Mobility as a Service (MaaS) Market – Trends Forecast Till 2030

Market Snapshot

Market Overview

The global Mobility as a Service Market size is projected to reach a CAGR of 31.2% from 2023-2030.

Mobility as a service integrates various forms of transportation services. It allows a variety of transportation services access, including public transport, ride-share, and rental.

The transportation sector holds a substantial share in contributing to air pollution worldwide. Increasing air pollution globally owing to heavy vehicular traffic is, in turn, creating a need for an alternative form of transportation. The rising popularity and adoption of shared mobility are expected to drive market growth over the forecast period. Car sharing is considered to be a cost-effective alternative to car ownership as it reduces the maintenance and fuel cost of consumers and also helps to reduce the air pollution level. Additionally, an increasing disposable income of consumers and rising investments in transportation infrastructure are fuelling the growth of the market. In developing countries, various initiatives taken by governments initiatives to promote the use of Mobility as a Service (MaaS) are beneficial for the transportation industry. Further, increasing the use of e-bike sharing by daily office commuters is also another factor driving the market as this saves a lot of time and helps to reduce the emissions caused by conventional taxis.

On the other hand, low internet penetration across some developing and underdeveloped economies is anticipated to restrain the growth of the market during the forecast period. Additionally, increasing data privacy and security-related concerns among the populace regarding the use of ride-share or ride-hailing apps and services is likely to hamper the market growth in the near future.

The lockdown and economic crisis induced by the COVID-19 pandemic have severely impacted various mobility service providers. Many service providers have experienced significant resource bottlenecks in the global supply and logistics chains in the year that had a perceptibly negative effect on their businesses. With the spread of the pandemic, countries worldwide implemented social distancing, contact tracing, self-quarantining, testing, and other norms to prevent the further spread. This resulted in massive ride drops for companies such as Uber and Lyft.

Delvens Industry Expert's Standpoint

The Mobility as a Service (MaaS) Market has witnessed significant growth in recent years, and this trend is expected to continue in the coming years. The demand for sustainable transportation solutions and the increasing adoption of smartphones and other mobile devices have contributed to the growth of the MaaS market.

The MaaS market provides users with a seamless, integrated, and personalized transportation experience that includes multiple modes of transportation such as public transit, ride-hailing, bike-sharing, and car-sharing. This has made it easier for people to plan and pay for their transportation needs, which in turn has led to reduced congestion, improved mobility, and decreased emissions.

Moreover, the MaaS market has also created new business opportunities for transportation providers, technology companies, and other stakeholders. However, the market still faces challenges such as regulatory issues, interoperability, and data privacy concerns. Addressing these challenges will be critical for the sustainable growth of the MaaS market.

Market Portfolio

Key Findings

• The service type segment is further fragmented into Ride-Hailing, Car Sharing, micro mobility, Bus Sharing, and Train Services. The ride-hailing segment is estimated to lead the mobility as a service market during the forecast period. The growth is due to its global acceptance at all levels — from personal use to enterprise use due to its ease of booking and the comfort it provides. Factors such as ease of booking, increasing traffic congestion, passenger comfort & convenience, and government initiatives to increase awareness among people regarding air pollution are boosting the demand for ride-sharing, predominantly e-hailing.

• The operating system segment is further segmented into Android, iOS, and Others (Linux, Symbian OS, Blackberry OS, Windows, and KaiOS). Android segment to register the highest CAGR and maintain its dominance during the forecast period. The share of the market is larger in North America and Europe, where the use of iOS is on the higher side. However, with the growth of the market in Asia Oceania, and RoW, the growth of Android applications will be predominant. Furthermore, the growth of Android OS is expected to be driven by more usage of Samsung and LG smartphones in Latin America. Hence, the market for Android will register the fastest growth and the largest share during the forecast period.

• The transportation type segment is bifurcated into Public and Private. The private segment is anticipated to dominate the market during the forecast period. The growing need for personal mobility in the wake of rising urbanization and the fall in car ownership are the major factors contributing to the growth of the private transportation segment in the mobility as a service market. In the future, mobility as a service could make it unnecessary for a city resident to own a private car, and hence, the use of private transportation services will show significant growth.
   
• The market is also divided into various regions such as North America, Europe, Asia-Pacific, South America, and Middle East and Africa. Asia Pacific is projected to be the largest mobility as a service market during the forecast period. A high population growth rate and increasing urbanization in the region have intensified the need for efficient transportation. Developing countries in the Asia Pacific are expected to experience significant growth in urban transportation with many countries in the region shifting their focus toward smart personal mobility to reduce travel time and congestion.

Regional Analysis

Asia Pacific to Dominate the Market

• Asia Pacific is projected to be the largest mobility as a service market during the forecast period.
   
• A high population growth rate and increasing urbanization in the region have intensified the need for efficient transportation. Developing countries in the Asia Pacific is expected to experience significant growth in urban transportation with many countries in the region shifting their focus toward smart personal mobility to reduce travel time and congestion.

Competitive Landscape

• Lyft, Inc.
• Moovit, Inc.
• Uber Technologies, Inc
• Communauto, Inc
• Citymapper, Ltd
• MaaS Global Oy
• uBIgO Innovation AB
• SkedGo Pty, Ltd.
• Moovel Group GmbH

Recent Developments

• February 2022: Uber announced the expansion of its offering to include a B2B service called “Uber Bus for Business” as a global first from Egypt. The service offers companies a tailored transport program for the everyday commute of their staff. The service also addresses Cairo’s congestion challenge by reducing traffic on the street.
   
• May 2021: Uber announced a strategic partnership with Arrival, the global technology company creating electric vehicles. Uber entered into the partnership to develop and deploy an electric fleet on its ride-hailing platform. This will also support Uber’s plan to become a fully emission-free platform by 2040.

Reasons to Acquire

• Increase your understanding of the market for identifying the best and most suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends, and factors.
   
• Gain authentic and granular data access for Mobility as a Service Market so as to understand the trends and the factors involved in changing market situations.
   
• Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future.
   
• In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns.

Report Scope