Automated Parking System Market Size - By Type, By Structure, By Offering, By Platform, By End Use, Growth Forecast, 2025 - 2034

Automated Parking System Market Size

The global automated parking system market was valued at USD 2.2 billion in 2024 and is estimated to register a CAGR of 18% between 2025 and 2034.
 

The market is witnessing robust growth, fuelled by increasing urbanization, the scarcity of parking spaces in metropolitan areas, and rising demand for space-efficient, sustainable infrastructure solutions. As cities grapple with limited real estate and increasing vehicle density, automated parking systems are emerging as a modern solution that optimizes land usage and reduces traffic congestion. These systems offer a seamless parking experience through compact design, faster vehicle retrieval, and minimal human intervention, making them an ideal fit for residential complexes, commercial centres, and smart city initiatives.
 

Automated parking systems are gaining momentum across various end-user segments, including commercial buildings, residential apartments, hospitals, and airports. Their adoption is being driven by the growing need for efficient space utilization, enhanced safety, and reduced environmental impact. With advancements in automation and robotics, these systems now feature sophisticated car-lifting platforms, multi-level stacking, and automated slot allocation. Consumers and real estate developers are increasingly favouring these solutions for their ability to offer increased parking capacity within a smaller footprint, as well as the added value of reduced operational costs and emissions.
 

Technological innovations are significantly shaping the evolution of the automated parking system market. Key developments include the integration of AI and IoT for real-time monitoring, predictive maintenance, and smart navigation. Advanced sensors, automated payment systems, license plate recognition (LPR), and cloud-based platforms are enhancing user convenience and streamlining operations. These features not only improve parking efficiency but also ensure vehicle security and reduce labour dependency, aligning with the broader push for smart infrastructure and digital transformation in urban planning.
 

For instance, in 2023, Skyline Parking AG launched its next-generation automated parking system designed for high-density urban zones. The system features a modular design that can be tailored to existing building layouts and accommodates both standard and electric vehicles. It incorporates AI-driven management software, real-time space availability updates, and energy-efficient mechanisms that reduce power consumption during peak hours.
 

Automated Parking System Market Trends

• A major trend shaping the market is the integration of Artificial Intelligence (AI) and Internet of Things (IoT) technologies into automated parking systems. These smart features enable real-time monitoring, automated space allocation, remote vehicle retrieval, and predictive maintenance, thereby enhancing system efficiency and user experience.
   
• Energy-efficient designs are gaining popularity, with a strong focus on low-power consumption motors, LED lighting, and renewable energy integration such as solar panels. These initiatives align with global sustainability goals and reduce the operational carbon footprint of parking facilities.
   
• The demand for contactless and app-based solutions has surged, especially post-pandemic. Consumers prefer systems that offer mobile-based access, digital payments, and automatic ticketing, supporting a more hygienic and seamless parking experience.
   
• Automated valet parking (AVP) is an emerging trend, wherein vehicles equipped with autonomous driving capabilities interface with smart infrastructure to self-park within automated systems. This innovation is being explored in collaboration between automakers and parking solution providers to enhance convenience and space efficiency.
   
• Increasing real estate prices in urban areas are driving demand for high-density parking solutions. Automated multi-level systems are becoming a preferred choice for maximizing space utilization in commercial complexes, residential buildings, and airports.
   

Trump Administration Tariffs

• The Trump administration’s tariffs on imported components such as lithium, steel, aluminum, and electronic parts are likely to disrupt the automated parking system value chain. These systems rely heavily on high-precision electronics, motors, and lightweight structural materials, and any cost escalation in these inputs could significantly affect the overall pricing and market competitiveness of automated solutions.
   
• Domestic manufacturers may face challenges in sustaining competitive pricing due to increased raw material and component costs. This could hinder the deployment of affordable automated parking systems, especially in price-sensitive segments such as residential complexes, public infrastructure, and smaller commercial projects.
   
• To absorb rising costs, companies may be forced to pass a portion of the burden onto end-users, which would reduce the cost-effectiveness and broad appeal of automated parking systems. This could slow adoption, particularly in emerging markets and among municipal or budget-constrained urban development projects.
   
