Parking Services Market
Parking Services Market Analysis by On-Street Parking and Off-Street Parking for Government/Municipal, Airports, Retail, Corporates, Educational Institutes, and Others from 2023 to 2033
Analysis of Parking Services Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Parking Services Market Outlook (2023 to 2033)
The global parking services market is expected to reach a market value of US$ 114.8 billion in 2023. The market is further expected to achieve a valuation of US$ 211.5 billion in 2033 by growing at a CAGR of 6.3% during the forecast period.
The rapid adoption of smart technology in the parking industry has improved service offerings drastically. By the end of 2022, the smart parking solution market accounts for ~4% of the total parking services industry.
Report Attributes | Details |
---|---|
Parking Services Market Size (2022A) | US$ 108.0 Billion |
Estimated Market Value (2023E) | US$ 114.8 Billion |
Forecasted Market Value (2033F) | US$ 211.5 Billion |
Global Market Growth Rate (2023 to 2033) | 6.3% CAGR |
North America Market Share (2022) | ~31% |
East Asia Market Growth Rate (2023 to 2033) | ~7.5% CAGR |
United States Market Growth Rate (2023 to 2033) | ~4.3% CAGR |
Key Companies Profiled | ABM Industries Inc; Ace Parking Management Inc; Diamond Parking; Get My Parking; Impark; Indigo; Lanier Parking; LAZ Parking Ltd. LLC; Park+; Park24; Parkwel Parking Services Llp; SP Plus Corporation; TPS Parking; Wilson Parking; Your Parking Space; Zenpark |
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The Emergence of the Digital Parking Marketplace
Over a long period of time, the parking industry has remained the same in terms of how it functions. The general population still struggles to find a suitable parking space at the required time. However, the market players have now started seeing the parking space as an investment opportunity rather than just a facility for the existing building/real estate space.
The rise in the number of vehicles across the globe has led to a shortage of parking spaces. Lately, the industry has been witnessing the emergence of digital parking marketplaces globally. New technologically advanced companies are entering the parking services marketplace with a motive to help the existing parking infrastructure and improve the service offerings.
Some new edge companies are merely providing the technological infrastructure and some of the companies are entering the already fragmented parking service marketplace with digitally advanced offerings such as advance booking for parking spots, and real-time status of parking spaces among others. The industry is expected to witness a rise in new businesses entering the already crowded marketplace of parking with more technologically advanced service offerings.
- Short Term (2023 Q1-2026): The rise of ride-sharing services has been quite high in the recent past. This has certainly resulted in how we move from point A to point B. In the near future, ride-sharing businesses will have probably an adverse impact on the parking service market.
- Medium Term (2026 to 2029): With the continuous urbanization and shrinking land parcels in urban areas will result in a shortage of parking spaces. However, it appears that market players will have to look for technology or other solutions which can improve the uses of existing parking spaces.
- Long Term (2029 to 2033): The continuously rising population of the middle class coupled with growing disposable income across the globe will result in higher automobile ownership, ultimately leading to rises in the demand for parking spaces. Lately, with the entrants of tech-driven companies in the parking spaces, it is expected that the utilization rate of parking spaces will increase significantly.
As per the newly published report by Fact.MR, a market research and competitive intelligence provider, North America holds the largest market share with 31%, of the global parking service industry.
The above image represents a market analysis of the parking services market based on services and region. Under the type segment, off-street parking holds 66% of the total market shares in terms of value.
Factors Driving the Growth of the Parking Services Market
“Automobile Ownership on the Rise”
Across the globe, automobile owners have been significantly on the rise despite of rising prices of automobiles. Surprisingly, baby boomers have the highest rate of car ownership among the rest of the population. The rising disposable income across the globe has also escalated the demand for car ownership.
Especially countries in the Asian sub-continent are contributing the most to the increasing car ownership. Gradual increases in the ownership rate have led to increased demand for parking spaces as cars are used for only 15%-20% of the time and for the rest of the time it needs to be parked. It is expected that in coming years the demand for parking spaces will see exponential growth due to continuous rises in the number of automobiles on the roads.
