Parking Management Statistics


Steve Goldstein
Steve Goldstein
Business Formation Expert
Steve Goldstein runs LLCBuddy, helping entrepreneurs set up their LLCs easily. He offers clear guides, articles, and FAQs to simplify the process. His team keeps everything accurate and current, focusing on state rules, registered agents, and compliance. Steve’s passion for helping businesses grow makes LLCBuddy a go-to resource for starting and managing an LLC.

All Posts by Steve Goldstein →
Business Formation Expert  |   Fact Checked by Editorial Staff
Last updated: 
LLCBuddy™ offers informative content for educational purposes only, not as a substitute for professional legal or tax advice. We may earn commissions if you use the services we recommend on this site.
At LLCBuddy, we don't just offer information; we provide a curated experience backed by extensive research and expertise. Led by Steve Goldstein, a seasoned expert in the LLC formation sector, our platform is built on years of hands-on experience and a deep understanding of the nuances involved in establishing and running an LLC. We've navigated the intricacies of the industry, sifted through the complexities, and packaged our knowledge into a comprehensive, user-friendly guide. Our commitment is to empower you with reliable, up-to-date, and actionable insights, ensuring you make informed decisions. With LLCBuddy, you're not just getting a tutorial; you're gaining a trustworthy partner for your entrepreneurial journey.

Parking Management Statistics 2023: Facts about Parking Management outlines the context of what’s happening in the tech world.

LLCBuddy editorial team did hours of research, collected all important statistics on Parking Management, and shared those on this page. Our editorial team proofread these to make the data as accurate as possible. We believe you don’t need to check any other resources on the web for the same. You should get everything here only 🙂

Are you planning to form an LLC? Maybe for educational purposes, business research, or personal curiosity, whatever the reason is – it’s always a good idea to gather more information about tech topics like this.

How much of an impact will Parking Management Statistics have on your day-to-day? or the day-to-day of your LLC Business? How much does it matter directly or indirectly? You should get answers to all your questions here.

Please read the page carefully and don’t miss any words.

Top Parking Management Statistics 2023

☰ Use “CTRL+F” to quickly find statistics. There are total 16 Parking Management Statistics on this page 🙂

Parking Management “Latest” Statistics

  • The parking lot management market size is expected to exceed USD 3 billion in 2020 and grow at around GR 12.00 from 2021 to 2027.[1]
  • The parking management market in the United States is expected to register a growth rate of approximately 10% by 2027, driven by increasing demand for commercial parking facilities.[1]
  • In the UK, market demand for parking management from the transport sector is expected to increase by 17% by 2027 due to accelerating smart city construction.[1]
  • In 2020, the maintenance segment accounted for over 15% of his parking lot management market share.[1]
  • The market size of parking management in Europe accounts for more than 30% of the revenue share in 2020.[1]
  • The global parking management market size is estimated at USD 4.38 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 12.1% from 2023 to 2030.[2]
  • The revenue management segment will hold the largest market share of over 25% in 2022.[2]
  • The support and maintenance segment will have the largest market share of over 40% in 2022.[2]
  • The on-premise segment accounts for more than 60% of its market share in 2022 due to its various advantages.[2]
  • The off-street parking segment held over 70% market share in 2022 due to the increasing number of vehicles on the road posing infrastructure challenges.[2]
  • ParkMobile is available in approximately 2,700 outdoor parking spaces at the University.[2]
  • The government sector accounted for over 55% of the market share in 2022.[2]
  • The North American region dominated the parking management market with over 35% market share in 2022.[2]
  • The market size as measured by revenue of the valet parking industry is expected to reach USD 1.7 billion by 2023.[3]
  • The market size of the valet parking industry is projected to grow by 8% in 2023.[3]
  • The Australian valet parking industry market size is declining at an average annual rate of 2.2% between 2018 and 2023.[3]

Also Read

How Useful is Parking Management

One of the key benefits of parking management is ensuring that parking spaces are used efficiently. With limited space in urban environments, it is essential to maximize the use of available parking spaces and prevent areas from becoming overcrowded or underutilized. By implementing measures such as time limits, permit systems, and pricing mechanisms, cities can ensure that parking spots are being used effectively and that drivers are encouraged to utilize alternative modes of transportation when necessary.

In addition to efficient use of space, parking management is crucial for promoting economic growth and supporting local businesses. Easy access to parking spaces can make a significant difference in whether customers choose to visit a particular business or shopping district. By providing convenient and affordable parking options, cities can encourage more people to visit local shops, restaurants, and other establishments, boosting economic activity and supporting the growth of local businesses.

Furthermore, parking management can also have a positive impact on traffic flow and overall transportation efficiency. By strategically locating parking facilities, implementing parking restrictions during peak hours, and promoting alternative modes of transportation, cities can reduce congestion, minimize emissions, and improve overall mobility. Implementing smart parking technologies, such as sensor-based systems and mobile payment options, can further streamline the parking process and make it easier for drivers to find and pay for parking.

Beyond these practical benefits, parking management also plays a role in promoting sustainability and environmental conservation. Encouraging the use of public transportation, cycling, and walking by implementing parking management measures can help reduce greenhouse gas emissions, improve air quality, and create more sustainable and livable urban environments. By prioritizing alternative modes of transportation and promoting carpooling, cities can reduce the reliance on private vehicles and create a more sustainable transportation system for the future.

While parking management may not always be a glamorous or exciting topic, it is undoubtedly an essential component of urban planning that can have a profound impact on the functionality and success of a city. By ensuring the efficient use of parking spaces, promoting economic growth, supporting local businesses, improving traffic flow, and enhancing sustainability, parking management plays a crucial role in creating vibrant, livable, and resilient communities. As cities continue to grow and evolve, it is imperative that we prioritize effective parking management strategies to create a more equitable, sustainable, and accessible urban environment for all.

Reference


  1. gminsights – https://www.gminsights.com/industry-analysis/parking-management-market
  2. grandviewresearch – https://www.grandviewresearch.com/industry-analysis/parking-management-market
  3. ibisworld – https://www.ibisworld.com/au/market-size/parking-services/

Leave a Comment