• The broader uncertainty around trade policies and component sourcing may deter venture capital and institutional investments in the automated parking space. Many companies in this sector are startups or operate on lean margins, making them particularly vulnerable to policy-driven supply chain disruptions and fluctuating costs.
   

Automated Parking System Market Analysis

Based on platform, the automated parking system market is divided into palleted and non-palleted. The non-palleted segment dominated the market, generating revenue of around USD 500 million in 2024.
 

• The non-palleted segment currently dominates the market due to its superior space efficiency and faster vehicle retrieval capabilities, making it ideal for high-density urban environments.
   
• Non-palleted systems operate without requiring a supporting platform, instead utilizing advanced robotics and conveyor mechanisms to move vehicles directly. This design reduces mechanical complexity and enhances flexibility in system layout and installation.
   
• The segment's growth is further supported by rising demand from commercial buildings, airports, and residential complexes that require compact, high-throughput parking solutions with minimal operational delays.
   
• As cities prioritize smart infrastructure and space optimization, non-palleted systems are gaining traction for their ability to deliver seamless, automated parking experiences while maximizing the number of vehicles accommodated within limited footprints.
   

Based on the end use, the automated parking system market is divided into residential and commercial. The commercial segment dominated the market accounting segment and held a market share of 70% in 2024.
 

• The commercial segment dominated the market, driven by increasing demand from office complexes, shopping centers, airports, hospitals, and hospitality venues.
   
• Commercial facilities benefit significantly from automated parking solutions due to their ability to maximize parking capacity, reduce vehicle retrieval time, and improve overall traffic flow in high-traffic environments.
   
• The adoption of automated systems in commercial settings is also fueled by growing urban congestion, land scarcity, and the rising cost of real estate, which necessitate efficient use of space through vertical or underground parking structures.
   
• Integration with smart building technologies, enhanced security features, and the potential for reduced staffing requirements make automated parking systems a compelling investment for commercial property developers and facility managers.
   

Based on type, the automated parking system market is segmented into fully automated and semi-automated. The semi-automated segment dominated the market in 2024.
 

• The semi-automated segment dominated the market due to its cost-effectiveness, ease of implementation, and increasing demand for a balance between automation and human control, making it ideal for a wide range of applications, from commercial facilities to residential areas.
   
• For example, in October 2023, ParkPlus launched a semi-automated parking system that became widely adopted due to its quick installation process, user-friendly interface, and ability to reduce parking time without requiring full automation.
   
• The semi-automated parking system is favored for its versatility, offering a good compromise between fully automated systems and traditional manual parking methods. This type provides enhanced convenience, lower operational costs, and relatively simple maintenance, contributing to its widespread adoption in both small-scale and large-scale parking operations.
   

Based on structure, the automated parking system market is segmented into AGV system, silo system, tower system, rail guided cart (RGC) system, puzzle system and shuttle system. The AGV system segment dominated the market in 2024, accounting for the largest share of global revenue.
 

• The AGV system segment dominated the market due to its versatility, scalability, and ability to handle complex parking layouts with ease, making it the preferred choice for a variety of parking environments, including urban centers and large commercial facilities.
   
• For example, in January 2024, KLA Parking Solutions launched an AGV-based automated parking system that gained widespread adoption due to its ability to reduce parking time and maximize space utilization, catering to both residential and commercial users.
   
• The AGV system is favored for its flexibility, offering a high level of automation, smooth integration into existing structures, and the capability to work in high-density areas. These factors contribute to its dominance in the market, as it offers an ideal solution for modern parking challenges, especially in busy metropolitan regions.
   

Based on offering, the automated parking system market is segmented into hardware, software and services. The hardware segment dominated the market in 2024, accounting for the largest share of global revenue.
 

• Based on offering, the automated parking system market is segmented into hardware, software, and services. The hardware segment dominated the market due to the critical role that physical component, such as sensors, automated guided vehicles (AGVs), parking lifts, and conveyors, play in the functionality of automated parking systems. These components are essential for the operation, efficiency, and reliability of the system, driving the largest share of market revenue.
   
• For example, in February 2024, ParkTech Innovations launched a new line of AGV-based hardware solutions that became highly popular due to their advanced technology and durability, leading to increased adoption across commercial and residential parking solutions.
   
