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2018 Market Analysis & Industry Outlook: Parking Lots & Garages


Overview: the U.S. Parking Lots & Garages Industry

This section provides answers to key questions about the industry:

  1. What is the total market size (industry revenue)?
  2. What is the industry outlook?
  3. Market Analysis: Is the market growing or declining, and how quickly?
  4. Are long-term forecasts positive or negative?
  5. What is the average company size in the industry?
  6. How many companies are in the industry?


Market Size & Industry Statistics

The total U.S. industry market size for Parking Lots & Garages: Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders. In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.

Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.

market size 2018
Charts and graphs can be copied to Microsoft Word and Powerpoint presentations.

Statistics 2012        2013        2014        2015        2016        2017
Market Size
(Total Sales/Revenue)


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Total Firms
Total Employees
Average Revenue Per Firm
Average Employees Per Firm
Statistics Source: U.S. Census, AnythingResearch Market Analysis



Market Forecast

Market forecasts show the long term industry outlook and future growth trends. The following five-year demand forecast projects both short-term and long-term trends.



market forecast

Forecast / Industry Outlook 2017 2018 2019 2020 2021 2022
Market Forecast ($ millions)
Projected Industry Growth Rate (%)
Source: AnythingResearch Economic Analysis

Product & Services Breakdown

Research products and services in the Parking Lots & Garages industry generating sales. Note that products are broken into categories with different levels of classification.

Product DescriptionNumber of Companies Sales ($ millions) Percent of Total Sales

Industry Total

Off-Street Parking Services

Off-Street Parking Services - Hourly Or Daily

Off-Street Parking Services - Weekly Or Monthly, In Buildings

Off-Street Parking Services - Weekly Or Monthly, On Lots

Valet Parking Services

Management Fees For The Operation Of Parking Facilities

All Other Receipts

All Other Operating Receipts



U.S. Geographic Distribution: Revenue Statistics by State

Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.

U.S. map by state

Income Statement (Average Financial Metrics)

Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.

Industry AveragePercent of Sales
(Industry Benchmark)
Total Revenue

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Operating Revenue
Cost of Goods Sold
Gross Profit

Operating Expenses
Pension, profit sharing plans, stock, annuity
Repairs
Rent paid on business property
Charitable Contributions
Depletion
Domestic production activities deduction
Advertising
Compensation of officers
Salaries and wages
Employee benefit programs
Taxes and Licenses
Bad Debts
Depreciation
Amortization
Other Operating Expenses
Total Operating Expenses
Operating Income
Non-Operating Income
EBIT (Earnings Before Interest and Taxes)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit
 
Source: AnythingResearch Analysis of U.S. federal statistics




Financial Ratio Analysis

Financial ratio information can be used to benchmark how a Parking Lots & Garages company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.

Profitability & Valuation RatiosIndustry Average
Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Parking Lots & Garages industry is performing.
Profit Margin
Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues.
Return on Equity (ROE)
Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings).
Return on Assets (ROA)
Return on Assets (ROA) is net income relative to total assets. The market research on Parking Lots & Garages measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets.


Liquidity RatiosIndustry Average
Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability.
Current Ratio
Measures a firm's ability to pay its debts over the next 12 months.
Quick Ratio (Acid Test)
Calculates liquid assets relative to liabilities, excluding inventories.


Efficiency Ratios - Key Performance IndicatorsIndustry Average
Measure how quickly products and services sell, and effectively collections policies are implemented.
Receivables Turnover Ratio
If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections.
Average Collection Period
Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover
Inventory Turnover
A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort.
Fixed-Asset Turnover
Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue.



Compensation & Salary Surveys for Employees

Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.

TitlePercent of WorkforceBottom Quartile Average (Median) SalaryUpper Quartile
Management Occupations 3%

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Chief Executives0%
General and Operations Managers2%
Personal Care and Service Occupations 33%
Animal Care and Service Workers 25%
Nonfarm Animal Caretakers 24%
Nonfarm Animal Caretakers 24%
Sales and Related Occupations 7%
Retail Sales Workers 5%
Office and Administrative Support Occupations 9%
Transportation and Material Moving Occupations 37%
Other Transportation Workers 30%
Parking Lot Attendants 30%
Parking Lot Attendants 30%
Source: Bureau of Labor Statistics


Parking Lots & Garages Industry Market Share [PREMIUM]

Largest companies in the industry and related industries, with private company revenue estimates.

