Procurement Market Intelligence Report
Parking Lot & Garage Management Services
Sourcing Guide & Market Intelligence
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Parking Lot & Garage Management Services Global Overview
Definition
Summary
This report is intended to assist buyers of parking lot and garage management services. Suppliers offer contracted parking lot and garage management, through which they receive a monthly fee for their services. Suppliers range in size from small local operations to large multinational companies. The main buyers in this market are property management companies, hotels and airports. Parking lot and garage management services consist of a wide range of individual offerings, including parking attendants, electronic ticket dispensing, payment processing and parking space monitoring. This market’s suppliers also offer valet, security and consulting services.
This Report Includes:
- Parking Attendant Services
- Electronic Ticket Dispensing
- Payment Processing
- Parking Space Monitoring
Not in this Report:
- Vehicle Storage and Warehousing
- Parking Lot and Garage Construction Services
Global Parking Lot & Garage Management Services Procurement Trends
Discover the top international trends affecting procurement in the global Parking Lot & Garage Management Services market.
Neutral
Crude oil prices dip, but natural gas and fuel prices remain volatile in 2025
- Oil prices have been falling with the introduction of higher tariffs and the predicted decline in global demand. The OPEC+ group of countries also announced they would be unwinding production cuts and increasing their collective output target for May by 411,000 barrels per day.
- Trade wars, ongoing conflict between Hamas and Israel, and general unrest in the Middle East are causing uncertainty surrounding oil prices, which has led to volatility in prices. In the third week of May 2025, crude oil prices hit $63.67 per barrel, but volatility remains as geopolitical concerns remain.
- Natural gas prices rallied early in 2025 with colder-than-usual temperatures in the United States and high demand, topping out at $4.68/MMBtu in March. Prices have since fallen with the onset of trade wars and weakening demand projections to $3.64/MMBtu in the third week of May 2025.
- The national average of gasoline prices has been rising slightly due to refinery maintenance/outages and blending issues, hitting a national average of $3.15 per gallon in the third week of May 2025. However, gasoline futures have been volatile, falling due to fears of oversupply and deepening concerns about weakening demand with tariffs, but rising after trade deals.
Global Parking Lot & Garage Management Services Market - Suppliers by Region
| Country/Region | Number of Suppliers |
|---|---|
| #1 China | 21,470 |
| #2 Europe | 14,330 |
| #3 United States | 9,300 |
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Geography Drilldown - US
Average Cost of Parking Lot & Garage Management Services
United States
2026 Market Pricing$20.00 to $XXX.XX
per parking space per monthAverage Price
Prices in the Parking Lot & Garage Management Services market range from $20.00 to $XXX.XX, depending on Number of Personnel, Range of Services, Equipment Required, Contract Length and Location. For example, lower prices are associated with Less personnel with fewer than 10 employees ($100 to $200 per parking spot per month), whereas higher prices are associated with More personnel with over 10 employees ($200 to $500 per parking spot per month).
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Between our Europe and Canada collections, we provide price data for 350 markets so you can instantly compare prices across borders. Or, use our custom research services for intel on prices in any region across the globe.
Parking Lot & Garage Management Services Category Price Trends
Pricing trends are indicated by the compound annual growth rate (CAGR) during a set period of time. For the Parking Lot & Garage Management Services market, prices in the US have grown 3.4% from 2022 to 2025. Subscribers can access price trend forecasts, price driver projections and forward-looking cost structure data. Learn more
United States (2022-2025)
United States (2025-2028)
Compound Annual Growth Rate
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Price trend forecasts are available to subscribers, along with price driver projections and forward-looking cost structure data.
Cost Analysis - Total Cost of Ownership for Parking Lot & Garage Management Services
Total cost of ownership is Medium in the Parking Lot & Garage Management Services market. The average cost of ownership differs depending on the contract but generally includes costs negotiated before the contract begins, costs billed during the contract period and unforeseen costs. For example, unforeseen costs in the form of Cancellations may raise the total cost of ownership unexpectedly.
