A rising number of regional and organizational commuter programs are using the term "smart commute" to describe modes of transportation that qualify for awards or contribute to sustainability goals. For instance, Westchester's Smart Commute program was created by the Westchester County Department of Public Works and Transportation to inform employers, building owners and managers, and their employees and tenants about various strategies to increase the use of transit and other alternatives to help reduce drive-alone commuting. Moreover, The Smart Commute Initiative was created to highlight Canada's efforts to minimize traffic congestion and greenhouse gas emissions. This was accomplished by encouraging commuters to use carpooling, public transportation, cycling, and telework – a strategy known as transportation demand management (TDM). Smart Commute's mandate included testing new approaches to encourage commuters to leave their cars at home and carefully monitor the results. Thus, the rising number of smart commute programs is driving the smart commute market growth.
North America Smart Commute Market Segmentation
The North America 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 a larger market share. Similarly, based on country, the market is segmented into the US, Canada, and Mexico. Further, the US contributed a substantial share in 2020.
BlaBlaCar, CommuteSmart, Enterprise Holdings Inc, Golden Concord Holdings Limited., Oakland Smart Commute, Smart Commute, and Uber Technologies Inc are among the leading companies operating in the North America smart commute market .
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 13,170.74 Million |
| Market Size by 2028 | US$ 33,380.90 Million |
| CAGR (2021 - 2028) | 14.2% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered |
North America
|
| Market leaders and key company profiles |
|
The North America Smart Commute Market is valued at US$ 13,170.74 Million in 2021, it is projected to reach US$ 33,380.90 Million by 2028.
As per our report North America Smart Commute Market, the market size is valued at US$ 13,170.74 Million in 2021, projecting it to reach US$ 33,380.90 Million by 2028. This translates to a CAGR of approximately 14.2% during the forecast period.
The North America 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 North America Smart Commute Market report:
The North America Smart Commute Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Smart Commute Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Smart Commute Market value chain can benefit from the information contained in a comprehensive market report.
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