“Shrinking Parking Spaces in Urban Areas”
Car parking has been one of the major problems in urban areas across the globe. Following the exponential growth in car ownership, many places are facing a shortage of parking spaces due to an imbalance between parking demand and supply. The imbalance exists due to poor planning and development of parking spaces and other sub-standard infrastructural development.
Rapid urbanization has led to a shortage of land parcels along with miscalculations in parking demands resulting in fewer parking spaces. Globally, urban areas have high population densities, and it is continuously increasing, as more people still continue to move toward cities, resulting in a lack of parking spaces.
The inefficient use of existing parking spaces is also one of the major issues people face. In general motorists/car owners do not have access to information regarding the available parking spaces in the neighborhood, and they spent a good amount of time looking for parking spaces.
The integration of technology in the parking services may result in optimal utilization of the existing parking spaces, ultimately leading to a reduction in problems faced by vehicle owners.
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Factors that may impact the Growth of the Parking Services Market
“Rise of Ride-Sharing Services”
Majority of the people across the globe own a car because it provides a combination of benefits such as autonomy, privacy, and speed. However, the underutilization of privately owned cars has been an issue for a quite long time. The car owner uses it to commute back and forth between home and office and sometimes for a family trip/outing as and when required. Rest of the time during working hours and at night the car/motor sits idle.
Considering the underutilization of private cars, a new set of businesses have come into the market with services like ride-sharing services. The rise of companies like Uber, Lyft, Inc., and ANI technology (Ola) is changing the way people commute within the city.
Such ride-sharing services are quite cost-effective in comparison to driving your own car for commuting. It is expected that the rise of such services might result in a low rate of car ownership ultimately leading to lower demand for parking spaces.
Country-wise Insights
US Continues to be the Largest Market
The US has one of the highest rates of car ownership among the major economies of the world. As per the US Census Bureau in 2021, 91% of US household owns at least one car and more than half of these cars are present in urban areas. It is estimated that in the US alone on average car owners spend around 15-20 hours of time annually looking for a parking space, which surprisingly results in the waste of billions of dollars (driver cost, fuel cost, and emission).
It is to be believed that the US has ample of parking spaces allocated throughout the country. However, it is just that these spaces are not well planned and distributed to meet the ongoing demand. Most cities like New York, Chicago, San Francisco, and Washington DC among others, have a shortage of parking spaces.
Currently, the available existing infrastructures are underutilized. This gives an abundance of opportunities for the parking services company to look after. The US parking services market is expected to achieve a market value of US$ 32.1 billion in 2023. The companies are coming up with high-tech solutions for the parking industry like the real-time status of the parking spaces, pre-booking of parking spaces, and advance notification of parking congestion.
China to Witness the Fastest Growth During the Forecast Period
Around ~72% of the Chinese population owns a car. Given its large population, this results in a high number of cars on the road. Currently, the majority of the parking spaces available in the country are off-street parking, which is currently being underutilized due to reasons such as illegal parking, inadequate pricing, and poor management structure.
Lately, China’s industry is witnessing multiple new edge technology/companies and solutions coming to the marketplace. In August 2022, ETCP, China’s largest parking payment service provider has entered into a partnership with Parkopedia, one of the world’s largest smart parking service providers to enable both in-car “access and pay” QR code parking payments.
Currently, there is an acute shortage of parking spaces in China due to the large number of cars on the road totaling around ~280 million. The parking services market is expected to grow exponentially with a CAGR of 7.8% over the next 10 years on the back of a rising middle-class population along with increasing disposable income.
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Category-wise Insights
Commercially Owned Parking Spaces are the Future
Currently out of all the parking spaces available, more than 50% of them are owned privately. However, in the recent past, things are changing, and apart from the spaces available in the residential buildings and a few privately owned spaces, the rest are slowly and steadily being owned and operated by private/commercial/government companies.
The growing car ownership and shortage of parking spaces have given an opportunity for real estate and other firms to treat parking spaces as an investment.
