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Parking Management Services South Africa

The Parking Management Services in South Africa 2020

Louise Mitchell | South Africa | 15 June 2020

The Parking Management Services in South Africa 2018

Louise Mitchell | South Africa | 16 October 2018

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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.

Introduction

The parking management sector has been severely affected by the coronavirus pandemic as customers in the real estate sector are struggling to meet financial commitments because their tenants cannot afford to pay rent. The market for parking management has been shrinking as major property developments are put on hold because of weak economic growth prospects. The sector is characterised by new technologies that facilitate smart parking, consisting of intelligent parking solutions which deploy internet of things and artificial intelligence for smooth and automated operation of parking facilities. Collaboration between players in different sectors and convergence of technologies are taking place to come up with new solutions and services. 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 that comprises monitoring, automated revenue systems and smart solutions for parking areas is fragmented with smaller players and large international companies competing for market share.

Strengths

• Amendments to the Competition Act protects SMEs from market abuse by dominant players.
• Car parks are well-maintained as part of shopping centres and office blocks.
• Established players are delivering services and systems.
• High demand and inadequate supply of parking spaces are driving market prices up.
• Smart parking is available in South Africa.

Weaknesses

• Crime is increasing operating costs as security needs to be provided at parking areas.
• Illegally operating car attendants or car watch services at parking facilities.
• Industry standards are outdated.

Opportunities

• High crime rates are increasing demand for safe off-street parking.
• Real estate investment in car parks at commercial property developments.
• Smart parking is opening up the market for participants who are developing apps and other new technology.
• SMEs can enter the services market segment with low barriers to entry.

Threats

• Developments in public transport will reduce demand for parking.
• Electric vehicles and self-park vehicles change requirements for parking spaces.
• Ride-hailing and car sharing services are reducing demand for parking as commuters make less use of their vehicles.
• The recession lead to higher inflation that affects shoppers and result in lower demand for parking.

Outlook

Commentators expect growth in the parking management sector to be driven by technological innovation and traffic congestion in cities. Outsourcing of parking management solutions is expected to continue driving demand in this segment. The weak economic growth following coronavirus will, however, inhibit growth over the next two to three years.

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The Parking Management Services in South Africa
The Parking Management Services in South Africa 2020

Full Report

R 1 900.00(ZAR) estimated $104.58 (USD)*

Industry Landscape

R 1 330.00(ZAR) estimated $ 73.21 (USD)*

Historical Reports

The Parking Management Services in South Africa 2018-10-16

R 1 900.00(ZAR) estimated $104.58 (USD)*

View Report Add to Cart

Table of Contents

[ Close ]
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

Introduction

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. The parking management solutions market is growing as traffic congestion intensifies. The emergence of new technologies is causing rapid changes to the parking management landscape, resulting in new participants that facilitate smart parking that is aided by real-time parking information and technology. The segment of the market that provides services such as advisory services, revenue collection and management of parking operations is highly concentrated with five local companies holding 97% market share. The parking systems segment that comprise monitoring, automated revenue systems and smart solutions for parking areas is fragmented with smaller players holding 34% of market share. International companies have a presence in the systems segment.

Strengths

• Car parks are well-maintained as part of shopping centres and office blocks.
• Enabling technology for IoT networks is available in South Africa and will drive the progression of smart parking.
• Established players are delivering services and systems.
• High demand and inadequate supply of parking spaces are driving market prices up.

Weaknesses

• High crime rates are increasing operating costs as security needs to be provided at parking areas.
• Illegally operating car attendants or car watch services at parking facilities.
• Lack of industry standards.

Opportunities

• High crime rates are increasing demand for safe off-street parking.
• Real estate investment in car parks.
• Smart parking is opening up the market for participants who are developing apps and other new technology.
• SMMEs can enter the market with low barriers to entry.

Threats

• Developments in public transport will reduce demand for parking.
• Electric vehicles and self-park vehicles will change requirements for parking spaces.
• Increasing labour costs.
• Ride-hailing and car sharing services are reducing demand for parking as commuters make less use of their vehicles.
• The recession will lead to higher inflation that will affect shoppers and result in lower demand for parking.

Outlook

Commentators expect the parking management industry to undergo substantial growth which will be primarily driven by three factors: advancement in technology, increasing traffic congestion and the need to develop urban infrastructure. With the integration of various solutions such as analytics, guidance systems and other applications, commercial parking facilities are expected to gain increased traction in coming years. Substantial vertical industry growth for outsourced parking control systems in the short term is expected, according to research by Knowledge Executive. Demand for off-street parking spaces, usually indoor, and outdoor parking spaces such as parking lots and garages that are operated by private agencies, is expected to support the growth of the parking management solutions market.

The Parking Management Services in South Africa
The Parking Management Services in South Africa 2018

Full Report

R 1 900.00(ZAR) estimated $104.58 (USD)*

Industry Landscape

R 1 330.00(ZAR) estimated $ 73.21 (USD)*

Historical Reports

The Parking Management Services in South Africa 2020-06-15

R 1 900.00(ZAR) estimated $104.58 (USD)*

View Report Add to Cart

Table of Contents

[ Close ]
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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