Content of the study:
The private parking market - France

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MARKET OVERVIEW

1.1 Introduction and definition of the private parking lot market

The need for parking lots arose with the democratization of the automobile in Europe and the United States, and the need to solve the first problems of urban congestion. In 1962, the first GTM parking lot was built on Place des Invalides. The private parking lot market is a segment of the regulated parking market, involving the payment of a fee for a limited parking time. Parking lots can be on-street (along the public highway) or off-street (underground or in enclosed reserved spaces).

There are different types of parking lots in France:

  • private parking lots, managed by a private individual, company or organization;
  • private parking lots for public use, such as supermarket parking lots with free access;
  • public parking lots, managed by the State and owned by local authorities (roadside, underground and above-ground).

The global parking market is doing well. estimated at $4.38 billion in 2022, it should grow at a CAGR of 12.1% until 2030. This market is strongly correlated with the automobile market, which is booming, with 2 billion cars expected by 2040.

The French market, equally divided between on- and off-street facilities, is also doing well.parking lot management is a highly profitable business, dominated by a handful of players, including Indigo, the undisputed market leader in France. Two factors have profoundly altered the sector: the end of concessions for parking lots built between the 1960s and 1980s, and the policies implemented in recent years, which have largely reduced the number of on-street spaces.

Municipalities are the main buyers of parking lots. They are increasingly turning to private parking operators (more than half of the total parking lot market in France), often from the construction industry. The latter build and then operate the parking lots. SEMs (semi-public companies) are another possible form of management, and a minority of towns and cities choose to manage this activity directly with a régie. new entrants (freeway concessionaires, airport managers) are taking an interest in this buoyant market, which is not very sensitive to the economic climate, thus significantly altering the structure of the private parking lot market in France.

1.2 A global parking market dominated by the United States

Estimated at $*.** billion in ****, the global parking market is expected to grow at a CAGR of **.*% to ****.

Sales growth projections for the global parking management market World, **** - ****, in $ billions Source: ****

Growth in the parking management market is driven by the increasing number of vehicles, demand for efficient traffic management solutions ...

1.3 A growing French market

According to the Fédération Nationale du Marché du Stationnement (***), in *,*** parking lots. The industry generates sales of *.* billion euros and employs *,*** people[***]. The French parking lot management market is highly concentrated, dominated by Indigo, Effia and Q-Park.

Market share of different groups by number of car parks France, ****, in Source: ...

DEMAND ANALYSIS

2.1 Rising motorization of French households

Despite a sharp drop in new vehicle sales in recent years, the household car ownership rate has remained relatively stable, reaching **.*% in ****[***].

Share of motorized households France, ****-****, in Source: ****

Over the long term, there has even been a slight increase in this rate, which was closer to **% in the early ...

2.2 Passenger car fleet in France

A car spends more than **% of its life in a car park, and the evolution of the French car fleet is therefore naturally the primary determinant of parking demand[***]. The size of the French car fleet has generally been on the rise since the beginning of the century, driving the need ...

2.3 The low popularity of parking lots

Generally speaking, city dwellers are not satisfied with the parking facilities on offer. Indeed, according to an Odoxa survey conducted for France Bleu in ****, parking spaces were among the measures taken by municipalities with which urbanites were least satisfied, with only **% of respondents declaring themselves satisfied.

Urbanites' level of satisfaction with ...

2.4 New rules for parking motorized two-wheelers in Paris

Since the introduction of paid parking for thermal motorized two-wheelers in Paris and the Île-de-France region on *ᵉʳ September ****, a majority of drivers are considering changing their travel habits. According to an OpinionWay survey for mobility app Freenow, **% of drivers affected by the measure are considering changing their mode of transport, and ...

MARKET STRUCTURE

3.1 The French parking market and the concession model

As already mentioned, there are different types of parking lots (***). Thus, the parking market encompasses only regulated on-street and off-street parking, characterized by the payment of a fee and a limited parking time. For example, the parking market does not include garages and private parking spaces[***].

Here, the private parking market ...

3.2 Indigo, the undisputed market leader

Among the private players specializing in parking, the main companies are Indigo, QPark, Effia, Interparking and APCOA. While APCOA dominates the European market, Indigo is the French market leader, with a **.**% share of French car parks (***).formed in **** from the merger of Sogeparc and Parcs GTM, and originally named Vinci Park, ...

3.3 Focus on medium-sized players

Although operators such as Indigo and Q-Park largely dominate the sector, there are also many local players, which we present in this section. The following table lists a number of smaller operators operating on a more local scale in France.

Source: ****

Many of these parking lots, although fee-paying, are not entirely ...

OFFER ANALYSIS

4.1 The different types of parking lot

As mentioned above, there are several types of parking lot, depending on whether they are multi-storey or not. To give you a more detailed idea, we can distinguish between the following types of parking lot[***] :

Surface parking lots

Above-ground parking lots are parking facilities on the ground level, usually delimited by ...

4.2 Activity costs and pricing

According to Turner & Townsend, the cost of building a parking lot in Paris in **** was €*,***/m* for underground parking lots and €***/m* for surface parking lots. Prices rose by *.*% between **** and ****.

Construction costs for parking lots in Paris France, ****-****, in €/m* Source: ****

In addition, Evo-park, a company specializing in parking ...

4.3 The gradual disappearance of on-street parking in favor of multi-storey car parks

As a result of the interaction of many factors, including urban planning concerns and measures to limit cars in city centers, on-street parking spaces are becoming increasingly scarce in France. In ****, **% of cities reported having removed a significant number of on-street parking spaces over the past five years.

The city of ...

4.4 Parking in cities: towards connected, multi-modal spaces

The axes of intermodality:

in France today, **% of home-work journeys are monomodal. There is therefore a real opportunity for better fragmentation of the journey, which is a key issue in the energy transition. Here are just some of the areas under study in the parking sector:

car-sharing; parking facilities for two-wheelers ...

REGULATIONS

5.1 Parking space regulations

Dimensions:

Parking spaces are subject to dimensional regulations concerning pavement markings, depending on the type of storage:

Source: ****

These dimensions are governed by standard NF P**-***.

Disabled and PRM parking spaces:

Since ****, it has been mandatory to have at least *% of the number of spaces adapted for PRM. The spaces ...

5.2 Car park construction standards

Construction standards for parking lots vary according to a number of factors:

Type: public or private Construction method and land: underground, surface, overhead, etc. Capacity: number of spaces Traffic flow within the parking lot: one-way or two-way Etc...

Based on these criteria, the main elements concerned by the regulations are as ...

POSITIONING THE PLAYERS

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Reviews (3)

Reviews (3)

The stationary toilet market - France

Publicado en 12/01/2022 by Client anonyme - Ce client a souhaité rester anonyme

A highly quantified study. Despite the investments made by local authorities, the mistrust of public toilets is confirmed. The smart toilet market has not yet taken off.


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Hello Geoffroy, Thank you for your feedback and we are delighted that this study has given you a good overview of the market.

The public lighting market - France

Publicado en 27/10/2021 by Stéphane Naville - AXIONE SAS

Good level of synthesis allowing to go to the essential of a market (supply, demand, actors) quickly!


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The veneers and wood panels market - France

Publicado en 08/09/2020 by Client Anonyme - Ce client a souhaité rester anonyme

A synthetic and easy to read study, usable for us.


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