Filling spots: Revived demand for parking at airports and venues will aid growth
Parking Lots & Garages in the US
Filling spots: The recession had a negative effect on the Parking Lots and Garages industry, particularly as unemployment increased and disposable income and domestic flight miles decreased, keeping airport parking lots under capacity. Demand will pick up in the next five years, as employment improves and demand from airports and other venues revives. However, operators will be threatened by the government's renewed focus on public transportation and will likely cater to electric vehicles to compete.
This industry provides parking and valet service for about 250.0 million motor vehicles on an hourly, daily or monthly basis. The industry primarily operates via management contracts, lease agreements or property ownership.
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.
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