Parked in: Space constraints are limiting growth for operators in CBD locations

IBISWorld’s Parking Services market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.


Industry Threats & Opportunities

  • Airport parking accounts for over one-third of industry revenue, greatly boosting profitability
  • The ACCC has been investigating anti-competitive behaviour in the lucrative airport parking segment
  • Airport parking is forecast to continue being a particularly lucrative area of industry growth

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    Industry Analysis & Industry Trends

    The Parking Services industry is expected to perform strongly over the five years through 2016-17, with revenue anticipated to grow by an annualised 6.1% over this period. Strong demand in all market segments has supported this growth. Growth in air travel has been the strongest driver, as airport parking accounts for over one-third of industry revenue and is a large contributor to industry profitability. Concurrent growth in discretionary incomes and budget airlines has allowed Australians to travel interstate and overseas in record numbers, benefiting the industry.

    Growth in the national labour force has resulted in more demand for parking from the many Australians that travel to work by car each day...

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    Industry Report - Industry Investment Chapter

    The Parking Services industry is characterised by a high capital intensity level. Capital inputs are relatively high compared to wage costs. To calculate the capital intensity level, IBISWorld uses data from the industry cost structure. Depreciation is used as a proxy for capital, with wages used as a proxy for labour. In 2016-17, depreciation is projected to account for 4.2% of industry revenue, and wages are estimated at 9.2%. These show that for each dollar required for wages, approximately $0.46 will be invested in capital equipment during the year.

    The high level of capital intensity characterising the industry can be attributed to growth in the level of automation being used by car park operators in the past five years. The..

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    Additional Insights for the Parking Services Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Parking Services Industry are

  • Proximity to key markets
  • Capacity to objectively assess new investments
  • Economies of scale
  • IBISWorld analysts also discuss how external factors such as Number of motor vehicles and Air passenger movements through capital city airports in the Parking Services industry impact industry performance..

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    Industry Products

    What is the Parking Services Industry?

    Industry operators 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 the industry.

    Industry Products
    Periodic car parking services
    Daily car parking services
    Short-stay car parking services
    Weekday off-peak car parking services
    Airport car parking services
    Other car parking services
    Industry Activities
    Car park operation
    Parking station operation
    Airport car park operation
    Automobile parking garage or lot operation
    Valet parking service

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Number of motor vehicles
  • Air passenger movements through capital city airports
  • Total employees in the labour force
  • World price of crude oil
  • Demand from taxi and limousine transport

  • Current Performance
  • Revenue and growth
  • Demand and supply
  • Park and fly
  • Margins and market power
  • Chart: Revenue Growth

  • Industry Outlook
  • Demand growth continues
  • Future industry constraints
  • Profitability growth
  • Table: Parking Services Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Parking Services Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Consumers

  • Key Selling Industries
  • Commercial Vehicle Wholesaling
  • Industrial and Other Property Operators
  • Paint and Coatings Manufacturing
  • Telecommunications and Other Electrical Goods Wholesaling

  • Products & Services
  • Airport car parking services
  • Daily car parking services
  • Periodic car parking services
  • Short-stay car parking services
  • Weekday off-peak car parking services
  • Other car parking services
  • Chart: Parking Services Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Highest income quintile households
  • Businesses and other sectors
  • Fourth income quintile households
  • Third income quintile households
  • Second income quintile households
  • Lowest income quintile households
  • Chart: Major Market Segmentation for the Parking Services Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Rent
  • Purchases
  • Wages
  • Utilities and depreciation
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Parking Services

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Parking Services Industry

  • Industry Globalization
    Major Companies
    Wilson Parking Australia 1992 Pty LtdSecure Parking Pty LtdAustralia Pacific Airports Corporation LimitedSydney Airport BAC Holdings Limited
  • Table: Wilson Parking Australia 1992 Pty Ltd - financial performance
  • Table: Secure Parking Pty Ltd - financial performance
  • Table: Australia Pacific Airports Corporation Limited - financial performance
  • Table: Sydney Airport - financial performance
  • Table: BAC Holdings Limited - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Parking Services Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Parking Services Industry
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
  • Stands for Central Business District.
  • Greenfield
  • A carpark on a new site with no previous development or infrastructure.
  • Inner Urban
  • The inner fringe of the city surrounding the CBD.
  • Long-Stay Parking
  • Parking of periods greater than six hours.
  • Short-Stay Parking
  • Parking of periods less than six hours.
  • Strata Title
  • Title ownership of part of an asset through more than one owner.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Parking Services:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Parking Services market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Parking Services, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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