Mobility as a Service Market by Service (Ride-Hailing, Car Sharing, Micro Mobility, Bus Sharing, Train) - Global Forecast to 2030

The global Mobility as a Service Market, by value, is projected to grow from USD 3.3 billion in 2021 to USD 40.1 billion by 2030, at a CAGR of 32.2% during the forecast period. The growth of this market is influenced by factors such as increasing smart city initiatives, growing adoption of on-demand mobility services, the need to reduce CO2 emissions, improved 4G/5G infrastructure, and the penetration of smartphones. Therefore, the mobility as a service market is expected to witness significant growth in the future.

Browse?271 market data Tables and?47 Figures spread through?214 Pages and in-depth TOC on?"Mobility as a Service Market by Service (Ride-Hailing, Car Sharing, Micro Mobility, Bus Sharing, Train), Solution, Application, Transportation, Vehicle, Operating System, Business Model, Propulsion & Region - Forecast to 2030"

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Market Dynamics

Driver: Increasing urbanization and smart city initiatives

Mobility as a service implementations are driven by regulations and an emerging focus on smart city initiatives. Countries are formulating new regulations to encourage the use of mobility as a service in transportation. For instance, the Finnish Act on Transport Services came into force in 2018 and aims to promote the implementation of mobility as a service, amongst other things. France is also at the forefront of the development of new mobility schemes and mobility as a service models. On November 19th, 2019, the French Parliament adopted the “Mobility Orientation Act”, covering all aspects of terrestrial transportation: individual and shared cars, carpooling, buses, railways, and chauffeur-driven vehicles, along with micro-mobility such as rental bikes or electric scooters.

Opportunities: Increasing use of autonomous cars and electric vehicles

Mobility as a service uses public as well as private vehicles, where a majority of the revenue is generated from ride-sharing services.?Autonomous cars?will reduce the need for private vehicle ownership and the burdens that come along with it. Riders will no longer be responsible for driving which will help ride-sharing companies to increase their revenue as approximately 60-70%% of its revenue is shared with drivers for each ride. Experts predict that autonomous cars will be available commercially in 2022 and, by 2025, these vehicles will contribute towards a significant volume of new vehicle sales.

Asia Oceania projected to be the largest mobility as a service market by 2030

A high population growth rate and increasing urbanization in the region have intensified the need for efficient transportation. Developing countries in Asia Oceania are expected to experience significant growth in urban transportation with many countries in the region shifting their focus toward smart personal mobility to reduce travel time and congestion. The market size in Asia Oceania is estimated to be the largest, at USD 1,431.3 million in 2021, which can be attributed to the significant growth potential in India, China, Australia, and Singapore. With increasing focus on?smart cities?and improving 5G infrastructure, Asia Oceania is also projected to have the largest market share by 2030.

Key Market Players & Start-ups

The mobility as a service market is dominated by major players such as?Moovit Inc.?(Israel),?MaaS Global Oy?(Finland),?Citymapper?(UK),?Mobilleo?(UK),?SkedGo Pty Ltd?(Australia), UbiGo (Sweden), Splyt (UK), Qixxit (Germany), Communauto (Canada), and Tranzer (Netherlands).

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