Press release
Escalating Mobility As A Service Market to Grow from $205.7 Billion in 2024 to $494.76 Billion in 2029: Major Players and Leading Trends Revealed
Mobility As A Service Market Size
What Is The Projected Market Size Of The Global Mobility As A Service Market And Its Growth Rate?
• The mobility as a service market size will grow from $205.7 billion in 2024 to $237.21 billion in 2025 (15.3% CAGR).
• The market will further expand to reach $494.76 billion by 2029 (20.2% CAGR).
• Reasons for historic growth include smartphone adoption, environmental sustainability goals, smart city initiatives and expansion of micromobility options.
• Anticipated future growth can be attributed to advancements in autonomous vehicles, smart infrastructure integration, user-centric design and policy support for maas implementation.
What Is Driving The Growth In The Mobility As A Service Market?
The rise in the global adoption of shared mobility is a major driver for the growth of the mobility as a service market. Shared mobility, including various ridesharing practices such as carpooling, bike sharing and on-demand ride services, offers an effective alternative to traditional transport services. Seamless integration of technology and applications through mobility as a service makes shared mobility more appealing and efficient. An instance of such growth is the Department for Transport's report revealing an 11% increase in private taxi hire vehicles in the UK between March 2022 and April 2023.
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Who Are the Key Players Driving Mobility As A Service Market Growth?
• Uber Technologies Inc.
• SkedGo Pty Ltd
• Moovit Inc.
• Moovel Group GmbH
• UbiGo Innovation AB
• Citymapper Ltd.
• Communauto Inc.
• Lyft Inc.
• ANI Technologies Pvt Ltd.
• Avis Budget Group Inc.
• Beijing Xiaoju Technology Co. Ltd.
• Grab Holdings Inc.
• Hertz Global Holdings Inc.
• Europcar Mobility Group S A
• Sixt SE
• Didi Chuxing Technology Co. Ltd.
• Ola Cabs Technology Pvt. Ltd.
• BlaBlaCar SAS
• Zipcar Inc.
• Car2Go North America LLC
• DriveNow North America LLC
• LimeBike Inc.
• Bird Rides Inc.
• Spin Inc.
• Jump Mobility Inc.
• Transit App Inc.
• MaaS Global Oy
• Beeline Singapore Pte Ltd
• Karhoo Technologies Ltd.
• Bolt Technology OU
• Free2Move Services
• Wunder Mobility GmbH
What Are The Key Trends In The Mobility As A Service Market?
• Digital ticketing and payments
• Real-time data and analytics
• IoT and connectivity
• In-app mobility services
• Cybersecurity measures
• Multiple transportation modes
• Last-mile connectivity solutions
• Partnerships and collaborations
What Are The Segments Of The Global Mobility As A Service Market?
1) By Service Type: Ride Hailing, Car Sharing, Micromobility, Bus Sharing, Train Services
2) By Solution Type: Technology Platforms, Payment Engines, Navigation Solutions, Telecom Connectivity Providers, Ticketing Solutions, Insurance Services
3) By Application: IOS, Android, Other Applications
4) By End Use: Personal, Business
Which Region Leads The Mobility As A Service Market?
Asia-Pacific was the largest region in the mobility as a service market in 2024. Other significant regions include Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Mobility As A Service Market Global Market Report?
- Market Size Analysis: Analyze the Mobility As A Service Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Mobility As A Service Market for effective categorization.
- Key Player Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Mobility As A Service Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Mobility As A Service Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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