by Paolo Lobetti Bodoni (EY Partner with the role of Business Consulting Leader)
Smart mobility is a phenomenon that is as important as it is complex. Technologies, innovation, actors, competitive dynamics, demand behavior, business strategies, environmental impacts and government policies are elements that must be taken into consideration. Their interaction makes that of the smart mobility a market ecosystem of which it is difficult to predict development, especially in times of great uncertainty such as the current ones.
It is estimated that the automotive market, also extended to include mobility services, will reach a global value in excess of $ 1.5 trillion. A value that should not suffer significant impacts due to the Covid-19 emergency, but could only change in the distribution of the sectors within the sector.
In Italy, this market will have a value of over 250 billion euros and will absorb about 12% of the country's workforce, of which only 45% belonging to the automotive sector in the strict sense. demonstrating how the mobility ecosystem is progressively expanding its borders redefining the perimeter of the sector.
Some macro-trends such as hyper-urbanization, environmental protection, connectivity, widespread sensors and others will remain driving, despite the potential change in the population's propensity and willingness to consume. In this difficult moment, between market experiences and pre and post-COVID habits, it is therefore appropriate to make an overview of the state of the mobility market starting from the transactions taking place on the markets.