Product Code: GVR-4-68040-114-0
Mobility As A Service Market Growth & Trends:
The global mobility as a service market size is expected to reach USD 1,441.30 billion by 2030, growing at a CAGR of 39.3% from 2023 to 2030, according to a new report by Grand View Research, Inc.. The escalation in demand for on-demand transportation services signifies a shift in consumer preferences for immediate access to transportation services. With individuals placing greater emphasis on hassle-free travel experiences catering to their specific schedules, the adoption of mobility as a service is experiencing significant growth due to its capability to integrate a range of transportation modes seamlessly.
The growing trend in mobile device adoption is a significant factor driving the growth of the MaaS market. With the high prevalence of mobile usage, which is pivotal in accessing and engaging with mobility as a service platform, users can effortlessly plan, book, and manage their transportation requirements. Intuitive mobility as a service application enhances accessibility and convenience in transportation services by satisfying the needs of various users through a single platform.
Moreover, the rapid economic expansion in emerging economies presents a favorable landscape for the growth of the MaaS market. As urbanization and rising disposable incomes rise, the demand for efficient, convenient, and sustainable transportation solutions grows. Mobility as a service emerges as a new concept in developing economies that addresses evolving mobility needs, offers integrated transportation services, and caters to previously unfulfilled demand due to a lack of infrastructure.
With the pandemic outbreak, there was a notable decrease in overall travel demand as individuals were confined to their homes, leading to a reduction in the utilization of mobility as a service. Additionally, the closure of businesses, entertainment venues, and educational institutions led to a decrease in the need for daily commuting, impacting the frequency of mobility as a service usage. While the initial stages of the pandemic resulted in challenges for the MaaS market, the industry is poised for a gradual recovery.
Mobility As A Service Market Report Highlights:
- The payment solutions segment is expected to grow at a significant rate. Integrating secure and seamless payment mechanisms directly within mobility as a service applications simplifies the transaction process and enhances user experience. Moreover, the payment solutions support domestic and international users, thus serving a broader user base
- The ride-sharing services segment is expected to witness significant growth. Many cities are implementing policies encouraging ride-sharing as part of their urban planning and sustainability efforts. These initiatives include dedicated lanes, incentives, and regulations that promote ride-sharing services, fostering their growth and utilization
- The private transportation segment is expected to grow at a significant CAGR over the forecast period. Mobility as a service platforms are witnessing a surge in adoption among individuals seeking personalized and efficient private transportation options. Passengers can enjoy personal space, control over climate settings, and the freedom to engage in personal activities.
- The Electric Vehicle (EV) segment is expected to witness significant growth over the forecast period. Due to their lower operating and maintenance costs than traditional internal combustion engine vehicles, the EV segment is expected to emerge as a viable option for mobility as a service. Mobility as a service platforms can highlight the financial benefits of using electric vehicles, making them an attractive option for cost-conscious users
- The on-demand segment dominated the market in 2022. On-demand mobility as a service offers users the flexibility to opt for viable transportation options without a commitment to a fixed subscription. Moreover, on-demand services cater to spontaneous travel decisions, allowing users to book transportation immediately without planning or reservations
- The Android segment dominated the market in 2022. Android devices have a broad market presence, making them accessible to a large user base. The vast accessibility encourages more individuals to utilize Android applications for booking transportation, as it aligns with the prevalent mobile ecosystem.
