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Demand-Responsive Shuttles to Account for 50% of Global Shared Mobility Market by 2030
"Smart city initiatives, new mobility policies, government mandates, and reduced private ownership of cars will result in DRT accounting for approximately 50 percent of the shared mobility market by 2030," said . "As the DRT sector expands, the multiplying synergies between its key players and the public transit agencies and operators will help it grow at 75.9 percent between 2017 and 2030."
Frost & Sullivan's recent analysis, , presents the trends in the service models of , ( , , , ), and . By 2030, corporate shuttles and short-distance dynamic shuttles are expected to account for more than 60 percent of the DRT market.
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"Demand-responsive shuttles are modelled such that they are complementary to public transit; hence, will be vital to widen the market and direct resources effectively," noted Mukherji. "As the demand-responsive shuttle model is asset heavy, OEMs could benefit from operating shuttles in partnership with other service providers or through their own custom-built technology platform."
Demand-responsive shuttles successfully address key challenges in the traditional transit models by offering the price benefits of public transit and the convenience of single-occupancy modes such as taxis. This service model has found varying degrees of acceptance in the five main regions of the world:
is part of Frost & Sullivan's global Automotive & Transportation Growth Partnership Service program.
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