+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

PRINTER FRIENDLY

Parking Lots and Garages Global Market Report 2021: COVID-19 Impact and Recovery to 2030

  • ID: 5323062
  • Report
  • May 2021
  • Region: Global
  • The Business Research Company

FEATURED COMPANIES

  • ABM Industries Inc
  • Diamond Parking
  • Impark
  • Indigo
  • Lanier Parking
  • LAZ Parking Ltd. LLC
Parking Lots and Garages Global Market Report 2021: COVID-19 Impact and Recovery to 2030 provides the strategists, marketers and senior management with the critical information they need to assess the global parking lots and garages market as it emerges from the COVID-19 shut down.

Reasons to Purchase
  • Gain a truly global perspective with the most comprehensive report available on this market covering 12+ geographies.
  • Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market research findings.
  • Benchmark performance against key competitors.
  • Utilize the relationships between key data sets for superior strategizing.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis
Description:

Where is the largest and fastest growing market for the parking lots and garages ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Parking Lots and Garage market global report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider parking lots and garages market, and compares it with other markets.
  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, the impact of the COVID-19 virus and forecasting its recovery.
  • Market segmentations break down market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
  • The parking lots and garages market section of the report gives context. It compares the parking lots and garages market with other segments of the parking lots and garages market by size and growth, historic and forecast.
Scope

Markets Covered:

1) By Type: Airport Parking and Garages; Events and Venues (Stadiums for Sporting Events); Healthcare Parking; Hospitality Parking; Municipal Parking; Office Parking; University Parking; Retails Parking; Residential Parking 2) By Site: Off Street; On Street 3) By Technology: Smart Parking using IoT; Automation

Companies Mentioned: SP Plus Corporation; LAZ Parking Ltd. LLC; ABM Industries Inc; Ace Parking Management Inc; Diamond Parking

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

This product will be delivered in 1-3 business days
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • ABM Industries Inc
  • Diamond Parking
  • Impark
  • Indigo
  • Lanier Parking
  • LAZ Parking Ltd. LLC
1. Executive Summary

2. Parking Lots and Garages Market Characteristics

3. Parking Lots and Garages Market Trends and Strategies

4. Impact of COVID-19 on Parking Lots and Garages

5. Parking Lots and Garages Market Size and Growth
5.1. Global Parking Lots and Garages Historic Market, 2015-2020, $ Billion
5.1.1. Drivers of the Market
5.1.2. Restraints on the Market
5.2. Global Parking Lots and Garages Forecast Market, 2020-2025F, 2030F, $ Billion
5.2.1. Drivers of the Market
5.2.2. Restraints on the Market

6. Parking Lots and Garages Market Segmentation
6.1. Global Parking Lots and Garages Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Airport Parking and Garages
  • Events and Venues (Stadiums for Sporting Events)
  • Healthcare Parking
  • Hospitality Parking
  • Municipal Parking
  • Office Parking
  • University Parking
  • Retails Parking
  • Residential Parking
6.2. Global Parking Lots and Garages Market, Segmentation by Site, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Off Street
  • on Street
6.3. Global Parking Lots and Garages Market, Segmentation by Technology, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Smart Parking using IoT
  • Automation
7. Parking Lots and Garages Market Regional and Country Analysis
7.1. Global Parking Lots and Garages Market, Split by Region, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
7.2. Global Parking Lots and Garages Market, Split by Country, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

8. Asia-Pacific Parking Lots and Garages Market
8.1. Asia-Pacific Parking Lots and Garages Market Overview
  • Region Information, Impact of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Parking Lots and Garages Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
8.3. Asia-Pacific Parking Lots and Garages Market, Segmentation by Site, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

9. China Parking Lots and Garages Market
9.1. China Parking Lots and Garages Market Overview
9.2. China Parking Lots and Garages Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F,$ Billion
9.3. China Parking Lots and Garages Market, Segmentation by Site, Historic and Forecast, 2015-2020, 2020-2025F, 2030F,$ Billion

10. India Parking Lots and Garages Market
10.1. India Parking Lots and Garages Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
10.2. India Parking Lots and Garages Market, Segmentation by Site, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

