Mobility As A Service Market Size Report and Growth Analysis 2025
[Research Report] The mobility as a service (MaaS) market was valued at US$ 44.33 billion in 2017 and is projected to reach US$ 476.34 billion by 2025; it is expected to grow at a CAGR of 36.4% from 2018 to 2025.
Analyst Perspective:
The mobility as a service (MaaS) market has been experiencing rapid growth and transformation in recent years. MaaS refers to a concept where various modes of transportation, such as public transit, ride-sharing, bike-sharing, and car-sharing, are integrated into a single platform or service, providing users with a seamless and convenient transportation experience. The MaaS market has gained significant traction due to the increasing demand for sustainable and efficient transportation solutions, advancements in technology, and the rise of the sharing economy. MaaS platforms typically offer users a range of options, including real-time travel information, booking and payment services, and personalized route planning, all accessible through mobile applications or online platforms. One of the key drivers of the MaaS market is the growing urbanization and congestion in cities worldwide. As more people move to cities, efficient transportation becomes crucial. MaaS aims to address these challenges by providing users with a comprehensive range of transportation options tailored to their specific needs. This can help reduce reliance on private vehicles, alleviate traffic congestion, and improve overall transportation efficiency. The advancements in digital technologies, such as mobile connectivity, GPS, and data analytics, have enabled the seamless integration of different transportation modes within MaaS platforms. This integration allows users to plan, book, and pay for their entire journey using a single application, eliminating the need for multiple tickets or separate payment systems. Data collected from users' travel patterns and preferences can be leveraged to optimize transportation networks, improve service quality, and enhance the overall user experience. The MaaS market is also witnessing increased collaboration among stakeholders, including transportation operators, technology providers, and governments. Public-private partnerships are forming to develop MaaS ecosystems that integrate public transit with private mobility services. Governments recognize the potential of MaaS to address transportation challenges and actively support its implementation through policy frameworks and funding initiatives.
Market Overview:
A customer-focused transport concept is called "mobility as a service." The service allows customers to plan, reserve, and pay for a variety of mobility services. It integrates transportation options like taxis, automobile rentals/lease, and bike and car sharing through digital channels. The major goal of MaaS development is to offer travelers mobility solutions tailored to their travel needs.
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Mobility as a Service (MaaS) Market: Strategic Insights
Market Size Value in US$ 44.33 billion in 2017 Market Size Value by US$ 476.34 billion by 2025 Growth rate CAGR of 36.4% from 2018 to 2025 Forecast Period 2018-2025 Base Year 2018
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Mobility as a Service (MaaS) Market: Strategic Insights
| Market Size Value in | US$ 44.33 billion in 2017 |
| Market Size Value by | US$ 476.34 billion by 2025 |
| Growth rate | CAGR of 36.4% from 2018 to 2025 |
| Forecast Period | 2018-2025 |
| Base Year | 2018 |
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Market Driver:
The Increasing Urbanization and Smart City Initiatives to Drive Growth of Mobility as a Service Market
The increasing urbanization and smart city initiatives play a vital role in driving the development of the Mobility as a Service (MaaS) market. As cities worldwide grapple with rising population densities, traffic congestion, and environmental concerns, the concept of MaaS emerges as a promising solution to address these challenges. Urbanization leads to a higher concentration of people in cities, resulting in increased demand for efficient and sustainable transportation options. MaaS offers a holistic approach to Mobility by integrating various modes of transportation, such as public transit, ridesharing, bike-sharing, and even autonomous vehicles, into a single platform. This integrated approach allows urban dwellers to conveniently plan, book, and pay for their journeys, eliminating relying solely on private vehicles. By offering diverse transportation options through MaaS, cities can reduce congestion, alleviate parking issues, and enhance overall transportation efficiency. Smart city initiatives further propel the growth of MaaS by leveraging technology and data to optimize urban Mobility. Smart cities deploy intelligent transportation systems, sensors, and connectivity to gather real-time data on traffic patterns, parking availability, and public transit utilization. This data is then used to develop predictive algorithms and provide personalized recommendations to users through MaaS platforms. By harnessing technology and data-driven insights, MaaS enables cities to offer seamless and efficient transportation services, ultimately improving the quality of life for residents.
