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PUBLISHER: Grand View Research | PRODUCT CODE: 1512049
PUBLISHER: Grand View Research | PRODUCT CODE: 1512049
North America Commercial Facility Parking Lot Maintenance Market Size, Share & Trends Analysis Report By Application (Workspaces/Office Buildings), By Execution (Outsourced), By Country, And Segment Forecasts, 2024 - 2030
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North America Commercial Facility Parking Lot Maintenance Market Growth & Trends:
The North America commercial facility parking lot maintenance market size is anticipated to reach USD 20.46 billion by 2030, registering a CAGR of 3.4% from 2024 to 2030, according to a new report by Grand View Research, Inc. The rising construction projects of commercial offices, shopping centers, restaurants, and so on, across North America are expected to boost the demand for the maintenance services of the parking lot.
Moreover, the rising number of personal vehicle ownerships in the U.S. is expected to significantly increase the need for a proper parking space dedicated to all personal vehicles, as well as commercial vehicles such as trucks and trolleys. According to estimates, the number of registered vehicles has increased by 3.5% in 2022 from 2018. The rising number of registered vehicles is also expected to drive the parking spaces and parking lots at the commercial buildings. This is also expected to have a positive impact on the parking lot maintenance market in North America.
Further, with the fast-paced economy and proliferating restaurant business, the culture of dining out is becoming a trend in the U.S. and Canada instead of cooking at home. The restaurant businesses have been enjoying the growing demand due to significant changes in their lifestyles. According to the National Restaurant Association, the U.S. restaurant industry is expected to continue this growth. With the increasing growth in the restaurant industry, the demand for parking lot maintenance services is also expected to grow over the forecast period.
Timely parking lot maintenance helps to preserve the property value and ensures that customers, vendors, and visitors are safe on the premises. Furthermore, maintaining parking areas in premises, such as retail stores and office buildings, helps prevent accidental falls and damage to vehicles. Moreover, the traffic around non-residential buildings, such as courthouses, libraries, and hospital buildings, is high. Hence, they require well-maintained parking places, as not properly maintained parking lots can cause damage to light vehicles.
Service providers in the North American commercial facility parking lot maintenance market are adopting several strategies, such as expansions, mergers & acquisitions, partnerships/collaborations, and service launches, to enhance market penetration. For instance, in January 2024, the City of San Luis Obispo introduced a maintenance project for the existing parking structure. The maintenance work comprised cleaning, concrete repair, coating, and painting. The project was awarded to Slater Waterproofing Inc., and the bid amounted to around USD 2.3 million for 842 and 919 Palm Street parking structures.
North America Commercial Facility Parking Lot Maintenance Market Report Highlights:
- The workspaces/office buildings application segment dominated the market in 2023. Commercial facility parking lot maintenance provides cleaning, painting, electrical inspection, structure integrity, etc., to extend the operational lifespan
- The outsourced segment is expected to grow at the highest CAGR over the forecast period. The outsourced execution of the maintenance services includes a third-party approach with defined service contracts. The company allocates a supervisor who ensures the completion of the maintenance tasks on time and with proper procedures
- In New York, effective November 2023, a new rule has been implemented, which brings significant changes in the inspection of the parking garages. All the garages will have to undergo an initial inspection no later than 1st August, 2024, regardless of the scheduled inspection between 2024 and 2027
- In November 2022, Restocon Corporation announced a new division of business, the Line Stripping and Parking Lot Maintenance Division. This new division will cater to clients from airports, municipalities, education, and more
Product Code: GVR-4-68040-314-5
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definitions
- 1.3. Research Methodology
- 1.4. Information Procurement
- 1.4.1. Purchased Database
- 1.4.2. GVR's Internal Database
- 1.4.3. Secondary Sources & Third-Party Perspectives