11. Japan Parking Lots and Garages Market
11.1. Japan Parking Lots and Garages Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
11.2. Japan Parking Lots and Garages Market, Segmentation by Site, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

12. Australia Parking Lots and Garages Market
12.1. Australia Parking Lots and Garages Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
12.2. Australia Parking Lots and Garages Market, Segmentation by Site, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

13. Indonesia Parking Lots and Garages Market
13.1. Indonesia Parking Lots and Garages Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
13.2. Indonesia Parking Lots and Garages Market, Segmentation by Site, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

14. South Korea Parking Lots and Garages Market
14.1. South Korea Parking Lots and Garages Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
14.2. South Korea Parking Lots and Garages Market, Segmentation by Site, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

15. Western Europe Parking Lots and Garages Market
15.1. Western Europe Parking Lots and Garages Market Overview
15.2. Western Europe Parking Lots and Garages Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
15.3. Western Europe Parking Lots and Garages Market, Segmentation by Site, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

16. UK Parking Lots and Garages Market
16.1. UK Parking Lots and Garages Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
16.2. UK Parking Lots and Garages Market, Segmentation by Site, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

17. Germany Parking Lots and Garages Market
17.1. Germany Parking Lots and Garages Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
17.2. Germany Parking Lots and Garages Market, Segmentation by Site, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

18. France Parking Lots and Garages Market
18.4. France Parking Lots and Garages Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
18.5. France Parking Lots and Garages Market, Segmentation by Site, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

19. Eastern Europe Parking Lots and Garages Market
19.1. Eastern Europe Parking Lots and Garages Market Overview
19.2. Eastern Europe Parking Lots and Garages Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
19.3. Eastern Europe Parking Lots and Garages Market, Segmentation by Site, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

20. Russia Parking Lots and Garages Market
20.1. Russia Parking Lots and Garages Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
20.2. Russia Parking Lots and Garages Market, Segmentation by Site, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

21. North America Parking Lots and Garages Market
21.1. North America Parking Lots and Garages Market Overview
21.2. North America Parking Lots and Garages Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
21.3. North America Parking Lots and Garages Market, Segmentation by Site, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

22. USA Parking Lots and Garages Market
22.1. USA Parking Lots and Garages Market Overview
22.2. USA Parking Lots and Garages Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
22.3. USA Parking Lots and Garages Market, Segmentation by Site, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

23. South America Parking Lots and Garages Market
23.1. South America Parking Lots and Garages Market Overview
23.2. South America Parking Lots and Garages Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
23.3. South America Parking Lots and Garages Market, Segmentation by Site, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

24. Brazil Parking Lots and Garages Market
24.1. Brazil Parking Lots and Garages Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
24.2. Brazil Parking Lots and Garages Market, Segmentation by Site, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

25. Middle East Parking Lots and Garages Market
25.1. Middle East Parking Lots and Garages Market Overview
25.2. Middle East Parking Lots and Garages Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
25.3. Middle East Parking Lots and Garages Market, Segmentation by Site, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

26. Africa Parking Lots and Garages Market
26.1. Africa Parking Lots and Garages Market Overview
26.2. Africa Parking Lots and Garages Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
26.3. Africa Parking Lots and Garages Market, Segmentation by Site, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

27. Parking Lots and Garages Market Competitive Landscape and Company Profiles
27.1. Parking Lots and Garages Market Competitive Landscape
27.2. Parking Lots and Garages Market Company Profiles
27.2.1. SP Plus Corporation
27.2.1.1. Overview
27.2.1.2. Products and Services
27.2.1.3. Strategy
27.2.1.4. Financial Performance
27.2.2. LAZ Parking Ltd. LLC
27.2.2.1. Overview
27.2.2.2. Products and Services
27.2.2.3. Strategy
27.2.2.4. Financial Performance
27.2.3. ABM Industries Inc
27.2.3.1. Overview
27.2.3.2. Products and Services
27.2.3.3. Strategy
27.2.3.4. Financial Performance
27.2.4. Ace Parking Management Inc
27.2.4.1. Overview
27.2.4.2. Products and Services
27.2.4.3. Strategy
27.2.4.4. Financial Performance
27.2.5. Diamond Parking
27.2.5.1. Overview
27.2.5.2. Products and Services
27.2.5.3. Strategy
27.2.5.4. Financial Performance

