Mobility as a Service Market By Service (Car Sharing, Ride Hailing, Micro Mobility, Bus Sharing, Train), By Business Model (Business-To-Consumer, Business-To-Business, Peer-To-Peer), By Application (Journey Management, Journey Planning, Personalized Application Services, Flexible Payments & Transactions) and By Region; Global Insights & Forecast (2024 – 2030)

Intent Market Research, the Mobility as a Service Market is expected to grow from USD 5.4 billion in 2023-e at a CAGR of 31.7% to touch USD 36.9 billion by 2030.

The Mobility as a Service (MaaS) market is transforming the way individuals and businesses approach transportation. By integrating various transportation services into a single accessible and customer-friendly platform, MaaS enhances convenience and efficiency for users. The market is driven by the growing demand for seamless mobility solutions, urbanization, and advancements in technology. As urban centers become increasingly congested, the need for innovative transportation options is paramount.

The MaaS market is structured into various segments, including ride-sharing, public transport, bike-sharing, and more. Each segment showcases unique growth dynamics and opportunities. Among these, the ride-sharing segment stands out as a significant player, driven by its ability to offer flexible, on-demand transportation solutions that cater to the needs of modern consumers. This segment’s rapid adoption is bolstered by increasing smartphone penetration, a rise in urban population density, and a growing preference for cost-effective transportation alternatives. As cities strive to manage traffic congestion and reduce environmental impact, ride-sharing continues to gain traction as a sustainable and user-friendly mobility option.

Mobility as a Service Market

Ride-Sharing Segment is Largest Owing to Its Convenience and Flexibility

The ride-sharing segment remains the largest in the Mobility as a Service market, attributed to its unparalleled convenience and flexibility. Services like Uber and Lyft have revolutionized urban transportation by offering users an easy-to-use platform that connects them with drivers within minutes. This segment’s growth is fueled by the increasing smartphone adoption and widespread internet connectivity, enabling users to book rides effortlessly. Additionally, the shift in consumer preferences towards on-demand services has led to a surge in ride-sharing popularity, as users seek hassle-free alternatives to traditional taxi services.

Moreover, the expansion of ride-sharing services into suburban and rural areas has broadened their appeal, allowing them to capture a larger market share. The integration of various payment methods and features like ride-sharing subscriptions further enhances the user experience, making it more attractive to a diverse demographic. As urban centers continue to grow, the reliance on ride-sharing services is expected to persist, solidifying its status as the largest subsegment within the Mobility as a Service market.

Public Transport Segment is Fastest Growing Owing to Smart Integration

The public transport segment is experiencing rapid growth, emerging as the fastest-growing area within the Mobility as a Service market. The integration of smart technologies into public transportation systems has made them more efficient and user-friendly. Cities are increasingly adopting MaaS platforms that incorporate public transit options, enabling users to plan their journeys seamlessly. Features such as real-time tracking, mobile ticketing, and multi-modal transport options enhance the overall experience, attracting more users to public transport services.

Additionally, the growing focus on sustainability and reducing carbon emissions is propelling the adoption of public transport within the MaaS framework. Governments and municipal bodies are investing heavily in upgrading public transport infrastructure, making it a more viable option for daily commuters. As awareness of environmental issues continues to rise, the public transport segment is expected to maintain its rapid growth trajectory, playing a crucial role in the overall Mobility as a Service market.

Bike-Sharing Segment is Largest Owing to Eco-Friendly Solutions

The bike-sharing segment has emerged as the largest subsegment within the Mobility as a Service market, primarily due to its eco-friendly solutions and alignment with sustainable urban mobility initiatives. As cities seek to reduce traffic congestion and greenhouse gas emissions, bike-sharing programs have gained traction as a practical and sustainable transportation alternative. These programs not only encourage healthy living but also provide an affordable means of transportation for urban dwellers, contributing to their growing popularity.

The integration of bike-sharing services with other modes of transport within MaaS platforms has further enhanced their appeal. Users can easily access bike-sharing options as part of their overall travel plans, promoting seamless transitions between different modes of transport. As cities continue to invest in cycling infrastructure and promote active transportation, the bike-sharing segment is poised for continued growth, solidifying its status as a critical component of the Mobility as a Service landscape.

