The Automated Parking System market size is USD 2.9 Bn in 2026.
The Automated Parking System market is projected to grow at a CAGR of 11% by 2033.
The Automated Parking System market growth drivers include rising vehicle fleet size, shortage of parking spaces, smart city initiatives, and increasing adoption of automation.
Europe is the dominating region for the Automated Parking System market.
Bosch, Continental AG, DENSO Corporation, Valeo SA, and ZF Friedrichshafen AG are some leading industry players in the Automated Parking System market.