Global Mobility as a Service (MaaS) Market, By Service Type (Car Sharing, Bus Sharing, Train, Ride Hailing, Bi-Cycle Sharing, Self-Driving Cars and Others), Solution (Navigation Solutions, Ticketing Solutions, Technology Platforms, Insurance Services, Telecom Connectivity Providers and Payment Engines), Transportation Type (Public and Private), Vehicle Type (Four Wheelers, Bus, Train and Micro Mobility), Application Platform (IOS, Android and Others), Requirement Type (First and Last Mile Connectivity, Off-Peak and Shift Work Commute, Daily Commuter, Airport or Mass Transit Stations Trips, Inter-City Trips and Others), Organization Size (Large Enterprises and Small and Medium Size Enterprises (SMES)), Usage (Commercial and Personal) – Industry Trends and Forecast to 2029.
Mobility as a Service (MaaS) Market Analysis and Size
Mobility, as a term, refers to movement and includes various modes of transportation as well as the improvement of mobility services through the adaptation of technology with emerging developed countries across various regions. Focusing on the development of smart cities with low carbon dioxide emissions and reduced pollution in the region. Mobility services such as Ola, Uber, Zip Car, and others aided in the growth of the mobility market.
Data Bridge Market Research analyses that the mobility as a service (MaaS) market was valued at USD 93.72 billion in 2021 and is expected to reach the value of USD 951.23 billion by 2029, at a CAGR of 33.6% during the forecast period. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Mobility as a Service (MaaS) Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD billion, Volumes in Units, Pricing in USD
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Segments Covered
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Service Type (Car Sharing, Bus Sharing, Train, Ride Hailing, Bi-Cycle Sharing, Self-Driving Cars and Others), Solution (Navigation Solutions, Ticketing Solutions, Technology Platforms, Insurance Services, Telecom Connectivity Providers and Payment Engines), Transportation Type (Public and Private), Vehicle Type (Four Wheelers, Bus, Train and Micro Mobility), Application Platform (IOS, Android and Others), Requirement Type (First and Last Mile Connectivity, Off-Peak and Shift Work Commute, Daily Commuter, Airport or Mass Transit Stations Trips, Inter-City Trips and Others), Organization Size (Large Enterprises and Small and Medium Size Enterprises (SMES)), Usage (Commercial and Personal)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Global (MEA) as a part of Global (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Avis budget group (U.S.), car2go NA, LLC (U.S.), Beijing Xiaoju Technology Co, Ltd. (China), Mobiag (Portugal), movmi Shared Transportation Services Inc. (Canada), Uber Technologies Inc. (U.S.), ANI Technologies Pvt. Ltd. (India), Lyft, Inc. (U.S.), Careem (UAE), Bolt Technology OÜ (Estonia), Gett (U.K.), HERTZ SYSTEM, INC. (U.S.), Aptiv (Ireland), Enterprise Holdings Inc. (U.S.), MOBIKO (Germany), Europcar (France), Curb Mobility (U.S.), BlaBlaCar (France), and Wingz (U.S.)
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Market Opportunities
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Market Definition
Mobility as a service is a consumer-centric model for providing people with transportation. The service refers to the integration of transportation methods such as car and bike sharing, taxis, and car rentals/lease through digital channels, allowing consumers to plan, book, and pay for a variety of mobility services. The main idea behind developing MaaS is to provide travellers with mobility solutions based on their travel requirements.
Global Mobility as a Service (MaaS) Market Dynamics
Drivers
- Government support
Support from various governments across the regions in developing and introducing passenger vehicles and electric passenger vehicles, such as buses, has improved transportation modes while also developing charging infrastructure for electric vehicles and investing in providence. This contributes to the market's rapid growth.
- Increased convenience
Modes of transportation such as bike sharing, car sharing, ride sharing, bike commuting, trains, and passenger vehicles have increased. Wireless connections with improved internet connectivity 5G and 4G LTE connection with high internet speed and wireless communication with the driver over telecom with the use of smart phones have increased the market of mobility as a service.
- Transport solutions
Increased modes of transportation with improved solutions such as traffic management, parking management, mobility management, less emission which resulted in green cities and the development of smart cities, lower costs, and fewer accidents have increased the market rate.
Opportunities
- High prevalence of electric vehicles
The rise of electric vehicles for more comfortable and environmentally friendly transportation at a lower cost is opening up new opportunities for the mobility as a service market.
