Growth Opportunities in Demand Responsive Transport

Growth Opportunities in Demand Responsive Transport

Public-private Partnerships, Government Push, and Digital Innovation Drive $23 Billion Revenue Potential by 2030

RELEASE DATE
26-May-2023
REGION
North America
Deliverable Type
Market Research
Research Code: PE77-01-00-00-00
SKU: AU02530-GL-MT_27646
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Growth Opportunities in Demand Responsive Transport
Published on: 26-May-2023 | SKU: AU02530-GL-MT_27646

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For almost a decade, incremental but rapid progress has fueled a new paradigm for how cities move people around. Driven by quickly evolving technologies, new business models, and shifting social expectations, mobility has been transforming to deliver sustainable, equitable, efficient, and convenient services. This transformation involves the increasingly expansive demand responsive transport (DRT) industry that has picked up momentum from the need for efficient and flexible public transportation options.

This study provides a comprehensive analysis of the global DRT industry, including market sizing and forecasting, business and revenue models, regional performance, and growth opportunities. Market measurements are analyzed for the year of 2022 and forecasted run from 2023 to 2030.

The report covers key players in the DRT industry across regions, including North America, Europe, Asia-Pacific (APAC), Africa, and the Rest of the World (including Latin America and Middle East). It explores the different business models employed by B2B, B2G, and B2C operators, including a look at their various revenue models (e.g., subscription-based, pay-per-ride, and corporate partnerships).

The study discusses major trends that are shaping the DRT industry, such as electrification, autonomous vehicles, digitization of public transport operators, market consolidation, and new use cases. These trends are analyzed in detail, including the potential impact on the industry and the challenges that DRT operators may face in adopting them. Although the DRT industry may experience slow growth in the short term, rapid expansion is likely after 2025, driven by new regulations and the digitization of public transport infrastructure, which will enable DRT to reach its full potential. The report concludes with an assessment of the top growth opportunities in the DRT industry.

Research Scope

A brief market overview, including its segments and types
Pricing and revenue model
Fleet and gross market value forecast at the region level
Market trends/growth opportunities 
Competitive benchmarking
Market readiness
Key company profiles

Author: Chanchal Jetha

Why is it Increasingly Difficult to Grow?

The Strategic Imperative 8™

The Impact of the Top 3 Strategic Imperatives on the Demand Responsive Transport (DRT) Industry

Growth Opportunities Fuel the Growth Pipeline Engine™

Scope of Analysis

The DRT Concept

Segmentation

Factors Promoting the Transition to a DRT Model

DRT Use Cases

DRT Types—Fixed Routing

DRT Types—Flexible Routing

DRT Types—On-demand

Key Competitors

Growth Drivers

Growth Restraints

DRT—Possible Revenue Models

Growth Metrics

Forecast Assumptions

Forecast Assumptions (continued)

Gross Market Value

Vehicles in Operation

Gross Market Value by Type

Vehicles in Operation by Segment

Gross Market Value by Region

Vehicles in Operation by Region

Vehicles in Operation Market Snapshot by Segment

Regional Market Share of Key Players by VIO

Forecast Analysis

Pricing Trends and Forecast Analysis

DRT Pricing

Average Fare Comparison—Public Transport, DRT, and Taxis

Understanding the DRT Maturity Parameters

Competitive Environment

Evolving Use Cases of DRT Vehicles

Key Trends Defining the DRT Market

DRT Tech and Public Transport—A Promising Duo

Key Electric DRT Schemes and Regulations

Electrification of DRT Fleets—Key Players

Market Consolidation

From On-demand to Autonomous

Growth Metrics

Gross Market Value, North America

Gross Market Value by Type, North America

Vehicles in Operation, North America

Vehicles in Operation by Segment, North America

Forecast Analysis

Competitive Benchmarking—DRT Programs

DRT Market Readiness

RideCo—Company Overview

RideCo—Company Overview (continued)

The Routing Company—Company Overview

The Routing Company—Company Overview (continued)

