Mobility as a Service Market

Market Leaders - Mobility as a Service Market

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 market is consolidated, with five major players?Moovit (Israel), MaaS Global (Finland), Citymapper (UK), FOD Mobility UK Ltd. (UK), and SkedGo (Australia) leading the market. These players hold over 75-80% of the market share. New product development, partnership, and joint venture strategy have been the most dominating strategy adopted by major players from 2019 to 2022, which helped them to innovate their offerings and broaden their customer base.

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Moovit is ranked as the top player in the market because of its focus on organic as well as inorganic growth strategies. On November 2022, Moovit announced a new feature enabling commuters to decrease uncertainty and stress. The feature will allow Moovit users to follow their transit line’s movements along the map in real time for an additional layer of reliable information on route progress. Available for buses, trains, trams, subways, ferries, and even cable cars with GPS tracking, the feature will initially roll out in more than 220 cities across 38 countries. Primary respondents also ranked this company as the leading player in this market.

MaaS Global is another leading player because of its diversified MaaS solutions across different modes of transportation. In August 2022, the collaboration between electric vehicle company Lime and mobility app Whim expanded to Switzerland; all Lime e-scooters on the streets of Zurich, Winterthur, and Basel can now be found on Whim. The company reported multiple partnerships for mobility as a service with start-ups and transport companies from 2020-2022.

Citymapper, another key player in the mobility as a service market, has a strong focus on new product development. The company has a strong foothold in Europe, particularly in the UK. Primary respondents also pegged it as an important player in the MaaS market.

FOD Mobility UK Ltd. continues to maintain its focus on product launches. For instance, in April 2019, the company included a ride-hailing travel option in its Mobilleo platform that locates and calls a nearby taxi service. Through the ride-hailing option, a traveler can now use a single platform to book a taxi anywhere around the globe. Partnerships with several taxi suppliers have enabled Mobilleo to aggregate all available taxi services into one easy-to-navigate platform.

SkedGo is another key player, primarily due to its product launches, especially in the Asia Pacific region. In Oct 2022, SkedGo announced its support for the Leicester Buses Partnership in the UK. SkedGo’s involvement sees its innovative journey planner widget embedded into the Leicester Buses website to offer travelers preference-based, door-to-door bus trip planning. It also helps promote a wide range of local bus travel options.

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

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Mobility as a Service Market Size,  Share & Growth Report
Report Code
AT 7286
RI Published ON
12/9/2021
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