{"id":29959,"date":"2020-12-09T08:17:00","date_gmt":"2020-12-09T08:17:00","guid":{"rendered":"https:\/\/wordpress2.hdnweb.com\/2020\/12\/09\/societys-call-for-sustainable-transportation-to-rocket-global-shared-mobility-market-to-1-55-trillion-by-2030\/"},"modified":"2020-12-09T08:17:00","modified_gmt":"2020-12-09T08:17:00","slug":"societys-call-for-sustainable-transportation-to-rocket-global-shared-mobility-market-to-1-55-trillion-by-2030","status":"publish","type":"post","link":"https:\/\/wordpress2.hdnweb.com\/en\/2020\/12\/09\/societys-call-for-sustainable-transportation-to-rocket-global-shared-mobility-market-to-1-55-trillion-by-2030\/","title":{"rendered":"Society&#8217;s Call for Sustainable Transportation to Rocket Global Shared Mobility Market to $1.55 Trillion by 2030"},"content":{"rendered":"<p><\/p>\n<style type=\"text\/css\"><![CDATA[\n\/* Style Definitions *\/\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n]]><\/style>\n<div class=\"xn-content\">\n<p><b><i>Mobility-as-a-Service and autonomous mobility will lead to an uptake in technology-enabled safe transport and create key growth opportunities, says Frost &amp; Sullivan<\/i><\/b><\/p>\n<p><span class=\"xn-location\">SANTA CLARA, Calif.<\/span>, <span class=\"xn-chron\">Dec. 9, 2020<\/span> \/PRNewswire\/ &#8212; Frost &amp; Sullivan&#8217;s recent research, <b>Strategic Analysis of the Global Shared Mobility Market, 2030<\/b>, forecasts that the gross market value of the sector will exceed <b><span class=\"xn-money\">$1 trillion<\/span> by 2026<\/b>, despite suffering a major setback due to the pandemic. The growing urban population and rising smartphone penetration are key factors driving the segment globally, followed by tightening emission norms and a shifting focus toward autonomous mobility. As a result, the global shared mobility market is expected to grow from <b><span class=\"xn-money\">$731.8 billion<\/span><\/b> in 2020 to <b><span class=\"xn-money\">$1.55 trillion<\/span><\/b> by 2030.<\/p>\n<p>Photo &#8211; <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3007516-1&amp;h=2182319981&amp;u=https%3A%2F%2Fmma.prnewswire.com%2Fmedia%2F1362138%2FFrost_and_Sullivan_Shared_Mobility.jpg&amp;a=https%3A%2F%2Fmma.prnewswire.com%2Fmedia%2F1362138%2FFrost_and_Sullivan_Shared_Mobility.jpg\" rel=\"nofollow\">https:\/\/mma.prnewswire.com\/media\/1362138\/Frost_and_Sullivan_Shared_Mobility.jpg<\/a> <\/p>\n<p class=\"prntac\"><b>For further information on this analysis, please visit: <\/b><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3007516-1&amp;h=3904170822&amp;u=http%3A%2F%2Ffrost.ly%2F4y0&amp;a=http%3A%2F%2Ffrost.ly%2F4y0\" rel=\"nofollow\">http:\/\/frost.ly\/4y0<\/a><\/p>\n<p>&#8220;Over the last decade, there has been rapid progress toward a new paradigm for transporting people in cities. Driven by quickly evolving technologies, new business models, and shifting societal expectations, shared mobility has become more sustainable, efficient, and convenient,&#8221; said <b><span class=\"xn-person\">Chanchal Jetha<\/span><\/b>, Senior Research Analyst, Frost &amp; Sullivan. &#8220;The shared mobility market is expected to observe a stagnant growth in 2020, with COVID-19-related lockdowns affecting bookings and journeys. However, the economic impact of the pandemic on the sector will be short-lived, with the market expected to make a full recovery by the end of 2021.&#8221;<\/p>\n<p>Jetha added: &#8220;With lockdowns being phased-out gradually in different parts of the world, companies are beginning to function with a smaller proportion of their workforce returning. In the short term, shared mobility operators should focus on bringing in revenues from alternate streams like essential goods delivery, which could become a continuing trend over the medium term. Shared mobility modes like bike-sharing, car-sharing, and ride-hailing are expected to pick up compared to the other multi-occupancy modes of transport. With the necessary support from cities, demand for public transport, demand-responsive transport (DRT), and Mobility-as-a-Service (MaaS) solutions is expected to increase in the long term, leading to an uptake in technology-enabled safe transport.