Asia Pacific Smart Commute Market Forecast to 2028 – COVID

Asia Pacific Smart Commute Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Type (Carpooling, Van Pooling, Bike Pooling, Metro, and Others), Solution (Mobile Apps, Parking Management, Traffic Management, and Others), and End User (Personal and Enterprises)

Report Code : BMIRE00025579 | Region : Asia Pacific | Industry : Automotive and Transportation | Published Date : 10/Aug/2022

The smart commute market in Asia Pacific is expected to grow from US$ 10,061.15 million in 2021 to US$ 34,627.49 million by 2028; it is estimated to grow at a CAGR of 19.3% from 2021 to 2028

The major element driving the growth of the smart commute market is a rapid increase in the adoption of carpool and bike pool services among regular office commuters. Leading market players such as Uber and Ola offer convenient pick-up and drop-off services, thus attracting consumers to use ride-sharing services. Furthermore, services such as short-distance travel, intercity ride-sharing, bus-sharing, bike-sharing, and auto-sharing are available, stimulating the demand for smart commutes. Several major Indian corporations proactively push employees to use carpool and bike pool services. Organizations with large workforces, such as Infosys, Capgemini, Cognizant, HCL, Amazon, Flipkart, Siemens, L&T, Biocon, and HDFC Bank, and several smaller businesses, are launching awareness campaigns and digital platforms to help employees better plan their commutes. Several countries in Asia Pacific have established specific targets for reducing carbon footprints by 2030 as part of the Paris climate agreement. Further, in Delhi, India, the government implemented an odd-even strategy to control traffic density and reduce carbon emissions in the city. Moreover, carpooling and bike pooling services offer various advantages such as affordable pick-up and drop-off, co-passenger information, affordable rides, and greater convenience than traditional transportation services. Further, many service providers offer incentives and discounts, including a monthly pass on shared transport to help daily commuters save money. Hence, the rise in demand for carpool and bike pool services is propelling the smart commute market.

Asia Pacific Smart Commute Market Revenue and Forecast to 2028 (US$ Million)

Asia Pacific Smart Commute Market Segmentation

The Asia Pacific smart commute market is segmented into type, solution, end user, and country.Based on type, the market is segmented into carpooling, vanpooling, bike pooling, metro, and others. In 2020, the carpooling segment held the largest market share. Based on solution, the market is categorized into mobile apps, parking management, traffic management, and others. In 2020, the mobile apps segment held the largest market share. Based on end user, the market is bifurcated into personal and enterprises. In 2020, the enterprises segment held the largest share Asia Pacific smart commute market. Similarly, based on country, the market is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. Further, China contributed a substantial share in 2020.

BlaBlaCar, Enterprise Holdings Inc, ePoolers Technologies Pvt. Ltd., Golden Concord Holdings Limited., Quick Ride, Transhelp Technologies Pvt Ltd, and Uber Technologies Inc are among the leading companies operating in the Asia Pacific smart commute market.

At 19.3% CAGR, the Asia Pacific Smart Commute Market is speculated to be worth US$ 34,627.49 million by 2028, says The Insight Partners

According to The Insight Partners’ research, the Asia Pacific smart commute market was valued at US$ 10,061.15 million in 2021 and is expected to reach US$ 34,627.49 million by 2028, registering an annual growth rate of 19.3% from 2021 to 2028. The adoption of connected last mile commute with IoT and surge in demand for carpool and bike pool services are the critical factors attributed to the market expansion.

