Automated Parking System Market Report Scope & Overview:

The Automated Parking System Market Size was valued at USD 2.08 billion in 2023 and is expected to reach USD 6.02 billion by 2031, and grow at a CAGR of 14.50% over the forecast period 2024-2031.

With a keen focus on sustainability and reducing environmental impact, the APS market is witnessing increased integration of smart technologies, such as IoT sensors and data analytics, to enhance operational efficiency and provide a seamless parking experience. Government initiatives promoting smart city development and the escalating adoption of electric vehicles further underscore the industry's significance, positioning Automated Parking Systems as a crucial component in the evolution of modern urban infrastructure.

The growing number of automobiles, scarcity of parking land, rising urbanization, growing need for sustainable & green parking solutions, rising demand for smart buildings, and government smart city efforts are the main market drivers.

Automated Parking System Market Revenue Analysis

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The Automated Parking System manages parking in order to reduce the amount of space needed for parking. The Automated Parking Mechanism is a system that reduces the amount of parking space necessary. The Automated Parking System is utilized to develop multi-story parking systems that enhance the number of parking places while using less land. Parking structures that stack cars vertically to save space are known as automatic parking systems (APS). These one-of-a-kind devices are designed to move vehicles from the entrance to their parking location without the driver present.

Despite the rising need for automated parking solutions in a variety of places, the initial investment required to establish parking systems is substantial. The large capital investment required to build such systems may limit market expansion to some extent. This is due to the great frequency of automotive parking on the highways as well as the big population. The Automated Parking Systems Market has a bright future ahead of it.



  •  The govt. entities are reducing emissions. The industry has shifted its focus to eco-friendly product development.

  • The time spent looking for a parking spot waste contributes to pollution, and can be avoided by using an automated parking system.

  • The efficiency of an automated parking system improves, allowing more vehicles to be parked in less area.

As technological advancements continue to reshape urban landscapes, the efficiency of automated parking systems reaches new heights, revolutionizing the way we utilize space. This innovative approach not only streamlines the parking process but also maximizes the use of available area by accommodating a greater number of vehicles in a compact footprint. The Automated Parking System Market stands at the forefront of this transformative wave, providing a solution that not only caters to the growing demand for parking spaces in crowded urban environments but also contributes to sustainable and resource-efficient urban planning.


  • The installation of an automated parking system is difficult and requires careful consideration of a variety of elements.

  • When establishing an automatic parking system, another key consideration is safety.

  • In the absence of laws to monitor the performance of the system, quality control is a difficulty for manufacturers.


  • The global movement to construct smart cities has had a considerable impact on the evolution of metropolitan regions.

  • Smart city efforts implemented by govt. throughout the world have produced commercial prospects.

  • Many countries are introducing parking meters that adjust fees based on location, saving time & fuel for drivers.     

One notable trend gaining momentum is the implementation of smart parking meters that dynamically adjust fees according to the location's demand and availability. This forward-thinking approach not only optimizes parking spaces but also contributes to the reduction of unnecessary fuel consumption and time spent by drivers searching for parking. As the world shifts towards a more interconnected and efficient future, the Automated Parking System Market is poised for significant growth, catalyzing a revolution in how we manage urban mobility and parking resources.


  • An automated parking system is more efficient but the construction costs are significant at first.

  • Several companies do not appreciate automated parking systems due to the large costs involved.

  • Depending on how many parking spots are being created, the cost of implementing per space varies substantially


The ongoing conflict between Russia and Ukraine has imparted a discernible impact on the Automated Parking System (APS) market, introducing a paradigm shift in the industry landscape. Geopolitical tensions have triggered uncertainties, leading to disruptions in the global supply chain of APS components, thereby influencing production timelines and delivery schedules. Heightened geopolitical risks have also intensified market volatility, impacting investment sentiments and strategic decision-making within the APS sector.

Moreover, fluctuating currency exchange rates and geopolitical instability have led to increased operational costs for APS manufacturers and service providers, necessitating a comprehensive reassessment of risk management strategies. As the conflict continues to unfold, businesses operating in the Automated Parking System market are compelled to navigate a complex and dynamic environment, adapting swiftly to geopolitical developments while seeking innovative solutions to mitigate potential disruptions and maintain market resilience.


As global economic conditions have tightened, the APS sector has encountered a distinctive set of challenges that have disrupted its trajectory. The deceleration in economic activity has led to a cautious approach among businesses and municipalities, impacting their willingness to invest in advanced parking solutions. Budget constraints and a focus on cost-cutting measures have resulted in delayed or scaled-back projects related to automated parking infrastructure.

