Global Vertical Rotary Parking System Market Growth 2025-2031

The global Vertical Rotary Parking System market size is predicted to grow from US$ 1925 million in 2025 to US$ 2486 million in 2031; it is expected to grow at a CAGR of 4.4% from 2025 to 2031.

The vertical rotary parking system market is expected to witness significant growth in the coming years. This can be attributed to the increasing urbanization and the growing need for efficient parking solutions in crowded cities. Major sales regions for vertical rotary parking systems include North America, Europe, Asia Pacific, and the Middle East and Africa. North America and Europe are expected to dominate the market due to the presence of developed economies and the high adoption rate of advanced parking technologies. Asia Pacific is also expected to witness substantial growth due to rapid urbanization and the increasing number of vehicles in countries like China and India. The market concentration of vertical rotary parking systems is relatively high, with a few key players dominating the market. These players have a strong presence in multiple regions and offer a wide range of products to cater to different customer needs. However, the market is also witnessing the entry of new players, which is expected to increase competition in the coming years. Market opportunities for vertical rotary parking systems lie in the development of smart cities and the increasing adoption of electric vehicles. Smart cities require advanced parking solutions to optimize space utilization and reduce traffic congestion. Vertical rotary parking systems can play a crucial role in achieving these objectives. Additionally, the growing popularity of electric vehicles is expected to drive the demand for vertical rotary parking systems, as they can provide efficient charging infrastructure. However, the vertical rotary parking system market also faces certain challenges. One of the major challenges is the high initial cost of installation and maintenance. Vertical rotary parking systems require significant investment, which can deter potential buyers. Additionally, the limited availability of suitable parking spaces and the need for proper infrastructure can also hinder market growth. In conclusion, the vertical rotary parking system market is expected to witness significant growth in the coming years, driven by factors such as urbanization, the need for efficient parking solutions, and the development of smart cities. However, challenges such as high costs and limited infrastructure need to be addressed to fully realize the market"s potential.

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

This Insight Report provides a comprehensive analysis of the global Vertical Rotary Parking System 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 Vertical Rotary Parking System portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Vertical Rotary Parking System market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Vertical Rotary Parking System 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 Vertical Rotary Parking System.

This report presents a comprehensive overview, market shares, and growth opportunities of Vertical Rotary Parking System market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Semi-automatic Vertical Rotary Parking System
Fully Automatic Vertical Rotary Parking System

Segmentation by Application:
Commercial Parking Lots
Residential Parking Lots
Public Parking Lots

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.
Parklayer
Boseong 3M
Rotary Parking
Europark
Nexstep
BL Smart Parking
Dayang Parking
Parkmatic
SAWA Parking Systems
Agustin
TADA AUTO PARKING
Weihua Group
Newturn Automation
Nandan
E Star Engineers
Asia Parking Technology
DONGYANG ADVANCED PARKING
Tedra

Key Questions Addressed in this Report

What is the 10-year outlook for the global Vertical Rotary Parking System market?

What factors are driving Vertical Rotary Parking System market growth, globally and by region?

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

How do Vertical Rotary Parking System market opportunities vary by end market size?

How does Vertical Rotary Parking System break out by Type, by Application?

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