Multi-storey Parking Garage Market - Global Forecast 2025-2032

The multi-storey parking garage market is transforming as urbanization accelerates, land constraints intensify, and connected mobility becomes central to city infrastructure. Innovations in automation and sustainability are driving new operational standards and creating actionable opportunities for forward-thinking stakeholders.

Market Snapshot of the Multi-Storey Parking Garage Market

The multi-storey parking garage market grew from USD 2.47 billion in 2024 to USD 2.65 billion in 2025. It is expected to continue expanding at a CAGR of 7.54%, reaching USD 4.43 billion by 2032.

Scope & Segmentation

This in-depth analysis covers the evolution of multi-storey parking garage solutions validated through primary and secondary research. Segmentation is extensive and considers a variety of market perspectives:

• Structure Types: Puzzle Parking, Rotary Parking, Shuttle Parking, Silo Parking, Stacker Parking, Tower Parking
• Material Used: Composite, Concrete, Steel
• Automation Levels: Automated, Conventional, Semi Automated
• Parking Technology: Automated Payment Systems, IoT-enabled Sensors, License Plate Recognition (LPR), RFID Access Control, Surveillance & Security Systems
• Applications: Commercial, Hotels, Malls, Offices, Residential
• Regions: Americas (United States, Canada, Mexico, Brazil, Argentina, Chile, Colombia, Peru), Europe (UK, Germany, France, Russia, Italy, Spain, Netherlands, Sweden, Poland, Switzerland), Middle East (UAE, Saudi Arabia, Qatar, Turkey, Israel), Africa (South Africa, Nigeria, Egypt, Kenya), Asia-Pacific (China, India, Japan, Australia, South Korea, Indonesia, Thailand, Malaysia, Singapore, Taiwan)
• Key Companies: APCOA Group GmbH, INDIGO Group, Q-Park Holding B.V., Park24 Co., Ltd., LAZ Parking, LP, National Car Parks Limited, Wilson Parking (Holdings) Limited, ShinMaywa Industries, Ltd., Xizi United Holding Corporation, IHI Corporation, Goldbeck GmbH, Huber Parking Deutschland GmbH, Shenzhen Yee Fung Automation Technology Co., Ltd., Wohr Parking Systems Pvt. Ltd., KLAUS Multiparking GmbH, Qingdao Maoyuan Parking Equipment Manufacturing Co., Ltd., Lödige Industries GmbH, RR Parkon, Astron Buildings S.A., BRIAND Group, Bourne Group, Shandong Tada Auto Parking Co., Ltd.

Key Takeaways for Senior Decision-Makers

• The adoption of smart technologies, including IoT-based platforms and data analytics, is enabling dynamic space allocation and improving user experiences.
• Sustainability initiatives are leading to the integration of renewable energy, efficient materials, and modular designs capable of future adaptation.
• Increased regulatory attention and evolving policy frameworks are prompting operators to align development strategies with urban mobility priorities and environmental standards.
• Service differentiation is emerging as essential, with end-to-end offerings and integration with mobility ecosystems setting leading companies apart.
• Regional dynamics vary; North America leads in digital adoption, Europe pushes for greener standards, while Asia-Pacific drives underground solutions due to space shortages.

Tariff Impact on Multi-Storey Parking Garage Market

Recent United States tariffs on imported steel, aluminum, and specialized mechanical components are reshaping cost structures and driving the development of resilient supply chains. Companies are exploring domestic sourcing, hedging, and material innovation to reduce risk and maintain profitability. Such adaptive strategies have become essential for navigating regulatory changes and preserving investment returns.

Methodology & Data Sources

This report synthesizes data from a dual-phase research approach. Primary insights were gleaned from interviews with senior leaders across parking, construction, and municipal sectors. Secondary validation included industry reports and technical publications. Data triangulation and scenario modeling ensure robust and actionable findings.

Why This Report Matters for Decision-Makers

• Support capital allocation and technology investment decisions with market-proven insights and segmentation detail.
• Pinpoint operational risks and emerging opportunities from regulatory, technological, and regional influences.
• Enable strategic planning in response to shifting trade policies and evolving expectations for environmental impact.

Conclusion

The multi-storey parking garage market is at the intersection of urban growth, digital transformation, and sustainability requirements. Executives equipped with this research can align investments with evolving infrastructure needs and achieve long-term readiness amid ongoing market change.