However, amidst the prevailing challenges, there exists a silver lining. The necessity for optimizing urban space and enhancing operational efficiency remains a paramount concern, positioning APS as a viable solution in the long term. As the economic landscape evolves, strategic adaptability and innovation will be pivotal for stakeholders in the Automated Parking System market to navigate through uncertainties and emerge resilient in the post-slowdown era.


  • By Automation Level:

The Automated Parking System (APS) market, delineated by its distinct automation levels, exemplifies a dynamic landscape poised for transformative growth. This sector, marked by its inherent technological sophistication, is stratified into various automation tiers, each embodying a nuanced evolution in parking management. From Level 1, characterized by basic automated features, to Level 5, where fully autonomous systems operate seamlessly, the market is a testament to the progressive integration of cutting-edge technologies. This segmentation not only reflects the industry's commitment to enhancing operational efficiency but also underscores its adaptability to diverse urban landscapes.In 2023, the fully automated segment held the share of the market at around 68.8%, with a projected faster growth rate compared to semi-automated systems.

  • By System Type

The hardware component of this By system type segment comprises state-of-the-art sensor arrays, precision-guided robotics, and intelligent control units, ensuring seamless and secure vehicular navigation within the parking facility. Complementing the robust hardware, the software facet is engineered with cutting-edge algorithms and machine learning models, facilitating real-time data analysis for optimal space utilization and efficient traffic flow management. This sophisticated integration of hardware and software not only elevates the operational efficiency of Automated Parking Systems but also establishes a new standard of excellence in the realm of smart urban mobility solutions.


By Automation level:

  • Semi-automated

  • Fully automated

By System type:

  • Hardware

  • Software

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By End-user:

  • Commercial

  • Residential

  • Mixed-use

By Design Model:

  • Hydraulic

  • Electro-mechanical

By Platform type:

  • Palleted

  • Non-palleted

By Parking level:

  • Less than level 5

  • Level 5- Level 10

  • More than level 15


  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America


In North America, technological advancements and a growing emphasis on smart urban infrastructure are propelling the APS market forward. The region's penchant for innovation and adoption of cutting-edge technologies fosters a conducive environment for automated parking solutions. Because of the widespread implementation of automation technologies in the region, North America is predicted to have a significant market share and grow at a rapid rate. Also, in order to establish a good system and control parking space for large on-road fleets in countries like the United States, the use of Automotive Parking Systems is projected to increase in the region. Meanwhile, Europe showcases a robust market driven by the region's commitment to sustainability and eco-friendly initiatives. With a focus on reducing carbon footprints and enhancing urban mobility, European countries are increasingly incorporating APS into their urban planning strategies.

The Asia-Pacific region emerges as a key player in the APS market, propelled by the rapid urbanization of megacities and the escalating demand for efficient parking solutions. Countries such as Japan and China are predicted to emerge as industry leaders in East Asia, with sales of automated parking systems expected to increase in the region. With consumers preferring to use automated parking systems to avoid the time-consuming and inconvenient procedure of parking, Europe is projected to see good growth in the industry.


A few global players dominate the automated parking system industry, which also includes many regional players. Wohr (Germany), Boomerang Systems, Klaus Multi Parking (Germany), FATA Automation, AJ Automated Parking System, CityLift (US), Mitsubishi Electric Corporation, Westfalia (Germany), ParkPlus, AutoStow Solutions, SkyPark Engineering, Expert Parking, TAPS, Robotic Parking Systems Inc. (US), and Unitronics are some of the major players in the market.


  • ParkPlus, a pioneering company in the APS sector, unveiled an innovative integration of artificial intelligence and sensor technologies, enhancing the efficiency and speed of their automated parking systems.

  • SkyPark Engineering, another influential player, introduced a groundbreaking modular design that allows for seamless customization, accommodating diverse urban infrastructures.

  • AutoStow Solutions presented a breakthrough in automated valet parking, employing advanced robotics to optimize parking space utilization and decrease retrieval times. These developments signify a paradigm shift in the APS industry, with these companies at the forefront of reshaping the future of urban parking and transportation.

