Juniper Research expects these savings will be achieved by Mobility-as-a-Service’s (MaaS) ability to reduce congestion by displacing private vehicle usage with public transport over MaaS platforms.
MaaS platforms provide consumer urban transport solutions, such as ride hailing, bus and metro, integrated into a single platform, according to Juniper Research.
Increase in private vehicle fuel costs driving growth
The research predicts consumers will turn to MaaS as fuel costs increase globally. Juniper Research’s Urban Mobility Survey found that 41% of respondents ranked the cost of transport as being the most important factor when it comes to transportation.
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Juniper Research pointed out that MaaS brings convenience to consumers by offering transportation with planning, purchasing and ticketing combined in a single app.
Furthermore, the report predicts that CO2 reduction from private cars displaced is also fuelling the growth of MaaS.
“MaaS has the ability to improve corporate social responsibility, as a result, MaaS vendors must appeal to companies by demonstrating how MaaS can significantly reduce their carbon emissions from travel,” remarked Juniper Research author Cara Malone.
Micromobility set for strong growth
The research expects that the distance travelled via micromobility, a form of transportation using lightweight vehicles such as bicycles and scooters, is set to grow 780% globally between 2022 and 2027.
Micromobility enables users to traverse through highly congested cities for the first and last mile of their journey. The growth will be driven by the increased deployment of micromobility infrastructure, including docking stations, bicycles, and scooters.
This first appeared in the subscription newsletter CommsWire on 6 October 2022.