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Automated Parking System Market Growth From $3.02 Billion In 2026 To $5.56 Billion By 2030 At A CAGR Of 16.4%
The automated parking system market has shown rapid expansion in recent years. It is forecast to grow from $2.6 billion in 2025 to $3.02 billion in 2026, at a compound annual growth rate (CAGR) of 16.4%. This historical growth can be linked to factors such as limited urban land in metropolitan areas, an increase in vehicle ownership rates, the proliferation of high-density residential developments, the growing adoption of smart city infrastructure, and the early implementation of mechanical parking systems.
The automated parking system market size is anticipated to undergo rapid expansion over the next few years. It is expected to grow to $5.56 billion in 2030, at a compound annual growth rate (CAGR) of 16.4%. This growth during the forecast period can be attributed to increasing investments in smart urban mobility solutions, a rising demand for parking compatible with autonomous vehicles, the expansion of electric vehicle infrastructure integration, a growing focus on reducing traffic congestion, and its increasing adoption in commercial real estate projects. Significant trends projected for the forecast period include the increasing adoption of fully automated parking structures, a rising demand for space-efficient vertical parking solutions, the growing integration of smart parking software platforms, the expansion of sensor-based vehicle handling systems, and an enhanced focus on contactless parking operations.
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Automated Parking System Market Growth Drivers: What’s Behind The Acceleration?
The escalating demand for passenger vehicles is anticipated to drive the expansion of the automated parking system market in the coming years. Passenger cars are vehicles primarily engineered for transporting individuals, typically accommodating a small number, ranging from one to five people. This increasing demand for passenger cars is fueled by rising disposable incomes, as higher earnings enable more individuals and families to acquire personal vehicles, thereby enhancing mobility and convenience. Automated parking systems within passenger cars improve convenience and safety by autonomously guiding the vehicle into parking spaces, reducing driver effort, and lessening parking-related stress. For instance, in 2024, the China Passenger Car Association (CPCA), a China-based industry association, reported that domestic retail sales of passenger vehicles reached 22.894 million units, indicating a 5.5% year on year increase. Consequently, the rising demand for passenger cars is propelling the growth of the automated parking system market.
Automated Parking System Market Segment Analysis Spotlighting Growth Areas
The automated parking system market covered in this report is segmented –
1) By Component: Hardware, Software
2) By Structure Type: AGV System, Silo System, Tower System, Rail Guided Cart (RGC) System, Puzzle System, Shuttle System
3) By Platform: Palleted, Non-Palleted
4) By Automation Level: Fully Automated, Semi-Automated
Subsegments:
1) By Hardware: Parking Sensors, Cameras And Image Processing Units, Control Units And Servers, Entry Or Exit Barriers and Gates, Display And Signage Systems
2) By Software: Parking Management Software, Reservation And Payment Systems, Analytics And Reporting Tools, User Interface Applications, Integration Software For Smart City Solutions
Automated Parking System Market Trends: What’s Defining The Industry’s Next Phase?
Major companies operating in the automated parking system market are intensifying their efforts to introduce advanced parking solutions, such as the Mobis Parking System, in order to gain a competitive advantage. The Mobis Parking System represents a comprehensive and innovative parking solution that utilizes sophisticated technology and data analytics to optimize parking management and elevate the overall parking experience for users. For instance, in September 2023, HyundAI Mobis, a South Korea-based automobile company, launched the Mobis Parking System (MPS). This system employs ultrasonic sensors and surround-view monitor cameras to ascertain the vehicle’s position and generate a map, enabling one-touch autonomous parking. The MPS also incorporates a Memory Parking Assist (MPA) function that memorizes the parking sequence when the driver first parks in learning mode, allowing the vehicle to repeatedly park in the same spot with a simple button press. This system is capable of recognizing parking lines and facilitating autonomous parking, even in an unoccupied parking space without nearby vehicles.
Automated Parking System Market Leading Companies: Who Holds The Strongest Market Presence?
Major companies operating in the automated parking system market are Westfalia Technologies Inc.; Klaus Multiparking Systems Pvt Ltd.; Robotic Parking Systems Inc.; Wohr Parking Systems; City Lift Parking LLC; ShinMaywa Industries Ltd.; Skyline Parking AG; Dayang Parking Co. Ltd.; Serva Transport Systems GmbH; IHI Corporation; Lodige Industries GmbH; Robopark Inc.; Unitronics Systems Inc.; Eito & Global Inc.; Parkmatic Systems Inc.; Amano Corporation; U-TRON Electronics Co. Ltd.; TADA Technologies Pte Ltd.; Omnitec Group; MHE-Demag Pte Ltd.; FATA Automation Inc.; Umojo Inc.
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Automated Parking System Market Regional Breakdown: Where Is Demand Concentrated?
Western Europe was the largest region in the automated parking system market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automated parking system market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Wasay has over a decade of experience in market research, data modelling, and analytics, with prior experience at GlobalData and Decision Tree Consulting Services. At The Business Research Company , he leads research operations across syndicated studies, customized consulting engagements, and the Global Market Model platform. His professional experience includes supporting organizations such as Boston Consulting Group, KPMG, and Ernst & Young. Wasay holds a degree in Electronics and Communications Engineering, postgraduate management qualifications from International Management Institute Belgium and Indian School of Business and Entrepreneurship, and completed the Integrated Program in Business Analytics from Indian Institute of Management Indore.
