Automated Parking Management Systems Market Report 2024 (Global Edition)

Global Automated Parking Management Systems Market Report 2024 Market Size Split by Component (Hardware, Software), by Platform Type (Palleted, Non-palleted), by Automation Level (Fully Automated, Sem...

Automated Parking Management Systems Market Report Description

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Automated Parking Management Systems Market Insights Video

Competitive Landscape of the Automated Parking Management Systems Market

The major players in the automated parking management systems industry employ a wide range of tactics to maintain and grow their share of the global market. These include mergers and acquisitions, partnerships, collaboration, joint ventures, production process innovations, product line expansions, and improvements to existing products. They also seek out new customers in the endless automated parking management systems market worldwide.

June 2024: SWARCO launched a bicycle project that led us to travel from Lesce, Slovenia, to Perchtoldsdorf, Austria. The adventure was about more than simply getting there; it was also important to develop colleagues, make lifelong experiences, and use environmentally friendly modes of transport to get to a session at SWARCO's "Futurit" innovation center. (Source: https://www.swarco.com/stories/team-swarcos-green-ride-uniting-wellness) April 2024: IBM Consulting and Microsoft launched their first joint venture, the IBM-Microsoft Experience Zone, in the Indian city of Bangalore. In the Experience Zone, clients can learn more about how Microsoft's products and technologies, such as hybrid cloud and generative AI, can aid in their business transformation efforts and provide them with a competitive edge. (Source: https://in.newsroom.ibm.com/2024-04-04-IBM-Microsoft-Experience-Zone-launch) May 2024: Siemens and NVIDIA will continue to work together to construct the industrial metaverse, as the company said. An uptick in the implementation of digital twins driven by artificial intelligence is being spurred by Siemens' addition of immersive visualization to the Siemens Xcelerator platform, which is made possible by the new NVIDIA Omniverse Cloud APIs. While showcasing how sustainable shipbuilder HD Hyundai can utilize generative AI to produce new products, Siemens and NVIDIA showed how generative AI can transform the display of complicated data, enabling photorealism, at the NVIDIA GTC. (Source: https://press.siemens.com/global/en/pressrelease/siemens-and-nvidia-expand-collaboration-generative-ai-immersive-real-time)

Top Companies Market Share in Automated Parking Management Systems Industry: (In no particular order of Rank)

• T2 Systems
• Unitronics 1989 RG Ltd
• Westfalia Technologies Inc
• Xerox Corporation
• KLAUS Multiparking GmbH
• Amano Corporation
• Robotic Parking Systems
• Inc.
• Fehr Lagerlogistik AG
• Siemens AG
• Streetline
• Inc
• FATA Automation
• SWARCO AG
• IBM Corporation
• SKIDATA GmbH
• Flowbird Group
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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Regional Analysis of the Automated Parking Management Systems Market

Which Region Dominates the Automated Parking Management Systems Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024. It accounted for around 40% of the global revenue to federal efforts to create innovative cities, the rise in automobiles, the decline in the availability of parking, and the focus on customer satisfaction. Because of the emphasis on creating environmentally conscious towns and a rising implementation rate of innovative parking administration systems, the North American area is extensively adopting digital technology.

Which Region is Expanding at the Fastest CAGR?

Asia Pacific stands out as the fastest-growing region in the automated parking management systems market because of the extensive amount of parking automobiles by motorists and the vast populace. Since many of the cities in this area are at capacity for accessibility, innovative city and architectural strategies are being implemented. This element further accelerates the expansion of the market in this area.

The current report Scope analyzes Automated Parking Management Systems Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!

North America Automated Parking Management Systems

According to Cognitive Market Research, the global automated parking management systems market size was estimated at USD 2015.5 Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD 806.20 million in 2024 and will grow at a compound annual growth rate (CAGR) of 16.2% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the automated parking management systems market with a market size of USD 636.09million in 2024 and is projected to grow at a CAGR of 16.0% during the forecast period. The nation's increasing investment in infrastructure.
• The Canada automated parking management systems market had a market share of USD 96.74 million in 2024 and is projected to grow at a CAGR of 17.0% during the forecast period. Canada's rise is due to the nation's rapid expansion in the healthcare industry.
• The Mexico automated parking management systems market is projected to witness growth at a CAGR of 16.7% during the forecast period, with a market size of USD 73.36 million in 2024.

