PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1410974
PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1410974
India Mobility as a Service Market, By Service Type ; By Transportation Type ; By Vehicle Type ; By Operating System ; By Application ; By End User ; By Business Model ; By Region, Trend Analysis, Competitive Landscape & Forecast, 2019-2030
India Mobility as a Service (MaaS) Market Size Booming 5X at Robust CAGR of 32.39% to Reach USD 4.71 Billion by 2030.
India Mobility as a Service (MaaS) Market is flourishing because of the rapid urbanization, growing population across cities, and increasing number of smart city projects.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the India Mobility as a Service (MaaS) Market size at USD 0.87 billion in 2023. During the forecast period between 2024 and 2030, BlueWeave expects the India Mobility as a Service (MaaS) Market size to boom at a robust CAGR of 32.39% reaching a value of USD 4.71 billion by 2030. Major growth drivers for the India Mobility as a Service (MaaS) Market include an increasing demand and the integration of advanced technologies. Enhanced customer experiences, facilitated by seamless wireless connectivity, mark a shift toward smartphone-based transportation bookings. This norm, empowered by improved internet connectivity, especially in developed countries, amplifies the market's prominence. Trust in secure, cost-effective, and punctual journeys contributes to the sector's expansion. Ride-sharing, car-sharing, and public transport gain significance amid growing populations, furthering MaaS adoption. Key players like Ola, Uber, and Zipcar, alongside revenue-generating solutions like traffic management and wireless navigation, fuel market growth. Continuous innovations, backed by extensive research, ensure sustained upward trends in the MaaS market during the forecast period. However, lack of infrastructure to scale MaaS application and lack of well-established public transport systems are anticipated to restrain the overall market growth during the period in analysis.
Opportunity - Continuous high adoption of electric vehicles (EVs)
The India Mobility-as-a-Service (MaaS) Market is undergoing a transformative shift, primarily driven by the increasing prevalence of electric vehicles. Positioned as a pivotal solution to global challenges, MaaS is at the forefront of the transition to cleaner fuels. Beyond the focus on vehicles, MaaS aims to cultivate a sustainable and inclusive mobility ecosystem. This evolution extends to Electric Mobility-as-a-Service (eMaaS), where the integration of battery technology plays a crucial role. The narrative introduces a comprehensive five-pronged strategy tailored for India. This strategy encompasses regulatory clarity, technological integration, and targeted financial interventions. Key regulatory initiatives involve policy formulation, integrated transport planning, and strategic collaboration with electricity regulators. Infrastructure and technological imperatives prioritize charging ecosystems, land availability, and collaborative frameworks. The financial integration aspect considers affordability, incentives, and support mechanisms, aligning with India's strategic vision for an environmentally conscious and collectively embraced MaaS future.
Impact of COVID-19 on India Mobility as a Service (MaaS) Market
COVID-19 pandemic adversely affected the India Mobility as a Service (MaaS) Market. Global lockdowns and social distancing measures led to a drastic reduction in mobility needs, causing a downturn in crucial market segments. With limited public movements, key sectors witnessed severe setbacks, triggering a significant economic decline. However, amid challenges, the pandemic spurred innovation and adaptation in the industry, exemplified by the integration of MaaS solutions for contactless payments and tracking. Looking ahead, the MaaS sector remains resilient, navigating the pandemic's aftermath. The focus on integrated, on-demand transportation solutions positions it for growth, responding to urbanization, traffic congestion, and the escalating demand for sustainable mobility alternatives in the evolving post-COVID landscape.
India Mobility as a Service (MaaS) Market - By Application
Based on application, the India Mobility as a Service (MaaS) Market is divided into Personalized Application Services, Journey Management, Journey Planning, and Flexible Payments & Transactions segments. The journey management segment is expected to hold the highest share in the India Mobility as a Service (MaaS) Market by application during the forecast period. Journey management within the MaaS framework involves optimizing routes, modes of transportation, and overall travel planning. The prominence of this segment underscores the demand for comprehensive solutions that simplify and enhance the end-to-end travel experience, catering to the evolving preferences of users in India's dynamic mobility landscape. This dominance signals a strategic focus on improving the efficiency and convenience of journeys through innovative MaaS applications and services.
