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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.

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.

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The Parking Management Services in South Africa 2020

Full Report

R 1 900.00(ZAR) estimated $101.93 (USD)*

Industry Overview

R 1 330.00(ZAR) estimated $ 71.35 (USD)*

Historical Reports

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

R 1 900.00(ZAR) estimated $101.93 (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

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.

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.

Read More..
The Parking Management Services in South Africa 2018

Full Report

R 1 900.00(ZAR) estimated $101.93 (USD)*

Industry Overview

R 1 330.00(ZAR) estimated $ 71.35 (USD)*

Historical Reports

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

R 1 900.00(ZAR) estimated $101.93 (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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