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Automated Parking System Market Share

Report ID: GMI7694
Published Date: Dec 2023
Report Format: PDF

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Automated Parking System Market Share

IHI Corporation and MHE Demag (S) Pte Ltd dominate the automated parking system industry. Major companies in the industry strengthen their presence through strategic initiatives like technological innovation, partnerships, and market expansions. By investing in research and development, collaborating with key industry players, and expanding their geographical footprint, these companies aim to stay competitive and capture emerging opportunities in the evolving market.

Automated Parking System Market Companies

Major companies operating in the automated parking system industry are:

IHI Corporation
MHE Demag (S) Pte Ltd
Park Assist
Westfalia Parking
Lodgie Industries
Unitronics Corporation
Robotic Parking Systems, Inc.
Fata Automation
Wohr Parking System Pvt. Ltd.
Parkmatic

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of automated parking system USD 2 billion in 2023 and is set to witness 16.5% CAGR between 2024 and 2032, due to the accelerating rate of urbanization and space constraints.

The commercial segment accounted for a market share of around 70% in 2023, propelled by the need for efficient space utilization, enhanced user experience, and a commitment to sustainable, smart infrastructure.

Europe market share was around 35% in 2023, owing to the increasing urbanization, limited parking space, and a commitment to environmental sustainability.

IHI Corporation, MHE Demag (S) Pte Ltd, Park Assist, Westfalia Parking, Lodgie Industries, Unitronics Corporation, Robotic Parking Systems, Inc., Fata Automation, Wohr Parking System Pvt. Ltd., and Parkmatic.