What Is The Prospect Of The Shared Parking Market?

- Jul 12, 2018-

“I can afford to buy a car and stop getting off the bus” has become the biggest problem that has plagued many urban people. In this context, shared parking, that is, smart parking began to enter the public eye, and many platforms have seen the prospects.

“The just-needed nature of parking and the scarcity of parking lots have determined that smart parking will become a new enthusiasm for the sharing economy.” At the shared smart travel conference held on July 7, Gao Wenlong, the public relations director of the intelligent parking platform ETCP Group, said.

However, in some industry insiders, sharing parking spaces is a good way to solve parking difficulties in big cities, but also has market prospects, but still faces many practical problems in the specific promotion process, if policies, regulations and market access are not followed. In the end, it may eventually become a false proposition.

Market prospects

The so-called shared parking can also be called smart parking. It means that the individual or the unit releases the idle time of the parking space to the Internet platform of the shared parking space. Other owners can book the parking space through the platform to stop and count the time. At present, there are two main ways to share parking. One is the sharing of private parking spaces, and the other is the rental of public parking lots.

The reason why shared parking will occur is that Liu Huibin, secretary-general of Beijing Construction Mechanization Branch of Beijing Academy of Building Research, is mainly due to market demand and technology development. “China’s car ownership is growing very fast, but urban planning has not fully followed. At the same time, the development of the Internet of Things and intelligent technology has provided conditions for shared parking.”

According to the data, as of the end of 2017, the number of cars in China was 270 million, the number of cars in 24 cities exceeded 2 million, and the number of vehicles in 49 cities exceeded 1 million. The normal ratio of vehicles to parking spaces should be 1:1.5. However, in Beijing, Shanghai and other cities only about 1:0.3. According to some surveys, the current total parking space in the country is 50 million, while the parking space in Beijing is about 621,000.

"Shared bicycles and other dynamic data of urban traffic, smart parking has urban static data, the combination of the two can effectively allocate urban traffic elements and resources through big data, thus solving the problem of urban parking difficulties." Gao Wenlong said. At present, ETCP provides two products. The C-end product APP can solve the problem of the owner looking for a parking space and a parking lot. The B-end product mainly solves the management problem of the parking lot.

Many pain points to be solved

Although smart parking is favored by all parties, due to factors such as cognition and policy, the promotion process is not as smooth as imagined. Liu Huibin pointed out that the pain point of private parking spaces is complicated to manage and can not be rented. The characteristics of public parking spaces are that information communication is not smooth, resulting in high vacancy rates in certain parking lots for certain periods of time.

Zhu Kai, vice president of ETCP, once said that taking private parking spaces in the community as an example involves at least three parties, real estate developers, property parties and parking spaces. The three parties are all concerned about ownership, use rights and daily maintenance. Under this circumstance, the collected parking fee must be divided into, and it involves a large number of subjects, which is very difficult. This requires a breakthrough in the policy first, otherwise it will be a false proposition to share the parking space.

The reporter also found that there are many shared parking apps. In the Apple App Store, enter the "shared parking" or "smart parking" query, the related APP has at least a dozen, not related to Baidu map, Gaode map and other related services. However, due to the relatively complicated management and scattered resources, the proportion of shared parking spaces in the community is not high. Many APPs are difficult to play a role. The number of parking spaces per day is very limited, and the parking space update is not very timely.

In Liu Huibin's view, the development of domestic shared parking is still in its infancy, and some companies such as ETCP and Gaode have done very well. However, due to many practical difficulties, some shared parking platform providers are difficult to achieve profitability, and are still at a critical stage of financing.

For many problems faced by shared parking, the industry believes that there is still a long way to go before sharing parking. In the future, if the government wants to go steady, the government must formulate various regulations, policies, and systems. Enterprises must have corresponding operational constraints and access mechanisms. Consumers must have a correct understanding of sharing.