The Mobility as a Service (MaaS) market is revolutionising the transportation sector by integrating various forms of transport services into a single accessible platform. With the increasing demand for seamless, flexible, and sustainable travel options, MaaS is expected to reshape how people and goods move in urban environments. By providing integrated solutions that combine ride-sharing, public transit, car rentals, and other mobility services, MaaS is gaining momentum globally, facilitating greater ease of use and more sustainable transportation options.
Mobility as a Service Market Size
The Mobility as a Service market was valued at approximately USD 221.33 billion in 2023. As cities adopt more sustainable transport solutions, the MaaS market is poised for rapid growth. By 2032, the market is expected to reach USD 945.72 billion, reflecting a robust CAGR of 17.50% from 2024 to 2032. This growth is driven by the increasing urbanisation, the rise of electric vehicles (EVs), and advancements in digital platforms that make MaaS services more accessible and reliable.
Mobility as a Service Market Trends
Rise of Electric Vehicles (EVs): With the increasing shift towards eco-friendly transport solutions, MaaS is becoming more integrated with electric vehicle fleets, helping reduce carbon emissions.
Integration of Multiple Transport Modes: MaaS platforms are integrating a variety of transport modes such as ride-hailing, car rentals, and public transit into one seamless experience.
AI and Data Analytics: The use of Artificial Intelligence (AI) and data analytics allows for dynamic route planning, demand prediction, and efficient management of mobility fleets.
Partnerships and Collaborations: MaaS companies are forming strategic partnerships with local governments and private transport providers to expand their service offerings.
Mobility as a Service Market Segmentation
Service Type
Car Sharing
Micromobility
Ride Hailing
Bus Sharing
Train Services
Solution Type
Technology Platforms
Telecom Connectivity Providers
Ticketing Solutions
Payment Engines
Navigation Solutions
Insurance Services
Transportation Type
Public
Private
Vehicle Type
Four-Wheelers
Buses
Micromobility
Trains
Application
Personalised Application Services
Journey Management
Journey Planning
Flexible Payments and Transactions
Region
North America
Europe
Asia-Pacific
Rest of the World.
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Mobility as a Service Market Growth
Urbanisation: The rapid growth of cities and the increasing need for efficient public transport systems are driving MaaS adoption.
Technological Advancements: The development of mobile applications, AI, and IoT technologies are making MaaS solutions more viable and accessible for users globally.
Sustainability Focus: MaaS is aligned with the global push for sustainable transportation solutions, making it an attractive option for governments and consumers alike.
Cost Efficiency: MaaS provides a more cost-effective alternative to traditional vehicle ownership, which is appealing to consumers looking for cheaper and more convenient mobility solutions.
Mobility as a Service Market Forecast
The future of the MaaS market looks extremely promising. As digital platforms improve and urban transport needs evolve, the MaaS sector is expected to see a significant expansion in the coming years. By 2032, MaaS is expected to reach USD 945.72 billion, driven by high consumer demand for integrated mobility solutions and the growth of electric vehicles. The Asia-Pacific region, in particular, is anticipated to be a significant growth driver, with urbanisation and technological adoption playing key roles in boosting MaaS market growth.
Competitor Analysis
MaaS Global Ltd.: Known for its Whim app, MaaS Global Ltd. is one of the pioneers in the MaaS sector, offering a platform that integrates multiple transport modes.
Moovit App Global Ltd.: Acquired by Intel, Moovit is a leading provider of mobility solutions and public transit apps that integrate MaaS features across the globe.
Uber Technologies Inc.: Uber has expanded its services beyond ride-hailing, embracing MaaS by integrating various modes of transport, including bicycles and electric scooters, into its app.
SkedGo Pty Ltd.: SkedGo provides MaaS solutions and has partnered with numerous organisations to offer white-label MaaS platforms.
FOD Mobility UK Limited: FOD Mobility is known for offering an extensive MaaS solution for both urban and rural mobility, with an emphasis on accessibility and integration with public transport systems.
Others: Other players include Lyft, Bolt, and regional providers who are continually expanding their MaaS offerings to cater to diverse market needs.
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