Europe Automated Parking Management Systems

According to Cognitive Market Research, the global automated parking management systems market size was estimated at USD 2015.5 Million, out of which Europe held the market of more than 30% of the global revenue with a market size of USD 604.65 million in 2024 and will grow at a compound annual growth rate (CAGR) of 16.5% from 2024 to 2031.

• The United Kingdom automated parking management systems market had a market share of USD 101.58 million in 2024 and is projected to grow at a CAGR of 17.3% during the forecast period. In the UK, automated parking management systems sales witness an upswing due to the nation's rising demand for innovative technology.
• The France automated parking management systems market is projected to witness growth at a CAGR of 15.7% during the forecast period, with a market size of USD 55.63 million in 2024.
• According to Cognitive Market Research, the German automated parking management systems market size was valued at USD 119.72 million in 2024 and is projected to grow at a CAGR of 16.7% during the forecast period. In Germany, Automated parking management systems surged due to the presence of major market players.
• The Italy automated parking management systems market is projected to witness growth at a CAGR of 15.9% during the forecast period, with a market size of USD 52.00 million in 2024.
• The Russia automated parking management systems market is projected to witness growth at a CAGR of 15.5% during the forecast period, with a market size of USD 93.72 million in 2024.
• The Spain automated parking management systems market is projected to witness growth at a CAGR of 15.6% during the forecast period with a market size of USD 49.58 million in 2024
• The Luxembourg automated parking management systems market is projected to witness growth at a CAGR of 16.6% during the forecast period, with a market size of USD 18.74 million in 2024.
• The Portugal automated parking management systems market is projected to witness growth at a CAGR of 16.3% during the forecast period, with a market size of USD 12.70 million in 2024.
• The Greece automated parking management systems market is projected to witness growth at a CAGR of 16.8% during the forecast period, with a market size of USD 7.26 million in 2024.
• Rest of Europe's automated parking management systems market is projected to witness growth at a CAGR of 15.2% during the forecast period, with a market size of USD 93.72 million in 2024.

Asia Pacific Automated Parking Management Systems

According to Cognitive Market Research, the global automated parking management systems market size was estimated at USD 2015.5 Million, out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 463.57 million in 2024 and will grow at a compound annual growth rate (CAGR) of 20.0% from 2024 to 2031.

• According to Cognitive Market Research, the China automated parking management systems market size was valued at USD 208.60 million in 2024 and is projected to grow at a CAGR of 19.5% during the forecast period Automated parking management systems surged in China due to the adoption of various technologies.
• The Japan automated parking management systems market is projected to witness growth at a CAGR of 18.5% during the forecast period, with a market size of USD 63.97 million in 2024.
• The India automated parking management systems market had a market share of USD 55.63 million in 2024 and is projected to grow at a CAGR of 21.8% during the forecast period. India's supportive initiatives taken by the government.
• The South Korean automated parking management systems market is projected to witness growth at a CAGR of 19.1% during the forecast period, with a market size of USD 46.36 million in 2024.
• The Australian automated parking management systems market is projected to witness growth at a CAGR of 19.7% during the forecast period, with a market size of USD 24.11 million in 2024.
• The South East Asia automated parking management systems market is projected to witness growth at a CAGR of 21.0% during the forecast period, with a market size of USD 31.99 million in 2024.
• The Rest of Asia Pacific automated parking management systems market is projected to witness growth at a CAGR of 19.8% during the forecast period, with a market size of USD 32.91 million in 2024.

South America Automated Parking Management Systems

According to Cognitive Market Research, the global automated parking management systems market size was estimated at USD 2015.5 Million, out of which the Latin America market has more than 5% of the global revenue with a market size of USD 100.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 17.4% from 2024 to 2031. .

