Your browser does not support JavaScript!

Mapping the Future of Next-Generation Mobility: Market Trends and Projections 2025–2035

General Report April 29, 2025
goover

  • As of April 29, 2025, the global landscape of next-generation mobility is characterized by both significant growth and rapid technological advancements. The sector, particularly areas such as Mobility as a Service (MaaS) and on-demand taxi applications, has surpassed revenue thresholds of USD 300 billion in 2025. This growth is propelled by high double-digit compound annual growth rates (CAGRs) projected through 2034, signaling robust demand and expansive market penetration. Specific segments, including micro-mobility, autonomous vehicles, and smart mobility, are experiencing accelerated development fueled by electrification, enhanced connectivity, and AI-enabled logistics, indicating a transformative shift in urban transportation dynamics. It is essential to note the regional disparities: North America leads in smart mobility innovations, while Europe and Asia show promising trends towards shared mobility schemes, highlighting the need for adaptable and regionally-specific strategies to effectively meet varying market demands.

  • In 2025, the Mobility as a Service (MaaS) segment alone was pegged at approximately USD 302.18 billion, marking a pivotal transition from traditional vehicular ownership toward integrated transport solutions that promote sustainability. Coupled with the anticipated CAGRs—17.10% for MaaS, 10.22% for ride-hailing services, and 17.4% for micro-mobility—these figures underscore a growing consumer preference for flexible and diverse transportation options. The market's trajectory also emphasizes the necessity for continued infrastructural investments to support such growth, aligned with evolving customer expectations and environmental considerations. In analyzing segment-specific trends, the on-demand taxi services are projected to grow substantially, driven by urbanization and technological advancements that enhance accessibility, while micro-mobility continues to expand, addressing last-mile connectivity challenges in urban areas.

  • This report draws on comprehensive data from multiple market studies to provide insights into the current growth status, segment-specific trends, and the technological drivers propelling the next-generation mobility landscape. Moreover, the discussion underscores critical infrastructural challenges and sustainability objectives that must be addressed to ensure a resilient and effective transition to future mobility options, paving the way for innovation and enhanced urban mobility by 2035.

Market Overview and Growth Projections

  • Global mobility market size in 2025

  • As of April 2025, the global mobility market has demonstrated significant growth, achieving a valuation of USD 302.18 billion for the Mobility as a Service (MaaS) sector alone. This marks a critical threshold as the industry transitions from traditional transport models towards integrated transport solutions that facilitate both convenience and sustainability. The MaaS framework enables users to plan, book, and pay for multiple transportation modes through a single platform, thereby streamlining the transportation experience in urban settings and contributing to decreased road congestion and pollution.

  • CAGR forecasts through 2033/2034

  • The mobility market is expected to maintain a robust compound annual growth rate (CAGR) over the upcoming years. The Mobility as a Service segment is projected to grow at a rate of 17.10% CAGR until 2033, ultimately reaching approximately USD 1.068 trillion by that year, reflecting a boom in consumer demand for diverse transport options. Similarly, the On-Demand Taxi Booking App market is forecasted to expand at a CAGR of 10.22%, surging to USD 130.48 billion by 2033, and the Micro-Mobility market is anticipated to grow at an impressive CAGR of 17.4%, reaching nearly USD 243.22 billion by 2030. These figures signal substantial market penetration and the need for continued infrastructural support to accommodate this growth.

  • Segment-specific revenue projections

  • Analyzing segment-specific revenue, the On-Demand Taxi services show a remarkable trajectory with the market expected to increase from USD 54.35 billion in 2024 to USD 130.48 billion by 2033. This growth is driven by increasing urbanization, technological advancements in app functionalities, and a shift in consumer preferences toward more flexible transportation options. The Micro-mobility segment, encompassing electric bikes and scooters, not only addresses last-mile connectivity issues but also benefits from a growing focus on sustainable transport practices, contributing further to its anticipated revenue increase. Additionally, investments in electric vehicles within the reverse logistics sector point towards a sustainable shift that is influencing overall market dynamics.

Segment Trends: MaaS, Taxi, Micro-Mobility, and Logistics

  • MaaS adoption in urban transport

  • As of April 29, 2025, the Mobility as a Service (MaaS) market has demonstrated substantial growth, with revenues reaching approximately USD 302.18 billion in 2025 alone. The global market is on track to expand towards USD 1, 068.37 billion by 2033, reflecting a compound annual growth rate (CAGR) of 17.10%. This growth trajectory signifies a significant shift from traditional personal vehicle ownership towards a more integrated approach to urban transport, where users have seamless access to various mobility options—from car sharing and ride-hailing to public transport—all via a single platform.

  • The increasing demand for MaaS can be attributed to multiple factors, including heightened urbanization, government support for sustainable transport solutions, and the rising prevalence of shared mobility. In metropolitan areas, where congestion and pollution are pressing issues, the MaaS model effectively minimizes reliance on personal vehicles, thereby contributing to a decrease in traffic congestion and carbon emissions. With the acceleration of digital technologies, personalized applications and flexible payment systems have emerged as key trends, further enhancing consumer engagement and market penetration.

  • Growth trajectory of on-demand taxi services

  • The on-demand taxi service market is experiencing robust growth, projected to expand at a noteworthy CAGR of 10.22% from 2025 to 2033. The market size is anticipated to escalate from USD 54.35 billion in 2024 to USD 130.48 billion by 2033. This trend reflects a significant shift in consumer preferences towards convenience and technology-driven solutions for urban transport.

  • Key drivers of this trend include urbanization and the increasing adoption of smartphones, which enhance access to ride-hailing platforms. According to the World Bank, urban centers are expected to accommodate a larger population, stimulating demand for efficient transportation options. Additionally, advancements in GPS technology and mobile payment systems have improved the user experience, making these apps integral to modern urban commuting. Recent government initiatives promoting ride-hailing services are expected to further bolster market expansion, helping to alleviate pressures related to traffic congestion and emissions.

  • Micro-mobility uptake and operational challenges

  • Micro-mobility solutions, which include electric scooters and shared bike systems, are gaining traction as practical alternatives for short-distance travel, especially amidst growing urban congestion and environmental consciousness. The micro-mobility market was valued at USD 79.12 billion in 2023 and is projected to grow at a CAGR of 17.4%, potentially reaching USD 243.22 billion by 2030.

  • However, the sector faces significant operational challenges, such as regulatory hurdles, infrastructure inadequacies, and safety concerns. Companies in this space are responding with strategic innovations and advocating for supportive policies to foster growth. Integration with existing transportation networks is crucial for enhancing accessibility and creating effective urban mobility solutions. Efforts focus on improving vehicle durability, implementing safety features, and expanding operational areas to meet the increasing demand.

  • Expansion of reverse logistics services

  • The reverse logistics market is poised for notable growth, particularly driven by the expansion of e-commerce and the increasing frequency of product returns. As of April 2025, the reverse logistics segment was valued at USD 731.30 billion in 2022 and is expected to witness a CAGR of 9.4% from 2023 to 2030. This growth is largely due to the rise in online shopping, where ease of returns is a critical factor for consumers.

  • Companies are increasingly prioritizing efficient reverse logistics solutions to accommodate customer preferences for hassle-free returns. Technologies such as automation, robotics, and predictive analytics are being adopted to streamline return processes and enhance operational efficiency. Furthermore, the integration of these technologies within the logistics framework is expected to foster customer satisfaction while minimizing operational costs.

  • Scaling of EV and LNG truck fleets in freight

  • GreenLine Mobility Solutions is among the leaders in the shift towards more sustainable freight transport, currently operating a fleet of 650 LNG trucks with plans to expand to 10, 000 vehicles in the coming years. The company's strategy aligns with India’s goal to reduce greenhouse gas emissions by 30% by 2030, as part of a broader initiative to decarbonize the heavy commercial truck sector.