Moreover, smart city initiatives often prioritize sustainability and environmental considerations. MaaS aligns perfectly with these goals by promoting shared Mobility, reducing reliance on private vehicles, and integrating electric vehicles into the transportation ecosystem. Through MaaS, cities can encourage public transit, ridesharing, and other eco-friendly modes of transportation, thereby reducing carbon emissions and improving air quality. This alignment with sustainability objectives makes MaaS an attractive solution for smart cities seeking to create greener and more livable urban environments. In addition, smart city infrastructure, such as digital payment systems, connected mobility platforms, and smart transportation hubs, provides a solid foundation for MaaS deployment. These technological advancements facilitate the seamless integration of different transportation modes, enabling users to effortlessly access and pay for services. The convenience and ease of use offered by MaaS platforms encourage more individuals to adopt sustainable and multimodal transportation options, further driving the market's growth.
Segmental Analysis:
Based on application platform the market is categorized as android, iOS, and others. The android segment held the largest share of the mobility as a service market in 2020 and is anticipated to register the highest CAGR in the market during the forecast period. The Android segment has emerged as the leader in the Mobility as a Service (MaaS) market, holding the largest share. This can be attributed to widespread adoption, open-source nature, compatibility with diverse hardware and connectivity options, a robust app ecosystem, and integration with other Google services. Android's large user base, extensive developer community, and availability of a wide range of MaaS applications and solutions have contributed to its dominance in the market. Furthermore, Android's integration with Google Maps and its ability to support multiple transportation modes has strengthened its position as the preferred platform for MaaS providers.
Regional Analysis:
The Asia Pacific mobility as a service market was valued at US$ 16.23 billion in 2017 and is projected to reach US$ 198.29 billion by 2025; it is expected to grow at a CAGR of 38.9% during the forecast period. The Asia Pacific region has emerged as a leader in the Mobility as a Service (MaaS) market, taking a prominent position due to several key factors. The region's rapid urbanization and population growth have created a strong demand for efficient and sustainable transportation solutions. The densely populated cities in countries like China, India, Japan, and South Korea face significant traffic congestion and pollution challenges. MaaS offers a promising solution by providing integrated and multimodal transportation options, allowing users to navigate these urban environments easily. The Asia Pacific region has witnessed remarkable digital infrastructure and mobile technology advancements. With a high penetration of smartphones and widespread access to mobile internet, the region is well-equipped to support MaaS platforms and services. The tech-savvy population in countries like South Korea and Japan, known for their early adoption of technology, further drives the growth of MaaS in the region.
Furthermore, supportive government policies and initiatives have played a vital role in fostering the development of MaaS in the Asia Pacific. Governments in countries like Singapore and China have actively promoted smart city initiatives and sustainable transportation systems, offering incentives and regulatory frameworks to encourage the adoption of MaaS. These efforts have created an enabling environment for MaaS providers to operate and expand their services. Grab, Gojek and Didi Chuxing have established a strong presence, offering a wide range of mobility services beyond traditional ride-hailing, including bike-sharing, car-sharing, and integrated transportation platforms. These companies have built extensive networks and user bases, driving the overall adoption of MaaS in the region. Also, the cultural and geographical diversity of the Asia Pacific region presents unique opportunities for MaaS providers. Different countries have distinct transportation needs and preferences, necessitating customized and localized solutions. MaaS providers that can adapt their services to cater to the specific demands of each market have gained a competitive edge in the region.
Mobility As A Service Market Report Scope
Key Player Analysis:
The mobility as a service market analysis consists of the players such as Lyft, Inc., Uber Technologies, Inc., Moovel Group GmbH, Beeline Singapore, Whim App (MaaS Global Oy), Splyt Technologies Ltd., Qixxit, UbiGo AB, Tethys Technology, Inc., Smile Mobility, SkedGo Pty Ltd, Transit Systems Pty Ltd., and Citymapper. Among the players in the mobility as a service Moovel Group GmbH and Smile Mobility are the top two players owing to the diversified product portfolio offered.