• According to Cognitive Market Research, the Brazil automated parking management systems market size was valued at USD 43.13 million in 2024 and is projected to grow at a CAGR of 18.0% during the forecast period. Automated parking management systems flourished in Brazil due to the innovation in customer habitats.
• Argentina's automated parking management systems market had a market share of USD 16.93 million in 2024 and is projected to grow at a CAGR of 18.3% during the forecast period. Argentina's technological advancements augment the demand.
• Colombia automated parking management systems market is projected to witness growth at a CAGR of 17.2% during the forecast period, with a market size of USD 8.97 million in 2024.
• Peru automated parking management systems market is projected to witness growth at a CAGR of 17.6% during the forecast period, with a market size of USD 8.26 million in 2024.
• Chile automated parking management systems market is projected to witness growth at a CAGR of 17.7% during the forecast period, with a market size of USD 7.26 million in 2024.
• The Rest of Latin America's automated parking management systems market is projected to witness growth at a CAGR of 16.5% during the forecast period, with a market size of USD 16.22 million in 2024.

Middle East and Africa Automated Parking Management Systems

According to Cognitive Market Research, the global automated parking management systems market size was estimated at USD 2015.5 Million, out of which the Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 40.31 million in 2024 and will grow at a compound annual growth rate (CAGR) of 17.7% from 2024 to 2031..

• The GCC Countries automated parking management systems market is projected to witness growth at a CAGR of 18.5% during the forecast period, with a market size of USD 17.25 million in 2024 automated parking management systems sales flourish due to the presence of major market players.
• The Egypt automated parking management systems market is projected to witness growth at a CAGR of 18.0% during the forecast period, with a market size of USD 4.23 million in 2024.
• The South Africa automated parking management systems market is projected to witness growth at a CAGR of 18.7% during the forecast period, with a market size of USD 6.37 million in 2024. Automated parking management systems sales flourish in South Africa due to technological advancements, and regulatory support.
• The Turkey automated parking management systems market is projected to witness growth at a CAGR of 17.2% during the forecast period, with a market size of USD 3.47 million in 2024.
• The Nigeria automated parking management systems market is projected to witness growth at a CAGR of 16.8% during the forecast period, with a market size of USD 4.23 million in 2024.
• The Rest of MEA automated parking management systems market is projected to witness growth at a CAGR of 16.27 during the forecast period, with a market size of USD 4.76 million in 2024.

Automated Parking Management Systems Market Analysis

Automated Parking Management Systems Market Component Segment Analysis

According to Cognitive Market Research, hardware stands out as the dominant category over the projected period because of the rapidly rising need for construction initiatives in underdeveloped nations. Adaptable containers, motors, components, and mechanical belts are among the important hardware parts of automated parking structures that are included in the hardware sector. Another thing driving the growth of this market is the installation of charging facilities for electric cars in parking areas. The installation of hardware elements to maintain the smooth operation of the automatic and semi-automatic parking facilities will expand due to the increasing availability of parking spaces in businesses.

Software emerges as the fastest-growing category in the automated parking management systems market. The increasing need for integrated and driverless automobiles has pushed manufacturers to create cutting-edge parking systems. Software is essential to system functioning since it directs, coordinates, and manages actions pertaining to parking and removing automobiles. Throughout the projected period, this aspect will further drive the popularity of the software category. Manufacturers are creating clever fixes to guarantee straightforward parking.

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Automated Parking Management Systems Market Platform Type Segment Analysis

According to Cognitive Market Research, the dominant category is palleted because these parking choices have a greater parking capacity than standard parking structures, provide automobile safety, and enhance the cityscape. It is anticipated that they will grow in the years ahead. Because not necessitating modifications to car sizes, these techniques simplify transportation networks.

