Global Demand-responsive Transport Market: Frost Radar Report, 2022

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Rapid urbanization in major cities around the world, bringing with it a growing number of nuclear families and single-person households, is increasing pressure on transport infrastructure. More flexible lifestyles and work schedules are causing mobility patterns to shift and new forms of mobility to emerge. Demand-responsive transport (DRT) would make a transport network more flexible and sustainable, solving numerous problems. DRT is gaining traction among businesses, governments, and consumers, and increased interest from transport operators.

Cities want their transportation networks to be more technology-enabled and efficient and seek to make the infrastructure building blocks more connected and intelligent. DRT can become a control center and a decision-making tool for municipal authorities as they analyze data, create simulation models, and implement solutions that bring about a rapid change in how people travel.

DRT is in the growth phase, and exponential growth will be propelled by evolving mobility needs, a focus on sustainability, and public-private partnerships. Some DRT operators are looking at combining people and goods delivery to be more profitable. The analyst anticipates that DRT providers will generate more than $43 billion in revenue globally by 2030. Market consolidation is already happening. As the DRT market matures, new players will enter emerging markets and further consolidation is a possibility.

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