A shift from personal mode of transport to other mobility provided as a service defines mobility as a service. The Global Mobility as a Service Market Analysis (MaaS), 2020 research report depicts a deep-dive market analysis of statistics of Global Mobility as a Service market which consists of global and region-wise market size, market forecast, CAGR market segmentation, market share of various services, solutions, commuting pattern, business model, pricing model, etc.
According to MarkNtel Advisors’ market research report titled “Global Mobility as a Service (MaaS) Market Analysis, 2020”, the Mobility as a Service market across the globe is estimated to grow at a CAGR of 32% during 2020-25. The major factors contributing to the market growth of Mobility as a Service market are high traffic congestion due to a surging vehicle fleet, steadily rising fuel prices coupled with the benefits of pocket-friendly and time-saving operations by the service providers. Moreover, the improved transport infrastructure and the emergence of new OEMs in the industry are also some of the key factors contributing to the growth of Mobility as a Service market.
Americas is Expected to Account for the Lion’s Share, but APAC is Estimated to Grow Robustly in the Forecast Period
In 2019, the Americas region acquired the major market share owing to the presence of numerous service providers in the industry. Moreover, the high internet penetration and the adoption of smartphones and smart devices are resulting in the growth in Mobility as a Service market in the America region. Also, smooth operations due to a good connectivity and advanced transport infrastructure in the countries such as the US and Canada are contributing to the growth of the market share in the America region. However, APAC region is expected to grow at a robust pace in the forecast period of 2020-25 owing to an increasing level of investment in transport infrastructure and the emergence of new OEMs in the countries such as India, China, and Japan.
Daily Commute is Anticipated to Grow in the Forecast Period
The increasing levels of working population across the globe is one of the prime factors for the growth in the daily commute market share. Additionally, pocket-friendly rides and improved connectivity coupled with lesser hassles about the maintenance and repairing of own vehicle, parking, etc. are also leading to a rise in the daily commute market share.
Ride-hailing services are expected to capture a major market share on an account of the growing digitalization and the increasing focus on the cashless economy across countries. Moreover, the benefits such as ease of booking and payment are adding pace to the growth of the ride hailing segment. Furthermore, the pay-as-you-go model is expected to account for major market share owing to increasing degree of tourism and visitors , as stated in the MarkNtel Advisors’ research report “Global Mobility as a Service (MaaS) Market Analysis, 2020”.
According to MarkNtel Advisors, the availability of numerous local and foreign players in various regions makes Global Mobility as a Service industry highly competitive. The key players with a considerable share in the industry are Whim, Bla Bla Car, Car2Go, CityMapper, DiDi Chuxing, Grab, LeCab, Lyft, Mobike, Movit, Ola, Ridecell, Uber, Zoox, Scoot, Floatility, Easy Mile, Bridj, Careem, Ofo, InDriver and Curb Mobility, among others. The players in the industry are offering new forms of solutions, expanding business in new geographical areas, and engaging in strategic alliances that can help them in the increasing their market shares.
Key Questions Answered in the Market Research Report
Market Outlook, Segmentation, and Statistics
Frequently Asked Questions
Q. What is the historical year, base year and forecast year considered in the research report on Global Mobility as a Service Market?
A. The historical data has been provided since 2015, while the base year is 2019 and the data is forecast up-to 2025.
Q. What are the units or denomination for measuring market value in the report?
A. The market size/industry size or the market value is measured in terms of USD Million.
Q. What would be the growth rate or CAGR of Global Mobility as a Service Market during 2020-25?
A. Global Mobility as a Service Market is expected to grow at a CAGR of around 32% during 2020-25.
Q. Which region would grab the highest market share during 2020-25?
A. It is forecast that North America will dominate the market with a majority market share, and market size registering considerably higher CAGR.
Q. Who are the key competitors or players operating Global Mobility as a Service market?
A Whim, Bla Bla Car, Car2Go, CityMapper, DiDi Chuxing, Grab, LeCab, Lyft, Mobike, Movit, Ola, Ridecell, Uber, Zoox, Scoot, Floatility, Easy Mile, Bridj, Careem, Ofo, InDriver and Curb Mobility, Others, are the leading players in the Global Mobility as a Service market.
Q. Which service would emerge as an opportunity area for players in Global Mobility as a Service Market?
A. The ride-hailing service is expected to attain the highest CAGR during the forecast period and maintain its significant market share.
Q. Which solution would emerge as an opportunity area for players in Global Mobility as a Service Market?
A. The insurance services grabbed a significant market share continue to grow at the highest CAGR, presenting immense opportunities for manufacturers and service providers of Mobility as a Service.
