Expected Success of Shared Mobility and Implications on Vehicle Ownership, Forecast to 2022

Expected Success of Shared Mobility and Implications on Vehicle Ownership, Forecast to 2022

Predicting Success of MaaS in North America

RELEASE DATE
03-Dec-2019
REGION
North America
Research Code: 9AB2-00-C3-00-00
SKU: AU01914-NA-MR_23788

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AU01914-NA-MR_23788

$1,500.00

$1,125.00 save 25 %

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Description

The Expected Success of Shared Mobility and Implications on Vehicle Ownership takes a holistic approach to determining the success of new shared mobility platforms in specific urban areas as well as the implications on personal vehicle ownership. First, the study analyzes key market drivers and restraints, interpreting factors such as declining vehicle sales, competition from new ridehailing entrants, and proliferation of shared mobility services. This in addition to statistics around urbanization, declining public transit 'ridership', and investment from major tech players and OEMs guides the analysis of key variables.

From these variables, such as total cost of vehicle ownership, access to public transportation, mobility service offerings, congestions/traffic patterns, and urban sprawl/city size, we create various scores for select geographies. The cost and convenience score, congestion score, mobility score, and public incentive score help to frame how the variables influence personal vehicle ownership. Applying these variables to the cities of Seattle, Dallas, and Detroit explains why consumers may or may not choose to relinquish a personal vehicle.

While the likelihood to own a personal vehicle strongly influences the success of shared mobility platforms, it is important to dig deeper to uncover other factors that may determine how new mobility services will fare in select geographies. With that in mind, we analyze variables such as population density, tech saturation, parking cost/availability, urban design, and access to public transportation to create scores for select geographies. This includes the entrance score, pedestrian friendliness score, accessibility score, and public incentive score to understand if mobility services are likely to thrive in the aforementioned cities.

Once scores have been calculated from both quantitative and qualitative information, analysis and interpretation of both the success of mobility services and likelihood of personal vehicle ownership specific geographies becomes understandable. By taking an average of all scores, it is possible to compare geographies on the same scale. As such, this study serves as a framework to interpret success of shared mobility services and likelihood of personal vehicle ownership across cities in the US.

This model grows as new information is gathered, demographics, services, regulation, initiatives and variables change. The flexibility provided by this study can help guide future analysis of the topics researched in various urban settings. New mobility and powertrain innovations are certain to change consumer ownership and transit habits. Urban infrastructure development will cause some cities to be more attractive for public transit ridership, personal vehicle ownership, and mobility service adoption. With this in mind, the weight assigned to various scores can be easily adapted with societal changes.

Author: Nicolas Inchaustegui

Table of Contents

Key Findings—Personal Vehicle Ownership

Key Findings—Mobility-as-a-Service Adoption

Key Findings and Future Outlook

Research Scope and Objectives

Market Drivers—Vehicle Ownership

Vehicle Ownership Drivers Explained

Market Restraints—Vehicle Ownership

Vehicle Ownership Restraints Explained

Market Drivers—MaaS

MaaS Drivers Explained

Market Restraints—MaaS

MaaS Restraints Explained

Market Trends Discussion (2018–2022)

Predicting Vehicle Ownership

Predicting Vehicle Ownership (continued)

Criteria and Variables

Criteria and Variables (continued)

Likelihood to Forego Personal Vehicle Ownership

Predicting the Success of Shared Mobility Services

Predicting the Success of Shared Mobility Services (continued)

Criteria and Variables

Criteria and Variables (continued)

Predicted Success of Shared Mobility

Vehicle Ownership Profile—Seattle

Vehicle Ownership Profile—Dallas

Vehicle Ownership Profile—Detroit

Success of Shared Mobility Profile—Seattle

Success of Shared Mobility Profile—Dallas

Success of Shared Mobility Profile—Detroit

OEMs and MaaS Providers

MaaS Growth Opportunities

Strategic Imperatives for Success and Growth of New Mobility Services

Likelihood to Forego Vehicle Ownership Summary

Success of Shared Mobility Summary

Legal Disclaimer

List of Exhibits

The Frost & Sullivan Story

Value Proposition—Future of Your Company & Career

Global Perspective

Industry Convergence

360º Research Perspective

Implementation Excellence

Our Blue Ocean Strategy

Related Research
The Expected Success of Shared Mobility and Implications on Vehicle Ownership takes a holistic approach to determining the success of new shared mobility platforms in specific urban areas as well as the implications on personal vehicle ownership. First, the study analyzes key market drivers and restraints, interpreting factors such as declining vehicle sales, competition from new ridehailing entrants, and proliferation of shared mobility services. This in addition to statistics around urbanization, declining public transit 'ridership', and investment from major tech players and OEMs guides the analysis of key variables. From these variables, such as total cost of vehicle ownership, access to public transportation, mobility service offerings, congestions/traffic patterns, and urban sprawl/city size, we create various scores for select geographies. The cost and convenience score, congestion score, mobility score, and public incentive score help to frame how the variables influence personal vehicle ownership. Applying these variables to the cities of Seattle, Dallas, and Detroit explains why consumers may or may not choose to relinquish a personal vehicle. While the likelihood to own a personal vehicle strongly influences the success of shared mobility platforms, it is important to dig deeper to uncover other factors that may determine how new mobility services will fare in select geographies. With that in mind, we analyze variables such as population density, tech saturation, parking cost/availability, urban design, and access to public transportation to create scores for select geographies. This includes the entrance score, pedestrian friendliness score, accessibility score, and public incentive score to understand if mobility services are likely to thrive in the aforementioned cities. Once scores have been calculated from both quantitative and qualitative information, analysis and interpretation of both the success of mobility services and likelihood of personal vehicle ownership specific geographies becomes understandable. By taking an average of all scores, it is possible to compare geographies on the same scale. As such, this study serves as a framework to interpret success of shared mobility services and likelihood of personal vehicle ownership across cities in the US. This model grows as new information is gathered, demographics, services, regulation, initiatives and variables change. The flexibility provided by this study can help guide future analysis of the topics researched in various urban settings. New mobility and powertrain innovations are certain to change consumer ownership and transit habits. Urban infrastructure development will cause some cities to be more attractive for public transit ridership, personal vehicle ownership, and mobility service adoption. With this in mind, the weight assigned to various scores can be easily adapted with societal changes. Author: Nicolas Inchaustegui
More Information
No Index No
Podcast No
Author Nicolas Inchaustegui
Industries Automotive
WIP Number 9AB2-00-C3-00-00
Is Prebook No
GPS Codes 9800-A6,9813-A6,9A70-A6,9883-A6,9889-A6,9832-A6,9AF6-A6,9B02-A6