The Future of Parking: Top 3 Trends That Are Shaping Car Parking Operations

October 1, 2022

The Future of Parking: Top 3 Trends That Are Shaping Car Parking Operations

Connected, digitized, and sustainable—advanced technologies are rapidly reforming the future of parking.  As automated payment systems and self-driving vehicles become the norm, we look at a new age of car parking operations.

Everyone from residential and commercial to public property owners is integrating technological solutions into their business models. As new trends for parking emerge, collaborations with carpark maintenance and management providers become a must. Expert support allows you to tackle potential problems and accommodate the growing demand of a hyper-aware, tech-driven audience.

    This article highlights top mobility trends and how to adopt them.


The Premise: What Does the Future of Parking Look Like?

Future of Parking Concept

The global car parking operations and management industry continue to expand with the rise of technology.

Recent trends in parking and reports reveal that the sector can generate an estimated “CAGR of 11.1% from 2022 to 2030.” It’s a significant uptick in numbers from the industry. Thanks to the continued growth of automated cars, digitized operation systems,  and sustainable architectural choices for parking spaces.

Here’s a closer look at what the future of parking looks like:


1.  Automated Car Parking Operations

A report on Science Direct states that it takes more than seven minutes for drivers to find a good parking space.

An estimated 30% of vehicles in metropolitan cities experience this delay. Due to this, the city collectively wastes a significant amount of fuel and produces air pollution.

In addition, drivers feel frustrated at the lack of parking space.

Automated parking systems are an immediate solution to this problem. It maximizes efficiency by eliminating the delays caused by manual car parking operations.


How Does It Work?

Automated parking systems (APS) provide electronic valet parking services to visiting vehicles for residential areas, offices, and commercial centers. These facilities require drivers to stop at an entrance area. The AI-powered system scans the vehicle to determine its size. Then, a digital survey of empty parking lots is conducted to find a space-saving slot for the vehicle.

Drivers and passengers vacate the car. One has to pick up a parking ticket and leave the entrance area. Sensors detect whether someone’s inside the car. The empty car will be shifted to the available parking slot with a mechanical system that drives them from the entry point to the parking area.

The automated parking system returns the car when the driver submits a relevant request.

Innovating robots for automated parking systems supports higher efficiency and sustainability.  It only utilizes vertical space and doesn’t require drivers to search for available parking space manually. These facilities reduce parking lots’ accidents because pedestrians and drivers are no longer an active part of the process.


2.  Tracking Parked Cars and Empty Spaces via the Internet

The Internet of Things (IoT) is an excellent addition to our list of trends for parking and mobility. Online communications between parking apps and electric cars make way for contactless and optimized operations.

Drivers prefer the safety and comfort of using e-payment systems and parking reservation apps to schedule trips to public/commercial spaces. Through it, riders can book a spot in a vacant parking lot before arrival. It saves time and energy you’d waste on finding a decent spot.


How Does It Work?

Online car parking operations provide drivers with a real-time view of their destination through a secure website or app service. Intelligent technology can track parking lot capacity, directing drivers to vacant spaces whenever required. It’s an advanced version of conventional green-red light systems that became popular years ago.

End-users consider this always-on system as highly efficient, secure, and convenient. Alternatively, property developers can use it to eliminate unfilled parking areas.

One can utilize those wasted spaces to upgrade citywide infrastructure. Businesses can create resting areas, playgrounds, and other functional areas adjacent to the primary building.

In addition, the future of parking includes vehicle-to-vehicle communication (V2V). The setup uses online communication to create dynamic parking systems for cars. In this case, intelligent cars can sense oncoming vehicles and respond accordingly. For example, these vehicles can create space to move, park, or charge when they receive a new signal from other cars.


3.  Self-Driving Cars Are Changing the Future of Parking

Self-driving cars are another breakthrough innovation for car parking operations. Inventors aim to make these vehicles more affordable and accessible as the years go by to make them more commonplace.

Their presence can revolutionize parking procedures.


How Does It Work?

Parallel parking remains a major hurdle for new drivers. Self-driving and self-parking cars overcome these road challenges with ease. Most modern cars have a built-in system that uses AI to park the car regardless of the direction or situation.

These robotic cars can park themselves closer to each other. They are making room for more cars in a single parking facility. These smart cars also reduce parking-related accidents, automatically protecting drivers from the costly consequences of reckless parking practices.

Once again, it is one of the trends for parking that increases the efficiency and effectiveness of car parking operations.


The Game Plan: How Can We Help You?

Parking Concepts, Inc. offers turn-key solutions for car parking operations. Whether you run a shopping complex, overlook residential housing societies, or are in charge of a private parking lot, we can help.

Our consulting agency handles everything from parking management, maintenance, and one-off events. We also offer valet parking services upon request.

Regarding the future of parking, we work as your trusted guides. We can help you navigate evolving trends and invest in technologies that align with your end goals.


Here’s a sneak peek of the advantages we offer:


1. We Help You Keep up with Trends for Parking

It can be challenging to chase trends while running an active business. You also wind up investing in a popular parking invention, then realize that it doesn’t add value to your business model.

As your operator, we assess the benefit of each new technology and adoption before your investment. We also restructure business models and parking zones to make room for the new and improved technological features.


2.  Cost-Effective Parking Management and Maintenance Solutions

Parking Access Revenue Control Systems (PARCS) has become a valuable asset for commercial, business, and residential sectors. The initiative encourages parking facility owners to upgrade outdated meters and surveillance systems with cutting-edge technology.

Parking Concepts, Inc. utilizes a diverse combination of smart equipment, software, and digitized services to support your PARCS plans. You can use our extensive network to appoint manufacturers and suppliers that support your remodeling plans at an economical price.

Besides planning and implementation, your dedicated advisor will schedule routine maintenance checks. It’ll help us detect potential problem areas and address those structural, mechanical, or online issues before it creates problems for your end-users. Our quick thinking and resourcefulness can save thousands of dollars on yearly repairs.


3.  Boost Revenue Growth by Updating Price Plans

The benefits of automated parking systems and e-payment machines are numerous. You can capitalize on new technology by developing ROI-generating price plans.

You can start by installing advanced e-payment parking systems accepting transactions from several sources. Consequently, this change makes parking plots accessible to drivers from different backgrounds.

Aside from this, car parking operators and administrative teams can adjust service charges according to peak and off-time. Operators can influence parking behaviors by setting a high price on spots close to the main building. This way, drivers will stop circling the area for available spots in a specific section.

The reconfiguration of pricing strategies can increase revenues and also prevent reckless double-parking.


In a Nutshell

The introduction of contactless parking payment systems and automated electronic vehicles has accelerated our reliance on technology. Therefore, car parking operations can no longer thrive without digital transformation.

It holds for the country’s commercial, corporate, and residential property owners and car parking facilities. Remember that parking spaces are the first and last point of contact between you and key audiences (i.e., clients and workers). If you fail to meet the expectations of a tech-savvy generation, you might experience costly setbacks.

Luckily, we are here to assist you by ensuring your business operations can accommodate these growing demands. Appoint our expert advisors, parking lot management, and maintenance teams to overcome emerging challenges. We strive to find sustainable, cost-effective, and accessible solutions for you (and your clients).

Our attention to detail, resourcefulness, and tech-based services has resulted in countless successful collaborations. We’d love to add your name to this journey.


Are you ready for the future of parking?


Contact us today for further inquiries and proposals.