  • The environmental advantages of LNG trucks—emitting significantly lower carbon and particulate matter compared to traditional diesel trucks—coupled with economic parity, are compelling companies toward greener logistics solutions. GreenLine aims to establish a widespread network of LNG refueling stations and EV charging infrastructure to support this transition, reflecting a proactive approach to address emissions in the logistics sector.

Technological and Innovation Drivers

  • Electrification and EV charging infrastructure deployment

  • The electrification of vehicles is a central theme in the current transformation of the mobility sector. As of April 2025, stakeholders are focused on expanding electric vehicle (EV) charging infrastructure to meet the increasing demand for sustainable transportation solutions. Major automakers and utility companies are investing significantly in the development of comprehensive charging networks. For instance, the integration of fast-charging stations along major highways and in urban centers is becoming commonplace, reflecting a strategic shift towards enhancing accessibility for EV users. This evolution is propelled by government incentives aimed at reducing dependency on fossil fuels and fostering a cleaner environment. The cost-effectiveness of solar and renewable energy solutions further boosts this shift, contributing to a more sustainable charging ecosystem.

  • Progress in autonomous and connected vehicle R&D

  • The research and development (R&D) efforts in autonomous vehicles remain robust and continue to gain momentum. As reported in early 2025, the global autonomous vehicle market is projected to reach approximately USD 4450.34 billion by 2034, driven by a compound annual growth rate (CAGR) of 36.3% from 2025. Major technology firms are committing extensive resources to improve vehicle autonomy, integrating advanced driver-assistance systems (ADAS) with artificial intelligence (AI) for enhanced safety and operational efficiency. Regulatory frameworks in regions like the U.S. are evolving to facilitate road testing of autonomous systems, indicating a growing confidence in these technologies. The implications are significant; as these vehicles become more reliable, they are expected to transform public transportation and individual mobility, fostering a new era of urban travel.

  • AI and digitalization transforming logistics operations

  • Artificial Intelligence (AI) is fundamentally reshaping logistics operations across the mobility sector. Companies such as C.H. Robinson and ITS Logistics have been early adopters of AI-driven strategies to streamline their processes. These advancements emphasize predictive analytics to enhance efficiency, allowing logistics firms to optimize routing, reduce delivery times, and minimize costs. As customer expectations evolve, the integration of AI not only meets the demand for faster service but also elevates the overall customer experience. Additionally, digitalization in logistics underscores the increasing reliance on data-driven decision-making, which positions firms to be more agile in responding to market dynamics. The future potential of AI in logistics is vast, with continuous enhancements on the horizon.

  • Advances in ADAS shaping future mobility

  • Advanced Driver-Assistance Systems (ADAS) are at the forefront of enhancing vehicle safety and facilitating the transition towards fully autonomous driving. Current trends indicate that these systems will play a critical role in reducing traffic accidents and improving overall road safety. As of April 2025, significant advancements in ADAS technologies, such as lane-keeping assistance, adaptive cruise control, and automated emergency braking, are increasingly prevalent in new vehicle models. The ongoing development of these systems is supported by a fusion of hardware and software innovations, alongside growing consumer acceptance and regulatory backing. In essence, ADAS not only enhances the safety of individual vehicles but also contributes to a more interconnected and efficient transportation ecosystem.

  • Corporate visions and strategic initiatives

  • The strategic initiatives undertaken by major corporations in the mobility sector reflect a commitment to leading technological innovation. For instance, Hyundai Mobis has launched a new vision aimed at establishing itself as a frontrunner in future mobility. This vision focuses on 'Leading the Shift in Mobility', promoting innovative technologies and solutions while aiming to expand its global customer base significantly. Such corporate goals highlight an industry-wide recognition of the necessity for dynamic adaptation in response to rapid technological advancements and shifting consumer expectations. As companies venture into the realms of electrification, connectivity, and autonomous driving, their strategic directions signal a collective endeavor to redefine the future of mobility.

