Market Insights
"The global Mobility as a Service (MaaS) market size was US$ 128.5 billion in 2023 and is likely to grow at a robust CAGR of 25.1% in the long run to reach US$ 750.1 billion in 2032."
Market Dynamics
Introduction
Mobility as a Service (MaaS) is revolutionizing the transportation industry by integrating various modes of transport into a single, user-friendly platform. This innovative approach aims to provide seamless, efficient, and sustainable mobility solutions, reducing the reliance on private car ownership. MaaS platforms enable users to plan, book, and pay for multiple transportation services through a single app, offering a more convenient and flexible travel experience.
Recent Market JVs and Acquisition:
A considerable number of strategic alliances, including M&As, JVs, etc., have been performed over the past few years:
- In February 2024, Uber and Lime entered a strategic partnership to integrate bike-sharing and ride-hailing services into a unified MaaS platform.
- In January 2024, BlaBlaCar and Moovit announced a joint venture to expand their MaaS offerings across Europe and Asia.
Recent Product Development
- Whim (by MaaS Global) launched a new subscription-based MaaS model in 2023, offering unlimited access to public transport, ride-hailing, and bike-sharing services for a fixed monthly fee.
- Citymapper introduced a new feature in its app that integrates real-time traffic data and AI-based route optimization for MaaS users.
Segment Analysis
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Segmentations
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List of Sub-Segments
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Segments with High-Growth Opportunity
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Service-Type Analysis
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Ride-Hailing, Car Sharing, Bike Sharing, Bus Sharing, Others
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Ride-hailing dominates due to convenience; Bike Sharing grows fastest with eco-friendly urban policies.
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Application Analysis
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Personal, Commercial
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Commercial applications surge due to corporate adoption for employee commuting and logistics.
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Transportation-Type Analysis
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Public, Private
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Public Transportation leads with government subsidies; Private grows via ride-hailing dominance.
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Business Model Analysis
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B2B, B2C, P2P
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B2C dominates for individual users; B2B accelerates with fleet management solutions.
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Region Analysis
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North America, Europe, Asia-Pacific, RoW
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Europe leads with strong MaaS policies; Asia-Pacific grows fastest due to smart city initiatives.
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By Service Type
"Ride-hailing is expected to remain dominant, whereas Bike-Sharing will be the fastest-growing service type in the market during the forecast period."
The global Mobility as a Service (MaaS) market is segmented into ride-hailing, car-sharing, bike-sharing, public transport, and others. Ride-hailing is expected to remain dominant, whereas bike-sharing will be the fastest-growing service type in the market during the forecast period.
The dominance of ride-hailing is primarily due to the widespread adoption of services like Uber and Lyft, which have revolutionized urban mobility. On the other hand, bike-sharing is gaining traction due to increasing environmental concerns and the need for sustainable transport solutions.
By Application
"Business applications are expected to grow at a significant rate due to increasing corporate travel solutions."
The market is segmented into personal and business applications. Business applications are expected to grow at a significant rate due to the increasing adoption of corporate travel solutions. Companies are increasingly integrating MaaS platforms to streamline employee travel, reduce costs, and improve efficiency.
Regional Analysis
"North America is expected to remain the largest market for global Mobility as a Service (MaaS) during the forecast period."
In terms of regions, North America is expected to remain the largest market for global Mobility as a Service (MaaS) during the forecast period. The region's dominant position is significantly bolstered by several key factors, including technological advancements, high smartphone penetration, and the presence of major MaaS providers.
Asia-Pacific, mainly driven by rapid urbanization and increasing smartphone penetration, is expected to grow at the fastest rate during the forecast period.
Key Players
The market is highly fragmented, with over 500 players. Most of the major players compete in some of the governing factors, including price, service offerings, regional presence, etc. The following are the key players in the global Mobility as a Service (MaaS) market. Some of the major players provide a complete range of services, including ride-hailing, car-sharing, and bike-sharing. Here is the list of the Top Players (Based on Dominance)
- Uber Technologies Inc.
- Lyft Inc.
- BlaBlaCar
- Moovit
- Whim (by MaaS Global)
- Citymapper
- SkedGo
- Transit App
- Ola Cabs
- Grab
Note: The above list does not necessarily include all the top players in the market.
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Report Features
- This report provides market intelligence most comprehensively. The report structure has been kept so that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:
- Market structure: Overview, industry life cycle analysis, supply chain analysis.
- Market environment analysis: Growth drivers and constraints, Porter's five forces analysis, SWOT analysis.
- Market trend and forecast analysis.
- Market segment trend and forecast.
- Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
- COVID-19 impact and its recovery curve
- Attractive market segments and associated growth opportunities.
- Emerging trends.
- Strategic growth opportunities for the existing and new players.
- Key success factors.
The global Mobility as a Service (MaaS) market is segmented into the following categories.
Mobility as a Service (MaaS) Market, by Service Type
- Ride-Hailing (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Car-Sharing (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Bike-Sharing (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Public Transport (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Mobility as a Service (MaaS) Market by Application
- Personal (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Business (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Mobility as a Service (MaaS) Market by Region
- North America (Country Analysis: The USA, Canada, and Mexico)
- Europe (Country Analysis: Germany, France, The UK, Russia, and the Rest of Europe)
- Asia-Pacific (Country Analysis: Japan, China, India, and Rest of Asia-Pacific)
- Rest of the World (Country Analysis: Brazil, Saudi Arabia, and Others)
Research Methodology
- This strategic assessment report from ABC Research provides a comprehensive analysis that reflects today's global Mobility as a Service (MaaS) market realities and future market possibilities for the forecast period.
- The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market.
- The vital data/information provided in the report can play a crucial role for market participants and investors in identifying the low-hanging fruit available in the market and formulating growth strategies to expedite their growth process.
- This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with ABC Research's internal database and statistical tools.
- More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
- We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
Customization Options
With this detailed report, Stratview Research offers one of the following free customization options to our respected clients:
Company Profiling
- Detailed profiling of additional market players (up to three players)
- SWOT analysis of key players (up to three players)
Competitive Benchmarking
- Benchmarking of key players on the following parameters: Service portfolio, geographical reach, regional presence, and strategic alliances
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