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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

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
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 Products Chapter

The services provided by the Parking Lots and Garages industry can be broken down into several categories. The largest service provided in this industry is off-street parking. Off-street parking refers to any site that offers parking services for automobiles, motorcycles and bicycles that is not curbside; this includes parking lots, garages and driveways. This classification of parking can be segmented into facilities operated under management contracts, facilities operated under lease agreements or those operated by the owner. The remaining services offered in this industry include: valet parking, on-street parking, off-street parking owned by parking operators as well as other varied 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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