Competitive Landscape
Major players operating in the India Mobility as a Service (MaaS) Market include: Avis Budget Group, movmi Shared Transportation Services Inc., Uber Technologies Inc., ANI Technologies Pvt. Ltd., Lyft Inc., Aptiv, Roppen Transportation, and Quick Ride. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of India Mobility as a Service (MaaS) Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in India Mobility as a Service (MaaS) Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
Table of Contents
1. Research Framework
- 1.1. Research Objective
- 1.2. Service Type Overview
- 1.3. Market Segmentation
2. Executive Summary
3. India Mobility as a Service (MaaS) Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Growth Drivers
- 3.2.1.1. Urbanization and population growth
- 3.2.1.2. Increasing smart city in initiatives
- 3.2.2. Restraints
- 3.2.2.1. Lack of infrastructure to scale MaaS application
- 3.2.2.2. Lack of well-established public transport systems
- 3.2.3. Opportunities
- 3.2.3.1. High prevalence of electric vehicles
- 3.2.3.2. Government initiatives
- 3.2.4. Challenges
- 3.2.4.1. Integration complexity
- 3.2.1. Growth Drivers
- 3.3. Technological Advancements/Recent Developments
- 3.4. Regulatory Framework
- 3.5. Porter's Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry
4. India Mobility as a Service (MaaS) Market Overview
- 4.1. Market Size & Forecast, 2019-2030
- 4.1.1. By Value (USD Million)
- 4.2. Market Share & Forecast
- 4.2.1. By Service Type
- 4.2.1.1. Ride Hailing
- 4.2.1.2. Car Sharing
- 4.2.1.3. Micro mobility
- 4.2.1.4. Bus Sharing
- 4.2.1.5. Train Services
- 4.2.2. By Transportation Type
- 4.2.2.1. Public
- 4.2.2.2. Private
- 4.2.3. By Vehicle Type
- 4.2.3.1. Micro mobility
- 4.2.3.2. Four-wheelers
- 4.2.3.3. Buses
- 4.2.3.4. Trains
- 4.2.4. By Operating System
- 4.2.4.1. Android
- 4.2.4.2. iOS
- 4.2.4.3. Others
- 4.2.5. By Application
- 4.2.5.1. Personalized Application Services
- 4.2.5.2. Journey Management
- 4.2.5.3. Journey Planning
- 4.2.5.4. Flexible Payments & Transactions
- 4.2.6. By End User
- 4.2.6.1. Business Developments
- 4.2.6.2. Transport Services
- 4.2.6.3. Academics
- 4.2.6.4. Civil Work
- 4.2.6.5. Hospital Transport Facility
- 4.2.6.6. Municipal Sector
- 4.2.7. By Business Model
- 4.2.7.1. Business-to-Business
- 4.2.7.2. Business-to-Consumer
- 4.2.7.3. Peer-to-Peer
- 4.2.8. By Region
- 4.2.8.1. North India
- 4.2.8.2. South India
- 4.2.8.3. East India
- 4.2.8.4. West India
- 4.2.1. By Service Type
5. Competitive Landscape
- 5.1. List of Key Players and Their Offerings
- 5.2. India Mobility as a Service (MaaS) Company Market Share Analysis, 2023
- 5.3. Competitive Benchmarking, By Operating Parameters
- 5.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
6. Impact of Covid-19 on India Mobility as a Service (MaaS) Market
7. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
- 7.1. Avis budget group
- 7.2. movmi Shared Transportation Services Inc.
- 7.3. Uber Technologies Inc
- 7.4. ANI Technologies Pvt Ltd
- 7.5. Lyft, Inc.
- 7.6. Aptiv
- 7.7. Roppen Transportation
- 7.8. Quick Ride
- 7.9. Other Prominent Players
8. Key Strategic Recommendations
9. Research Methodology
- 9.1. Qualitative Research
- 9.1.1. Primary & Secondary Research
- 9.2. Quantitative Research
- 9.3. Market Breakdown & Data Triangulation
- 9.3.1. Secondary Research
- 9.3.2. Primary Research
- 9.4. Breakdown of Primary Research Respondents, By Region
- 9.5. Assumptions & Limitations
*Financial information of non-listed companies can be provided as per availability.
**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.
List of Figures
- Figure 1 India Mobility As a Service (MaaS) Segmentation
- Figure 2 India Mobility As a Service (MaaS) Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2022
- Figure 4 India Mobility As a Service (MaaS) Market Size, By Value (USD Million), 2019-2030
- Figure 5 India Mobility As a Service (MaaS) Market Share, By Service Type, By Value, 2019-2030
- Figure 6 India Mobility As a Service (MaaS) Market Share, By Transportation Type, By Value, 2019-2030
- Figure 7 India Mobility As a Service (MaaS) Market Share, By Vehicle Type, By Value, 2019-2030
- Figure 8 India Mobility As a Service (MaaS) Market Share, By Operating System, By Value, 2019-2030
- Figure 9 India Mobility As a Service (MaaS) Market Share, By Application, By Value, 2019-2030
- Figure 10 India Mobility As a Service (MaaS) Market Share, By End User, By Value, 2019-2030
- Figure 11 India Mobility As a Service (MaaS) Market Share, By Region, By Value, 2019-2030
List of Tables
- Table 1 India Mobility As a Service (MaaS) Segmentation
- Table 2 India Mobility As a Service (MaaS) Market Value Chain Analysis
- Table 3 Company Market Size Analysis, 2021
- Table 4 India Mobility As a Service (MaaS) Market Size, By Value (USD Million), 2019-2030
- Table 5 India Mobility As a Service (MaaS) Market Share, By Service Type, By Value, 2019-2030
- Table 6 India Mobility As a Service (MaaS) Market Share, By Transportation Type, By Value, 2019-2030
- Table 7 India Mobility As a Service (MaaS) Market Share, By Vehicle Type, By Value, 2019-2030
- Table 8 India Mobility As a Service (MaaS) Market Share, By Operating System, By Value, 2019-2030
- Table 9 India Mobility As a Service (MaaS) Market Share, By Application, By Value, 2019-2030
- Table 10 India Mobility As a Service (MaaS) Market Share, By End User, By Value, 2019-2030
- Table 11 India Mobility As a Service (MaaS) Market Share, By Region, By Value, 2019-2030
- Table 12 Avis budget group Company Overview
- Table 13 Avis budget group Financial Overview
- Table 14 movmi Shared Transportation Services Inc. Company Overview
- Table 15 movmi Shared Transportation Services Inc. Financial Overview
- Table 16 Uber Technologies Inc Company Overview
- Table 17 Uber Technologies Inc Financial Overview
- Table 18 ANI Technologies Pvt Ltd Company Overview
- Table 19 ANI Technologies Pvt Ltd Financial Overview
- Table 20 Lyft, Inc. Company Overview
- Table 21 Lyft, Inc. Financial Overview
- Table 22 Aptiv Company Overview
- Table 23 Aptiv Financial Overview
- Table 24 Roppen Transportation Company Overview
- Table 25 Roppen Transportation Financial Overview
- Table 26 Quick Ride Company Overview
- Table 27 Quick Ride Financial Overview
