The personal transportation market is evolving, with more options available for an increasing share of consumers, including new ways of planning trips, automated systems, and shared vehicle services, affecting everything from parking habits to the number of vehicles in operation. Factors such as the adoption of autonomous vehicles, multimodal integration solutions, and urban versus rural/suburban population distribution are just some of the ways expected to influence all aspects of the transportation market. Click to tweet: According to a new report from @NavigantRSRCH, trends in emerging mobility services are converging to influence and reshape the future transportation market.
“During the 2020s, a number of vehicles will gain self-driving capabilities,” says Logan Grizzel, managing consultant with Navigant. “This capability, combined with other emerging mobility systems like ride hailing and new technologies like wireless charging, will create a whole new marketplace of opportunities that support the new ways of getting around.”
All of these factors will affect how consumers choose to travel in the future, particularly as shared and innovative transportation methods begin to take the place of personal vehicle ownership. According to the report, the opportunity for industry players to lead in this new space is likely to last for only the next few years before dominant leaders around each new solution begin to emerge.
The report, Emerging Mobility Services, examines the trends associated with emerging mobility services most likely to influence the future transportation market. Insight is provided into how the four major trends could transform the global transportation market. The report also introduces a potential way to measure and model the vehicle and travel impacts as emerging transportation options lead to shifts in transportation types chosen by consumers. An Executive Summary of the report is available for free download on the Navigant Research website.
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Navigant Research, the dedicated research arm of Navigant, provides market research and benchmarking services for rapidly changing and often highly regulated industries. In the energy sector, Navigant Research focuses on in-depth analysis and reporting about global clean technology markets. The team’s research methodology combines supply-side industry analysis, end-user primary research and demand assessment, and deep examination of technology trends to provide a comprehensive view of the Energy Technologies, Utility Transformations, Transportation Efficiencies, and Buildings Innovations sectors. Additional information about Navigant Research can be found at www.navigantresearch.com.
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* The information contained in this press release concerning the report, Emerging Mobility Services, is a summary and reflects Navigant Research’s current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Navigant Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.