Regional Dynamics and Business Models

  • North America’s lead in smart mobility adoption

  • As of April 2025, North America continues to hold a significant edge in the widespread adoption of smart mobility solutions. Factors contributing to this leadership include advanced technology infrastructure, substantial investments in electric vehicle (EV) charging networks, and the integration of artificial intelligence (AI) in traffic management systems. Reports indicate that the smart mobility market in this region is projected to reach USD 419 billion by 2034, marking a considerable growth from USD 45.7 billion in 2024, thereby cementing North America's role as a pioneer in transforming urban transport solutions.

  • Shared mobility frameworks in Europe and Asia

  • Europe has emerged as a leader in implementing shared mobility frameworks, notably through the integration of technology into public transport systems. Cities are adopting smart mobility initiatives that incorporate real-time data analytics and mobile applications to enhance user experience and optimize transport efficiency. Meanwhile, Asia's rapid urbanization and growth of the middle class present substantial opportunities for shared mobility services. The region is seeing a burgeoning market for ride-hailing and car-sharing services, aided by favorable regulatory environments and increasing demand for flexible transport options.

  • Opportunities in emerging urban markets

  • Emerging urban markets across Africa and parts of Asia present unique opportunities for mobility providers. As urbanization accelerates, cities are grappling with congestion and pollution; thus, there is a pressing need for efficient and eco-friendly transport alternatives. Reports suggest that countries in Africa could see an annual growth of 8% in their mobility markets, driven primarily by ride-hailing and micro-mobility solutions that are increasingly adopted due to low rates of car ownership. This shift not only caters to local demands but also aligns with global sustainability targets aimed at reducing vehicular emissions.

  • Impact of regulations and policy shifts

  • Regulations and policy shifts are playing a pivotal role in shaping the future of mobility sectors across various regions. In North America and Europe, policymakers are actively fostering environments conducive to the growth of smart mobility solutions through incentives for EV adoption and infrastructure upgrades. Similarly, Asia is witnessing governmental initiatives aimed at promoting shared mobility, with investments in smart city projects facilitating more reliable and sustainable transport options. The effective collaboration between government and private sectors is essential in developing frameworks that support innovation while ensuring safety and accessibility.

  • Evolution of MaaS business models

  • The evolution of Mobility as a Service (MaaS) business models is indicative of a broader shift towards integrated and user-centric transport solutions. MaaS providers in regions like Europe and Asia are leveraging partnerships with public transit authorities to offer seamless and multi-modal transport options. This integration allows users to plan, book, and pay for various transport modes through a single application, enhancing the convenience and attractiveness of shared transportation. The anticipated growth of this sector aligns with trends favoring sustainability and urban efficiency, emphasizing the importance of data-driven approaches in service delivery.

Future Outlook and Challenges

  • Long-term market projections to 2035

  • The global mobility market is projected to evolve significantly by 2035, potentially reaching an astonishing $1.1 trillion. This projection is underpinned by rapid technological advancements and regulatory reforms, which are facilitating the adoption of sustainable mobility alternatives. Notably, digital services such as advanced driver-assistance systems (ADAS) and electric vehicle (EV) charging infrastructure are expected to drive much of this growth, outpacing the overall mobility sector, which is forecasted to show steadier growth rates. As reported by the Oliver Wyman Forum, individual mobility modes that once fueled growth have stabilized, while digital and service-centric offerings are becoming the predominant drivers of market expansion.

  • In terms of regional growth, Asia is anticipated to lead with an 11% annual growth rate, attributable to its burgeoning middle class and urban density. However, mature markets like North America and Europe will also contribute, albeit at slower rates due to existing infrastructural challenges and cultural preferences for personal vehicle usage.

