Analysis of the car park market in India
The relevance of research
The number of cars and drivers is steadily increasing every year. This trend affects all cities in India. In this connection, the importance of ensuring the proper level of comfortable movement of cars, pedestrians, urban public transport and the organization of places for permanent and temporary storage of vehicles - parking lots, including paid parking areas on the street road network, provided for in large cities of India (,, Kazan , Perm, Krasnodar, Nizhny Novgorod, Stavropol, Tula, etc.)
Purpose of the study
Analysis of the state of the car park market, assessment of the market size, analysis of competitors, as well as identification of factors affecting the car park market
Content
Part 1. Overview of the Indian car park market
1.1. Definition and characteristics of the Indian car park market
1.2. Volume dynamics of the Indian car park market, 2015-2019
1.3. Market structure by type of service provided in India
1.4. Structure of the car park market by Union Territories
1.5. Assessment of current trends and development prospects of the studied market
1.6. Assessment of factors affecting the market
1.7. Analysis of sectoral indicators of financial and economic activity
Part 2: Competitive Analysis of the Indian Car Park Market
2.1. Major players in the market
2.2. Market shares of the largest competitors
2.3. Profiles of major players
Part 3. Car park consumption analysis
3.1. Estimated consumption of car parks per capita
3.2. Market Saturation and Estimated Market Potential in India
3.3. Description of consumer preferences
3.4. Price analysis
Part 4. Assessment of factors of investment attractiveness of the market
Part 5. Forecast for the development of the car park market until 2024
Part 6. Conclusions on the prospects of creating enterprises in the study area and recommendations for current market operators
Research excerpt
Part 1. Overview of the Indian car park market
1.1. Definition and characteristics of the Indian car park market
Consider the characteristics and features of the Indian car park market.
The parking market in this study is understood as a set of enterprises providing services ...
Parking lots (parking lots, car parks, parking lots, garages, parking garages) are specially equipped areas (including flat areas open or under a canopy), a building or structure, as well as part of buildings or structures (including underground, underground-ground and ground single-level and multi-level parking lots) for permanent and temporary storage of vehicles.
The number of cars and drivers every year…
In general, the classification of parking lots is presented in Table 1.
The classification of cars used to determine the dimensions of parking spaces in car parks is presented in table 2.
Based on ..., types of parking lots are distinguished depending on ...
...
The Indian car park market is characterized by the following features:…
...
1.2. Volume dynamics of the Indian car park market, 2015-2019
Consider the volume dynamics of the Indian car park market. According to GidMarket's calculations based on data from …, …, the volume of the car park market in 2019 amounted to … billion Rs., having increased by …% compared to 2018.
Throughout the analyzed period, there has been observed … Every year, the following factors acted as drivers for the increase in the market volume: … The absence of …
1.3. Market structure by type of service provided in India
...
1.4. Structure of the car park market by Union Territories
The structure of the car park market by federal districts shows that the leading position is occupied by … the Union Territories with a market share of …%, the second place is occupied by … the Union Territories with a market share …%, the third place is occupied by … the Union Territories (share …%). …
Such a distribution of parking services across the Union Territories indicates that the bulk of users are concentrated in …
Chart 3. Structure of the provision of parking services in India by Union Territories, 2019, %
1.5. Assessment of current trends and development prospects of the studied market
Key trends in the Indian car park market include:…
Among the prospects of the analyzed market are: ...
1.6. Assessment of factors affecting the market
Let's consider the main factors influencing the parking market and, accordingly, the demand and income of market operators.
Economic
Dynamics of India's GDP
The dynamics of India's GDP is an indicator of the country's economic development. GDP has an impact on the development of all sectors and markets of the economy, as well as the level of effective demand of the population.
Diagram 4. Dynamics of India's GDP, 2012-2019, % to the previous year
In 2012-2015 there was a gradual … This trend was accompanied by a corresponding decline … Starting from 2016, the Indian economy entered the stage of … For 9 months of 2019 (January-September), the GDP growth rate was set at …%. The annual GDP growth rate in 2019 amounted to …
...
Social factors
...
Environmental factors
...
Technological factors
...
Political and legal factors
...
Table 5. STEP analysis of factors affecting the car park market
According to the results of the STEP analysis, the factors of the macro environment in 2015-2019 exerted a greater influence on the car park market. Three of the considered groups of factors had an impact on the development of the market. Two sets of factors...
Negative for the development of the car park market in 2015-2019. factors such as...
Positive impact on the car park market in 2015-2019 provided by a number of economic factors: ...
