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Parking Lots & Garages in Canada Industry Data and Analysis
The parking facilities across Canada have seen changing dynamics over recent years, reflecting both evolving consumer needs and shifting urban priorities. Demand for parking remains below the pre-pandemic highs, largely because of new work patterns and rising office vacancies in key urban centres. Parking facilities encounter a profit squeeze, as revenue from the daily commuter pool has not entirely rebounded, while changes in customer habits influence how and when people choose to park. Technology upgrades such as automated payments, EV charging and real-time analytics are enhancing operational efficiency and helping select locations retain their customer base. As cities focus on downtown revitalization and mobility reform, facilities must closely monitor usage trends and adopt digital solutions to remain competitive. Industry revenue has been decreasing at a CAGR of 3.0% over the past five years to total an estimated $651.4 million in 2025, including an estimated drop of 1.2% in 2025.
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What's included in this industry analysis
IBISWorld's research coverage on the Parking Lots & Garages industry in Canada includes market sizing, forecasting, data and analysis from 2015-2030. The most recent publication was released November 2025.
About this industry
What's this industry report about?
The Parking Lots & Garages industry in Canada operates under the NAICS industry code 81293CA. 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. Related terms covered in the Parking Lots & Garages industry in Canada include lease operation, management contract and mechanical parking structure.
What's included in this industry?
Products and services covered in Parking Lots & Garages industry in Canada include Off-street parking hourly or daily, Weekly or monthly off-street parking on lots and Weekly or monthly off-street parking in buildings .
What companies are included in this industry?
Companies covered in the Parking Lots & Garages industry in Canada include Indigo Group SAS.
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Parking Lots & Garages industry in Canada.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
Products & Markets
What's included in the Products and Markets chapter?
The Products and Markets chapter covers detailed products and service segmentation and analysis of major markets for the for the Parking Lots & Garages industry in Canada.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Parking Lots & Garages industry in Canada.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Parking Lots & Garages industry in Canada. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the Parking Lots & Garages industry in Canada. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Parking Lots & Garages industry in Canada. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Parking Lots & Garages industry in Canada. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Parking Lots & Garages industry in Canada.
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Frequently Asked Questions
What is the market size of the Parking Lots & Garages industry in Canada in 2026?
The market size of the Parking Lots & Garages industry in Canada is $651.4m in 2026.
How many businesses are there in the Parking Lots & Garages industry in Canada in 2025?
There are 391 businesses in the Parking Lots & Garages industry in Canada, which has declined at a CAGR of 5.3 % between 2020 and 2025.
How may import tariffs affect the Parking Lots & Garages industry in Canada?
The Parking Lots & Garages industry in Canada is unlikely to be materially impacted by import tariffs with imports accounting for a low share of industry revenue.
How may export tariffs affect the Parking Lots & Garages industry in Canada?
The Parking Lots & Garages industry in Canada is unlikely to be materially impacted by export tariffs with exports accounting for a low share of industry revenue.
Has the Parking Lots & Garages industry in Canada grown or declined over the past 5 years?
The market size of the Parking Lots & Garages industry in Canada has been growing at a CAGR of 3.0 % between 2020 and 2025.
What is the forecast growth of the Parking Lots & Garages industry in Canada over the next 5 years?
Over the next five years, the Parking Lots & Garages industry in Canada is expected to grow.
What are the biggest companies in the Parking Lots & Garages industry in Canada?
The biggest company operating in the Parking Lots & Garages industry in Canada is Indigo Group SAS
What does the Parking Lots & Garages industry in Canada include?
Parking management contracts and Leased parking facility management are part of the Parking Lots & Garages industry in Canada.
Which companies have the highest market share in the Parking Lots & Garages industry in Canada?
The company holding the most market share in the Parking Lots & Garages industry in Canada is Indigo Group SAS.
How competitive is the Parking Lots & Garages industry in Canada?
The level of competition is high and steady in the Parking Lots & Garages industry in Canada.
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