Smart Parking New Ecology: China’s Smart Garage Market Enters a Golden Development Period

1.Industry Overview

Intelligent garage refers to a modern parking facility that integrates advanced automation, informatization, and intelligence technologies to achieve functions such as automatic vehicle access, intelligent parking space allocation, and vehicle safety management. With the acceleration of urbanization and the continuous growth of car ownership, the problem of parking difficulties has become increasingly prominent. Intelligent garages, with their efficient, convenient, and safe characteristics, have become an important way to solve urban parking problems. Intelligent garage not only represents the innovation of parking technology, but also an important manifestation of the intelligence of modern urban parking management.

Industry characteristics:
Highly automated: The intelligent garage adopts advanced automation technology to achieve automated operations of vehicle access, parking space allocation, and other processes, greatly improving parking efficiency.
Intelligent management: Through an intelligent management system, vehicle information is monitored in real-time, and parking space usage can be statistically analyzed to provide convenient and safe parking services for car owners. At the same time, the intelligent management system can optimize the parking process through data analysis and improve the operational efficiency of the parking lot.
High space utilization: Smart garages usually adopt a three-dimensional parking structure, which can fully utilize space resources, effectively save land resources, and alleviate the shortage of urban land.
Energy conservation and environmental protection: Smart garages pay attention to environmental protection and energy conservation in the design and construction process, reducing energy consumption and minimizing environmental impact through energy-saving design.
Intelligent garages can be mainly divided into the following categories based on application scenarios and technical characteristics:
Intelligent parking garage for public parking lots: mainly serving urban public areas such as commercial districts, hospitals, schools, etc., with large parking capacity and efficient vehicle turnover capacity.
Commercial parking buildings: Targeting commercial complexes, shopping centers, and other areas, combined with the characteristics of commercial activities, intelligent parking solutions are provided to enhance user experience and mall attractiveness.
Intelligent parking garage in residential areas: serving residential communities, solving the problem of difficult parking for residents, and improving the quality of living.
Stereoscopic parking equipment: including various types such as vertical circulation, lifting and sliding movement, and flat movement, suitable for different sites and parking needs.
2.Market situation

Currently, China’s smart garage industry is in a stage of rapid development. The development needs of smart cities have driven the construction of smart transportation. As an important component of smart transportation, the construction of smart garages has received widespread attention and importance. The number of smart garages in China has reached a certain scale and is showing a steady growth trend. These intelligent garages not only provide more convenient and efficient parking services for urban residents, but also provide strong support for urban traffic management.
According to the “Analysis of the Current Situation and Investment Prospects of China’s Intelligent Garage Market from 2024 to 2030″ report, the development momentum of China’s intelligent garage market is strong, growing from * * billion yuan in 2014 to * * billion yuan in 2023, with a significant increase. It is predicted that from 2024 to 2030, the Chinese intelligent parking market will grow at a compound annual growth rate (CAGR) of over 15%, and by 2030, the market size is expected to reach tens of billions of yuan.
Driving factors for market size growth:
Policy support: The government’s strong promotion of urban infrastructure construction and smart city construction, as well as the policy environment encouraging the development of new energy vehicles, provide a favorable market background for the construction of intelligent three-dimensional parking lots.
Technological progress: The application of advanced technologies such as the Internet of Things, big data analysis, and artificial intelligence has significantly improved the efficiency and convenience of intelligent parking systems, attracting more users and investors’ attention.
Demand growth: The acceleration of urbanization has led to an intensification of the supply-demand contradiction in parking spaces, especially in first tier cities and densely populated areas, where the demand for intelligent three-dimensional parking lots is showing an explosive growth trend.
Industry Chain Analysis:
The structure of the intelligent garage industry chain is relatively complete, including upstream suppliers of sensors and information transmission equipment, midstream manufacturers and integrators of intelligent garage equipment, and downstream end users such as residential communities, commercial centers, public parking lots, etc.
Upstream industry: mainly composed of smart garage equipment suppliers and component suppliers, these suppliers provide necessary hardware and software support for smart garages. Hardware equipment includes intelligent barrier gates, intelligent charging stations, ETC contactless payment devices, automatic card issuing machines, geomagnetic vehicle detectors, high-definition cameras, license plate recognition cameras, etc; Software devices include cloud computing platforms, storage platforms, information processing, and data analysis.
Midstream industry: As the core of the intelligent garage industry chain, it mainly includes intelligent garage system integrators and solution providers. These enterprises integrate various intelligent garage devices to form a complete intelligent garage system and provide corresponding solutions. Midstream enterprises not only provide hardware equipment, but also are responsible for system installation, debugging, and subsequent operational services.
Downstream industries mainly include three types of users: government, parking lot operators, and car owners. The government needs smart parking solutions to optimize the allocation of urban parking resources and improve the level of urban management.


Post time: Feb-07-2025