Recent Developments:
Inorganic and organic strategies such as mergers and acquisitions are highly adopted by companies in the mobility as a service market. A few recent key market developments are listed below:
- In August 2022, Lime, an electric vehicle company, and Whim, a mobility app, expanded their collaboration to another country. In June 2022, Whim launched e-scooters in Antwerp and Brussels, Belgium, followed by Helsinki, Finland. Whim has access to all Lime e-scooters in Zurich, Winterthur, and Basel. Whim, in addition to two other e-scooter providers in more than ten cities, allows users to plan, book, and pay for trips using multiple modes of transportation.
- In May 2022, FOD Mobility Group introduces customized marketing support services for Mobilleo customers. FOD Mobility Group now offers a comprehensive range of tailored marketing support services for clients who may not have the necessary marketing experience or resources in-house, in addition to providing the Mobility as a Service (MaaS) technology itself via their market-leading Mobile platform.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Service Type, Application Platform, Business Model, & Vehicle Type
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Table of Contents
1 Table of Contents 2
1.1 List of Tables 10
1.2 List of Figures 12
2 Introduction 16
2.1 Scope of the Study 16
2.2 The Insight Partners Research Report Guidance 16
3 Key Takeaways 18
4 Market Landscape 21
4.1 Market Overview 21
4.2 Market Segmentation 22
4.2.1 Global Mobility as a Service Market – By Service Type 23
4.2.2 Global Mobility as a Service Market – By Application Platform 24
4.2.3 Global Mobility as a Service Market – By Business Model 24
4.2.4 Global Mobility as a Service Market – By Vehicle Type 24
4.2.5 Global Mobility as a Service Market – By Geography 24
4.3 PEST Analysis 26
4.3.1 North America PEST Analysis 26
4.3.2 Europe PEST Analysis 29
4.3.3 Asia Pacific PEST Analysis 31
4.3.4 Middle East & Africa PEST Analysis 34
4.3.5 South America PEST Analysis 37
5 Global Mobility as a Service Market – Key Industry Dynamics 39
5.1 Key Market Drivers 39
5.1.1 Rapid urbanization leading to increased pressures on the transportation infrastructure 39
5.1.2 Demands for a one-stop solution fulfilling seamless transportation service needs 39
5.1.3 Proliferation of large number of OEMs into the MaaS market 40
5.2 Key Market Restraints 41
5.2.1 Apprehensions about seamless connectivity amongst the various stakeholders involved in the MaaS ecosystem 41
5.2.2 Huge initial investments and the lack of availability of technological expertise 41
5.3 Key Market Opporunities 42
5.3.1 Advancing technological infrastructure and ease of access to data worldwide 42
5.4 Future Trends 43
5.4.1 Convergence of various transport chains forming a holistic transport service ecosystem 43
5.5 Impact Analysis of Drivers and Restraints 44
6 Mobility as a Service Market – Global 45
6.1 Global Mobility as a Service Market Overview 45
6.2 Global Mobility as a Service Market Forecast and Analysis 46
7 Global Mobility as a Service Market Analysis – By Service Type 48
7.1 Overview 48
7.2 Self-driving car service 50
7.2.1 Overview 50
7.2.2 Global Self-driving Car Service Market Revenue and Forecasts to 2025 (US$ Bn) 50
7.3 Ride-Hailing 51
7.3.1 Overview 51
7.3.2 Global Ride-Hailing Market Revenue and Forecasts to 2025 (US$ Bn) 51
7.4 Car Sharing 53
7.4.1 Overview 53
7.4.2 Global Car Sharing Market Revenue and Forecasts to 2025 (US$ Bn) 53
7.5 Bi-cycle Sharing 55
7.5.1 Overview 55
