Mobility as a Service Market Analysis: Size, Dynamics, and Future Opportunities through 2028

Mobility as a Service (MaaS) Market Overview and Insights:

According to MarkNtel Advisors Report, the Global Mobility as a Service Market is projected to grow at a CAGR of around 32% during the forecast period, i.e., 2023-28.

Mobility as a Service (MaaS) Market research is an ongoing process. Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size & Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.

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Key Takeaways: Beneficial for Stakeholders and Clients:

• Historical Data: 2018-21
• Base Year: 2022
• Forecast Period: 2023-2028

What are the major challenges facing the Mobility as a Service (MaaS) Market?

Multiple authorities like infrastructure & service providers, telecom operators, manufacturers, user groups, and the public sector put efforts into deploying mobility-as-a-service platforms. In some regions, government authorities opt for PPP (Public-Private Partnership) for private firms to actively participate in their initiatives in order to implement & invest in projects. As a result, integrating public & private transportation providers becomes challenging since private transport is on-demand and public transport relies on supply & demand. Hence, the less availability of mobility-as-a-service infrastructure and issues with public acceptance & authority issues are significant barriers for the market to expand during 2023-28.

Who are the Key Players Operating in the Mobility as a Service (MaaS) Industry?

The top companies of the Mobility as a Service (MaaS) market ruling the industry are: 

• Whim
• BlaBlaCar
• Car2Go
• CityMapper
• DiDi Chuxing
• Grab
• LeCab
• Lyft
• Mobike
• Movit
• Ola
• Ridecell
• Uber
• Zoox
• Scoot
• Floatility
• Easy Mile
• Bridj
• Careem
• Ofo
• InDriver
• Curb Mobility
• Others

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What is Included in Mobility as a Service (MaaS) Market Segmentation?

The report has segmented the market into the following categories:

By Services

• Ride
  • Hailing
  • Sharing
• Vehicle Sharing
  • Car Sharing
  • Bi-cycle Sharing
  • Motorbike Sharing
• Public Transport
  • Bus Sharing/Shuttle Service
  • Train

By Solution

• Technology Platforms
• Payment Engines
• Navigation Solutions
• Telecom Connectivity
• Ticketing Solutions
• Insurance Services

Here, insurance services are expected to attain a notable market share during 2023-28. It ascribes to the increasing insurance premiums for trip cancellations & delays, property damage, & road accidents. As insurers play a crucial role in a transit user's life & mobility, several leading MaaS providers are likely to offer insurance products as add-ons to their respective services in the future in order to remain competitive, especially in developing markets. Consequently, the current insurance type might soon get replaced by commercial insurance for MaaS vehicle fleets.

By Commuting Pattern

• Daily commuting
• First & Last-mile
• Inter-city Trips
• Off-Peak & Shift Work Commute
• Airport or Mass Transit Station
• Others (Hospital, Event Trips, Healthcare/Delivery Service & unplanned requirement)

By Pricing Model

• Pay-as-you-go
• Monthly Subscription

By Business Model

• B2B (Business to Business)
• B2C (Business to Customer)
• B2I (Business to Industry)
• B2G (Business to Government)

By Region

• North America
• South America
• Asia-Pacific
• Europe, Middle East & Africa

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Frequently Asked Questions (FAQs)-

• What are the industry's overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
• What are the trends influencing the current scenario of the market?
• How has the Mobility as a Service (MaaS) industry been evolving in terms of geography & adoption?
• Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?

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MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.

We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.

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