Car-Sharing Segment is Fastest Growing Owing to Urbanization Trends

The car-sharing segment is rapidly emerging as the fastest-growing area within the Mobility as a Service market, fueled by urbanization trends and changing consumer behavior. As more individuals move to urban areas, the demand for flexible transportation solutions that allow users to rent vehicles on an as-needed basis has surged. Car-sharing platforms, such as Zipcar and Turo, provide users with easy access to vehicles without the costs associated with ownership, appealing to a demographic that values convenience and affordability.

Furthermore, the growing awareness of the environmental impact of personal vehicle ownership is driving users toward car-sharing options. By opting for car-sharing, users can reduce their carbon footprint and contribute to sustainability efforts. As cities adapt to accommodate car-sharing services and as technology continues to evolve, this segment is expected to witness significant growth, becoming a pivotal player in the Mobility as a Service market.

Integrated Mobility Solutions Segment is Largest Owing to Comprehensive Offerings

The integrated mobility solutions segment is the largest within the Mobility as a Service market, owing to its comprehensive offerings that combine multiple transportation modes into a single platform. These solutions provide users with a seamless experience, allowing them to plan, book, and pay for their entire journey through one interface. By integrating various services—such as ride-sharing, public transport, and bike-sharing—into one accessible platform, integrated mobility solutions cater to the diverse needs of urban commuters.

The increasing demand for holistic transportation solutions that simplify the mobility experience has propelled the growth of this segment. As urban centers become more congested, the necessity for efficient, user-friendly solutions that reduce travel time and enhance convenience is more pressing than ever. Consequently, integrated mobility solutions are expected to maintain their dominance in the Mobility as a Service market, driving innovation and fostering sustainable transportation practices.

Leading Region is North America Owing to Technological Advancements

North America stands out as the leading region in the Mobility as a Service market, driven by significant technological advancements and a robust transportation infrastructure. The United States and Canada have been at the forefront of adopting innovative mobility solutions, thanks to a well-established tech ecosystem and high consumer awareness regarding sustainable transportation. This region boasts a high penetration of smartphones and internet connectivity, facilitating the seamless integration of various transportation services within MaaS platforms.

Moreover, the presence of major players in the ride-sharing and car-sharing industries has further solidified North America’s position as a leader in the Mobility as a Service market. With ongoing investments in smart city initiatives and a growing focus on reducing carbon emissions, the region is expected to continue its dominance. As the demand for convenient and efficient transportation solutions rises, North America will likely maintain its leadership in the Mobility as a Service landscape.

Competitive Landscape of the Mobility as a Service Market

The Mobility as a Service market is characterized by intense competition among several key players striving to enhance their offerings and expand their market presence. Leading companies such as Uber Technologies, Lyft, Siemens AG, Daimler AG, and BMW Group are pivotal in shaping the market landscape. These companies invest heavily in technology and partnerships to develop innovative solutions that cater to the evolving needs of urban mobility.

In addition to traditional players, new entrants are continually emerging, driven by advancements in technology and shifts in consumer preferences. The competitive landscape is marked by a blend of established companies and innovative startups focusing on niche areas within the MaaS spectrum. As the market continues to grow, collaboration between stakeholders, including public transport authorities, technology providers, and mobility service operators, will play a crucial role in shaping the future of the Mobility as a Service ecosystem.

Top 10 Companies in the Mobility as a Service Market:

  1. Uber Technologies, Inc.: A pioneer in ride-sharing, Uber continues to innovate with a wide range of mobility solutions.
  2. Lyft, Inc.: A major competitor to Uber, Lyft focuses on providing reliable ride-sharing services across the United States.
  3. Siemens AG: Known for its technological expertise, Siemens integrates smart transport solutions into the MaaS framework.
  4. Daimler AG: With its focus on car-sharing and ride-hailing services, Daimler is a key player in the evolving mobility landscape.
  5. BMW Group: BMW is actively developing mobility solutions, including car-sharing services that cater to urban commuters.
  6. Ford Motor Company: Ford is investing in mobility solutions, focusing on connected vehicles and innovative transportation services.
  7. Ola Cabs: A prominent player in India, Ola offers ride-sharing and transportation services across various cities.
  8. Grab Holdings: Operating primarily in Southeast Asia, Grab provides ride-hailing and food delivery services.
  9. Gett: A technology-driven ride-hailing service that operates in multiple markets, Gett focuses on corporate transportation solutions.
  10. Moovit: Known for its public transit app, Moovit integrates various mobility services into a user-friendly platform.

