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Australia To Ditch Car Parks For Increased Land Availability

Australia To Ditch Car Parks For Increased Land Availability

Australia To Ditch Car Parks For Increased Land Availability

Parking lots have been an important part of metropolitan areas. On average, vehicles are parked 95% of the time.

Ample portions of land and establishments are set aside to accommodate parked vehicles. In Australia, Brisbane provides 25,633 parking spaces, Sydney has 28,939 and Melbourne supports 41,687.

Generally, planners believed that generous parking allocations provided essential benefits to users. On the contrary, excessive parking is known to negatively impact both transport and land use. These factors, along with land-use, economic and technological trends, are setting off discussions about parking between cities.

What will happen to the car park industry?

Administrators have implemented policies to encourage densification, unification, and development in their cities. Some are setting maximum limits on car parks to prevent them from taking over valuable properties.

These actions and future plans to reduce allotted land for parking spaces will have a massive effect on companies that provide car park solutions. Several companies will have to endure the loss of potential clients. So how will these changes affect relevant industries?

Car Parks 

Due to the limitations in the land provision, car parks will only be able to provide minimal parking bays for vehicles. This will result in a loss in revenue for car park owners as they cater to lesser customers.

Parking Solution Providers

Parking solutions such as parking bollards, parking locks, and gateway network parking systems are supplied to enhance the quality of parking lots. This industry has gained a following as the car park business advanced over the years. But a decrease in the number of parking lots will also lower the demand for parking solutions in the country. 

Technology Companies 

The tech industry will also be affected by the cutback in parking. Several developers are creating mobile applications and advanced software for car park solution institutes to improve their services. Therefore, parking lot reductions will also curtail their market.

Manufacturers

Companies that manufacture car park devices will have to produce lesser products as the demand depletes. These businesses supply parking bollards, parking locks, wheel clamps, and speed humps.

The future promises much change as emerging land-use and technological trends reshape the need for parking. Cities will devote less space to parking and more space to people and places. However, with the current threat of the Covid-19 pandemic that led to the sudden increase in demand for parking lots, administrators might reconsider their plan.

Learn about the latest parking trends from Pshare Australia, a company that provides high-end automated parking locks and devices to secure your parking space.