PUBLISHER: Grand View Research | PRODUCT CODE: 1772212
PUBLISHER: Grand View Research | PRODUCT CODE: 1772212
The global mobility as a service market size is expected to reach USD 4,013.2 billion by 2033, growing at a CAGR of 40.1% from 2025 to 2033, according to a new report by Grand View Research, Inc. The escalation in demand for on-demand transportation services signifies a shift in consumer preferences for immediate access to transportation services. With individuals placing greater emphasis on hassle-free travel experiences catering to their specific schedules, the adoption of mobility as a service is experiencing significant growth due to its capability to integrate a range of transportation modes seamlessly.
The growing trend in mobile device adoption is a significant factor driving the growth of the MaaS market. With the high prevalence of mobile usage, which is pivotal in accessing and engaging with mobility as a service platform, users can effortlessly plan, book, and manage their transportation requirements. Intuitive mobility as a service application enhances accessibility and convenience in transportation services by satisfying the needs of various users through a single platform.
Moreover, the rapid economic expansion in emerging economies presents a favorable landscape for the growth of the MaaS market. As urbanization and rising disposable incomes rise, the demand for efficient, convenient, and sustainable transportation solutions grows. Mobility as a service emerges as a new concept in developing economies that addresses evolving mobility needs, offers integrated transportation services, and caters to previously unfulfilled demand due to a lack of infrastructure.
With the pandemic outbreak, there was a notable decrease in overall travel demand as individuals were confined to their homes, leading to a reduction in the utilization of mobility as a service. Additionally, the closure of businesses, entertainment venues, and educational institutions led to a decrease in the need for daily commuting, impacting the frequency of mobility as a service usage. While the initial stages of the pandemic resulted in challenges for the MaaS market, the industry is poised for a gradual recovery.