US Alternate Transportation Market Report 2021
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This report provides comprehensive and current information and analysis of the US Alternate Transportation market including alternate transportation market size, anticipated market forecast, relevant market segmentation, and industry trends for the Alternate Transportation market in the US.
Overall usage of alternate transportation services is down 11% when compared to 2020’s Report (prepandemic). However, overall usage of these services has begun to pick back up – particularly amongst rideshare services. Although COVID-19 drove some consumers away from alternate transportation services altogether, a majority of those who have taken services over the last year remain dedicated to their use. This dedication, referring to the heavy use of alternate transportation services, is driven by more affordable services such as public transportation – which consumers typically use in their daily lives. That said, 76% of consumers do not see alternate transportation services replacing the ownership of a personal vehicle, indicating that many consumers view these services as a compliment to owning a personal vehicle rather than a total replacement.
Moving forward, consumers will continue to prioritize aspects of health and safety. Therefore, alternate transportation services must maintain their focus on developing new safety features and protocols to both address the needs of their consumers and to differentiate themselves from their competition. Additionally, transportation service providers have the opportunity to further differentiate themselves through an increased focus on sustainability, as it will remain an important influence in consumer purchasing decisions.
Read on to discover more about the US Alternate Transportation consumer market, read our US The Future of Mobility Market Report 2020, or take a look at our other Automotive Market research reports.
Access the US Alternate Transport Market report 2021 on the US Store Mintel.
Brands include: Hertz, Tesla, Uber, Lyft, JPMorgan Chase, United Way, Anthem, Culdesac, Valley Metro, Bird, Envoy, Tinder, Grubhub, Divvy, Zipcar, Citi Bike, Lime, Enterprise Rent-A-Car, Avis.
This report, written by Gabe Sanchez, a leading analyst in the Automotive sector, delivers in-depth commentary and analysis to highlight current sustainable transport trends in the US, and add expert context to the numbers.
Most consumers look to alternate transportation as a compliment to vehicle ownership, rather than a replacement. However, this evolving part of the auto industry continues to introduce consumers to new and innovative services. As alternate transportation becomes increasingly available, affordable and convenient consumers will continue to look to these services to meet more of their mobility needs.
Gabe Sanchez
Automotive Analyst
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