Growth Opportunities in Demand Responsive Transport
Public-private Partnerships, Government Push, and Digital Innovation Drive $23 Billion Revenue Potential by 2030
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
- Strategic Imperatives
- 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
- Growth Opportunity Analysis
- 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
- Gross Market Value
- Vehicles in Operation
- Gross Market Value by Type
- Table DRT Market: GMV by Type, Global, 2022-2030
- Vehicles in Operation by Segment
- Table DRT Market: VIO by Segment, Global, 2022-2030
- Gross Market Value by Region
- Table DRT Market: GMV by Region, Global, 2022-2030
- Vehicles in Operation by Region
- Table DRT Market: VIO by Region, Global, 2022-2030
- 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
- Market Trends
- 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 Opportunity Analysis- North America
- Growth Metrics
- Gross Market Value, North America
- Gross Market Value by Type, North America
- Table DRT Market: GMV, North America, 2022-2030
- Vehicles in Operation, North America
- Vehicles in Operation by Segment, North America
- Table DRT Market: VIO Size, North America, 2022-2030
- Forecast Analysis
- Competitive Benchmarking-DRT Programs
- DRT Market Readiness
- RideCo-Company Overview
- The Routing Company-Company Overview
- Growth Opportunity Analysis-Europe
- Growth Metrics
- Gross Market Value, Europe
- Vehicles in Operation, Europe
- Gross Market Value by Type, Europe
- Table DRT Market: GMV, Europe, 2022-2030
- Vehicles in Operation by Segment, Europe
- Table DRT Market: VIO Size, Europe, 2022-2030
- Forecast Analysis
- Competitive Benchmarking-DRT Programs
- DRT Market Readiness, Europe
- Nemi-Company Overview
- Padam Mobility-Company Overview
- Zeelo-Company Overview
- MOIA-Company Overview
- Growth Opportunity Analysis-APAC
- Growth Metrics
- Gross Market Value, APAC
- Vehicles in Operation, APAC
- Gross Market Value by Type, APAC
- Table DRT Market: GMV, APAC, 2022-2030
- Vehicles in Operation by Segment, APAC
- Table DRT Market: VIO Size, APAC, 2022-2030
- Forecast Analysis
- Competitive Benchmarking-DRT Programs
- DRT Market Readiness, APAC
- SWAT Mobility-Company Overview
- Mirai Share-Company Overview
- Growth Opportunity Analysis-Africa
- Growth Metrics
- Gross Market Value, Africa
- Vehicles in Operation, Africa
- Gross Market Value by Type, Africa
- Table DRT Market: GMV, Africa, 2022-2030
- Vehicles in Operation by Segment, Africa
- Table DRT Market: VIO Size, Africa, 2022-2030
- Forecast Analysis
- Competitive Benchmarking-DRT Programs
- DRT Market Readiness, Africa
- SWVL-Company Overview
- Growth Opportunity Analysis- RoW (LATAM and Middle East)
- Growth Metrics
- Gross Market Value, RoW
- Vehicles in Operation, RoW
- Gross Market Value by Type, RoW
- Table DRT Market: GMV, RoW, 2022-2030
- Vehicles in Operation by Segment, RoW
- Table DRT Market: VIO Size, RoW, 2022-2030
- Forecast Analysis
- Competitive Benchmarking-DRT Programs
- DRT Market Readiness, RoW
- Growth Opportunity Universe
- Growth Opportunity 1-Business Model Diversification and Big Data Technologies
- Growth Opportunity 2-Investment in Digital Infrastructure
- Growth Opportunity 3-Technology Convergence and Stakeholder Collaboration
- Next Steps
- Your Next Steps
- Why Frost, Why Now?
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