As the Mobility as a Service market continues to evolve, the competitive landscape will remain dynamic, with companies striving to offer innovative solutions that meet the needs of modern consumers while addressing the challenges of urban mobility.

Report Objectives:

The report will help you answer some of the most critical questions in the Mobility as a Service Market. A few of them are as follows:

  1. What are the key drivers, restraints, opportunities, and challenges influencing the market growth?
  2. What are the prevailing technology trends in the mobility as a service market?
  3. What is the size of the mobility as a service market based on segments, sub-segments, and regions?
  4. What is the size of different market segments across key regions: North America, Europe, Asia Pacific, Latin America, Middle East & Africa?
  5. What are the market opportunities for stakeholders after analyzing key market trends?
  6. Who are the leading market players and what are their market share and core competencies?
  7. What is the degree of competition in the market and what are the key growth strategies adopted by leading players?
  8. What is the competitive landscape of the market, including market share analysis, revenue analysis, and a ranking of key players?

Report Scope:

Report Features

Description

Market Size (2023-e)

USD 5.4 billion

Forecasted Value (2030)

USD 36.9 billion

CAGR (2024-2030)

31.7%

Base Year for Estimation

2023-e

Historic Year

2022

Forecast Period

2024-2030

Report Coverage

Market Forecast, Market Dynamics, Competitive Landscape, Recent Developments

Segments Covered

Mobility as a Service Market By Service (Car Sharing, Ride Hailing, Micro Mobility, Bus Sharing, Train), By Business Model (Business-To-Consumer, Business-To-Business, Peer-To-Peer), By Application (Journey Management, Journey Planning, Personalized Application Services, Flexible Payments & Transactions)

Regional Analysis

North America (US, Canada), Europe (Germany, France, UK, Spain, Italy & Rest of Europe), Asia Pacific (China, Japan, South Korea, India, and rest of Asia Pacific), Latin America (Brazil, Mexico, Argentina, & Rest of Latin America), Middle East & Africa (Saudi Arabia, South Africa, Turkey, United Arab Emirates, & Rest of MEA)

Customization Scope

Customization for segments, region/country-level will be provided. Moreover, additional customization can be done based on the requirements

1.Introduction

1.1.Market Definition

1.2.Scope of the Study

1.3.Research Assumptions

1.4.Study Limitations

2.Research Methodology

2.1.Research Approach

2.1.1.Top-Down Method

2.1.2.Bottom-Up Method

2.1.3.Factor Impact Analysis

2.2.Insights & Data Collection Process

2.2.1.Secondary Research

2.2.2.Primary Research

2.3.Data Mining Process

2.3.1.Data Analysis

2.3.2.Data Validation and Revalidation

2.3.3.Data Triangulation

3.Executive Summary

3.1.Major Markets & Segments

3.2.Highest Growing Regions and Respective Countries

3.3.Impact of Growth Drivers & Inhibitors

3.4.Regulatory Overview by Country 

4.Mobility as a Service Market, by Service (Market Size & Forecast: USD Billion, 2024 – 2030)

4.1.Ride Hailing

4.2.Bus Sharing

4.3.Micro Mobility

4.4.Car Sharing

4.5.Train Services

5.Mobility as a Service Market, by Business Model (Market Size & Forecast: USD Billion, 2024 – 2030)

5.1.Business-To-Consumer

5.2.Business-To-Business

5.3.Peer-To-Peer

6.Mobility as a Service Market, by Application (Market Size & Forecast: USD Billion, 2024 – 2030)

6.1.Journey Planning

6.2.Journey Management

6.3.Personalized Application Services

6.4.Flexible Payments & Transactions

7.Regional Analysis (Market Size & Forecast: USD Billion, 2024 – 2030)

