Global Multi-storey Parking Lot Market Growth 2025-2031

The global Multi-storey Parking Lot market size is predicted to grow from US$ 2484 million in 2025 to US$ 3222 million in 2031; it is expected to grow at a CAGR of 4.4% from 2025 to 2031.

Multi-storey parking lot refers to a new type of parking that uses space resources to park vehicles in a three-dimensional manner, saves land and maximizes utilization. The biggest advantage is that it can make full use of urban space, known as the "energy saver" of urban space. The three-dimensional parking lot mainly uses a set of mechanical automatic lifting parking equipment, which is divided into several rows. The driver parks the vehicle on the steel plate, and the machine automatically lifts the vehicle to the appropriate level, and then moves the vehicle and the steel plate to the level. When picking up the car, the car owner only needs to hand over the card to the staff, and the staff presses the card position of the car on the device, and then presses start. The car will automatically drop to the ground.

Multi-storey parking lots have emerged as a vital solution to address the increasing demand for parking in densely populated urban areas. These structures efficiently utilize vertical space, allowing for a significant increase in parking capacity per unit of land. As cities continue to expand and space becomes more limited, multi-storey parking lots offer an effective way to mitigate parking shortages, particularly in commercial and residential areas.

From a regional development perspective, multi-storey parking lots are most prevalent in urban centers of Asia, particularly in countries like China, Japan, and South Korea, where rapid urbanization and high population densities have driven the need for space-saving parking solutions. These countries have led the way in implementing multi-storey parking facilities. Meanwhile, Europe and North America are increasingly adopting such parking structures due to urban space constraints and rising environmental concerns. In emerging markets such as Southeast Asia, the Middle East, and Latin America, growing urbanization and infrastructure development are creating a rising demand for multi-storey parking solutions to cope with expanding vehicle ownership.

Classification of multi-storey parking lots typically includes automated parking systems and semi-automated designs. Fully automated parking systems are gaining momentum, offering advanced technologies that allow for more precise, automated vehicle handling, which maximizes space utilization and minimizes human intervention.

As for application trends, multi-storey parking lots are increasingly being integrated into mixed-use developments, commercial complexes, office buildings, and transportation hubs like airports and train stations. These facilities are essential in regions where land is expensive, and the need to balance parking with green spaces and public infrastructure is growing. With the advent of smart city technologies, multi-storey parking systems are also being enhanced with automation and IoT (Internet of Things) connectivity, allowing for real-time monitoring, space management, and energy-efficient operations. Future development is expected to focus on the integration of sustainability features, such as solar energy systems and electric vehicle charging stations, aligning with global trends in green urban planning and smart infrastructure.

LP Information, Inc. (LPI) ' newest research report, the “Multi-storey Parking Lot Industry Forecast” looks at past sales and reviews total world Multi-storey Parking Lot sales in 2024, providing a comprehensive analysis by region and market sector of projected Multi-storey Parking Lot sales for 2025 through 2031. With Multi-storey Parking Lot sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Multi-storey Parking Lot industry.

This Insight Report provides a comprehensive analysis of the global Multi-storey Parking Lot landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Multi-storey Parking Lot portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Multi-storey Parking Lot market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Multi-storey Parking Lot and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Multi-storey Parking Lot.

This report presents a comprehensive overview, market shares, and growth opportunities of Multi-storey Parking Lot market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Semi-automatic Type
Fully-automatic Type

Segmentation by Application:
Residential
Public
Business

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
IHI Parking System
Wuyang Parking
Dayang Parking
XIZI Parking System
Yeefung Industry Equipment
Klaus Multiparking
ShinMaywa
Tongbao Parking Equipment
Wohr
Groupe Briand
Maoyuan Parking Equipment
AJ Automated Parking Systems
Huaxing Intelligent Parking
Wipro PARI
HUBER
Mitsubishi Heavy Industries
Nissei Build Kogyo
RR Parkon
CIMCIOT
Goldbeck
Sampu Garage
Tada
Bourne Group

Key Questions Addressed in this Report

What is the 10-year outlook for the global Multi-storey Parking Lot market?

What factors are driving Multi-storey Parking Lot market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Multi-storey Parking Lot market opportunities vary by end market size?

How does Multi-storey Parking Lot break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.