|
|
 |
|
Viewing report
|
|
|
|
Impact of Urbanization and Development of Megacities on Mobility and Vehicle Technology Planning
Frost & Sullivan, Nov 2010, Pages: 263
Rise of Megacities Creates Pressing Need for New Mobility Solutions
Frost & Sullivan believes that about 4.5 billion people globally will be living in cities by 2025. This represents about 60 per cent of the world’s total population. A burgeoning urban population will lead to the rapid expansion of city borders into neighbouring suburbs, resulting in the formation of Megacities. There will be about 30 Megacities with a total population exceeding 10 million by 2025. Currently, there are 22 such Megacities. Just over half the world’s population will be living in Megacities located in emerging economies. In the top 20 megacities identified by Frost & Sullivan, megacities from emerging economies will witness a CAGR of 4.42% in GDP (PPP) compared to 1.63% CAGR of their counterparts in developed economies. Over 110 cities globally will be SMART cities in 2020. China and India will need 50 new cities to accommodate spiralling economic and population growth.
“Megacities and mega regions are developing as a result of uncontrolled urban sprawl; cities are expanding their boundaries by merging two or more closely located suburban towns and cities,” remarks the analyst. “This is creating demand for new personal mobility concepts.” By 2025, about 650 million people will be living in the top 49 cities identified by Frost & Sullivan. Half of these will be living in the top 20 megacities. Indian and Chinese megacities will witness rapid growth with an average population CAGR of above 0.9 per cent and GDP CAGR of above 6 per cent. “This rapid growth will lead to the dynamic expansion of city borders into neighbouring suburbs, resulting in more aggressive urban sprawl,” states the analyst. “This will generate challenges in terms of providing access to public transportation to suburbs and outer regions.”
Holistic Approach Necessary to Effectively Meet Challenges of Expanding the Transportation Network
The biggest challenge will pertain to the transportation network. High population density in cities has led to congestion. Unprecedented urban sprawl has resulted in poor access to public transportation in suburban areas. “Overcrowding, congestion and socio-economic issues such as ecological overload, unregulated property markets and insufficient housing development are common,” explains the analyst. “In some cases, the result of rampant urban development has been extreme poverty.”
Among the Megacities will be 10 cities from the developing economies. This global urbanisation is triggering inevitable shifts in customer base and market needs. “The radical shift in priorities will require holistic solutions,” advises the analyst. “Urbanisation and the development to megacities will undoubtedly provide opportunities for companies that offer optimal transportation solutions.”
This Frost & Sullivan research service titled Impact of Urbanization and Development of Megacities on Mobility and Vehicle Technology Planning provides service roadmaps, strategies and business model overview. In this research, Frost & Sullivan's expert analysts thoroughly examine the following: vehicle design, technology planning, personal mobility, car/bike/bus sharing and mobility integrators.
Product samples
A sample for this product is available. Please Login/Register to download this sample.
|
|
|
|
