The mobility as a service market size is estimated to reach USD 1439.12 Billion by 2030, growing at a CAGR of 37.56% during the forecast period, 2022-2030 and it was valued at USD 139.72 Billion in 2022.
The convergence and growth of the transportation and communication industries drive market growth. Other significant reasons for boosting mobility as a Service (MaaS) market growth include rapid urbanization, smart city efforts, enhanced 4G/5G infrastructure penetration of smartphones, increased demand for mobility services, and the desire to minimize CO2 emissions. Mobility as a Service (MaaS) is a form of service that provides consumers with a single digital channel via which they may plan, book, and pay for various mobility services. The MaaS concept is spreading due to a growing emphasis on adopting a user-centric approach to mobility services as an integrated system.
Mobility as a Service (MaaS) is a new service form that allows customers to plan, book, and pay for various mobility services through a single digital channel. The term “mobility as a service” refers to a shift away from personally owned modes of transportation and toward mobility as a service. This is accomplished by merging public and private transportation services through a unified gateway that creates and administers the journey and allows customers to pay for it with a single account. Users can pay for trips individually or pay a monthly subscription for a set distance. The primary idea behind MaaS is to provide travelers with mobility options tailored to their specific travel meet requirements. MaaS is also enabling specialist urban transportation applications to increase their offers.
Regulations and a growing focus on smart city projects are driving MaaS implementations. Countries are developing new legislation to promote MaaS use in transportation. The Finnish Act on Transport Services, for example, went into effect in 2018 and intended to boost MaaS deployment, among other things. France is also at the forefront of new mobility schemes and MaaS models development. The “Mobility Orientation Act” covers all aspects of terrestrial transportation, including personal and shared cars, carpooling, buses, railways, chauffeur-driven vehicles, and micro-mobility such as rental bikes or electric scooters, was passed by the French Parliament on November 19th, 2019.
The transportation business comprises a wide range of operations within the value network. The majority of the market value comprises private vehicle ownership and public transportation. Transportation is a concept created per regional policy enforced by government regulators and authorities. The socioeconomic state, commuter lifestyle, acceptance of technology, demographic factors, infrastructure availability, and global economic conditions are some of the main criteria that determine the underwriting of regulation for a region (such as fossil fuel prices, international trade agreements, environmental challenges, and financial health)
Mobility as a service uses public and private vehicles, where most of the income is generated from ride-sharing services. Autonomous cars will decrease the need for private vehicle ownership and the responsibilities that come along with it. Riders will no longer be liable for driving which will help ride-sharing companies to grow their revenue. Experts forecast that autonomous cars will be available commercially in 2022, and by 2028, these vehicles will contribute to a substantial volume of new vehicle sales.
Increasing traffic congestion and emissions, mainly in developing countries, is one of the major restrictions. Most of the time, the drivers are traveling without any passenger in the car; this adds to more vehicular emissions and traffic congestion that wouldn’t exist without ride-hailing. In several developing countries, governments are prompting people to use public transport rather than mobility as a service to reduce traffic congestion.
Before the Covid-19 period, growing the disposable income of consumers and increasing investments in transportation infrastructure are fueling mobility as a service market. In developing countries, different initiatives taken by the government to encourage the use of mobility as a service are proving beneficial for the transportation industry. For instance, the European Union Commission and government agencies such as CERRE deliver subsidies to the vehicle owner to promote the adoption of ride-hailing services. Advancing e-bike sharing by daily office commuters is another factor driving the market. It saves a lot of time and helps decrease the emissions caused by conventional taxis. These elements help increase the growth of mobility as a service market before the pandemic.
The COVID-19 outbreak wreaked havoc on the mobility-as-a-service industry. The necessity for mobility has been reduced worldwide due to lockdown and social distance standards, except for emergencies. The near-zero public movements seriously harmed the key commercial area of the market, and the economy suffered a tumble. Furthermore, social distancing conventions in several countries forced people to choose private transportation over traditional ride-hailing services, thus depressing the economy of this business. The market’s post-pandemic rebound prospects do not appear promising, owing to the general preference for personal mobility.
After the covid-19 period, Station-based mobility is predicted to expand as the need to obey social distancing standards grows in the wake of the COVID-19 epidemic. On the other hand, Commuters might choose automobile rental services as public transportation to avoid having to interact with strangers. Instead of adopting car-sharing services, commuters would rely more on automobile rental companies for timely sanitization. The market would experience a short-term downturn if demand for multimodal transportation, such as car-sharing, bus-sharing, and train services, fell.
Based on service type, the global mobility as a service market is segmented into Bus sharing, Car sharing, Ride-hailing, Train services. The ride-hailing component is expected to dominate the market during the forecast period. Different options for booking and comfort delivered by ride-hailing services are one of the major reasons fueling the demand for the ride-hailing segment. The comfort of pick and drop facilities offered by ride-hailing services compared to conventional taxis is also one of the causes driving the market.
