About This Report

Sustainable urban mobility focuses on developing economical and environmentally sustainable means of transportation within cities. It focuses on lowering dependence on private cars, traffic congestion, and pollution. This entails encouraging the usage of shared rides, bicycles, walking, and public transportation like buses, trams, and trains. The objective is to improve the quality of life for citizens while safeguarding the environment by making cities cleaner, calmer, and easier to access. It also entails utilizing technology to improve transportation infrastructure and lessen the environmental impact of urban mobility.
In 2022, the Sustainable Urban Mobility market was valued at US$ XX million, which is anticipated to be around US$ XX million by 2030. Over the forecast period, the market is expected to grow at a CAGR of XX%.

Government initiatives and technological advancements are the drivers while political and regulatory hurdles are a restraint

Globally, governments are becoming more aware of the significance of sustainable urban mobility in addressing environmental issues and traffic congestion. They put regulations into place including encouraging public transportation, designating areas as car-free, and providing financial aid for electric cars. With considerable investments in sustainable transportation, the European Union's Green Deal, for instance, intends to make Europe the first climate-neutral continent by 2050. Furthermore, technology has advanced quickly, resulting in the creation of mobility apps, intelligent traffic management systems, and electric automobiles. Due to their zero-emission status, lower operating costs, and expanding charging infrastructure, electric cars (EVs) have become more popular. By lowering the demand for private vehicle ownership, the growth of shared mobility services and ride-hailing applications has also aided in the development of sustainable urban transportation.

However, navigating difficult political environments and regulatory frameworks is frequently necessary when implementing sustainable mobility solutions. The adoption of successful policies can be hampered by stakeholder opposition, a lack of political will, and bureaucracy. Debatable issues include the adoption of congestion charges or limitations on the usage of automobiles in urban areas. In 2020, the Indian government introduced the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME II) program, which offers financial incentives for the purchase of electric vehicles to promote sustainable urban mobility. The objective of this program is to encourage the creation and use of electric vehicles throughout the nation.

Mobility-as-a-Service (Maas) segment is expected to account for a significant market share by the solution type segment

The global Sustainable Urban Mobility market is mainly classified based on mode of transportation and solution type. On the basis of the mode of transportation, the market is segmented into shared mobility services, active transportation (walking and cycling), electric and hybrid vehicles, public transportation, and others. Based on the solution type, the market is divided into mobility-as-a-service (MaaS) platforms, urban planning, and infrastructure development, intelligent transport systems (ITS), smart parking solutions, electric charging infrastructure, and other solution types.

Based on the solution type, it is projected that the Mobility-as-a-Service (MaaS) platforms segment will dominate in the Sustainable Urban Mobility market. The Mobility-as-a-Service (MaaS) platforms segment's dominance in the Sustainable Urban Mobility market may be defined by a number of important factors, including the changing demands and tastes of urban passengers and the technological developments reshaping the field of transportation. Users may easily plan, reserve, and pay for several types of transportation using MaaS platforms' one app. The travel process is streamlined and the need to handle numerous accounts or apps for various services is removed thanks to this integrated approach.

The demand for effective and seamless mobility solutions has risen as more and more individuals move to cities. MaaS platforms combine public transportation, ridesharing, bike sharing, and other means of transportation to offer a comprehensive solution for navigating complex urban areas. For instance, Helsinki, Finland, a significant worldwide metropolis, successfully executed the MaaS program known as "Whim." Whim, which was introduced in 2017, gives customers access to a variety of transportation alternatives, including buses, trains, taxis, and bike rentals, all through a single app. Whim had amassed over 100,000 registered users by the end of 2020, demonstrating the significant need for integrated mobility solutions. In other locations around the world where MaaS platforms have grown in popularity, similar success stories may be discovered.
The widespread use of smartphones and digital connectivity has made MaaS platforms more accessible and usable. Users can get real-time information about services that are available, route possibilities, and transportation schedules, which improves the whole travel experience. MaaS platforms encourage the use of sharing and environmentally friendly means of transportation like public transportation, biking, and walking. This is consistent with the increased focus on lowering carbon emissions and encouraging greener urban environments. The MaaS market has the potential to develop, according to data from Statista. Mobility-as-a-Service was projected to have a global market value of 14.8 billion dollars in 2020. Urbanization, technology developments, and shifting consumer preferences are expected to promote a large growth in this number during the ensuing years.

Interesting Facts of Sustainable Urban Mobility Market.