- 1.4.4. Primary Research
- 1.5. Information Analysis
- 1.5.1. Data Analysis Models
- 1.6. Research Scope and Assumptions
- 1.6.1. List to Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segmental Outlook
- 2.3. Competitive Insights
Chapter 3. North America Commercial Facility Parking Lot Maintenance Market Variables, Trends, & Scope
- 3.1. Market Lineage Outlook
- 3.2. Concentration & Growth Prospect Mapping
- 3.3. Industry Value Chain Analysis
- 3.4. Regulatory Framework
- 3.5. Technology Overview
- 3.6. North America Commercial Facility Parking Lot Maintenance Market - Market dynamics
- 3.6.1. Market Driver Analysis
- 3.6.2. Market Restraint Analysis
- 3.6.3. Market Opportunity Analysis
- 3.6.4. Market Challenge Analysis
- 3.7. Vendor Matrix
- 3.8. Economic Mega Trends Analysis
- 3.9. Industry Analysis Tools: North America Commercial Facility Parking Lot Maintenance Market
- 3.9.1. Porter's Analysis
- 3.9.2. Macroeconomic Analysis
Chapter 4. North America Commercial Facility Parking Lot Maintenance Market: Application Estimates & Trend Analysis
- 4.1. North America Commercial Facility Parking Lot Maintenance Market: Application Outlook
- 4.2. North America Commercial Facility Parking Lot Maintenance Market: Application Movement Analysis, 2023 & 2030
- 4.3. Supermarkets & Hypermarkets
- 4.3.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 4.4. Retail Stores
- 4.4.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 4.5. Restaurants
- 4.5.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 4.6. Hospitals
- 4.6.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 4.7. Public Buildings
- 4.7.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 4.8. Workspaces/Office Buildings
- 4.8.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 4.9. Hospitality
- 4.9.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 4.10. Banks
- 4.10.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 4.11. Convenience Stores
- 4.11.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 4.12. Shopping Centers
- 4.12.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 4.13. Other Commercial Applications
- 4.13.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
Chapter 5. North America Commercial Facility Parking Lot Maintenance Market: Maintenance Estimates & Trend Analysis
- 5.1. North America Commercial Facility Parking Lot Maintenance Market: Maintenance Outlook
- 5.2. North America Commercial Facility Parking Lot Maintenance Market: Maintenance Movement Analysis, 2023 & 2030
- 5.3. Self-perform
- 5.3.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 5.4. Outsourced
- 5.4.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
Chapter 6. North America Commercial Facility Parking Lot Maintenance Market: Country Estimates & Trend Analysis
- 6.1. Country Movement Analysis & Market Share, 2023 & 2030
- 6.2. U.S.
- 6.2.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 6.2.2. Market estimates and forecasts by application, 2018 - 2030 (USD Billion)
- 6.2.3. Market estimates and forecasts by execution, 2018 - 2030 (USD Billion)
- 6.3. Canada
- 6.3.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 6.3.2. Market estimates and forecasts by application, 2018 - 2030 (USD Billion)
- 6.3.3. Market estimates and forecasts by execution, 2018 - 2030 (USD Billion)
Chapter 7. North America Commercial Facility Parking Lot Maintenance Market: Competitive Analysis
- 7.1. Recent Developments & Impact Analysis, By Key Market Participants
- 7.2. Key Company Categorization
- 7.3. Participant's Overview
- 7.4. Financial Performance
- 7.5. Service Benchmarking
- 7.6. Company Market Positioning
- 7.7. Company Market Share Analysis, 2023
- 7.8. Company Heat Map Analysis, 2023
- 7.9. Service Benchmarking Analysis for Key Companies
- 7.10. Competitive Dashboard Analysis
- 7.11. Strategy Mapping
- 7.12. Company Profiles
- 7.12.1. MCS
- 7.12.1.1. Participant's overview
- 7.12.1.2. Financial performance
- 7.12.1.3. Service benchmarking
- 7.12.1.4. Recent developments
- 7.12.2. Lessen
- 7.12.2.1. Participant's overview
- 7.12.2.2. Financial performance
- 7.12.2.3. Service benchmarking
- 7.12.2.4. Recent developments
- 7.12.3. Divisions Maintenance Group
- 7.12.3.1. Participant's overview
- 7.12.3.2. Financial performance
- 7.12.3.3. Service benchmarking
- 7.12.3.4. Recent developments
- 7.12.4. Ferrandino & Son, Inc.
- 7.12.4.1. Participant's overview
- 7.12.4.2. Financial performance
- 7.12.4.3. Service benchmarking
- 7.12.4.4. Recent developments
- 7.12.5. Powerhouse
- 7.12.5.1. Participant's overview
- 7.12.5.2. Financial performance
- 7.12.5.3. Service benchmarking
- 7.12.5.4. Recent developments
- 7.12.6. Eleven Western Builders, Inc.
