The Mobility as a Service (MaaS) market is rapidly expanding as urbanization, digital transformation, and the shift towards sustainable transportation solutions continue to gain momentum. MaaS integrates various transportation services, including public transit, ride-sharing, and vehicle rentals, into a single accessible platform, allowing users to plan, book, and pay for trips seamlessly. This evolution in transportation models is revolutionizing how people travel, offering more convenience and flexibility. With growing demand for integrated, eco-friendly transportation options, MaaS is positioned to reshape urban mobility and provide efficient solutions to reduce congestion and emissions.
Global mobility as a service market size and share is currently valued at USD 134.34 billion in 2023 and is anticipated to generate an estimated revenue of USD 1,909.39 billion by 2032, according to the latest study by Polaris Market Research. Besides, the report notes that the market exhibits a robust 34.3% Compound Annual Growth Rate (CAGR) over the forecasted timeframe, 2023 – 2032
Key Market Drivers:
- Rising Urbanization: Increased urban population drives the demand for efficient, integrated transportation solutions.
- Sustainability Initiatives: Growing focus on reducing carbon footprints accelerates the adoption of eco-friendly mobility options.
- Digital Transformation: Advancements in mobile applications, IoT, and big data enable seamless, user-friendly MaaS experiences.
- Government Support and Policies: Supportive policies and investments in infrastructure are pushing the development of integrated mobility solutions.
Future Outlook:
The MaaS market is expected to grow rapidly, driven by innovations in electric vehicles (EVs), autonomous transport, and further integration of multi-modal transport systems. As governments and private companies focus on creating smart cities, MaaS will play a central role in promoting sustainable, congestion-free, and flexible urban transportation. The emergence of 5G technology will further enhance MaaS platforms, offering faster and more reliable services. As consumer preferences shift towards on-demand, flexible travel options, the MaaS market will continue to evolve, with new models and services emerging to meet diverse mobility needs. Increased partnerships between technology providers and transport operators will be key to expanding MaaS offerings.
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https://www.polarismarketresearch.com/industry-analysis/mobility-as-a-service-market
Key Companies in Mobility as a Service Market:
- ANI Technologies Pvt. Ltd
- BlaBlaCar
- Careem
- Citymapper
- Cubic Transportation Systems, Inc.
- Europcar
- Fluidtime
- Grab Holdings Limited
- Lyft, Inc.
- MaaS Global
- MOBIKO
- Moovel North America, LLC.
- Moovit
- SkedGo
- Uber Technologies, Inc
Mobility as a Service Market Segmentation:
Polaris Market Research has segmented the MaaS market based on solution (platform, software, services), service (ride-hailing, car rentals, bike-sharing), transportation type (private, shared, public), payment type (subscription-based, pay-per-use), and application (commuting, tourism, business travel). This segmentation helps to identify key growth areas and trends within the MaaS ecosystem.
Mobility as a Service, Solution Outlook (Revenue – USD Billion, 2019 – 2032)
- Booking & Ticketing Solutions
- Application Technology Solutions
- Journey Planning & Management Solutions
- Payment Solutions
- Others
Mobility as a Service, Service Outlook (Revenue – USD Billion, 2019 – 2032)
- Public Transport Services
- Ride-sharing Services
- Ride-hailing Services
- Micromobility Services
- Others
Mobility as a Service, Transportation Type Outlook (Revenue – USD Billion, 2019 – 2032)
- Public Transportation
- Private Transportation
Mobility as a Service, Payment Type Outlook (Revenue – USD Billion, 2019 – 2032)
- Subscription-based
- On-demand
Mobility as a Service, Application Outlook (Revenue – USD Billion, 2019 – 2032)
- Peer-to-Peer
- Business-to-Consumer
- Business-to-Business
Mobility as a Service Industry Developments:
Recent developments in the MaaS market include the integration of AI and machine learning into platforms to enhance route optimization and user experience. Collaborations between MaaS providers and traditional transportation networks have led to more seamless and varied service offerings. The growing adoption of electric vehicles and green transport options is being incorporated into MaaS solutions to meet sustainability goals. MaaS platforms are now increasingly offering real-time data analytics for improved service management. Additionally, subscription-based and flexible payment models are gaining popularity among users for more affordable mobility options.
The Mobility as a Service market is set for substantial growth as it reshapes how people experience transportation, making it more flexible, sustainable, and cost-efficient. With advancements in technology, government backing, and increasing demand for integrated solutions, MaaS is poised to become a key player in the future of urban mobility.
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