The fastest-growing category in the automated parking management systems market is non-palleted because the non-palleted flexibility is more efficient because it makes use of improvements and robotics. With the palletized kind that demands multiple systems, it just needs a single platform to manage vehicles. The non-palleted variety can save time by requiring a shorter handling duration.

The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Automated Parking Management Systems market report 2024 Edition by contacting our team.

Automated Parking Management Systems Automation Level Segment Analysis

Automated Parking Management Systems Market Automation Level Segment Analysis

According to Cognitive Market Research, the dominant category is fully automated due to the advantages of increased safety, reduced emissions, great capacity, and effective management. Because of the substantial population density and quick development in emerging economies, there is an increasing need for fully automated parking systems. With completely automated traditional ramps, advances in technology enable the management of parking requirements. Mobility executives, significant cities, and institutions are adopting innovative parking technologies and vehicle analysis. It is projected that each of these elements will fuel the completely automated segment's expansion.

The fastest-growing category in the automated parking management systems market is semi-automated. Semi-automatic systems are used in a wide range of multi-use developments, households, and business settings. These solutions are inexpensive to establish and simple to operate. Raising and moving the pallet containing the car for parking is the foundation of the building. These systems are typically used when parking a restricted number of cars in a designated area. Moreover, the primary forces behind the sector's expansion include growing industrialization and growing financial resources.

• Fully Automated
• Semi-automated

Automated Parking Management Systems Design Model Segment Analysis

Automated Parking Management Systems Market Design Model Segment Analysis

According to Cognitive Market Research, the dominant category is hydraulic because of the substantial need for hydraulic devices generated by the expansion of building activities. Mechanical and electrical devices are more inefficient than hydraulic ones when it comes to transferring electricity over extended distances with low explosions or movement. These qualities render them perfect for use when transferring energy over large distances or rapidly and precisely is required.

The fastest-growing category in the automated parking management systems market is electro-mechanical because of the complete authority over the whole motion profile with conventional control techniques. Important parts of the electronic and electrical equipment in spaceships and airplanes are electromechanical devices. They manage vital systems, including aircraft management, interaction, and transportation. Changes in humidity are less likely to affect electro-mechanical methods.

• Hydraulic
• Electro-mechanical

Automated Parking Management Systems Parking Level Segment Analysis

Automated Parking Management Systems Market Parking Level Segment Analysis

According to Cognitive Market Research, the dominant category is Level 5 - Level 10 due to parking facilities, with levels 5 through 10 being a great option for contemporary cities since they provide a number of advantages. They serve a crucial part in modern urbanization by optimizing land efficacy, lowering traffic, improving safety, and promoting ecological and fiscal sustainability.

The fastest-growing category in the automated parking management systems market is less than Level 5 because motorists can park more easily while using less than Level 5 reversing instead of to simultaneous parking. Automobile performances can be decreased by narrowing intersections, particularly when items are moved more closely to the exterior cutting-edge of the channels.

• Less than Level 5
• Level 5 - Level 10
• More than Level 15

Automated Parking Management Systems End-Use Segment Analysis

Automated Parking Management Systems Market End-Use Segment Analysis

According to Cognitive Market Research, the dominant category is commercial because the need for automobile parking in businesses and supermarkets has increased due to the ongoing rise in the number of automobiles on roadways. Furthermore, the sectional expansion will be fueled by higher government and business involvement in commercial space-focused infrastructure improvement.

The fastest-growing category in the automated parking management systems market is residential because of the increasing number of residential structures and the implementation of cutting-edge facilities worldwide. The mainstay of the market growth for this industry is the rising quantity of premium construction constructions in urban areas. Furthermore, the growing need for straight parking in residential areas of cities that are getting smaller, as well as increasing levels of disposable revenue, are propelling the development of the segment.

• Hydraulic
• Electro-mechanical

Author's Detail

Kalyani Raje

Senior Research Analyst at Cognitive Market Research

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An optimistic Senior Research Analyst with years of experience in competitive assessment and business consulting. A seasoned professional and subject-matter expert (SME) in the Automobile & Transportation vertical.

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