Internet of Things (IoT) devices can be used to make daily commutes more enjoyable. These technologies also help reduce overall transport costs while being environmentally beneficial. The best IoT option for the last-mile journey could be connected bicycles. Citizens have already begun to benefit from combined bike-sharing possibilities provided by market players. Users may keep track of bike availability, usage, and trip details. The only stumbling block for linked bike-sharing programs is integrating them into today's traffic. Governments must ensure that designated bike lanes exist to maintain a smooth traffic flow. In some areas, connected electric scooters are also available for rent. Some firms even offer complimentary helmets to electric scooter riders for a minimal shipping fee. By providing alternate commute options, these businesses contribute to a better future. Apps for taxi commuting are already widespread among today's youth. Rather than driving their car, many commuters use taxi services such as Uber and Lyft. This is a more cost-effective and environmentally responsible solution than single-user rides. These businesses have access to a wealth of data that may be monitored and studied to improve cab-sharing services. Unlike most public transit, they can function similarly to public transportation, but they can provide a comprehensive commute option. Mobycy, one of India's premier mobility start-ups, revolutionized short-mile connectivity by offering dockless bicycles in the country in December 2018. With the introduction of Zypp, the Green Tech start-up is turning a new leaf. Thus, the adoption of connected last-mile commute with IoT is anticipated to create significant growth opportunities in the smart commute market in the coming years.

On the contrary, dynamic pricing and accessibility concerns hurdles the growth of Asia Pacific smart commute market.

Based on type, the Asia Pacific smart commute market is segmented into carpooling, vanpooling, bike pooling, metro, and others. The carpooling segment held 40.9% market share in 2021, amassing US$ 4,118.02 million. It is projected to garner US$ 15,715.51 million by 2028 to expand at 21.1% CAGR during 2021–2

Based on solution, the Asia Pacific smart commute market is categorized into mobile apps, parking management, traffic management, and others. With 78.1% share the mobile apps segment dominated the market in 2021. It accrued US$ 7,858.49 million in 2021 and is estimated to generate US$ 27,949.46 million by 2028 to grow at a CAGR of 19.9% over the forecast period.

Based on end user, the Asia Pacific smart commute market is bifurcated into personal and enterprises. The enterprises segment held 64.7% market share in 2021, amassing US$ 6,504.78 million. It is projected to garner US$ 23,169.95 million by 2028 to expand at 19.9% CAGR during 2021–2028.

Based on country, the Asia Pacific smart commute market is fragmented into Australia, China, India, Japan, South Korea, and the rest of Asia Pacific. Our regional analysis states that China captured 40.5% market share in 2021. It was assessed at US$ 4,071.25 million in 2021 and is likely to hit US$ 14,425.81 million by 2028, exhibiting a CAGR of 19.8% during the forecast period.

Key players dominating the Asia Pacific smart commute market are BlaBlaCar, Enterprise Holdings Inc, ePoolers Technologies Pvt. Ltd., Golden Concord Holdings Limited., Quick Ride, Transhelp Technologies Pvt Ltd, and Uber Technologies Inc among others.

Tummoc, a multi-modal mobility firm, intends to expand operations to ten other cities by 2022, including Delhi and Mumbai.

TABLE OF CONTENTS

1. Introduction

1.1 Study Scope

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. APAC Smart Commute Market Landscape

