1. Demand Side: Rigid Shortage + Expanding Scenarios

Data gap:By 2025, China’s vehicle ownership reached 465 million, with only 250 million parking spaces – a shortage of over 215 million.Parking shortages are severe in urban cores, old communities, commercial areas, hospitals, and transportation hubs; traditional surface parking has no room for expansion.

Key scenarios:

New construction: Commercial complexes, offices, hospitals, high-speed rail stations, airports require high-density automated parking (over 75% coverage in new projects in first-tier cities).

Renovation: Smart upgrades for old communities, urban areas, and curbside parking; second- and third-tier cities are major growth drivers (low penetration, large potential).

New energy integration: Smart garages + charging piles; policies require ≥30% charging facilities in new parking lots.

2、Technology iteration:AI license plate recognition, AGV robots, IoT, digital twin, unmanned management, Automated Valet Parking (AVP).

Vehicle access ≤ 90 seconds

Unmanned operation

O&M costs reduced by 30%–50%

Space utilization improved by 35%+.

Business model upgrade:Shift from “equipment sales” to construction + operation + data + value-added services (charging, car wash, maintenance, advertising, space sharing).Payback period shortened from 8–10 years to 5–7 years, attracting continuous capital inflow.

3、Key Trends

Automation + intelligence: Surface parking saturated; high-density systems (vertical lifting, AGV, aisle stacking) replace traditional puzzle parking (share down from 58%).

City-level platforms + data integration: City-wide networking, peak sharing, navigation reservation, frictionless payment; data monetization becomes new growth.

Regional divergence: First-/new first-tier cities (20%+ penetration) focus on renovation + high-end towers; lower-tier cities drive volume with standard automated systems.

Unmanned + NEV integration: Fully unmanned operation, AVP, integrated charging/parking become standard.

Smart parking is a rigid-demand sector solving urban parking shortages, land efficiency, and smart city development.It features steady short-term growth and long-term prosperity with sustained expansion potential.