7.5.2 Global Bi-cycle Sharing Market Revenue and Forecasts to 2025 (US$ Bn) 55
7.6 Bus Sharing 57
7.6.1 Overview 57
7.6.2 Global Bus Sharing Market Revenue and Forecasts to 2025 (US$ Bn) 57
8 Global Mobility as a Service Market Analysis – By Application Platform 59
8.1 Overview 59
8.2 Android 60
8.2.1 Overview 60
8.2.2 Global Android Market Revenue and Forecasts to 2025 (US$ Bn) 60
8.3 iOS 61
8.3.1 Overview 62
8.3.2 Global iOS Market Revenue and Forecasts to 2025 (US$ Bn) 62
8.4 Others 63
8.4.1 Overview 63
8.4.2 Global Others Market Revenue and Forecasts to 2025 (US$ Bn) 63
9 Global Mobility as a Service Market Analysis – By Business Model 64
9.1 Overview 64
9.2 B2B 66
9.2.1 Overview 66
9.2.2 Global B2B Market Revenue and Forecasts to 2025 (US$ Bn) 66
9.3 B2C 68
9.3.1 Overview 68
9.3.2 Global B2C Market Revenue and Forecasts to 2025 (US$ Bn) 68
9.4 P2P 70
9.4.1 Overview 70
9.4.2 Global P2P Market Revenue and Forecasts to 2025 (US$ Bn) 70
10 Global Mobility as a Service Market Analysis – By Vehicle Type 72
10.1 Overview 72
10.2 Passenger Cars 73
10.2.1 Overview 73
10.2.2 Global Passenger Cars Market Revenue and Forecasts to 2025 (US$ Bn) 73
10.3 Bike 75
10.3.1 Overview 75
10.3.2 Global Bike Market Revenue and Forecasts to 2025 (US$ Bn) 75
10.4 Bus 76
10.4.1 Overview 76
10.4.2 Global Bus Market Revenue and Forecasts to 2025 (US$ Bn) 76
11 Global Mobility as a Service Market – Geographical Analysis 78
11.1 Overview 78
11.2 North America Mobility as a Service Market Revenue and Forecasts to 2025 79
11.2.1 Overview 79
11.2.2 North America Mobility as a Service Market Revenue and Forecasts to 2025 (US$ Bn) 80
11.2.3 North America Mobility as a Service Market Breakdown by Key Countries 81
11.2.3.1 U.S. Mobility as a Service Market Revenue and Forecasts to 2025 (US$ Bn) 82
11.2.3.2 Canada Mobility as a Service Market Revenue and Forecasts to 2025 (US$ Bn) 83
11.2.3.3 Mexico Mobility as a Service Market Revenue and Forecasts to 2025 (US$ Bn) 84
11.2.4 North America Mobility as a Service Market Breakdown by Service Type 85
11.2.5 North America Mobility as a Service Market Breakdown by Application Platform 87
11.2.6 North America Mobility as a Service Market Breakdown by Business Model 89
11.2.7 North America Mobility as a Service Market Breakdown by Vehicle Type 91
11.3 Europe Mobility as a Service Market Revenue and Forecasts to 2025 93
11.3.1 Overview 93
11.3.2 Europe Mobility as a Service Market Revenue and Forecasts to 2025 (US$ Bn) 94
11.3.3 Europe Mobility as a Service Market Breakdown by Key Countries 95
11.3.3.1 France Mobility as a Service Market Revenue and Forecasts to 2025 (US$ Bn) 96
11.3.3.2 Germany Mobility as a Service Market Revenue and Forecasts to 2025 (US$ Bn) 97
11.3.3.3 Italy Mobility as a Service Market Revenue and Forecasts to 2025 (US$ Bn) 98
11.3.3.4 Spain Mobility as a Service Market Revenue and Forecasts to 2025 (US$ Bn) 99
11.3.3.5 UK Mobility as a Service Market Revenue and Forecasts to 2025 (US$ Bn) 100
11.3.3.6 Rest of Europe Mobility as a Service Market Revenue and Forecasts to 2025 (US$ Bn) 101
11.3.4 Europe Mobility as a Service Market Breakdown by Service Type 102
11.3.5 Europe Mobility as a Service Market Breakdown by Application Platform 103
11.3.6 Europe Mobility as a Service Market Breakdown by Business Model 105
11.3.7 Europe Mobility as a Service Market Breakdown by Vehicle Type 106
11.4 Asia Pacific (APAC) Mobility as a Service Market Revenue and Forecasts to 2025 108
11.4.1 Overview 108
11.4.2 Asia Pacific Mobility as a Service Market Revenue and Forecasts to 2025 (US$ Bn) 109
