The 2024 White Paper on the Development of the Parking Industry in China, jointly published by the Tsinghua Tongheng Planning and Design Institute, the Parking Equipment Working Committee of the China Heavy Machinery Industry Association, and other esteemed institutions, highlights a concerning trend in the market for mechanical parking equipment. The report reveals a notable decline in sales and the number of newly installed mechanical parking spaces over recent years. Despite concerted efforts in policy promotion and advancements in smart parking technology, mechanical parking spaces have faced significant scrutiny from the market due to persistent design flaws and maintenance challenges.

Moreover, several cities have imposed restrictions on the utilization ratio of mechanical parking spaces in newly constructed residential buildings and shopping malls, further compounding the market difficulties. The poor user experience, coupled with developers' tendency to merely meet inspection requirements rather than prioritize user satisfaction, has exacerbated the situation. As a result, the future viability of mechanical parking spaces remains uncertain amidst these mounting challenges.