Press release
Car Lift Plate AGV Car Parking Robot Market Poised for Robust Growth, Projected to Hit $1.76 Billion by 2029
Car Lift Plate AGV Car Parking Robot Market
The market for automated guided vehicles designed for car lift plate parking systems has grown rapidly, with projections showing an increase from $1.11 billion in 2024 to $1.224 billion in 2025, representing a 10.0% CAGR. Growth during the historical period has been shaped by rising vehicle ownership rates, a shift toward higher-density urban living, ongoing development of commercial complexes, rising labor costs, and steady advancement in smart city projects.
Forecast valuation for the Car Lift Plate AGV Car Parking Robot Market by 2029
By 2029, the market is projected to expand to $1.77 billion, progressing at a 9.6% CAGR. Factors driving this trajectory include increased adoption of electric vehicles, heightened limitations on space in metropolitan regions, growing investment in artificial intelligence and IoT technologies, stronger environmental priorities among the public, and a focused effort to reduce energy use and emissions associated with parking. Key innovations anticipated include smart city integration, EV-specific adaptations, improved safety and security functionalities, space-maximizing algorithms, and remote monitoring and management capabilities.
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Drivers influencing the Car Lift Plate AGV Car Parking Robot Market growth
Rising vehicle ownership is expected to be a major force behind the expansion of car lift plate AGV car parking robot adoption. Vehicle ownership represents the formal possession and control of a vehicle, whether by individuals, businesses, or institutions.
Growing vehicle numbers strengthening demand for automated parking technologies
Urban population growth and improved access to personal transportation have contributed to this rise, prompting households to seek convenient mobility solutions. As a result, automated parking systems-especially those that increase spatial efficiency-are gaining preference over traditional parking expansions. Car lift plate AGV robots help accommodate the rising volume of vehicles by optimizing parking capacity, improving vehicle flow, and enhancing user convenience. For example, Statistics Canada reported that 426,872 new vehicles were registered in Q1 2025-a 2.9% increase from Q1 2024-with vans experiencing the largest growth at 23.3%. This continued rise in vehicle ownership directly supports market demand for automated parking solutions.
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Trends shaping the Car Lift Plate AGV Car Parking Robot Market
Key companies in this sector are focusing on technological improvements-particularly in navigation and positional accuracy-to strengthen their competitive edge. Advanced sensing tools and cutting-edge mapping software allow AGV parking robots to maneuver vehicles precisely, enhancing safety and operational performance within parking structures.
Innovation examples driving advancement in the Car Lift Plate AGV Car Parking Robot Market
A notable example came in April 2024, when Autech Otis Parking Systems of South Korea launched a new AGV parking robot equipped with flat robotic platforms that glide beneath the vehicle. The system employs artificial intelligence to determine the best routes to available parking spaces and leverages IoT capability for full automation. This innovation enhances convenience for users and allows for more efficient parking system management.
Market segmentation for the Car Lift Plate AGV Car Parking Robot Market
The car lift plate agv car parking robot market covered in this report is segmented -
By Product Type:
Conventional Automated Guided Vehicle Parking Robots, Automated Guided Forklifts, Automated Storage And Retrieval Systems (ASRS), Hybrid Automated Guided Vehicle Systems
By Technology Type:
Infrared Navigation, Laser Navigation, Vision-Based Navigation, Magnetic Strip Navigation
By Level Of Automation:
Fully Automated Systems, Partially Automated Systems, Manual Integration With Automated Features
By Application:
Residential Parking Solutions, Commercial Parking Facilities, Industrial Warehouses, Shopping Malls And Retail Parks
By End User:
Public Infrastructure, Private Sector, Logistics And Transportation, Healthcare Facilities
Subsegments include:
Conventional AGV Parking Robots: Single-Level, Multi-Level, Semi-Automated Systems
Automated Guided Forklifts: Shuttle-Based, Crane-Based, Robot-Assisted Stacker Systems
ASRS Systems: Shuttle-Based, Crane-Based, Robot-Assisted Stacker Systems
Hybrid Systems: AGV + Conveyor, AGV + Robotic Arm, AGV + Lift Plate
Leading companies in the Car Lift Plate AGV Car Parking Robot Market
Notable market participants include Toyota Industries; Siemens AG; HYUNDAI WIA Co. Ltd.; Park Plus Inc.; Klaus Multiparking GmbH; Shenzhen Yee Fung Automation Technology Ltd.; CityLift Parking AB; Wohr Parking Systems Pvt. Ltd.; Shenzhen Weichuang Automation Equipment Co., Ltd.; Hercules Carparking Systems; MP System Co. Ltd.; Robotic Parking Systems Inc.; Swiss-Park GmbH; IPARK Robotic Parking & Elevators LLC; Smart City Robotics; Hangzhou Xizi Intelligent Co. Ltd.; Fine Automation; Hikrobot Technology Co. Ltd.; HL Mando; ShenZhen Gztoking Intelligent.
Regional opportunities for the Car Lift Plate AGV Car Parking Robot Market
North America represented the largest regional market in 2024, while Asia-Pacific is projected to be the fastest-growing region throughout the forecast period. The report covers Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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