11.4.3 Asia Pacific Mobility as a Service Market Breakdown by Key Countries 110
11.4.3.1 Japan Mobility as a Service Market Revenue and Forecasts to 2025 (US$ Bn) 111
11.4.3.2 China Mobility as a Service Market Revenue and Forecasts to 2025 (US$ Bn) 112
11.4.3.3 India Mobility as a Service Market Revenue and Forecasts to 2025 (US$ Bn) 113
11.4.3.4 Australia Mobility as a Service Market Revenue and Forecasts to 2025 (US$ Bn) 114
11.4.4 Asia Pacific Mobility as a Service Market Breakdown by Service Type 115
11.4.5 Asia Pacific Mobility as a Service Market Breakdown by Application Platform 117
11.4.6 Asia Pacific Mobility as a Service Market Breakdown by Business Model 119
11.4.7 Asia Pacific Mobility as a Service Market Breakdown by Vehicle Type 121
11.5 Middle East & Africa (MEA) Mobility as a Service Market Revenue and Forecasts to 2025 123
11.5.1 Overview 123
11.5.2 Middle East & Africa Mobility as a Service Market Revenue and Forecasts to 2025 (US$ Bn) 124
11.5.3 Middle East & Africa Mobility as a Service Market Breakdown by Key Countries 125
11.5.3.1 Saudi Arabia Mobility as a Service Market Revenue and Forecasts to 2025 (US$ Bn) 126
11.5.3.2 UAE Mobility as a Service Market Revenue and Forecasts to 2025 (US$ Bn) 127
11.5.3.3 South Africa Mobility as a Service Market Revenue and Forecasts to 2025 (US$ Bn) 128
11.5.4 Middle East and Africa Mobility as a Service Market Breakdown by Service Type 129
11.5.5 Middle East and Africa Mobility as a Service Market Breakdown by Application Platform 131
11.5.6 Middle East and Africa Mobility as a Service Market Breakdown by Business Model 133
11.5.7 Middle East and Africa Mobility as a Service Market Breakdown by Vehicle Type 135
11.6 South America Mobility as a Service Market Revenue and Forecasts to 2025 137
11.6.1 Overview 137
11.6.2 South America Mobility as a Service Market Revenue and Forecasts to 2025 (US$ Bn) 137
11.6.3 South America Mobility as a Service Market Breakdown by Key Countries 139
11.6.3.1 Brazil Mobility as a Service Market Revenue and Forecasts to 2025 (US$ Bn) 140
11.6.4 South America Mobility as a Service Market Breakdown by Service Type 141
11.6.5 South America Mobility as a Service Market Breakdown by Application Platform 142
11.6.6 South America Mobility as a Service Market Breakdown by Business Model 143
11.6.7 South America Mobility as a Service Market Breakdown by Vehicle Type 145
12 Industry Landscape 147
12.1 Market Initiative 147
12.2 New Development 148
13 Competitive Landscape 149
13.1 Competitive Product Mapping 149
13.2 Market Positioning – Global Top 5 Players Ranking 152
14 Global Mobility as a Service Market – Key Company Profiles 153
14.1 Lyft, Inc. 153
14.1.1 Key Facts 153
14.1.2 Business Description 153
14.1.3 Financial Overview 154
14.1.4 SWOT Analysis 154
14.1.5 Key Developments 156
14.2 Uber Technologies Inc. 157
14.2.1 Key Facts 157
14.2.2 Business Description 157
14.2.3 Financial Overview 158
14.2.4 SWOT Analysis 158
14.2.5 Key Developments 160
14.3 Beeline Singapore 161
14.3.1 Key Facts 161
14.3.2 Business Description 161
14.3.3 Financial Overview 162
s
14.3.5 Key Developments 164
14.4 SkedGo Pty Ltd 165
14.4.1 Key Facts 165
14.4.2 Business Description 165
14.4.3 Financial Overview 166
14.4.4 SWOT Analysis 166
14.4.5 Key Developments 167
14.5 UbiGo AB 168
14.5.1 Key Facts 168
14.5.2 Business Description 168
14.5.3 Financial Overview 169
14.5.4 SWOT Analysis 169
14.5.5 Key Developments 170
14.6 MaaS Global Oy 171
14.6.1 Key Facts 171
14.6.2 Business Description 171
14.6.3 Financial Overview 172
14.6.4 SWOT Analysis 172
