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Parking Management Services
BY Louise Mitchell
South Africa
16 October 2018
R 10 080.00 (ZAR)  
estimated $ 720.91 (USD) *
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Parking Management Services


The parking management solutions market is growing as traffic congestion intensifies. New technologies are rapidly changing the parking management landscape with new participants in the sector facilitating smart parking aided by real-time parking information and technology. The segment of the market that provides advisory services, revenue collection and management of parking operations is highly concentrated and dominated by Interpark and Servest, with five local companies holding 97% market share. The parking systems segment including monitoring, automated revenue systems and smart solutions for parking areas is fragmented with smaller players holding 34% market share and a number of international companies participating.


Innovation


Access control, parking reservation applications, cellular connectivity and analytics are some of the technologies having a profound effect on this sector. Telematics is enhancing the efficiency of parking management in urban areas with features including real-time monitoring of volumes and forecasting of available space. Biometrics, ID management and licence plate recognition-based automatic vehicle identification are some techniques used in access control for parking management. Ticketless and cashless apps, smart parking apps and other technologies are improving efficiencies, reducing traffic congestion and enhancing security.


Report Coverage


This report focuses on the parking management services sector in South Africa. It covers car park operation, operation of parking lots and garages, parking building operation, and parking lot operation. It includes comprehensive profiles of 12 companies including major players Servest and Interpark, as well as parking management services companies Karabo and Afripark, and P and S Iheanacho Trading, which trades as Safe Car, and offers airport parking services and management at OR Tambo Airport.


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 8
4.2. Continental 9
4.3. International 10
5. INFLUENCING FACTORS 11
5.1. Economic Environment 11
5.2. Real Estate Investment 12
5.3. Rising Operating Costs 12
5.4. Information Technology (IT), Research & Development (R&D) and Innovation 13
5.5. Smart Parking 14
5.6. Labour 16
5.7. Cyclicality 17
5.8. Environmental Concerns 18
5.9. Crime and Security 19
5.10. Electricity Supply Constraints 19
6. COMPETITION 20
6.1. Barriers to Entry 20
7. SWOT ANALYSIS 21
8. OUTLOOK 21
9. INDUSTRY ASSOCIATIONS 22
10. REFERENCES 22
10.1. Publications 22
10.2. Websites 23
APPENDIX 1 24
Summary of Major Players 24
COMPANY PROFILES 26
ACE PARKING SERVICES (PTY) LTD 26
AFRIPARK PARKING MANAGEMENT SERVICES (PTY) LTD 27
AFRISERV (PTY) LTD 29
FEDERAL PARKING SERVICES (PTY) LTD 31
FIDELITY SECURITY GROUP (PTY) LTD 33
INSTATRANS (PTY) LTD 39
INTERPARK (SOUTH AFRICA) (PTY) LTD 40
KARABO PARKING MANAGEMENT (PTY) LTD 42
KATANGA PARKING SERVICES (PTY) LTD 44
P AND S IHEANACHO TRADING (PTY) LTD 46
PARKPOINT (PTY) LTD 47
SERVEST FACILITIES SERVICES (PTY) LTD 49
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