Strategic Analysis of the Global Demand-Responsive Transit (DRT) Market, Forecast to 2030

Strategic Analysis of the Global Demand-Responsive Transit (DRT) Market, Forecast to 2030

50+ Cities Globally to Implement DRT Solutions by 2020

RELEASE DATE
08-Jun-2018
REGION
Europe
Research Code: MD5A-01-00-00-00
SKU: AU01683-EU-MR_22000

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Description

Traditional public transit modes have remained unchanged over decades and inherent flaws have remained unaddressed. The fixed-route and fixed-schedule model works efficiently on high-density routes but routes with lower demand and density along with demand at odd hours are not as efficiently catered to by traditional public transit. While alternate modes of single-occupancy transport, such as taxis, private hire vehicles, chauffeur-driven vehicles, and others have evolved, these are much more expensive as compared to public transit as they offer greater levels of convenience. Demand-responsive single-occupancy modes such as app-based taxis and ride hailing vehicles have further increased convenience levels. Even as single-occupancy mobility modes continue to transform and offer new business models, shared mobility is increasingly being hailed as the need of the hour. Congestion, pollution, parking, and overdependence on conventional fuel are a few of the urban mobility issues that need immediate attention. Efficient shared mobility that offers convenience along with increasing utilization of assets and the overall efficacy of the model would be instrumental in revolutionizing the mobility market.

With different mobility modes evolving efficiently over time, there is a pressing need for shared mobility modes such as public transit to transform its operating models. Special jitney and shuttle services have been able to capture a part of the demand but these have remained restricted to institutional and organizational use. The emergence of demand-responsive shuttles and buses has defined a new growth paradigm for shared mobility. These shuttles, which offer the convenience of private transportation at price points similar to public transport, operate similar to e-hailing taxi apps. The service providers have an app interface that passengers can use to hail a shuttle. Using algorithms and data analytics, these shuttles group passengers travelling in the same direction and take the shortest route possible to the destination.

The demand-responsive shuttle transit model was first introduced in Finland and was called Kutsuplus. Since 2013, a number of service providers have entered the market with regions such as North America, Asia Pacific, and Europe being the hotspots. Though still at a nascent stage of development, the market holds immense potential as passengers become more accepting of shared mobility modes and governments and cities take a number of measures to introduce efficient mobility options that are aligned with the concept of smart cities. Government mandates on issues such as bans on highly polluting commercial vehicles in city centers, electric vehicles, and congestion are expected to be the key drivers for the market. In the long term, the advent of autonomous shuttles is further expected to increase efficiency of the model at much lower costs.

Table of Contents

Key Findings

Evolution of Public Bus Transit Systems

Understanding the Evolving Bus Systems

Demand-Responsive Transit—Market Overview

Demand-Responsive Shuttles—Market Size Overview

DRT Pricing and Costing

Investments in the DRT Market

DRT Use Cases

Snapshot of Key Markets

Major Participants Shaping the Market

Global Demand-Responsive Shuttle Market—Key Participants

Current Market Scenario

Engaging Key Stakeholders to Enable Success of Demand Responsive Shuttle Services

