Shared Mobility to Bounce Back with Virus-Safe Solutions

A study is claiming that despite the global downturn in shared mobility owing to the pandemic, the market will bounce back to worth $1.55Trn by the decade’s end.

The Strategic Analysis of the Global Shared Mobility Market, 2030, report by Frost and Sullivan predicts that the growing urban population and rising smartphone penetration will be key factors driving the segment globally, followed by tightening emission norms and a shifting focus toward autonomous mobility. It suggests stakeholders in this market should explore these strategic recommendations:

  • Single-occupancy shared mobility – consumer response to threats of future pandemics should see service providers focus on single-occupancy modes as interest in public transport wanes;
  • Bike-sharing – will be in high demand because it provides a safe transport option that ensures social distancing and cities should invest in cycle lane infrastructure;
  • Last-mile delivery – ride-hailing and car-sharing fleets should be repurposed to deliver healthcare supplies and essentials in the event of future lockdowns;
  • Corporate mobility – shared mobility vehicles should be redesigned to accommodate pandemic-safe transport of workers;
  • Autonomous mobility – cities and governments should invest in more initiatives to develop infrastructure for a seamless transition to AVs;
  • Mobility-as-a-Service – providers must offer greater flexibility, personalization, safety precautions, transparency on pricing and data privacy to increase the comfort of potential customers.

Chanchal Jetha, senior research analyst, said: “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 and MaaS solutions is expected to increase in the long term, leading to an uptake in technology-enabled safe transport.”

— Paul Myles is a seasoned automotive journalist based in London. Follow him on Twitter @Paulmyles_

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