Consainsights logo
Reports > Technology And Media > Mobility As A Service Market Report

Mobility As A Service Market Size, Share, Industry Trends and Forecast to 2033

This report provides an in-depth analysis of the Mobility as a Service (MaaS) market from 2023 to 2033, highlighting market dynamics, size, segments, regional insights, and future trends to guide stakeholders in strategic decision-making.

Metric Value
Study Period 2023 - 2033
2023 Market Size $158.23 Billion
CAGR (2023-2033) 20.5%
2033 Market Size $1133.19 Billion
Top Companies Uber Technologies, Inc., Lyft, Inc., Moovit, Via Transportation, Inc., Grab Holdings Limited
Last Modified Date 15 Nov 2024

Mobility As A Service Market Report (2023 - 2033)

Mobility As A Service Market Overview

The Mobility as a Service industry is characterized by intense competition and rapid innovation. Major players are investing in advanced technologies such as IoT, AI, and blockchain to enhance service delivery and functionality. Regulatory frameworks are evolving, with many cities adopting MaaS concepts to address traffic-related challenges. Consumer preferences are shifting towards integrated services, resulting in expanded service offerings, including ride-sharing, car rental, and public transport. The industry is also witnessing collaborations between transport service providers and tech companies to enhance data analytics and customer insights.

What is the Market Size & CAGR of Mobility As A Service market in 2023?

In 2023, the Mobility as a Service market is estimated to be valued at 51.95 billion USD. The market is expected to grow impressively, with a compound annual growth rate (CAGR) of approximately 25% projected until 2033. This growth is attributed to increased urbanization and the need for integrated transportation solutions that optimize user experiences and reduce traffic congestion, aligning with sustainability goals across various regions.

Mobility As A Service Industry Analysis

The Mobility as a Service industry is characterized by intense competition and rapid innovation. Major players are investing in advanced technologies such as IoT, AI, and blockchain to enhance service delivery and functionality. Regulatory frameworks are evolving, with many cities adopting MaaS concepts to address traffic-related challenges. Consumer preferences are shifting towards integrated services, resulting in expanded service offerings, including ride-sharing, car rental, and public transport. The industry is also witnessing collaborations between transport service providers and tech companies to enhance data analytics and customer insights.

Mobility As A Service Market Segmentation and Scope

The Mobility as a Service market is segmented by service type, technology, user type, pricing model, and geography. Minor segments include ride-hailing, car sharing, ride pooling, and public transport integration. Each segment plays a crucial role in delivering diverse, user-centered transportation solutions. The report aims to provide a comprehensive analysis of each segment, detailing current market conditions and future trends that will shape the industry landscape through 2033.

Request a custom research report for industry.

Mobility As A Service Market Analysis Report by Region

Europe Mobility As A Service Market Report:

Europe's MaaS market is forecasted to escalate from 51.95 billion USD in 2023 to 372.03 billion USD by 2033. Strong regulatory support and a focus on green initiatives are critical drivers in this region.

Asia Pacific Mobility As A Service Market Report:

In the Asia Pacific region, the MaaS market is projected to grow from 29.79 billion USD in 2023 to 213.38 billion USD by 2033. Rapid urbanization and increasing smartphone penetration are driving this growth, alongside governments' push for sustainable transport alternatives.

North America Mobility As A Service Market Report:

North America, valued at 52.75 billion USD in 2023, is anticipated to reach 377.80 billion USD by 2033, spurred by substantial tech investment and an increasing shift towards shared mobility solutions.

South America Mobility As A Service Market Report:

The South American market is expected to increase from 13.77 billion USD in 2023 to 98.59 billion USD by 2033. Urban mobility challenges and the integration of public transport solutions are key factors supporting this growth.

Middle East & Africa Mobility As A Service Market Report:

The Middle East and Africa are projected to grow from 9.97 billion USD in 2023 to 71.39 billion USD by 2033, with investments in smart city projects and transport infrastructure fueling market expansion.

