Mobility As A Service Market Size Report and Growth Analysis 2025

Mobility as a Service (MaaS) Market Forecast to 2025 - COVID-19 Impact and Global Analysis by Service Type (Self-driving Car Service, Ride-Hailing, Car Sharing, Bi-Cycle Sharing and Bus Sharing); Application Platform (Android and iOS); Business Model (B2B, B2C and P2P); & Vehicle Type (Passenger Cars, Bike and Bus)

Publication Month : Feb 2018

  • Report Code : TIPTE100000803
  • Category : Automotive and Transportation
  • Status : Published
  • No. of Pages : 190
Inquire Before Buy

PRICING

$4550

$2730

[Research Report] The mobility as a service (MaaS) market was valued at US$ 44.33 billion in 2017 and is projected to reach US$ 476.34 billion by 2025; it is expected to grow at a CAGR of 36.4% from 2018 to 2025.

Analyst Perspective:

The mobility as a service (MaaS) market has been experiencing rapid growth and transformation in recent years. MaaS refers to a concept where various modes of transportation, such as public transit, ride-sharing, bike-sharing, and car-sharing, are integrated into a single platform or service, providing users with a seamless and convenient transportation experience. The MaaS market has gained significant traction due to the increasing demand for sustainable and efficient transportation solutions, advancements in technology, and the rise of the sharing economy. MaaS platforms typically offer users a range of options, including real-time travel information, booking and payment services, and personalized route planning, all accessible through mobile applications or online platforms. One of the key drivers of the MaaS market is the growing urbanization and congestion in cities worldwide. As more people move to cities, efficient transportation becomes crucial. MaaS aims to address these challenges by providing users with a comprehensive range of transportation options tailored to their specific needs. This can help reduce reliance on private vehicles, alleviate traffic congestion, and improve overall transportation efficiency. The advancements in digital technologies, such as mobile connectivity, GPS, and data analytics, have enabled the seamless integration of different transportation modes within MaaS platforms. This integration allows users to plan, book, and pay for their entire journey using a single application, eliminating the need for multiple tickets or separate payment systems. Data collected from users' travel patterns and preferences can be leveraged to optimize transportation networks, improve service quality, and enhance the overall user experience. The MaaS market is also witnessing increased collaboration among stakeholders, including transportation operators, technology providers, and governments. Public-private partnerships are forming to develop MaaS ecosystems that integrate public transit with private mobility services. Governments recognize the potential of MaaS to address transportation challenges and actively support its implementation through policy frameworks and funding initiatives.

Market Overview:

A customer-focused transport concept is called "mobility as a service." The service allows customers to plan, reserve, and pay for a variety of mobility services. It integrates transportation options like taxis, automobile rentals/lease, and bike and car sharing through digital channels. The major goal of MaaS development is to offer travelers mobility solutions tailored to their travel needs.

Customize Research To Suit Your Requirement

We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.

Mobility as a Service (MaaS) Market: Strategic Insights

mobility-as-a-service-market
Market Size Value inUS$ 44.33 billion in 2017
Market Size Value byUS$ 476.34 billion by 2025
Growth rateCAGR of 36.4% from 2018 to 2025
Forecast Period2018-2025
Base Year2018
Analyst Image

Naveen

Have a question?

Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.

Analyst Image  Speak to Analyst

Market Driver:

The Increasing Urbanization and Smart City Initiatives to Drive Growth of Mobility as a Service Market

The increasing urbanization and smart city initiatives play a vital role in driving the development of the Mobility as a Service (MaaS) market. As cities worldwide grapple with rising population densities, traffic congestion, and environmental concerns, the concept of MaaS emerges as a promising solution to address these challenges. Urbanization leads to a higher concentration of people in cities, resulting in increased demand for efficient and sustainable transportation options. MaaS offers a holistic approach to Mobility by integrating various modes of transportation, such as public transit, ridesharing, bike-sharing, and even autonomous vehicles, into a single platform. This integrated approach allows urban dwellers to conveniently plan, book, and pay for their journeys, eliminating relying solely on private vehicles. By offering diverse transportation options through MaaS, cities can reduce congestion, alleviate parking issues, and enhance overall transportation efficiency. Smart city initiatives further propel the growth of MaaS by leveraging technology and data to optimize urban Mobility. Smart cities deploy intelligent transportation systems, sensors, and connectivity to gather real-time data on traffic patterns, parking availability, and public transit utilization. This data is then used to develop predictive algorithms and provide personalized recommendations to users through MaaS platforms. By harnessing technology and data-driven insights, MaaS enables cities to offer seamless and efficient transportation services, ultimately improving the quality of life for residents.

