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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Mobility as a Service Market Share
Ride hailing services hold a significant market share due to their widespread prevalence worldwide
According to the mobility as a service market research, ride hailing service types are expected to hold a sizable share of the market due to their widespread prevalence worldwide, versatility, and convenience. Benefits of ride-hailing services include easy booking, comfortable travel, flexibility in destination and timing, and compatibility with public transit.
Since ride hailing is an on-demand transportation service, consumers can book rides as and when needed, without need for waiting for scheduled timings or destinations. The demand for ride sharing is rising because of rising traffic congestion, easy booking, government attempts to raise awareness, and passenger comfort and convenience. As ride hailing services are now available in multiple countries, consumers are familiar with the operations and can seamlessly adjust to new providers, which can augment the mobility-as-a-service market value.
Technology platforms are gaining traction as they offer users a unified interface for planning, booking, and paying for their journey
As per mobility as a service market analysis, technology platforms serve as the backbone of MaaS solutions, providing the digital infrastructure for seamless access to transportation options. Companies like Moovit and MaaS Global leverage technology platforms to offer users a unified interface for planning, booking, and paying for their journeys across different modes of transport.
Ticketing solutions are essential components of MaaS platforms, enabling users to purchase tickets, access fare information, and manage their travel expenses efficiently. Companies offering ticketing solutions, like those integrated by HART mobile ticketing in partnership with Moovit, enhance the ease of access to public transportation and other mobility services.
Payment engines are critical for facilitating secure and convenient transactions within MaaS platforms. Collaborations between MaaS providers and payment engine providers, such as the introduction of master card prepaid cards by Global Oy, expand payment options and enhance user convenience.
Mobility as a Service Market Report Snapshots
Mobility as a Service Market Size
Mobility as a Service Market Growth
Mobility as a Service Market Trends
Mobility as a Service Market Share
Mobility as a Service Companies
Mobility as a Service Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global market for mobility as a service attained a value of nearly USD 221.33 billion.
The market is projected to grow at a CAGR of 17.50% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 945.72 billion by 2032.
The major drivers of the market include the growing investments in smart transportation infrastructure, increased digitalisation, proliferation of the large number of OEMs into the market, and rising congestion of urban roads.
Increase in the number of vehicles, rising number of initiatives by various governments, and expansion of modes of transportation are the key trends propelling the growth of the market.
Regions considered in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The various types of mobility as a service in the market are car sharing, micro mobility, ride hailing, bus sharing, and train services.
Digital platforms known as Mobility as a Service (MaaS) platforms enable complete trip planning, electronic ticketing, and payment services for all forms of public and private transportation.
MaaS providers are integrators of various modes of transportation and mobility that offer a unified platform for consumer convenience.
Key players in the market are MaaS Global Ltd., Moovit App Global Ltd., Uber Technologies Inc., SkedGo Pty Ltd, and FOD Mobility UK Limited, among others.
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