Restraints
- Regulatory standards and lack of awarenss
Market participants must meet the regulatory standards of each country in which they sell their products, which limits the growth of the mobility as a service market. The lack of understanding about the lifetime costs of private vehicles and service owners will be a significant challenge for the mobility as a service market.
This mobility as a service (MaaS) market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the mobility as a service (MaaS) market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Mobility as a Service (MaaS) Market
The pandemic has prevented crowds and restricted global movement. Because of the health crisis, the automotive industry, like any other critical industry, has seen a sharp decline. The growing health concerns caused by the pandemic have increased the fear of disease spread in several countries. As a result, many people have reduced their use of the services. In the majority of countries, public transportation has ceased to exist. Working from home has reduced overall transportation services. These factors have harmed the market value of mobility as a service in recent years. The unavailability of drivers for infected people, public fear, and the cost of sanitation are some of the factors influencing the mobility as a service market.
Recent Development
- In April 2019 Mobilleo introduced a hailing ride transportation option that can connect wirelessly for contacting nearby car or taxi ride services. Collaboration with multiple services and the ability to connect globally from anywhere for mobility services such as ride hailing.
- In May 2020 Mobility as a service will be available. Global Oy collaborated with Finland's largest, Enfuce, to launch a new payment mode, introducing card payments via a mobility app. The collaboration resulted in creation master card prepaid cards and the market for mobility as a service.
Global Mobility as a Service (MaaS) Market Scope
The mobility as a service (MaaS) market is segmented on the basis of service type, solution, transportation type, vehicle type, application platform, requirement type, organization size and usage. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Service type
- Car Sharing
- Bus Sharing
- Train
- Ride Hailing
- Bi-Cycle Sharing
- Self-Driving Cars
- Others
Solution
- Navigation Solutions
- Ticketing Solutions
- Technology Platforms
- Insurance Services
- Telecom Connectivity Providers
- Payment Engines
Transportation type
- Public
- Private
Vehicle type
- Four Wheelers
- Bus
- Train
- Micro Mobility
Application platform
- IOS
- Android
- Others
Requirement Type
- First and Last Mile Connectivity
- Off-Peak and Shift Work Commute
- Daily Commuter
- Airport or Mass Transit Stations Trips
- Inter-City Trips
- Others
Organization Size
- Small and Medium Enterprises (SMEs)
- Large Enterprises
Usage
- Commercial
- Personal
Mobility as a Service (MaaS) Market Regional Analysis/Insights
The mobility as a service (MaaS) market is analyzed and market size insights and trends are provided by country, service type, solution, transportation type, vehicle type, application platform, requirement type, organization size and usage as referenced above.
The countries covered in the mobility as a service (MaaS) market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Global (MEA) as a part of Global (MEA), Brazil, Argentina and Rest of South America as part of South America.
China dominates the Asia-Pacific mobility as a service market because of the presence of top mobility as a service (MaaS) providers and the region's high adoption rate of IoT devices for the public.
The expansion of the enterprise sector, internet penetration, and mobile devices for the public sector in the United States is contributing to the country's growth in the North America mobility as a service market.
However, Germany has a growing demand for mobility as a service (MaaS) among business organisations in order to comply with stringent European government regulations regarding emission control for public transportation, which is contributing to the country's growth in the Europe mobility as a service market.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Mobility as a Service MaaS) Market Share Analysis
The mobility as a service (MaaS) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to mobility as a service (MaaS) market.
Some of the major players operating in the mobility as a service (MaaS) market are:
- Avis budget group (U.S.)
- car2go NA, LLC (U.S.)
- Beijing Xiaoju Technology Co, Ltd. (China)
- Mobiag (Portugal)
- movmi Shared Transportation Services Inc. (Canada)
- Uber Technologies Inc. (U.S.)
- ANI Technologies Pvt. Ltd. (India)
- Lyft, Inc. (U.S.)
- Careem (UAE)
- Bolt Technology OÜ (Estonia)
- Gett (U.K.)
- HERTZ SYSTEM, INC. (U.S.)
- Aptiv (Ireland)
- Enterprise Holdings Inc. (U.S.)
- MOBIKO (Germany)
- Europcar (France)
- Curb Mobility (U.S.)
- BlaBlaCar (France)
- Wingz (U.S.)
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