Mobility as a Service (MaaS) Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Mobility as a Service (MaaS) Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Growth Factors of Mobility As A Service Market

The mobility as a service market size was valued at USD 391.69 billion in 2023, and the market is now projected to grow from USD 410.63 billion in 2024 to USD 1698.14 billion by 2032, exhibiting a CAGR of 19.4% during the forecast period of 2024-2032.

The COVID-19 pandemic expressively impacted the worldwide mobility as a service (MaaS) market. Lockdowns, travel limitations, and social distancing procedures led to a severe weakening in the demand for transportation services, subsequent in the reduced usage of MaaS platforms. However, as limitations were relieved and vaccination rates augmented, an upsurge was recorded in the emphasis on contactless and on-demand transportation solutions, motivating the implementation of MaaS platforms for harmless and more effective travel experiences.

The rising emphasis on digitalization and digital payment solutions has developed as a vital motivating factor for the progression of the worldwide mobility as a service (MaaS) market. As digital technologies endure to development, customers are progressively implementing digital platforms for numerous features of their lives, comprising transportation. This trend is reforming the mobility landscape and motivating the implementation of MaaS solutions universally. The ease and efficiency offered by digital platforms are for planning, booking, and paying for transport services. This seamless incorporation of transportation services into digital platforms augments the overall user experience and boosts the adoption of MaaS solutions which surges the mobility as a service market growth.

As conventional automobiles cause a high quantity of carbon release, governments globally are striking strict discharge norms to control mounting pollution. Thus, to decrease carbon discharges and enlarge business in economies with severe discharge norms, numerous leading mobility-as-a-service workers are altering their fleets to electric to offer uncontaminated future mobility solutions for the urban population.

Comprehensive Analysis of Mobility As A Service Market

The market can be segmented in various ways, depending on the focus of analysis such as by service type, and by application. Based on service type, the market is segmented into ride-hailing, car-sharing, taxi services, and others. . Based on application type, the MaaS market is segmented into iOS, Android, and others.

Asia Pacific region is dominating the mobility as a service market share due to mounting price of vehicle ownership, prompt urbanization, and growing fuel prices.

The key players are enthusiastically contributing in planned events that are targeted at maintaining durable market position and growing market share by merger, partnerships and others. These players include Uber Technologies Inc. (U.S.), Lyft, Inc. (U.S.), Didi Chuxing Technology Co. (China), ANI Technologies Pvt. Ltd. (India), Grab (Singapore), Shuttl. (India), BMW Group (Germany), Moovel Group GmbH (Germany) these market players spending severely on research and development in order to arise with more new technology so that they can maintain and improve their existing market.

In March 2024, Asia Mobility Technologies launched multimodal MaaS app journey scheduling and ticketing in the Trek app. It is the area’s first mobility-as-a-service (MaaS) solution proposing the current Trek Rides’ Demand-Responsive Transit (DRT) service with public transportation, park & ride, and active transport in Greater Kuala Lumpur.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Growth Rate CAGR of 19.4% over 2024 to 2032

Unit Value (USD billion)

Segmentation By Service Type

Ride-Hailing

Car Sharing

Taxi Services

Others

By Application Type

iOS

Android

Others

By Geography

North America (By Service Type, By Application Type)

U.S. (By Service Type, By Application Type)

Canada (By Service Type, By Application Type)

Mexico (By Service Type, By Application Type)

Europe (By Service Type, By Application Type)

U.K. (By Service Type, By Application Type)

Germany (By Service Type, By Application Type)

France (By Service Type, By Application Type)

Rest of Europe (By Service Type, By Application Type)

Asia Pacific (By Service Type, By Application Type)

China (By Service Type, By Application Type)

India (By Service Type, By Application Type)

Japan (By Service Type, By Application Type)

South Korea (By Service Type, By Application Type)

Singapore (By Service Type, By Application Type)

Australia (By Service Type, By Application Type)

Rest of Asia Pacific (By Service Type, By Application Type)

Rest of the World (By Service Type, By Application Type)

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