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Car Parks in Germany - Market Research Report (2014-2029)

Veton Hoxhaj Veton Hoxhaj Frankfurt, Germany Last Updated: June 2024 WZ SP52.01DE Spotlight Report

Revenue

€1.5bn

2024

€1.5bn

Past 5-Year Growth

Profit

€XX.Xm

Employees

7,710

Businesses

166

Wages

€XXX.Xm

Car Parks in Germany industry analysis

Operators of car parks and parking spaces have experienced an ambivalent business development over the past five years. In principle, they have benefited from the long-term trend of increasing numbers of vehicles on German roads and, at the same time, from the increasing elimination of parking facilities directly on public roads as part of modern urban planning. However, the outbreak of the coronavirus pandemic in 2020 temporarily led to significant sales losses for many industry players. Particularly during the lockdowns in 2020 and 2021, the demand for parking facilities in city centres and at highly frequented locations such as airports fell rapidly, which had a strong negative impact on the turnover and earnings of car park operators. As a result, industry turnover has fallen by an average of 2.9% per year over the past five years.Since 2021, the industry has increasingly put the economic upheavals of the coronavirus pandemic behind it. As in previous years, many operators responded to the cost increases associated with Russia's invasion of Ukraine in 2022 by adjusting their car park tariffs and management fees. IBISWorld expects the industry's turnover to grow by 2.6% year-on-year to 1.5 billion euros in the current year. < />In the next five years, industry turnover is expected to increase by an average of 2% per year to 1.7 billion euros. Cars are likely to remain the most important means of transport in Germany in the coming years, and the importance of car parks in the overall system of public parking space management is likely to increase even more than in the past. Measures such as the expansion of e-charging points and digitalised parking and payment systems in car parks are also likely to contribute to this. At the same time, competition from alternative transport concepts and means is likely to increase further, which will limit the dynamic growth of the sector.

Trends and Insights

  • The industry is likely to continue to grow in the future. This is due to the increasing expansion of electric charging stations, the availability of fewer and fewer free parking spaces and dynamic tariff models.
  • Technological innovations are increasing the demand for short-term parking spaces, while alternative means of transport are reducing the demand for long-term parking spaces. Advanced payment and reservation systems are making short-term parking more attractive, while long-term parking is likely to be less in demand due to the increasing use of car sharing.
  • The industry is fragmented. The car park operator sector is characterised by medium-sized players that mainly operate in local markets. Nevertheless, there are also a few internationalised parking space groups on the German market that are leaders in the sector.

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  • Competitive analysis, industry segmentation, financial benchmarks
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Industry Statistics and Trends

Market size and recent performance (2014-2029)

Industry revenue has declined at a CAGR of 2.9 % over the past five years, to reach an estimated €1.5bn in 2024.

Trends and Insights

The increasing spread of electric cars is leading to rising demand for charging stations in car parks

  • Parking garage and car park operators are recognising this need and are increasingly investing in the installation of e-charging points. According to a survey by the German Car Park Association, around 5,700 e-charging points were in operation in 2022 and 11,400 additional e-charging points are expected to be added by 2025.
  • Additional trends and insights available with purchase
Car Parks in Germany
Revenue (2014-2029)
IBISWorld Logo Source: IBISWorld

Industry outlook (2024-2029)

Market size is projected to grow over the next five years.

Trends and Insights

The expansion of e-charging points is likely to continue

  • The trend towards electric cars is changing the industry. As the number of electric cars increases, so does the demand for charging stations in car parks. In the future, charging stations could become standard equipment in car parks, generating additional revenue through service fees for charging electric cars and thus expanding the business model.

Biggest companies in the Car Parks in Germany

There are no companies that hold a large enough market share in the Car Parks in Germany industry for IBISWorld to include in this product.

Products & Services Segmentation

Car Parks in Germany
Products & Services
IBISWorld Logo Source: IBISWorld

Industry revenue is measured across several distinct product and services lines, including Short-term parking and Long-term parking. Short-term parking is the largest segment of the Car Parks in Germany.

Trends and Insights

Technological innovations and the reduction of free public car parks are increasing sales in the short-term parking segment

  • The short-term parking product segment comprises multi-storey car parks and parking spaces for customers who only want to park for a short time. Short-term parkers often use the parking facilities for shopping, business meetings, leisure activities or short stays in city centres.
  • More insights available in the full report

Table of Contents

About this industry

Industry definition

The sector comprises private companies and public sector companies that operate car parks, multi-storey car parks and bicycle parking spaces located off public roads. The managed areas and buildings are either owned by the companies or are managed on the basis of lease or management contracts. The parking spaces offered are typically rented out on the basis of hourly, daily or monthly rates. The management of parking spaces directly on public roads is not part of the industry.

What's included in this industry?

Management of short-term car parksManagement of permanent car parksParking services

Companies

Purchase this report to view all major companies in this industry.

Related Terms

PARKING SYSTEMDYNAMIC PRICING

Performance

Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.

Analyst insights

The industry is likely to continue to grow in the future. This is due to the increasing expansion of electric charging stations, the availability of fewer and fewer free park...

In this chapter (4)

  • Current Performance
  • Outlook
  • Volatility
  • Life Cycle

Key metrics

  • Annual Revenue, Recent Growth, Forecast, Revenue Volatility
  • Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
  • Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
  • Total Profit, Profit Margin, Profit per Business

Charts

  • Revenue, including historical (2014-2023) and forecast (2024-2029)
  • Employees, including historical (2014-2023) and forecast (2024-2029)
  • Businesses, including historical (2014-2023) and forecast (2024-2029)
  • Profit, including historical (2014-2024)
  • Industry Volatility vs. Revenue Growth
  • Industry Life Cycle

Detailed analysis

  • Trends in supply, demand and current events that are driving current industry performance
  • Expected trends, economic factors and ongoing events that drive the industry's outlook
  • Factors that influence volatility in the industry
  • Key success factors for businesses to overcome volatility

Products and Markets

Learn about an industry's products and services, markets and trends in international trade.

