Eight out of Eleven OEMs have Invested in Key Mobility Products and Services, finds Frost & Sullivan
Carsharing emerging as key mobility solution in Europe and one of the key topics to be discussed during "Urban Mobility 3.0" workshop on 19th/20th June in London
LONDON, May 8, 2013 /PRNewswire/ -- According to Frost & Sullivan, eight out of eleven major global original equipment manufacturers (OEMs) are focusing on the Global mobility market, investing in a range of key solutions including products like electric vehicles (EVs), micro-mobility, and services like carsharing and leasing. New mobility strategies of key global OEMs are gathering pace and the future of mobility is already here.
Latest analysis from Frost & Sullivan (http://www.automotive.frost.com), Competitive Benchmarking and Comparative Analysis of the Mobility Strategies of Key Global OEMs, offers an in-depth examination of micro-mobility, microcars, carsharing, integrated mobility and mobile applications to understand how mobility strategies and initiatives of top global OEMs are revolutionising the automotive industry.
Future Mobility Strategies of vehicle manufacturers and new mobility business models of emerging players will be extensively discussed during Frost & Sullivan's upcoming annual industry workshop 'Urban Mobility 3.0: New Urban Mobility Business Models', taking place at the House of Lords and the Siemens Crystal Building in London on 19 – 20 June 2013. Two panel discussions, entitled "Vehicle Manufacturers' Future Mobility Strategy" and "Mobility Integration and New Mobility Business Models of Emerging Players" are scheduled for Day 2 of the event.
"Key mainstream OEMs in the micro-mobility market have announced more than 111 models, of which nearly 50 per cent are expected to be production-ready by 2015–2016," notes Frost & Sullivan Automotive & Transportation Senior Research Analyst Shwetha Surender. "All key global OEMs are aggressive on the two-wheel micro-mobility market."
Five key passenger car OEMs are expected to invest approximately $40 million each to develop micro-mobility solutions. The market is expected to grow at an annual growth rate of 55 per cent by 2018.
In the microcar arena, nine key global OEMs are expected to launch 20 models in the market by 2020. Europe and China will be the key launch markets.
There has been a trend towards extending lease terms and postponing new purchases. Fleet renewals have also declined. To expand revenue streams and tap into a new customer base, the leasing arms of OEMs are diversifying to provide other mobility solutions like corporate carsharing, multi-modality, and mobility integration.
Carsharing is emerging as a key mobility solution in Europe. The concept is also gaining attention in three main markets of Asia-Pacific: Japan, Singapore and Australia.
"Five out of the eleven key global OEMs currently offer carsharing services or have started carsharing pilot programmes," stated Surender. "By 2020, the European market for carsharing is expected to reach $9 billion, with a subscriber base of 15 million in the EU and nearly 200,000 shared vehicles."
While most global OEMs are likely to enter the integrated mobility space by this time, it is unlikely that they will provide the entire service portfolio.
Meanwhile, OEMs are expected to continue to develop their strengths, which include more efficient means of transportation and innovative business models. In conjunction with other mobility providers and by linking with public and private transport providers, they are expected to expand their footprints in this space.
If you are interested in more information on Frost & Sullivan's latest research Competitive Benchmarking and Comparative Analysis of the Mobility Strategies of Key Global OEMs (M8AD), please send an e-mail to Katja Feick, Corporate Communications, at firstname.lastname@example.org, with your full contact details.
For more information on our upcoming workshop "Urban Mobility 3.0: New Urban Mobility Business Models", visit: www.urbanmobility.gilcommunity.com. A limited number of media passes are available. The brochure for the event can also be found on Slideshare: http://www.slideshare.net/FrostandSullivan/frost-sullivan-urban-mobility-30
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.
Our "Growth Partnership" supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.
- The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
- The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.
For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organisation prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?
SOURCE Frost & Sullivan
More by this Source
Browse our custom packages or build your own to meet your unique communications needs.
Learn about PR Newswire services
Request more information about PR Newswire products and services or call us at (888) 776-0942.