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Automated Parking System Market Size, Growth Rate And Key Forecast Highlights For 2026–2030
The automated parking system market size has experienced rapid growth in recent years. It is projected to expand from $2.6 billion in 2025 to $3.02 billion in 2026, achieving a compound annual growth rate (CAGR) of 16.4%. This historical expansion can be attributed to several factors, including urban land scarcity in metropolitan areas, rising vehicle ownership rates, the expansion of high-density residential developments, increasing adoption of smart city infrastructure, and the early deployment of mechanical parking systems.
The automated parking system market is anticipated to experience substantial expansion in the coming years. Its size is projected to reach $5.56 billion in 2030, exhibiting a compound annual growth rate (CAGR) of 16.4%. This growth during the forecast period is driven by increasing investments in intelligent urban mobility solutions, a rising need for parking compatible with autonomous vehicles, broader integration of electric vehicle infrastructure, a greater emphasis on mitigating traffic congestion, and increased implementation within commercial real estate developments. Key trends during this period encompass the greater embrace of fully automated parking structures, a surge in demand for space-saving vertical parking options, wider integration of smart parking software platforms, the expansion of sensor-driven vehicle handling systems, and a heightened emphasis on contactless parking operations.
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Automated Parking System Market Expansion: The Major Factor Driving Growth
The expansion of the automated parking system market is anticipated to be fueled by the escalating demand for passenger cars. These vehicles are primarily designed for transporting people, typically accommodating between one and five individuals. The surge in demand for passenger cars is largely attributable to increasing disposable incomes, which empower more households and individuals to acquire personal vehicles, thereby improving their ease of movement and overall convenience. Automated parking systems integrated into passenger cars elevate both convenience and safety by autonomously guiding the vehicle into parking spaces, thus decreasing driver involvement and mitigating 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 achieved 22.894 million units, demonstrating a 5.5% year on year increase. Therefore, the growing requirement for passenger cars is a primary driver for the automated parking system market’s development.
Understanding Automated Parking System Market Segmentation For Strategic Planning
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
Key Automated Parking System Market Trends To Watch In 2026
Leading companies operating in the automated parking system sector are intensifying their focus on launching sophisticated parking solutions, including the Mobis Parking System, to gain a competitive advantage in the market. The Mobis Parking System is a comprehensive and innovative parking solution that utilizes advanced technology and data analytics to optimize parking management and enhance the overall parking experience for users. For example, in September 2023, Hyundai Mobis, a South Korea-based automobile manufacturer, introduced the Mobis Parking System (MPS). This system employs ultrasonic sensors and surround-view monitor cameras to determine the vehicle’s position and generate a map, facilitating one-touch autonomous parking. The MPS also features a Memory Parking Assist (MPA) function, which records the parking sequence when the driver first parks in learning mode, enabling the vehicle to consistently park in the same spot with a simple button press. This system is capable of recognizing parking lines and supporting autonomous parking, even in an unoccupied parking space without nearby vehicles.
Key Companies Active In The Automated Parking System Market
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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Which Geography Dominates The Automated Parking System Market?
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.