Growth Metrics

Gross Market Value, Europe

Vehicles in Operation, Europe

Gross Market Value by Type, Europe

Vehicles in Operation by Segment, Europe

Forecast Analysis

Competitive Benchmarking—DRT Programs

DRT Market Readiness, Europe

Nemi—Company Overview

Nemi—Company Overview (continued)

Padam Mobility—Company Overview

Padam Mobility—Company Overview (continued)

Zeelo—Company Overview

Zeelo—Company Overview (continued)

MOIA—Company Overview

MOIA—Company Overview (continued)

Growth Metrics

Gross Market Value, APAC

Vehicles in Operation, APAC

Gross Market Value by Type, APAC

Vehicles in Operation by Segment, APAC

Forecast Analysis

Competitive Benchmarking—DRT Programs

DRT Market Readiness, APAC

SWAT Mobility—Company Overview

SWAT Mobility—Company Overview (continued)

Mirai Share—Company Overview

Mirai Share—Company Overview (continued)

Growth Metrics

Gross Market Value, Africa

Vehicles in Operation, Africa

Gross Market Value by Type, Africa

Vehicles in Operation by Segment, Africa

Forecast Analysis

Competitive Benchmarking—DRT Programs

DRT Market Readiness, Africa

SWVL—Company Overview

SWVL—Company Overview (continued)

Growth Metrics

Gross Market Value, RoW

Vehicles in Operation, RoW

Gross Market Value by Type, RoW

Vehicles in Operation by Segment, RoW

Forecast Analysis

Competitive Benchmarking—DRT Programs

DRT Market Readiness, RoW

Growth Opportunity 1—Business Model Diversification and Big Data Technologies

Growth Opportunity 1—Business Model Diversification and Big Data Technologies (continued)

Growth Opportunity 2—Investment in Digital Infrastructure

Growth Opportunity 2—Investment in Digital Infrastructure

Growth Opportunity 3—Technology Convergence and Stakeholder Collaboration

Growth Opportunity 3—Technology Convergence and Stakeholder Collaboration (continued)

Your Next Steps

Why Frost, Why Now?

List of Exhibits

List of Exhibits (continued)

List of Exhibits (continued)

Legal Disclaimer

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A tailored session with you where we identify the:
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  • Growth Opportunities
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Impacting your company's future growth potential.

For almost a decade, incremental but rapid progress has fueled a new paradigm for how cities move people around. Driven by quickly evolving technologies, new business models, and shifting social expectations, mobility has been transforming to deliver sustainable, equitable, efficient, and convenient services. This transformation involves the increasingly expansive demand responsive transport (DRT) industry that has picked up momentum from the need for efficient and flexible public transportation options. This study provides a comprehensive analysis of the global DRT industry, including market sizing and forecasting, business and revenue models, regional performance, and growth opportunities. Market measurements are analyzed for the year of 2022 and forecasted run from 2023 to 2030. The report covers key players in the DRT industry across regions, including North America, Europe, Asia-Pacific (APAC), Africa, and the Rest of the World (including Latin America and Middle East). It explores the different business models employed by B2B, B2G, and B2C operators, including a look at their various revenue models (e.g., subscription-based, pay-per-ride, and corporate partnerships). The study discusses major trends that are shaping the DRT industry, such as electrification, autonomous vehicles, digitization of public transport operators, market consolidation, and new use cases. These trends are analyzed in detail, including the potential impact on the industry and the challenges that DRT operators may face in adopting them. Although the DRT industry may experience slow growth in the short term, rapid expansion is likely after 2025, driven by new regulations and the digitization of public transport infrastructure, which will enable DRT to reach its full potential. The report concludes with an assessment of the top growth opportunities in the DRT industry.--BEGIN PROMO--

Research Scope

A brief market overview, including its segments and types
Pricing and revenue model
Fleet and gross market value forecast at the region level
Market trends/growth opportunities 
Competitive benchmarking
Market readiness
Key company profiles

Author: Chanchal Jetha

More Information
Deliverable Type Market Research
Author Chanchal Jetha
Industries Automotive
No Index No
Is Prebook No
Keyword 1 DRT Market
Keyword 2 Demand Responsive Transit
Keyword 3 Demand Responsive Transport
Podcast No
WIP Number PE77-01-00-00-00