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 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.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 10,061.15 Million |
| Market Size by 2028 | US$ 34,627.49 Million |
| CAGR (2021 - 2028) | 19.3% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered |
Asia-Pacific
|
| Market leaders and key company profiles |
|
The Asia Pacific Smart Commute Market is valued at US$ 10,061.15 Million in 2021, it is projected to reach US$ 34,627.49 Million by 2028.
As per our report Asia Pacific Smart Commute Market, the market size is valued at US$ 10,061.15 Million in 2021, projecting it to reach US$ 34,627.49 Million by 2028. This translates to a CAGR of approximately 19.3% during the forecast period.
The Asia Pacific Smart Commute Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Smart Commute Market report:
The Asia Pacific Smart Commute Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Asia Pacific Smart Commute Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Asia Pacific Smart Commute Market value chain can benefit from the information contained in a comprehensive market report.
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