The global mobility as a service market is projected to reach $XX billion by 2028, at a CAGR of 16% to 18% during 2023-2028. The growth of mobility as a service market is driven by increasing modes of transportation, rising pollution levels around the world, and growing ownership cost of vehicles.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the most promising, high-growth opportunities for the mobility as a service market by service (ride-hailing, ride sharing, carpool, rental, micro mobility, bus sharing and train services), application (personalized application services, journey management, journey planning, and flexible payments & transactions), solution (technology platform, payment engine, navigation solution, telecom connectivity provider, ticketing solution, and insurance services), vehicle (ICE, electric, hybrid electric, and CNG/LPG), business model (business-to-business, business-to-customer, and peer-to-peer), end use industry (personal, business, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 What are the business risks and threats to the mobility as a service market?
Q.4 What are some changing demands of customers in the mobility as a service market?
Q.5 What are the new developments in the mobility as a service market? Which companies are leading these developments?
Q.6 What strategic initiatives are being implemented by key players for business growth?
Q.7 What are some of the competitive products and processes in this mobility as a service area and how big of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A activity has occurred in the last 5 years in this mobility as a service market?
Emerging trends, which have a direct impact on the dynamics of the industry, include rising government initiatives are facilitating the adoption of MaaS and introduction of driverless evolution in the new age of accessible autonomy.
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Market Segmentation:
Based on vehicle, the mobility as a service market is segmented into ICE, electric, hybrid electric, and CNG/LPG. The electric segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to the rising demand for vehicles with low emissions, rapid electrification in transportation systems, and growing demand for electric vehicles that can transmit location and state of charge information to a central data system.
Asia Pacific will remain the largest region due to the rising fuel prices, growing need for transportation in urban areas, and increasing concerns about the environmental impacts of automobiles in the region.
Key Players in the mobility as a service market are ANI Technologies, Lyft, Uber Technologies, Beijing Xiaoju Technology, Grab Holdings, Hertz Global Holdings, and Avis Budget Group.
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The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for market growth. It would also help to understand the competitors better and gain more insights to improve their position in the business.
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About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Brandon Fitzgerald
Lucintel
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