&#8221;<\/p>\n<p>For further revenue opportunities, market participants should explore these strategic recommendations:<\/p>\n<ul type=\"disc\">\n<li><b>Single-occupancy shared mobility<\/b>: Service providers must focus on single-occupancy modes, as post-pandemic demand would be inclined toward these instead of public transport. <\/li>\n<li><b>Bike-sharing<\/b>: Bike-sharing will be in high demand because it provides a safe transport option that ensures social distancing. Cities must consider promoting safe and eco-friendly transport by instituting emergency bike lanes. <\/li>\n<li><b>Last-mile delivery<\/b>: Fleets across ride-hailing and car-sharing companies should be repurposed to deliver healthcare supplies and essentials and become P2P courier services to enable the utilization of fleets during lockdowns. <\/li>\n<li><b>Corporate mobility<\/b>: Shared mobility service providers need to consider making changes to vehicle designs as shared transport would be crucial post-pandemic for the safe transport of workers. <\/li>\n<li><b>Autonomous mobility<\/b>: Cities and governments should undertake more initiatives to develop infrastructure technology for a seamless transition to autonomous vehicles. <\/li>\n<li><b>Mobility-as-a-Service<\/b>: MaaS providers must offer greater flexibility, personalization, safety precautions, transparency on pricing, and data privacy to increase the comfort of potential customers.<\/li>\n<\/ul>\n<p><b>Strategic Analysis of the Global Shared Mobility Market, 2030 <\/b>is part of Frost &amp; Sullivan&#8217;s global <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3007516-1&amp;h=2771662966&amp;u=https%3A%2F%2Fww2.frost.com%2Fresearch%2Findustry%2Fmobility-automotive-transportation%2F&amp;a=Automotive+and+Transportation\" rel=\"nofollow\">Automotive and Transportation<\/a> Growth Partnership Service program.<\/p>\n<p><b>About Frost &amp; Sullivan<\/b><\/p>\n<p>For six decades, Frost &amp; Sullivan has been world-renowned for its role in helping investors, corporate leaders and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models, and companies to action, resulting in a continuous flow of growth opportunities to drive future success. <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3007516-1&amp;h=4226832430&amp;u=https%3A%2F%2Fww2.frost.com%2Fcontact-us%2F&amp;a=Contact+us%3A+Start+the+discussion\" rel=\"nofollow\">Contact us: Start the discussion<\/a>.<\/p>\n<p class=\"prntac\"><b>Strategic Analysis of the Global Shared Mobility Market, 2030<br \/><\/b>MF80-18<\/p>\n<p><b>Contact:<br \/><\/b>Srihari Daivanayagam, Corporate Communications<br \/>M: +91 9742676194; P: +91 44 6681 4412<br \/>E: <a target=\"_blank\" href=\"mailto:srihari.daivanayagam@frost.com\" rel=\"nofollow\">srihari.daivanayagam@frost.com<\/a><\/p>\n<p><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3007516-1&amp;h=1689888044&amp;u=http%3A%2F%2Fww2.frost.com%2F&amp;a=http%3A%2F%2Fww2.frost.com\" rel=\"nofollow\">http:\/\/ww2.frost.com<\/a><\/p>\n<\/div>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=EN18420&amp;Transmission_Id=202012090817PR_NEWS_EURO_ND__EN18420&amp;DateId=20201209\" style=\"border:0px; width:1px; height:1px;\"\/> <\/p>","protected":false},"excerpt":{"rendered":"<div class=\"xn-content\">\n<p><b><i>Mobility-as-a-Service and autonomous mobility will lead to an uptake in technology-enabled safe transport and create key growth opportunities, says Frost &amp; Sullivan<\/i><\/b><\/p>\n<p><span class=\"xn-location\">SANTA CLARA, Calif.<\/span>, <span class=\"xn-chron\">Dec. 9, 2020<\/span> \/PRNewswire\/ &#8212; Frost &amp; Sullivan&#8217;s recent research, <b>Strategic Analysis of the Global Shared Mobility Market, 2030<\/b>, forecasts that the gross market value of the sector will exceed <b><span class=\"xn-money\">$1 trillion<\/span> by 2026<\/b>, despite suffering a major&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[18],"tags":[],"class_list":["post-29959","post","type-post","status-publish","format-standard","hentry","category-hispanicmotorpress"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - 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