Parking Lot Maintenance · Grand Rapids, MI

Parking Lot Maintenance Market in
Grand Rapids, MI

$53M TAM · Market Score 44/100 · Ranked #48 of 925 MSAs by TAM

Bottom-up market data for the Grand Rapids, MI MSA. Sourced from PinpointIQ's MSA-level intelligence platform.

Total TAM
$53M
rank #48 of 925
Market Score
44/100
rank #31 of 925 · 97th percentile
Operators
Pop. growth (5-yr)
11.8%
rank #104 of 872

Market Score breakdown

How Grand Rapids scored 44/100 for Parking Lot Maintenance

PinpointIQ's Market Score is a percentile-weighted composite. The components + weights are set per vertical. Grand Rapids ranks in the 97th percentile nationally for Parking Lot Maintenance.

ComponentWeightValuePercentile
Parking Operators (NAICS 812930)40%1253
Registered Vehicles30%
Heating Degree Days30%6,48577

TAM by segment

$53M in Grand Rapids broken down by segment

Lot_parking Lot Sweeping
$31M
59% of total TAM
Lot_parking Lot Pavement Repair
$21M
41% of total TAM

Demographic snapshot

Who lives and buys in Grand Rapids

Population
1,162,152
11.8% 5-yr growth
Median HH income
$82,874
20.5% HHs $150K+
Housing units
467,528
15.8% age 65+
GDP per capita
$75,888

Frequently asked questions

Parking Lot Maintenance market in Grand Rapids: common questions

How big is the parking lot maintenance market in Grand Rapids, MI?

The parking lot maintenance market in Grand Rapids, MI has a total addressable market of $53M, calculated bottom-up from U.S. Census, BLS, and IRS County Business Patterns data at the census-tract level. This makes Grand Rapids the #48 largest parking lot maintenance market of 925 U.S. MSAs.

How does Grand Rapids rank nationally for parking lot maintenance?

Grand Rapids scores 44/100 on PinpointIQ's Parking Lot Maintenance Market Score, ranking #31 of 925 U.S. metros — the 97th percentile nationally. The Market Score is a percentile-weighted composite of the vertical-specific drivers that make a metro attractive for parking lot maintenance operators and investors.

What drives parking lot maintenance demand in Grand Rapids?

PinpointIQ scores Grand Rapids's parking lot maintenance market on 3 components: Parking Operators (NAICS 812930) (40% weight, 53th percentile); Registered Vehicles (30% weight, n/a); Heating Degree Days (30% weight, 77th percentile). The weights are calibrated to the parking lot maintenance vertical and applied consistently across every U.S. MSA.

What are the biggest parking lot maintenance sub-segments in Grand Rapids?

Grand Rapids's $53M parking lot maintenance TAM breaks down into: Lot_parking Lot Sweeping ($31M, 59% of TAM); Lot_parking Lot Pavement Repair ($21M, 41% of TAM). Segment sizes reflect PinpointIQ's bottom-up model at the census-tract level.

Is Grand Rapids growing? How does population affect the parking lot maintenance market?

Grand Rapids has a population of 1,162,152 and has grown 11.8% over the last 5 years. Population change is one of the drivers of parking lot maintenance demand and factors into PinpointIQ's Market Score alongside vertical-specific attractiveness metrics.

TAM figures reflect PinpointIQ's bottom-up market size model built from U.S. Census, BLS, IRS County Business Patterns, and other public + commercial sources at the census-tract level. Market Score is PinpointIQ's percentile-weighted composite; the components and weights are set per vertical and shown above. Data refreshed monthly.

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