Based on transport, the global mobility as a service market is segmented into Private and Public. Private transportation has the highest market share during the forecast period. Private transportation includes services that deliver easy integration into mobility as a service medium, greatly affecting the sector. The rising need for personal mobility in the wake of increasing urbanization and the fall in car ownership are the main elements donating to the development of private transportation in mobility as a service market. Also, in the future, mobility as a service could make it extreme for a city resident to own a private car, and hence, the use of private transportation services will show significant growth.
Based on region, the global mobility as a service market is segmented into North America, Europe, Asia Pacific, South America, and the Middle East & Africa. Due to the dominance of some of the main providers, such as Whim, Citymapper, Tanzer, and Moovel, Asia Pacific is the largest market in the global mobility as a service market. In addition, developed Asian economies such as China, Singapore, South Korea, Japan, and a few others were the first to implement MaaS services. China dominates the Asian market. These countries have made sensible transportation infrastructure investments. The Asian market is likely driven by planned investments to improve urban transportation and traffic infrastructure. The market’s growth has been assisted by rising digitalization, which has provided effective ride reservation and tracking systems.
Companies Include Moovit Inc., Ola, Mobike, Ridecell Inc., LYFT, UBER, Zoox, Scoot, Whim, Easymile, Bridj, Ofo, Careem, Floatility & Other Prominent Players in the global mobility as a service market.
Key Stakeholders
| Report Attribute | Details |
|---|---|
| Revenue in 2021 | USD 3.72 Billion |
| The revenue forecast in 2028 | USD 23.12 Billion |
| Growth Rate | CAGR of 32.56 % from 2022 to 2028. |
| Historical data | 2017 – 2020 |
| Base Year | 2021 |
| Forecast period | 2022 – 2028 |
| Region covered | North America, Europe, Asia-Pacific, South America, and The Middle East & Africa |
| Key companies Profiled | Moovit Inc., Ola, Mobike, Ridecell Inc., LYFT, UBER, Zoox, Scoot, Whim, Easymile, Bridj, Ofo, Careem and Floatility are the key players. |
By Service Type
By Transportation Type
By Application Type
By Region
1.1. Market Modelling
1.2. Product Analysis
1.3. Market Trend and Economic Factors Analysis
1.4. Market Segmental Analysis
1.5. Geographical Mapping
1.6. Country Wise Segregation
2.1. Identification of Target Market
2.2. Data Acquisition
2.3. Refining of Data/ Data Transformations
2.4. Data Validation through Primary Techniques
2.5. Exploratory Data Analysis
2.6. Graphical Techniques/Analysis
2.7. Quantitative Techniques/Analysis
2.8. Visual Result/Presentation
4.1. Supply Chain Analysis
4.2. Economic Factor Analysis
4.2.1. Drivers
4.2.2. Trends
4.2.3. Opportunities
4.2.4. Challenges
4.3. Technological Landscape
4.4. Competitors & Product Analysis
4.5. Regulatory Framework
4.6. Company market share analysis, 2022
4.7. Porter’s Five forces analysis
4.8. Price point analysis
4.9. New Investment Analysis
4.10.PESTEL Analysis
4.11.Pre Covid-19 Impact
4.12.Covid-19 Impact
4.13.Post Covid-19 Impact
5.1. Market size & Forecast, 2017-2030
5.1.1. Demand
5.1.1.1. By Value (USD Billion)
5.2. Market Share & Forecast, 2017-2030
5.2.1. By Service Type
5.2.1.1. Bus Sharing
5.2.1.2. Car Sharing
5.2.1.3. Ride-Hailing
5.2.1.4. Train Services
5.2.1.5. others
5.2.2. By Transportation Type
5.2.2.1. Public
5.2.2.2. Private
5.2.3. By Application Type
5.2.3.1. Personalized application services
5.2.3.2. Journey management
5.2.3.3. Journey planning
5.2.3.4. Flexible payments and transactions
5.2.4. By Region
5.2.4.1. North America
5.2.4.2. Europe
5.2.4.3. Asia Pacific
5.2.4.4. The Middle East & Africa
5.2.4.5. South America
6.1. North America Mobility as a Service Market size & Forecast, 2017-2030
6.1.1. Demand
6.1.1.1. By Value (USD Billion)
6.2. North America Mobility as a Service Market Share & Forecast, 2017-2030
6.2.1. By Service Type
6.2.1.1. Bus Sharing
6.2.1.2. Car Sharing
6.2.1.3. Ride-Hailing
6.2.1.4. Train Services
6.2.1.5. others
6.2.2. By Transportation Type
