Restrictions on movement, changing consumer preferences and the heightened focus on safety triggered by the COVID-19 pandemic are anticipated to alter the future of consumer mobility, urban planning and construction. The surge in homeworking, reduced use of public transport and enlarged focus on sustainability are pushing ahead a new agenda for the future that is expected to alter the choices consumers make from how they live and work to the way travel and seek leisure.
This report comes in PPT.
The outbreak of COVID-19 is expected to change commuting patterns, with a greater number of people anticipated to switch to cars, bicycles and other modes of micro-mobility. Around 13% of consumers globally indicated they plan to reduce public transport usage permanently.
Around 70% of companies in the Voice of the Industry survey indicated that they plan to increase working from home. Changing working patterns are anticipated to impact demand for mobility services as consumers would commute less.
The 15-minute city is a new urban development plan that focuses on providing all essential needs such as work, school, grocery and leisure within a 15-minute walk or bicycle ride. This is expected to provide sustainability benefits by reducing the need for personal cars while giving urban dwellers more time to engage with local communities.
Changing working and commuting habits will adversely impact demand for office and retail spaces in the largest cities. However, investments and expansion of smaller cities may provide new opportunities for construction companies in residential, small office building and warehousing sectors.
Changes in the construction demand structure will impact the competitive landscape, with larger construction companies with greater diversification anticipated to consolidate their positions. Investments into green cities and sustainability goals are also expected to encourage usage of greener and more sustainable materials in construction projects.
All vehicles captured by Euromonitor's vehicle volume sales data, i.e. light vehicles -passenger cars and light commercial vehicles combined. Medium and heavy-duty trucks and buses are not covered.See All of Our Definitions
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