Mechanical parking equipment is a general term for transporting and parking automobile equipment in mechanical garages. In recent years, the difficulty of parking has appeared in cities around the world, and mechanical parking equipment has been favored by the government for its small footprint, convenient construction, and efficient operation. According to different product structures, mechanical parking equipment can be divided into lifting and lateral moving, plane moving, simple lifting, vertical lifting, roadway stacking, vertical circulation, multilayer circulation, horizontal circulation Vertical lifting class. Among them, lifting and translation mechanical parking equipment is the most mature product in the three-dimensional garage. Because of its many types and strong site adaptability, it is most commonly used.

In terms of the types of buildings to be built, residential quarters accounted for the highest proportion. In terms of the types of customers using mechanical parking equipment, residential customers accounted for the highest proportion, followed by public supporting customers and unit-owned customers. As car ownership continues to grow, so does the demand for parking facilities. According to HJ Research forecast, in 2018, China's national parking space demanded nearly 300 million. With the further increase in car ownership, the demand for parking spaces may reach 330 million by 2019. In the next few years, the market size of mechanical parking equipment will continue to increase at a rate of about 20%.

At present, the market structure of the parking industry is dominated by three major categories: smart parking equipment vendors, parking solution providers, and Internet parking operators. Key players in global mechanical parking equipment market include: XIZI Parking System, Wuyang Parking, TOPP, Northcom Group, Beijing Aerospace Credition Sci-Tech, CIMC etc.