14.6.5 Key Developments 174
14.7 Moovel Group GmbH 175
14.7.1 Key Facts 175
14.7.2 Business Description 175
14.7.3 Financial Overview 176
14.7.4 SWOT Analysis 176
14.7.5 Key Developments 178
14.8 Qixxit 179
14.8.1 Key Facts 179
14.8.2 Business Description 179
14.8.3 Financial Overview 180
14.8.4 SWOT Analysis 180
14.8.5 Key Developments 182
14.9 Splyt Technologies Ltd. 183
14.9.1 Key Facts 183
14.9.2 Business Description 183
14.9.3 Financial Overview 184
14.9.4 SWOT Analysis 184
14.9.5 Key Developments 186
14.10 Transit Systems Pty Ltd. 187
14.10.1 Key Facts 187
14.10.2 Business Description 187
14.10.3 Financial Overview 188
14.10.4 SWOT Analysis 188
14.10.5 Key Developments 190
14.11 Smile Mobility 191
14.11.1 Key Facts 191
14.11.2 Business Description 191
14.12 Citymapper 192
14.12.1 Business Description 192
15 Appendix 193
15.1 About The Insight Partners 193
15.2 Glossary of Terms 194
15.3 Methodology 194
15.3.1 Coverage 195
15.3.2 Secondary Research 195
15.3.3 Primary Research 196
15.4 Contact Us 196
15.5 Disclaimer 197
1.1 List of Tables
Table 1: Global Mobility as a Service Market Revenue and Forecasts to 2025 (US$ Bn) 47
Table 2: North America Mobility as a Service Market Revenue and Forecasts to 2025 – By Service Type (US$ Bn) 86
Table 3: North America Mobility as a Service Market Revenue and Forecasts to 2025 – By Application Platform (US$ Bn) 87
Table 4: North America Mobility as a Service Market Revenue and Forecasts to 2025 – By Business Model (US$ Bn) 90
Table 5: North America Mobility as a Service Market Revenue and Forecasts to 2025 – By Vehicle Type (US$ Bn) 91
Table 6: Europe Mobility as a Service Market Revenue and Forecasts to 2025 – By Service Type (US$ Bn) 102
Table 7: Europe Mobility as a Service Market Revenue and Forecasts to 2025 – By Application Platform (US$ Bn) 104
Table 8: Europe Mobility as a Service Market Revenue and Forecasts to 2025 – By Business Model (US$ Bn) 105
Table 9: Europe Mobility as a Service Market Revenue and Forecasts to 2025 – By Vehicle Type (US$ Bn) 107
Table 10: Asia Pacific Mobility as a Service Market Revenue and Forecasts to 2025 – By Service Type (US$ Bn) 116
Table 11: Asia Pacific Mobility as a Service Market Revenue and Forecasts to 2025 – By Application Platform (US$ Bn) 118
Table 12: Asia Pacific Mobility as a Service Market Revenue and Forecasts to 2025 – By Business Model (US$ Bn) 119
Table 13: Asia Pacific Mobility as a Service Market Revenue and Forecasts to 2025 – By Vehicle Type (US$ Bn) 121
Table 14: Middle East and Africa Mobility as a Service Market Revenue and Forecasts to 2025 – By Service Type (US$ Bn) 130
Table 15: Middle East and Africa Mobility as a Service Market Revenue and Forecasts to 2025 – By Application Platform (US$ Bn) 132
Table 16: Middle East and Africa Mobility as a Service Market Revenue and Forecasts to 2025 – By Business Model (US$ Bn) 134
Table 17: Middle East and Africa Mobility as a Service Market Revenue and Forecasts to 2025 – By Vehicle Type (US$ Bn) 136
Table 18: South America Mobility as a Service Market Revenue and Forecasts to 2025 – By Service Type (US$ Bn) 141
Table 19: South America Mobility as a Service Market Revenue and Forecasts to 2025 – By Application Platform (US$ Bn) 143
Table 20: South America Mobility as a Service Market Revenue and Forecasts to 2025 – By Business Model (US$ Bn) 144
Table 21: South America Mobility as a Service Market Revenue and Forecasts to 2025 – By Vehicle Type (US$ Bn) 145
Table 17: Glossary of Terms, Mobility as a Service Market 194
1.2 List of Figures
