Global Mobility-as-a-Service Market Projected to Grow Over $301.22bn by 2025

Monday 27 July 2020, Amsterdam

The global mobility-as-a-service market is projected to grow over $301.22 billion by 2025, according to a new market intelligence report, titled Global Mobility-as-a-Service Market − Analysis and Forecast, 2019-2025. The global mobility-as-a-service market is expected to be valued at $195.04 billion in 2019 and is anticipated to grow at a CAGR of 25.10% respectively, during the forecast period, 2020-2025. Factors such as increasing push from government as well as consumers to develop reliable transportation system to ensure road safety, minimal air pollution, and less traffic congestion and favorable investment in the MaaS ecosystem by government and private firms are boosting the MaaS market growth.

Technological advancements in the mobility sector have resulted in the worldwide adoption of MaaS. The changing paradigm of consumers as well as major MaaS providers, requirement of reliable transportation system and to decrease traffic congestion and air pollution, are some of the factors substantiating the growth of mobility-as-a-service market. However, data privacy and security concerns related to vehicle data and customer identity, low awareness regarding total lifetime cost for private vehicle ownership and service ownerships and impact of COVID-19 hampers the market growth.

As stated by Arpit Benjwal, Principal Analyst, “Ride hailing dominated the global mobility-as-a-service market. This is mainly due to the increasing population and urbanization in developed as well as developing region, which creates the demand for reliable transportation system. Ride hailing offers on-demand service in which the commuter would have all the comfort features of a private vehicle, however, consumers have to pay a higher cost than that of the public transport service. Companies such as Uber, Lyft, DiDi, Grab, and Ola, dominate the current market by attracting commuters by providing nominal ride costs, assuring rides when required, and providing assured secure service transaction through their platform.”

The report provides a detailed analysis of the trends influencing the global mobility-as-a-service market, along with a comprehensive study of the future trends and developments. It also includes drivers, restraint, customer attributes, and industry analysis. The overall market has been segmented based on application and product. The report also includes a comprehensive section on the geographical analysis which has been sub-segmented into seven major regions, namely North America, Europe, U.K., Asia-Pacific & Japan, China, Middle East and Africa, and South America.

This report is a meticulous compilation of research on more than 50 major players in the mobility-as-a-Service market. Moreover, it draws upon insights and in-depth interviews of key industry leaders of more than 100 leading companies, market participants, and vendors.

Key questions answered in the report:

• What are the underlying structures resulting in the emerging trends within the MaaS market?
• How automotive OEMs and MaaS startups are evolving in the space?
• What was the market value of the product and application of the global MaaS market (2019-2025)?
• How COVID-19 is impacting the market?
• How is the MaaS industry expected to evolve during the forecast period?
• What are the key developmental strategies which are implemented by the key players to sustain in the competitive market?
• What are key consumer attributes that can help ensure market success in different countries?