29. Key Mergers and Acquisitions in the Parking Lots and Garages Market

29. Parking Lots and Garages Market Future Outlook and Potential Analysis

30. Appendix
30.1. Abbreviations
30.2. Currencies
30.3. Research Inquiries
30.4. About the Publisher
30.5. Copyright and Disclaimer
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • ABM Industries Inc
  • Diamond Parking
  • Impark
  • Indigo
  • Lanier Parking
  • LAZ Parking Ltd. LLC
Major players in the parking lots and garages market are SP Plus Corporation, LAZ Parking Ltd. LLC, ABM Industries Inc, Ace Parking Management Inc, Diamond Parking, Lanier Parking, TPS Parking, Impark, Indigo, and Park24.

The global parking lots and garages market is expected to grow from $85.97 billion in 2020 to $94.82 billion in 2021 at a compound annual growth rate (CAGR) of 10.3%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $118.98 billion in 2025 at a CAGR of 5.8%.

The parking lots and garages market consists of sales of parking lots and garages services by entities (organizations, sole traders and partnerships) that are engaged in operating parking lots and parking garages. These establishments provide temporary parking services for motor vehicles, usually on an hourly, daily, or monthly basis. Only goods and services traded between entities or sold to end consumers are included.

The wireless smart parking sensor for detecting parking space occupancy is an emerging trend in the global parking lots and garages market. The Parking Lot Sensor (PLS) senses and records occupancy of parking space, allowing active parking lots management functionality such as search, navigation, and reservation. The sensors help in the effective management of parking spaces in cities. For instance, BOSCH recently launched a parking lot sensor that utilizes the LoRaWAN protocol for wireless communication. This sensor helps in guided and regulated parking, which removes traffic limitations.

The parking lots and garages market covered in this report is segmented by type into airport parking and garages; events and venues (stadiums for sporting events); healthcare parking; hospitality parking; municipal parking; office parking; university parking; retails parking; residential parking. It is also segmented by site into off street; on street.

In April 2019, Laz Parking acquired Professional Parking, a California shuttle company for an undisclosed amount. Professional Parking with over 50 shuttles in its fleet, provides services to universities, municipal accounts, and seasonal deals. Laz Parking is the fastest-growing and second-largest parking and mobility company headquartered in the United States.

The lack of sufficient parking due to rising motor vehicles use in developing economies is expected to drive the global parking lots and garages market. Market liberalization has caused a severe increase in transport, one of the important economic sectors, and its operational efficiency, which in turn has led to increased stagnant traffic in cities. For instance, in India, the average volume of traffic related to parking during peak time can reach 30%–50% of total traffic according to a research study published by the Journal of Traffic and Transportation Engineering. The commuters in Indian cities spend over 80 hours a year to look for parking space due to the lack of parking spaces in Indian cities amid a growing population of vehicles. The imbalance between parking supply and parking demand due to the increasing use of vehicles in developing economies is driving the market.

Expensive parking spaces are expected to hinder the global parking lots and garages market. For instance, according to Parkopedia’s global parking index 2019, the average regular parking cost for 2-hour off-street parking in New York is $34.94 per day, $14.61 in Amsterdam, and $17.33 in Hong Kong. In Australia, daily parking costs around $54 and $24 for 2-hour parking. Motorists often get frustrated due to the expensive parking cost as most of the time they end up paying for the time they do not use. Also, the small parking spaces and poor parking services add to their irritation. To cut the parking prices and other issues associated with it, people try to avoid using personal vehicles, windup their works in a short time that hampers their daily work targets, or decide to park elsewhere risking the safety of their vehicle.
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • SP Plus Corporation
  • LAZ Parking Ltd. LLC
  • ABM Industries Inc
  • Ace Parking Management Inc
  • Diamond Parking
  • Lanier Parking
  • TPS Parking
  • Impark
  • Indigo
  • Park24
  • Wilson Parking
Note: Product cover images may vary from those shown

Loading
LOADING...

Adroll
adroll