Automated Parking System Market Outlook:
Automated Parking System Market size was valued at USD 3.53 billion in 2025 and is expected to reach USD 17.71 billion by 2035, registering around 17.5% CAGR during the forecast period i.e., between 2026-2035. In the year 2026, the industry size of automated parking system is evaluated at USD 4.09 billion.
The automated parking system market is expected to grow on the back of a growing number of vehicles worldwide, requiring better, space-efficient parking solutions. With better income and living standards than before, people are purchasing personal vehicles. According to European Automobile Manufacturers Association in 2023, 85.4 million motor vehicles are produced globally every year.
The growth of the market can also be ascribed to rising urbanization across the world. According to the World Bank data currently, 4.4 billion inhabitants are living in the cities. Governments all across the world are investing in providing a robust infrastructure for combating traffic congestion. The digital systems minimize human error and keep track of vehicles without human intervention.
