Society's Call for Sustainable Transportation to Rocket Global Shared Mobility Market to $1.55 Trillion by 2030

Photo - https://mma.prnewswire.com/media/1362138/Frost_and_Sullivan_Shared_Mobility.jpg Photo -https://mma.prnewswire.com/media/1362138/Frost_and_Sullivan_Shared_Mobility.jpg For further information on this analysis, please visit: http://frost.ly/4y0 "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...

Photo - https://mma.prnewswire.com/media/1362138/Frost_and_Sullivan_Shared_Mobility.jpg

For further information on this analysis, please visit: http://frost.ly/4y0

"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 Chanchal Jetha, 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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Strategic Analysis of the Global Shared Mobility Market, 2030 is part of Frost & Sullivan's global Automotive and Transportation Growth Partnership Service program.

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Strategic Analysis of the Global Shared Mobility Market, 2030
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