U.S. PARKING SERVICES MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2026 - 2033)

U.S. Parking Services Market, Asset Type (Privately Owned Parking Facilities, Publicly Owned Parking Facilities, and Mixed Public–Private Ownership), Operating Model (Self-Operated, Third-Party Parking Operators, and Hybrid Management Models), Service Type (Parking Management Services, Parking Payment & Access Technology Services, Valet Services, and Specialty Services), Parking Type (Off-street Parking and On-street Parking), End User (Hotels and Resorts, Airports, Transport Transit, Hospitals, Shopping Malls and Retail Centers, Residential Complexes, and Others)

Published In: 17 Feb, 2026
Code: CMI9343
Page number: 155
Formats: Excel and PDF
Industry: Automotive and Transportation
- Historical Range : 2020 - 2024
- Base Year : 2025
- Estimated Year : 2026
- Forecast Period : 2026 - 2033

According to Coherent Market Insights, the U.S. parking services market size is expected to stand at USD 30 Bn in 2026 and is projected to reach USD 42 Bn by 2033, expanding at a compound annual growth rate (CAGR) of 4.9% from 2026 to 2033. The U.S. parking services market represents a critical component of urban infrastructure and transportation ecosystems, encompassing a comprehensive range of solutions designed to optimize vehicle storage and management across various sectors.

This market includes traditional parking facilities such as garages, lots, and street parking, alongside innovative smart parking technologies that leverage IoT sensors, mobile applications, and automated payment systems. The industry serves diverse end-users including commercial establishments, residential complexes, airports, shopping centers, hospitals, and municipal authorities, each requiring tailored parking solutions to address specific operational needs.

Market Dynamics

The U.S. parking services market is propelled by several key drivers that underscore the increasing demand for sophisticated parking solutions across urban landscapes. Rapid urbanization and population growth in metropolitan areas have created unprecedented pressure on existing parking infrastructure, necessitating more efficient space utilization and management strategies. The proliferation of smart city initiatives has accelerated the adoption of technology-driven parking solutions, including IoT-enabled sensors, real-time availability tracking, and mobile payment platforms that enhance user experience while optimizing operational efficiency.

However, the market faces significant restraints including high initial capital investment requirements for implementing advanced parking technologies, particularly automated systems and comprehensive smart parking infrastructure. Regulatory complexities and zoning restrictions in densely populated urban areas often limit expansion opportunities for parking facility development. Furthermore, the emergence of ride-sharing services and evolving mobility patterns, particularly among younger demographics, has created uncertainty regarding long-term parking demand in certain segments.

Key Features of the Study

This report provides in-depth analysis of the U.S. parking services market, and provides market size (USD Billion) and compound annual growth rate (CAGR%) for the forecast period (2026–2033), considering 2025 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the U.S. parking services market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include SP Plus Corporation, LAZ Parking, ABM Industries Inc, Propark Mobility, ParkMobile LLC, SpotHero Inc, ParkWhiz Inc, Passport Labs Inc, Flowbird Group, ParkHub Inc., Smarking Inc, Parkopedia Ltd., FlashParking Inc, Reef Technology Inc, and Impark
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The U.S. parking services market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the U.S. parking services market

Market Segmentation

Asset Type Insights (Revenue, USD Billion, 2021 - 2033)
- Privately Owned Parking Facilities
- Publicly Owned Parking Facilities
- Mixed Public–Private Ownership
Operating Model Insights (Revenue, USD Billion, 2021 - 2033)
- Self-Operated
- Third-Party Parking Operators
- Hybrid Management Models
Service Type Insights (Revenue, USD Billion, 2021 - 2033)
- Parking Management Services
- Parking Payment & Access Technology Services
- Valet Services
- Specialty Services
Parking Type Insights (Revenue, USD Billion, 2021 - 2033)
- Off-street Parking
- On-street Parking
End User Insights (Revenue, USD Billion, 2021 - 2033)
- Hotels and Resorts
- Airports
- Transport Transit
- Hospitals
- Shopping Malls and Retail Centers
- Residential Complexes
- Others
Key Players Insights
- SP Plus Corporation
- LAZ Parking
- ABM Industries Inc
- Propark Mobility
- ParkMobile LLC
- SpotHero Inc
- ParkWhiz Inc
- Passport Labs Inc
- Flowbird Group
- ParkHub Inc.
- Smarking Inc
- Parkopedia Ltd.
- FlashParking Inc
- Reef Technology Inc
- Impark

Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
Market Purview
- Report Description
  - Market Definition and Scope
- Executive Summary
  - U.S. Parking Services Market, Asset Type
  - U.S. Parking Services Market, Operating Model
  - U.S. Parking Services Market, Service Type
  - U.S. Parking Services Market, Parking Type
  - U.S. Parking Services Market, End User
Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Driver
- Restraint
- Opportunity
- Impact Analysis
- Key Developments
- Regulatory Scenario
- Product Launches/Approvals
- PEST Analysis
- PORTER’s Analysis
- Merger and Acquisition Scenario
- Industry Trends
U.S. Parking Services Market, Asset Type, 2021-2033, (USD Billion)
- Introduction
  - Market Share Analysis, 2026 and 2033 (%)
  - Y-o-Y Growth Analysis, 2022 - 2033
  - Segment Trends
- Privately Owned Parking Facilities
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2021-2033, (USD Billion)
- Publicly Owned Parking Facilities
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2021-2033, (USD Billion)
- Mixed Public–Private Ownership
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2021-2033, (USD Billion)
U.S. Parking Services Market, Operating Model, 2021-2033, (USD Billion)
- Introduction
  - Market Share Analysis, 2026 and 2033 (%)
  - Y-o-Y Growth Analysis, 2022 - 2033
  - Segment Trends
- Self-Operated
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2021-2033, (USD Billion)
- Third-Party Parking Operators
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2021-2033, (USD Billion)
- Hybrid Management Models
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2021-2033, (USD Billion)
U.S. Parking Services Market, Service Type, 2021-2033, (USD Billion)
- Introduction
  - Market Share Analysis, 2026 and 2033 (%)
  - Y-o-Y Growth Analysis, 2022 - 2033
  - Segment Trends
- Parking Management Services
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2021-2033, (USD Billion)
- Parking Payment & Access Technology Services
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2021-2033, (USD Billion)
- Valet Services
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2021-2033, (USD Billion)
- Specialty Services
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2021-2033, (USD Billion)
U.S. Parking Services Market, Parking Type, 2021-2033, (USD Billion)
- Introduction
  - Market Share Analysis, 2026 and 2033 (%)
  - Y-o-Y Growth Analysis, 2022 - 2033
  - Segment Trends
- Off-street Parking
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2021-2033, (USD Billion)
- On-street Parking
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2021-2033, (USD Billion)
U.S. Parking Services Market, End User, 2021-2033, (USD Billion)
- Introduction
  - Market Share Analysis, 2026 and 2033 (%)
  - Y-o-Y Growth Analysis, 2022 - 2033
  - Segment Trends
- Hotels and Resorts
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2021-2033, (USD Billion)
- Airports
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2021-2033, (USD Billion)
- Transport Transit
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2021-2033, (USD Billion)
- Hospitals
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2021-2033, (USD Billion)
- Shopping Malls and Retail Centers
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2021-2033, (USD Billion)
- Residential Complexes
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2021-2033, (USD Billion)
- Others
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2021-2033, (USD Billion)
Competitive Landscape
- SP Plus Corporation
  - Company Highlights
  - Product Portfolio
  - Key Developments
  - Financial Performance
  - Strategies
- LAZ Parking
  - Company Highlights
  - Product Portfolio
  - Key Developments
  - Financial Performance
  - Strategies
- ABM Industries Inc
  - Company Highlights
  - Product Portfolio
  - Key Developments
  - Financial Performance
  - Strategies
- Propark Mobility
  - Company Highlights
  - Product Portfolio
  - Key Developments
  - Financial Performance
  - Strategies
- ParkMobile LLC
  - Company Highlights
  - Product Portfolio
  - Key Developments
  - Financial Performance
  - Strategies
- SpotHero Inc
  - Company Highlights
  - Product Portfolio
  - Key Developments
  - Financial Performance
  - Strategies
- ParkWhiz Inc
  - Company Highlights
  - Product Portfolio
  - Key Developments
  - Financial Performance
  - Strategies
- Passport Labs Inc
  - Company Highlights
  - Product Portfolio
  - Key Developments
  - Financial Performance
  - Strategies
- Flowbird Group
  - Company Highlights
  - Product Portfolio
  - Key Developments
  - Financial Performance
  - Strategies
- ParkHub Inc.
  - Company Highlights
  - Product Portfolio
  - Key Developments
  - Financial Performance
  - Strategies
- Smarking Inc
  - Company Highlights
  - Product Portfolio
  - Key Developments
  - Financial Performance
  - Strategies
- Parkopedia Ltd.
  - Company Highlights
  - Product Portfolio
  - Key Developments
  - Financial Performance
  - Strategies
- FlashParking Inc
  - Company Highlights
  - Product Portfolio
  - Key Developments
  - Financial Performance
  - Strategies
- Reef Technology Inc
  - Company Highlights
  - Product Portfolio
  - Key Developments
  - Financial Performance
  - Strategies
- Impark
  - Company Highlights
  - Product Portfolio
  - Key Developments
  - Financial Performance
  - Strategies
Analyst Recommendations
- Wheel of Fortune
- Analyst View
- Coherent Opportunity Map
References and Research Methodology
- References
- Research Methodology
- About us

*Browse 32 market data tables and 28 figures on ‘Parking Services Market' – U.S. Forecast to 2033

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