• The hardware segment is favored for its foundational role in the system’s infrastructure, as well as its ability to support cutting-edge automation technologies that are crucial for improving parking efficiency and maximizing space utilization. This dominance is expected to continue as the demand for smart and scalable parking solutions grows.
   

Germany dominated the Europe automated parking system market with revenue USD 218.8 million in 2024 and is expected to grow with a CAGR of around 16.9% during the forecast period.
 

• Germany dominated the Europe automated parking system market due to its strong automotive industry, advanced technological infrastructure, and high level of urbanization. The country’s commitment to smart city initiatives and sustainable urban mobility has driven significant investments in intelligent parking solutions, including automated parking systems.
   
• For example, in June 2023, a large-scale automated parking facility was launched in Munich in partnership with Bosch and Daimler, showcasing Germany’s leadership in integrating cutting-edge parking technologies with real-world applications. The system used a fully automated valet parking solution powered by AI and IoT, significantly improving parking efficiency and user convenience.
   
• Germany’s dominance is also supported by favourable government policies, strong R&D capabilities, and collaborations between technology firms and automotive giants. These factors have led to the early adoption and continuous development of innovative automated parking systems across major cities such as Berlin, Frankfurt, and Hamburg.
   

Predictions suggest that from 2025-2034, the US automated parking system market will grow tremendously.
 

• The growing adoption of autonomous vehicles, electric vehicles (EVs), and the push for sustainable urban development are key factors fueling the demand for automated parking systems in the U.S. These systems not only optimize space utilization but also reduce emissions and traffic congestion associated with traditional parking methods.
   
• Furthermore, government incentives for smart infrastructure and green building certifications, such as LEED, are encouraging developers to incorporate automated parking systems into their projects, boosting market growth.
   
• The market is also benefiting from technological advancements, such as AI-driven parking algorithms, IoT-enabled monitoring systems, and cloud-based parking management software, which enhance the performance, scalability, and cost-efficiency of automated parking solutions.
   

Predictions suggest that from 2025-2034, the China automated parking system market will grow tremendously.
 

• China’s dense metropolitan areas face acute parking shortages, making space-efficient and intelligent parking solutions a high priority. Automated parking systems offer a viable solution by maximizing parking capacity while minimizing land, especially critical in cities like Beijing, Shanghai, and Shenzhen.
   
• The Chinese government is also heavily investing in smart transportation infrastructure, encouraging the development and deployment of automated systems through policy support, subsidies, and public-private partnerships.
   
• In addition, the growth of electric vehicles (EVs) in China is creating demand for integrated solutions that combine EV charging with automated parking, further boosting market expansion.
   
• With strong manufacturing capabilities, rapid technology adoption, and increasing urban congestion, China is poised to become one of the largest and fastest-growing markets for automated parking systems globally. The market is expected to witness robust double-digit growth throughout the forecast period, solidifying China’s leadership in the global smart mobility space.
   

Automated Parking System Market Share

• The top 7 companies, IHI Corporation, MHE Demag (S) Pte Ltd, Unitronics Corporation, Lodgie Industries, Robotic Parking Systems, Fata Automation and City Lift Parking hold a significant market share of over 30% in the automated parking system industry in 2024.
   
• IHI Corporation leads with its high-capacity, vertically integrated systems, offering advanced automation and space-optimization technologies that cater to the needs of high-density metropolitan areas.
   
• For instance, in January 2024, IHI launched an upgraded smart tower system in Tokyo, capable of parking over 500 vehicles with optimized vertical stacking and AI-assisted retrieval.
   
• MHE Demag (S) Pte Ltd focuses on delivering modular and cost-effective parking solutions, with a strong presence in Southeast Asia and a reputation for reliability and tailored system design.
   
• For instance, in May 2023, the company completed a major installation in Kuala Lumpur for a mixed-use development, incorporating a semi-automated puzzle system with IoT integration for real-time monitoring.
   
• Unitronics Corporation is known for its comprehensive integration of automation hardware and intelligent software, delivering seamless user experiences through fully automated parking systems.
   
• For instance, in February 2024, Unitronics delivered a multi-level robotic parking structure in Tel Aviv, featuring app-based access and dynamic vehicle allocation based on traffic patterns.
   
• Lodgie Industries offers compact and versatile automated parking systems, particularly suited for residential and mid-size commercial projects, balancing performance with affordability.
   
