Focus on: DRT Market Growth & Economic Impact

Focus on: DRT Market Growth & Economic Impact

North America’s Market Leadership: As of 2024, North America holds 39.5% of the global DRT market, valued at USD 9.91 billion, driven by rapid adoption of technology and modern mobility infrastructure (Market.us, 2024)
Public Transit Usage Growth: In March 2024, Canada recorded 134.3 million passenger trips, marking a 6.8% increase from March 2023, highlighting growing transit demand (Statistics Canada, 2024)
Economic Influence of Flexible Transit: The ride-hailing and delivery industry in the U.S. generates over USD 200 billion annually, employing 7.3 million workers, underscoring the increasing economic significance of adaptable transit solutions (Market.us, 2024)

The Growth Potential of On-Demand Transit

On-demand transit is still in its early stages. As of 2021, only 16% of transit agencies offered on-demand services, indicating a massive opportunity for expansion (Mobility Innovators, 2023).

Moreover, the global DRT market, valued at USD 23.3 billion in 2023, is expected to grow at a 15.6% CAGR through 2032, signaling long-term sustainability and demand (Market.us, 2024).

Nemi’s Role in the Future of Transit

At Nemi, we believe that demand-responsive transit is no longer just an experiment—it’s an essential part of modern urban mobility. The success of Fort Erie, Barrie, and Durham Region highlights a clear trend: transit agencies that embrace data-driven, flexible solutions are seeing increased ridership, better cost-efficiency, and higher user satisfaction.

However, there’s still work to be done. While major metropolitan areas are beginning to adopt microtransit and on-demand models, many medium and small municipalities remain underserved. This presents an opportunity for scalable, technology-driven solutions that can be customized to the unique needs of different communities.

The transit industry is at a pivotal moment. Rising ridership, changing commuter behaviors, and evolving urban mobility needs demand flexible, tech-driven solutions. DRT is proving to be a game-changer, but its success depends on smart implementation, strong partnerships, and continuous innovation.

At Nemi, we are committed to driving this transformation. As we expand in North America, we aim to collaborate with transit agencies, municipalities, and mobility partners to build next-generation transit networks that are sustainable, efficient, and accessible to all.