Cost-effectiveness and convenience of MaaS and concerns about greenhouse gas emissions that drive growth

DUBLIN, June 30, 2022 /PRNewswire/ — “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” has been added. at from ResearchAndMarkets.com offer.

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The Global Mobility-as-a-Service Market has been valued at $128,489.2 million in 2021, which should reach $519,697.5 million by 2030, with a CAGR of 16.8% from 2021 to 2030. In 2021, the carpooling category held more than 50% market share. The growth of the travel and tourism sector and the transition from offline booking and payment systems to online payment systems are driving the demand for ride sharing services.

Urban traffic jams are also driving the MaaS market. The increase in the population of large cities has led to an increase in the number of daily commuters, thus producing major traffic jams, especially during rush hour. Due to the lack of an efficient public transportation system, individuals prefer personal automobiles, which aggravates the situation. Therefore, governments are striving to develop alternative transportation choices to combat this problem.

Key Findings of the Mobility as a Service Market Report

  • By 2050, 68% of the world’s population will live in urban areas, and this is expected to worsen traffic congestion on highways, driving the demand for MaaS.

  • According to Transportation for America, despite the investment of over 500 billion dollars To expand and create new roads across the country, congestion in urban areas increased by 144% between 1993 and 2017.

  • In 2021, the commuting category accounted for the largest mobility-as-a-service market share, and it is expected to grow at the fastest rate in the coming years. The growing demand for shared vehicles among the younger generation to satisfy their daily commuting needs is mainly responsible for the development of the market in this category.

  • Due to the growing demand for electrification of transportation systems, the electric propulsion category is expected to explode at a significant CAGR in the future. Emissions issues and the stringent regulations in place to control them are driving MaaS service providers to adopt electric vehicles.

Environmental concerns are driving the mobility-as-a-service market at a high rate, primarily driven by the initiatives taken by governments around the world to achieve carbon neutrality and sustainability. Concerns about degraded air quality caused by increasing automobile exhaust emissions have prompted governments to implement emission standards, promote shared mobility and encourage the adoption of electric vehicles.

Main topics covered:

Chapter 1. Research Context

Chapter 2. Research Methodology

Chapter 3. Executive Summary

Chapter 4. Definition of Market Segments
4.1 By type of service
4.3 By commuting pattern
4.3.4 Others
4.4 By end use
4.5 By type of payment
4.6 By type of propulsion

Chapter 5. Industry Outlook
5.1 Market Dynamics
5.1.1 Trends
5.1.1.1 Deployment of EVs in mobility services
5.1.1.2 Integration of autonomous vehicles in MaaS
5.1.1.3 Technological developments allowing easier access to mobility services
5.1.2 Drivers
5.1.2.1 Cost effectiveness and convenience of MaaS
5.1.2.2 Growing concerns about greenhouse gas emissions
5.1.2.3 Urban road congestion
5.1.2.4 Government initiatives facilitating the adoption of MaaS
5.1.3 Impact Analysis of Drivers on Market Forecast
5.1.4 Constraints
5.1.4.1 Vandalism, theft and abusive parking
5.1.4.2 Weather and infrastructure challenges
5.1.5 Market Forecast Restrictions Impact Analysis
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 VE
6.1.1 MaaS Enterprise Initiatives for EV Adoption
6.1.2 MaaS Company Targets for EV Adoption
6.2 Autonomous vehicles

Chapter 7. Global Market Size and Forecast

Companies cited

  • ANI Technologies Pvt. ltd.

  • Lyft Inc.

  • Uber Technologies Inc.

  • Beijing Xiaoju Technology Co.Ltd. (Didi Chuxing)

  • Grab Holdings Inc.

  • Hertz Global Holdings Inc.

  • Avis Budget Group Inc.

  • Enterprise Holding Inc.

  • Europcar Mobility Group SA

  • Sixt SE

  • Car2Go Ltd.

  • DriveNow GmbH & Co. KG

  • Shenzhou Youche (Fujian) Information Technology Co. Ltd. (UCAR)

  • CarShare Australia Pty. ltd.

  • turo inc.

  • Zipcar Inc.

  • Gett inc.

  • Addison Lee Ltd.

  • FREE NOW

  • MLU B.V.

For more information about this report visit https://www.researchandmarkets.com/r/4onkd7

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SOURCE Research and Markets

Sara H. Byrd