SHANGHAI, Nov. 27, 2014 /PRNewswire/ -- Through the promotion and development of public transport, car sharing, carpooling, bicycle sharing, green vehicles, and transport-related devices and mobile apps, China is laying the foundation for a mobility system that can accommodate its large population. With one hundred million rural workers projected to migrate to urban areas by 2020, a smart, seamless and sustainable (3S) transport system will be the priority. Besides urbanization, challenges such as traffic congestion, pollution, inadequate public transport, road safety and insufficient parking are pushing for improvements in the mobility system.
New analysis from Frost & Sullivan, Strategic Analysis of the Future of Mobility in China, finds that Beijing, Shenzhen, Tianjin, Hangzhou and Shanghai are expected to be the first movers in shaping 3S mobility. The evolution of cities will minimize regional and city differences, and mitigate the challenges related to mobility.
For complimentary access to more information on this research, please visit: http://corpcom.frost.com/forms/CHN_PR_JZheng_P7E4-18_26Nov14.
"Mobility is not only about moving from one point to another, but also about sustainable economic development," said Frost & Sullivan Automotive and Transportation Research Analyst Will Wong. "For instance, traffic congestion was estimated to have caused an economic loss of $48.80 billion in 2010; hence, a well-developed transport system is critical for a sustainable mobility system and economy."
The future of mobility in China can be determined by analyzing seven factors:
- City planning
- Public transport
- Road construction for connectivity between cities
- Government policy for low emissions
- Green vehicles
- Intelligent mobility, where mobile apps will be used for choosing the mode of transport
- Vehicle sharing
Electric vehicles, car sharing, and transport-related apps especially are likely to see enormous growth. Integrating public transportation with new mobility solutions such as bicycle sharing, will also be a key focus in cities of the future. Educating consumers about these mobility solutions will be crucial.
"Cities like Beijing and Shanghai have been restricting the purchase and usage of cars in order to improve traffic flow and mitigate air pollution," stated Wong. "With other cities expected to follow suit, OEMs need to take this into account in their market planning to keep up with the pace of development in China."
Strategic Analysis of the Future of Mobility in China is a Market Insight that is part of the Automotive & Transportation (http://www.automotive.frost.com) Growth Partnership Service program. The Insight defines the factors affecting and transforming the transportation system, points out challenges and their corresponding solutions, defines intercity transportation solutions, and analyzes how they connect cities. The study also provides insights into technology and new mobility solutions that will shape the future of the transportation system in China.
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Strategic Analysis of the Future of Mobility in China
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SOURCE Frost & Sullivan