openPR Logo
Press release

Global Mobility as a Service (MaaS) Market Set to Generate Over $300.0 Billion Revenue by 2024

06-02-2020 10:14 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: P&S Intelligence

Global Mobility as a Service (MaaS) Market Set to Generate Over

One of the key factors responsible for the popularity of the mobility as a service (MaaS) concept is the soaring number of government initiatives and policies aimed at encouraging the adoption of shared transport across the world. These measures are primarily adopted for reducing the pollution and traffic congestion caused due to the wide-scale utilization of personal vehicles. For instance, the mayor of London announced his plans of building parking spaces for shared mobility vehicles, in 2018, in order to reduce vehicle ownership amongst the people.

Market Players are:
1. ANI Technologies Pvt. Ltd.
2. Lyft Inc.
3. Uber Technologies Inc.
4. Beijing Xiaoju Technology Co. Ltd. (Didi Chuxing)
5. Grab Holdings Inc.
6. Hertz Global Holdings Inc.
7. Avis Budget Group Inc.

Request to Get the Sample Report@

Driven by the above-mentioned factors, the global mobility as a service (MaaS) market generated revenue of $171.5 billion in 2018, and it is predicted to attain a value of $347.6 billion by 2024, with a CAGR of 11.9% during the forecast period (2019-2024). There are multiple ways through which MaaS is offered -- ride sharing, bike sharing, ride hailing, car rental, car sharing, and shuttle services. Amongst these, car rental services recorded the highest usage in 2018, mainly due to the wide-scale adoption of online booking systems for transportation and expanding travel and tourism industry across the world.

Research Background

1.1 Research Objectives

1.2 Market Definition

1.3 Research Scope

1.3.1 Market Segmentation by Service Type

1.3.2 Market Segmentation by Vehicle Type

1.3.3 Market Segmentation by Commuting Pattern

1.3.4 Market Segmentation by End Use

1.3.5 Market Segmentation by Region

1.3.6 Analysis Period

1.3.7 Market Data Reporting Unit Value

1.4 Key Stakeholders

Explore Full Report Description At@

Geographically, Europe is predicted to register the fastest growth in the adoption of the MaaS concept during the forecast period. This is mainly attributed to the rapid development of a wide array of individual business models, aimed at implementing mobility services, in the region. These blossoming businesses are enhancing the customer base for shared mobility services, which is, in turn, making the pricing structure more convenient, thereby encouraging a large number of people to adopt these services in the region.

Therefore, it is clear that due to the increasing popularity of shared mobility services over owning personal vehicles, owing to the numerous advantages offered by them, and surging government initiatives aimed at encouraging the use of shared mobility services, the MaaS concept is expected to observe tremendous popularity in the coming years.

Contact: P&S Intelligence
International: +1-347-960-6455

About P&S Intelligence
P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Global Mobility as a Service (MaaS) Market Set to Generate Over $300.0 Billion Revenue by 2024 here

News-ID: 2064628 • Views: 286

More Releases from P&S Intelligence

Data Center Colocation Market | Covid19 Impact Analysis | Business Outlook, Grow …
Large enterprises are currently the larger users of colocation services, on account of their desire to decrease their operational expenses and increase focus on their more-critical areas. This is being done by giving the responsibility to house their expensive information technology (IT) hardware, such as routers, modems, and servers, to data centers, which also let them store huge amounts of data. Get the Sample Copy of this Report at: In addition, as
How Surging Interaction Through Enterprise Messaging Applications Driving Key Ma …
In the wake of the rising cyber attacks, adoption of cloud technologies, and focus on digital transformation, the need to meet the associated regulatory compliance is increasing around the world. Health Insurance Portability and Accountability Act (HIPAA), Payment Card Industry Data Security Standard (PCI DSS), General Data Protection Regulation (GDPR), and Federal Information Security Management Act (FISMA) are the various acts and standards which govern cyber security. Get the Sample Copy
Digital Out of Home Market Growth Declines, However COVID-19 Pandemic May Bring …
Digital out of home or DOOH refers to digital media displayed in outdoors that is accessible to the public and used for advertising and marketing purposes. It is displayed via electronic displays in a variety of formats, excluding radio and TV advertising. It consists of digital billboards, out of home (OOH) displays, digital signages, LEDs, and screen technologies. Request Sample Copy of Report : The digital out of home market is
Medical Device Outsourcing Market - Future Developments, Trends, and Opportunity …
The healthcare industry is witnessing rapid growth because of the surging prevalence of diseases all across the world. The medical industry does not only deal with drugs and therapy, but medical devices are an important part of it. Attributed to this, the medical devices industry is registering swift growth as well. In 2018, the global medical devices market attained a value of $425.5 billion and is predicted to reach $612.7

All 5 Releases

More Releases for MaaS

Microgrid as a Service (MaaS) Market Future Trends Landscape 2025
Global Microgrid as a Service (MaaS) Market: Snapshot A microgrid is a power grid of a smaller level, that can operate on its own and independent of a location’s primary electrical grid. Additionally, a microgrid can be used in conjunction with the primary grid, a factor that opens up a number of possibilities and opportunities. Small-scale and localized stations can be run with their own source of energy and contain generation
Mobility as a Service (MaaS) Market To Witness Massive Growth | Competitive Outl …
Mobility as a Service (MaaS) market report is an in-depth study on the ICT industry while also explaining what Mobility as a Service (MaaS) market definition, classifications, applications, engagements, and global industry trends are. Lyft, Uber Technologies LLC, Beeline, SkedGo, UbiGo, MaaS Global Ltd, Qixxit, Citymapper are turning heads in the Mobility as a Service (MaaS) market because of their product launches, their researches, joint ventures, merges, and accusations.
Mobility As A Service (MaaS) Market - Big Changes to Have Big Impact: Lyft, Inc. …
A detailed study on Mobility As A Service (MaaS) Market formulated by Brandessence Market Research, puts together a concise analysis of the growth factors impacting the current business scenario across assorted regions. Significant information pertaining to the industry's size, share, application, and statistics are also summed in the report in order to present an ensemble prediction. In addition, this report undertakes an accurate competitive analysis illustrating the status of market
Mobility as a Service (MaaS): Market 2019 Top Players and Key Trends | Uber, Did …
Mobility as a Service (MaaS) Market Status and Outlook 2019-2025 that centers in industry upgrades, providing analytical and exclusive statistics. Worldwide market trends are analyzed using recently accessible Mobility as a Service (MaaS) data pertinent to the sum of the market businesses and their economy share. The global Mobility as a Service (MaaS) report highlights the size, share, trends, dynamics and growth, and earnings in addition to leading companies, revenue,
Mobility as a Service (MaaS) Market 2019 Global Growth revenue, Emerging Technol …
Market Research Future published a Half- cooked research report on “Global Mobility as A Service Market Research Report - Forecast to 2023” - Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023. Market Highlights: The mobility as a service (MaaS) market has hit the right key at the perfect time to zoom ahead with a stellar speed. Its impact has been revolutionary in the transportation sector. Mobility as a Service can
Mobility as Service (MaaS) Market 2018 to 2023 | Global Key Players: BMW Group, …
Market Highlights: The Global Mobility as a Service Market is growing with the rapid pace mainly due to the high travel demand on transport networks and increasing need of both workplaces and employees that may support a reducing the traffic in peak hours. According to a recent study report published by the Market Research Future, The global market of Mobility as a Service is booming and expected to gain prominence over