Over half of the world’s population currently lives in cities and consultants Frost & Sullivan predict that a surge in urban growth in developing regions will ‘pose a variety of challenges and opportunities in the way people move around for social and business needs’.
The cities in developing economies will become the largest markets for existing mobility technologies while their developed counterparts will pressurise the personal mobility sector to reinvent itself into sustainable forms, F&S says.
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“It is to be noted that 10 of the 20 largest megacities will be in developing economies and the demand for personal mobility will be more pronounced in these countries as a result of their newly gained economic status. In developed economies, megacities will strive toward creating a sustainable environment by investing in innovative smart city concepts that foster green technologies and transport across all aspects of the city,” notes Frost & Sullivan Automotive & Transportation Group Industry Analyst, Mohamed Mubarak.
“As a result, there will be a strong and steady growth in demand for conventional vehicles in the developing economies whereas the cities of the developed economies will undergo a transformation, witnessing the trial of a series of personal mobility concepts ranging from bicycle hire programs to on demand personal mobility services on a larger scale. The vehicle ownership trends in these cities will see a higher adoption of electric vehicles (bikes & cars), city-centric cars and other forms of compact motorized vehicles not seen before.”
To provide unique insights into the effects of urban growth on personal and commercial mobility space, the Automotive & Transportation Group at Frost & Sullivan (http://www.transportation.frost.com/) announced that it will be hosting an online analyst briefing presentation on Thursday, 27 May, 2010 at 2:00 pm BST.
It said the briefing will benefit the personal & commercial mobility sector players, public & mass transit operators and manufacturers, suppliers, infrastructure providers, mobility service providers & operators, government associations involved in urban planning & transportation and other agencies in the space of urban mobility.
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By GlobalDataHighlights of the briefing include analyses of: spatial expansion of cities and the resultant change in mobility patterns, the introduction of new modes of commuting and the move towards eco-friendly transportation, integrated mobility and regulations impacting vehicular movement, as well as examples of smart city and their mobility concepts.