DRT—Future Vehicle Design

Key Findings and Future Outlook

Associated Multimedia

Research Scope

Geographic Definitions and Research Timeline

Research Aims and Objectives

Research Background

Research Methodology

Demand-Responsive Transit—Market Overview

Demand-Responsive Transit—Market Definitions

Characteristics of Traditional Bus Transit Models

Factors Impacting Transition to a Demand-Responsive Transit Model

Evolution towards Demand-Responsive Transit

Demand-Responsive Shuttle—How they Fit into Transport Systems

Average Fare Comparison—Public Transport v/s DRT v/s Taxis

The Concept of Demand-Responsive Transit

Demand-Responsive Transit Segments—Fixed Model

Demand-Responsive Transit Segments—Dynamic Model

Pricing Models

Cost Comparison—Fixed Route v/s Dynamic Route

Cost Analysis—Sam Trans’s Case Study

Stakeholder and Player Ecosystem

Demand-Responsive Shuttle Market—Key Participant Groups

Global Demand-Responsive Shuttle Market—Key Participants

Key Developments Catalyzing the Market

Company Snapshot—Chariot

Company Snapshot—Shuttl

Company Snapshot—Tuup’s On-Demand Mobility App, Kyyti

VTA Flex

Beeline

Company Snapshot—TransLoc, BestMile, and RideCell

OEMs’ DRT Strategies

Implications of the Demand-Responsive Shuttle Transit Model

Diversifying Customer Base

Demand-Responsive Shuttle Market—Global Snapshot

DRT Market North America—Frost & Sullivan Scenario

DRT Market Europe—Frost & Sullivan Scenario

DRT Market Asia Pacific—Frost & Sullivan Scenario

DRT Market Latin America—Frost & Sullivan Scenario

DRT Market Africa—Frost & Sullivan Scenario

DRT as a Percent of Shared Vehicles—Frost & Sullivan Scenario

Key Themes Defining Demand-Responsive Shuttle Transit

Market Drivers

Market Restraints

Data Analytics in DRT

Technology Trends—Electric Shuttles

Autonomous Technology as Catalyst for Demand-Responsive Transit

Operating Model of Demand-Responsive Autonomous Shuttle Transit

Case Study—BestMile

DRT—Future Vehicle Design

Autonomous Shuttle Pilots—Global Snapshot

Growth Opportunity—Building the case for Demand-Responsive Shuttles

Strategic Imperatives for Success and Growth

Key Conclusions and Future Outlook

3 Big Predictions

Legal Disclaimer

List of Exhibits

Global Footprint of Demand-Responsive Shuttle Services

Abbreviations and Acronyms Used

Market Engineering Methodology

List of Figures
  • 1. Demand-Responsive Shuttle Market: Key Takeaways, Global, 2017
  • 2. Demand-Responsive Shuttle Market: Investments in DRT Market, Global, 2017
  • 3. Demand-Responsive Shuttle Market: Use Cases, Global, 2017
  • 4. Demand-Responsive Shuttle Market: Key Participants, Global, 2017
  • 5. Demand-Responsive Shuttle Market: Current and Future Outlook, Global, 2017 and 2030
  • 6. Demand-Responsive Shuttle Market: Key Industry Participants, Global, 2017
  • 7. Demand-Responsive Shuttle Market: Cost Comparison, Global, 2018–2030
  • 8. Demand-Responsive Shuttle Market: Key Participants, Global, 2017
  • 9. Demand-Responsive Shuttle Market: Beeline Key Metrics, Global, 2017
  • 10. Demand-Responsive Shuttle Market: Key Market Drivers, Global, 2018–2030
  • 11. Demand-Responsive Shuttle Market: Key Market Restraints, Global, 2018–2030
List of Charts
  • 1. Demand-Responsive Shuttle Market: Evolution of Public Transit, Global, 1833–2017
  • 2. Demand-Responsive Shuttle Market: Market Overview, Global, 2017
  • 3. Demand-Responsive Shuttle Market: Market Overview, Global, 2017
  • 4. Demand-Responsive Shuttle Market: Pricing and Cost Structure, Global, 2017
  • 5. Demand-Responsive Shuttle Market: Market Metrics and Key Markets, Global, 2017
