Global Multi-Storey Car Parks Market Growth 2025-2031

The global Multi-Storey Car Parks market size is predicted to grow from US$ 2393 million in 2025 to US$ 3103 million in 2031; it is expected to grow at a CAGR of 4.4% from 2025 to 2031.

Multi-storey car parks, also called automated (car) parking system (APS), is a mechanical system designed to minimize the area and/or volume required for parking cars. Like a multi-story parking garage, an APS provides parking for cars on multiple levels stacked vertically to maximize the number of parking spaces while minimizing land usage. The APS, however, utilizes a mechanical system to transport cars to and from parking spaces (rather than the driver) in order to eliminate much of the space wasted in a multi-story parking garage. While a multi-story parking garage is similar to multiple parking lots stacked vertically, an APS is more similar to an automated storage and retrieval system for cars.

Multi-storey car parks are structures designed to provide multiple levels of parking space, maximizing the use of land in urban areas where space is limited. These parking facilities are commonly found in densely populated cities, commercial centers, airports, and public venues. The design and construction of multi-storey car parks aim to accommodate a large number of vehicles in a relatively small footprint, addressing the growing demand for parking spaces in high-traffic areas.

One of the primary advantages of multi-storey car parks is their ability to save space and improve parking efficiency. By building vertically, these structures can hold hundreds or even thousands of cars, relieving congestion on streets and reducing the need for expansive surface parking lots. Many modern multi-storey car parks also incorporate smart parking systems, which help drivers locate available spots quickly and optimize traffic flow within the facility.

Environmental considerations have also influenced the development of multi-storey car parks. Green design elements such as solar panels, electric vehicle charging stations, and energy-efficient lighting are becoming more common. In some cases, these car parks are integrated with mixed-use developments, combining parking with retail or office spaces to further enhance land use efficiency.

Overall, multi-storey car parks are an essential infrastructure solution for modern cities, providing convenient parking options while helping to manage urban land resources more effectively. As urbanization continues, the demand for such facilities is likely to grow, with innovations in design, technology, and sustainability playing a significant role in their future development.

LP Information, Inc. (LPI) ' newest research report, the “Multi-Storey Car Parks Industry Forecast” looks at past sales and reviews total world Multi-Storey Car Parks sales in 2024, providing a comprehensive analysis by region and market sector of projected Multi-Storey Car Parks sales for 2025 through 2031. With Multi-Storey Car Parks sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Multi-Storey Car Parks industry.

This Insight Report provides a comprehensive analysis of the global Multi-Storey Car Parks landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Multi-Storey Car Parks portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Multi-Storey Car Parks market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Multi-Storey Car Parks and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Multi-Storey Car Parks.

This report presents a comprehensive overview, market shares, and growth opportunities of Multi-Storey Car Parks market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Semi-automatic Type
Fully-automatic Type

Segmentation by Application:
Residential
Public
Business

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
IHI Parking System
Wuyang Parking
Dayang Parking
XIZI Parking System
Yeefung Industry Equipment
Klaus Multiparking
ShinMaywa
Tongbao Parking Equipment
Wohr
Groupe Briand
Maoyuan Parking Equipment
AJ Automated Parking Systems
Huaxing Intelligent Parking
Wipro PARI
HUBER
Mitsubishi Heavy Industries
Nissei Build Kogyo
RR Parkon
CIMCIOT
Goldbeck
Sampu Garage
Tada
Bourne Group

Key Questions Addressed in this Report

What is the 10-year outlook for the global Multi-Storey Car Parks market?

What factors are driving Multi-Storey Car Parks market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Multi-Storey Car Parks market opportunities vary by end market size?

How does Multi-Storey Car Parks break out by Type, by Application?

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