  • Infrastructure investment and financing needs

  • A critical challenge ahead for the mobility sector is the substantial investment required for infrastructure development. Experts estimate that achieving the outlined growth by 2035 necessitates a robust influx of capital, particularly in EV charging stations, smart public transport systems, and integrated multimodal transport solutions. Investments must not only focus on expanding capacity but also on ensuring that infrastructure is sustainable and efficient. Public-private partnerships are viewed as vital for mobilizing resources and expertise, as governments and private firms collaborate to create an interconnected mobility ecosystem, enhancing efficiency and accessibility for consumers.

  • Financing strategies will need to adapt to incorporate innovative funding models, including green bonds, venture capital investments in mobility startups, and municipal bonds targeted at infrastructure improvements. The equitable distribution of these investments is equally essential, ensuring that underserved urban areas also benefit from advancements in mobility services.

  • Integration of multimodal transport systems

  • Future mobility frameworks are expected to increasingly integrate multimodal transport systems, enabling seamless transitions between different modes of transport, such as buses, trains, bicycles, and ride-sharing services. Achieving this integrated approach requires significant technological advancements, including enhanced data sharing and interconnectivity between platforms.

  • As per current market analyses, emerging technologies like the Internet of Things (IoT) and real-time analytics will play a crucial role in this integration, providing users with efficient routing options and real-time updates. Enhanced connectivity will also facilitate better use of public transport, reducing dependency on personal vehicles, and will ultimately support sustainability efforts by minimizing urban congestion and associated emissions.

  • Sustainability targets and environmental considerations

  • A fundamental pillar of the future outlook for mobility is the need to meet ambitious sustainability targets. Initiatives aimed at reducing carbon footprints are expected to gain momentum, driven by both market demand and governmental regulations. This includes increasing the adoption of electrified transport options, promoting active modes of transport, and implementing policies that incentivize sustainability.

  • Research indicates that as cities develop more comprehensive mobility as a service (MaaS) models, there will be significant opportunities to enhance the environmental impact of urban travel. Ensuring that mobility services contribute positively to urban livability will necessitate adherence to strict sustainability criteria in transport and infrastructure development.

  • Regulatory hurdles and market barriers ahead

  • Despite the promising outlook, the mobility sector faces several regulatory hurdles that could stifle innovation and growth. Existing regulations may not adequately support emerging technologies such as autonomous vehicles and electric scooters, thereby delaying their deployment.

  • Stakeholders must actively engage with regulatory bodies to create frameworks that not only encourage innovation but also ensure safety and accessibility. This collaboration will be essential to navigating potential market barriers and ensuring that the mobility ecosystem evolves in a manner that meets the needs of all community members.

  • It is also crucial to address public perception and acceptance of new mobility solutions, which can be influenced by regulatory decisions and the pace of technological advancement. Ongoing dialogues involving technology providers, regulators, and community stakeholders will be key to fostering a supportive ecosystem.

Wrap Up

  • The next-generation mobility sector is currently positioned at a crucial juncture marked by substantial market growth, technological breakthroughs, and evolving customer expectations. Key findings indicate that global revenues have surpassed USD 300 billion in core segments, with optimistic forecasts driven by themes of electrification, autonomous vehicle integration, and AI-optimized logistics solutions. Notably, North America maintains a leading edge, driven by significant investment in smart mobility adaptations, while Europe and Asia are innovatively shaping shared-mobility frameworks—highlighting the diverse business models that different regions undertake to harness emerging opportunities.

  • To fully capitalize on these developments, industry stakeholders are encouraged to prioritize cross-sector partnerships, invest in the establishment of EV charging and digital infrastructure, and proactively engage with regulatory bodies to foster an environment conducive to sustainable advancement. As the mobility landscape continues to evolve, pivotal directions include the scaling of autonomous vehicle fleets, deeper integration of AI across logistics operations, and placing sustainability at the forefront of mobility planning initiatives.

