Mobility as a Service Market Size, Share & Forecast 2025-2034
MaaS is designed to address the evolving demands of urban mobility, where congestion, pollution, and the cost of private car ownership are major concerns. By providing a combination of transport modes tailored to individual needs, MaaS platforms aim to optimise travel time, reduce costs, and contribute to more sustainable transportation options. Major cities around the world are embracing MaaS solutions to create more sustainable, user-friendly transport ecosystems.
Emily537
The Mobility as a Service (MaaS) market is undergoing rapid transformation, driven by increasing demand for flexible, sustainable, and on-demand transportation options. As a cutting-edge solution that integrates various modes of transport into one accessible platform, MaaS is revolutionising urban mobility. With an impressive market size of USD 221.33 billion in 2023, the MaaS market is expected to grow at a CAGR of 17.50% between 2025 and 2034, reaching an estimated USD 945.72 billion by 2032. In this blog, we will delve into the key drivers behind this growth, market trends, competitor landscape, and future forecasts for the MaaS sector.
Mobility as a Service Market Overview
Mobility as a Service (MaaS) refers to the digital integration of different modes of transport, such as public transportation, ride-hailing services, car rentals, taxis, and even bicycles, into a unified platform. This service allows consumers to access, plan, book, and pay for their travel needs through a single application, making urban mobility more seamless and efficient.
Mobility as a Service Market Size
The MaaS market reached a substantial value of USD 221.33 billion in 2023, driven by the growing trend towards shared mobility and the increasing reliance on smartphones for transportation. The market is rapidly expanding, fueled by technology advancements, government support for smart cities, and the rising demand for flexible mobility solutions.
The market is projected to grow at a CAGR of 17.50% between 2025 and 2034, a clear indication of the growing importance of MaaS in transforming urban transport systems. By 2032, the market is expected to reach USD 945.72 billion, reflecting the continued shift toward more integrated, accessible, and sustainable transport options.
Mobility as a Service Market Trends
Several emerging trends are shaping the future of the MaaS market:
Integration of Multiple Transport Modes: One of the main drivers behind MaaS adoption is the seamless integration of various transport modes (e.g., buses, taxis, car-sharing, bikes, e-scooters) into one platform. This multi-modal integration allows users to easily choose the most convenient, cost-effective, and efficient mode of transport for their journey.
Electric Vehicles and Sustainability: The growing adoption of electric vehicles (EVs) is a key trend in the MaaS market. Many MaaS providers are integrating EVs into their fleets to offer more sustainable transport options. This not only reduces emissions but also aligns with global efforts to reduce the carbon footprint of transportation systems.
Urbanisation and Congestion: Rapid urbanisation and rising traffic congestion are leading to greater demand for shared mobility solutions. MaaS platforms offer efficient, flexible alternatives to private car ownership, alleviating congestion and promoting the use of public and shared transportation options.
Smart City Initiatives: As cities adopt smart city technologies, MaaS is playing a critical role in providing innovative solutions to urban mobility challenges. MaaS platforms are integrated with smart traffic systems, IoT devices, and real-time data, creating efficient, data-driven transport ecosystems.
Partnerships and Ecosystem Development: MaaS platforms are increasingly partnering with public transport providers, technology companies, and municipalities. These partnerships are essential for expanding service offerings, improving user experience, and creating more comprehensive mobility ecosystems.
Mobility as a Service Market Segmentation
Service Type
Car Sharing
Micromobility
Ride Hailing
Bus Sharing
Train Services
Solution Type
Technology Platforms
Telecom Connectivity Providers
Ticketing Solutions
Payment Engines
Navigation Solutions
Insurance Services
Transportation Type
Public
Private
Vehicle Type
Four-Wheelers
Buses
Micromobility
Trains
Application
Personalised Application Services
Journey Management
Journey Planning
Flexible Payments and Transactions
Region
North America
Europe
Asia-Pacific
Rest of the World.
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Mobility as a Service Market Growth
The growth of the MaaS market is driven by several factors:
Technological Advancements: Innovations in mobile applications, GPS, AI, and cloud computing have enabled the creation of MaaS platforms that are user-friendly, efficient, and scalable. These technologies are essential for integrating different transport modes, optimising routes, and providing real-time updates.
Government Support: Governments worldwide are investing in smart city projects that focus on improving urban mobility. MaaS platforms are a vital part of these initiatives, as they offer integrated solutions to reduce traffic congestion, enhance the sustainability of transportation networks, and improve the overall urban mobility experience.
Consumer Preferences: Changing consumer preferences, especially among younger generations, who are increasingly opting for shared mobility instead of private car ownership, are driving the growth of the MaaS market. The convenience of accessing transport services through a mobile app has made MaaS more appealing to consumers.
Rising Investment in Mobility Platforms: Private sector investment in MaaS platforms is growing, with venture capital and strategic investments helping to develop new technologies and expand service offerings. This investment is enabling MaaS providers to improve their platforms and enhance user experience.
Mobility as a Service Market Analysis
The MaaS market is highly competitive and fragmented, with several players providing diverse offerings in various regions. The competitive landscape includes companies that offer different components of MaaS, such as ride-hailing services, public transport solutions, and car-sharing platforms.
Key factors shaping the MaaS market include:
- Partnerships and Collaborations: Many MaaS providers are forming strategic alliances with public transport companies, vehicle manufacturers, and other service providers to offer a wide range of transportation options on their platforms.
- Data and Personalisation: MaaS platforms are increasingly leveraging big data and AI algorithms to offer personalised recommendations based on user preferences, travel history, and real-time conditions. This data-driven approach helps improve the overall user experience and optimises the efficiency of transportation networks.
- Integration with Smart City Infrastructure: MaaS platforms are being integrated into smart city initiatives that use IoT devices, AI, and real-time data to optimise traffic management, reduce congestion, and improve public transport systems. This integration is a major driver of market growth.
Mobility as a Service Market Forecast
The MaaS market is expected to continue growing at a rapid pace over the next decade. By 2032, the market value is projected to reach USD 945.72 billion, driven by key factors like urbanisation, technological advancements, and the increasing adoption of electric and shared mobility solutions.
Key Forecast Highlights:
- Global Expansion: MaaS solutions are expected to expand globally, reaching new regions, especially in emerging economies where urbanisation is rapidly increasing.
- Sustainability Focus: There will be a stronger emphasis on integrating electric vehicles and eco-friendly transport solutions into MaaS platforms, aligning with global sustainability goals.
- Technological Integration: Continued advancements in AI, machine learning, and big data will enhance the effectiveness and personalization of MaaS platforms, improving customer experience and efficiency.
Competitor Analysis
MaaS Global Ltd.: Known for its Whim app, MaaS Global is a leader in the MaaS market, offering seamless integration of various transport options like public transit, ride-hailing, taxis, and car-sharing. MaaS Global operates in several European cities and is expanding its reach globally.
Uber Technologies Inc.: Uber is a dominant player in the MaaS sector, providing ride-hailing services and expanding its offerings to include bikes, scooters, and autonomous vehicles. Uber's partnerships with public transport providers are strengthening its position in the MaaS ecosystem.
SkedGo Pty Ltd.: SkedGo offers a MaaS solution that integrates multiple transport modes into a single platform, helping cities and businesses manage transportation networks more efficiently. The company’s technology enables easy planning and booking of transport across various service providers.
Others: Other key players include Lyft, Ola, Blablacar, and Moovit, which are also actively contributing to the MaaS revolution by providing diverse and innovative mobility services.
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