In urban areas, as parking is becoming one of the major pain-point for car owners as well as business owners, parking services providers are coming up with a tech-driven solution that can help both car owners and parking spaces owners to fully utilize the existing parking spaces at the fullest.
Entry of investment firms in the parking spaces has led to cutthroat completion among the service providers with improved services at an affordable rate. In August 2021, GB & Partners, a private equity firm through its portfolio company, Asura Technology, completed the acquisition of Parking Revenue Recovery Services, Inc.
Off-Street Parking Will Grow Rapidly
Parking your vehicle anywhere but the on the streets can be termed as off-street parking. Off-street parking can be both indoors as well as outdoors. Due to the lack of parking spaces across urban cities in both developed and developing economies, the demand for off-street parking is rising.
As these off-street parking spaces can be garages, driveways, and private lots and these are well-managed and also easy to access in comparison to on-street parking, the demand for such places witnessed exponential growth.
As of today, globally 2/3rd of the total parking spaces can be termed off-street parking spaces. Off-street parking services are expected to reach a market valuation of US$ 75.8 billion in the year 2023. Given the problems associated with on-street parking like illegal parking, double parking, and uninformed parking among others, off-street parking seems to solve all such issues and provide the best experience for vehicle owners.
Competitive Landscape
The prominent parking services providers are ABM Industries Inc, Ace Parking Management Inc, Diamond Parking, Get My Parking, Impark, Indigo, Lanier Parking, LAZ Parking Ltd. LLC, Park+, Park24, Parkwel Parking Services Llp, SP Plus Corporation, TPS Parking, Wilson Parking, Your Parking Space, Zenpark.
The global parking services industry is highly competitive and fragmented, due to the presence of multiple small and medium enterprises. Lately, the industry also witnessed increased interest from non-real estate firms entering the already overcrowded parking service industry. The market is also witnessing the entry of technology companies independently or partnerships of tech-driven companies with existing parking service providers.
- In January 2021, Flash Parking, Inc. one of the leading technology companies in the parking industry, announced its merger with Arrive, a leading provider of smart parking solutions to create a touchless digital mobility platform.
- In January 2022, Cloudastructure, a leading service provider of cloud-controlled video surveillance systems, completed the acquisition of Visionful.
Fact.MR has provided detailed information about the providers of parking services positioned across regions, revenue growth, and service offering expansion, in the recently published report.
Segmentation of the Parking Services Market
-
By Type :
- On-Street Parking
- Off-Street Parking
-
By Ownership :
- Commercially Owned
- Privately owned
-
By Location :
- Government/Municipal
- Airport
- Retail
- Corporate
- Educational Institute
- Hospital/Healthcare
- Others (Not Mentioned Elsewhere)
-
By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- Middle East & Africa
Table of Content
- 1. Executive Summary - Global Market
- 2. Market Overview
- 3. Market Characteristic – Bird Eye View
- 4. Market Background and Foundation Data
- 5. Global Market Analysis and Forecast
- 6. Global Market Analysis and Forecast, By Type
- 6.1. On-Street Parking
- 6.2. Off-Street Parking