Negotiated Before
Customization
Billed During
Upgrades
Unforeseen
Cancellations
Buyer Power in Procurement Negotiations
In 2026, buyer power amounts to -1.1 in the United States. Buyer power is most positively impacted by Recent Price Trend. It is most negatively impacted by Market Share Concentration. Subscribers can access details on eight other factors that impact buyer power. Learn more
United States
Buyer power forecasts: your glimpse into the future
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- Actionable "Buy Now" and "Buy Later" insights
- Near-real-time updates to current and forecast Buyer Power Scores
- Methodology and weightings for Buyer Power Score Components
Supply Chain Risk
The average level of supply chain risk is assessed as Medium, which has a negative impact on buyer power. The level of supply chain risk is affected by industry volatility, barriers to entry, competition, import penetration, regulation and industry financial risk. Buyers in this market can mitigate procurement and supply chain management risks by monitoring risk levels for individual first and second tier suppliers:
1st
Tier Suppliers
- Landscaping Services
- Card Key Lock System Manufacturers
- Janitorial Services
- Machinery Maintenance & Heavy Equipment Repair Services
2nd
Tier Suppliers
- Farm, Lawn & Garden Equipment Wholesalers
- Semiconductor & Circuit Manufacturers
- Janitorial Equipment Supply Wholesalers
- Electrical Equipment Wholesalers
Biggest Parking Lot & Garage Management Services Suppliers in the US by Revenue
The largest Parking Lot & Garage Management Services vendors by revenue in the US are Ace Parking Management Inc., PCAM LLC and Propark Inc. Subscribers can sort and filter by market share concentration, profit level and other factors. Learn more
| Supplier | Operational Size | Headquarters | Number of Employees | Market Share (%) | Market Share Performance (3yr trend) | Total Revenue ($ million) | Profit Level (%) | Risk Level |
|---|---|---|---|---|---|---|---|---|
| Abm Industries Inc. | Global | NEW YORK, NY | >10,000 | 5-10 | ||||
| Sp Plus Corporation | National | CHICAGO, IL | >10,000 | 5-10 | ||||
| Impark Parking Corporation | International | Vancouver, CA | >10,000 | < 5 | ||||
| Indigo Group S.A.S | Global | Puteaux, FRA | >10,000 | < 5 | ||||
| Reef Technology Inc. | Global | Miami, FL | >10,000 | < 5 | ||||
| Ace Parking Management Inc. | National | San Diego, CA | 1,001-10,000 | < 5 | ||||
| PCAM LLC | National | Commerce, CA | 1,001-10,000 | < 5 | ||||
| Propark Inc. | National | Hartford, CT | 1,001-10,000 | < 5 | ||||
| Federal Parking Inc. | Regional | Garret Park, MD | 25-50 | < 5 | ||||
Looking for a list of suppliers by country?
Subscribers can access vendor information on Canadian and European suppliers, too. We also offer custom research services to help with vendor sourcing anywhere in the world.
Profit Analysis
The average profit margin across vendors in the Parking Lot & Garage Management Services market is 4.2% and steady. Profit levels shift depending on suppliers' spend on wages, purchases and overhead. The highest cost component for vendors is Overhead. The cost trend for this component is falling, when considering movement between 2025 and 2026. To understand cost forecasts for 2027 and uncover the implications on profit, start your subscription. Learn more
Vendor & Supply Chain Analysis
Buyers are exposed a low level of vendor risk due to the low costs involved in running a parking lot management business. As a result, buyers are exposed to less risk of a discontinuity of service.
The market has a high number of vendors. Low market share concentration leads to intense price-based competition, which benefits buyers by helping limit price growth.
Moderate supply chain risk presents some risks for buyers. Suppliers with foreign upstream vendors for their equipment may be subject to heightened risk of delayed deliveries and product shortages.
The United States is a net importer of computers, meaning it imports more computers than it exports. While lower manufacturing costs abroad drive down prices for imported computers, relying on imports can lead to potential shortages or price increases if there are supply chain disruptions due to geopolitical tensions, trade disputes, or global crises.
Supplier Information
Abm Industries Inc.
Abm Industries Inc. is a public company operating globally in the administration, business support and waste management services and other services (except public administration) sectors. The company's offerings include snow removal services, landscape maintenance, facility maintenance & repair services, Subscribe to learn more
Sp Plus Corporation
Sp Plus Corporation is a public company operating nationally in the other services (except public administration) sector. The company's offerings include parking lot & garage management services. Founded in 1929, the company is currently headquartered in CHICAGO, Illinois, United States of America with an... Subscribe to learn more
Ace Parking Management Inc.
