Growing trending Activities Fuel Demand in the Mobility as a Service (MaaS) Market Forecast 2028

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.

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Sep 10, 2024 - 12:49
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Growing trending Activities Fuel Demand in the Mobility as a Service (MaaS) Market Forecast 2028

Global Mobility as a Service (MaaS) Market Overview:

According to MarkNtel Advisors study 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. 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.

Key Findings of the Study: Mobility as a Service (MaaS) market

Key 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.

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Scope of the Mobility as a Service (MaaS) Market Report Segmentation

-By Services

  • Ride
  • Vehicle Sharing
  • Public Transport

-By Solution

  • Technology Platforms
  • Payment Engines
  • Navigation Solutions
  • Telecom Connectivity
  • Ticketing Solutions
  • Insurance Services

-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)

For more detailed information about the Mobility as a Service (MaaS) market report, click here – https://www.marknteladvisors.com/research-library/global-mobility-as-a-service-market.html

Geographical analysis:

-By Region

  • North America
  • South America
  • Asia-Pacific
  • Europe, Middle East & Africa

Of all regions globally, Asia-Pacific is expected to attain a prominent share of the Mobility as a Service Market during 2023-28. It owes primarily to the rapidly rising vehicle ownership costs, rapid urbanization, the high population growth rate, and increasing fuel prices, especially in India & China, i.e., accelerating the need for an efficient transportation system. More & more people in these two countries are adopting smart mobility solutions to reduce travel time & congestion. Governments are increasingly spending on smart city developments & improving 5G infrastructure.

Recent Developments in the Global Mobility as a Service Market

  • 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.
  • The same year on 22 February, Uber rolled out its latest B2B service, Uber Bus For Business, in Egypt, which would provide enterprises with tailored transport programs for the daily commute of their employees.

Current Landscape of Mobility as a Service (MaaS) Market

The report delineates key market participants and thoroughly assesses their strategic approaches, trends, innovations, and manufacturing infrastructure, enabling a forecast of their market impact over the next five years. The meticulously researched data presented holds the potential to distinguish even nascent market entrants in the long term. Armed with pertinent data and actionable insights, our research report delivers a comprehensive overview of the market, empowering investors and stakeholders to establish a robust presence in the Mobility as a Service (MaaS) market. The research report profiles major players, including

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  • 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

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