1.7. Analysis of sectoral indicators of financial and economic activity
During 2016-2019 The gross margin figures for the car park industry were …. the level of similar financial ratios for all sectors of the Indian economy. At the end of 2019, the gross margin of the car park industry amounted to …%, which is by … percentage points … the level of this indicator in all sectors of the Indian economy.
In general, for 2015-2019. the gross margin of the car park industry … by … percentage points, indicating …
At the same time, the profitability of profit before tax in the field of parking … relative to all sectors of the Indian economy throughout the analyzed period of 2015-2019. In addition, in 2015-2019 profitability ratios … which is … a trend. Profit before tax...
Values of current liquidity ratios in 2015-2018 car park industry … in the optimal range of 1,5-2,5. In 2015-2017 the values of the coefficients are ... marks ""3"", which indicates ...
For Indian companies, the normative value of the absolute liquidity ratio is within Kal > 0.2-0.5. In the car park industry in 2015-2019 absolute liquidity indicator of … normative, which may indicate ... During the analyzed period from 2015-2019. absolute liquidity ratio … up to … times in 2019, which is … a trend, but still …
Business activity (average period of receivables turnover) in the field of parking lots in 2015-2019 fast enough … which is … a trend, and also signals about ... As of 2019, the value of this financial ratio was … day days, … compared to 2015, more than ...
Chart 17. Financial sustainability (security of own working capital) in the field of car parks in comparison with all sectors of the Indian economy, 2015-2019, %
Indicators of financial stability (security of own working capital) in the car park industry in 2015-2016 …, and in 2017-2019. … similar indicators of financial stability across all sectors of the Indian economy. In addition, these indicators are significantly ... of the normative value (10%), which indicates ...
In general, the analysis of sectoral financial ratios of the car park industry shows a rather high …, which may indicate …
Part 2: Competitive Analysis of the Indian Car Park Market
2.1. Major players in the market
The car park market in India is characterized by … a level of concentration (…, the Herfindahl-Hirschman index is HHI =…, HHI… –… market).
The largest operators in the Indian car park market are…
As a basis for calculating the shares of the largest operators of the car park market in India, data on revenue from the sale of privately owned companies and income data were taken ...
The data source for the calculation was the indicators ...
2.2. Market shares of the largest competitors
Determine the market share of the largest competitors in the parking market. The Indian car park market has a large number of …
According to GidMarket, the leader of the car park market is … with a share of …%. In second place is … with a market share of …%. The third place is occupied by … (market share …%). On the fourth …
Other operators account for …% of the car park market in India.
Diagram 18. Shares of the largest competitors in the car park market, 2019, %
2.3. Profiles of major players
The company ...
...
Table 9. Basic information about participant No. 1 of the parking market
Part 3. Car park consumption analysis
3.1. Estimated consumption of car parks per capita
The per capita consumption of car parks in India was estimated by GidMarket on the basis of the ratio of the size of the Indian car park market to the population of India.
As can be seen from the diagram, the consumption of car parks … during 2015-2019, from … to … Rs. per person per year.
Thus, based on the average prices for parking lots for permanent storage of vehicles, it can be concluded that almost ... For the period 2015-2019. car parking costs per capita … per … Rs. In this case, the main factors of influence include: ...
3.2. Market Saturation and Estimated Market Potential in India
The potential of the car park market is estimated by GidMarket experts to be no less than “…” to the existing market volume, or more than … billion Rs. in 2019 prices. Achieving the market potential and its qualitative development is constrained by …
An increase in the level of reaching the potential market capacity is possible due to …
...
3.3. Description of consumer preferences
Based on data of … order …% of Indian motorists have difficulty finding a parking space.
If it is necessary to park the car for a short time (less than 12 hours), a significant proportion of drivers (…%) prefer …, …% of drivers prefer to park their car …
Diagram 21. Preferences of car owners when choosing a parking place in case of short parking (less than 12 hours),%
If it is necessary to park the car for a period of more than 12 hours, the preferences of car owners were distributed in a slightly different way. When choosing a place for long-term parking, the preferred place is … A significant proportion of car owners still prefer to park their car …
Besides, …
According to experts, the preferred parking time on weekdays is the time interval from …, on weekends - the time interval from … Such preferences are typical for …% of car owners. Thus, this distribution of preferences indicates ...
