What is the global market size of Global Mobility As A Service (MaaS) Market?

Global Mobility As A Service (MaaS) Market size was valued at USD 3.3 billion in 2021 and is poised to grow from USD 4.36 billion in 2022 to USD 53.81 billion by 2030, growing at a CAGR of 32.2% in the forecast period (2023-2030).

Global Mobility As A Service (MaaS) Market Size, Share, Growth Analysis, By Type(Ride-Hailing, Car Sharing), By Application(IOS, Android) - Industry Forecast 2024-2031

Q: Who are the key vendors in the Global Global Mobility As A Service (MaaS) Market?

https://res.cloudinary.com/devmoveo/image/upload/v1705314153/skyquest/report/phpeQ2Cui.jpgUber 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. 'Uber Technologies Inc', 'Citymapper', 'Lyft, Inc.', 'Didi Chuxing Technology Co., Ltd.', 'BlaBlaCar', 'Ola Cabs', 'Gett, Inc.', 'Grab Holdings Inc.', 'Careem Networks FZ-LLC', 'Taxify OÜ', 'Moovel Group GmbH', 'DiDi Express', 'Transit App, Inc.', 'SkedGo Pty Ltd', 'Lime (Neutron Holdings Inc.)', 'Bird Rides Inc.', 'Spin (Ford Motor Company)', 'JUMP Bikes (Uber Technologies, Inc.)', 'Zipcar (Avis Budget Group, Inc.)', 'Car2Go (Daimler AG)'.

Report ID: SQMIG45F2137 | Region: Global | Published Date: February, 2024
Pages: 165 | Tables: 64 | Figures: 75

Global Mobility As A Service (MaaS) Market Insights

Global Mobility As A Service (MaaS) Market size was valued at USD 3.3 billion in 2019 and is poised to grow from USD 4.36 billion in 2023 to USD 53.81 billion by 2031, growing at a CAGR of 32.2% in the forecast period (2024-2031).

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 Mobility As A Service (MaaS) Market Report Snapshots

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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. 'Uber Technologies Inc', 'Citymapper', 'Lyft, Inc.', 'Didi Chuxing Technology Co., Ltd.', 'BlaBlaCar', 'Ola Cabs', 'Gett, Inc.', 'Grab Holdings Inc.', 'Careem Networks FZ-LLC', 'Taxify OÜ', 'Moovel Group GmbH', 'DiDi Express', 'Transit App, Inc.', 'SkedGo Pty Ltd', 'Lime (Neutron Holdings Inc.)', 'Bird Rides Inc.', 'Spin (Ford Motor Company)', 'JUMP Bikes (Uber Technologies, Inc.)', 'Zipcar (Avis Budget Group, Inc.)', 'Car2Go (Daimler AG)'

The major Mobility as a Service (MaaS) driver is governments all across the world are taking steps to encourage digital payments. The Indian government, for example, created the Digital-India programme, which aims to promote cashless transactions and digital payment systems throughout the country. The industry is being driven by the increasing number of e-commerce enterprises and the expanding use of e-wallets for transactional purposes. During the forecast period, the Mobility as a Service (MaaS) Market is also projected to be driven by the development of highly secure and safe payment gateways.

The growing interest of power companies in the car-sharing market has resulted in a significant Mobility as a Service (MaaS) Market trend. Because traditional cars emit a large quantity of pollution, governments in developing nations have enforced tough emission standards in order to reduce growing pollution. Many large firms, mostly mobility as a service providers, are establishing a foothold in the transportation industry, which is projected to increase their worldwide market position.

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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Global Mobility As A Service (MaaS) Market Size, Share, Growth Analysis, By Type(Ride-Hailing, Car Sharing), By Application(IOS, Android) - Industry Forecast 2024-2031

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