Mobility as a Service Market Report by Service Type (Ride-Hailing, Ride-Sharing, Car-Sharing, Bus/Shuttle Service, and Others), Transportation Type (Private, Public), Application Platform (Android, iOS, and Others), Propulsion Type (Electric Vehicle, Inte

Mobility as a Service Market Report by Service Type (Ride-Hailing, Ride-Sharing, Car-Sharing, Bus/Shuttle Service, and Others), Transportation Type (Private, Public), Application Platform (Android, iOS, and Others), Propulsion Type (Electric Vehicle, Internal Combustion Engine, and Others), and Region 2024-2032

The global mobility as a service market size reached US$ 5.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 50.5 Billion by 2032, exhibiting a growth rate (CAGR) of 26.58% during 2024-2032. The market is experiencing steady growth driven by the growing implementation of stringent regulations associated with sustainable transportation, increasing innovations in ridesharing apps, and rising environmental awareness and the pressing need for sustainability among the masses.

Mobility as a Service Market Trends:
Urbanization and Congestion Mitigation

Metropolitan areas are facing unprecedented challenges related to traffic congestion, pollution, and limited transportation infrastructure. Urban areas are becoming more densely populated, leading to increased traffic on already congested roadways. This phenomenon is creating a pressing need for innovative solutions to alleviate congestion and improve mobility for urban residents. Mobility as a service (MaaS) is emerging as a strategic solution to address these challenges. By offering a comprehensive, integrated approach to transportation, MaaS streamlines the mobility experience for urban dwellers. It combines various transportation modes, including public transit, ridesharing, car rentals, and bike-sharing, into a single platform accessible through mobile apps. This integration not only provides commuters with more convenient options but also reduces the number of private vehicles on the road, contributing to reduced congestion. Moreover, MaaS encourages the use of public transportation, which is often underutilized in favor of personal vehicles. As more people embrace MaaS platforms, public transit systems experience increased ridership, leading to improved efficiency and reduced traffic congestion. MaaS also promotes the use of shared mobility services, such as carpooling and ridesharing, further reducing the number of vehicles on the road during peak hours.

Advancements in Technology

The rapid advancements in technology, particularly in the realm of mobile applications and connectivity, have played a pivotal role in driving the MaaS market. These technological developments are transforming the way people plan, book, and utilize transportation services, making MaaS more accessible and attractive to a wider audience. Smartphones are becoming ubiquitous, with a vast majority of the population carrying these powerful devices. This widespread adoption is allowing MaaS providers to develop user-friendly mobile applications that serve as central hubs for accessing various transportation options. Users can seamlessly plan multi-modal journeys, book tickets or rides, and make payments through these apps. The real-time data capabilities of modern smartphones are also enhancing the MaaS experience. Users can receive up-to-the-minute information on transit schedules, traffic conditions, and ride availability, enabling them to make informed decisions and reduce waiting times. This real-time data exchange is critical for the successful operation of MaaS systems, as it ensures the reliability and convenience that users demand. Furthermore, the growth of the internet of things (IoT) is facilitating the integration of smart devices with MaaS platforms.

Environmental Concerns and Sustainability

Environmental concerns and the pressing need for sustainability are becoming crucial factors behind the growing demand for MaaS solutions. With the recognition of the adverse impacts of excessive car usage, such as air pollution and greenhouse gas emissions, individuals and governments alike are seeking alternatives that reduce the carbon footprint of transportation.

MaaS promotes sustainability in several ways. It encourages the use of public transportation as a primary mode of commuting. Public transit systems are typically more energy-efficient and emit fewer emissions per passenger mile compared to private vehicles. By making public transit more accessible and user-friendly, MaaS helps increase its utilization, thereby reducing the number of single-occupancy cars on the road. MaaS platforms integrate various modes of shared mobility, such as ridesharing and carpooling. These services optimize vehicle occupancy, reducing the overall number of vehicles needed for transportation. Fewer vehicles on the road translate to decreased traffic congestion and lower emissions, contributing to cleaner air and a smaller carbon footprint. Additionally, MaaS providers often emphasize the inclusion of electric and hybrid vehicles within their fleets. This shift toward cleaner, more sustainable transportation options aligns with global efforts to combat climate change and reduce the reliance on fossil fuels.

Mobility as a Service Industry Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the global, regional, and country levels for 2024-2032. Our report has categorized the market based on service type, transportation type, application platform, and propulsion type.

Breakup by Service Type:

Ride-Hailing
Ride-Sharing
Car-Sharing
Bus/Shuttle Service
Others

Ride-hailing accounts for the majority of the market share

The report has provided a detailed breakup and analysis of the market based on the service type. This includes ride-hailing, ride-sharing, car-sharing, bus/shuttle service, and others. According to the report, ride-hailing represented the largest segment.

Breakup by Transportation Type:

Private
Public

Private holds the largest share in the industry

A detailed breakup and analysis of the market based on the transportation type have also been provided in the report. This includes private and public. According to the report, private accounted for the largest market share.

Breakup by Application Platform:

Android
iOS
Others

Android represents the leading market segment

The report has provided a detailed breakup and analysis of the market based on the application platform. This includes android, iOS, and others. According to the report, android represented the largest segment.

Breakup by Propulsion Type:

Electric Vehicle
Internal Combustion Engine
Others

Internal combustion engine exhibits a clear dominance in the market

A detailed breakup and analysis of the market based on the propulsion type have also been provided in the report. This includes electric vehicle, internal combustion engine, and others. According to the report, internal combustion engine accounted for the largest market share.

Breakup by Region:

North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Europe leads the market, accounting for the largest mobility as a service market share

The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Europe accounted for the largest market share.

The market research report has provided a comprehensive analysis of the competitive landscape. Detailed profiles of all major companies have also been provided. Some of the key players in the market include:

Citymapper
Communauto Inc.
DiDi Chuxing Technology Co.
Europcar Mobility Group
Gett Inc.
Lyft Inc.
Moovit Inc. (Mobileye Global Inc.)
Ola Cabs (ANI Technologies Private Limited)
Shuttl (Super Highway Labs Pvt. Ltd.)
SkedGo Pty Ltd
Splyt Technologies Ltd.
Uber Technologies Inc.

Key Questions Answered in This Report:
How has the global mobility as a service market performed so far, and how will it perform in the coming years?
What are the drivers, restraints, and opportunities in the global mobility as a service market?
What is the impact of each driver, restraint, and opportunity on the global mobility as a service market?
What are the key regional markets?
Which countries represent the most attractive mobility as a service market?
What is the breakup of the market based on the service type?
Which is the most attractive service type in the mobility as a service market?
What is the breakup of the market based on the transportation type?
Which is the most attractive transportation type in the mobility as a service market?
What is the breakup of the market based on the application platform?
Which is the most attractive application platform in the mobility as a service market?
What is the breakup of the market based on the propulsion type?
Which is the most attractive propulsion type in the mobility as a service market?
What is the competitive structure of the market?
Who are the key players/companies in the global mobility as a service market?