  • 6. Demand-Responsive Shuttle Market: Market Developments, Global, 2017
  • 7. Demand-Responsive Shuttle Market: Market Overview, Global, 2017
  • 8. Demand-Responsive Shuttle Market: Traditional Bus Transit Models, Global, 2018–2030
  • 9. Demand-Responsive Shuttle Market: Behavioral Changes Driving Transformations in the Transit Market, Global, 2017
  • 10. Demand-Responsive Shuttle Market: Operating Models, Global, 2017
  • 11. Average Fare Comparison of Public Transport in Key Cities—DRT & Taxis, Global, 2017
  • 12. Demand-Responsive Shuttle Market: Demand Responsive Transit Concept, Global, 2018–2030
  • 13. Demand-Responsive Shuttle Market: Transit Models—Fixed Model, Global, 2017
  • 14. Demand-Responsive Shuttle Market: Transit Models—Dynamic Model, Global, 2017
  • 15. Demand-Responsive Shuttle Market: Pricing Models, Global, 2017
  • 16. Demand-Responsive Shuttle Market: Case Study, Global, 2017
  • 17. Demand-Responsive Shuttle Market: Key Market Participants, Global, 2017
  • 18. Demand-Responsive Shuttle Market: VTA Flex, Global, 2017
  • 19. Demand-Responsive Shuttle Market: Long-term Implications, Global, 2017
  • 20. Demand-Responsive Shuttle Market: Expanding Customer Base, Global, 2017
  • 21. Demand-Responsive Shuttle Market: Fleet Size, Global, 2016–2030
  • 22. Demand-Responsive Shuttle Market: Fleet Size and Total Number of Rides, NA, 2016–2030
  • 23. Demand-Responsive Shuttle Market: Fleet Size and Total Number of Rides, Europe, 2016–2030
  • 24. Demand-Responsive Shuttle Market: Fleet Size and Total Number of Rides, Latin America, 2016–2030
  • 25. Demand-Responsive Shuttle Market: Fleet Size and Total Number of Rides, Africa, 2016–2030
  • 26. Demand-Responsive Shuttle Market: Fleet Size and Penetration Rate, Global, 2016–2030
  • 27. Demand-Responsive Shuttle Market: Impact of Autonomous Shuttles, Global, 2017
  • 28. Demand-Responsive Shuttle Market: Key Conclusions, Global, 2017
  • 29. Demand-Responsive Shuttle Market: Key Market Participants, Global, 2017
Related Research
Traditional public transit modes have remained unchanged over decades and inherent flaws have remained unaddressed. The fixed-route and fixed-schedule model works efficiently on high-density routes but routes with lower demand and density along with demand at odd hours are not as efficiently catered to by traditional public transit. While alternate modes of single-occupancy transport, such as taxis, private hire vehicles, chauffeur-driven vehicles, and others have evolved, these are much more expensive as compared to public transit as they offer greater levels of convenience. Demand-responsive single-occupancy modes such as app-based taxis and ride hailing vehicles have further increased convenience levels. Even as single-occupancy mobility modes continue to transform and offer new business models, shared mobility is increasingly being hailed as the need of the hour. Congestion, pollution, parking, and overdependence on conventional fuel are a few of the urban mobility issues that need immediate attention. Efficient shared mobility that offers convenience along with increasing utilization of assets and the overall efficacy of the model would be instrumental in revolutionizing the mobility market. With different mobility modes evolving efficiently over time, there is a pressing need for shared mobility modes such as public transit to transform its operating models. Special jitney and shuttle services have been able to capture a part of the demand but these have remained restricted to institutional and organizational use. The emergence of demand-responsive shuttles and buses has defined a new growth paradigm for shared mobility. These shuttles, which offer the convenience of private transportation at price points similar to public transport, operate similar to e-hailing taxi apps. The service providers have an app interface that passengers can use to hail a shuttle. Using algorithms and data analytics, these shuttles group passengers travelling in the same direction
