DUBLIN, June 30, 2022 /PRNewswire/ — The “Mobility-as-a-Service Market Report: By Service Type, Vehicle Type, Commuting Pattern, End Use, Payment Type, Propulsion Type – Global Industry Latest Trends and Demand Forecast to 2030” report has been added to ResearchAndMarkets.com’s offering.
The global mobility-as-a-service market was valued at $128,489.2 million in 2021, which is expected to reach $519,697.5 million by 2030, fostering at a CAGR of 16.8% from 2021 to 2030. In 2021, the ride-hailing category held over 50% market share. The growth of the travel and tourism sector and the transition from offline to online booking and payment systems are driving the demand for ride-hailing services.
Urban traffic jams also drive the MaaS market. The rising population of large cities has led to an advance in the number of daily commuters, thus producing significant traffic congestion, especially during rush hours. Due to the lack of an efficient public transportation system, individuals prefer personal automobiles, thus compounding the situation. Hence, governments are striving to develop alternative transportation choices to combat this problem.
Key Findings of Mobility-as-a-Service Market Report
By 2050, 68% of the world’s population will live in urban areas, and it is expected to aggravate the traffic congestion on highways, thereby driving the demand for MaaS.
According to Transportation for America, in spite of investing over $500 billion to expand and create new roadways across the country, congestion in urban areas increased by 144% between 1993 and 2017.
In 2021, the daily commuting category accounted for the largest mobility-as-a-service market share, and it is predicted to expand at the fastest pace in the coming years. The rising demand for shared vehicles among the young generation for satisfying its daily commuting demands is primarily responsible for the market development in this category.
Because of the growing demand for the electrification of transportation systems, the electric propulsion category is predicted to boom at a significant CAGR in the future. Emission concerns and the stringent regulations in place to check them are impelling MaaS service providers to adopt EVs.
Environmental concerns are driving the mobility-as-a-service market at a high pace, primarily due to the initiatives being taken by governments around the world to achieve carbon neutrality and sustainability. Concerns about the degrading quality of the air caused by the growing automobile exhaust emissions have prompted governments to implement emission norms, promote shared mobility, and encourage the adoption of EVs.
Key Topics Covered:
Chapter 1. Research Background
Chapter 2. Research Methodology
Chapter 3. Executive Summary
Chapter 4. Definition of Market Segments
4.1 By Service Type
4.3 By Commuting Pattern
4.4 By End Use
4.5 By Payment Type
4.6 By Propulsion Type
Chapter 5. Industry Outlook
5.1 Market Dynamics
184.108.40.206 Deployment of EVs in mobility services
220.127.116.11 Incorporation of autonomous vehicles in MaaS
18.104.22.168 Technological developments allowing easy access to mobility services
22.214.171.124 Cost-effectiveness and convenience of MaaS
126.96.36.199 Growing concerns over greenhouse gas emissions
188.8.131.52 Urban road congestion
184.108.40.206 Government initiatives facilitating adoption of MaaS
5.1.3 Impact Analysis of Drivers on Market Forecast
220.127.116.11 Vandalism, thefts, and improper parking
18.104.22.168 Weather and infrastructure challenges
5.1.5 Impact Analysis of Restraints on Market Forecast
5.2 Porter’s Five Forces Analysis
5.2.1 Bargaining Power of Buyers
5.2.2 Bargaining Power of Suppliers
5.2.3 Intensity of Rivalry
5.2.4 Threat of New Entrants
5.2.5 Threat of Substitutes
Chapter 6. MaaS Technology Trends
6.1.1 Initiatives of MaaS Companies for Adoption of EVs
6.1.2 Targets of MaaS Companies for Adoption of EVs
6.2 Autonomous Vehicles
Chapter 7. Global Market Size and Forecast
ANI Technologies Pvt. Ltd.
Uber Technologies Inc.
Beijing Xiaoju Technology Co. Ltd. (Didi Chuxing)
Grab Holdings Inc.
Hertz Global Holdings Inc.
Avis Budget Group Inc.
Enterprise Holdings Inc.
Europcar Mobility Group S.A.
DriveNow GmbH & Co. KG
Shenzhou Youche (Fujian) Information Technology Co. Ltd. (UCAR)
CarShare Australia Pty. Ltd.
Addison Lee Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/4onkd7
Research and Markets
Laura Wood, Senior Manager
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