USD 3.27 Billion
Report ID: SQSG45F2007 | Region: Global | Published Date: December, 2022 | Pages: 165 | Tables: 64 | Figures: 66
Mobility as a Service (MaaS) Market Size was valued at USD 3.27 Billion in 2021, and it is expected to reach a value of USD 22.18 Billion by 2028, at a CAGR of 31.45% over the forecast period (2022 - 2028).
The transportation industry contributes significantly to global air pollution. Globally, rising air pollution caused by high automotive traffic is necessitating the use of an alternate mode of transportation. Over the projected period, the Mobility as a Service (MaaS) Market is likely to be driven by the increased popularity and adoption of shared mobility. Automobile sharing is seen as a cost-effective alternative to car ownership since it saves consumers' maintenance and fuel costs; it also contributes to lower levels of air pollution. Furthermore, rising consumer disposable income and increased investment in transportation infrastructure are supporting mobility as a service sector.
Various government initiatives in emerging nations to promote the use of mobility as a service are proving advantageous to the transportation industry. For example, the European Union Commission and government organizations such as CERRE offer incentives to car owners in order to stimulate the use of ride-hailing services. Another element propelling the industry is the increased usage of e-bike sharing by everyday office commuters, which saves time and helps to cut emissions created by traditional taxis.
US Mobility As A Service Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 3.27 Billion
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The Global Mobility as a Service (MaaS) Market segmentation is based on Type, Application, and Region. Based on the Type, the Global Mobility as a Service (MaaS) Market is segmented as Ride-Hailing, Car Sharing, Taxi Services, and Others. Based on the Application, the Global Mobility as a Service (MaaS) Market is segmented as IOS, Android, and Others. Based on Region Mobility as a Service (MaaS) Market is categorized into North America, Europe, Asia-Pacific, South America, and MEA.
Mobility as a Service (MaaS) Market Analysis by Type
The ride-hailing segment is expected to dominate the Mobility as a Service (MaaS) market share over the forecast period since it provides a variety of payment options. During the projected period, the ride-hailing sector is expected to dominate the market. One of the primary factors driving demand for the ride-hailing Mobility as a Service (MaaS) Market is the variety of booking options and convenience provided by ride-hailing services. One of the factors propelling the industry is the ease with which ride-hailing services provide pick-up and drop-off services as compared to traditional taxis.
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The Global Mobility as a Service (MaaS) Market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. During the projection period, Asia-Pacific is likely to dominate the market. One of the key reasons that the Asia Pacific is likely to continue leading the Mobility as a Service (MaaS) market value in the forecast period is the rising cost of car ownership and rising fuel costs, particularly in countries such as India and China. One of the factors driving the rise of Mobility as a Service in this region is a lack of public transit to meet the region's constantly rising population.
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Mobility as a Service (MaaS) Market Driver
Mobility as a Service (MaaS) Market Restraint
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Uber remains the Mobility as a Service (MaaS) Market leader in worldwide mobility as a service. Uber's global market position has been improved by recent inventions such as Uber Freight, Jump, and Transit. The company's supremacy is due to the ease of payment alternatives, precautions made to safeguard users' data, and technical developments.
Mobility as a Service (MaaS) Market Top Player’s Company Profiles
Mobility as a Service (MaaS) Market Recent Development
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our Analysis, among the type, the Ride-Hailings segment of the Global Mobility as a Service (MaaS) industry is projected to hold a significant share. While, among the application analysis, the iOS’s segment of the Global Mobility as a Service (MaaS) Market is projected to hold a significant share.
|Market size value in 2021||USD 3.27 Billion|
|Market size value in 2028||USD 22.18 Billion|
|Forecast period||2022 - 2028|
|Forecast Unit (Value)||USD Billion|
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
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Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global Mobility As A Service (MaaS) Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Mobility As A Service (MaaS) Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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Product ID: SQSG45F2007