Introduction of the Mobility as a Service Market Report

The integration of various forms of transport services into a single mobility service, which is accessible on demand is known as the Mobility as a Service Mobility as a Service (MaaS). The MaaS includes a wide range of transport options such as public transport, ride hailing, car sharing, bike sharing, taxi rental, car lease, and a combination of transportation services. Maas offers integration of transport services, information, payment, ticketing, and real-time transport information among other benefits.

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Market Dynamic

Key Drivers and Emerging Trends

Increasing population, growing urbanization, rise in the global pollution level due to vehicle emission, and growing adoption of intelligent transportation system are some of the major factors driving the growth of the Mobility as a Service industry. According to United Nations, 55% of the world’s population lives in urban areas, and it is expected to increase to 68% by 2050. This is expected to increase the problem of urban traffic congestion, thereby, stimulating the growth of the Mobility as a Service market size during the forecast period. The Mobility as a Service provides various advantages such as real-time route planning, personalized service for users, simplified payment using phones, smartwatches and bank cards, reduced traffic congestion, and increases the level of road safety. This factor is one of the mobility as a service market trends that is likely to support the growth of the market. Furthermore, the presence of various Maas solutions that includes ridesharing apps such as Uber, LYFT, Via, BlaBla Car, Hitch; peer-to-peer rental services such as GoGet, FlexiCar, car2Go, Getaround, and Turo; micro-mobility services such as Lime Scooters, Jump Bike are further providing huge growth opportunities to the market growth over the forecast period.

Restraint in the Mobility as a Service Market

The Mobility as a Service market report, the recent outbreak of COVID pandemic has adversely affected various industries including travel, hospitality, and ride sharing among others, which is likely to hamper the market growth, particularly in 2021. Moreover, lack of robust network infrastructure in developing and underdeveloped countries and rising data privacy and security concerns are further anticipated to restraint the market growth.

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Service Type – Segment Analysis

Based on the service type, ride hailing segment is anticipated to grow at a higher CAGR in the market primarily due to the passenger comfort & convenience, ease of booking rides, increasing traffic congestion, and growing awareness among people regarding air pollution. Moreover, rising number of ride hailing service providers including Didi, Uber, Lyft, ANI Technologies Pvt. Ltd. (OLA), Careem, Gett and Grab is further supporting the market growth.

Transport Type – Segment Analysis

Based on the transport type, public segment is projected to dominate the market over the forecast period owing to the growing inclination of government towards promoting awareness pertaining to fuel efficiency and adoption of public transport system. Additionally, various organization such as The United Nations Economic Commission for Europe (UNECE), International Transport Forum, MaaS Alliance are involved in the promotion and development of an integrated transport system in order to facilitate the development of Mobility as a Service specially in the public transportation vertical, which is likely to boost the market growth.

Business Model – Segment Analysis

Based on the business model, the business-to-consumer segment is projected to grow at a faster CAGR in the market primarily due to the increased preference to travel among consumers, growing fuel prices, and lower cost of sharing mobility. Uber Technologies Inc., ANI Technologies Pvt. Ltd. (OLA), Lyft, Inc., Grab, and Careem, among others are some of the companies involved in the business-to-consumer MaaS.

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Regional – Segment Analysis:

Based on the region, Europe region is expected to lead the global Mobility as a Service market during the forecast period primarily due to the rising government inclination towards the adoption of public transportation and development of strategies to shift towards MaaS-based transportation systems for reducing traffic and vehicle emission in the region. Additionally, the presence of the some of the leading vendors such as Bolt, Gett, Cabify, BlaBlaCar, and Uber in the region is further supporting the market growth.

On the other hand, Asia-Pacific region is projected to grow at a higher CAGR over the forecast period. This can be attributed to the growing population rate. According to UN, Asia account for nearly 54% of the world’s urban population. Moreover, the growing need for efficient transportation and smart personal mobility to reduce travel time and traffic congestion primarily due to the increasing urbanization in the region is expected to contribute to the market growth in the region.

Top Market Players

Various notable players operating in the market include Moovit Inc., MaaS Global Oy, Citymapper, Mobilleo, SkedGo Pty Ltd., UbiGo Innovation AB, Splyt Technologies Ltd., Beijing Xiaoju Technology Co, Ltd., Communauto, and ANI Technologies Pvt. Ltd., among others. 

Key Developments:

• • In 2020, Indian taxi app Ola, by ANI Technologies Pvt. Ltd., launched its services in London. This ride-hailing app started its taxi-booking service in the London city with 25,000 drivers signing up to Ola’s platform.
  • In 2019, Toyota Motor Corporation signed collaborated with Didi Chuxing (DiDi) owned by Beijing Xiaoju Technology Co, Ltd. to expand in Mobility as a Service (MaaS) in China. As part of this agreement, Toyota will invest 600 million U.S. dollars in DiDi and form a joint venture to establish with GAC Toyota Motor Co., Ltd. (GTMC) for vehicle-related services for ride-hailing drivers.

Segments covered in the Report:

The global Mobility as a Service Market has been segmented on the basis of service, transport type, business model, and regions. Based on service (ride hailing, car sharing, micromobility, bus sharing, and train services), by transport type (public and private), by business model (business-to-business, business-to-consumer, and peer-to-peer. 

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Key questions answered in this research report:

• • At what pace is global Mobility as a Service Market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Mobility as a Service Market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Mobility as a Service Market?
  • Which service type generated maximum revenues in 2019 and identify the most promising service type during the forecast period?
  • What are the various business models of global Mobility as a Service Market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Service Type, By Transport Type, By Business Model, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Moovit Inc., MaaS Global Oy, Citymapper, Mobilleo, SkedGo Pty Ltd., UbiGo Innovation AB, Splyt Technologies Ltd., Beijing Xiaoju Technology Co, Ltd., Communauto, and ANI Technologies Pvt. Ltd.,, among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Mobility as a Service Market by Service Type

• • Ride Hailing
  • Car Sharing
  • Micromobility
  • Bus Sharing
  • Train Services

Global Mobility as a Service Market by Transportation Type

• • Public
  • Private

Global Mobility as a Service Market by Business Model

• • Business-to-Business
  • Business-to-Consumer
  • Peer-to-Peer

Global Mobility as a Service Market by Region

• • North America Mobility as a Service Market (Option 1: As a part of the free 25% customization)
    • North America Market by Service Type
    • North America Market by Transportation Type
    • North America Market by Business Model
    • US Market All-Up
    • Canada Market All-Up
  • Europe Mobility as a Service Market (Option 2: As a part of the free 25% customization)
    • Europe Market by Service Type
    • Europe Market by Transportation Type
    • Europe Market by Business Model
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Mobility as a Service Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Market by Service Type
    • Asia-Pacific Market by Transportation Type
    • Asia-Pacific Market by Business Model
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Mobility as a Service Market (Option 4: As a part of the free 25% customization)
    • RoW Market by Service Type
    • RoW Market by Transportation Type
    • RoW Market by Business Model
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Mobility as a Service Market (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Moovit Inc.
  • MaaS Global Oy
  • Citymapper
  • Mobilleo
  • SkedGo Pty Ltd
  • UbiGo Innovation AB
  • Splyt Technologies Ltd.
  • Beijing Xiaoju Technology Co, Ltd.
  • Communauto
  • ANI Technologies Pvt. Ltd.