Who Owns Whom

Parking Management Services in South Africa 2020

Louise Mitchell | South Africa | 15 June 2020

Price

R 6 500.00(ZAR) estimated $ 413.69 (USD)*

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Report Coverage

This report focuses on Parking Management Services and includes information on the state of the sector, notable players and the factors that influence the sector. There are profiles of 12 companies, including dominant companies such as Excellerate, Servest, Karabo and Afripark. Other profiled companies include Fidelity Security, Instatrans and Parkpoint.

Parking Management Services

The market for parking management has been shrinking as major property developments are put on hold because of weak economic prospects. The parking management sector has been severely affected by the coronavirus pandemic and subsequent lockdown as associated sectors like real estate, transport and retail have declined. Parking management service providers are struggling to collect payments from shopping centres, commercial properties and residential estates and are losing income while free access to parking areas has been allowed during the lockdown

Competition

The market segment that provides advisory services, revenue collection and management of parking operations is highly concentrated, and five local companies dominate the market. The parking systems segment, which includes monitoring, automated revenue systems and smart solutions for parking areas is fragmented with smaller players and large international companies competing for market share. A major force for change in the parking management sector is new technologies which have enabled new participants to enter the sector.

Growth Constraints

Commercial, retail and industrial property development is slowing down because of weak economic growth prospects, and the market for parking management will shrink until these developments take off again. Changes in mobility patterns driven by ride-hailing services could reduce demand for parking, especially at entertainment venues. Green certification of real estate developments includes accessibility to public transport, which may reduce the demand for parking. The development of electric and autonomous cars may also change demand.

Table of Contents

PAGE
1. INTRODUCTION 1
2. DESCRIPTION OF THE INDUSTRY 1
2.1. Industry Value Chain 3
2.2. Geographic Position 4
3. SIZE OF THE INDUSTRY 4
4. STATE OF THE INDUSTRY 5
4.1. Local 5
4.1.1. Corporate Actions 7
4.1.2. Regulations 7
4.1.3. Enterprise Development and Social Economic Development 9
4.2. Continental 10
4.3. International 11
5. INFLUENCING FACTORS 12
5.1. Economic Environment 12
5.2. Rising Operating Costs 13
5.3. Technology, Research & Development (R&D) and Innovation 14
5.4. Labour 15
5.5. Environmental Concerns 17
5.6. Crime and Security 18
6. COMPETITION 18
6.1. Barriers to Entry 19
7. SWOT ANALYSIS 19
8. OUTLOOK 20
9. INDUSTRY ASSOCIATIONS 20
10. REFERENCES 21
10.1. Publications 21
10.2. Websites 21
APPENDIX 1 22
Summary of Notable Players 22
COMPANY PROFILES 24
ADVANCE ON POINT SOLUTIONS (PTY) LTD 24
AFRIPARK PARKING MANAGEMENT SERVICES (PTY) LTD 25
AFRISERV (PTY) LTD 27
EXCELLERATE SERVICES (PTY) LTD 29
FEDERAL PARKING SERVICES (PTY) LTD 32
FIDELITY SERVICES GROUP (PTY) LTD 34
INSTATRANS (PTY) LTD 40
KARABO PARKING MANAGEMENT (PTY) LTD 41
KATANGA PARKING SERVICES (PTY) LTD 42
P AND S IHEANACHO TRADING (PTY) LTD 44
PARKPOINT (PTY) LTD 45
SERVEST FACILITIES SERVICES (PTY) LTD 47