7.1.Regional Overview

7.2.North America

7.2.1.Regional Trends & Growth Drivers

7.2.2.Barriers & Challenges

7.2.3.Opportunities

7.2.4.Factor Impact Analysis

7.2.5.Technology Trends

7.2.6.North America Mobility as a Service Market, by Service

7.2.7.North America Mobility as a Service Market, by Business Model

7.2.8.North America Mobility as a Service Market, by Application

          *Similar segmentation will be provided at each regional level

7.3.By Country

7.3.1.US

7.3.1.1.US Mobility as a Service Market, by Service

7.3.1.2.US Mobility as a Service Market, by Business Model

7.3.1.3.US Mobility as a Service Market, by Application

7.3.2.Canada

                       *Similar segmentation will be provided at each country level

7.4.Europe

7.5.APAC

7.6.Latin America

7.7.Middle East & Africa

8.Competitive Landscape

8.1.Overview of the Key Players

8.2.Competitive Ecosystem

8.2.1.Platform Manufacturers

8.2.2.Subsystem Manufacturers

8.2.3.Service Providers

8.2.4.Software Providers

8.3.Company Share Analysis

8.4.Company Benchmarking Matrix

8.4.1.Strategic Overview

8.4.2.Product Innovations

8.5.Start-up Ecosystem

8.6.Strategic Competitive Insights/ Customer Imperatives

8.7.ESG Matrix/ Sustainability Matrix

8.8.Manufacturing Network

8.8.1.Locations

8.8.2.Supply Chain and Logistics

8.8.3.Product Flexibility/Customization

8.8.4.Digital Transformation and Connectivity

8.8.5.Environmental and Regulatory Compliance

8.9.Technology Readiness Level Matrix

8.10.Technology Maturity Curve

8.11.Buying Criteria

9.Company Profiles

9.1.Uber

9.1.1.Company Overview

9.1.2.Company Financials

9.1.3.Product/Service Portfolio

9.1.4.Recent Developments

9.1.5.IMR Analysis

      *Similar information will be provided for other companies 

9.2.MaaS Global

9.3.Skedgo

9.4.Citymapper  

9.5.Moovit

9.6.LYFT

9.7.FOD Mobility

9.8.Splyt Technologies

9.9.Qixxit

9.10.Communauto

10.Appendix

A comprehensive market research approach was employed to gather and analyze data on the Mobility as a Service Market. In the process, the analysis was also done to estimate the parent market and relevant adjacencies to major the impact of them on the mobility as a service Market. The research methodology encompassed both secondary and primary research techniques, ensuring the accuracy and credibility of the findings.

Research Approach - Mobility as a Service Market

Secondary Research

Secondary research involved a thorough review of pertinent industry reports, journals, articles, and publications. Additionally, annual reports, press releases, and investor presentations of industry players were scrutinized to gain insights into their market positioning and strategies.

Primary Research

Primary research involved conducting in-depth interviews with industry experts, stakeholders, and market participants across the mobility as a service ecosystem. The primary research objectives included:

  • Validating findings and assumptions derived from secondary research
  • Gathering qualitative and quantitative data on market trends, drivers, and challenges
  • Understanding the demand-side dynamics, encompassing end-users, component manufacturers, facility providers, and service providers
  • Assessing the supply-side landscape, including technological advancements and recent developments

Market Size Estimation

A combination of top-down and bottom-up approaches was utilized to estimate the overall size of the mobility as a service market. These methods were also employed to estimate the size of various subsegments within the market. The market size estimation methodology encompassed the following steps:

  1. Identification of key industry players and relevant revenues through extensive secondary research
  2. Determination of the industry's supply chain and market size, in terms of value, through primary and secondary research processes
  3. Calculation of percentage shares, splits, and breakdowns using secondary sources and verification through primary sources

Bottom Up and Top Down - Mobility as a Service Market

Data Triangulation

To ensure the accuracy and reliability of the market size estimates, data triangulation was implemented. This involved cross-referencing data from various sources, including demand and supply side factors, market trends, and expert opinions. Additionally, top-down and bottom-up approaches were employed to validate the market size estimates.

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