Analyst insight

Technological innovations are increasing the demand for short-term parking spaces, while alternative means of transport are reducing the demand for long-term parking spaces. ...

In this chapter

  • Products & Services
  • Major Markets

Key metrics

  • Largest market segment and value in 2024
  • Product innovation level

Charts

  • Products & services segmentation in 2024
  • Major market segmentation in 2024

Detailed analysis

  • Trends impacting the recent performance of the industry's various segments
  • Innovations in the industry's product or service offering, specialization or delivery method
  • Key factors that successful businesses consider in their offerings
  • Buying segments and key trends influencing demand for industry products and services

Geographic Breakdown

Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.

Analyst insights

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In this chapter (1)

  • Business Locations

Charts

  • Share of revenue, establishment, wages and employment in each region
  • Share of population compared to establishments in each region in 2024

Tables

  • Number and share of establishments in each region in 2024
  • Number and share of revenue each region accounts for in 2024
  • Number and share of wages each region accounts for in 2024
  • Number and share of employees in each region in 2024

Detailed analysis

  • Key success factors for businesses to use location to their advantage

Competitive Forces

Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.

Analyst insights

The industry is fragmented. The car park operator sector is characterised by medium-sized players that mainly operate in local markets. Nevertheless, there are also a few int...

In this chapter (4)

  • Concentration
  • Barriers to Entry
  • Substitutes
  • Buyer & Supplier Analysis

Key metrics

  • Industry concentration level
  • Industry competition level and trend
  • Barriers to entry level and trend
  • Substitutes level and trend
  • Buyer power level and trend
  • Supplier power level and trend

Charts

  • Market share concentration among the top 4 suppliers from 2019-2024
  • Supply chain including upstream supplying industries and downstream buying industries, flow chart

External Environment

Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.   

Analyst insights

Parking spaces in Germany must fulfil minimum legal requirements. The garage ordinances of the German federal states contain basic regulations for the design and operation of...

In this chapter

  • External Drivers
  • Regulation & Policy
  • Assistance

Key metrics

  • Regulation & policy level and trend
  • Assistance level and trend

Detailed analysis

  • Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance

Financial Benchmarks

View average costs for industry operators and compare financial data against an industry's financial benchmarks over time. 

Analyst insights

The profitability of individual parking properties is determined by their surroundings and the level of operating costs. Car parks and parking spaces in highly frequented loc...

In this chapter

  • Cost Structure
  • Financial Ratios
  • Key Ratios

Key metrics

  • Profit margin, and how it compares to the sector-wide margin
  • Average wages, and how it compares to the sector-wide average wage
  • Largest cost component as a percentage of revenue
  • Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio

Charts

  • Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
  • Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
  • Investment vs. share of economy

Data tables

  • Cash Flow & Debt Service Ratios (2014-2029)
  • Revenue per Employee (2014-2029)
  • Revenue per Enterprise (2014-2029)
  • Employees per Establishment (2014-2029)
  • Employees per Enterprise (2014-2029)
  • Average Wage (2014-2029)
  • Wages/Revenue (2014-2029)
  • Establishments per Enterprise (2014-2029)
  • IVA/Revenue (2014-2029)
  • Imports/Demand (2014-2029)
  • Exports/Revenue (2014-2029)

Detailed analysis

  • Trends in the cost component for industry operators and their impact on industry costs and profitability 

Key Statistics

Industry Data

Data Tables

Including values and annual change:

  • Revenue (2014-2029)
  • IVA (2014-2029)
  • Establishments (2014-2029)
  • Enterprises (2014-2029)
  • Employment (2014-2029)
  • Exports (2014-2029)
  • Imports (2014-2029)
  • Wages (2014-2029)

Top Questions Answered

Unlock comprehensive answers and precise data upon purchase. View purchase options.

What is the market size of the Car Parks industry in Germany in 2024?

The market size of the Car Parks industry in Germany is €1.5bn in 2024.

How many businesses are there in the Car Parks in Germany industry in 2024?

There are 166 businesses in the Car Parks industry in Germany, which has declined at a CAGR of 0.7 % between 2019 and 2024.

Has the Car Parks industry in Germany grown or declined over the past 5 years?

The market size of the Car Parks industry in Germany has been declining at a CAGR of 2.9 % between 2019 and 2024.

What is the forecast growth of the Car Parks industry in Germany over the next 5 years?

Over the next five years, the Car Parks industry in Germany is expected to grow.

What does the Car Parks in Germany include?

Management of short-term car parks and Management of permanent car parks are part of the Car Parks industry.

How competitive is the Car Parks industry in Germany?

The level of competition is low and steady in the Car Parks industry in Germany.

Related Industries

Widen your competitive advantage with related industries

View all industries in Germany

Methodology

How are IBISWorld reports created?

IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.

Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.

IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.

What data sources do IBISWorld analysts use?

Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.

Key data sources in Germany include:

  • German Federal Statistics Office (Destatis)
  • European Statistics Office (Eurostat)
  • United Nations Comtrade

Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.

These sources include:

  • Industry and trade associations
  • Industry federations or regulators
  • Major industry players annual or quarterly filings

Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.

How does IBISWorld forecast its data?

IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.

IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.

Learn more about our methodology and data sourcing on the Help Center.