Mobility as a Service Market Research Report - Global Forecast till 2024

Global Mobility as a Service Market Research Report: By Type (Public and Private), Service Type (Car, Bus, Ride), Business Model (Business to Business, Business to Customer and Peer to Peer), Application Platform (Android, iOS and others) and Region (North America, Europe, China, Asia-Pacific and Middle East & Africa) - Forecast till 2024

ID: MRFR/ICT/2236-CR | November 2019 | Region: Global | 87 pages

Market Snapshot


Mobility as a service or MaaS is the integration of various modes of transport services into a single platform provided in the form of a mobile application, which is accessible on demand. A MaaS operator offers various options such as Public transport, ride-, Car- or bike-sharing, taxi or Car rental/lease, or a combination of any of these. A MaaS operator works with data service providers to get real-time information about weather or traffic. The operator works with the local fleet operators, transportation manufacturers, as well as governmental bodies such as the department of transportation for the efficient functioning of MaaS. MaaS providers also work in collaboration with payment gateway providers so that the customers can subscribe to or avail a pay-per-use model.


The Global Mobility as a Service Market is expected to expand at 38.9% CAGR to reach a market value of USD 484.20 Billion in 2024.
 Mobility as a Service Market


Source: MRFR Analysis


Key Developments



  • In April 2019, Grab launched a trip planner feature in its Grab application to offer public transportation for commuters. The enhancement enables Grab to further increase its customer base in Thailand.



  • In February 2019, Daimler AG and BMW Group invested more than 1 billion Euros in developing and strengthening their mobility services. The joint investment leads to the establishment of five joint ventures, namely, REACH NOW, CHARGE NOW, FREE NOW, PARK NOW, and SHARE NOW.



  • In February 2019, PARK NOW collaborated with BMW Group and Daimler AG to form a joint venture to offer mobility services. The joint venture further drives urban mobility services to provide all-electric, autonomous, on-demand services for millions of customers worldwide.



  • In December 2018, MaaS Global planned to expand the Whim app into 12 new cities across the US, Europe, and Asia. Through the expansion of application, the individuals would be able to move across these cities through the adoption of one monthly subscription mobility services that covers taxis, city bikes, public transport, and rental cars.



  • In November 2018, moovel Group GmbH, a subsidiary of Daimler AG, and Rheinbahn, a transit authority in Verkehrsverbund Rhein-Ruhr launched Mobil in Düsseldorf, a mobile application for the users to book tickets for various modes of transport.



  • In June 2018, Deutsche Bahn acquired stakes in a US-based startup, Ridecell. Ridecell, founded in 2009 and based out of San Francisco, has developed an intelligent software platform for operating Car-sharing, ride-sharing, and autonomous fleet management. More than 20 million rides and rentals have already been organized on the Ridecell’s platform.


Synopsis


The Global Mobility as a Service Market has been segmented on the basis of Service Type, Business Model, Type, Application Platform and Region.


Based on the service type, mobility as a service market has been segmented into cars, buses, and bikes.


Based on the type, mobility as a service market has been segmented into public and private.


Based on the business model, mobility as a service market has been categorized into business to business (B2B), business to customer (B2C), and peer-to-peer (P2P).


Based on the application platform, mobility as a service market has been segmented into Android, iOS, and others.


Regional Analysis


Geographically, the Global Mobility as a Service Market has been segmented into North America, Europe, Asia-Pacific, and the rest of the World. Europe accounted for the largest market share of 38.9% in 2017, and the market is expected to register a CAGR of 37.1% during the forecast period. The market in this region has been further categorized as the UK, Germany, France, and the rest of Europe. In 2018, the UK dominated the mobility as a service market, followed by Germany and France. North America was the second-largest market in 2018, valued at USD 9.63 Billion; the market is projected to exhibit a CAGR of 42.1%. The US market in this region has been further categorized as the US, Canada, and Mexico. In 2018, US-dominated global mobility as a service market, followed by Canada and Mexico.


Companies Covered


The Key Players of the Global Mobility as a Service Market are Daimler AG (Germany), Bayerische Motoren Werke AG (BMW) (Germany), Deutsche Bahn (Germany), Xerox Corporation (US), Lyft, Inc (US), MaaS Global Oy (Switzerland), GrabTaxi Holdings Pte Ltd (Singapore), Beijing Xiaoju Technology Co., Ltd (China), Uber Technologies, Inc. (US), Communauto (Canada), Moovit Inc. (Israel), ANI Technologies Private Limited (India), Bridj Pty Ltd (Australia), JapanTaxi Co., Ltd (Japan), and Wiwigo (India)


Market Segmentation



  • By type: public and private



  • By service type: car, bus, and bike



  • By business model: business to business (B2B), business to customer (B2C), and peer-to-peer (P2P)



  • By application platform: android, IoS, and others


Key questions addressed by the report



  • What was the historic market size (2018)?

  • Which segmentation (type/service type/ business model/ application platform/ region) are driving the market?

  • What will be the growth rate by 2024?

  • Who are the key players in this market?

  • What are the strategies adopted by key players?



Frequently Asked Questions (FAQ) :


The global MaaS market is expected to record a market value of USD 484.20 Billion in 2024.

The Mobility as a Service market is predicted to expand at a 38.9% CAGR over the review period.

The rapid expansion of public infrastructure and in regulatory policies, and the integration of telecom service providers, is expected to create opportunities for the market over the review period.

The MaaS system operates through the internet which can be susceptible to hackers which can impede the MaaS market growth over the forecast period.

The business to business (B2B) segment is expected to record the highest market share by 2024.

the European mobility as a service market is anticipated to witness highest growth at a CAGR of 37.1% over the review period.

A few market players in the global market for Mobility as a Service technology are Daimler AG (Germany), Bayerische Motoren Werke AG (BMW) (Germany), Deutsche Bahn (Germany), Xerox Corporation (US), Lyft, Inc (US), and others.