• For instance, in 2024, the company launched its SmartBay system, targeting urban apartment complexes in Europe, offering a compact yet efficient solution that quickly gained traction in cities like Amsterdam and Madrid.
   
• Robotic Parking Systems specializes in large-scale, high-speed automated parking infrastructures, utilizing advanced robotics and smart retrieval algorithms to maximize efficiency and capacity.
   
• For instance, in March 2024, it opened a landmark facility in Dubai, equipped with intelligent retrieval algorithms and a capacity of over 1,200 cars, reinforcing its position as a go-to provider for large-scale urban projects.
   

Automated Parking System Market Companies

Major players operating in the automated parking system industry include:

• AutoMotion Parking
• City Lift Parking
• Fata Automation
• IHI
• Klaus Multiparking
• Lodgie I
• MHE Demag
• Parkmatic
• Robotic Parking
• Unitronics
   

Leading companies in the automated parking systems market are actively enhancing their market presence through strategic initiatives such as mergers and acquisitions, joint ventures, and significant investments in advanced manufacturing capabilities. These moves are aimed at driving product innovation, streamlining operations, and enabling large-scale production to meet rising global demand.
 

Top players such as IHI Corporation, MHE Demag (S) Pte Ltd, Unitronics Corporation, Lodgie Industries, Robotic Parking Systems, Fata Automation, and City Lift Parking are focusing on developing high-performance automated parking systems that prioritize system efficiency, modularity, space optimization, and user convenience. By embracing automation, precision engineering, and cutting-edge design, these companies aim to deliver robust parking solutions for both commercial developers and urban infrastructure planners.
 

Manufacturers are also increasingly incorporating smart technologies into their systems, including IoT-enabled controls, app-based access, and AI-powered vehicle retrieval to enhance the user experience. Sustainability remains a key focus, with growing efforts to integrate energy-efficient components, low-emission operations, and recyclable materials. Furthermore, leading companies are expanding their R&D activities to develop advanced features such as integrated EV charging stations, predictive maintenance capabilities, and intelligent traffic flow systems that align with the evolving requirements of smart cities and sustainable urban development.
 

Automated Parking System Industry News

• In March 2024, IHI Corporation announced the development of a next-generation vertical lift parking system with AI-powered vehicle recognition and enhanced energy efficiency, aimed at large commercial and residential complexes in urban Japan.
   
• In February 2024, MHE Demag (S) Pte Ltd expanded its presence in Southeast Asia by securing a major contract for a smart parking infrastructure project in Singapore, featuring a hybrid puzzle and shuttle system for mixed-use developments.
   
• In February 2024, Unitronics Corporation introduced an upgraded version of its fully automated parking system software, enabling remote diagnostics, real-time space tracking, and automated vehicle routing for improved operational efficiency.
   
• In December 2023, Robotic Parking Systems completed the installation of one of the largest automated parking garages in the Middle East, with capacity for over 1,000 vehicles and advanced robotics designed to optimize space and reduce retrieval time.
   
• In November 2023, City Lift Parking partnered with a U.S. real estate developer to integrate modular parking systems in a series of new residential projects in California, promoting compact design and EV charging integration.
   
• In October 2023, Fata Automation announced a strategic investment in robotic conveyor innovations to support the growing demand for high-throughput automated parking solutions in North America and Europe.
   
• In September 2023, Lodgie Industries launched a compact, mid-capacity automated parking solution tailored for European urban centres, focusing on retrofitting existing buildings with space-saving, tech-enabled systems.
   

The automated parking system market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue ($ Billion) from 2021 to 2034, for the following segments:

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Market, By Type

• Fully automated
• Semi-automated

Market, By Structure

• AGV System
• Silo System
• Tower System
• Rail Guided Cart (RGC) System
• Puzzle System
• Shuttle System

Market, By Offering

• Hardware
• Software
• Services

Market, By Platform

• Palleted
• Non-palleted

Market, By End Use

• Residential
• Commercial

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • France
  • UK
  • Spain
  • Italy
  • Russia
  • Nordics
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • ANZ
  • Southeast Asia 
• Latin America
  • Brazil
  • Mexico
  • Argentina 
• MEA
  • UAE
  • South Africa
  • Saudi Arabia