- 7.12.6.1. Participant's overview
- 7.12.6.2. Financial performance
- 7.12.6.3. Service benchmarking
- 7.12.6.4. Recent developments
- 7.12.7. EMCOR Group Inc.
- 7.12.7.1. Participant's overview
- 7.12.7.2. Financial performance
- 7.12.7.3. Service benchmarking
- 7.12.7.4. Recent developments
- 7.12.8. CLS Facility Services
- 7.12.8.1. Participant's overview
- 7.12.8.2. Financial performance
- 7.12.8.3. Service benchmarking
- 7.12.8.4. Recent developments
- 7.12.9. ABM INDUSTRIES INCORPORATED
- 7.12.9.1. Participant's overview
- 7.12.9.2. Financial performance
- 7.12.9.3. Service benchmarking
- 7.12.9.4. Recent developments
- 7.12.10. Trillium Facility Solutions
- 7.12.10.1. Participant's overview
- 7.12.10.2. Financial performance
- 7.12.10.3. Service benchmarking
- 7.12.10.4. Recent developments
- 7.12.11. Grounds Control USA
- 7.12.11.1. Participant's overview
- 7.12.11.2. Financial performance
- 7.12.11.3. Service benchmarking
- 7.12.11.4. Recent developments
- 7.12.12. Retail Contracting Service
- 7.12.12.1. Participant's overview
- 7.12.12.2. Financial performance
- 7.12.12.3. Service benchmarking
- 7.12.12.4. Recent developments
- 7.12.13. CBM Commercial Maintenance Company
- 7.12.13.1. Participant's overview
- 7.12.13.2. Financial performance
- 7.12.13.3. Service benchmarking
- 7.12.13.4. Recent developments
- 7.12.14. All American Facility Maintenance
- 7.12.14.1. Participant's overview
- 7.12.14.2. Financial performance
- 7.12.14.3. Service benchmarking
- 7.12.14.4. Recent developments
- 7.12.15. Neighborly Company
- 7.12.15.1. Participant's overview
- 7.12.15.2. Financial performance
- 7.12.15.3. Service benchmarking
- 7.12.15.4. Recent developments
- 7.12.16. BrightView Holdings, Inc.
- 7.12.16.1. Participant's overview
- 7.12.16.2. Financial performance
- 7.12.16.3. Service benchmarking
- 7.12.16.4. Recent developments
- 7.12.1. MCS
Product Code: GVR-4-68040-314-5
List of Tables
- Table 1 North America Commercial Facility Parking Lot Maintenance Market Estimates And Forecasts, By Application, 2018 - 2030 (USD Billion)
- Table 2 North America Commercial Facility Parking Lot Maintenance Market Estimates And Forecasts, By Execution, 2018 - 2030 (USD Billion)
- Table 3 U.S. Commercial Facility Parking Lot Maintenance Market Estimates And Forecasts, By Application, 2018 - 2030 (USD Billion)
- Table 4 U.S. Commercial Facility Parking Lot Maintenance Market Estimates And Forecasts, By Execution, 2018 - 2030 (USD Billion)
- Table 5 Canada Commercial Facility Parking Lot Maintenance Market Estimates And Forecasts, By Application, 2018 - 2030 (USD Billion)
- Table 6 Canada Commercial Facility Parking Lot Maintenance Market Estimates And Forecasts, By Execution, 2018 - 2030 (USD Billion)
List of Figures
- Fig. 1 Market Segmentation & Scope
- Fig. 2 Information Procurement
- Fig. 3 Data Analysis Models
- Fig. 4 Market Formulation And Validation
- Fig. 5 Data Validating & Publishing
- Fig. 6 Market Snapshot
- Fig. 7 Segment Snapshot
- Fig. 8 Competitive Landscape Snapshot
- Fig. 9 North America Commercial Facility Parking Lot Maintenance Market Value, 2023 (USD Billion)
- Fig. 10 Concentration And Growth Prospect Mapping
- Fig. 11 North America Commercial Facility Parking Lot Maintenance Market - Value Chain Analysis
- Fig. 12 Market Dynamics
- Fig. 13 Market Driver Analysis
- Fig. 14 Market Restraint Analysis
- Fig. 15 North America Commercial Facility Parking Lot Maintenance Market: PORTER's Analysis
- Fig. 16 North America Commercial Facility Parking Lot Maintenance Market: PESTEL Analysis
