Lucintel Forecasts Mobility as a Service Market to Reach $XX Billion by 2028

According to the recent study the mobility as a service market is projected to reach an estimated $XX billion by 2028 from $XX billion in 2023, at a CAGR of 16% to 18% from 2023 to 2028. Growth in this market is primarily driven by increasing modes of transportation, rising pollution levels around the world, and growing ownership cost of vehicles.

Browse XX figures / charts and XX tables in this 150 -page report to understand trends, opportunities and forecast in 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).

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“Electric market is expected to remain the largest segment during the forecast period.”

Based on vehicle, the mobility as a service market is segmented into ICE, electric, hybrid electric, and CNG/LPG. Lucintel forecasts that the electric market is expected to remain the largest segment 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.

“Within the mobility as a service market, the ride-hailing segment is expected to remain the largest service”

Based on service the ride-hailing segment is expected to witness the highest growth over the forecast period due to the increasing internet penetration, rising expenses of vehicle owners, and digitization of transportation services.

“Asia pacific will dominate the mobility as a service market in near future”

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.

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Major players of mobility as a service market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. ANI Technologies, Lyft, Uber Technologies, Beijing Xiaoju Technology, Grab Holdings, Hertz Global Holdings, and Avis Budget Group are among the major mobility as a service providers. This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link or [email protected]

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