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Society's Call for Sustainable Transportation to Rocket Global Shared Mobility Market to $1.55 Trillion by 2030
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"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," said , Senior Research Analyst, Frost & Sullivan. "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."
Jetha added: "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."
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Srihari Daivanayagam, Corporate Communications
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