Mobility as a Service Market Applications, Forthcoming Development and Demands Strikes at a CAGR of 28.68% from 2020 to 2030 | Impacts of COVID-19

The global mobility as a service market is anticipated to grow at a CAGR of 28.68% from 2020 to 2030. 

COVID-19 is an unexpected crisis. Thus, countries & governments are taking serious decisions, such as locking down the country for months or beyond, to control the situation. Also, people are taking various safety precautions including self-quarantining, social distancing, and others. Also, several service-based companies have been offering work-from-home to prevent the spread of COVID-19. This has resulted in low transportation activities. This is one of the primary factors restraining the market growth. For instance, Lyft (one of the key market players) has witnessed a huge drop in its ride service owing to COVID-19. 

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Prominent Players:

Some of the prominent players in the mobility as a service market include Uber Technologies Inc., Lyft, Inc., Zipcar, Inc, car2go NA, LLC, Drive Now, MaaS Global Oy, Moovit Inc., Mobilleo, SkedGo Pty Ltd, and UbiGo.

Growth Factors:

Increasing investment by OEMs in MaaS, growing collaborations between vehicle manufacturers and technology provides and favorable government regulations are the major factors driving the market. Additionally, the increasing adoption of mobility as a service by working populations is supplementing the market growth. Moreover, the emergence of new mobility models, such as OEM-backed sharing, dealer-backed sharing, P2P sharing, on-demand freight, and others, are propelling the market growth. Furthermore, self-driving bus mobility as a service is expected to create new opportunities in the market as big players and governments are investing considerably in the self-driving bus technology.

Segmentation Based On:

BY SERVICE TYPE
E-Hailing
Bike Sharing
Car Sharing
Micro Mobility
Others

BY TRANSPORTATION TYPE  
Public
Private
BY BUSINESS MODEL
B2B
B2C
Peer-to-Peer (P2P)

BY VEHICLE TYPE
Passenger Car
Commercial Vehicle
Others
BY ROUTE
Fixed
On-Demand

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Regional Analysis:

North America accounted for the largest market share in 2019 and is expected to follow similar trends for the next few years. The market growth in this region can be attributed to the presence of established players and the high availability of such services in the U.S. Additionally, well-developed networking infrastructure and the high penetration of internet users in the region are supplementing the market growth in this region.
However, the Asia Pacific region is expected to grow at the highest CAGR during the forecast period. The growth in this region can be attributed to increasing investments for the development of 5G infrastructure and increasing demand for efficient mobility service solutions. Also, the presence of countries, such as China, India, and Japan, backed by huge investments in networking will create new opportunities for this region.    
Research objectives:-

- To study and analyze the global Mobility as a Service Market consumption (value & volume) by key regions/countries, product type and application, history data.

- To understand the structure of the Mobility as a Service Market by identifying its various sub-segments.

- Focuses on the key global Mobility as a Service Market manufacturers, to define, describe and analyze the sales volume, value, market share, market competitive landscape, SWOT analysis, and development plans in the next few years.

- To analyze the Mobility as a Service Market with respect to individual growth trends, future prospects, and their contribution to the total market.

- To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).

Table of Contents

1.INTRODUCTION
1.Market Definition
2.Market Ecosystem
1.Market Classification
2.Geographic Scope
3.Years Considered for the Study
1.Historical Years – 2016 & 2017
2.Base Year – 2018
3.Forecasted Years – 2019 to 2030
3.Currency Used for the Study
4.Report Beneficiary List

2.RESEARCH METHODOLOGY
1.Research Framework
2.Data Collection Technique
3.Data Sources
1.Secondary Sources
2.Primary Sources
4.Market Estimation Methodology
1.Bottoms Up Approach
2.Top Down Approach
5.Data Validation and Triangulation
1.Market Forecasting Model
2.Limitations of the Study
3.Assumptions of the Study

3.ABSTRACT OF THE STUDY

4.MARKET DYNAMICS ASSESMENT
1.Overview
2.Drivers
3.Barriers/Challenges
4.Opportunities

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In the end, Mobility as a Service Market industry report specifics the major regions, market scenarios with the product price, volume, supply, revenue, production, market growth rate, demand, forecast and so on. This report also presents SWOT analysis, investment feasibility analysis, and investment return analysis.

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