Le Lézard
Classified in: Environment, Transportation, Science and technology
Subjects: SVY, ENI

Adoption of New Mobility Solutions Drives Growth Opportunities in Automotive Ecosystem



LONDON, Oct. 4, 2017 /PRNewswire/ -- Over the past few years, urban municipalities' need to combat congestion and pollution has driven transformational mobility solutions such as carsharing, e-hailing, ridesharing, and bike sharing. While challenges exist in the form of the regulatory outlook, competition, and advent of new technologies, the increasing demand for mobility solutions and new business and revenue avenues for growth offer ample opportunities. Original equipment manufacturers (OEMs) are exploring new opportunities across the shared mobility ecosystem. Partnering with and investing in e-hailing, ridesharing, smart parking, and technology providers will help OEMs realize their goal of becoming a one-stop shop for all mobility needs.

Frost & Sullivan's research, Global Mobility Market, Strategic Insight 2017, finds that mobility solution providers are expected to focus on offering robust security systems to enable cashless payments and understand customer preferences. The study analyses the evolving business models, advanced technology trends, market consolidations and partnerships, and regulatory reforms currently occurring within the global mobility space. Six collaborative business models, i.e. carsharing, peer-to-peer carsharing, corporate carsharing, e-hailing, integrated mobility, and ridesharing are discussed in the report.

To access more information on this analysis, please visit: https://goo.gl/sM87UB

"Traditional modes of travel included taxi services which was used for short distance travel but is costly, and then there is public transport that covers longer distances but is less expensive. The mobility landscape is now evolving with a host of mobility services like carsharing, carpooling, bikesharing that are combining the benefits of both. Thanks to smartphones, connected transportation services are becoming more efficient and convenient. People are able to commute in buses, cars, trains, bikes with the help of increased access to information and the awareness of different solutions pertaining to a personal mobility need. With a goal to offer more convenience in transportation in which people can chose the most logical means of transport, the idea of integrated mobility services is emerging. Integrated mobility business models will create a single proposition that is competitive to private car ownership and public," said Frost & Sullivan Future of Mobility Industry Analyst Albert Priya. "With OEMs shifting to the car-as-a-service business model, mobility-as-a-service is expected to take off."

Technology is facilitating a rise in new mobility business models, particularly app-based, on-demand services that encourage access to mobility, rather than ownership. Strategic imperatives for success and growth in this dynamic market include:

"In the long term, user experience will shift from a product-based experience to a service-based one, and the focus will be on connectivity," noted Priya. "Cities are launching Smart City initiatives across the world and shared mobility will be at the core, providing first- and last-mile connectivity."

Global Mobility Market, Strategic Insight 2017 is part of Frost & Sullivan's Future of Mobility Growth Partnership Service program.

About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants. For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Contact us: Start the discussion

Contact:
Anna Zanchi
Corporate Communications ? Europe
P: +39.02.4851.6133
www.frost.com

SOURCE Frost & Sullivan


These press releases may also interest you

at 13:39
On June 25th 2018, the Honourable Scott Brison, President of the Treasury Board on behalf of the Honourable Dominic LeBlanc, Minister of Fisheries, Oceans and the Canadian Coast Guard, will make an announcement related to the restoration of coastal...

at 11:00
Ontario Power Generation (OPG) today closed a $450 million green bond issuance, a first-of-its-kind financing for the Canadian energy sector. Proceeds will be used to finance hydroelectric projects that produce low-cost power free of carbon...

at 10:00
A travel center executive testifying on behalf of NATSO told a House panel that the Renewable Fuel Standard (RFS) is successfully incentivizing travel centers to incorporate advanced biofuels such as biodiesel into their fuel supply, but also warned...

at 08:00
The City of Middletown, Ohio activated its Energy Special Improvement District (ESID), allowing the municipality to establish a local commercial Property Assessed Clean Energy (C-PACE) financing program in partnership with Plug Smart, one of Ohio's...

at 07:00
Ellomay Capital Ltd. ("Ellomay" or the "Company"), a renewable energy and power generator and developer of renewable energy and power projects in Europe and Israel, today announced that its wholly owned Spanish subsidiary, Talasol Solar S.L....

21 jun 2018
(UPS: NYSE) On June 21, in a move bringing the company closer toward plans to have 50 per cent of its Canadian fleet running on alternative fuels by the end of 2018, new compressed natural gas (CNG) vehicles joined UPS Canada's growing alternative...




News published on 4 october 2017 at 04:16 and distributed by: