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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 | Jan 2016

Free parking: Efforts to reduce traffic encourage carpooling will temper industry growth

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$11bn
Annual Growth 11-16
2.0%
Annual Growth 16-21
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Profit
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Employment
142,040
Businesses
9,346
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 36.4% 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 27.8% of industry establishments and about 17.2% of the US population. It also accounts for over 15.0% of the country's automobile sales. California alone accounts for 21.7% of all 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 - hourly or dailyOff-street parking in buildings - weekly or monthlyOff-street parking on lots - weekly or monthlyManagement fees for the operation of parking facilitiesValet parking
 
Industry Activities
Providing off-street parking servicesProviding on-street parking servicesProviding valet parking services


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