Autech‑Otis, a company well known for its mechanical parking systems, was founded in 2016 through a joint venture with Otis Elevator Company, the global elevator manufacturer. Drawing on more than 40 years of technology and design expertise, the company has been at the forefront of South Korea’s mechanical parking industry, creating innovative and safer parking solutions.
Recently, Autech‑Otis launched its next‑generation chess‑type (XY) parking system for overseas markets, drawing strong attention from urban building developers. The system’s innovative design enables vehicles to move in both horizontal as well as vertical directions, making the most of even small parking spaces.
Strong demand is expected in global megacities where urban density is high and land is limited. Using this technology, Autech‑Otis is now rapidly expanding into emerging markets such as the Middle East, Southeast Asia, and Europe.
The design, optimized for major overseas cities, is also noteworthy. The XY system shows a compact structure and a high‑performance control system, enabling efficient use of limited underground and above‑ground space in urban areas. It’s flexible enough for large commercial districts, mixed‑use buildings, airports, and smart‑city infrastructure.
As per Coherent Market Insights, the Smart Parking Systems Market will grow at a 20.6% compound annual growth rate (CAGR) from 2025 to 2032, from USD 11,432.0 Mn in 2025 to around USD 42,319.9 Mn by 2032. A major factor driving the growth of the market is the expansion of urban areas with an increase in ownership of automobiles.
A major factor driving the growth of the market is the expansion of urban areas with an increase in ownership of automobiles.
An Autech-Otis representative stated, "Demand for next-generation parking systems as a key component of smart city infrastructure is rapidly increasing in the global market. Backed by decades of accumulated technological expertise and strong global partnerships, Autech Otis aims to become a global leader shaping the new future of parking culture." He added, "We are excited to share over 40 years of experience in delivering the best parking systems across architectural sites and parking projects worldwide. With our specialized parking expertise, we will continue to provide ideal, customized solutions for clients facing challenges in securing sufficient parking space."
Today urban parking spaces are at the verge; the new XY system provides scalable modules that can be integrated into existing structures with minimal disruption. It features intelligent software that supervises vehicle movement, prioritizes loading as well as unloading sequences, and reduces idle time—resulting in faster turnaround for users.
Coupled with built‑in sensors as well as remote monitoring, operators can handle the system efficiently, ensuring maximum uptime along with its safety. As cities advance into smarter ecosystems, Autech‑Otis’s solution delivers both operational efficiency and user convenience, positioning the company to support future‑ready developments globally.
Source:
News: Autech‑Otis
