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., 2024-30.
Key Findings of the Study: India Parking Systems Market
Global India Parking Systems Market Driver: Growing Health Awareness Among Individuals
In the present times, it is being observed that several individuals globally are suffering from diseases like obesity, heart disease, blood pressure issues, etc., owing to their bad lifestyle & eating habits. To overcome the widely increasing health issues & diseases, numerous people are inclining towards healthy habits or foods. As India Parking Systemss are high in fiber, contain less fat & carbs, and help improve the metabolism, individuals are including them in their diet, therefore increasing the India Parking Systemss demand. Also, many of the high-fine dining restaurants, cafes, and food manufacturers are introducing food items & dishes cooked or baked with plant-based ingredients, and are offering several vegan dishes to attract consumers seeking for healthy plant-based diet. Hence, owing to the growing popularity of India Parking Systems among consumers, the India Parking Systems Market is destined to drive.
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Scope of the Report and India Parking Systems Market Segmentation
By Type
-Shuttle Parking System
-Puzzle Parking System
-Rotary Parking System
-Stacker Parking System
-Automated Guided Vehicle Parking System
-Rail Guided Parking System
-Crane Parking System
-Silo Parking System
-Tower Parking System
-Others
- In the India Parking Systems Market, the puzzle parking system segment captured the major market share.
By Parking Type
-On-Street Parking
-Off-Street Parking
By Component
-Hardware
–Camera
–Motors
–Raw Steel
–Sensors
–Electrical Panels
–Electrical Boxes
–Wireless Radios
–Fire Alarms/ Audio Alarms
–LCD Display
–Others
-Software
–Parking Guidance System
–Analytics Solutions
By System
-Fully Automated System
-Semi-Automated System
By End Users
-Residential
-Commercial
–Shopping Malls
–Office Buildings
–Hospitals
–Public Car Parks
-Others
Top leading companies in the India Parking Systems Market includes:
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, Others
India Parking Systems Market Development
- 2024: Park+, the car-services platform funded by PeakXV, is putting more of an emphasis on its FASTag distribution business. Park+ is well-positioned to take advantage of the opportunity presented by Paytm’s withdrawal from the Fastag distribution category, as the company accounts for more than 25% of the 82 million Fastags in India.
- 2023: The FASTag-based smart parking option is currently available to passengers at the Varanasi airport. The FASTag-based smart parking solution offered by Park+ and Airtel Payments Bank was recently introduced at Lal Bahadur Shastri International Airport.
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Geographical analysis:
North
South
East
West
North East
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