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Parking Lots & Garages in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Parking Lots & Garages Market Research Report | NAICS 81293 | Oct 2014

Open spots: Better public transportation and bicycle infrastructure will constrict industry growth

The Parking Lots & Garages market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$11bn
Annual Growth 09-14
2.5%
Annual Growth 14-19
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Profit
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Employment
150,480
Businesses
8,931
Industry Analysis & Industry Trends

Over the past five years, the Parking Lots and Garages industry followed a fairly similar narrative as that of the US economy. Industry revenue dropped with the recession, as economic factors including the unemployment level, demand for air travel, shopping outings, sporting events and concerts were at a historic low. In the coming years, revenue will increase slowly, as the industry will benefit from municipalities, hospitals and universities outsourcing their parking operations... purchase to read more

Industry Report - Industry Locations Chapter

The geographic distribution of parking service establishments mirrors both major population centers and motor vehicle distribution in the United States. Perhaps unsurprisingly, California and New York account for 35.6% of total industry establishments due to their large consumer markets. According to US Census Bureau data, the top three regions for parking lots and garages are the West, Mid-Atlantic and Southeast. These are also the top three regions in the country in terms of population and automobile sales.

West

The West is home to 28.5% of industry establishments and about 17.1% of the US population. It also accounts for over 15.0% of the country's automobile sales. California alone has 22.4% of industry establishments... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Parking Lots & Garages Industry?

This industry comprises operators that provide parking and valet service on an hourly, daily or monthly basis. The industry primarily operates via management contracts, lease agreements or property ownership. This industry excludes the storage of vehicles for an extended period of time.

Industry Products
Off-street parking operated through management contractsOff-street parking operated through leasesOff-street parking owned by parking operatorsOn-street parkingValet parking
 
Industry Activities
Providing off-street parking servicesProviding on-street parking servicesProviding valet parking services


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