4.1 Market Overview

4.2 PEST Analysis

4.2.1 APAC – PEST Analysis

4.3 Ecosystem Analysis

4.4 Expert Opinions

5. APAC Smart Commute Market – Key Market Dynamics

5.1 Market Drivers

5.1.1 Surge in Demand for Carpool and Bike Pool Services

5.1.2 Rising Smart Commute Programs

5.2 Market Restraints

5.2.1 Dynamic Pricing and Accessibility Concerns

5.3 Market Opportunities

5.3.1 Adoption of Connected Last Mile Commute with IoT

5.4 Future Trends

5.4.1 Increasing Trend of Mobility-as-a-Service

5.5 Impact Analysis of Drivers and Restraints

6. Smart Commute Market – APAC Analysis

6.1 APAC Smart Commute Market Overview

6.2 APAC Smart Commute Market –Revenue and Forecast to 2028 (US$ Million)

7. APAC Smart Commute Market Analysis – By Type

7.1 Overview

7.2 APAC Smart Commute Market Breakdown, By Type (2020 and 2028)

7.3 Carpooling

7.3.1 Overview

7.3.2 Carpooling: APAC Smart Commute Market Revenue and Forecast to 2028 (US$ Million)

7.4 Van Pooling

7.4.1 Overview

7.4.2 Van Pooling: APAC Smart Commute Market Revenue and Forecast to 2028 (US$ Million)

7.5 Bike Pooling

7.5.1 Overview

7.5.2 Bike Pooling: APAC Smart Commute Market Revenue and Forecast to 2028 (US$ Million)

7.6 Metro

7.6.1 Overview

7.6.2 Metro: APAC Smart Commute Market Revenue and Forecast to 2028 (US$ Million)

7.7 Others

7.7.1 Overview

7.7.2 Others: APAC Smart Commute Market Revenue and Forecast to 2028 (US$ Million)

8. APAC Smart Commute Market Analysis – By Solution

8.1 Overview

8.2 APAC Smart Commute Market Breakdown, By Solution (2020 and 2028)

8.3 Mobile Apps

8.3.1 Overview

8.3.2 Mobile Apps: APAC Smart Commute Market Revenue and Forecast to 2028 (US$ Million)

8.4 Parking Management

8.4.1 Overview

8.4.2 Parking Management: APAC Smart Commute Market – Revenue and Forecast to 2028 (US$ Million)

8.5 Traffic Management

8.5.1 Overview

8.5.2 Traffic Management: APAC Smart Commute Market – Revenue and Forecast to 2028 (US$ Million)

8.6 Others

8.6.1 Overview

8.6.2 Others: APAC Smart Commute Market Revenue and Forecast to 2028 (US$ Million)

9. APAC Smart Commute Market Analysis – By End User

9.1 Overview

9.2 APAC Smart Commute Market Breakdown, By End User (2020 and 2028)

9.3 Personal

9.3.1 Overview

9.3.2 Personal: APAC Smart Commute Market Revenue and Forecast to 2028 (US$ Million)

9.4 Enterprises

9.4.1 Overview

9.4.2 Enterprises: APAC Smart Commute Market – Revenue and Forecast to 2028 (US$ Million)

10. APAC Smart Commute Market – Country Analysis

10.1 Overview

10.1.1 APAC: Smart Commute Market- by Key Country

10.1.1.1 Australia: Smart Commute Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.1.1 Australia: Smart Commute Market- By Type

10.1.1.1.2 Australia: Smart Commute Market- By Solution

10.1.1.1.3 Australia: Smart Commute Market- By End User

10.1.1.2 China: Smart Commute Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.2.1 China: Smart Commute Market- By Type

10.1.1.2.2 China: Smart Commute Market- By Solution

10.1.1.2.3 China: Smart Commute Market- By End User

10.1.1.3 India: Smart Commute Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.3.1 India: Smart Commute Market- By Type

10.1.1.3.2 India: Smart Commute Market- By Solution

10.1.1.3.3 India: Smart Commute Market- By End User

10.1.1.4 Japan: Smart Commute Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.4.1 Japan: Smart Commute Market- By Type

10.1.1.4.2 Japan: Smart Commute Market- By Solution

10.1.1.4.3 Japan: Smart Commute Market- By End User

10.1.1.5 South Korea: Smart Commute Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.5.1 South Korea: Smart Commute Market- By Type

10.1.1.5.2 South Korea: Smart Commute Market- By Solution

10.1.1.5.3 South Korea: Smart Commute Market- By End User

10.1.1.6 Rest of APAC: Smart Commute Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.6.1 Rest of APAC: Smart Commute Market- By Type

10.1.1.6.2 Rest of APAC: Smart Commute Market- By Solution

10.1.1.6.3 Rest of APAC: Smart Commute Market- By End User

11. Industry Landscape

11.1 Overview

11.2 Market Initiative

12. Company Profiles

12.1 BlaBlaCar

12.1.1 Key Facts

12.1.2 Business Description

12.1.3 Products and Services

12.1.4 Financial Overview

12.1.5 SWOT Analysis

12.1.6 Key Developments

12.2 Enterprise Holdings Inc.

12.2.1 Key Facts

12.2.2 Business Description

12.2.3 Products and Services

12.2.4 Financial Overview

12.2.5 SWOT Analysis

12.2.6 Key Developments

12.3 ePoolers Technologies Pvt. Ltd.

