Mobility as a Service

Mobility as a Service

Global Mobility as a Service Market to Reach US$50.3 Billion by 2030

The global market for Mobility as a Service estimated at US$9.5 Billion in the year 2023, is expected to reach US$50.3 Billion by 2030, growing at a CAGR of 26.9% over the analysis period 2023-2030. Private Transportation, one of the segments analyzed in the report, is expected to record a 27.4% CAGR and reach US$49.0 Billion by the end of the analysis period. Growth in the Public Transportation segment is estimated at 14.9% CAGR over the analysis period.

The U.S. Market is Estimated at US$2.4 Billion While China is Forecast to Grow at 33.9% CAGR

The Mobility as a Service market in the U.S. is estimated at US$2.4 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$14.8 Billion by the year 2030 trailing a CAGR of 33.9% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 20.3% and 23.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 22.0% CAGR.

Global Mobility as a Service Market - Key Trends and Drivers Summarized

How Is Mobility as a Service Revolutionizing Urban Transport?

Mobility as a Service (MaaS) integrates various transportation services into a single digital platform, offering a convenient and efficient solution for urban mobility. The platform combines public transport, ride-sharing, car rentals, bike-sharing, and other mobility options into a single app that allows users to plan, book, and pay for trips seamlessly. MaaS aims to shift people away from private vehicle ownership toward shared mobility, reducing traffic congestion and the environmental impact of urban transport. By providing flexible and on-demand travel options, MaaS addresses the challenges of transportation in modern cities, including limited parking, pollution, and inefficient public transport. MaaS is gaining traction across the globe, driven by rising urbanization, increasing smartphone usage, and the need for sustainable mobility solutions. Countries in Europe, North America, and Asia-Pacific are at the forefront of MaaS implementation, with several cities launching pilot projects to test different MaaS models. Governments and local authorities are recognizing the potential of MaaS to reduce the reliance on private vehicles, thereby alleviating congestion and promoting greener mobility options. In addition, technological advancements, such as 5G connectivity and AI, are enabling real-time updates and personalized travel recommendations, enhancing the MaaS user experience.

What Trends Are Shaping the Mobility as a Service Market?

Several key trends are influencing the growth of MaaS, including the shift towards integrated multimodal transport, the rise of electric and autonomous vehicles, and the emphasis on data-driven insights. The concept of Mobility as a Service supports multimodal transport by combining various modes into a seamless journey. This integration encourages people to adopt a mix of transport options, from public buses to e-scooters, for different legs of their trip, leading to a reduction in carbon footprints. Additionally, the adoption of electric and autonomous vehicles within MaaS ecosystems is expected to transform urban mobility by making it more sustainable and efficient. Data analytics is playing a crucial role in the evolution of MaaS by providing insights into travel patterns, user preferences, and demand forecasting. By leveraging these insights, service providers can optimize routes, reduce wait times, and improve the overall quality of service. Moreover, partnerships between public and private transportation providers are becoming more common, creating unified systems that benefit from the strengths of both sectors. The development of flexible pricing models, such as subscription-based packages or pay-per-use options, is further shaping MaaS by making it accessible and cost-effective for different user groups.

How Do Market Segments Define the Growth of Mobility as a Service?

Service types include ride-hailing, car-sharing, bike-sharing, public transit, and e-scooter rentals, with ride-hailing being one of the most popular options due to its convenience. Applications vary from personal use to business travel and logistics, where MaaS platforms facilitate last-mile deliveries and optimize corporate transportation. In terms of regional adoption, Europe leads the market, with cities like Helsinki, London, and Berlin implementing advanced MaaS solutions. North America follows, with growing interest in sustainable transport options, while Asia-Pacific is experiencing rapid expansion driven by urbanization and government initiatives.

What Factors Are Driving the Growth in the Mobility as a Service Market?

The growth in the Mobility as a Service market is driven by several factors, including increasing urbanization, the need for sustainable transport, advancements in digital technology, and supportive government policies. The trend towards smart cities is encouraging the adoption of MaaS to tackle urban mobility challenges such as congestion and pollution. Governments are actively promoting MaaS through funding and incentives, making it easier for service providers to launch and scale operations. Moreover, the shift in consumer preferences toward flexible, pay-per-use models and the convenience of integrated travel solutions are driving the market forward. The rise of electric and autonomous vehicles within MaaS platforms also supports sustainable growth, appealing to eco-conscious consumers.

Select Competitors (Total 26 Featured) -

• Beeline Singapore
• Citymapper
• Communauto
• Deutsche Bahn AG
• DiDi Chuxing
• Grab
• Lyft, Inc.
• MaaS Global Oy
• Mobilleo
• Moovel Group
• Moovit Inc.
• Qixxit
• SkedGo Pty Ltd
• Splyt Technologies Ltd,
• Transit Systems Pty Ltd.
• Tranzer
• Uber Technologies Inc.
• UbiGo AB

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