Global Demand of Mobility as a Service in Market - Business Revenue Forecast
In 2018, the mobility as a service (MaaS) market generated a revenue of $171.5 billion and is expected to reach $347.6 billion in 2024, advancing at a 11.9% CAGR during the forecast period (2019–2024). The market is growing due to the increasing concerns regarding greenhouse gas emissions, urban road congestion, cost-effective and convenient mobility option, and supportive government initiatives for facilitating the adoption of MaaS. The integration of different transport services in one single mobility offer, with active mobility and an efficient public transport system as a basis is referred to as MaaS. In terms of service type, the mobility as a service market is categorized into shuttle service, bike sharing, car rental, ride sharing, carsharing, and ride hailing. Out of these, the car rental category dominated the market during the historical period (2014–2018) and is projected to hold the largest share of the market during the forecast period as well. This is because of