Automated Valet Parking Market Share and Trends, Import & Export Analysis

Automated Valet Parking Market Dynamics, Competitive Forces & Strategic Pathways

The automated valet parking market size is forecast to grow from USD 5.17 billion in 2025 to USD 37.86 billion by 2034, driven by a CAGR of 24.77% from 2025 to 2034.

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Introduction

The automated valet parking market is a crucial sector of the automotive industry. This industry deals in manufacturing and distribution of automated systems for parking automotives in garages or parking lots. There are different types of valet parking systems available in the market comprising of automated parking systems, semi-automated parking systems and fully automated parking systems. These parking systems are managed using different technologies including sensing technology, control technology, communication technology and some others. The rapid urbanization in various parts of the world has increased the demand for these parking systems, thereby fostering the industrial expansion. This market is expected to rise significantly with the growth of the automotive equipment sector.

• According to the worldometers, around 58% people of the world live in urban areas and only 42% lives in rural areas in 2024.

Highlights of the Automated Valet Parking Market

• North America held the largest share of the automated valet parking market due to the rising adopting of automated parking systems in U.S. and Canada.
• Asia Pacific is expected to grow with a significant CAGR due to the growing sales of vehicles along with rapid traffic congestion in China and India.
• The cloud-based software segment held a significant share of the market due to the growing adoption cloud applications across the world.
• The residential segment led the industry due to the increasing adoption of smart home technologies along with consumer preference for enhanced parking solutions.

Trends in Valet Parking Industry

• According to the Traffic Index Organization, the average TCI of Paris in 2025 is 41.01 TCI and the maximum TCI reached 90.49.
• According to the Our World in Data, around 4.61 billion people of the world lived in urban areas during 2023.
• According to the UN Department of Economic and Social Affairs, around 68% of the world population is predicted to live in urban areas by the year 2050.
• According to the UNFPA, around 5 billion people of the world are expected to live in urban areas during 2030.

Industry Leader Announcement

In January 2024, Manuel Maier, the vice president of the cross-domain Level 4 parking product area at Bosch announced that,” Making it straightforward to recharge electric vehicles allays people’s misgivings about range, and is essential if electromobility is to find widespread acceptance. With this in mind, Bosch and Cariad can make parking and charging even more efficient and convenient.”

Competitive Landscape

The automated valet parking market is a developing industry with the presence of several dominant players. Some of the crucial players in this industry consists of General Motors, Volkswagen, Robert Bosch, Toyota, Aisin Seiki, ZF Friedrichshafen and some others. These companies are constantly engaged in research and development of automated parking systems for automotives along with adopting various strategies to sustain in this competitive industry.

• According to the annual report of Robert Bosch, the revenue of mobility solutions segment in 2022 was 52477 million euros in 2022 that increased to 56171 million euros in 2023.

Market Segmentation

By Technology

• Sensing Technology
• Control Technology
• Communication Technology

By Type

• Automated Parking Systems
• Semi-Automated Parking Systems
• Fully Automated Parking Systems

By End User

• Residential
• Commercial
• Public

By Software Type

• Cloud-Based Software
• On-Premises Software

By Regional

• North America
• Europe
• South America
• Asia Pacific
• Middle East and Africa