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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 can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

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 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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