According to recent findings, the Global Mobility as a Service Market is projected to grow at a CAGR of around 32% during the forecast period, i.e., 2023-28.
At MarkNtel Advisors, we continuously monitor and analyze industry trends to provide reliable insights that support informed decision-making and the key factors contributing to the market's promising outlook.
Mobility as a Service (MaaS) Overview:
Most of the market growth would be propelled by the growing consumer interest in on-demand mobility services, government initiatives for smart city developments, and the mounting penetration of the internet & smartphones, coupled with the ever-evolving need to reduce carbon emissions from the transportation sector, which contributes massively to air pollution caused by heavy vehicular traffic. Consequently, the demand for shared mobility services is dramatically rising worldwide, i.e., also backed by burgeoning vehicle ownership & fuel costs.
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Mobility as a Service (MaaS) Outlook and Market Driver :
Rapidly Growing Demand for On-Demand Transportation - The rising inclination of various consumers worldwide toward micro-mobility has instigated several automakers to invest massively in on-demand transportation, such as taxis, passenger vehicles, & charter vehicles, which is why the world is witnessing the rapidly increasing availability of e-bikes & scooters on rent for consumers to save time & money as they offer features like real-time feedback, flexibility, & vehicle tracking, and rating. Hence, with on-demand transportation comes the ability to identify the consumer's precise location and match demand with available supply, which are the prime aspects projected to drive the Global Mobility as a Service Market during 2023-28.
Global Mobility as a Service (MaaS) Segmentation Analysis:
By Services
- Ride
- Hailing
- Sharing
- Vehicle Sharing
- Car Sharing
- Bi-cycle Sharing
- Motorbike Sharing
- Public Transport
- Bus Sharing/Shuttle Service
- Train
According to reports,Of them all. Ride-hailing services are expected to attain a significant share of the Global Mobility as a Service Market during 2023-28.
By Solution
- Technology Platforms
- Payment Engines
- Navigation Solutions
- Telecom Connectivity
- Ticketing Solutions
- Insurance Services
According to reports,Here, insurance services are expected to attain a notable market share during 2023-28. It ascribes to the increasing insurance premiums for trip cancellations & delays, property damage, & road accidents.
By Commuting Pattern
- Daily commuting
- First & Last-mile
- Inter-city Trips
- Off-Peak & Shift Work Commute
- Airport or Mass Transit Station
- Others (Hospital, Event Trips, Healthcare/Delivery Service & unplanned requirement)
By Pricing Model
- Pay-as-you-go
- Monthly Subscription
By Business Model
- B2B (Business to Business)
- B2C (Business to Customer)
- B2I (Business to Industry)
- B2G (Business to Government)
According to reports,Among all, B2C is projected to generate considerable revenue for the market during 2023-28
By Region
- North America
- South America
- Asia-Pacific
- Europe, Middle East & Africa.
According to reports, Of all regions globally, Asia-Pacific is expected to attain a prominent share of the Mobility as a Service Market during 2023-28.
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Some of the Market players in the Global Mobility as a Service (MaaS) are:
- Whim
- BlaBlaCar
- Car2Go
- CityMapper
- DiDi Chuxing
- Grab
- LeCab
- Lyft
- Mobike
- Movit
- Ola
- Ridecell
- Uber
- Zoox
- Scoot
- Floatility
- Easy Mile
- Bridj
- Careem
- Ofo
- InDriver
- Curb Mobility
- Others.
Mobility as a Service (MaaS) Recent Development:
- On 23 March 2022, Lyft & Spin announced a partnership for bringing Spin scooters to the Lyft app across 60 locations in the US, where the initial rollout began in Nashville, Tennessee. This integration is in line with Lyft's goals toward becoming the go-to transportation platform as riders have new, cost-effective, & more sustainable ways to commute across different points:
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