- 7. Global Market Analysis and Forecast, By Ownership
- 7.1. Commercially Owned
- 7.2. Privately Owned
- 8. Global Market Analysis and Forecast, By Location
- 8.1. Government/Municipal
- 8.2. Airport
- 8.3. Retail
- 8.4. Corporate
- 8.5. Educational Institute
- 8.6. Hospital/Healthcare
- 8.7. Others (Not Mentioned Elsewhere)
- 9. Global Market Analysis and Forecast, By Region
- 9.1. North America
- 9.2. Latin America
- 9.3. Europe
- 9.4. East Asia
- 9.5. South Asia and Oceania
- 9.6. Middle East & Africa
- 10. North America Market Analysis and Forecast
- 11. Latin America Market Analysis and Forecast
- 12. Europe Market Analysis and Forecast
- 13. East Asia Market Analysis and Forecast
- 14. South Asia & Oceania Market Analysis and Forecast
- 15. Middle East & Africa Market Analysis and Forecast
- 16. Country-level Market Analysis and Forecast
- 17. Market Structure Analysis
- 18. Competition Analysis
- 18.1. ABM Industries Inc
- 18.2. Ace Parking Management Inc
- 18.3. Diamond Parking
- 18.4. Get My Parking
- 18.5. Impark
- 18.6. Indigo
- 18.7. Lanier Parking
- 18.8. LAZ Parking Ltd. LLC
- 18.9. Park+
- 18.10. Park24
- 18.11. Parkwel Parking Services Llp
- 18.12. SP Plus Corporation
- 18.13. TPS Parking
- 18.14. Wilson Parking
- 18.15. Your Parking Space
- 18.16. Zenpark
- 18.17. Other Prominent Players
- 19. Assumptions & Acronyms Used
- 20. Research Methodology
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List Of Table
Table 01. Global Market Value (US$ Billion) and Forecast By Region, 2018 to 2022
Table 02. Global Market Value (US$ Billion) and Forecast By Region, 2023 to 2033
Table 03. Global Market Value (US$ Billion) and Forecast By Type, 2018 to 2022
Table 04. Global Market Value (US$ Billion) and Forecast By Type, 2023 to 2033
Table 05. Global Market Value (US$ Billion) and Forecast By Ownership, 2018 to 2022
Table 06. Global Market Value (US$ Billion) and Forecast By Ownership, 2023 to 2033
Table 07. Global Market Value (US$ Billion) and Forecast By Location, 2018 to 2022
Table 08. Global Market Value (US$ Billion) and Forecast By Location, 2023 to 2033
Table 09. North America Market Value (US$ Billion) and Forecast By Country, 2018 to 2022
Table 10. North America Market Value (US$ Billion) and Forecast By Country, 2023 to 2033
Table 11. North America Market Value (US$ Billion) and Forecast By Type, 2018 to 2022
Table 12. North America Market Value (US$ Billion) and Forecast By Type, 2023 to 2033
Table 13. North America Market Value (US$ Billion) and Forecast By Ownership, 2018 to 2022
Table 14. North America Market Value (US$ Billion) and Forecast By Ownership, 2023 to 2033
Table 15. North America Market Value (US$ Billion) and Forecast By Location, 2018 to 2022
Table 16. North America Market Value (US$ Billion) and Forecast By Location, 2023 to 2033
Table 17. Latin America Market Value (US$ Billion) and Forecast By Country, 2018 to 2022
Table 18. Latin America Market Value (US$ Billion) and Forecast By Country, 2023 to 2033
Table 19. Latin America Market Value (US$ Billion) and Forecast By Type, 2018 to 2022
Table 20. Latin America Market Value (US$ Billion) and Forecast By Type, 2023 to 2033
Table 21. Latin America Market Value (US$ Billion) and Forecast By Ownership, 2018 to 2022
Table 22. Latin America Market Value (US$ Billion) and Forecast By Ownership, 2023 to 2033
Table 23. Latin America Market Value (US$ Billion) and Forecast By Location, 2018 to 2022
Table 24. Latin America Market Value (US$ Billion) and Forecast By Location, 2023 to 2033
Table 25. Europe Market Value (US$ Billion) and Forecast By Country, 2018 to 2022