12.3.1 Key Facts

12.3.2 Business Description

12.3.3 Products and Services

12.3.4 Financial Overview

12.3.5 SWOT Analysis

12.3.6 Key Developments

12.4 Golden Concord Holdings Limited.

12.4.1 Key Facts

12.4.2 Business Description

12.4.3 Products and Services

12.4.4 Financial Overview

12.4.5 SWOT Analysis

12.4.6 Key Developments

12.5 Quick Ride

12.5.1 Key Facts

12.5.2 Business Description

12.5.3 Products and Services

12.5.4 Financial Overview

12.5.5 SWOT Analysis

12.5.6 Key Developments

12.6 Transhelp Technologies Pvt Ltd

12.6.1 Key Facts

12.6.2 Business Description

12.6.3 Products and Services

12.6.4 Financial Overview

12.6.5 SWOT Analysis

12.6.6 Key Developments

12.7 Uber Technologies Inc.

12.7.1 Key Facts

12.7.2 Business Description

12.7.3 Products and Services

12.7.4 Financial Overview

12.7.5 SWOT Analysis

12.7.6 Key Developments

13. Appendix

13.1 About The Insight Partners

13.2 Word Index

LIST OF TABLES .

Table 1. APAC Smart Commute Market – Revenue and Forecast to 2028 (US$ Million)

Table 2. APAC Smart Commute Market, Revenue and Forecast to 2028 – By Country (US$ million)

Table 3. Australia: Smart Commute Market- By Type –Revenue and Forecast to 2028 (US$ Million)

Table 4. Australia: Smart Commute Market- By Solution –Revenue and Forecast to 2028 (US$ Million)

Table 5. Australia: Smart Commute Market- By End User –Revenue and Forecast to 2028 (US$ Million)

Table 6. China: Smart Commute Market- By Type –Revenue and Forecast to 2028 (US$ Million)

Table 7. China: Smart Commute Market- By Solution –Revenue and Forecast to 2028 (US$ Million)

Table 8. China: Smart Commute Market- By End User –Revenue and Forecast to 2028 (US$ Million)

Table 9. India: Smart Commute Market- By Type –Revenue and Forecast to 2028 (US$ Million)

Table 10. India: Smart Commute Market- By Solution –Revenue and Forecast to 2028 (US$ Million)

Table 11. India: Smart Commute Market- By End User –Revenue and Forecast to 2028 (US$ Million)

Table 12. Japan: Smart Commute Market- By Type –Revenue and Forecast to 2028 (US$ Million)

Table 13. Japan: Smart Commute Market- By Solution –Revenue and Forecast to 2028 (US$ Million)

Table 14. Japan: Smart Commute Market- By End User –Revenue and Forecast to 2028 (US$ Million)

Table 15. South Korea: Smart Commute Market- By Type –Revenue and Forecast to 2028 (US$ Million)

Table 16. South Korea: Smart Commute Market- By Solution –Revenue and Forecast to 2028 (US$ Million)

Table 17. South Korea: Smart Commute Market- By End User –Revenue and Forecast to 2028 (US$ Million)

Table 18. Rest of APAC: Smart Commute Market- By Type –Revenue and Forecast to 2028 (US$ Million)

Table 19. Rest of APAC: Smart Commute Market- By Solution –Revenue and Forecast to 2028 (US$ Million)

Table 20. Rest of APAC: Smart Commute Market- By End User –Revenue and Forecast to 2028 (US$ Million)

Table 21. List of Abbreviation

LIST OF FIGURES .

