Why Micromobility Will be a Key Component of Future
As per a finding by Nacto.org, there was about 57,000 station-based bike share in the U.S. in 2018, up by 9% in 2017.
What does the stat portend?
It implies that when it comes to commuting, riders prefer time over high-end facilities. A taxi is deemed comfortable vehicle to share a ride. However, more the size of the mobility service, more is the time taken, and lesser is the riders’ satisfaction rate.
This fact, by no intent, means that micromobility is the disruption to the online taxi booking services. Micromobility, in turn, holds the potential to pave the advancement of on-demand ride-hailing services.
Congestion within the cities and urban areas is one of the pivotal aspect contributing to the growth of the micro-mobility. Besides this, these solutions are relatively affordable than taxi services. As a result, micro-mobility has a better shot at garnering riders’ attention in the future, as the on-demand economy has already been well established.
How can Micromobility Go Mainstream?
It is a known fact that individuals hailing from developed countries tend to use cars even for making short trips to the pharmacy or a nearby grocery store. On the contrary, developing and underdeveloped countries have a high dependency on two-wheelers, owing to their affordability.
As a result, the concept of micro-mobility can be further explored and executed in the developed countries by diverting the focus towards the green products, i.e. electric bikes and electric cars.
On the other hand, petrol-operated two-wheeler vehicles are quite popular in developing countries and underdeveloped countries. However, the rising prices of fuel is a grave issue for individuals. As a result, knowledge regarding the affordability of micro-mobility vehicles can be disseminated to increase the user base.
Why Micromobility Will Flourish in the Future?
There are multiple aspects that hold favourable growth instances for micro-mobility. From commercial aspects to personal aspects, the concept has numerous benefits and manifold uses.
Below are some of the crucial areas where micro-mobility will hold high prominence:
First/Last-mile Operations
During the COVID-19 crisis, eCommerce businesses have managed to capture a substantial market share, as customers are inclined towards making an online purchase of the essential items. In a way, the online channels were and are going to be crowded.
Amidst the increase in online shopping, the competition to cater to customers with a zoomed-in focus on time implies that eCommerce giants are willing to look at better roadways and skyways (drones) to cut the rush. As a result, first and last-mile operations are going to rely on micro-mobility, given their speed and affordability.
Time Will Indeed be Money
COVID-19 led to the imposition of social distancing and lockdown at a global level. As a result, most of the organizations are observing work from home facilities. Since telecommute has been working well with some of the companies, it is likely that the work from home may turn into a norm.
In such a case, since commuting has come to a halt, individuals who are thinking to invest in a vehicle may delay it or cancel it. And, the bike-ride sharing companies are taking utmost advantage out of this opportunity by pushing their services.
It is obvious that for a short trip, bike-sharing would be less tedious and more preferable as compared to the wait times of an on-demand taxi.
Tackling the Challenges of Congestion
Among others, congestion of traffic is one of the crucial challenges that a city faces. To tackle this challenge, numerous governments across the world are coming forward to devise practical solutions.
In addition to this, the urban sprawl is increasing at an exponential rate. This implies that the congestion issue is going to be severe in the future, if not taken care of. As a result, the ride-sharing concept with micro-mobility can reduce the busy roads.
A Potent Solution to Pollution and Global Warming
By 2030, numerous governments across the world have pledged to electrify their transportation systems. Here, the concept of electrification does not only restrict to the public ones but also the private ones.
As a result, the non-renewable fuel-based vehicles may only have a short life before they are electrified to safeguard the normal conditions of the environment. On similar lines, the shift that we may be looking at would be in the form of the shared economy using micro-mobile vehicles.
High-quality of Micro-mobile Vehicles
If we go back by just five years, we would see that e-scooters or e-bikes weren’t that compatible with daily usage. One of the reasons was the constant need to charge it and the low speed.
However, as the demand for these vehicles started to show an uptick, manufacturing companies began to invest in the quality of their offerings. Today, it has improved quite a lot, and the improvement will follow suit in the future. Since affordability is an attractive feature that these vehicles offer, individuals will show an inclination towards this new-age transportation mode.
Flourishing On-demand Economy
The concept of on-demand ride-hailing service is not a new one. It has been tried, tested, and executed successfully across the world. It wouldn’t be an exaggeration to say that the on-demand economy has become a need for the riders.
As a result, numerous software development companies with dedicated experts are coming to the forth to help companies devise a practical web and mobile app. On the other hand, some of the individuals are striving to run an online ride-booking business by seeking assistance from taxi booking app builder.
In addition, there are many options available for outsourcing dedicated software development teams to develop custom micro-mobility ride-hailing application. On similar lines, companies are diving into the business model, and micro-mobility is going to be the next big thing for businessmen as well as riders.
Key Takeaway
Rather than saying that micro-mobility will be a key component of the future, we can say that it holds great business opportunities. The rider-pool can be easily acquired by highlighting the time-efficient and cost-efficient features. Besides this, government initiatives are likely to provide the required momentum for the prosperity of micro-mobility.
All-in-all, if micro-mobility is the future, companies need to brace themselves and their offerings by availing the technological solutions today!
