As stated by a market research firm, P&S Intelligence, the total size of the mobility-as-a-service market was USD 128,489.2 million in 2021, and it will power at a rate of 16.8% in the years to come to reach USD 519,697.5 million by 2030.

The daily commuting category was the largest and it will grow at the highest growth rate, of over 17%. The growth of this category can be credited to the growing requirement for shared mobility services amongst students and young professionals, for meeting their daily commutation requirements.

Car dominated the mobility-as-a-service market in the recent past. The early initiation of car rental and carsharing services is the main factor behind the domination of the industry. 

Furthermore, the advanced value chain and governing support in numerous nations have supported the requirement for carsharing and car rental services.

The electric propulsion category will have the highest growth rate of more than 40%, in the years to come, because of the increasing requirement for necessity for electrification of transport systems. 

APAC dominated the market with approximately, 40% share. China is the largest market for shared mobility services. In 2021, numerous Chinese cities increased the use of electric vehicles across several service platforms, for promoting a greener environment. With incessant government support in the form of incentives and policies, China will experience robust growth in the years to come.

The increasing issues of urban road congestion and the increasing initiatives of the governments all over the world will play a major role in increasing the demand for mobility-as-a-service solutions all over  the world.

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