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• Industry standards are outdated.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.
The Parking Management Services in South Africa
2020
Full Report
R 1 900.00(ZAR) estimated $107.74 (USD)*
Industry Landscape
R 1 330.00(ZAR) estimated $ 75.42 (USD)*
Historical Reports
The Parking Management Services in South Africa 2018-10-16
R 1 900.00(ZAR) estimated $107.74 (USD)*
View Report Add to CartTable 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 |
