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Automated Parking System Market Forecast: What Market Value Is Expected By 2030?
The market for automated parking systems has experienced a notable expansion in recent years. It is projected to move from $2.6 billion in 2025 to $3.02 billion in 2026, reflecting a compound annual growth rate (CAGR) of 16.4%. Historical growth has been driven by factors such as limited urban land in metropolitan regions, higher rates of vehicle ownership, the growth of high-density residential projects, the increased integration of smart city infrastructure, and the initial implementation of mechanical parking systems.
The automated parking system market is poised for rapid expansion over the coming years, with projections indicating it will reach $5.56 billion by 2030, driven by a compound annual growth rate (CAGR) of 16.4%. This anticipated growth during the forecast period is fueled by several factors, such as heightened investment in smart urban mobility solutions, a growing need for parking systems compatible with autonomous vehicles, the integration of expanding electric vehicle infrastructure, an increased emphasis on alleviating traffic congestion, and greater adoption within commercial real estate developments. Key trends shaping this period include a rising preference for completely automated parking structures, a growing demand for vertical parking solutions that optimize space, the broader incorporation of intelligent parking software platforms, the development of sensor-driven vehicle handling systems, and a strengthened commitment to contactless parking experiences.
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Automated Parking System Market Growth Factors Supporting Long-Term Expansion
The growth of the automated parking system market is anticipated to be driven by the increasing demand for passenger cars. These vehicles, which are primarily intended for passenger transport, typically accommodate between one and five individuals. This rising demand is largely attributed to growing disposable incomes, as higher earnings enable more people and families to purchase personal cars, thereby improving mobility and convenience. Automated parking systems in passenger cars boost convenience and safety by handling the maneuvering of the vehicle into parking spots autonomously, lessening the need for driver input and alleviating parking-related stress. As an example, the China Passenger Car Association (CPCA), an industry body based in China, reported that in 2024, domestic retail sales of passenger vehicles reached 22.894 million units, reflecting a 5.5% increase year over year. Consequently, the surge in demand for passenger cars continues to fuel the expansion of the automated parking system market.
#Automated Parking System Market Segment Landscape And Growth Potential
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 Industry Trends Shaping Future Revenue Growth
Major companies operating in the automated parking system market are increasing their focus on introducing advanced parking solutions, such as the Mobis Parking System, to gain a competitive edge in the market. Mobis Parking System is a comprehensive and innovative parking solution that leverages advanced technology and data analytics to optimize parking management and enhance 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), which utilizes ultrasonic sensors and surround-view monitor cameras to assess the vehicle’s position and generate a map, enabling one-touch autonomous parking. The MPS also includes a Memory Parking Assist (MPA) function that memorizes the parking process when the driver initially parks in learning mode, enabling the vehicle to repetitively park in the same spot with a simple button press. This system is capable of identifying parking lines and facilitating autonomous parking, even in an unoccupied parking space without nearby vehicles.
Automated Parking System Market Competitive Landscape: Who Are The Leading Companies?
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 Geographic Landscape: Which Region Dominates Industry Growth?
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.
