China Market Report on Mechanical Parking Machines 1ST Q 2024

Market share report of mechanical parking machines

In the first quarter, the procurement of complete mechanical parking machines was mainly concentrated in four markets: office, hospital, residential, and municipal public.

The occupancy rate of mechanical parking equipment for office projects is 27.8%. The market share of the hospital mechanical parking equipment project is 24.7%. The occupancy rate of residential mechanical parking equipment projects is 23.5%. The market share of municipal public mechanical parking equipment projects is 16%.

Market share of mechanical parking machines

The office project is built for government agencies, enterprises, institutions, commercial office buildings, and industrial parks. The proportion of developers in office building parking system projects is 48.9%. The proportion of the industrial park management committee is 22.2%. The market share of government agency projects is 13.3%. The proportion of public institutions is 8.9%, while state-owned enterprises such as banks and power companies account for 6.7%.

The bidding projects for mechanical parking machines in the first quarter, Guangdong, Zhejiang, and Jiangsu are the top three provinces for constructing mechanical parking garages. The top four parking projects in urban construction are Shanghai, Guangzhou, Beijing, and Nanjing.

Distribution of types of mechanical parking machines

Among all product types, the proportion of puzzle parking systems is 63.8%. The market share of car stacker parking products is 10.5%. The proportion of vertical rotary parking system classes is 8.6%. The market share of automated parking systems is 11%. The proportion of other device types is 5.7%. Since 2024, the proportion of vertical circulation projects has increased. Many projects require the construction of SUV parking spaces.

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