Figure 1: Ride-Hailing Mobility as a Service Market, Global Revenue (US$ Mn), 2017 & 2025 18
Figure 2: Bus Vehicle Type MaaS Market, Global Revenue (US$ Bn), 2017 & 2025 19
Figure 3: APAC MaaS Market, Revenue (US$ Bn), 2017 & 2025 20
Figure 4: Mobility as a Service Market Segmentation 22
Figure 5: Mobility as a Service Market Segmentation 23
Figure 6: North America PEST Analysis 26
Figure 7: Europe PEST Analysis 29
Figure 8: APAC PEST Analysis 31
Figure 9: MEA PEST Analysis 34
Figure 10: SAM PEST Analysis 37
Figure 11: Mobility as a Service Market Impact Analysis of Driver and Restraints 44
Figure 12: Global Mobility as a Service Market 45
Figure 13: Global Mobility as a Service Market Breakdown By Service Type, 2017 & 2025 (%) 48
Figure 14: Global Self-driving Car Service Market Revenue and Forecasts to 2025 (US$ Bn) 50
Figure 15: Global Ride-Hailing Market Revenue and Forecasts to 2025 (US$ Bn) 52
Figure 16: Global Car Sharing Market Revenue and Forecasts to 2025 (US$ Bn) 54
Figure 17: Global Bi-cycle Sharing Market Revenue and Forecasts to 2025 (US$ Bn) 56
Figure 18: Global Bus Sharing Market Revenue and Forecasts to 2025 (US$ Bn) 58
Figure 19: Global Mobility as a Service Market Breakdown By Application Platform, 2017 & 2025 (%) 59
Figure 20: Global Android Market Revenue and Forecasts to 2025 (US$ Bn) 61
Figure 21: Global iOS Market Revenue and Forecasts to 2025 (US$ Bn) 62
Figure 22: Global Others Market Revenue and Forecasts to 2025 (US$ Bn) 63
Figure 23: Global Mobility as a Service Market Breakdown By Business Model, 2017 & 2025 (%) 64
Figure 24: Global B2B Market Revenue and Forecasts to 2025 (US$ Bn) 67
Figure 25: Global B2C Market Revenue and Forecasts to 2025 (US$ Bn) 69
Figure 26: Global P2P Market Revenue and Forecasts to 2025 (US$ Bn) 71
Figure 27: Global Mobility as a Service Market Breakdown By Vehicle Type, 2017 & 2025 (%) 72
Figure 28: Global Passenger Cars Market Revenue and Forecasts to 2025 (US$ Bn) 74
Figure 29: Global Bike Market Revenue and Forecasts to 2025 (US$ Bn) 75
Figure 30: Global Bus Market Revenue and Forecasts to 2025 (US$ Bn) 77
Figure 31: Mobility as a Service Market, Global Breakdown by Regions, 2016 (%) 78
Figure 32: North America Mobility as a Service Market Revenue and Forecasts to 2025 (US$ Bn) 80
Figure 33: North America Mobility as a Service Market Breakdown by Key Countries, 2017 & 2025 (%) 81
Figure 34: U.S. Mobility as a Service Market Revenue and Forecasts to 2025 (US$ Bn) 82
Figure 35: Canada Mobility as a Service Market Revenue and Forecasts to 2025 (US$ Bn) 83
Figure 36: Mexico Mobility as a Service Market Revenue and Forecasts to 2025 (US$ Bn) 84
Figure 37: North America Mobility as a Service Market Breakdown by Service Type, 2017 & 2025 (%) 85
Figure 38: North America Mobility as a Service Market Breakdown by Application Platform, 2017 & 2025 (%) 87
Figure 39: North America Mobility as a Service Market Breakdown by Business Model, 2017 & 2025 (%) 89
Figure 40: North America Mobility as a Service Market Breakdown by Vehicle Type, 2017 & 2025 (%) 91
Figure 41: Europe Mobility as a Service Market Revenue and Forecasts to 2025 (US$ Bn) 94
Figure 42: Europe Mobility as a Service Market Breakdown by Key Countries, 2017 & 2025 (%) 95
Figure 43: France Mobility as a Service Market Revenue and Forecasts to 2025 (US$ Bn) 96
Figure 44: Germany Mobility as a Service Market Revenue and Forecasts to 2025 (US$ Bn) 97
Figure 45: Italy Mobility as a Service Market Revenue and Forecasts to 2025 (US$ Bn) 98
Figure 46: Spain Mobility as a Service Market Revenue and Forecasts to 2025 (US$ Bn) 99
