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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 | Mar 2014

Filling spots: Revived demand for parking at airports and venues will aid growth

IBISWorld’s Parking Lots & Garages market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Industry Statistics & Market Size
Revenue
$10bn
Annual Growth 09-14
1.9%
Annual Growth 14-19
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Profit
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Employment
149,263
Businesses
9,028
Industry Analysis & Industry Trends

The recession had a negative effect on the Parking Lots and Garages industry, particularly as unemployment increased and disposable income and domestic flight miles decreased, keeping airport parking lots under capacity. Demand will pick up in the next five years as employment improves and demand from airports and other venues revives. However, operators will be threatened by the government's renewed focus on public transportation and will likely cater to electric vehicles to compete... purchase to read more

Industry Report - Industry Analysis Chapter

The Parking Lots and Garages industry is fragmented and includes companies that provide temporary parking spaces on an hourly, daily, weekly or monthly basis. The majority of operators are small private companies that often operate as single-parking facilities. A little more than two-thirds of companies are estimated to be sole proprietors or nonemployers, despite only representing an estimated 2.6% of industry revenue. Although most enterprises in the industry are local, a few large companies operate nation-wide and account for larger portions of industry revenue. In this industry, operators may own or lease parking facilities from which they collect revenue for parking services... 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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