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Parking Lots & Garages in Newfoundland

Author.Name IBISWorld Canada Last Updated: August 2025 NAICS NL81293CA

Parking Lots & Garages in Newfoundland industry analysis

Revenue for the Parking Lots & Garages industry in Newfoundland And Labrador is expected to grow an annualized x.x% to $x.x million over the five years to 2025, while revenue for the national industry will likely grow at x% during the same period. The number of industry establishments has stagnated an annualized x% to x locations over the past five years. Industry employment has decreased an annualized -x.x% to xx workers during the period, while industry wages have decreased an annualized -x.x% to $x.x thousand.

Over the five years to 2030, provincial industry revenue is expected to grow an annualized x% to $x.x million, while revenue for the national industry will likely grow x.x%. The number of industry establishments is forecast to stagnate x% to x locations over the next five years. Industry employment is expected to increase an annualized x.x% to xx workers during the outlook period, while industry wages likely increase x% to $x.x thousand.

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About the Parking Lots & Garages in Newfoundland Market Research Report

What’s Included in the Parking Lots & Garages in Newfoundland Market Research Report

Definition of the Parking Lots & Garages in Newfoundland?

Operators in the Parking Lots and Garages industry in Canada provide parking and valet services for motor vehicles on an hourly, daily or monthly basis. Industry participants operate via management contracts, lease agreements or property ownership.

What’s included in the Parking Lots & Garages in Newfoundland?

The Parking Lots & Garages in Newfoundland includes parking management contracts, leased parking facility management, valet services, shuttle bus services and on-street parking. Related terms covered in the Parking Lots & Garages in Newfoundland industry report includes an arrangement where a service provider rents the property their business is on and is not responsible for major maintenance or capital expenditures on the property or real estate taxes, an agreement where a facility is managed for a fixed fee while the landowner or contracting business receives all payments and covers maintenance and rental or mortgage costs and a fully or semiautomated parking system that minimizes the area needed to park cars through mechanical lifts.

Industry Performance of the Parking Lots & Garages industry in Newfoundland

Benchmark the Parking Lots & Garages in Newfoundland industry performance with all NL Census Metropolitan Area and national performance.

Parking Lots & Garages in Newfoundland

#9 in Highest Revenue 0.3% of province's GDP
Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

Parking Lots & Garages in Canada


Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

For the full list of industry drivers, see report purchase options.

Key Drivers of the Parking Lots & Garages industry in Newfoundland

See how key industry drivers, such as median houshold income, private investment in residential construction, gross domestic product, number of motor vehicle registrations, per capita disposable income and international trips by canadian residents are impacting Parking Lots & Garages in Newfoundland

Newfoundland Economic Indicators

Median Houshold Income
Private Investment in Residential Construction
Gross Domestic Product

View more economic information in NL State Economic profile

Canada Key External Drivers

Number of motor vehicle registrations
Per capita disposable income
International trips by Canadian residents

For the full list of industry drivers, see report purchase options.

Census Metropolitan Area Data of the Parking Lots & Garages industry in Newfoundland

Access proprietary data on Census Metropolitan Area in the Parking Lots & Garages in Newfoundland, such as St. John's. Data includes figures on revenue, establishments, employees and wages by Census Metropolitan Areas.

Key Statistics of the Parking Lots & Garages industry in Newfoundland

Download 18 years of historical data and 5 years of projected performance.

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Top Questions Answered in this Report

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What is the market size of the Parking Lots & Garages industry in Newfoundland in 2025?

The market size of the Parking Lots & Garages industry in Newfoundland is $1.6m in 2025.

How many businesses are there in the Parking Lots & Garages industry in Newfoundland in 2025?

There are 4 businesses in the Parking Lots & Garages industry in Newfoundland, which has been declining at an average annual rate of 0.0% from 2020 to 2025.

Has the Parking Lots & Garages industry in Newfoundland grown or declined over the past 5 years?

The market size of the Parking Lots & Garages industry in Newfoundland has been growing at an average annual rate of 1.5% from 2020 to 2025.

How many employees in the Parking Lots & Garages industry in Newfoundland in 2025?

There are 11 employees in the Parking Lots & Garages industry in Newfoundland, which has been declining at an average annual rate of -4.7% from 2020 to 2025.