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The shared mobility industry will reach approximately 400 million by 2030

The shared mobility industry will reach approximately 400 million by 2030

A study conducted by Oliver Wyman with Boltt revealed data on shared mobility, namely that 7% of all urban trips will be shared mobility by 2030 and that the market value of this industry will reach $401 billion (367.3 million euros).

A study conducted by Oliver Wyman with Boltt revealed data on shared mobility, namely that 7% of all urban trips will be shared mobility by 2030 and that the market value of this industry will reach $401 billion (367.3 million euros).

“Shared mobility, which includes services such as ride-hailing (TVDE), scooter and e-bike rentals and car-sharing, will account for 7% of all trips in urban transport worldwide by 2030 (compared to the current 3%), bringing the total market size To $401 billion,” according to the new report issued by global management consulting firm Oliver Wyman.

‘The Global Impact of Shared Mobility’ is the consultancy’s first investigation of its kind and highlights the current and potential global economic, social and environmental impact of this evolving sector, supported by data available for the first time by Europe’s largest operator, Bolt.

The study highlights their growing impact on city economies, with 16 million income opportunities maintained by 2030, mostly in passenger transport services, where drivers typically earn well above the minimum wage in European cities (+37% in Berlin and +91% in Tallinn) and salaries are much higher for similar jobs in Africa (up to +130% in South Africa and Nigeria), reveals Oliver Wyman.

The study also highlights “the sector’s role in providing accessible and affordable transport in the context of the current cost of living crisis, as new data reveals significant cost savings for car owners who travel less than 15,000 kilometers per year, a figure of increasing importance.” . Taking into account that the average European car currently covers only 11,000 kilometers per year, that is, 1,700 kilometers less than 10 years ago.

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According to the same source, “The sector can also play an important role in solving the environmental challenges facing cities.”

Bolt scooter usage patterns show that 10% of their trips replace trips by car directly, the study reveals, which adds that this creates “a positive effect that remains, even when considering the replacement of emission-free modes, such as riding on foot and by bicycle;” In contrast, the operators’ vehicles demonstrate the potential of a collaborative multimodal approach between platforms and municipalities, with the example of reducing the use of private cars by up to 20% in Berlin.

“The shared mobility sector has grown and has been used by millions of people over the past decade,” Markus Villig, founder and CEO of Boltt, said in the statement.

“During this time, we have seen shared mobility being integrated into broader urban transport systems, making it easier for people to get around and contributing to reducing transport emissions in cities,” he adds.

“What is exciting about this report is to see how the impact can be even greater as the sector grows, and Boltt is committed to working closely with cities to ensure Boltt services continue to benefit their residents and citizens in the long term,” reveals Felig.

“The mobility sector has changed radically in recent years, and in addition to cars, there are now a range of different modes of transport available to everyone,” says Andreas Nienhaus, partner and director of the Mobility Forum at Oliver Wyman, who led the study. “People people.”

“Cars will still be a necessity for some, depending on where they live or where they work, but what this report shows is that combining the strengths of different players and creating a true multi-modal offering can bring significant benefits to many, especially those who live in cities.” “, says the advisor’s analysis.

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Currently, the Bolt TVDE service already covers almost the entire national territory. When it comes to micromobility — scooters and electric bikes — they’re already in 17 cities nationwide.

Bolt Food is currently available in Greater Lisbon, Porto, Braga and Coimbra, and Bolt Market, a grocery delivery service in minutes, is also available in Lisbon.