Table 26. Europe Market Value (US$ Billion) and Forecast By Country, 2023 to 2033
Table 27. Europe Market Value (US$ Billion) and Forecast By Type, 2018 to 2022
Table 28. Europe Market Value (US$ Billion) and Forecast By Type, 2023 to 2033
Table 29. Europe Market Value (US$ Billion) and Forecast By Ownership, 2018 to 2022
Table 30. Europe Market Value (US$ Billion) and Forecast By Ownership, 2023 to 2033
Table 31. Europe Market Value (US$ Billion) and Forecast By Location, 2018 to 2022
Table 32. Europe Market Value (US$ Billion) and Forecast By Location, 2023 to 2033
Table 33. East Asia Market Value (US$ Billion) and Forecast By Country, 2018 to 2022
Table 34. East Asia Market Value (US$ Billion) and Forecast By Country, 2023 to 2033
Table 35. East Asia Market Value (US$ Billion) and Forecast By Type, 2018 to 2022
Table 36. East Asia Market Value (US$ Billion) and Forecast By Type, 2023 to 2033
Table 37. East Asia Market Value (US$ Billion) and Forecast By Ownership, 2018 to 2022
Table 38. East Asia Market Value (US$ Billion) and Forecast By Ownership, 2023 to 2033
Table 39. East Asia Market Value (US$ Billion) and Forecast By Location, 2018 to 2022
Table 40. East Asia Market Value (US$ Billion) and Forecast By Location, 2023 to 2033
Table 41. South Asia & Oceania Market Value (US$ Billion) and Forecast By Country, 2018 to 2022
Table 42. South Asia & Oceania Market Value (US$ Billion) and Forecast By Country, 2023 to 2033
Table 43. South Asia & Oceania Market Value (US$ Billion) and Forecast By Type, 2018 to 2022
Table 44. South Asia & Oceania Market Value (US$ Billion) and Forecast By Type, 2023 to 2033
Table 45. South Asia & Oceania Market Value (US$ Billion) and Forecast By Ownership, 2018 to 2022
Table 46. South Asia & Oceania Market Value (US$ Billion) and Forecast By Ownership, 2023 to 2033
Table 47. South Asia & Oceania Market Value (US$ Billion) and Forecast By Location, 2018 to 2022
Table 48. South Asia & Oceania Market Value (US$ Billion) and Forecast By Location, 2023 to 2033
Table 49. Middle East & Africa Market Value (US$ Billion) and Forecast By Country, 2018 to 2022
Table 50. Middle East & Africa Market Value (US$ Billion) and Forecast By Country, 2023 to 2033
Table 51. Middle East & Africa Market Value (US$ Billion) and Forecast By Type, 2018 to 2022
Table 52. Middle East & Africa Market Value (US$ Billion) and Forecast By Type, 2023 to 2033
Table 53. Middle East & Africa Market Value (US$ Billion) and Forecast By Ownership, 2018 to 2022
Table 54. Middle East & Africa Market Value (US$ Billion) and Forecast By Ownership, 2023 to 2033
Table 55. Middle East & Africa Market Value (US$ Billion) and Forecast By Location, 2018 to 2022
Table 56. Middle East & Africa Market Value (US$ Billion) and Forecast By Location, 2023 to 2033
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List Of Figures
Figure 01. Global Market Value (US$ Billion) Forecast, 2023 to 2033
Figure 02. Global Market Absolute $ Opportunity (US$ Billion), 2023 to 2033h
Figure 03. Global Market Value (US$ Billion) By Region, 2023 to 2033
Figure 04. Global Market Y-o-Y Growth Rate By Region, 2023 to 2033
Figure 05. Global Market Value (US$ Billion) By Type, 2023 to 2033
Figure 06. Global Market Y-o-Y Growth Rate By Type, 2023 to 2033
Figure 07. Global Market Value (US$ Billion) By Ownership, 2023 to 2033
Figure 08. Global Market Y-o-Y Growth Rate By Ownership, 2023 to 2033
Figure 09. Global Market Value (US$ Billion) By Location, 2023 to 2033
Figure 10. Global Market Y-o-Y Growth Rate By Location, 2023 to 2033
Figure 11. North America Market Value (US$ Billion) Forecast, 2023 to 2033
Figure 12. North America Market Absolute $ Opportunity (US$ Billion), 2023 to 2033