- Fig. 17 North America Commercial Facility Parking Lot Maintenance Market, By Application: Key Takeaways
- Fig. 18 North America Commercial Facility Parking Lot Maintenance Market: Application Movement Analysis & Market Share, 2023 & 2030
- Fig. 19 North America Commercial Facility Parking Lot Maintenance Market Estimates & Forecasts, In Supermarkets & Hypermarkets, 2018 - 2030 (USD Billion)
- Fig. 20 North America Commercial Facility Parking Lot Maintenance Market Estimates & Forecasts, In Retail Stores, 2018 - 2030 (USD Billion)
- Fig. 21 North America Commercial Facility Parking Lot Maintenance Market Estimates & Forecasts, In Restaurants, 2018 - 2030 (USD Billion)
- Fig. 22 North America Commercial Facility Parking Lot Maintenance Market Estimates & Forecasts, In Hospitals, 2018 - 2030 (USD Billion)
- Fig. 23 North America Commercial Facility Parking Lot Maintenance Market Estimates & Forecasts, In Public Buildings, 2018 - 2030 (USD Billion)
- Fig. 24 North America Commercial Facility Parking Lot Maintenance Market Estimates & Forecasts, In Workspaces/Office Buildings, 2018 - 2030 (USD Billion)
- Fig. 25 North America Commercial Facility Parking Lot Maintenance Market Estimates & Forecasts, In Hospitality, 2018 - 2030 (USD Billion)
- Fig. 26 North America Commercial Facility Parking Lot Maintenance Market Estimates & Forecasts, In Banks, 2018 - 2030 (USD Billion)
- Fig. 27 North America Commercial Facility Parking Lot Maintenance Market Estimates & Forecasts, In Convenience Stores, 2018 - 2030 (USD Billion)
- Fig. 28 North America Commercial Facility Parking Lot Maintenance Market Estimates & Forecasts, In Shopping Centers , 2018 - 2030 (USD Billion)
- Fig. 29 North America Commercial Facility Parking Lot Maintenance Market Estimates & Forecasts, In Other Commercial Application , 2018 - 2030 (USD Billion)
- Fig. 30 North America Commercial Facility Parking Lot Maintenance Market, By Execution : Key Takeaways
- Fig. 31 North America Commercial Facility Parking Lot Maintenance Market: Execution Movement Analysis & Market Share, 2023 & 2030
- Fig. 32 North America Commercial Facility Parking Lot Maintenance Market Estimates & Forecasts, By Self-perform, 2018 - 2030 (USD Billion)
- Fig. 33 North America Commercial Facility Parking Lot Maintenance Market Estimates & Forecasts, By Outsourced, 2018 - 2030 (USD Billion)
- Fig. 34 North America Commercial Facility Parking Lot Maintenance Market Estimates & Forecasts, By Country, 2018 - 2030 (USD Billion)
- Fig. 35 U.S Commercial Facility Parking Lot Maintenance Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- Fig. 36 U.S Commercial Facility Parking Lot Maintenance Market Estimates & Forecasts, By Application, 2018 - 2030 (USD Billion)
- Fig. 37 U.S Commercial Facility Parking Lot Maintenance Market Estimates & Forecasts, By Execution, 2018 - 2030 (USD Billion)
- Fig. 38 Total Construction Spending in U.S., USD Billion, 2021-2023
- Fig. 39 Canada Commercial Facility Parking Lot Maintenance Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- Fig. 40 Canada Commercial Facility Parking Lot Maintenance Market Estimates & Forecasts, By Application, 2018 - 2030 (USD Billion)
- Fig. 41 Canada Commercial Facility Parking Lot Maintenance Market Estimates & Forecasts, By Execution, 2018 - 2030 (USD Billion)
- Fig. 42 Investments in Non-Residential Building Construction, November 2023 (% Change)
- Fig. 43 Key Company/Competition Categorization
- Fig. 44 Company Market Positioning
- Fig. 45 Company Market Share Analysis, 2023
- Fig. 46 Competitive Dashboard Analysis
- Fig. 47 Strategic Framework
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