India Parking Systems Market Valued at USD 655.21 MILLION IN 2023, Growing at an 3.6% CAGR – Exclusive Report by MarkNtel Advisors
India Parking Systems Market
Market Insights and Analysis: India Parking Systems Market Overview and Projections (2024-2030)
The 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.
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
Industry Recent 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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Report Segmentation:
The market is categorized into the following segments in the report:
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
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India Parking Systems Market Geographic Reach:
The Geographic Reach of the India Parking Systems Market evaluates the spread and significance of India Parking Systems market consumption across different regions/country, emphasizing areas with the largest market size and the most promising growth potential.
- North
- South
- East
- West
- North East
Note: If you require specific information not covered in the current report, we can provide it through customized option
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