Press Release Description
Shared Mobility to Emerge as a Preferred Choice Among the Growing Urban Population in the Netherlands
The Netherlands Shared Mobility Market is projected to grow at a CAGR of around 2.32% in the forecast period of 2023-28, cites MarkNtel Advisors in the recent research report. The primary reason for the growth of the market in the country is urbanization; more people are now moving to urban cities such as Amsterdam, Hague, and others in search of better opportunities, living standards, and educational opportunities. As more working professionals & students move to the country, they would require these services to get to their places of employment and educational institutions.
As a result, the demand for these services such as car sharing, bike rental, and others is increasing. In addition, the country's cold & dry climate, combined with uncertainty about rainfall and snowfall, makes it mandatory for daily commuters to hire a four-wheeler because it was less expensive and easier to manage than owning a car. Thereby, favorably impacting the demand for these services in the Netherlands in the coming years. However, the rising fuel cost & inflation due to Russia Ukraine conflict is restricting individuals from opting for shared vehicle services. Nevertheless, the country is looking to get the energy supplied from other sources, which would ease the rising prices of fuels in the country, and the indusial would again transition to shared mobility services. Thus, increasing its demand in the coming years.
Further, even the government in the country is also promoting the use of e-vehicles by creating an ecosystem that supports e-vehicles, such as the installation of charging stations, the establishment of carpooling stations, etc. Along with it, the population of the Netherlands, in general, is much more aware of climate change & the menace of carbon emissions, as a result of which, the commuters are also switching over to vehicle pooling services. Hence, creating a conducive environment for the growth of the market.
Car Sharing Service Type to Lead the Market
Based on Service Type, the market is bifurcated into Two Wheeler Sharing, Ride Sharing, Car Rental, Car Sharing, and Bus/Shuttle Services. Among all the types of services that are available for shared mobility, car sharing holds the dominant share as most commuters prefer to travel via cars in the Netherlands. Traditionally, commuters there have been habitual of traveling by car only. Along with it, taking car rental services gives them a personal space as well as the satisfaction of self-driving. Along with it, it also saves a lot of maintenance & parking costs as well for the riders.
Furthermore, the Netherlands' climatic condition varies, which means the country experiences rain, cold dry winds, and snowfall. In such cases, a car is an excellent option for commuters when traveling from one location to another. These factors have resulted in an increase in demand for car sharing among all types of services offered. As a result, a favorable environment for the growth of the market has been created.
Daily Commuters are the Largest Users of Shared Mobility
Based on commuting patterns, the market is classified as Daily Commuting, Last Mile Connectivity, and Occasional Commuting. Of them, Daily Commuters hold the dominant position within the market because it is a preferred choice among the daily commuters, which includes working professionals & students. This customer base requires shared mobility services every day to reach their offices & educational institutions. Along with it, hiring a bike allows the individual to reach the destination on time by skipping traffic congestion.
Further, sharing vehicles is cost-effective as well as does not involve maintenance, as a result of which, shared mobility is expected to be the preferred choice among daily commuters. Additionally, individuals in the Netherlands are more aware environmentally & are constantly switching over to more environmentally friendly and sustainable transportation options, as a result of which daily commuters are opting to hire e-bicycles, scooters, and cars. Thus, boosting the demand for these services.
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market players, including Uber, Green wheels, SIXT, Share Now, Amber, Go Sharing, Tier, My Wheels, AVIS, EUROPCAR, etc., are looking forward to strengthening their market position.
Key Questions Answered in the Research Report
- What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
- What are the trends that have shaped the industry to its current form?
- What key factors would propel and impede the industry across the region?
- How has the industry been evolving in terms of geography & product adoption?
- How has the competition shaped across various countries, followed by their comparative factorial indexing?
- How have buying behavior, customer inclination, and expectations from product manufacturers evolved during 2018-28?
- Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?
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