Automated Parking Management Systems

Automated Parking Management Systems

Global Automated Parking Management Systems Market to Reach US$6.9 Billion by 2030

The global market for Automated Parking Management Systems estimated at US$3.0 Billion in the year 2023, is expected to reach US$6.9 Billion by 2030, growing at a CAGR of 12.4% over the analysis period 2023-2030. Semi-automated Parking System, one of the segments analyzed in the report, is expected to record a 11.7% CAGR and reach US$4.0 Billion by the end of the analysis period. Growth in the Fully automated Parking System segment is estimated at 13.4% CAGR over the analysis period.

The U.S. Market is Estimated at US$823.1 Million While China is Forecast to Grow at 11.8% CAGR

The Automated Parking Management Systems market in the U.S. is estimated at US$823.1 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.1 Billion by the year 2030 trailing a CAGR of 11.8% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 10.8% and 10.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 9.0% CAGR.

Global Automated Parking Management Systems Market - Key Trends & Drivers Summarized

Why Are Automated Parking Management Systems Revolutionizing Urban Mobility?

Automated parking management systems (APMS) are becoming essential in addressing the growing challenges of urban mobility, particularly as cities face increasing population density and limited parking infrastructure. These systems optimize parking space utilization, reducing the time drivers spend searching for available spots while minimizing traffic congestion and pollution. APMS utilize advanced technologies such as AI, sensors, and IoT to guide vehicles to vacant spots, enable cashless payments, and even automate the entire parking process. The shift toward smart cities and the rising adoption of electric vehicles (EVs) are further driving demand for integrated, intelligent parking solutions that enhance the urban driving experience.

How Are Technological Innovations Enhancing Automated Parking Systems?

Technology is the backbone of automated parking management systems, with advancements in machine learning, sensor technology, and robotics enabling more efficient and user-friendly solutions. License plate recognition, RFID tags, and real-time data analytics are being incorporated into parking systems to streamline entry, exit, and fee collection processes. Autonomous parking solutions, where vehicles park themselves with minimal human intervention, are gaining momentum, offering significant convenience to drivers in congested urban environments. Moreover, cloud-based platforms are enabling centralized management of parking facilities across multiple locations, allowing operators to monitor occupancy, optimize pricing strategies, and improve overall efficiency.

What Regulatory and Environmental Factors Are Impacting the Growth of APMS?

As urban environments increasingly prioritize sustainability and the reduction of vehicle emissions, regulatory policies are driving the adoption of automated parking management systems. Governments and municipalities are incentivizing the use of smart parking solutions to reduce congestion and carbon footprints, particularly in city centers. Additionally, environmental concerns are pushing developers to design systems that integrate electric vehicle (EV) charging infrastructure, making APMS an integral part of the transition toward greener transportation. Compliance with safety regulations, such as ensuring proper lighting, ventilation, and fire safety in parking facilities, also plays a critical role in the adoption of these systems.

What Factors Are Driving the Growth of the Automated Parking Management Systems Market?

The growth in the automated parking management systems market is driven by several factors, including increasing urbanization, the need for efficient parking solutions, and the rise of smart city initiatives. The growing number of vehicles on the road, coupled with limited parking space in urban areas, is creating a demand for intelligent parking management solutions that reduce congestion and improve convenience. Technological advancements, such as autonomous parking features and integrated payment systems, are enhancing the user experience and driving further adoption. Additionally, the expansion of electric vehicles and the need for integrated charging stations are fueling the development of automated parking systems. The push for greener, more efficient urban mobility solutions is also contributing to market growth, as cities adopt smart infrastructure to manage their transportation networks more effectively.

Select Competitors (Total 46 Featured) -

• 5BY2
• AUTOMOTION Parking Systems
• CityLift Parking
• Dayang Parking Co. Ltd
• DONGYANG MENICS
• EITO & Global Inc.
• FATA AUTOMATION
• IHI
• Katopark
• Klaus Multiparking Systems Pvt. Ltd
• kyline Parking AG
• MHE DEMAG (S) Pte Ltd
• Nissei Build Industries
• Parkmatic
• PARKMATIC TM
• PARKPLUS
• Qingdao Bortome
• Robotic Parking Systems Inc
• Simmatec
• Sotefin
• Tada
• UNITRONICS
• Westfalia Parking Solutions
• WÖHR

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