We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.
  • ::COVID-19 COVERAGE::
  • INDUSTRY PRESS ROOM
  • ABOUT
  • CONTACT
  • MEDIA FILE
  • Create Account
  • Sign In
  • Sign Out
  • My Account
Free Newsletters
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
    • Mobile Apps
  • TRANSPORTATION
  • MATERIAL HANDLING
  • TECHNOLOGY
  • LIFT TRUCKS
  • PODCAST ETC
    • Podcast
    • Webcasts
    • Blogs
      • Analytics & Big Data
      • Best Practices
      • Change Me
      • Empowering Your Performance Edge
      • Logistics Problem Solving
      • One-Off Sound Off
      • Public Sector Logistics
      • Two Sides of the Logistics Coin
      • Submit your blog post
    • Events
    • White Papers
    • Industry Press Room
      • Upload Your News
    • New Products
      • Upload Your Product News
    • Conference Guides
    • Conference Reports
    • Newsletters
    • Mobile Apps
  • DCV-TV
    • DCV-TV 1: News
    • DCV-TV 2: Case Studies
    • DCV-TV 3: Webcasts
    • DCV-TV 4: Viewer Contributed
    • DCV-TV 5: Solution Profiles
    • MODEX 2020
    • Upload Your Video
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
    • Mobile Apps
  • TRANSPORTATION
  • MATERIAL HANDLING
  • TECHNOLOGY
  • LIFT TRUCKS
  • PODCAST ETC
    • Podcast
    • Webcasts
    • Blogs
      • Analytics & Big Data
      • Best Practices
      • Change Me
      • Empowering Your Performance Edge
      • Logistics Problem Solving
      • One-Off Sound Off
      • Public Sector Logistics
      • Two Sides of the Logistics Coin
      • Submit your blog post
    • Events
    • White Papers
    • Industry Press Room
      • Upload Your News
    • New Products
      • Upload Your Product News
    • Conference Guides
    • Conference Reports
    • Newsletters
    • Mobile Apps
  • DCV-TV
    • DCV-TV 1: News
    • DCV-TV 2: Case Studies
    • DCV-TV 3: Webcasts
    • DCV-TV 4: Viewer Contributed
    • DCV-TV 5: Solution Profiles
    • MODEX 2020
    • Upload Your Video
Home » Report: rise of car-sharing will roil automotive industry
newsworthy

Report: rise of car-sharing will roil automotive industry

August 8, 2019
DC Velocity Staff
No Comments

New business models aim to replace conventional car ownership with a combination of ride-hailing and vehicle-sharing accessed through mobile apps, according to a recent transportation industry report.

That vision may sound far-fetched, but it is already gaining serious traction, as shown by the combined market valuation of $166 billion for the world's top four ride-hailing companies-America's Uber Technologies Inc. and Lyft Inc., China's Didi Chuxing Technology Co., and Singapore-based Grab Holdings Inc.—according to Lux Research, a Boston-based research and advisory firm.

The rise of those transportation network companies is now threatening to disrupt the multi-trillion-dollar automotive industry, thanks to the success of trends like self-driving cars, zero-emission vehicles, connectivity, and innovative materials, Lux said in its report, "Sharing is Scaring: New Business Models Disrupting Mobility."

"Our reliance on owning a car has created one of the largest industries in the world. Today, however, our relationship with the automobile is changing as new business models aim to replace conventional car ownership with a combination of ride-hailing and vehicle-sharing accessed through mobile apps - a trend we call shared mobility," Chris Robinson, senior analyst and lead author of the report, said in a release.

As that "shared mobility" sector matures, two changes are affecting the players in the sector, he said. Shared mobility companies are pursuing integration of multiple transportation modes, such as bikes and scooters, into single platforms. And the industry's growth is attracting new competitors, including automakers, transportation network companies, and tech companies.

In the next stage of evolution, shared mobility providers will shift from startup mode into a search for profitability, driven by the rise of autonomous vehicles and by the integration of public transport into shared mobility platforms. "Despite the disruptive promises of shared mobility, no companies have been able to maintain profitability," Robinson said. "Autonomous vehicles promise to drastically alter the financials of ride-hailing."

The rise of shared mobility services like @Uber & @Lyft is threatening to disrupt a multitrillion-dollar industry. Self-driving cars, zero-emission vehicles, & connectivity are defining the future of mobility. | Find out more: https://t.co/QHxXqul0YP #LuxTake #technews #news pic.twitter.com/LtarbC9pY9

— Lux Research Inc. (@LuxResearch) August 8, 2019
Transportation Technology Last Mile Robotics
KEYWORDS Lux Research Uber
  • Related Articles

    Report: logistics sector will rise to second place in use of collaborative robots by 2023

    Mergers and acquisitions to continue to roil 3PL industry, top executives say in survey

    Report: pandemic will force rapid adoption of wearable computers, robotics

Recent Articles by DC Velocity Staff

Report: Supply chains prepared to meet demand growth

Private equity firm combines Peak-Ryzex and Optical Phusion in double acquisition

Nuvocargo raises $12 million in funding round

You must login or register in order to post a comment.

Report Abusive Comment

Most Popular Articles

  • A look into the future of robotics

  • Exotec Skypod System Adopted by Gap Inc. to Optimize Returns Process

  • Roadrunner Freight bolsters LTL capabilities with $50 million in new backing

  • A primer on warehouse robots

  • Truck driver availability tightens to three-year low, ACT says

Now Playing on DCV-TV

B56eecf1 4687 42a4 865e c3f3223925f7

How serious are you about controlling your freight costs?

DCV-TV 4: Viewer Contributed
If you’ve been feeling like your freight budget is under attack, you’re in good company! Whether you’re looking at the ocean, parcel, LTL, truckload, or air markets, capacity is tight and prices are soaring.RELATED RESOURCES:Rapid AssessmentVisit our websiteSubscribe to our YouTube Channel

FEATURED WHITE PAPERS

  • Special Report: Supply Chain Trends in Retail & Consumer Goods

  • Fortify Your Operational Resilience

  • Cold Storage Automation: Leveraging Advanced Technologies to Meet Increasing Demand

  • The modern warehouse: Maximizing productivity and capacity

View More

Subscribe to DC Velocity Magazine

GET YOUR FREE SUBSCRIPTION
  • SUBSCRIBE
  • NEWSLETTERS
  • ADVERTISING
  • CUSTOMER CARE
  • CONTACT
  • ABOUT
  • STAFF
  • PRIVACY POLICY

Copyright ©2021. All Rights ReservedDesign, CMS, Hosting & Web Development :: ePublishing