Global Smart Commute Market Research Report, by Type (Carpooling, Van Pooling, Bike Pooling, Bicycle Pooling, Metro, Others), Solution (Mobile App, Smart Ticketing, Parking Management, Traffic Management, Others)— Forecast till 2023
Pune, India – February 12, 2019 —
The smart Commute is about traveling from one place to another on a regular basis by using means of transportation in a smarter way. Market Research Future (MRFR) has published a research report about the global smart commute market that forecasts massive success for this market at 25.62% CAGR (Compound Annual Growth Rate) between 2018 and 2023. By value, the market has been figured to be worth the US $ 104.22 bn by the end of forecast period.
The basic market drivers for the global smart commute market are the high demographic rates and rising urban population. Other factors contributing to the market growth include are the benefits offered by smart commute. Such benefits include environment-friendly commuting, reduced parking demand, and reduced air pollution. Smart commuting also helps people practicing activities like carpool, to save costs related to administration, construction, enforcement, maintenance, and parking space. However, the baggage restrictions and long wait time to reach the destination are some of the factors that can hamper the market growth.
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The global smart commute market has been segmented on the basis of the solution, type, and region. The solution-based segmentation segments this market into the mobile app, parking management, smart ticketing, traffic management, and others. By type, the market has been segmented into bicycle pooling, bike pooling, carpooling, metro, vanpooling, and others.
The regional segmentation of the global smart commute market segments the market into the regional markets namely Europe, North America, Asia Pacific, and the rest of the world (RoW). Europe followed by North America is the biggest regional market due to the growing concerns about climate change, congestion, and oil dependency. Over the years and during the forecast period, the adoption of smart commute in Europe by individuals has increased tremendously due to the policy of levying toll charges for cars with a single individual. The fundamental country-specific markets in this region are France, Germany, Italy, Spain, and the UK.
North America is the second largest regional market due to environmental regulations by governments, technological advancement, the presence of various key market players in this region, and due to citizens preferring smart commuting due to long distance travel. Currently, the majority of North American carpooling and vanpooling services use online websites and mobile apps as their chief technology medium in order to connect with people seeking rides. Most of them depend on a ridesharing software platform. The leading country-specific markets in this region are USA, Canada, and Mexico.
During the forecast period, the Asia Pacific region is expected to emerge as the fastest growing regional market due to the growing concern regarding environmental pollution and traffic issues. In this region, the major country-specific markets are China, India, and Japan, followed by the remaining countries of the Asia Pacific region.
The RoW segment covers countries of Latin America and the Middle East & Africa (MEA). In Latin America, Argentina and Brazil are two strong economies that can be suitable markets in the future. The MEA market is small due to poor countries, lack of awareness, lack of education, lack of infrastructure, and lack of technological advancement.
The key players in the global Smart Commute Market include ANI Technologies Pvt. Ltd.(India), BlaBlaCar (France), Carma Technology Corporation (Europe), Central Indiana Regional Transportation Authority (CIRTA) (USA), CommuteSMART (USA), ePoolers Technologies Pvt. Ltd. (India), Metrolinx (Canada), Oakland Smart Commute (California), Quick Ride (India), South Florida Commuter Services (USA), Turo (USA), Uber Technologies Inc. (USA), and ZipGo Technologies Pvt. Ltd (India).
Latest Industry News
Louisville-based Commuting Solutions that support transportation-improvement efforts has forged a partnership with Waze Carpool on a new ride-sharing program for U.S. Highway 36 commuters. 4 FEB 2019
Chinese language bike-rental agency Hiya TransTech will launch a carpooling platform soon that will offer carpooling service in 10 cities. 14 JAN 2019
TABLE OF CONTENTS
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
LIST OF TABLES
Table 1 Global Smart Commute Market, By Region, 2018–2023
Table 2 North America: Smart Commute Market, By Country, 2018–2023
Table 3 Europe: Smart Commute Market, By Country, 2018–2023
Table 4 Asia-Pacific: Smart Commute Market, By Country, 2018–2023
Table 5 Middle East & Africa: Smart Commute Market, By Country, 2018–2023
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LIST OF FIGURES
FIGURE 1 Global Smart Commute Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Porter’s Five Forces Analysis Of Global Smart Commute Market
FIGURE 4 Value Chain Of Global Smart Commute Market
FIGURE 5 Share Of Global Smart Commute Market In 2017, By Country (In %)
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