Mobility as a Service Market size is expected to cross USD 800 Billion by the end of 2033, growing at a CAGR of 20% during the forecast period, i.e., 2023-2033. In the year 2022, the industry size of mobility as a service was over USD 200 Billion.The growth of the market is primarily attributed to the growing penetration of mobility as a service worldwide. For instance, it is estimated that by 2027, the revenue generated by the use of MaaS platforms into a single app, will be more than USD 52 billion. Moreover, increasing traction of on demand mobility services is another major factor which is estimated to boost the market growth over the forecast period.
With a rising shift away from personally-owned modes of transportation towards mobility provided as a service, the market for mobility as a service is expected to escalate in the upcoming years. Mobility as a service offer the travelers mobility solutions as per their travel needs. Specialist urban mobility applications are expanding their offerings to enable MaaS through a unified gateway that creates and manages the trip, which users can pay for with a single account. With the emerging vehicular technologies along with increasing revenue from ride-sharing services, along with the surging smart city trend, the demand for mobility as a service is on the rise amongst the mobility service providers, which in turn, is expected to create massive revenue generation opportunities for the key players operating in the global market during the forecast period. For instance, the worth of ride-sharing industry in 2021 was estimated ~ USD 61 billion.
Growth Drivers
Challenges
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Base Year |
2022 |
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Forecast Year |
2023-2033 |
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CAGR |
~20% |
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Base Year Market Size (2022) |
~ USD 200 Billion |
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Forecast Year Market Size (2033) |
~ USD 800 Billion |
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Regional Scope |
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Service Type (Car Sharing, Self-Driving, E-Hailing, Bicycle Sharing, Scooter Sharing, Bus Sharing)
The global mobility as a service market is segmented and analyzed for demand and supply by service type into car sharing, self-driving, e-hailing, bicycle sharing, scooter sharing, and bus sharing. Amongst these segments, the car sharing segment is anticipated to garner the largest revenue by the end of 2033, backed by the growing use of big data as well as massive surge in robotics along with the increase in the number of people opting for car sharing worldwide. For instance, with car sharing only bound to get better, it is estimated that around 400 million people will rely on robotic car sharing by 2030.Our in-depth analysis of the global market includes the following segments:
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By Service Type |
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By Vehicle Type |
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By Operating System |
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By Application |
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The Asia Pacific mobility as a service market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2033, backed by the presence of a strong shared mobility network in the region, growing cities with the facilities of dockless bike-sharing systems along with surge in the share ride-hailing services. For instance, it was found that the share of ride-hailing services in China exceeded ~30% of total taxi transport volume in 2021.
SkedGo Pty Limited – announced its collaboration with the City of Darwin to launch the Darwin Journey Planner. The collaboration will mark SkedGo’s fifth Australian MaaS project.
Sun Mobility Private Limited - announced its new service offering - Integrated Mobility-as-a-Service (MaaS). The organization is a leading provider of energy infrastructure and services for electric vehicles (EVs), built on top of its innovative battery swapping technology.
Author Credits: Abhishek Verma, Hetal Singh
