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Companies that provide parking facilities.
Technology has changed the parking facility management industry. While several operators in Europe have fully automated garages, US operators have lagged in applying this technology. Increased automation is being driven by the focus on higher margins. Parking facility operators are trying to balance automation and increased margins with customer service.
Hoover's has developed its own industry classifications to better serve its customers. These classifications are mapped to the North American Industry Classification System (NAICS) and the older U.S. Standard Industrial Classification (SIC) system. The Parking Facility Management maps to a number of NAICS codes including:
Using the 2002 Census Bureau Economic Census, Hoover's has generated an industry financial summary for the Parking Facility Management industry.