Business

5 Business Opportunities in the Shared Mobility Industry

The shared mobility industry is set to yield many business ideas by 2025. Shared mobility is increasingly popular. This is due to the push towards goods and services-based economy, rather than individual ownership. This comes as a result of consumption and capacity. Which is a result of a sharing economic trend, where networking and affordable living are prioritized. But what are the opportunities? We’ll explore 5 of them.

Ride Sharing

This refers to carpooling, vanpooling, and real-time or dynamic ridesharing. The premise is that a user can share a ride by adding passengers to an existing trip. Benefits of this method include discounted fees on parking permits, expenses, and tolls as well as access to shared parking spaces. The business opportunity here lies within investment into fleet services, to cater to the increased demand. 

Car Sharing

Car-sharing refers to the process where a user can gain access to a vehicle for a temporary period. This is usually is preceded by registration with a service that provides car-sharing facilities. Technological advances mean that access to on-the-spot car-sharing services has increased.  Benefits of this include increased mobility for users, a reduction in congestion, and profit for investors. This is within an industry that is expected to grow in the future. 

Bike Sharing

There are several ways to support bike-sharing. This includes peer-to-peer sharing, dock-based systems, and GPS-based systems. In recent years, public bike-sharing schemes have gained popularity. This is due to convenience and anti-theft technology. The Netherlands, France, and the UK have all implemented successful schemes of bike-sharing within their capital cities. Within transport hubs, the opportunity presents itself. This is due to the increased prominence of bike lanes and a larger pedestrian footfall. This increases the need for bike-sharing services.

Shared Freight Mobility

Within the supply chain, speed, flexibility, and efficiency are vital. A sharing-based economy has also transformed the supply process for goods. The expectation is now a more efficient process of storage and delivery. Shared warehouse spaces and shared cargo cycles are some of the ways in which this has already been implemented. Using a network of individuals to deliver products has several advantages. This includes but is not limited to, reducing transportation costs, reducing traffic congestion, and increasing efficiency within the supply chain. The collaboration of freight transport through technological advancements reduces distribution costs. Thus, increasing the opportunity for profit.

Park Share

This is by no means a new concept. Park sharing refers to car parks and communal parking spaces. These can be accessed by users through a shared allocation system. Park sharing positively impacts larger cities with issues such as traffic congestion. This also benefits the consumer by saving costs on parking fees. The premise works by registering free of charge and having real-time access to parking. Cities benefit from a reduction in congestion. This directly impacts air pollution and potential land use.

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