Threats to the billion dollar parking industry

While historically family-owned, the parking industry today is largely dominated by two players: SP Plus (SP+) and ABM. But the industry is facing some challenges. In addition to the rise of e-commerce and ride-hailing, a post-pandemic world where workers are rarely driving in urban areas has forced the industry to ramp up and expand its services, as well as invest heavily in technology. Forcing It remains to be seen whether these strategic decisions will pay off.