Category : Automotive, Transportation and Logistics | Published at : August-2020 | Delivery Format : PDF | Status: Published | Pages : 190
The market for mobility as a service is expected to grow at a CAGR of around 31.2% from 2020 to 2027 and expected to reach the market value of around US$ 326.5 Bn by 2027.
Mobility as a Service (MaaS) is a term used for the services that provide mobility solutions. It includes an application that provides access to mobility with a single payment channel instead of multiple ticketing and payment operations. It’s an alternative for personally-owned modes of transportation along with their issues like planning, parking, maintenance, and others.
Market Dynamics
The increasing heavy vehicular traffic along with the rising pollution across the globe is supporting market growth. The growing demand for on-demand transportation service, favorable government support for the development of MaaS, industry-friendly policies, integration of multi-layered service levels into one exclusive service package, and growth of public-private partnerships for service development are some of the major factors accelerating the market growth. Additionally, the emerging economies and ongoing infrastructural development are some of the factors projected to create demand over the forecast period from 2020 to 2027.
Ride-hailing segment accounted for the major share in the global market
In 2019, the Ride-hailing segment by service type registered maximum share in terms of value in the global market. Ride-hailing means the booking rides and paying for car services through a smartphone app with a transportation network company (TNC). The ease of booking and passenger comfort offered by ride-hailing is supporting the segmental market value.
The market research study on “Mobility as a Service Market– Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 – 2027”, offers a detailed insight into the global Mobility as a Service market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report provides insights into the global Mobility as a Service market, its service type, application OS, transportation type, vehicle type, and major geographic regions. The report covers basic development policies and layouts of technology development processes. Secondly, the report covers global Mobility as a Service market size and volume, and segment markets by service type, application OS, transportation type, vehicle type, and geography along with the information on companies operating in the market. The Mobility as a Service market analysis is provided for major regional markets including North America, Europe, Asia Pacific, Latin America and Middle East and Africa. For each region, the market size and volume for different segments have been covered under the scope of the report.
Asia Pacific accounted for the dominating share in the global market
In 2019, Asia Pacific has registered the maximum share (%) in global mobility as a service market. The rapid urbanization, increasing population, and increasing disposable income are some of the major factors accelerating the regional market growth. The major economies of the region including Japan, China, and India are accelerating the market value. The increasing environmental concern is further bolstering the market value. Additionally, the region is also projected to exhibit the fastest growth over the forecast timeframe from 2020 to 2027.
The players profiled in the report include Beeline Singapore, Citymapper (UK), Deutsche Bahn AG, DiDi Chuxing, MaaS Global Oy Mobilleo (England), Moovel Group, Moovit (Israel), SkedGo Pty Ltd, Uber Technologies Inc., UbiGo AB, and Whim (Finland).
Market Segmentation
Market By Service Type
Micro mobility
Bus sharing
Car sharing
Ride-hailing
Self-driving car service
Train service
Market By Application OS
Android
iOS
Others
Market By Transportation Type
Public
Private
Market By Vehicle Type
Micro mobility
Four wheelers
Bus
Train
Market By Geography
North America
- U.S
- Canada
Europe
- U.K
- Germany
- France
- Spain
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
Frequently Asked Questions
The increasing heavy vehicular traffic, rising pollution across the globe, growing demand for on-demand transportation service, favorable government support for the development of MaaS, industry-friendly policies, integration of multi-layered service levels into one exclusive service package, and growth of public-private partnerships for service development are some of the factors driving the market growth.
The market for mobility as a service is expected to reach a market value of around US$ 326.5 Bn by 2027.
The market for mobility as a service is expected to grow at a CAGR of around 31.2% from 2020 to 2027.
Beeline Singapore, Citymapper (UK), Deutsche Bahn AG, DiDi Chuxing, MaaS Global Oy, Mobilleo (England), Moovel Group, Moovit (Israel), SkedGo Pty Ltd, Uber Technologies Inc., UbiGo AB, and Whim (Finland) are the prominent players in the market.
The ride-hailing is the leading segment by application in the mobility as a service market.
Asia Pacific held the highest market share in the mobility as a service market.
The report provides insights on global mobility as a service market segment by service type, application OS, transportation type, vehicle type, and major geographic regions.