Ace Parking Management Inc. is a private company operating nationally in the other services (except public administration) sector. The company's offerings include parking lot & garage management services. Founded in 1950, the company is currently headquartered in San Diego, California, United States of America... Subscribe to learn more
Diamond Parking Inc.
Diamond Parking Inc. is a private company operating internationally in the other services (except public administration) sector. The company's offerings include parking lot & garage management services. Founded in 1922, the company is currently headquartered in Seattle, Washington, United States of America... Subscribe to learn more
Federal Parking Inc.
Federal Parking Inc. is a private company operating regionally in the other services (except public administration) sector. The company's offerings include parking lot & garage management services. Founded in 1997, the company is currently headquartered in Garret Park, Maryland, United States of America with... Subscribe to learn more
Impark Parking Corporation
Impark Parking Corporation is a private company operating internationally in the other services (except public administration) sector. The company's offerings include parking lot & garage management services. Founded in 1962, the company is currently headquartered in Vancouver, British Columbia, Canada with... Subscribe to learn more
Indigo Group S.A.S
Indigo Group S.A.S is a private company operating globally in the other services (except public administration) sector. The company's offerings include parking lot & garage management services. Founded in 1968, the company is currently headquartered in Puteaux, France, France with an estimated 10000 employees.... Subscribe to learn more
PCAM LLC
PCAM LLC is a private company operating nationally in the other services (except public administration) sector. The company's offerings include parking lot & garage management services. Founded in 1964, the company is currently headquartered in Commerce, California, United States of America with an estimated... Subscribe to learn more
Propark Inc.
Propark Inc. is a private company operating nationally in the other services (except public administration) sector. The company's offerings include parking lot & garage management services. Founded in 1984, the company is currently headquartered in Hartford, Connecticut, United States of America with an estimated... Subscribe to learn more
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Procurement Management KPIs for the Parking Lot & Garage Management Services Market
Managing vendor performance throughout the contract period is easier when tracking specific key performance indicators (KPIs). For example, buyers should monitor Average Resolution Time and Customer Retention Rate. Buyers may experience better performance throughout their contracts if they establish service level agreements (SLAs) based on Pricing and other factors.
| KPI | Level of Importance (1-5) | Measurements | Key Considerations |
|---|---|---|---|
| Average Resolution Time |
|
Total Resolution Time Number of Resolved Tickets |
The average resolution time represents the average amount of time it takes to resolve a support ticket. Typical support tickets involve malfunctioning parking lot and garage payment kiosks. The average resolution time can be used to determine a company’s support responsiveness. |
| Customer Retention Rate |
|
Number of Customers at Start of Period Number of Customers at End of Period Number of Customers Added within Period |
The customer retention rate represents the number of customers a company is able to retain over a set timeframe. Suppliers that have managed parking lots and garages for a single client over a number of years indicates their clients' level of satisfaction. The customer retention rate can be used to determine the extent to which a company’s customer base fluctuates over time. |
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Questions to Ask During Procurement Negotiations
How can I gain leverage during negotiations?
Supplier Size
How many locations does your company have?
Do you have a fleet of vehicles that can be used to transport customers?
Experience and Expertise
How many years has your business been in continuous operation? Have you operated under a different name or management team in the past?
How long has your longest client been using your services?
Customer Service
How do you deal with customer complaints? How quickly are they typically resolved?
Has a buyer ever cancelled their contract with you before the term ended? Why?
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Parking Lot & Garage Management Services RFP Guidelines
What should my RFP include?
Organizational Overview
Buyers should describe their organization and provide background and other information relevant to the request.
Buyers should state where they are located and where the parking lot and garage management services will be required.
Statement Of Need
Buyers should state the location and number of facilities that require parking lot and garage management services, as well as the intended contract period and any known dates of events.
Buyers should indicate what additional equipment and services they expect the supplier to provide, such as signs, vehicles, uniforms and point of sale equipment.
Project Budget
Where relevant, buyers should state the amount of the contract.
Buyers should state the contract payment terms. For example, whether payment will be made within 30 days of the contract being awarded or in increments throughout the length of the contract period.
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Our Reports include:
- Opportunity assessment
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- Buyer power levers
- Price environment and market pricing
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- Cost structure benchmarks and analysis
- Supply chain and vendors
- Global supplier breakdown
- Market share concentration
- Regulation and business requirements
- Vendor management and KPIs
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