Figure 1. APAC Smart Commute Market Segmentation

Figure 2. APAC Smart Commute Market Segmentation – By Country

Figure 3. APAC Smart Commute Market Overview

Figure 4. Carpooling Segment Held the Largest Market Share in 2020

Figure 5. Mobile Apps Segment Held the Largest Market Share in 2020

Figure 6. End User Segment Held the Largest Market Share in 2020

Figure 7. China was the Largest Revenue Contributor in 2020

Figure 8. APAC – PEST Analysis

Figure 9. APAC Smart Commute Market– Ecosystem Analysis

Figure 10. Expert Opinions

Figure 11. APAC Smart Commute Market: Impact Analysis of Drivers and Restraints

Figure 12. APAC Smart Commute Market – Revenue and Forecast to 2028 (US$ Million)

Figure 13. APAC Smart Commute Market Breakdown, By Type (2020 and 2028)

Figure 14. Carpooling: APAC Smart Commute Market Revenue and Forecast to 2028 (US$ Million)

Figure 15. Van Pooling: APAC Smart Commute Market Revenue and Forecast to 2028 (US$ Million)

Figure 16. Bike Pooling: APAC Smart Commute Market Revenue and Forecast to 2028 (US$ Million)

Figure 17. Metro: APAC Smart Commute Market Revenue and Forecast to 2028 (US$ Million)

Figure 18. Others: APAC Smart Commute Market Revenue and Forecast to 2028 (US$ Million)

Figure 19. APAC Smart Commute Market Breakdown, By Solution (2020 and 2028)

Figure 20. Mobile Apps: APAC Smart Commute Market Revenue and Forecast to 2028 (US$ Million)

Figure 21. Parking Management: APAC Smart Commute Market – Revenue and Forecast to 2028 (US$ Million)

Figure 22. Traffic Management: APAC Smart Commute Market – Revenue and Forecast to 2028 (US$ Million)

Figure 23. Others: APAC Smart Commute Market Revenue and Forecast to 2028 (US$ Million)

Figure 24. APAC Smart Commute Market Breakdown, By End User (2020 and 2028)

Figure 25. Personal: APAC Smart Commute Market Revenue and Forecast to 2028 (US$ Million)

Figure 26. Enterprises: APAC Smart Commute Market – Revenue and Forecast to 2028 (US$ Million)

Figure 27. APAC: Smart Commute Market, by key Country– Revenue (2020) (US$ Million)

Figure 28. APAC: Smart Commute Market Revenue Share, By Key Country (2020 and 2028)

Figure 29. Australia: Smart Commute Market – Revenue and Forecast to 2028 (US$ Million)

Figure 30. China: Smart Commute Market – Revenue and Forecast to 2028 (US$ Million)

Figure 31. India: Smart Commute Market – Revenue and Forecast to 2028 (US$ Million)

Figure 32. Japan: Smart Commute Market – Revenue and Forecast to 2028 (US$ Million)

Figure 33. South Korea: Smart Commute Market – Revenue and Forecast to 2028 (US$ Million)

Figure 34. Rest of APAC: Smart Commute Market – Revenue and Forecast to 2028 (US$ Million)

The List of Companies - Asia Pacific Smart Commute Market

● BlaBlaCar

● Enterprise Holdings Inc

● ePoolers Technologies Pvt. Ltd.

● Golden Concord Holdings Limited.

● Quick Ride

● Transhelp Technologies Pvt Ltd

● Uber Technologies Inc

● Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Asia Pacific Smart Commute Market.

● Highlights key business priorities in order to assist companies to realign their business strategies

● The key findings and recommendations highlight crucial progressive industry trends in the Asia Pacific Smart Commute Market, thereby allowing players across the value chain to develop effective long-term strategies

● Develop/modify business expansion plans by using substantial growth offering developed and emerging markets

● Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the Smart Commute Market, as well as those hindering it

● Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

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