Moreover, smart city initiatives often prioritize sustainability and environmental considerations. MaaS aligns perfectly with these goals by promoting shared Mobility, reducing reliance on private vehicles, and integrating electric vehicles into the transportation ecosystem. Through MaaS, cities can encourage public transit, ridesharing, and other eco-friendly modes of transportation, thereby reducing carbon emissions and improving air quality. This alignment with sustainability objectives makes MaaS an attractive solution for smart cities seeking to create greener and more livable urban environments. In addition, smart city infrastructure, such as digital payment systems, connected mobility platforms, and smart transportation hubs, provides a solid foundation for MaaS deployment. These technological advancements facilitate the seamless integration of different transportation modes, enabling users to effortlessly access and pay for services. The convenience and ease of use offered by MaaS platforms encourage more individuals to adopt sustainable and multimodal transportation options, further driving the market's growth.

Segmental Analysis:

Based on application platform the market is categorized as android, iOS, and others. The android segment held the largest share of the mobility as a service market in 2020 and is anticipated to register the highest CAGR in the market during the forecast period. The Android segment has emerged as the leader in the Mobility as a Service (MaaS) market, holding the largest share. This can be attributed to widespread adoption, open-source nature, compatibility with diverse hardware and connectivity options, a robust app ecosystem, and integration with other Google services. Android's large user base, extensive developer community, and availability of a wide range of MaaS applications and solutions have contributed to its dominance in the market. Furthermore, Android's integration with Google Maps and its ability to support multiple transportation modes has strengthened its position as the preferred platform for MaaS providers.

Regional Analysis:

The Asia Pacific mobility as a service market was valued at US$ 16.23 billion in 2017 and is projected to reach US$ 198.29 billion by 2025; it is expected to grow at a CAGR of 38.9% during the forecast period. The Asia Pacific region has emerged as a leader in the Mobility as a Service (MaaS) market, taking a prominent position due to several key factors. The region's rapid urbanization and population growth have created a strong demand for efficient and sustainable transportation solutions. The densely populated cities in countries like China, India, Japan, and South Korea face significant traffic congestion and pollution challenges. MaaS offers a promising solution by providing integrated and multimodal transportation options, allowing users to navigate these urban environments easily. The Asia Pacific region has witnessed remarkable digital infrastructure and mobile technology advancements. With a high penetration of smartphones and widespread access to mobile internet, the region is well-equipped to support MaaS platforms and services. The tech-savvy population in countries like South Korea and Japan, known for their early adoption of technology, further drives the growth of MaaS in the region.

Furthermore, supportive government policies and initiatives have played a vital role in fostering the development of MaaS in the Asia Pacific. Governments in countries like Singapore and China have actively promoted smart city initiatives and sustainable transportation systems, offering incentives and regulatory frameworks to encourage the adoption of MaaS. These efforts have created an enabling environment for MaaS providers to operate and expand their services. Grab, Gojek and Didi Chuxing have established a strong presence, offering a wide range of mobility services beyond traditional ride-hailing, including bike-sharing, car-sharing, and integrated transportation platforms. These companies have built extensive networks and user bases, driving the overall adoption of MaaS in the region. Also, the cultural and geographical diversity of the Asia Pacific region presents unique opportunities for MaaS providers. Different countries have distinct transportation needs and preferences, necessitating customized and localized solutions. MaaS providers that can adapt their services to cater to the specific demands of each market have gained a competitive edge in the region.

Key Player Analysis:

The mobility as a service market analysis consists of the players such as Lyft, Inc., Uber Technologies, Inc., Moovel Group GmbH, Beeline Singapore, Whim App (MaaS Global Oy), Splyt Technologies Ltd., Qixxit, UbiGo AB, Tethys Technology, Inc., Smile Mobility, SkedGo Pty Ltd, Transit Systems Pty Ltd., and Citymapper. Among the players in the mobility as a service Moovel Group GmbH and Smile Mobility are the top two players owing to the diversified product portfolio offered.

Recent Developments:

Inorganic and organic strategies such as mergers and acquisitions are highly adopted by companies in the mobility as a service market. A few recent key market developments are listed below: 

  • In August 2022, Lime, an electric vehicle company, and Whim, a mobility app, expanded their collaboration to another country. In June 2022, Whim launched e-scooters in Antwerp and Brussels, Belgium, followed by Helsinki, Finland. Whim has access to all Lime e-scooters in Zurich, Winterthur, and Basel. Whim, in addition to two other e-scooter providers in more than ten cities, allows users to plan, book, and pay for trips using multiple modes of transportation.
  • In May 2022, FOD Mobility Group introduces customized marketing support services for Mobilleo customers. FOD Mobility Group now offers a comprehensive range of tailored marketing support services for clients who may not have the necessary marketing experience or resources in-house, in addition to providing the Mobility as a Service (MaaS) technology itself via their market-leading Mobile platform.
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Service Type, Application Platform, Business Model, & Vehicle Type

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

This text is related
to country scope.

The List of Companies - Mobility as a Service (MaaS) Market


1. Lyft, Inc.2. Uber Technologies, Inc.3. Beeline Singapore4. SkedGo Pty Ltd.5. UbiGo AB6. MaaS Global Oy7. Moovel Group GmBH8. Qixxit9. Splyt Technologies Ltd.10. Transit Systems Pty Ltd.11. Smile Mobility12. Citymapper

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.

Trends and growth analysis reports related to Mobility as a Service (MaaS) Market