Smart Commute Market 2019 | Worldwide Overview By Industry Size, Market Share, Future Trends, Growth Factors and Leading Players To 2023

Global Smart Commute Market Research Report, by Type (Carpooling, Van Pooling, Bike Pooling, Bicycle Pooling, Metro, Others), Solution (Mobile App, Smart Ticketing, Parking Management, Traffic Management, Others)— Forecast till 2023

Pune, India - August 16, 2019 /MarketersMedia/ —

Overview:
Smart commute is a way of plying between points using carpooling, vanpooling, bike pooling, bicycle pooling and metro. The intention is to reduce traffic, curb carbon emission, and save fuel cost. This has become significantly popular in major urban cities and is currently eyeing a 25.62% CAGR during the forecast period (2018-2023). Market Research Future (MRFR) in their latest report on the market revealed USD 104.22 billion valuation by 2023 is quite achievable for the smart commute market.
Factors such as advantages in parking space is playing big. In cities like New York parking is a big issue and such a step is expected to help the parking problem and reduce traffic load on the street. In urban areas, plans are getting approved with an eye on facilitating such initiatives. Rising urbanization and demographic challenges are triggering the intake of this smart commute market further. Participation from Ola, Uber and other app-based cab services are also ensuring strong growth for the smart commute market.

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Segmentation:
The global smart commute market, as defined by MRFR in their recent report, banks on a proper segmentation. This segmentation is based on type and solution and is backed by data from volume-wise and value-wise analysis.
Based on the type, the smart commute market is segmented into carpooling, van pooling, bike pooling, bicycle pooling, metro, and others. The carpooling segment is gaining strong attention as schools and offices are employing this method to reduce carbon emission and save fuel cost. The bike pooling is also gaining mileage owing to several apps showing interest in launching the service. Ola bike is one such initiative in India.
Based on the solution, the smart commute market comprises mobile app, smart ticketing, parking management, traffic management and others. The mobile app segment is getting strong tailwinds owing to high inclusion of smartphones across countries.

Competitive Landscape:
Major players in the Smart Commute Market are implementing various strategic moves that would inspire individual growth and take the market ahead holistically. These companies are ePoolers Technologies Pvt. Ltd. (India), South Florida Commuter Services (US), Uber Technologies Inc. (India), Quick Ride (India), Metrolinx (Canada), ANI Technologies Pvt. Ltd. (India), Central Indiana Regional Transportation Authority (CIRTA) (US), ZipGo Technologies Pvt. Ltd (India), CommuteSMART (US), Oakland Smart Commute (California), Turo (US), BlaBlaCar (France), Carma Technology Corporation (Europe), and others. MRFR profiled them to unearth recent trends that can impact the global market.
Recently, Hero Cycles have partnered with Smart Commute Foundation to promote smart commuting. Such an initiative from a vehicle manufacturer is definitely a good move and is expected to boost the intake of the smart commute market.

Regional Analysis:
MRFR’s analysis of the smart commute market has a region-specific study that encompasses namely, North America, Europe, Asia-Pacific (APAC), and the Rest of the World (RoW). The global market has several growth pockets that have been unveiled in the report for a better understanding of the flow.
The APAC market is showing promises to emerge as the fastest growing one during the forecast period. Governments are becoming stringent regarding carbon emission as several cities in the region have shown results of carbon particles way above the safe mark. The high population density is also asking for vehicle reduction on the road to provide hassle-free traffic. In addition, automobile manufacturers are devising plans that would ensure growth in the shared mobility ecosystem within the region. However, safety remains an issue in the region, which companies are trying to explore to enhance number of commuters.
Europe has the second largest market and is fetching in substantial revenue. The regional mentality is more inclined towards eco-friendly decisions that is why people are opting for this option more and more. North America holds the third spot. However, the regional market is getting disturbed by the high number of vehicle ownership.

LIST OF TABLES
Table 1 Global Smart Commute Market, By Region, 2018–2023
Table 2 North America: Smart Commute Market, By Country, 2018–2023
Table 3 Europe: Smart Commute Market, By Country, 2018–2023
Table 4 Asia-Pacific: Smart Commute Market, By Country, 2018–2023
Table 5 Middle East & Africa: Smart Commute Market, By Country, 2018–2023
Continued……

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LIST OF FIGURES
FIGURE 1 Global Smart Commute Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Porter’s Five Forces Analysis Of Global Smart Commute Market
FIGURE 4 Value Chain Of Global Smart Commute Market
FIGURE 5 Share Of Global Smart Commute Market In 2017, By Country (In %)
Continued……

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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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