Shared Mobility - Malawi

Malawi

Highlights

The Shared Mobility market in Malawi is expected to generate a revenue of US$27.17m by 2024, with an annual growth rate (CAGR 2024-2029) of 5.68%, projecting the market volume to reach US$35.82m by 2029.
The largest market of this market in Malawi is Car Rentals, which is expected to reach a market volume of US$10.40m in 2024.
By 2029, the number of users in the Public Transportation market is projected to reach 5.47m users.
The user penetration rate will be 35.4% in 2024, and it is expected to increase to 42.4% by 2029.
The average revenue per user (ARPU) is projected to be US$3.57.
In Malawi's Shared Mobility market, it is estimated that 56% of the total revenue will be generated through online sales by 2029.
In terms of global comparison, China is expected to generate the highest revenue, amounting to US$365bn in 2024.
Shared mobility services in Malawi are still in their infancy, with only a few pilot projects and limited infrastructure available.

Key regions:

Definition:

The Shared Mobility market encompasses a diverse range of long- and short-distance mobility services. As the world moves towards a more connected and digital era, the Shared Mobility market is central to driving innovation, collaboration, and the development of intelligent transportation systems.

Structure:

The market consists of eleven further markets. These include the following markets:

The Car Rentals market contains vehicle rentals that have been booked in person, by telephone via the internet or an app.
The Car-sharing market includes professionally run car-sharing services that provide on-demand access vehicles, allowing users to rent cars for short periods, e.g., by minute or hour.
The Bike-sharing market contains short-term bike-sharing services. Bicycles can be found in the provider’s business zone where they are either parked at designated stations or freely distributed without fixed docks.
The Ride-hailing market encompasses on-demand transportation services facilitated through mobile apps or online platforms. This market covers both private vehicle rides and taxi services, all booked exclusively online.
The Taxi market covers exclusively traditional taxi services booked offline, typically via street hailing or phone calls.
The Flights market contains air travel bookings regardless of the purchase channel, such as an airline's website or a travel agency.
In the Public Transportation market, revenues generated by ticket sales from public transportation companies are considered.

Additional Information:

The main performance indicators of the Shared Mobility market are revenues, average revenue per user (ARPU), user numbers and user penetration rates. Additionally, online and offline sales channel shares display the distribution of online and offline bookings. The ARPU refers to the average revenue one user generates per year while the revenue represents the total booking volume. Revenues are generated through both online and offline sales channels and include exclusively B2C revenues and users for the above-mentioned markets. User numbers show only those individuals who have made a reservation, independent of the number of travelers on the booking. Each user is only counted once per year. Additional definitions for each market can be found within the respective market pages.

The booking volume includes all booked rides made by users from the selected region, regardless of where the ride took place.

For further information on the data displayed, refer to the info button right next to each box.

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Shared Mobility market in Malawi is experiencing significant growth and development in recent years.

Customer preferences: Customers in Malawi are increasingly looking for convenient and cost-effective transportation options. Shared mobility services offer flexibility and affordability, which resonate well with customers in urban areas. The rising trend of digitalization and smartphone penetration has also contributed to the growing demand for shared mobility services among tech-savvy customers.

Trends in the market: One of the notable trends in the Shared Mobility market in Malawi is the emergence of local startups offering innovative solutions tailored to the needs of the population. These startups are focusing on creating platforms that cater to specific customer segments, such as daily commuters, students, and tourists. Additionally, there is a growing interest in electric vehicles for shared mobility services, driven by the need for sustainable transportation solutions.

Local special circumstances: Malawi's infrastructure and road conditions present unique challenges for shared mobility providers. The lack of well-maintained roads in certain areas can impact the efficiency and accessibility of shared mobility services. Moreover, the regulatory environment in Malawi may also pose challenges for companies looking to enter the market, requiring them to navigate through licensing and compliance requirements.

Underlying macroeconomic factors: The economic landscape in Malawi plays a crucial role in shaping the Shared Mobility market. Factors such as income levels, unemployment rates, and GDP growth impact the affordability and demand for shared mobility services. As the country continues to develop and urbanize, there is a growing need for efficient transportation solutions, driving the expansion of the Shared Mobility market in Malawi.

Data coverage:

The data encompasses B2C enterprises. Figures are based on bookings, revenues, and online shares of car rentals, ride-hailing, taxi, car-sharing, bike-sharing, e-scooter-sharing, moped-sharing, trains, buses, public transportation, and flights.

Modeling approach:

Market sizes are determined through a bottom-up approach, building on a specific rationale for each market. As a basis for evaluating markets, we use financial reports, third-party studies and reports, federal statistical offices, industry associations, and price data. To estimate the number of users and bookings, we furthermore use data from the Statista Consumer Insigths Global survey. In addition, we use relevant key market indicators and data from country-specific associations, such as demographic data, GDP, consumer spending, internet penetration, and device usage. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, ARIMA, which allows time series forecasts, accounting for stationarity of data and enabling short-term estimates. Additionally, simple linear regression, Holt-Winters forecast, the S-curve function and exponential trend smoothing methods are applied.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change.