Cities

[New] Restaurant industry losses will reach $240 billion by the end of the calendar year because of the coronavirus pandemic, which led many cities and states to impose restrictions on dining.
[New] The global 3D printing market is expected to grow in future due to rapid urbanization, increasing number of 3D printer manufacturers, growing sales of 3D inkjet printheads, increasing number of FDA approved medical products and rising disposable income.
[New] US states and cities (that generally must balance their budgets each year) already have begun revising their spending downward: Cities, towns, and villages could lose $360 billion in tax revenue over the next two years.
[New] Fresh geopolitical concerns are adding new sources of downside risk for the market to grapple with, headlined by an increasingly tense U.S.-China relationship and an increasingly tense situation across major U.S. cities.
[New] In Europe, Paris has set targets to ban all gasoline and diesel vehicles from the city center by 2030, and Copenhagen plans a staggered ban on diesel cars, starting in 2022.
[New] The global smart city market is expected to grow from USD 288,365.65 million 2017 to USD 862,853.35 million by the end of 2024 at a Compound Annual Growth Rate of 16.95%.
[New] Forward leaning cities from Seattle to Singapore to London are expected to spend nearly $124 billion this year on smart city initiatives, an increase of 18.9% from 2019.
[New] Smart cities market is expected to reach USD 390.13 billion by 2027 witnessing market growth at a rate of 21.18% in the forecast period of 2020 to 2027.
[New] Smart cities will not be complete without smart homes so that forecast for the smart home market around the world in 2020 amounts to $40.9 billion.
[New] 74% of municipalities in the United States have already started making unavoidable cuts and adjustments in response to the projected $360 billion revenue loss for cities over the next 3 years.
[New] Nearly 70% of cities have not received funding through the CARES Act: 74% of municipalities in the United States have already started making unavoidable cuts and adjustments in response to the projected $360 billion revenue loss for cities over the next 3 years.
[New] In Rome, Mayor Virginia Raggi has announced plans to ban diesel cars from the city center by 2024, while Madrid's zero-emissions zone already bars diesel vehicles made prior to 2006.
[New] Twenty-four European cities accounting for 62 million people are already set to ban diesel vehicles by 2030, 13 of which (including London, Barcelona and Rome) plan to eliminate all internal combustion engine vehicles.
In the coming years, many operators and cities will focus on replacing older bus fleets in an accelerated pace to reach the targets on the transition to a decarbonised and climate neutral bus fleet.
By 2050 the urban population of developing countries will reach 5.3 billion, with Asia expected to host 63% approximately 3.3 billion people and Africa nearly 20% of the world's urban population.
The City of Helsinki in Finland has a vision to become carbon neutral by 2050.
Recognizing cities as engines of growth, Uzbekistan has set sustainable urbanization as a priority agenda, with the goal of increasing its urbanization level to 60% by 2030.
The Iranian population will reach about 100 million by year 2020 and the number of urban areas vary from 600 to 1000.
Kampala is the backbone of the economy, generating over 60% of Uganda's GDP and is also one of the fastest growing cities in the world, set to triple in size by 2050.
With an increasing number of cities in Europe enforcing emission rules, only EVs will be able to run in urban areas in the next years.
With two-thirds of the world's population expected to be living in urban areas by 2050, smart cities will become essential to allocating the necessary resources for populations.

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Last updated: 05 July 2020