More Information
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Table of Contents | Executive Summary~ || Key Findings~ || Evolution of Public Bus Transit Systems~ || Understanding the Evolving Bus Systems~ || Demand-Responsive Transit—Market Overview~ || Demand-Responsive Shuttles—Market Size Overview~ || DRT Pricing and Costing~ || Investments in the DRT Market~ || DRT Use Cases~ || Snapshot of Key Markets~ || Major Participants Shaping the Market~ || Global Demand-Responsive Shuttle Market—Key Participants~ || Current Market Scenario~ || Engaging Key Stakeholders to Enable Success of Demand Responsive Shuttle Services~ || DRT—Future Vehicle Design~ || Key Findings and Future Outlook~ || Associated Multimedia~ | Research Scope, Objectives, Background, and Methodology~ || Research Scope~ || Geographic Definitions and Research Timeline~ || Research Aims and Objectives~ || Research Background~ || Research Methodology~ | Definitions and Segmentation~ || Demand-Responsive Transit—Market Overview~ || Demand-Responsive Transit—Market Definitions~ | Introduction to the Demand-Responsive Shuttle Market~ || Characteristics of Traditional Bus Transit Models~ || Factors Impacting Transition to a Demand-Responsive Transit Model~ || Evolution towards Demand-Responsive Transit~ || Demand-Responsive Shuttle—How they Fit into Transport Systems~ || Average Fare Comparison—Public Transport v/s DRT v/s Taxis~ || The Concept of Demand-Responsive Transit~ || Demand-Responsive Transit Segments—Fixed Model~ || Demand-Responsive Transit Segments—Dynamic Model~ || Pricing Models~ || Cost Comparison—Fixed Route v/s Dynamic Route~ || Cost Analysis—Sam Trans’s Case Study~ | Market Landscape~ || Stakeholder and Player Ecosystem~ || Demand-Responsive Shuttle Market—Key Participant Groups~ || Global Demand-Responsive Shuttle Market—Key Participants~ || Key Developments Catalyzing the Market~ || Company Snapshot—Chariot~ || Company Snapshot—Shuttl~ || Company Snapshot—Tuup’s On-Demand Mobility App, Kyyti~ || VTA Flex~ || Beeline~ || Company Snapshot—TransLoc, BestMile, and RideCell~ || OEMs’ DRT Strategies~ || Implications of the Demand-Responsive Shuttle Transit Model~ || Diversifying Customer Base~ | Global and Regional Analysis of the Demand-Responsive Shuttle Market~ || Demand-Responsive Shuttle Market—Global Snapshot~ || DRT Market North America—Frost & Sullivan Scenario~ || DRT Market Europe—Frost & Sullivan Scenario~ || DRT Market Asia Pacific—Frost & Sullivan Scenario~ || DRT Market Latin America—Frost & Sullivan Scenario~ || DRT Market Africa—Frost & Sullivan Scenario~ || DRT as a Percent of Shared Vehicles—Frost & Sullivan Scenario~ | Drivers and Restraints—Demand-Responsive Shuttle Market~ || Key Themes Defining Demand-Responsive Shuttle Transit~ || Market Drivers~ || Market Restraints~ | Impact of Technology~ || Data Analytics in DRT~ || Technology Trends—Electric Shuttles~ || Autonomous Technology as Catalyst for Demand-Responsive Transit~ || Operating Model of Demand-Responsive Autonomous Shuttle Transit~ || Case Study—BestMile~ || DRT—Future Vehicle Design~ || Autonomous Shuttle Pilots—Global Snapshot~ | Growth Opportunities and Companies to Action~ || Growth Opportunity—Building the case for Demand-Responsive Shuttles~ || Strategic Imperatives for Success and Growth~ | Conclusions and Future Outlook~ || Key Conclusions and Future Outlook~ || 3 Big Predictions~ || Legal Disclaimer~ | Appendix~ || List of Exhibits~ || Global Footprint of Demand-Responsive Shuttle Services~ || Abbreviations and Acronyms Used~ || Market Engineering Methodology~
