India Mobility as a Service Market is Booming and Predicted to Hit USD 1644 Billion by 2033
India Mobility as a Service Market Overview
Base Year: 2024
Historical Years: 2019-2024
Forecast Years: 2025-2033
Market Growth Rate: 27.30% (2025-2033)
Market Size in 2024: USD 187 Million
Market Size in 2033: USD 1644 Million
The India mobility as a service market is growing, driven by digital integration, convenience, and sustainable transportation solutions. According to the latest report by IMARC Group, the market size reached USD 187 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 1,644 Million by 2033, exhibiting a growth rate (CAGR) of 27.30% during 2025-2033.
India Mobility as a Service Market Trends and Drivers:
The growth of the Mobility as a Service (MaaS) market in India can be attributed to several key factors, including rapid urbanization, an increasing demand for efficient transportation solutions, and the widespread adoption of smartphones and mobile applications. As urban areas become more crowded and pollution levels rise, the need for sustainable, convenient transportation alternatives that reduce dependence on private vehicles is growing.
MaaS platforms, which integrate various transportation modes such as buses, metros, ride-sharing, and bike rentals into a single, user-friendly app, are addressing these challenges by providing seamless, on-demand mobility solutions. Additionally, government initiatives aimed at developing smart cities and promoting digitalization are further accelerating the adoption of MaaS, aligning with the broader vision of creating more efficient, connected, and sustainable urban environments.
A notable trend in the Indian MaaS market is the increasing collaboration between public and private sector stakeholders. Public transportation providers are increasingly partnering with tech companies and ride-sharing platforms to create integrated services that enhance accessibility and convenience for users.
The growing emphasis on electric vehicles (EVs) and the government’s focus on green mobility are also reshaping the MaaS landscape. Many MaaS platforms are incorporating EVs into their fleets to provide more environmentally friendly transportation options. Additionally, data-driven insights and artificial intelligence are playing a critical role in optimizing routes, reducing travel time, and enhancing the overall user experience.
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India Mobility as a Service Market Industry Segmentation:
The report has segmented the market into the following categories:
Breakup by Service:
- Ride-Hailing
- Ride-Sharing
- Car-Sharing
- Bus/Shuttle Service
- Others
Breakup by Transportation:
- Private
- Public
Breakup by Application Platform:
- Android
- iOS
- Others
Breakup by Propulsion Type:
- Electric Vehicle
- Internal Combustion Engine
- Others
Breakup by Region:
- North India
- West and Central India
- South India
- East and Northeast India
Competitive Landscape:
The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant.
Ask Analyst for Customization: https://www.imarcgroup.com/request?type=report&id=21424&flag=C
Key highlights of the Report:
- Market Performance (2018-2023)
- Market Outlook (2024-2032)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Strategic Recommendations
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us:
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services.
IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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