While there are some reports that indicate a dip in car ownership due to younger generations shunning cars in favour of car sharing, the recent ABS figures show car ownership remains high, with 12 million vehicles currently on Australia's roads.

With so many cars, the question turns to increasingly stretched parking facilities and the role of car parks in our society. In Australia, car parks will continue to be indispensable assets, but a lack of modernisation and structural improvements could have a detrimental effect. Operators need to recognise the opportunities…