Market Analysis and Insights: Global Automated Parking Systems Market

An 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.

Due to the COVID-19 pandemic, the global Automated Parking Systems market size is estimated to be worth US$ 2338 million in 2022 and is forecast to a readjusted size of US$ 3129 million by 2029 with a CAGR of 4.2% during the forecast period 2023-2029. Fully considering the economic change by this health crisis, Rotary Carousel accounting for % of the Automated Parking Systems global market in 2022, is projected to value US$ million by 2029, growing at a revised % CAGR from 2023 to 2029. While Commercial segment is altered to an % CAGR throughout this forecast period.

Global Automated Parking Systems key players include ShinMaywa, IHI Parking System, MHI Parking, XIZI Parking System, Wuyang Parking, etc. Global top five manufacturers hold a Production Market Share over 25%. China accounts for the most Production Market Share, which have a share over 40%, followed by Japan. In terms of product, Multi Parking is the largest segment, with a Production Market Share over 70%. And in terms of application, the largest application is Commercial, followed by Residential.

Global Automated Parking Systems Scope and Market Size

The global Automated Parking Systems market is segmented by company, region (country), type and application. Players, stakeholders, and other participants in the global Automated Parking Systems market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), type and application for the period 2018-2029.


Segment by Type


Rotary Carousel

Speedy Parking

Multi Parking

Optima Parking

Other


Segment by Application


Commercial

Residential

Government

By Region

United States

Europe

China

Japan

Southeast Asia

India

Other Regions


By Company


ShinMaywa

IHI Parking System

MHI Parking

XIZI Parking System

Wuyang Parking

Tongbao Parking Equipment

Huaxing intelligent parking

Nissei Build Kogyo

Yeefung Industry Equipment

CIMC Tianda

Wohr

AJ Dongyang Menics

Dayang Parking

Klaus Multiparking

Maoyuan Parking Equipment

Lödige Industries

PARI

RR Parkon

Tada

Sieger Parking