Car park operators have generally performed strongly in the five years through 2014-15, with industry revenue projected to grow at an annualised 4.2%. Revenue growth has been supported by strong demand in all market segments. The biggest driver has been the growth in air travel, as airport parking accounts for close to a one-quarter of industry revenue and is a large contributor to industry profitability. The concurrent growth in discretionary incomes and budget airlines has allowed Australians to travel interstate and overseas in record numbers.
Operators in the industry 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 this industry.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.