Figure 13. North America Market Value (US$ Billion) By Country, 2023 to 2033
Figure 14. North America Market Y-o-Y Growth Rate By Country, 2023 to 2033
Figure 15. North America Market Value (US$ Billion) By Type, 2023 to 2033
Figure 16. North America Market Y-o-Y Growth Rate By Type, 2023 to 2033
Figure 17. North America Market Value (US$ Billion) By Ownership, 2023 to 2033
Figure 18. North America Market Y-o-Y Growth Rate By Ownership, 2023 to 2033
Figure 19. North America Market Value (US$ Billion) By Location, 2023 to 2033
Figure 20. North America Market Y-o-Y Growth Rate By Location, 2023 to 2033
Figure 21. North America Market Attractiveness Analysis By Country, 2023 to 2033
Figure 22. North America Market Attractiveness Analysis By Type, 2023 to 2033
Figure 23. North America Market Attractiveness Analysis By Ownership, 2023 to 2033
Figure 24. North America Market Attractiveness Analysis By Location, 2023 to 2033
Figure 25. Latin America Market Value (US$ Billion) Forecast, 2023 to 2033
Figure 26. Latin America Market Absolute $ Opportunity (US$ Billion), 2023 to 2033
Figure 27. Latin America Market Value (US$ Billion) By Country, 2023 to 2033
Figure 28. Latin America Market Y-o-Y Growth Rate By Country, 2023 to 2033
Figure 29. Latin America Market Value (US$ Billion) By Type, 2023 to 2033
Figure 30. Latin America Market Y-o-Y Growth Rate By Type, 2023 to 2033
Figure 31. Latin America Market Value (US$ Billion) By Ownership, 2023 to 2033
Figure 32. Latin America Market Y-o-Y Growth Rate By Ownership, 2023 to 2033
Figure 33. Latin America Market Value (US$ Billion) By Location, 2023 to 2033
Figure 34. Latin America Market Y-o-Y Growth Rate By Location, 2023 to 2033
Figure 35. Latin America Market Attractiveness Analysis By Country, 2023 to 2033
Figure 36. Latin America Market Attractiveness Analysis By Type, 2023 to 2033
Figure 37. Latin America Market Attractiveness Analysis By Ownership, 2023 to 2033
Figure 38. Latin America Market Attractiveness Analysis By Location, 2023 to 2033
Figure 39. Europe Market Value (US$ Billion) Forecast, 2023 to 2033
Figure 40. Europe Market Absolute $ Opportunity (US$ Billion), 2023 to 2033
Figure 41. Europe Market Value (US$ Billion) By Country, 2023 to 2033
Figure 42. Europe Market Y-o-Y Growth Rate By Country, 2023 to 2033
Figure 43. Europe Market Value (US$ Billion) By Type, 2023 to 2033
Figure 44. Europe Market Y-o-Y Growth Rate By Type, 2023 to 2033
Figure 45. Europe Market Value (US$ Billion) By Ownership, 2023 to 2033
Figure 46. Europe Market Y-o-Y Growth Rate By Ownership, 2023 to 2033
Figure 47. Europe Market Value (US$ Billion) By Location, 2023 to 2033
Figure 48. Europe Market Y-o-Y Growth Rate By Location, 2023 to 2033
Figure 49. Europe Market Attractiveness Analysis By Country, 2023 to 2033
Figure 50. Europe Market Attractiveness Analysis By Type, 2023 to 2033
Figure 51. Europe Market Attractiveness Analysis By Ownership, 2023 to 2033
Figure 52. Europe Market Attractiveness Analysis By Location, 2023 to 2033
Figure 53. East Asia Market Value (US$ Billion) Forecast, 2023 to 2033
Figure 54. East Asia Market Absolute $ Opportunity (US$ Billion), 2023 to 2033
Figure 55. East Asia Market Value (US$ Billion) By Country, 2023 to 2033
Figure 56. East Asia Market Y-o-Y Growth Rate By Country, 2023 to 2033
Figure 57. East Asia Market Value (US$ Billion) By Type, 2023 to 2033
Figure 58. East Asia Market Y-o-Y Growth Rate By Type, 2023 to 2033
Figure 59. East Asia Market Value (US$ Billion) By Ownership, 2023 to 2033
Figure 60. East Asia Market Y-o-Y Growth Rate By Ownership, 2023 to 2033