Figure 47: UK Mobility as a Service Market Revenue and Forecasts to 2025 (US$ Bn) 100
Figure 48: Rest of Europe Mobility as a Service Market Revenue and Forecasts to 2025 (US$ Bn) 101
Figure 49: Europe Mobility as a Service Market Breakdown by Service Type, 2016 & 2025 (%) 102
Figure 50: Europe Mobility as a Service Market Breakdown by Application Platform, 2017 & 2025 (%) 103
Figure 51: Europe Mobility as a Service Market Breakdown by Business Model, 2017 & 2025 (%) 105
Figure 52: Europe Mobility as a Service Market Breakdown by Vehicle Type, 2017 & 2025 (%) 106
Figure 53: Asia Pacific Mobility as a Service Market Revenue and Forecasts to 2025 (US$ Bn) 109
Figure 54: Asia Pacific Mobility as a Service Market Breakdown by Key Countries, 2017 & 2025 (%) 110
Figure 55: Japan Mobility as a Service Market Revenue and Forecasts to 2025 (US$ Bn) 111
Figure 56: China Mobility as a Service Market Revenue and Forecasts to 2025 (US$ Bn) 112
Figure 57: India Mobility as a Service Market Revenue and Forecasts to 2025 (US$ Bn) 113
Figure 58: Australia Mobility as a Service Market Revenue and Forecasts to 2025 (US$ Bn) 114
Figure 59: Asia Pacific Mobility as a Service Market Breakdown by Service Type, 2017 & 2025 (%) 115
Figure 60: Asia Pacific Mobility as a Service Market Breakdown by Application Platform, 2017 & 2025 (%) 117
Figure 61: Asia Pacific Mobility as a Service Market Breakdown by Business Model, 2017 & 2025 (%) 119
Figure 62: Asia Pacific Mobility as a Service Market Breakdown by Vehicle Type, 2017 & 2025 (%) 121
Figure 63: Middle East & Africa Mobility as a Service Market Revenue and Forecasts to 2025 (US$ Bn) 124
Figure 64: Middle East & Africa Mobility as a Service Market Breakdown by Key Countries, 2017 & 2025 (%) 125
Figure 65: Saudi Arabia Mobility as a Service Market Revenue and Forecasts to 2025 (US$ Bn) 126
Figure 66: UAE Mobility as a Service Market Revenue and Forecasts to 2025 (US$ Bn) 127
Figure 67: South Africa Mobility as a Service Market Revenue and Forecasts to 2025 (US$ Bn) 128
Figure 68: Middle East and Africa Mobility as a Service Market Breakdown by Service Type, 2017 & 2025 (%) 129
Figure 69: Middle East and Africa Mobility as a Service Market Breakdown by Application Platform, 2017 & 2025 (%) 131
Figure 70: Middle East and Africa Mobility as a Service Market Breakdown by Business Model, 2017 & 2025 (%) 133
Figure 71: Middle East and Africa Mobility as a Service Market Breakdown by Vehicle Type, 2017 & 2025 (%) 135
Figure 72: South America Mobility as a Service Market Revenue and Forecasts to 2025 (US$ Bn) 138
Figure 73: South America Mobility as a Service Market Breakdown by Key Countries, 2017 & 2025 (%) 139
Figure 74: Brazil Mobility as a Service Market Revenue and Forecasts to 2025 (US$ Bn) 140
Figure 75: South America Mobility as a Service Market Breakdown by Service Type, 2017 & 2025 (%) 141
Figure 76: South America Mobility as a Service Market Breakdown by Application Platform, 2017 & 2025 (%) 142
Figure 77: South America Mobility as a Service Market Breakdown by Business Model, 2017 & 2025 (%) 143
Figure 78: South America Mobility as a Service Market Breakdown by Vehicle Type, 2017 & 2025 (%) 145
The List of Companies - Mobility as a Service (MaaS) Market
1. Lyft, Inc.2. Uber Technologies, Inc.3. Beeline Singapore4. SkedGo Pty Ltd.5. UbiGo AB6. MaaS Global Oy7. Moovel Group GmBH8. Qixxit9. Splyt Technologies Ltd.10. Transit Systems Pty Ltd.11. Smile Mobility12. Citymapper
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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