Mobility as a Service Market Analysis by Leading Companies: Lyft & Spin, Ube, Etc.

Markntel Advisors, a leading consulting, data analytics, and market research firm, recently published an analytical report description that describes the recent achievements and developments of prominent players including new launching of innovative products, strategic collaborations, or partnerships, that bolster the growth of the Global Mobility as a Service market. One of the leading players Lyft & Spin announced a partnership for bringing Spin scooters to the Lyft app across 60 locations in the US, where the initial rollout began in Nashville, Tennessee. This integration is in line with Lyft's goals toward becoming the go-to transportation platform as riders have new, cost-effective, & more sustainable ways to commute across different points.
The report further comprises, “Global Mobility as a Service Market Research Report: Forecast (2023-2028)”, According to the report, the Global Mobility as a Service Market is projected to grow at a CAGR of around 32% during the forecast period, i.e., 2023-28.
Bifurcation Analysis Based On Service, Solution and Business Model
The Mobility as a Service market is segmented into six segments based on component, solution, commuting pattern, pricing model, business model, and region
- Based on Component the market is segmented into Ride (Hailing, Sharing), Vehicle Sharing (Car Sharing, Bi-Cycle Sharing, Motorbike Sharing), and Public Transport (Bus Sharing/ Shuttle Service, Train)
· Based on the Solution the market is segmented into Technology Platforms, Payment Engines, Navigation Solutions, Telecom connectivity, Ticking Solutions, and Insurance Services
· Based on the Commuting Pattern the market is segmented into Daily Commuting, First and Last mile, Inter-City Trips, Off-Peak & Shift Work Commute, Airport or Mass Transit Station, and Others
· Based on the Pricing Model the market is segmented into Pay-as-you-go and Monthly subscription
· Based on Business model the market is segmented into B2B, B2C, B2I, and B2G
· Based on Region, the market is segmented into Asia-Pacific, North America, Europe, Middle East & Africa, and South America
Download a sample PDF of this report to gain insights into the complete report structure - https://www.marknteladvisors.com/query/request-sample/global-mobility-as-a-service-market.html
Key Takeaways
- Study Period: Mobility as a Service market report historical data – 2018-21, Base year – 2022, and Forecast Period- 2023-28
- Market Growth: The Mobility as a Service Market is estimated to grow at a CAGR of around 32% during the forecast period, i.e., 2023-28
- Growth Driver: The Mobility as a Service market is expected to expand with the rapidly growing demand for on-demand transportation
- Growth Challenges: The Mobility as a Service market is expected to be hampered owing to the integration of government and private sector companies
- By Services: Ride-hailing services are expected to attain a significant share of the Global Mobility as a Service Market, owing to rising technological advances in digital payments safety, and convenience for riders, the rapidly growing internet penetration, the burgeoning adoption of connected and automated vehicles to reduce CO2 emissions, and skyrocketing vehicle ownership costs.
- By Solution: Insurance services led the market segment because of the increasing insurance premiums for trip cancellations & delays, property damage, & road accidents.
- By Business Model: B2C is projected to generate considerable revenue for the market owing mainly to the ever-increasing utilization of EVs (Electric Vehicles) & autonomous cars as well as personalized services like easy booking, trip planning, scheduling, ticketing, & payment interface
- By Region: Asia-Pacific is predicted to acquire a prominent share of the industry primarily owing to the rapidly rising vehicle ownership costs, rapid urbanization, the high population growth rate, and increasing fuel prices, especially in India & China, i.e., accelerating the need for an efficient transportation system
Frequently Asked Questions (FAQs)-
- What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
- What are the trends influencing the current scenario of the market?
- What leading factors would propel and impede the industry across the geography?
- How has the industry been evolving in terms of geography & Mobility as a Service adoption?
5. How has the competition been shaping up across the geography?
6. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?
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