3.4. Price analysis
The dynamics of prices for parking services is due to …, the level of ... During 2015-2017. there is … a trend towards … of the consumer price index from …% in 2015 to …% in 2017, and, accordingly, towards …
Of all the compared federal districts, the highest level of average prices for car park services for permanent storage of vehicles was recorded in … Union Territories (… Rs./day), the lowest – in … Union Territories (… Rs./day). In addition, the highest average prices were recorded in … Union Territories (… Rs./day), …
As part of solving the problem of chaotic parking on the streets of large cities and creating opportunities for comfortable movement of pedestrians, public transport and cars, projects are being implemented …
Of all the compared cities presented in Table 19, the highest rates in paid city parking zones are set in …, where the pilot project was first launched …
Part 4. Assessment of factors of investment attractiveness of the market
… factors of the investment climate of the car park market dominate over ... A comprehensive assessment of investment attractiveness factors is … points – … investment climate.
The most significant negative factors. …
The most significant positive factors. …
Part 5. Forecast for the development of the car park market until 2024
...
Part 6. Conclusions on the prospects of creating enterprises in the study area and recommendations for current market operators
...
Diagrams
Diagram 1. Dynamics of the car park market volume, 2015-2019, billion Rs.
Diagram 2. Structure of the car park market by types of services provided, 2019, %
Chart 3. Structure of the provision of parking services in India by Union Territories, 2019, %
Diagram 4. Dynamics of India's GDP, 2012-2019, % to the previous year
Chart 5. Monthly dynamics of the US dollar against the rupee, 2015-2019, Jan-Apr. 2020, Rs. for 1 US dollar.
Diagram 6. Dynamics of industrial production in India, 2015-2019, % to the previous year
Diagram 7. Dynamics of car production in India, 2015-2019, units
Diagram 8. Dynamics of sales of new cars in India, 2015-2019, units
Diagram 9. Dynamics of the housing stock in India, 2015-2019, mln sq.m.
Diagram 10. Population dynamics in India, as of 01 Jan. 2012-2020, million people
Diagram 11. Dynamics of real money income of the population of India, 2012-2019, % to the previous year
Diagram 12. Structure of the Indian car fleet, as of 01 Jan. 2020, %
Diagram 13. Provision with cars in India, units/1000 people
Chart 14. Profitability before tax (profit of the reporting period) in the field of car parks in comparison with all sectors of the Indian economy, 2015-2019, %
Diagram 15. Current liquidity (total coverage) in the field of car parks, 2015-2019, times
Diagram 16. Business activity (average receivables turnover period) in the field of parking lots, 2015-2019, days days
Chart 17. Financial sustainability (security of own working capital) in the field of car parks in comparison with all sectors of the Indian economy, 2015-2019, %
Diagram 18. Shares of the largest competitors in the car park market, 2019, %
Diagram 19. Dynamics of the total revenue of the largest car park market operators (TOP-5) in India, 2015-2019, million Rs.
Chart 20. Consumption of car parks per capita, 2015-2019, Rs./person
Diagram 21. Preferences of car owners when choosing a parking place in case of short parking (less than 12 hours),%
Diagram 22. Preferences of car owners when choosing a parking place in case of long-term parking (more than 12 hours),%
Diagram 23. Factors that have the greatest influence on the choice of parking space, %
Diagram 24. Forecast of the size of the car park market in 2020-2024, billion Rs.
Tables
Table 1. General classification of car parks
Table 2. Car classification used to determine the dimensions of parking spaces in car parks
Table 3. Formation of the parking space of the city
Table 4. Types of objects of parking space for storage and parking of cars (parking lots)
Table 5. STEEP analysis of factors affecting the car park market
Table 6. Gross margin of the car park industry compared to all sectors of the Indian economy, 2015-2019, %
Table 7. Absolute liquidity of the car park industry compared to all sectors of the Indian economy, 2015-2019, times
Table 8. Main companies participating in the parking market, 2019
Table 9. Basic information about participant No. 1 of the parking market
Table 10. Basic information about participant No. 2 of the parking market
Table 11. Basic information about participant No. 3 of the parking market
Table 12. Basic information about participant No. 4 of the parking market
Table 13. Basic information about participant No. 5 of the parking market
Table 14. Basic information about participant No. 6 of the parking market
Table 15. Basic information about participant No. 7 of the parking market
Table 16. Basic information about participant No. 8 of the parking market
Table 17. Consumer price indices in the car park market in India, 2015-2019, %
Table 18. Average prices in the car park market (parking lots for permanent storage of vehicles) by Union Territories, May 2020, Rs.
Table 19. Tariffs in Paid Parking Areas and Barrier Flat Parking Areas under Municipal Parking Projects in Indian Cities (Vehicle Parking Lots), May 2020, Rs.
Table 20. Assessment of factors of investment attractiveness of the parking lot market
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