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Research Outline
Prepared for Emma | Delivered February 5, 2020
UK Mobility Industry Profile/Outlook
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Goals
To obtain insights into the profiles of emerging mobility companies in the UK including areas of expected growth year over year, major players within the market, and growth areas in other forms of transport.
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Early Findings
INDUSTRY OUTLOOK
The
National Grid
suggests that the number of electric vehicles on UK roads could reach 10.6 million by 2030 and as high as 36 million by 2040.
Europe's electric vehicle market is projected to have a
CAGR of 34.6%
between 2020 and 2027.
From 2007 to 2017, the UK's usage of
railways
and private hire vehicles grew by 36% and 41%.
While still making up about 70% of all public transport usages, the number of
bus passengers
has fallen by 11% in the past decade.
Revenue from
ride-sharing
services are projected to grow 30% to £102 billion by 2023.
ARRIVAL PROFILE
Arrival
is a company based out of London, United Kingdom. They're focus is the production of second generation electric vehicles that are no more expensive that traditional vehicles.
Their target market is commercial companies with a large dependence on motor vehicles such as
postal services
.
Several large, notable
investors
have invested in Arrival such as UPS,
K
i
a
, and
H
y
u
n
d
i
a
.
While Arrival has not yet generated significant revenue, it has a valuation of
£3 billion
.
Currently, Arrival has not sold any vehicles on a commercial scale. It expects to launch its first line of vehicles commercially in
late 2020
.
The UK's
electric vehicle market
is expected to have a CAGR of 34.6% between 2020 and 2027.
Arrival'
s
twitter handle is
@
a
r
r
i
v
a
l
.
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