• On the basis of mode of transportation, the shared mobility services category is anticipated to have a sizable market share in the Sustainable Urban Mobility market. Various modes of transportation, including ride-hailing, car-sharing, bike-sharing, and scooter-sharing, are included in shared mobility services.
• Based on the solution type, it is projected that the Mobility-as-a-Service (MaaS) platforms segment will dominate in the Sustainable Urban Mobility market. By providing streamlined and integrated mobility solutions, MaaS platforms are revolutionizing how people organize and carry out their urban travel.
• The Asia Pacific area is a vibrant center for sustainable urban mobility solutions due to increased urbanization and rising pollution concerns. To combat urban congestion and environmental issues, nations like China and India are embracing electric automobiles, bike-sharing initiatives, and smart transportation systems.
• North America is at the forefront of innovations in sustainable mobility Due to its internet-savvy population and the presence of significant automotive and tech corporations. Initiatives to improve urban mobility and lower carbon emissions include the adoption of electric vehicles, bike-friendly infrastructure, and smart city projects.
• An increasing interest in sustainable urban mobility is being seen throughout the Middle East and Africa region as a means of addressing challenges with urbanization and traffic congestion. To improve mobility options and lessen dependency on fossil fuels, governments are investing in public transportation, electric automobiles, and smart transportation systems.
• South America is gradually adopting sustainable urban mobility options in order to solve urban congestion and environmental issues. Initiatives to encourage cleaner transportation alternatives are being implemented in nations like Brazil and Colombia, including electric bus fleets and bike-sharing schemes.

Europe will account for the largest share of the Sustainable Urban Mobility industry.

Globally, Europe dominates the market for sustainable urban mobility. The area has taken the lead in implementing and encouraging a variety of sustainable urban mobility options because of its commitment to sustainable practices, established urban infrastructure, and helpful government regulations. Cities in Europe have led the way in putting policies like Mobility-as-a-Service (MaaS) platforms, bike-sharing programs, effective public transportation systems, and infrastructure for electric vehicle charging into place. Amsterdam in the Netherlands is one prominent instance. The extensive and well-integrated sustainable mobility ecosystem of Amsterdam is well-known. The city has taken steps to promote cycling, effective public transportation, and the use of electric vehicles. In addition to reducing traffic congestion and air pollution, these initiatives have also raised inhabitants' overall quality of life.
Furthermore, significant investments in urban mobility technology and infrastructure have been made as a result of the European Union's commitment to lowering carbon emissions and encouraging sustainable transport options. For instance, a large number of projects improving sustainable urban mobility solutions are funded by the EU's Horizon 2020 program. To address urban difficulties, European cities continue to give priority to sustainable mobility solutions. Europe has established itself as a leader in the global Sustainable Urban Mobility industry due to its dedication to sustainability, together with its well-developed infrastructure and supportive regulations.

Global Sustainable Urban Mobility Market Key Players:

Some of the major competitors in the global Sustainable Urban Mobility market include Didi Chuxing Technology Co., Zipcar, Gett Inc., Ofo, Moovit, Citymapper, Transit, Bird Rides Inc., Lime, Mobike, Lyft Inc., and Uber Technologies Inc.

Sustainable Urban Mobility is competitive with aggressive market strategies of global and regional companies looking to strengthen their market position through new product launches and facility expansions. The following are some recent market developments:

• On September 15, 2020, Didi Chuxing declared its intention to achieve carbon neutrality by 2030. The corporation intends to do this by increasing its selection of sustainable mobility options and investing in electric and hybrid vehicles.
• On February 18, 2021, Lime launched LimePass, a subscription service that offers limitless free e-scooter rides for a set monthly charge. This program tries to persuade more people to take short urban journeys using environmentally friendly forms of transportation.
• On October 11, 2020, Uber introduced its "Green Mode" feature in India, enabling users to request electric vehicles (EVs) for their journeys. By encouraging the use of EVs for urban transportation, this action is consistent with Uber's dedication to sustainability.
• On June 17, 2020, Lyft declared that it would convert its entire fleet to electric cars (EVs) by that year. The business is committed to supporting sustainable urban transportation and lowering carbon emissions.
• On June 21, 2021, the bike-sharing platform Mobike launched its electric bike variant in the UK. With this addition to their fleet of electric bikes, they hope to provide riders with a practical and sustainable mode of transportation for quick urban trips.
• The car-sharing company Zipcar announced on May 26, 2020, that it will be expanding its selection of electric vehicles in the UK. The startup wants to give city dwellers more environmentally friendly transportation options while lowering carbon emissions.

Frequently asked questions about the global Sustainable Urban Mobility market

Q: What is the current size of the global Sustainable Urban Mobility market?
Ans: The Sustainable Urban Mobility market was valued at XX million US$ in 2022 and is projected to reach XX million US$ by 2030, at a CAGR of XX% during the forecast period.

Q: What are the major opportunities in the Sustainable Urban Mobility industry?
Ans: Increasing government investments in smart city initiatives and sustainable transportation infrastructure.

Q: What is the major growth driving factor for the Sustainable Urban Mobility industry?
Ans: An increase in urbanization and the need for effective, environmentally friendly transportation options to reduce traffic and pollution.

Q: Which region is expected to have the largest share of the Sustainable Urban Mobility market?
Ans: Europe region is expected to have the largest share of the Sustainable Urban Mobility market

Q: Which mode of transportation segment will dominate the Sustainable Urban Mobility market?
Ans: On the basis of mode of transportation, the shared mobility services category is anticipated to have a sizable market share in the Sustainable Urban Mobility market. Various modes of transportation, including ride-hailing, car-sharing, bike-sharing, and scooter-sharing, are included in shared mobility services.