Mobility-as-a-Service to Displace 2.2 Billion Private Car
Journeys by 2025; Driven by Public Private Partnerships
370% Growth Over Next 4 Years
A new study by Juniper Research has
found that MaaS (Mobility-as-a-Service) will displace over 2.2 billion private
car journeys by 2025; rising from 471 million in 2021. The concept of MaaS
involves the provision of multimodal end-to-end travel services through a
single platform by which users can determine the best route and price according
to real-time traffic conditions and demand.
The research identified government investment in public transport and
public-led partnerships between MaaS vendors and transport operators as key to
incentivising adoption by consumers over the next four years. However, it
cautioned that the need for mobile devices and Internet connectivity will limit
adoption to developed regions. As a result, it predicts that over 70% of these
displaced journeys will occur in Europe and the Far East by 2025.
MaaS to Disrupt Travel Ecosystems
The new research, Mobility-as-a-Service: Business
Models, Vendor Strategies & Market Forecasts 2021-2027,
anticipated that, as the pandemic wanes, MaaS solution providers should view
the increasing demand for travel as an opportunity to disrupt established
transport provision ecosystems by demonstrating the cost-effectiveness and
efficiencies of their platforms.
Research author Adam Wears explained: ‘As travel returns to normal,
solution providers must look to maximise the benefits of their services, by
offering as many transport modalities as possible through their platforms.
Therefore, signing partnerships to maximise the value of their MaaS offering
must be considered the highest priority.’
Significant Environmental Benefits
By displacing a high volume of car journeys, MaaS will also generate a saving
of CO2 emissions worth 14 million metric tons in 2025; rising from 3
million metric tons in 2021. However, the report predicts that increasing
electrification of private taxis and buses is essential to realise this growth
in carbon emission reductions over the next 4 years. To achieve this, it urges
increasing investment into electrification technologies from governmental
bodies, to accelerate adoption amongst public transport operators to benefit
from lower-emission vehicles sooner.
Source: Juniper Research media announcement
