Mobility-as-a-service market to grow at a CAGR of 33.84% from 2022 to 2027, Ongoing efforts for the development of autonomous vehicles to be a leading trend – Technavio

NEW YORK, June 14, 2023 /PRNewswire/ — The mobility-as-a-service market size is estimated to increase by USD 456.64 billion from 2022 to 2027. The market’s growth momentum will progress at a CAGR of 33.84% during the forecast period. The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by an increase in the use of smart connected devices. As the number of devices increases, the task of managing, monitoring, and maintaining the data generated within an organization becomes increasingly challenging. Therefore, the demand for M2M and M2H communication is expected to increase, as these technologies assist end users in streamlining the management, monitoring, and maintenance of connected devices. Furthermore, companies are currently witnessing significant improvements in their business processes due to the adoption of IoT analytics. The close monitoring of business processes enables more efficient real-time decision-making –Here is an Exclusive report talking about Market scenarios with a historical period (2017-2021) and forecast period (2023-2027). Download Sample Report in minutes!

The mobility-as-a-service market covers the following areas:

Mobility-as-a-Service Market Sizing

Mobility-as-a-Service Market Forecast

Mobility-as-a-Service Market Analysis

Mobility-as-a-Service Market 2023-2027 – Market Dynamics

Trends- Ongoing efforts for the development of autonomous vehicles are the emerging trend influencing the mobility as a service market. An autonomous vehicle (also known as a self-driving vehicle, driverless vehicle, or robot vehicle) is an automobile or type of vehicle that can move between pick-up and destination locations without the need for human interaction. Commercially available self-driving vehicles are predicted to reduce the cost of point-to-point transport, relieve traffic congestion, and make travel safer and more convenient. The combination of these functionalities with smooth trip planning and payments is likely to be a key driver of mobility-as-a-service market platform adoption. In addition, the emergence of advanced cellular communication technologies and high-speed processing equipment is expected to result in the commercial deployment of level 4 and level 5 autonomous vehicles, which are completely automated. The increasing availability of autonomous vehicle technologies drives the popularity of mobility as a service market during the forecast period.

Challenges- The need for high initial investments in infrastructure is a major challenge that may impede mobility as a service market growth. Projects in the mobility industry are typically large and time-consuming to complete. Most projects face challenges such as high costs and long timelines. Furthermore, due to the high expense of data-capture equipment installed in and on vehicles, controlling and monitoring ongoing initiatives has become a worry. IT-enabled services (ITES) benefit the public sector by lowering the expenses associated with maintaining IT infrastructure. As a result, governments outsource these functions. Furthermore, skills are required for the successful implementation and operation of mobility-as-a-service market solutions. Furthermore, integrating these technologies with existing operational systems at airports, train stations, and bus terminals might be challenging.

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Mobility-as-a-Service Market 2023-2027: Market Segmentation

Technavio has segmented the market based on service (ride-hailing, car sharing, and others), and vehicle type (cars, buses, and two-wheelers) 

• The market share growth of the ride-hailing segment will be significant during the forecast period. Ride-hailing services provide customers with flexible and cost-effective options, as well as the ability to book cabs on demand through their mobile app. Furthermore, the number of people using ride-hailing services is growing as the cost of having a private automobile rises and parking spaces become limited. Uber Technologies Inc. and Lyft, Inc. have made large investments in marketing across the Internet, broadcast, and print media to build brand awareness. Furthermore, ride-hailing automobile services are gaining pace, particularly among Millennials, due to innovative and technologically enhanced pricing algorithms, improved customer support, and, most significantly, user-friendly app designs and services. These factors will lead to the growth of the ride-hailing services segment during the forecast period.

Geography Overview

By geography, the mobility-as-a-service market is segmented into North America, Europe, APAC, South America, and the Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global digital asset management market.

• APAC is projected to contribute 45% of the global market growth. Rising urbanization, growing disposable income in countries such as Japan, China, India, and Australia, and an increasing population in the age group of 15-64 years, which is the target customer base, are expected to propel the growth of the MaaS market in APAC during the forecast period. In addition, ride-hailing services are gaining popularity and awareness among customers which is considered a cheaper commute option contributing to market growth. Like China, the mobility-as-a-service market in India is growing due to a rise in domestic tourism, which is increasing self-drive trips. As a result, the use of public transport for daily commutes is rising in the country. This, in turn, will drive the growth of the mobility as a service (MaaS) market in focus in APAC during the forecast period.

