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3. Mobility as a Service Industry - Forthcoming Trends to Fuel the Global Growth

Mobility as a Service market is projected to grow from USD 5.7 billion in 2023 to USD 40.1 billion by 2030, at a CAGR of 32.2% over the forecast period. The prices of fossil fuels have been increasing continuously with the volatile oil prices, which in turn increases transportation costs. With increasing inflation, owning a car has become a challenge, so people are switching to alternate modes of transportation, such as ride-hailing or car-sharing services. These services are flexible and convenient, and cost-effective for consumers.  Finding a proper parking space and paying for the same has become a big hassle for commuters. Such factors are driving the consumers towards MaaS.

The mobility as a service industry is undergoing rapid evolution, driven by emerging trends and global forecasts.

Emerging trends in the global Mobility as a Service Market are:

• Multi-Modal Integration
• Autonomous Vehicle Expansion
• Demand-Responsive Solutions
• Sustainability Focus
• Collaborative Ecosystems

These emerging trends collectively propel the growth and evolution of the mobility-as-a-service industry, fostering advancements in urban transportation, connectivity, and user-centric mobility solutions on a global scale.

To know about the assumptions considered for the study download the pdf brochure

Multi-Modal Integration:

• MaaS platforms are amalgamating various transportation modes, like ride-sharing, public transit, bike-sharing, and micro-mobility, streamlining journeys through a single app for enhanced urban mobility.

Autonomous Vehicle Expansion:

• The integration of autonomous vehicles (AVs) into MaaS fleets is gaining traction, promising self-driving transport options to users, potentially reducing congestion and emissions while boosting accessibility.

Demand-Responsive Solutions:

• MaaS services are evolving with predictive analytics to offer personalized, real-time transportation solutions, adapting to individual preferences and optimizing routes for efficiency.

Sustainability Focus:

• MaaS providers are prioritizing eco-friendly options, promoting EVs, carpooling, and low-emission modes to mitigate environmental impact and foster sustainable urban mobility.

Collaborative Ecosystems:

• Partnerships among MaaS entities, transport agencies, tech firms, and city planners are fostering integrated mobility ecosystems, addressing urban transportation challenges through data-sharing and coordinated strategies.

Related Reports:

Mobility as a Service Market by Service (Ride-Hailing, Car Sharing, micro-mobility, Bus, Train), Solution, Transportation, Vehicle, OS, Business Model, Payment (Subscription, PAYG), Commute (Daily, Last Mile, Occasional) Region - Global Forecast to 2030