List of Charts and Figures 1. Demand-Responsive Shuttle Market: Key Takeaways, Global, 2017~ 2. Demand-Responsive Shuttle Market: Investments in DRT Market, Global, 2017~ 3. Demand-Responsive Shuttle Market: Use Cases, Global, 2017~ 4. Demand-Responsive Shuttle Market: Key Participants, Global, 2017~ 5. Demand-Responsive Shuttle Market: Current and Future Outlook, Global, 2017 and 2030~ 6. Demand-Responsive Shuttle Market: Key Industry Participants, Global, 2017~ 7. Demand-Responsive Shuttle Market: Cost Comparison, Global, 2018–2030 ~ 8. Demand-Responsive Shuttle Market: Key Participants, Global, 2017~ 9. Demand-Responsive Shuttle Market: Beeline Key Metrics, Global, 2017~ 10. Demand-Responsive Shuttle Market: Key Market Drivers, Global, 2018–2030~ 11. Demand-Responsive Shuttle Market: Key Market Restraints, Global, 2018–2030~| 1. Demand-Responsive Shuttle Market: Evolution of Public Transit, Global, 1833–2017~ 2. Demand-Responsive Shuttle Market: Market Overview, Global, 2017~ 3. Demand-Responsive Shuttle Market: Market Overview, Global, 2017~ 4. Demand-Responsive Shuttle Market: Pricing and Cost Structure, Global, 2017~ 5. Demand-Responsive Shuttle Market: Market Metrics and Key Markets, Global, 2017~ 6. Demand-Responsive Shuttle Market: Market Developments, Global, 2017~ 7. Demand-Responsive Shuttle Market: Market Overview, Global, 2017~ 8. Demand-Responsive Shuttle Market: Traditional Bus Transit Models, Global, 2018–2030 ~ 9. Demand-Responsive Shuttle Market: Behavioral Changes Driving Transformations in the Transit Market, Global, 2017~ 10. Demand-Responsive Shuttle Market: Operating Models, Global, 2017~ 11. Average Fare Comparison of Public Transport in Key Cities—DRT & Taxis, Global, 2017~ 12. Demand-Responsive Shuttle Market: Demand Responsive Transit Concept, Global, 2018–2030 ~ 13. Demand-Responsive Shuttle Market: Transit Models—Fixed Model, Global, 2017~ 14. Demand-Responsive Shuttle Market: Transit Models—Dynamic Model, Global, 2017~ 15. Demand-Responsive Shuttle Market: Pricing Models, Global, 2017~ 16. Demand-Responsive Shuttle Market: Case Study, Global, 2017~ 17. Demand-Responsive Shuttle Market: Key Market Participants, Global, 2017~ 18. Demand-Responsive Shuttle Market: VTA Flex, Global, 2017~ 19. Demand-Responsive Shuttle Market: Long-term Implications, Global, 2017~ 20. Demand-Responsive Shuttle Market: Expanding Customer Base, Global, 2017~ 21. Demand-Responsive Shuttle Market: Fleet Size, Global, 2016–2030~ 22. Demand-Responsive Shuttle Market: Fleet Size and Total Number of Rides, NA, 2016–2030~ 23. Demand-Responsive Shuttle Market: Fleet Size and Total Number of Rides, Europe, 2016–2030~ 24. Demand-Responsive Shuttle Market: Fleet Size and Total Number of Rides, Latin America, 2016–2030~ 25. Demand-Responsive Shuttle Market: Fleet Size and Total Number of Rides, Africa, 2016–2030~ 26. Demand-Responsive Shuttle Market: Fleet Size and Penetration Rate, Global, 2016–2030~ 27. Demand-Responsive Shuttle Market: Impact of Autonomous Shuttles, Global, 2017~ 28. Demand-Responsive Shuttle Market: Key Conclusions, Global, 2017~ 29. Demand-Responsive Shuttle Market: Key Market Participants, Global, 2017~
Author Albert Geraldine Priya
Industries Automotive
WIP Number MD5A-01-00-00-00
Keyword 1 DRT
Is Prebook No
GPS Codes 9673-A6,9800-A6,9807-A6,9965-A6,9A57-A6,9AF6-A6