The mobility-as-a-service (MaaS) market combines various transportation services into a single, user-friendly platform, enhancing convenience, efficiency, and sustainability. It includes applications for passenger and freight transport, micro-mobility, journey planning, and personalized services.
According to BIS Research, the mobility-as-a-service market was valued at $77.66 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 25.67%, reaching approximately $760.21 billion by 2033.
The mobility-as-a-service (MaaS) market is transforming urban transportation by integrating various transport modes into a single, user-friendly digital platform. This innovation allows users to plan, book, and pay for services like public transit, ridesharing, and bike rentals seamlessly. Fueled by urbanization, smartphone adoption, and a focus on sustainability, MaaS optimizes route planning and reduces travel times. Strategic collaborations among governments, transport providers, and tech companies are essential for promoting growth and innovation, addressing challenges like congestion and pollution. Overall, MaaS is pivotal in shaping the future of urban mobility with an emphasis on efficiency and user-centric solutions.
• Passenger Transportation
• Freight Transportation
• Micro-Mobility
• On-the-Go Rides
• Carpool
• Ride Hailing
o Cars
o Scooters and Bikes
o Air Taxi
• Logistics
o Light Duty Commercial Vehicles
o Heavy Duty Commercial Vehicles
• Renting
o Car Renting
o Bicycle Renting
• Ride Sharing
o Cars
o Train/Subway Services
o Bus Services
• Others
• Payment Engines
• Navigation Solutions
• Connectivity Providers
• Ticketing Solutions
• Insurance Solutions
• North America: U.S., Canada, and Mexico
• Europe: Germany, France, U.K., Italy, and Rest-of-Europe
• Asia-Pacific: China, Japan, India, South Korea, and Rest-of-Asia-Pacific
• Rest-of-the-World: South America and Middle East and Africa
Asia-Pacific is at the forefront of the mobility-as-a-service market, driven by several key factors. Rapid urbanization and population growth in major cities are fueling the demand for efficient transportation solutions.
• July 2023: Grab Holdings acquired Trans-cab Holdings, enhancing its fleet with over 2,500 vehicles.
• May 2023: DiDi Chuxing partnered with GAC AION to mass-produce self-driving electric Robotaxis for deployment by 2025.
• May 2023: DiDi Autonomous Driving collaborated with Valeo to develop safety solutions for L4 Robotaxis, with Valeo investing in DiDi.
• April 2023: Grab launched new in-app travel features to improve the travel experience in Southeast Asia.
• September 2021: BlaBlaCar introduced a competitive insurance offer and a driving coach app, enhancing safety and affordability in mobility-as-a-service.
• April 2021: BlaBlaCar raised $115 million from various investors to support its growth and expansion efforts outside Europe.
• Integration of Advanced Technologies
• Tencent's Smart Mobility Solutions
• Stellantis Acquisition of CloudMade
• Stakeholder Coordination
• Data Interoperability.
• Regulatory Compliance
• Diverse Transportation Options
• Enhanced Connectivity
• Sustainability Support
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According to Debraj Chakraborty, Principal Analyst – BIS Research, ‘The global mobility-as-a-service (MaaS) market is poised for significant growth in the coming years, driven by the rising demand for integrated and seamless transportation solutions. Both government and private sector investments in infrastructure aim to enhance sustainable urban mobility, further propelling market expansion.
Key players are expected to pursue strategic partnerships, collaborations, mergers, and acquisitions to enhance their market presence and diversify their services. Additionally, advancements in digital platforms and real-time data analytics will be essential for improving user experience and operational efficiency in these solutions’.