CompanyAddressRevenue Estimate









Innovation News

  • Municipal Parking Services patents Parking Meter System - 01/25/2018
  • Towne Park trademarks "PARK PLUS AIRPORT PARKING" - Valet parking services; bellman services - 01/22/2018
  • Spothero raises $5 million in funding. - 12/08/2017
  • Laz Karp Associates trademarks "PARTNERS IN CARING" - Parking lot and parking garage services; leasing of parking and garage spaces; operation and management of parking facilities; valet parking services; transport of persons for hospitals, medical centers, medical and dental clinics, doctor's offices, medical complexes, nursing home facilities and other healthcare facilities - 12/08/2017
  • Spothero trademarks "HEROTECH" - Integrated suite of software and technology in the field of parking, operation of parking facilities, management of parking services - 11/22/2017
  • Municipal Parking Services raises $6 million in funding. - 05/25/2016




  • Top Innovators

    CompanyInnovation Score
    Municipal Parking Services12
    Denison Parking5
    Pro Park
    SP Plus

    Additional companies, details and innovation scoring in the full report.

    Latest Industry News

    • Plattsburgh's $10M grant could mean the end of free downtown parking - To replace the lot that’s being developed, he proposes some new lots and a parking garage. “People think they’re ugly,” Forster said. “They don’t have to be ugly. They can be.” Forster spoke at city hall last month to a small group of residents. (01/10/2018)
    • Pentagon Row Now Offering Free Hour of Garage Parking - Parking for even a short period of time at the Pentagon Row garage has previously required payment ... according to its website. The surface parking lots at Pentagon Row, near Harris Teeter and World Market, remain free for the first hour, though spaces ... (01/09/2018)
    • Floodwaters Rush Through Las Vegas Parking Lot After Unusual Rainfall - This footage shows floodwaters rushing over the entrance to a parking garage at the LINQ hotel in Las Vegas and down the street.The National Weather Service said. said more than one inch of rain was measured in 24 hours at Las Vegas’ McCarren Airport ... (01/09/2018)
    • New smart parking meters being installed in downtown Eugene - ... be equipped with external signs indicating real-time parking availability. Multi-space meters in the Hult Center Garage, Broadway North & South Garages, Library Garage, City Hall Surface Lot, and Train Depot Surface Lot will be replaced with meters ... (01/09/2018)
    • South Baltimore Parking Study Identifies Potential Parking Solutions for the Area - Charles Street lot will remove 30 off-street spaces now used for restaurant parking. Better enforcement of on-street parking regulations could cause some parkers to shift to the garage. Because street parking in the area is generally full ... (01/08/2018)
    • Donovan Durband: Downtown has many parking opportunities - I encourage anyone coming downtown to go to ParkTucson.com to view an interactive parking map that shows garages and lots, entrance locations, rates and hours. If you follow Park Tucson on Facebook or Twitter, you’ll be alerted to fun events along the ... (01/07/2018)
    • Parking prices: Mosaic garage prompts look at discount plan - The parking rates for the new garage being constructed at Ninth and Felix streets ... “Given that it’s nice and new and has lots of nice new features, we figure that it’ll be the preferred and the nicer garage of the bunch, so we’re just reverting ... (01/06/2018)
    • Liverpool parking garage fire destroys roughly 1,400 cars - The charred remains of ruined vehicles were visible in the seven stories of the parking garage. There were no reported injuries ... ball of fire on the front of the car and it was producing a lot of smoke," she said. She said the fire was "ferocious ... (01/05/2018)
    • Audi “Parking Lot” spot - Background: In “Parking Lot,” two Audi drivers go head-to-head careening through a mall parking garage, showing off the precise turning, the immediate acceleration and the braking power of the Audi. With help from San Francisco–based ad agency ... (01/05/2018)
    • Glen Ellyn trustees discuss need for more downtown parking - Village staff would like the village to further examine three lots for a potential parking garage – the parking lot at Crescent Boulevard and Glenwood Avenue, the Main Street lot, and the Glen Ellyn Civic Center lot at 535 Duane St. Those lots probably ... (01/04/2018)


    Government Contracts

    In 2016, the federal government spent a total of $57,677,723 on Parking Lots & Garages. It has awarded 1,306 contracts to 219 companies, with an average value of $263,369 per company.   

    Top government vendors:

    CompanyFederal ContractsTotal Award Amount





    Segments classified within this market research report

    This industry market research report includes companies whose primary business is any of the following:
    Parking garages, automobile, Valet parking services, Automobile parking garages or lots, Parking services, valet, Parking lots, Garages, automobile parking, etc.



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