FATA Automation-Company Financial Analysis

Company Landscape Analysis

Automated Parking System Market Report Scope:

Report Attributes Details
 Market Size in 2023  US$ 2.08 Bn
 Market Size by 2031  US$ 6.02 Bn
 CAGR  CAGR of 14.50% From 2024 to 2031
 Base Year  2023
 Forecast Period  2024-2031
 Historical Data  2020-2022
 Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
 Key Segments • By Automation level (Semi-automated, Fully automated)
• By System type (Hardware, Software)
• By End-user (Commercial, Residential, Mixed-use)
• By Design Model (Hydraulic, Electro-mechanical)
• By Platform type (Palleted, Non-palleted)
• By Parking level (Less than level 5, Level 5- level 10, More than level 15)
 Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
 Company Profiles Wohr, Boomerang Systems, Klaus Multi Parking, FATA Automation, AJ Automated Parking System, CityLift, Mitsubishi Electric Corporation, Westfalia, Expert Parking, TAPS, Robotic Parking Systems Inc., and Unitronics
 Key Drivers • The time spent looking for a parking spot waste contributes to pollution, and can be avoided by using an automated parking system.
• The efficiency of an automated parking system improves, allowing more vehicles to be parked in less area.
 Challenges • An automated parking system is more efficient but the construction costs are significant at first.
• Several companies do not appreciate automated parking systems due to the large costs involved.


Frequently Asked Questions

Ans: The Automated Parking System Market Size was valued at USD 2.08 billion in 2023 and is expected to reach USD 6.02 billion by 2031, and grow at a CAGR of 14.50% over the forecast period 2024-2031.

The prominent players in the market are Wohr (Germany), Boomerang Systems, Klaus Multi Parking (Germany), FATA Automation, AJ Automated Parking System, CityLift (US), Mitsubishi Electric Corporation, Westfalia (Germany), Expert Parking, and others in the final report.

  • The govt. entities are reducing emissions. The industry has shifted its focus to eco-friendly product development.
  • The time spent looking for a parking spot waste contributes to pollution and can be avoided by using an automated parking system.

North America region is dominating the carbon soft Drink market.

  • The global movement to construct smart cities has considerably impacted the evolution of metropolitan regions.
  • Smart city efforts implemented by govt. throughout the world have produced commercial prospects.

Table of Contents

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

2. Research Methodology

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

4. Impact Analysis

4.1 Impact of Ukraine- Russia war

4.2 Impact of Economic Slowdown

4.2.1 Introduction

4.2.2 Impact on major economies US Canada Germany France United Kingdom China Japan South Korea Rest of the World

5. Value Chain Analysis


6. Porter’s 5 forces model


7.  PEST Analysis


8. Global Automated Parking System Market Segmentation, by Automation level

8.1 Semi-automated

8.2 Fully automated

9. Global Automated Parking System Market Segmentation, by System type

9.1 Hardware

9.2 Software

10. Global Automated Parking System Market Segmentation, by End-user

10.1 Commercial

10.2 Residential

10.3 Mixed-use

11. Global Automated Parking System Market Segmentation, by Design model

11.1 Hydraulic

11.2 Electro-mechanical

12. Global Automated Parking System Market Segmentation, by Platform type

12.1 Palleted

12.2 Non-Palleted

13. Global Automated Parking System Market Segmentation, by Parking level

13.1 Less than level 5

13.2 Level 5- level 10

13.3 More than level 15

14. Regional Analysis

14.1 Introduction

14.2 North America

14.2.1 USA

14.2.2  Canada

14.2.3  Mexico

14.3 Europe

14.3.1  Germany

14.3.2  UK

14.3.3  France

14.3.4  Italy

14.3.5  Spain

14.3.6  The Netherlands

14.3.7  Rest of Europe

14.4 Asia-Pacific

14.4.1  Japan

14.4.2  South Korea

14.4.3  China

14.4.4  India

14.4.5  Australia

14.4.6  Rest of Asia-Pacific

14.5 The Middle East & Africa

14.5.1  Israel

14.5.2  UAE

14.5.3  South Africa

14.5.4  Rest

14.6 Latin America

14.6.1  Brazil

14.6.2  Argentina

14.6.3  Rest of Latin America

15. Company Profiles

15.1 Wohr (Germany)

15.1.1 Financial

15.1.2 Products/ Services Offered

15.1.3 SWOT Analysis

15.1.4 The SNS view

15.2 Boomerang Systems

15.3 Klaus Multi Parking (Germany)

15.4 FATA Automation

15.5 AJ Automated Parking System

15.6 CityLift (US)

15.7 Mitsubishi Electric Corporation

15.8 Westfalia (Germany)

15.9 Expert Parking

15.10 TAPS

15.11 Robotic Parking Systems Inc. (US)

15.12 Unitronics

16. Competitive Landscape

16.1 Competitive Benchmarking

16.2 Market Share analysis

16.3 Recent Developments

17. Conclusion

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Secondary Research

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Primary Research

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Data Bank Validation

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