This report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters- View Sample Report

Companies Mentioned

• Beeline.com Ltd.
• Beijing Xiaoju Technology Co. Ltd.
• Communauto Inc.
• GoEuro Corp.
• Greenlines Technology Inc
• Kyyti Group Ltd
• Lyft Inc
• Mercedes Benz Group AG
• Mobilleo
• moovel North America LLC
• Moovit Inc
• SkedGo Pty Ltd.
• Splyt Technologies Ltd.
• Sway Mobility Inc.
• The ESP Group
• Transit Systems
• Tranzer BV
• Uber Technologies Inc
• Whim

Vendor Offerings –

• Beeline.com Ltd. – The company offers mobility-as-a-service such as employee shuttle.
• Lyft Inc – The company offers mobility-as-a-service such as taxis and shataxiscabs.
• Mercedes Benz Group AG – The company offers mobility-as-a-service such as taxis and shared cabs.

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The car-as-a-service (CaaS) market size is estimated to grow by USD 306.31 billion between 2022 and 2027 accelerating at a CAGR of 18.09%. Furthermore, this report extensively covers market segmentation by end-user (corporate and private), type (ride-hailing, car rental, car sharing, and car subscription), and geography (APAC, North America, Europe, South America, and the Middle East and Africa). The wide range of vehicles with single subscription packages is a key factor driving car-as-a-service (CaaS) market growth.

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Table of Contents

1 Executive Summary

• 1.1 Market OverviewExhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart of Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Service
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Vehicle Type
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market DefinitionExhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market Size 2022

• 3.4 Market outlook: Forecast for 2022-2027
• Exhibit 14: Chart on Global – Market Size and forecast 2022-2027 ($ billion)
• Exhibit 15: Data Table on Global – Market Size and forecast 2022-2027 ($ billion)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global mobility-as-a-service markets 2017 – 2021
• Exhibit 18: Historic Market Size – Data Table on Global mobility-as-a-service market 2017 – 2021 ($ million)

• 4.2 Service Segment Analysis 2017 – 2021
• Exhibit 19: Historic Market Size – Service Segment 2017 – 2021 ($ million)

• 4.3 Vehicle Type Segment Analysis 2017 – 2021
• Exhibit 20: Historic Market Size – Vehicle Type Segment 2017 – 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 – 2021
• Exhibit 21: Historic Market Size – Geography Segment 2017 – 2021 ($ million)

• 4.5 Country Segment Analysis 2017 – 2021
• Exhibit 22: Historic Market Size – Country Segment 2017 – 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis – Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition – Five forces 2022 and 2027

6 Market Segmentation by Service

• 6.1 Market segments 
• Exhibit 30: Chart on Service – Market share 2022-2027 (%)
• Exhibit 31: Data Table on Service – Market share 2022-2027 (%)

• 6.2 Comparison by Service 
• Exhibit 32: Chart on Comparison by Service
• Exhibit 33: Data Table on Comparison by Service

• 6.3 Ride hailing – Market size and forecast 2022-2027
• Exhibit 34: Chart on Ride hailing – Market size and forecast 2022-2027 ($ billion)
• Exhibit 35: Data Table on Ride hailing – Market size and forecast 2022-2027 ($ billion)
• Exhibit 36: Chart on Ride hailing – Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Ride hailing – Year-over-year growth 2022-2027 (%)

• 6.4 Car sharing – Market size and forecast 2022-2027
• Exhibit 38: Chart on Car sharing – Market size and forecast 2022-2027 ($ billion)
• Exhibit 39: Data Table on Car sharing – Market size and forecast 2022-2027 ($ billion)
• Exhibit 40: Chart on Car sharing – Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Car sharing – Year-over-year growth 2022-2027 (%)

• 6.5 Others – Market size and forecast 2022-2027
• Exhibit 42: Chart on Others – Market size and forecast 2022-2027 ($ billion)
• Exhibit 43: Data Table on Others – Market size and forecast 2022-2027 ($ billion)
• Exhibit 44: Chart on Others – Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Others – Year-over-year growth 2022-2027 (%)

• 6.6 Market opportunity by Service 
• Exhibit 46: Market opportunity by Service ($ billion)

7 Market Segmentation by Vehicle Type

• 7.1 Market segments 
• Exhibit 47: Chart on Vehicle Type – Market share 2022-2027 (%)
• Exhibit 48: Data Table on Vehicle Type – Market share 2022-2027 (%)

• 7.2 Comparison by Vehicle Type 
• Exhibit 49: Chart on Comparison by Vehicle Type
• Exhibit 50: Data Table on Comparison by Vehicle Type