Figure 61. East Asia Market Value (US$ Billion) By Location, 2023 to 2033
Figure 62. East Asia Market Y-o-Y Growth Rate By Location, 2023 to 2033
Figure 63. East Asia Market Attractiveness Analysis By Country, 2023 to 2033
Figure 64. East Asia Market Attractiveness Analysis By Type, 2023 to 2033
Figure 65. East Asia Market Attractiveness Analysis By Ownership, 2023 to 2033
Figure 66. East Asia Market Attractiveness Analysis By Location, 2023 to 2033
Figure 67. South Asia & Oceania Market Value (US$ Billion) Forecast, 2023 to 2033
Figure 68. South Asia & Oceania Market Absolute $ Opportunity (US$ Billion), 2023 to 2033
Figure 69. South Asia & Oceania Market Value (US$ Billion) By Country, 2023 to 2033
Figure 70. South Asia & Oceania Market Y-o-Y Growth Rate By Country, 2023 to 2033
Figure 71. South Asia & Oceania Market Value (US$ Billion) By Type, 2023 to 2033
Figure 72. South Asia & Oceania Market Y-o-Y Growth Rate By Type, 2023 to 2033
Figure 73. South Asia & Oceania Market Value (US$ Billion) By Ownership, 2023 to 2033
Figure 74. South Asia & Oceania Market Y-o-Y Growth Rate By Ownership, 2023 to 2033
Figure 75. South Asia & Oceania Market Value (US$ Billion) By Location, 2023 to 2033
Figure 76. South Asia & Oceania Market Y-o-Y Growth Rate By Location, 2023 to 2033
Figure 77. South Asia & Oceania Market Attractiveness Analysis By Country, 2023 to 2033
Figure 78. South Asia & Oceania Market Attractiveness Analysis By Type, 2023 to 2033
Figure 79. South Asia & Oceania Market Attractiveness Analysis By Ownership, 2023 to 2033
Figure 80. South Asia & Oceania Market Attractiveness Analysis By Location, 2023 to 2033
Figure 81. Middle East & Africa Market Value (US$ Billion) Forecast, 2023 to 2033
Figure 82. Middle East & Africa Market Absolute $ Opportunity (US$ Billion), 2023 to 2033
Figure 83. Middle East & Africa Market Value (US$ Billion) By Country, 2023 to 2033
Figure 84. Middle East & Africa Market Y-o-Y Growth Rate By Country, 2023 to 2033
Figure 85. Middle East & Africa Market Value (US$ Billion) By Type, 2023 to 2033
Figure 86. Middle East & Africa Market Y-o-Y Growth Rate By Type, 2023 to 2033
Figure 87. Middle East & Africa Market Value (US$ Billion) By Ownership, 2023 to 2033
Figure 88. Middle East & Africa Market Y-o-Y Growth Rate By Ownership, 2023 to 2033
Figure 89. Middle East & Africa Market Value (US$ Billion) By Location, 2023 to 2033
Figure 90. Middle East & Africa Market Y-o-Y Growth Rate By Location, 2023 to 2033
Figure 91. Middle East & Africa Market Attractiveness Analysis By Country, 2023 to 2033
Figure 92. Middle East & Africa Market Attractiveness Analysis By Type, 2023 to 2033
Figure 93. Middle East & Africa Market Attractiveness Analysis By Ownership, 2023 to 2033
Figure 94. Middle East & Africa Market Attractiveness Analysis By Location, 2023 to 2033
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
How parking services market is expected to perform during the forecast period?
The global parking services market is expected to grow at a CAGR of 6.3% over the next 10 years.
Which type of parking commands the largest market share?
Off-Street parking holds the largest market share with a whopping 55% of the total market.
Which region will witness the fastest market growth?
South Asia region will witness the fastest market growth of 7.9% during the forecast period.
Which regions hold the largest market share?
North America holds 31% of the total market share in the parking service industry.
How did the global parking services market perform during the historical period?
During 2018 to 2022, the revenue of the parking services market increased at a CAGR of 4.7%.