Request a custom research report for industry.

Mobility As A Service Market Analysis By User Type

Global Mobility-as-a-Service Market, By User Type Market Analysis (2023 - 2033)

The Mobility-as-a-Service market by user type is divided into individual users, business users, and the public sector. Individual users dominate the market, representing a significant size increase from 105.79 billion USD in 2023 to 757.65 billion USD by 2033. Business users are gaining traction due to the convenience and operational efficiency of shared mobility solutions, expected to grow from 42.86 billion USD to 306.98 billion USD in the same period. The public sector, though smaller, reveals growth potential, reaching 68.56 billion USD, driven by government partnerships aimed at enhancing urban mobility.

Mobility As A Service Market Analysis By Service Type

Global Mobility-as-a-Service Market, By Service Type Market Analysis (2023 - 2033)

In this sector, ride-hailing services lead, expected to grow from 105.79 billion USD to 757.65 billion USD by 2033. Car sharing also shows promise, expanding from 42.86 billion USD to 306.98 billion USD, while public transport integration will increase to 68.56 billion USD, driven by the need to streamline urban transportation.

Mobility As A Service Market Analysis By Pricing Model

Global Mobility-as-a-Service Market, By Pricing Model Market Analysis (2023 - 2033)

The pricing models include subscription, pay-per-use, and bundled services. The subscription model is rapidly growing, increasing from 105.79 billion USD to 757.65 billion USD by 2033. The pay-per-use model currently stands at 42.86 billion USD and is expected to reach 306.98 billion USD. Bundled services are gaining traction, valued at 68.56 billion by 2033, as users seek cost-effective transportation solutions.

Mobility As A Service Market Analysis By Technology

Global Mobility-as-a-Service Market, By Technology Market Analysis (2023 - 2033)

The technology-driven segment includes cloud platforms, mobile applications, IoT devices, and blockchain technology. Mobile applications lead the sector, expanding from 82.39 billion USD in 2023 to 590.05 billion USD by 2033. Cloud platforms and IoT devices are also expected to grow significantly, demonstrating the critical role of technology in enhancing service delivery in the MaaS ecosystem.

Mobility As A Service Market Analysis By Geographic Segment

Global Mobility-as-a-Service Market, By Geography Market Analysis (2023 - 2033)

Geographically, North America commands a leading share, with the highest growth rate expected in Europe, where the move towards sustainable transport solutions is more pronounced. The Asia Pacific market also demonstrates robust growth potential due to rapid urbanization and technological adoption.

Mobility As A Service Market Trends and Future Forecast

The Mobility as a Service market is poised for transformative growth, driven by technological advancements and regulatory support. Key trends include the emergence of autonomous vehicles, increased integration of AI for personalized user experiences, and a growing focus on environmental sustainability. By 2033, the market is projected to evolve into a multifaceted ecosystem, with challenges such as regulatory constraints and competition from traditional transport sectors. Adaptation and continuous innovation will be paramount for market stakeholders seeking to capitalize on this dynamic landscape.

Request a custom research report for industry.

Global Market Leaders and Top Companies in Mobility As A Service Industry

Uber Technologies, Inc.:

A pioneer in ride-hailing services, Uber is continuously expanding its offerings to include bike-sharing, public transport options, and delivery services.

Lyft, Inc.:

Lyft is known for its ride-sharing platform and is enhancing services to include integrated transport solutions across urban landscapes.

Moovit:

Moovit provides urban mobility solutions and public transport data, empowering users to plan their journeys effectively.

Via Transportation, Inc.:

Via is focused on optimizing public transport using technology to provide smarter urban mobility solutions, emphasizing vehicle pooling.

Grab Holdings Limited:

Grab operates in Southeast Asia, offering a diversified platform that includes ride-hailing, delivery, and payment services.

We're grateful to work with incredible clients.

Datasite
Agilent
Asten Johnson
Bio-Rad
Carl Zeiss
Dywidag
Illumina
LEK Consulting
Shell