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Mobility-as-a-service to cut fuel costs of $10.8 billion by 2027, report says

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  • The Mobility-as-a-service (MaaS) market is likely to grow by 282% in the coming years.
  • MaaS platforms provide urban transportation solutions for consumers, such as taxi, bus and metro, integrated into a single platform.
  • These savings are achieved by displacing the use of private vehicles with public transport through MaaS platforms.

The Mobility-as-a-service (MaaS) market is likely to generate $10.8 billion in fuel cost savings by 2027, up from $2.8 billion in 2022, a 282% growth, a new report said on Monday. .

MaaS platforms provide urban transportation solutions for consumers, such as taxi, bus and metro, integrated into a single platform.

Nearly 41 percent of respondents cited transportation costs as the most important factor when it comes to transportation.

According to Research on juniper berriesAccording to the Urban Mobility Survey, MaaS’s growth is not only due to the fact that it is a cheaper travel alternative, but also to the convenience it offers by providing transportation with planning, purchasing and ticketing combined in one app.

The report states that CO2 reduction from displaced private car journeys is also fueling MaaS growth.

“MaaS has the potential to improve corporate social responsibility. As a result, MaaS suppliers should engage businesses by showing how MaaS can significantly reduce their carbon emissions from travel,” said study author Cara Malone.

These savings will be achieved through MaaS’s ability to reduce congestion by replacing the use of private vehicles with public transportation through MaaS platforms.

The distance traveled via micromobility, a form of transport using lightweight vehicles such as bicycles and scooters, will grow by 780 percent globally between 2022 and 2027, the report predicts.

Micromobility allows users to travel the first and last mile of their journey through very busy cities.

Growth will be driven by the increased deployment of micro-mobility infrastructure, including docking stations, bicycles and scooters, the report said.

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