A latest report from Absolute Markets Insights covers insights into the global Pod Taxi market. This comprehensive report offers insights into the market, models and drivers of business growth. Also includes Pod Taxi market share, sales volume and education charts. Research analysts have combined important and additional information, such as commitments from market leaders, into a well-crafted report. This report is an essential insight into strategies and information and is primarily aimed at business leaders. The main objective of this Pod Taxi report is to provide industry knowledge and help our clients achieve natural growth in their respective fields. The Pod Taxi report also shows a new uptrend that includes market conditions and market forecast 2022-2030.
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Some of the major players operating in the global Pod Taxi market include: Fairwood Group, Metrino-PRT, skyTran, Vectus Ltd. and www.2getthere.eu.amongst others.
In terms of revenue, global pod taxi market was valued at US$ US$ 8.01 Bn in 2022 and is anticipated to grow at a CAGR of 18.30 % over the forecast period (2022 – 2030).
The competitive landscape of the market study contains a broader analysis of the regions including North America, Europe, Asia-Pacific, Middle East and Africa, Latin America, which are expected to capture the essence of the market in its broadest category. The list encompasses significant players who manage the sector based on the system’s overall production capabilities, environmental contributions, appropriate channels, and territorial proximity through a system of primary and secondary research methodologies followed by an in-house analytical model. Furthermore, the generated income and a generalized market share for the market is presented with the help of graphs, charts and tables.
Furthermore, the report also contains important collaborations, mergers and acquisitions, key market trends and business policies are evaluated. The study contains primary and secondary information pertaining to the Pod Taxi Market in terms of its global status, market size, growth forecasts, trends, segments, and a detailed forecast.
Key insights from the report:
- The report provides key statistics on the market status of Pod Taxi Manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
- The report provides a basic overview of the industry, including its definition, applications and manufacturing technology.
- The report features the company profile, product specifications, capacity, production value and market share 2022-2030 for the top vendors.
- The total market is further divided by company, by country and by application/type for the analysis of the competitive landscape.
- The report then estimates the 2022-2030 market development trends of the P2P Loans industry.
- Analysis of upstream raw materials, downstream demand and current market dynamics is also performed.
- The report makes some important proposals for a new project of Pod Taxi Market before evaluating its feasibility.
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Covid-19 cumulative impact:
This study presents insights into COVID-19 on consumer behavior and changes in demand, purchasing patterns, supply chain reorganization, dynamics of market forces, and substantial government involvement. The new research provides insights, analysis, estimates and predictions in light of the effect of COVID-19 on markets. The Pod Taxi Market report provides a solid observation on the prominent players in terms of strategic analysis, micro and macro market trends and opportunities, pricing trends, and a generalized overview of the market. The Pod Taxi Market is a detailed study packed with primary and secondary market factors, market share, leading segments and a proper geographic analysis.
Key questions answered in this report:
- What will the market size and growth rate be in 2030?
- What are the key drivers of the global market?
- What are the key market trends impacting the growth of the global market?
- What are the market growth challenges?
- Who are the key vendors in the global market?
- What are the global market opportunities and challenges for sellers?
- What are the key findings of the global five-point analysis of the Pod Taxi market?
Pod taxi, also known as personal rapid transit (PRT), is a public transport system developed for traveling swiftly in congested areas. These cars operate much like the traditional rail and streetcar network and are built above busy roads and highways. Pod cars are automated driverless vehicles and can carry up to six people at a time. Pod car is a revolutionary transport concept which is environment-friendly possessing the ability to be fuelled by solar power and other renewal power sources, thereby aiding in limiting the adversities concerning pollution in densely populated areas. The Ultra pod system, for instance, helps in the reduction of carbon emissions by about 50%, as compared to fossil fuel-powered buses. Factors such as environment sustainability and reduction in congestion are propelling the growth of the global pod taxi market. The countries globally are heading towards high-end technology, and a few countries have also initiated the deployment of pod taxi system. Morgantown in West Virginia has a sprawling network of PRT and gained popularity since 1975.
Masdar City of UAE has also established the same in 2010. An ultra-PRT has been set up at London Heathrow Airport as well. The PRT runs at a maximum speed of 45 kmph. Recently, several PRT stations have been made operational in Suncheon city of South Korea for a 40-vehicle system. The success rate of PRT is quite high in these cities. Government authorities in developing countries are also investing profusely towards the construction of sustainable alternative form of public transportation network. In the Indian city of Gurugram, for instance, the current public transportation system is unable to meet the entire needs of the travellers, which is worsening the concerns pertaining to crowd and traffic congestion during peak hours. The National Highway Authority of India (NHAI) have invested towards the establishment of Delhi-Gurugaon Pod Taxi corridor, to be carried out as a public private partnership project. According the initial project plan laid out by the authority, about 800 to 1100 pod taxis/PRT care are anticipated to be floated in the initial years. The pod taxi system in Gurgaon is expected to cost the government around US$ 540 Mn, and will be built on Automated People Mover (APM) standards. With the introduction of pod taxis in the developing and developed countries in the world, and the growing focus on intelligent transport systems by government bodies, the global pod taxi market is expected to be a lucrative investment option in the coming years.
Accidents as a result of traffic congestion have been a major concern in urban cities. In India’s capital city of New Delhi, for instance, over 570 individuals lost their lives in two-wheeler related accidents in 2018. Metro systems are being increasingly developed in developing cities. However, the concerns regarding the higher cost of infrastructure, coupled with the added convenience of transportation on-demand by PRT is expected to provide the latter an edge over the metro systems. Furthermore, the PRT systems are being designed to run on renewable sources of energy, which helps in reducing the carbon footprint. Pod taxis are built with features such as vehicle arrival audio and video visual warning system, surveillance using CCTV, audio communication, platform sloping to prevent injuries, evacuation of misaligned vehicles, amongst others.
With the government bodies mulling over various pod taxi projects, private entities are forming partnerships for the development of PRTs. India’s conglomerate Reliance, for instance, is partnering with SkyTran for the development of pod taxis in various locations in India. Once the trial runs are completed, Reliance is expected to get into agreements with government bodies both at the State and Central level. The prototype is expected to boost the Government of India’s, Make in India initiate, as majority of the parts are to be developed in India. Therefore, the partnerships by private companies, with the involvement of the government bodies, are expected to boost the growth of the global pod taxi market during the forecast years.
The recent outbreak of coronavirus pandemic has affected countries across continents. Government bodies in the affected countries have imposed nationwide lockdown to inhibit the spread of this infectious disease. Pod taxis are expected to provide an effective medium for transport while ensuring compliance with social distancing norms. The automated taxi aids in recording the details of the passengers, which will eventually help to trace down passengers. The COVID-19 pandemic has created a sense of health awareness among people which is anticipated to prevail even in the post-COVID-19 phase. This along with sustained demand for fast and secure travel amongst individuals will influence the growth of pod taxi market. Thus, the coronavirus pandemic is anticipated to have a positive impact on the global pod taxi market.
Global Pod Taxi Market Segmentation:
Global Pod Taxi Market By Application (City Centers, Airports, Business & Industrial Parks, University Campus, Shopping Centers, Theme Parks & Resorts, Large Hospitals Areas, Others); By Region (North America, Europe, Asia Pacific, Middle East & Africa, Latin America) – Global Insights, Growth, Size, Comparative Analysis, Trends And Forecast, 2022 – 2030
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