6.2.2.1. Public
6.2.2.2. Private
6.2.3. By Application Type
6.2.3.1. Personalized application services
6.2.3.2. Journey management
6.2.3.3. Journey planning
6.2.3.4. Flexible payments and transactions
6.2.4. By Country
6.2.4.1. US
6.2.4.2. Canada
6.2.4.3. Mexico
7.1. Europe Mobility as a Service Market size & Forecast, 2017-2030
7.1.1. Demand
7.1.1.1. By Value (USD Billion)
7.2. Europe Mobility as a Service Market Share & Forecast, 2017-2030
7.2.1. By Service Type
7.2.1.1. Bus Sharing
7.2.1.2. Car Sharing
7.2.1.3. Ride-Hailing
7.2.1.4. Train Services
7.2.1.5. others
7.2.2. By Transportation Type
7.2.2.1. Public
7.2.2.2. Private
7.2.3. By Application Type
7.2.3.1. Personalized application services
7.2.3.2. Journey management
7.2.3.3. Journey planning
7.2.3.4. Flexible payments and transactions
7.2.4. By Country
7.2.4.1. Germany
7.2.4.2. UK
7.2.4.3. France
7.2.4.4. Italy
7.2.4.5. Rest of Europe
8.1. Asia Pacific Mobility as a Service Market size & Forecast, 2017-2030
8.1.1. Demand
8.1.1.1. By Value (USD Billion)
8.2. Asia Pacific Mobility as a Service Market Share & Forecast, 2017-2030
8.2.1. By Service Type
8.2.1.1. Bus Sharing
8.2.1.2. Car Sharing
8.2.1.3. Ride-Hailing
8.2.1.4. Train Services
8.2.1.5. others
8.2.2. By Transportation Type
8.2.2.1. Public
8.2.2.2. Private
8.2.3. By Application Type
8.2.3.1. Personalized application services
8.2.3.2. Journey management
8.2.3.3. Journey planning
8.2.3.4. Flexible payments and transactions
8.2.4. By Country
8.2.4.1. China
8.2.4.2. India
8.2.4.3. Japan
8.2.4.4. Australia
8.2.4.5. Rest of Asia pacific
9.1. The Middle East & Africa Mobility as a Service Market size & Forecast, 2017-2030
9.1.1. Demand
9.1.1.1. By Value (USD Billion)
9.2. The Middle East & Africa Mobility as a Service Market Share & Forecast, 2017-2030
9.2.1. By Service Type
9.2.1.1. Bus Sharing
9.2.1.2. Car Sharing
9.2.1.3. Ride-Hailing
9.2.1.4. Train Services
9.2.1.5. others
9.2.2. By Transportation Type
9.2.2.1. Public
9.2.2.2. Private
9.2.3. By Application Type
9.2.3.1. Personalized application services
9.2.3.2. Journey management
9.2.3.3. Journey planning
9.2.3.4. Flexible payments and transactions
9.2.4. By Country
9.2.4.1. Saudi Arabia
9.2.4.2. UAE
9.2.4.3. South Africa
9.2.4.4. Rest of The Middle East & Africa
10.1. South America Mobility as a Service Market size & Forecast, 2017-2030
10.1.1. Demand
10.1.1.1. By Value (USD Billion)
10.2. South America Mobility as a Service Market Share & Forecast, 2017-2030
10.2.1. By Service Type
10.2.1.1. Bus Sharing
10.2.1.2. Car Sharing
10.2.1.3. Ride-Hailing
10.2.1.4. Train Services
10.2.1.5. others
10.2.2. By Transportation Type
10.2.2.1. Public
10.2.2.2. Private
10.2.3. By Application Type
10.2.3.1. Personalized application services
10.2.3.2. Journey management
10.2.3.3. Journey planning
10.2.3.4. Flexible payments and transactions
10.2.4. By Country
10.2.4.1. Brazil
10.2.4.2. Argentina
10.2.4.3. Rest of South America
11.1. Company Description
11.2. Financial Analysis
11.3. Key Products
11.4. Key Management Personnel
11.5. Contact Address
11.6. SWOT Analysis
11.7. Company profile
11.7.1. Moovit Inc.
11.7.2. Ola
11.7.3. Mobike
11.7.4. Ridecell Inc.
11.7.5. LYFT
11.7.6. UBER
11.7.7. Zoox
11.7.8. Scoot
11.7.9. Whim
11.7.10. Easymile
11.7.11. Bridj
11.7.12. Ofo
11.7.13. Careem
11.7.14. Floatility
11.7.15. Other Prominent Players
Mobility-as-a-Service (MaaS) is a new form of service that allows customers to plan, book, and pay for various mobility services through a single digital channel.
The mobility as a service market size is estimated to reach USD 1439.12 Billion by 2030, growing at a CAGR of 37.56% during the forecast period, 2022-2030 and it was valued at USD 139.72 Billion in 2022.
Driving factors for the growth of the markets are Smart city initiatives and increased urbanization & Government initiatives in Mobility services.
Due to the dominance of some of the main providers, such as Whim, Citymapper, Tanzer, and Moovel, Asia Pacific is the largest market.
Companies include Moovit Inc., Ola, Mobike, Ridecell Inc., LYFT, UBER, Zoox, Scoot, Whim, Easymile, Bridj, Ofo, Careem, Floatility & Other Prominent Players are the key players in global mobility as a service market.
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