- The Peer-to-Peer (P2P) segment is expected to witness significant growth. Peer-to-peer (P2P) mobility as a service optimizes existing transportation resources by enabling individuals to share their vehicles with others during their daily commutes or trips. Moreover, vehicle owners can offset their vehicle expenses by sharing rides, while passengers can access affordable transportation options compared to ride-hailing services
- The government segment is expected to witness significant growth. Mobility as a service can help enhance government services and improve urban transportation. Moreover, mobility as a service platform can adapt to emergencies and provide alternative travel options during disasters, ensuring the smooth movement of people and resources
- The Asia Pacific region is expected to grow significantly, spurred by a high population density intensifying transportation challenges. A rise in investments to improve transportation infrastructure, including public transit, creates an environment conducive to mobility as a service adoption. Moreover, young demography and expanding digital initiatives in the Asia Pacific region are expected to drive the growth of the MaaS market
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definitions
- 1.3. Information Procurement
- 1.4. Information Analysis
- 1.4.1. Market Formulation & Data Visualization
- 1.4.2. Data Validation & Publishing
- 1.5. Research Scope and Assumptions
- 1.6. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segmental Outlook
- 2.3. Competitive Landscape Snapshot
Chapter 3. Market Variables, Trends, and Scope
- 3.1. Market Lineage Outlook
- 3.2. Industry Value Chain Analysis
- 3.3. Market Dynamics
- 3.3.1. Market Driver Impact Analysis
- 3.3.1.1. Smart cities and government initiatives
- 3.3.1.2. Technological advancements
- 3.3.2. Market Challenge Impact Analysis
- 3.3.2.1. Privacy and data concerns
- 3.3.3. Market Opportunity Impact Analysis
- 3.3.3.1. Rise in funding for mobility services
- 3.4. Impact of COVID-19 Pandemic
- 3.5. Industry Analysis Tools
- 3.5.1. Porter's Analysis
- 3.5.2. PESTEL Analysis
Chapter 4. Mobility as a Service Market: Solutions Estimates & Trend Analysis
- 4.1. Solutions Movement Analysis & Market Share, 2022 & 2030
- 4.2. Mobility as a Service Market Estimates & Forecast, By Solutions
- 4.2.1. Journey Planning & Management Solutions
- 4.2.2. Payment Solutions
- 4.2.3. Booking & Ticketing Solutions
- 4.2.4. Application Technology Solutions
- 4.2.5. Others
Chapter 5. Mobility as a Service Market: Services Estimates & Trend Analysis
- 5.1. Services Movement Analysis & Market Share, 2022 & 2030
- 5.2. Mobility as a Service Market Estimates & Forecast, By Services
- 5.2.1. Ride-hailing Services
- 5.2.2. Ride-sharing Services
- 5.2.3. Micromobility Services
- 5.2.4. Public Transport Services
- 5.2.5. Others
Chapter 6. Mobility as a Service Market: Transportation Type Estimates & Trend Analysis
- 6.1. Transportation Type Movement Analysis & Market Share, 2022 & 2030
- 6.2. Mobility as a Service Market Estimates & Forecast, By Transportation Type
- 6.2.1. Public Transportation
- 6.2.2. Private Transportation
Chapter 7. Mobility as a Service Market: Propulsion Type Estimates & Trend Analysis
- 7.1. Propulsion Type Movement Analysis & Market Share, 2022 & 2030
- 7.2. Mobility as a Service Market Estimates & Forecast, By Propulsion Type
- 7.2.1. Internal Combustion Engine (ICE) Vehicle
- 7.2.2. Electric Vehicle (EV)
- 7.2.3. Compressed Natural Gas (CNG)/Liquefied Petroleum Gas (LPG) Vehicle
Chapter 8. Mobility as a Service Market: Payment Type Estimates & Trend Analysis
- 8.1. Payment Type Movement Analysis & Market Share, 2022 & 2030
- 8.2. Mobility as a Service Market Estimates & Forecast, By Payment Type
- 8.2.1. On-demand
- 8.2.2. Subscription-based
Chapter 9. Mobility as a Service Market: Operating System Estimates & Trend Analysis
- 9.1. Operating System Movement Analysis & Market Share, 2022 & 2030
- 9.2. Mobility as a Service Market Estimates & Forecast, By Operating System
- 9.2.1. Android
- 9.2.2. iOS
- 9.2.3. Others
Chapter 10. Mobility as a Service Market: Application Estimates & Trend Analysis
- 10.1. Application Movement Analysis & Market Share, 2022 & 2030
- 10.2. Mobility as a Service Estimates & Forecast, By Application
- 10.2.1. Business-to-Business (B2B)
- 10.2.2. Business-to-Consumer (B2C)
- 10.2.3. Peer-to-Peer (P2P)
Chapter 11. Mobility as a Service Market: End-user Estimates & Trend Analysis
- 11.1. End-user Movement Analysis & Market Share, 2022 & 2030
- 11.2. Mobility as a Service Market Estimates & Forecast, By End-user
- 11.2.1. Automotive
- 11.2.2. Government
- 11.2.3. Healthcare
- 11.2.4. Retail
- 11.2.5. Entertainment
- 11.2.6. Others
Chapter 12. Mobility as a Service Market: Regional Estimates & Trend Analysis
- 12.1. Mobility as a Service Market: Regional Outlook
- 12.2. North America
- 12.2.1. North America Mobility as a Service market estimates & forecasts, 2017 - 2030 (USD Billion)
- 12.2.2. U.S.
