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Parking Services in Australia: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Parking Services Market Research Report | ANZSIC S9533 | Apr 2013

Flying high: Airport parking demand increases as more Australians travel by air

IBISWorld’s Parking Services 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
$1bn
Annual Growth 08-13
3.8%
Annual Growth 13-18
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Profit
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Employment
4,272
Businesses
383
Industry Analysis & Industry Trends

The Parking Services industry has continued to perform well and is expected to post annualised growth of 3.8% over the five years through 2012-13. Growth in revenue has been supported by strong demand in all market segments. The biggest factor has been the growth in air travel. The concurrent growth in disposable incomes and budget airlines has allowed Australians to travel interstate and overseas in record numbers. On the ground, higher national employment has meant more demand for parking from the almost 70% of Australians who travel to work mainly by car. Growth in employment levels has also boosted income levels, leading to a rise in new car registrations and increased demand for off-peak parking as Australians go out more often after hours... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

The Parking Services industry is operating in the mature stage of its life cycle. Industry value added is forecast to post annualised growth of 0.1% over the 10 years through 2017-18, compared to annualised growth in Australian's GDP of 2.4% over the same period. The relatively weak rise in value added for the industry, relative to the overall economy is characteristic of an industry operating in maturity, as growth across the industry slows to follow that of the general economy.

Maturity across the Parking Services industry is also evident in its count of enterprises, which are expected to post modest growth of 2.9% over the 10 years through 2017-18. Parking service providers are fairly competitive and hence the industry has experienced some rationalisation in operator numbers... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Parking Services Industry?

Operators in this industry provide parking space for motor vehicles, generally on an hour, daily or monthly basis. This includes parking garages, parking stations and valet parking. Car parks operated by councils are excluded from this industry.

Industry Products
Periodic parkingDaily parkingShort stay parkingWeekday off-peak parking
 
Industry Activities
Car park operationParking station operation


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