• 7.3 Cars – Market size and forecast 2022-2027
• Exhibit 51: Chart on Cars – Market size and forecast 2022-2027 ($ billion)
• Exhibit 52: Data Table on Cars – Market size and forecast 2022-2027 ($ billion)
• Exhibit 53: Chart on Cars – Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on Cars – Year-over-year growth 2022-2027 (%)

• 7.4 Buses – Market size and forecast 2022-2027
• Exhibit 55: Chart on Buses – Market size and forecast 2022-2027 ($ billion)
• Exhibit 56: Data Table on Buses – Market size and forecast 2022-2027 ($ billion)
• Exhibit 57: Chart on Buses – Year-over-year growth 2022-2027 (%)
• Exhibit 58: Data Table on Buses – Year-over-year growth 2022-2027 (%)

• 7.5 Two-wheelers – Market size and forecast 2022-2027
• Exhibit 59: Chart on Two-wheelers – Market size and forecast 2022-2027 ($ billion)
• Exhibit 60: Data Table on Two-wheelers – Market size and forecast 2022-2027 ($ billion)
• Exhibit 61: Chart on Two-wheelers – Year-over-year growth 2022-2027 (%)
• Exhibit 62: Data Table on Two-wheelers – Year-over-year growth 2022-2027 (%)

• 7.6 Market opportunity by Vehicle Type 
• Exhibit 63: Market opportunity by Vehicle Type ($ billion)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 64: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 65: Chart on Market share by geography 2022-2027 (%)
• Exhibit 66: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 67: Chart on Geographic comparison
• Exhibit 68: Data Table on Geographic comparison

• 9.3 APAC – Market size and forecast 2022-2027
• Exhibit 69: Chart on APAC – Market size and forecast 2022-2027 ($ billion)
• Exhibit 70: Data Table on APAC – Market size and forecast 2022-2027 ($ billion)
• Exhibit 71: Chart on APAC – Year-over-year growth 2022-2027 (%)
• Exhibit 72: Data Table on APAC – Year-over-year growth 2022-2027 (%)

• 9.4 Europe – Market size and forecast 2022-2027
• Exhibit 73: Chart on Europe – Market size and forecast 2022-2027 ($ billion)
• Exhibit 74: Data Table on Europe – Market size and forecast 2022-2027 ($ billion)
• Exhibit 75: Chart on Europe – Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on Europe – Year-over-year growth 2022-2027 (%)

• 9.5 North America – Market size and forecast 2022-2027
• Exhibit 77: Chart on North America – Market size and forecast 2022-2027 ($ billion)
• Exhibit 78: Data Table on North America – Market size and forecast 2022-2027 ($ billion)
• Exhibit 79: Chart on North America – Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on North America – Year-over-year growth 2022-2027 (%)

• 9.6 Middle East and Africa – Market size and forecast 2022-2027 
• Exhibit 81: Chart on Middle East and Africa – Market size and forecast 2022-2027 ($ billion)
• Exhibit 82: Data Table on Middle East and Africa – Market size and forecast 2022-2027 ($ billion)
• Exhibit 83: Chart on Middle East and Africa – Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on Middle East and Africa – Year-over-year growth 2022-2027 (%)

• 9.7 South America – Market size and forecast 2022-2027
• Exhibit 85: Chart on South America – Market size and forecast 2022-2027 ($ billion)
• Exhibit 86: Data Table on South America – Market size and forecast 2022-2027 ($ billion)
• Exhibit 87: Chart on South America – Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on South America – Year-over-year growth 2022-2027 (%)

• 9.8 China – Market size and forecast 2022-2027
• Exhibit 89: Chart on China – Market size and forecast 2022-2027 ($ billion)
• Exhibit 90: Data Table on China – Market size and forecast 2022-2027 ($ billion)
• Exhibit 91: Chart on China – Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on China – Year-over-year growth 2022-2027 (%)

• 9.9 US – Market size and forecast 2022-2027
• Exhibit 93: Chart on US – Market size and forecast 2022-2027 ($ billion)
• Exhibit 94: Data Table on US – Market size and forecast 2022-2027 ($ billion)
• Exhibit 95: Chart on US – Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on US – Year-over-year growth 2022-2027 (%)

• 9.10 Japan – Market size and forecast 2022-2027
• Exhibit 97: Chart on Japan – Market size and forecast 2022-2027 ($ billion)
• Exhibit 98: Data Table on Japan – Market size and forecast 2022-2027 ($ billion)
• Exhibit 99: Chart on Japan – Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on Japan – Year-over-year growth 2022-2027 (%)

