The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), India Parking Systems Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape. The research company provides an extensive range of strategic reports on diverse industry verticals to substantial and varied client bases, including multinational corporations, financial institutions, governments, and individuals, among others.
India Parking Systems Industry Analytical Overview (2025-2030): Drivers, Opportunities, Challenges, and Trends,
According to the latest report, India Parking Systems Market size was valued at around USD 655.21 million in 2023 and is projected to reach around USD 832.05 million by 2030. Along with this, the market is estimated to grow at a CAGR of around 3.6% during the forecast period, i.e., 2025-30. The report significantly addressed considerable changes, gap analyses, and competitive studies using qualitative and quantitative data. These include the widespread segmentation, geography, and recent developments, entailing information on the fluctuation in the demand, sales, revenue, and other parameters experienced and expected in the industry for the forecasting year i.e. 2025 to 2030.
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What is Included in India Parking Systems Market Segmentation?
The report has segmented the market into the following categories:
By Type
- Shuttle Parking System- Market Size & Forecast 2020-2030, USD Million
- Puzzle Parking System- Market Size & Forecast 2020-2030, USD Million
- Rotary Parking System- Market Size & Forecast 2020-2030, USD Million
- Stacker Parking System- Market Size & Forecast 2020-2030, USD Million
- Automated Guided Vehicle Parking System- Market Size & Forecast 2020-2030, USD Million
- Rail Guided Parking System- Market Size & Forecast 2020-2030, USD Million
- Crane Parking System- Market Size & Forecast 2020-2030, USD Million
- Silo Parking System- Market Size & Forecast 2020-2030, USD Million
- Tower Parking System- Market Size & Forecast 2020-2030, USD Million
- Others- Market Size & Forecast 2020-2030, USD Million
In the India Parking Systems Market, the puzzle parking system segment captured the major market share. The severe space limitations and high demand for parking in densely populated metropolitan areas are addressed by this creative approach. Puzzle parking systems often referred to as multi-level automated parking systems, combine horizontal and vertical movement to optimize the number of vehicles that can fit into a given space. Because they can effectively use limited space, eliminate the need for big parking structures, and provide a pleasant and automated parking experience, these systems are very popular in India.
By Parking Type
- On-Street Parking- Market Size & Forecast 2020-2030, USD Million
- Off-Street Parking- Market Size & Forecast 2020-2030, USD Million
By Component
- Hardware- Market Size & Forecast 2020-2030, USD Million
- Camera- Market Size & Forecast 2020-2030, USD Million
- Motors- Market Size & Forecast 2020-2030, USD Million
- Raw Steel- Market Size & Forecast 2020-2030, USD Million
- Sensors- Market Size & Forecast 2020-2030, USD Million
- Electrical Panels- Market Size & Forecast 2020-2030, USD Million
- Electrical Boxes- Market Size & Forecast 2020-2030, USD Million
- Wireless Radios- Market Size & Forecast 2020-2030, USD Million
- Fire Alarms/ Audio Alarms- Market Size & Forecast 2020-2030, USD Million
- LCD Display- Market Size & Forecast 2020-2030, USD Million
- Others- Market Size & Forecast 2020-2030, USD Million
- Software
- Parking Guidance System- Market Size & Forecast 2020-2030, USD Million
- Analytics Solutions- Market Size & Forecast 2020-2030, USD Million
By System
- Fully Automated System- Market Size & Forecast 2020-2030, USD Million
- Semi-Automated System- Market Size & Forecast 2020-2030, USD Million
By End Users
- Residential- Market Size & Forecast 2020-2030, USD Million
- Commercial- Market Size & Forecast 2020-2030, USD Million
- Shopping Malls- Market Size & Forecast 2020-2030, USD Million
- Office Buildings- Market Size & Forecast 2020-2030, USD Million
- Hospitals- Market Size & Forecast 2020-2030, USD Million
- Public Car Parks- Market Size & Forecast 2020-2030, USD Million
- Others- Market Size & Forecast 2020-2030, USD Million
By Region
- North
- South
- East
- West
- North East
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Key Factor Driver India Parking Systems Industry Growth by 2030
Population Growth & Rapid Urbanization Driving Market Growth – The growing population and rapid urbanization are the key elements thrusting the growth of the Parking Systems Market in India. India's cities are developing and attracting more individuals, which has augmented the demand for well-planned and powerful parking solutions. Increasing urban populations results in a higher number of vehicles, which exacerbates traffic congestion and makes it difficult for individuals to discover appropriate parking spots. As a result, there may be an increasing demand for parking systems in the country which requires the development and deployment of state-of-the-art technologies in the parking systems to successfully make use of the limited available parking spaces.
Who are the Key Players Operating in the India Parking Systems Industry?
The top companies of the India Parking Systems market ruling the industry are:
- Park+
- RR Parkon
- KLAUS Multiparking
- i-stron Car Parking Systems
- Parklayer Private Limited
- Wohr Parking System Pvt. Ltd.
- Get My Parking
- Secure Parking
- Honesty Automation Private Limited
- Expert Parking Systems
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FAQs (Frequently Ask Questions)
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