Mobility as a Service Market Size

Mobility as a Service Market Insights

Global Mobility as a Service Market size was valued at USD 220.37 Billion in 2023 and is poised to grow from USD 258.05 Billion in 2024 to USD 912.34 Billion by 2032, growing at a CAGR of 17.10% in the forecast period (2025-2032).

The popularity of mobility as a service is increasing due to the growing usage of subscription vehicle services. These models are creating an adaptive and effective mode of transport and therefore expanding the market of mobility as a service. In addition, users are able to rent personal transport like cars or motorcycles and also use public transport such as buses or trains. Moreover, a cost-efficient and convenient transit approach encourages users to embrace mobility as a service platform for transportation services. With the help of subscription services, mobility as a service platform is streamlining vehicle access, thus driving the transition to more integrated and eco-friendly urban mobility solutions.

The growing prevalence of migration to metropolitan areas has resulted in increasing the need for improved transportation facilities, which is increasing the utilization of mobility as a service. Mobility as a service is enabled with the help of digital applications offering trip planning, booking, and payment options. Moreover, the possibilities of mobility as a service platform to provide information such as route options, schedules, delays, and the status of available means of transport are extremely helpful to the users. Furthermore, mobility as a service allows us to use enhanced payment and ticketing systems where customers can make different types of transport payments on one platform. The upgraded infrastructure enables the use of different payment methods, QR codes, and digital tickets making it easy for users to pay for services. Technological changes are critical in shifting the use of mobility as a service for travel agencies and local authorities as they can incorporate mobility as a service into their services. This will improve the efficiency of the operations and offer additional value-added features in the form of multimodal services which increases customer satisfaction and loyalty in the agency.

FAQs

The mobility as a service industry is characterized by high growth potential and profitable opportunities. There is stiff market competition, as both established companies and start-ups are actively pursuing strategic moves to capture a variety of market segments. Some of the most widespread strategic initiatives employed by market players are partnerships, collaboration, mergers and acquisitions. In addition, the companies also seek to differentiate their products by introducing new offerings and capabilities to attract more customers. Major companies which are trying to change the landscape of transport systems focus on technologies, transport and digital platforms to develop integrated MaaS services for users with personalized mobility needs. 'Citymapper', 'Communauto Inc.', 'DiDi Chuxing Technology Co.', 'Europcar Mobility Group', 'Gett Inc.', 'Lyft Inc.', 'Moovit Inc. (Mobileye Global Inc.)', 'Ola Cabs (ANI Technologies Private Limited)', 'Shuttl (Super Highway Labs Pvt. Ltd.)', 'SkedGo Pty Ltd', 'Splyt Technologies Ltd.', 'Uber Technologies Inc.'

The increasing emphasis on digitalization and introduction of digital payment systems has become one of the significant factors for the growth of global mobility as a service market. With the growing penetration of technology into various industries and services, clients are eager to utilize digital platforms for everything, including their way of travelling. This is changing the mobility environment and boosting the use of MaaS solutions around the globe. The ease and speed that these digital platforms provide in the planning, booking and payment processes of transport services is increasing its popularity among customers.

Increasing Usage of Fleet Electrification: The conventional vehicles cause a high amount of carbon emission due to which governments worldwide are imposing stringent emission norms to curb rising pollution. Therefore, to reduce carbon emissions and expand business in economies with stringent emission norms, various leading mobility-as-a-service providers are transforming their fleets to electric to offer clean future mobility solutions for the urban populace.

Europe is dominating with the largest mobility as a service market share. The growth of Europe is significantly influenced by its growing focus on sustainability. The addition of electric vehicles, a bike-sharing program, and public transport into a mobility as a service approach fits perfectly into the commitment aimed at lowering emissions and enhancing transport systems. Furthermore, the legal and regulatory environment is stable and conducive to new technologies developing. The laws provide a regulatory framework for ensuring open access to data, competition, and the connectivity of public transport which enhances the growth of the mobile as a service market in Europe.