• 9.11 UK – Market size and forecast 2022-2027
• Exhibit 101: Chart on UK – Market size and forecast 2022-2027 ($ billion)
• Exhibit 102: Data Table on UK – Market size and forecast 2022-2027 ($ billion)
• Exhibit 103: Chart on UK – Year-over-year growth 2022-2027 (%)
• Exhibit 104: Data Table on UK – Year-over-year growth 2022-2027 (%)

• 9.12 France – Market size and forecast 2022-2027
• Exhibit 105: Chart on France – Market size and forecast 2022-2027 ($ billion)
• Exhibit 106: Data Table on France – Market size and forecast 2022-2027 ($ billion)
• Exhibit 107: Chart on France – Year-over-year growth 2022-2027 (%)
• Exhibit 108: Data Table on France – Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 109: Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 110: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape 
• Exhibit 111: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 112: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 113: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 114: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 115: Matrix on vendor position and classification

• 12.3 Beeline.com Ltd. 
• Exhibit 116: Beeline.com Ltd. – Overview
• Exhibit 117: Beeline.com Ltd. – Business segments
• Exhibit 118: Beeline.com Ltd. – Key offerings
• Exhibit 119: Beeline.com Ltd. – Segment focus

• 12.4 Beijing Xiaoju Technology Co. Ltd.
• Exhibit 120: Beijing Xiaoju Technology Co. Ltd. – Overview
• Exhibit 121: Beijing Xiaoju Technology Co. Ltd. – Product / Service
• Exhibit 122: Beijing Xiaoju Technology Co. Ltd. – Key offerings

• 12.5 Communauto Inc. 
• Exhibit 123: Communauto Inc. – Overview
• Exhibit 124: Communauto Inc. – Product / Service
• Exhibit 125: Communauto Inc. – Key offerings

• 12.6 GoEuro Corp. 
• Exhibit 126: GoEuro Corp. – Overview
• Exhibit 127: GoEuro Corp. – Product / Service
• Exhibit 128: GoEuro Corp. – Key offerings

• 12.7 Greenlines Technology Inc 
• Exhibit 129: Greenlines Technology Inc – Overview
• Exhibit 130: Greenlines Technology Inc – Product / Service
• Exhibit 131: Greenlines Technology Inc – Key offerings

• 12.8 Kyyti Group Ltd 
• Exhibit 132: Kyyti Group Ltd – Overview
• Exhibit 133: Kyyti Group Ltd – Key offerings

• 12.9 Lyft Inc 
• Exhibit 134: Lyft Inc – Overview
• Exhibit 135: Lyft Inc – Product / Service
• Exhibit 136: Lyft Inc – Key offerings

• 12.10 Mercedes Benz Group AG 
• Exhibit 137: Mercedes Benz Group AG – Overview
• Exhibit 138: Mercedes Benz Group AG – Business segments
• Exhibit 139: Mercedes Benz Group AG – Key offerings
• Exhibit 140: Mercedes Benz Group AG – Segment focus

• 12.11 Mobilleo 
• Exhibit 141: Mobilleo – Overview
• Exhibit 142: Mobilleo – Product / Service
• Exhibit 143: Mobilleo – Key offerings

• 12.12 moovel North America LLC 
• Exhibit 144: moovel North America LLC – Overview
• Exhibit 145: moovel North America LLC – Product / Service
• Exhibit 146: moovel North America LLC – Key offerings

• 12.13 Moovit Inc 
• Exhibit 147: Moovit Inc – Overview
• Exhibit 148: Moovit Inc – Key offerings

• 12.14 SkedGo Pty Ltd. 
• Exhibit 149: SkedGo Pty Ltd. – Overview
• Exhibit 150: SkedGo Pty Ltd. – Product / Service
• Exhibit 151: SkedGo Pty Ltd. – Key offerings

• 12.15 Splyt Technologies Ltd. 
• Exhibit 152: Splyt Technologies Ltd. – Overview
• Exhibit 153: Splyt Technologies Ltd. – Key offerings

• 12.16 Sway Mobility Inc. 
• Exhibit 154: Sway Mobility Inc. – Overview
• Exhibit 155: Sway Mobility Inc. – Product / Service
• Exhibit 156: Sway Mobility Inc. – Key offerings

• 12.17 Whim 
• Exhibit 157: Whim – Overview
• Exhibit 158: Whim – Product / Service
• Exhibit 159: Whim – Key offerings

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist
• Exhibit 160: Inclusions checklist
• Exhibit 161: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 162: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 163: Research methodology
• Exhibit 164: Validation techniques employed for market sizing
• Exhibit 165: Information sources

• 13.5 List of abbreviations 
• Exhibit 166: List of abbreviations

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