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Parking Services in Australia - Industry Market Research Report

Publisher IBISWorld
Published Jun 22, 2023
Length 40 Pages
SKU # IBSS18067390

Description

Parking Services in Australia
The COVID-19 pandemic has hurt Parking Services industry particularly hard. Growth in the number of motor vehicles and rising airport patronage fuelled revenue growth in 2018-19. However, the COVID-19 pandemic in early 2020 significantly deteriorated parking demand, causing a sharp drop in revenue, staff reductions and bringing about new consumer parking preferences. Revenue is forecast to decline at an annualised 3.5% over the five years through 2023-24, to an estimated $1.9 billion. This trend includes a projected decline of 0.6% in 2023-24 due to significant revenue growth in 2022-23.

Industry firms provide parking space for motor vehicles, generally on an hourly, daily or monthly basis. These operations include parking garages, parking stations and valet parking. Council operated car parks are excluded from the industry.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

Table of Contents

40 Pages
TABLE OF CONTENTS

ABOUT THIS INDUSTRY

Industry Definition
Main Activities
Similar Industries
Additional Resources

INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE

Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

PRODUCTS & MARKETS

Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations

COMPETITIVE LANDSCAPE

Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization

MAJOR COMPANIES

OPERATING CONDITIONS

Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

KEY STATISTICS

Industry Data
Annual Change
Key Ratios

JARGON & GLOSSARY

Pricing

Currency Rates
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