  • Addressing these strategic imperatives will be essential as stakeholders navigate the complexities of a rapidly changing market landscape while aiming for long-term resilience and growth. The evolving narrative within the mobility sector continues to promise an exciting future, and ongoing efforts to innovate and adapt will determine the trajectory leading into 2035 and beyond.

Glossary

  • Mobility as a Service (MaaS): MaaS is an integrated transport model that allows users to plan, book, and pay for various modes of transportation through a single application. This approach aims to enhance convenience in urban settings while promoting the use of sustainable transport options. As of April 29, 2025, the global MaaS market reached a valuation of approximately USD 302.18 billion and is projected to grow significantly in the coming years.
  • On-Demand Taxi: This term refers to a transportation service enabled by mobile applications that allow users to request rides from taxi services or private drivers at their convenience. The on-demand taxi service market is projected to grow at a compound annual growth rate (CAGR) of 10.22% from 2025 to 2033, indicating robust consumer demand for these flexible transport solutions.
  • Micro-Mobility: Micro-mobility encompasses small, lightweight vehicles, like electric scooters and bikes, designed for short-distance travel. This sector is seeing rapid growth, driven by urban congestion and a focus on sustainability, with a projected CAGR of 17.4%, reaching nearly USD 243.22 billion by 2030.
  • Autonomous Vehicles: Autonomous vehicles are cars or trucks that are capable of navigating and driving themselves without human intervention, largely by using advanced technologies such as artificial intelligence and sensor systems. Expected to experience a CAGR of 36.3% until 2034, the market for these vehicles is poised for significant growth as technology and regulatory frameworks evolve.
  • Smart Mobility: Smart mobility refers to the use of technology and data to enhance transportation solutions, making them safer, more efficient, and environmentally friendly. As of April 2025, North America is a leader in smart mobility, projected to reach a market size of USD 419 billion by 2034.
  • Advanced Driver-Assistance Systems (ADAS): ADAS are electronic systems in vehicles that enhance safety and driving convenience by assisting the driver. Features include lane-keeping assistance, adaptive cruise control, and automated emergency braking. As of April 2025, advancements in ADAS technologies are increasingly prevalent, contributing to the broader adoption of autonomous driving.
  • CAGR (Compound Annual Growth Rate): CAGR is a useful measure that describes the mean annual growth rate of an investment or market over a specified time period, often expressed as a percentage. For example, the MaaS sector is projected to grow at a CAGR of 17.10% from 2025 to 2033, indicating a strong demand trajectory.
  • EV Charging Infrastructure: This refers to the network of stations and systems designed to charge electric vehicles (EVs). As of April 2025, there is a significant push for expanding this infrastructure as part of efforts to support sustainable transportation and reduce reliance on fossil fuels.
  • Reverse Logistics: Reverse logistics involves the process of returning products from consumers back to manufacturers or retailers, often for purposes such as recycling, repairs, or disposal. The reverse logistics market, valued at USD 731.30 billion in 2022, is projected to experience significant growth due to increased e-commerce activities.
  • AI Logistics: AI logistics refers to the integration of artificial intelligence technologies in logistics operations to enhance efficiency and decision-making. Companies are increasingly leveraging AI for predictive analytics, optimizing routing, and improving customer experience, as the sector rapidly adopts digital tools.
  • Sustainability Targets: Sustainability targets are goals set by organizations and governments aimed at minimizing environmental impact, reducing carbon emissions, and promoting eco-friendly practices. Achieving these targets is crucial for the mobility sector as it progresses toward more sustainable transport solutions.
  • Urban Mobility: Urban mobility refers to the transportation methods available within an urban area, emphasizing accessibility and sustainability. The dynamics of urban mobility are shifting as cities adopt integrated systems that facilitate various transport modes, including public transit, shared services, and active transportation.

Source Documents