- 12.2.2.1. U.S. Mobility as a Service market estimates & forecasts, 2017 - 2030 (USD Billion)
- 12.2.3. Canada
- 12.2.3.1. Canada Mobility as a Service market estimates & forecasts, 2017 - 2030 (USD Billion)
- 12.3. Europe
- 12.3.1. Europe Mobility as a Service market estimates & forecasts, 2017 - 2030 (USD Billion)
- 12.3.2. UK
- 12.3.2.1. UK Mobility as a Service market estimates & forecasts, 2017 - 2030 (USD Billion)
- 12.3.3. Germany
- 12.3.3.1. Germany Mobility as a Service market estimates & forecasts, 2017 - 2030 (USD Billion)
- 12.3.4. France
- 12.3.4.1. France Mobility as a Service market estimates & forecasts, 2017 - 2030 (USD Billion)
- 12.4. Asia Pacific
- 12.4.1. Asia Pacific Mobility as a Service market estimates & forecasts, 2017 - 2030 (USD Billion)
- 12.4.2. China
- 12.4.2.1. China Mobility as a Service market estimates & forecasts, 2017 - 2030 (USD Billion)
- 12.4.3. Japan
- 12.4.3.1. Japan Mobility as a Service market estimates & forecasts, 2017 - 2030 (USD Billion)
- 12.4.4. India
- 12.4.4.1. India Mobility as a Service market estimates & forecasts, 2017 - 2030 (USD Billion)
- 12.4.5. Australia
- 12.4.5.1. Australia Mobility as a Service market estimates & forecasts, 2017 - 2030 (USD Billion)
- 12.4.6. South Korea
- 12.4.6.1. South Korea Mobility as a Service market estimates & forecasts, 2017 - 2030 (USD Billion)
- 12.5. Latin America
- 12.5.1. Latin America Mobility as a Service market estimates & forecasts, 2017 - 2030 (USD Billion)
- 12.5.2. Brazil
- 12.5.2.1. Brazil Mobility as a Service market estimates & forecasts, 2017 - 2030 (USD Billion)
- 12.5.3. Mexico
- 12.5.3.1. Mexico Mobility as a Service market estimates & forecasts, 2017 - 2030 (USD Billion)
- 12.6. Middle East & Africa
- 12.6.1. Middle East & Africa Mobility as a Service market estimates & forecasts, 2017 - 2030 (USD Billion)
- 12.6.2. Kingdom of Saudi Arabia (KSA)
- 12.6.2.1. Kingdom of Saudi Arabia (KSA) Mobility as a Service market estimates & forecasts, 2017 - 2030 (USD Billion)
- 12.6.3. UAE
- 12.6.3.1. UAE Mobility as a Service market estimates & forecasts, 2017 - 2030 (USD Billion)
- 12.6.4. South Arica
- 12.6.4.1. South Africa Mobility as a Service market estimates & forecasts, 2017 - 2030 (USD Billion)
Chapter 13. Competitive Landscape
- 13.1. Company Categorization
- 13.2. Participant's Overview
- 13.2.1. Lyft, Inc.
- 13.2.2. INTEL CORPORATION (Moovit, Inc.)
- 13.2.3. UBER TECHNOLOGIES, INC.
- 13.2.4. BlaBlaCar
- 13.2.5. GRAB HOLDINGS LIMITED
- 13.2.6. MaaS Global
- 13.2.7. SkedGo
- 13.2.8. Moovel North America, LLC.
- 13.2.9. Fluidtime
- 13.2.10. Cubic Transportation Systems, Inc.
- 13.3. Financial Performance
- 13.4. Product Benchmarking
- 13.5. Company Market Positioning
- 13.6. Company Market Share Analysis, 2022
- 13.7. Company Heat Map Analysis
- 13.8. Strategy Mapping
- 13.8.1. Expansion
- 13.8.2. Collaborations
- 13.8.3. Mergers & Acquisitions
- 13.8.4. New Product Launches
- 13.8.5. Partnerships
- 13.8.6. Others