Public Transportation - Madagascar

Madagascar is expected to see a significant increase in revenue within the Public Transportation market in the coming years.
It is projected to reach US$38.10m in 2024 and grow at an annual rate of 5.08%, resulting in a market volume of US$48.81m by 2029.
The number of users is also expected to increase to 17.19m users by 2029.
In 2024, the user penetration rate is expected to be 42.1%, which is projected to increase to 49.4% by 2029.
The average revenue per user (ARPU) is estimated to be US$2.92.
Furthermore, it is expected that 13% of total revenue will come from online sales by 2029.
It is interesting to note that United States is projected to generate the most revenue in the Public Transportation market globally, reaching US$52bn in 2024.
Madagascar's public transportation system is largely informal, with zebu carts and taxi-brousses serving as the primary modes of travel.

Definition:

Local public transportation is used to transport people in everyday traffic by road, water, railway tracks, and sometimes by air (cable car) for local and regional transportation. In this market, revenues generated by ticket sales from public transportation companies, such as BVG (Berlin Transport Company), TfL (Transport for London), or Toei (東京都交通局: Tokyo Metropolitan Bureau of Transportation) are considered. Most providers sell single and group tickets or time-limited tickets for up to one year. This market does not take long-distance public transportation with national travel offerings into consideration.

Additional Information:

The main performance indicators of the Flights 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.

Local and regional public transportation by road, water, rail, and air
Regular transportation by bus, train, tram, subway, suburban trains, ferries, cable car, and trolleybus
All online and offline bookings for public transportation tickets and subscriptions, irrespective of the sales channel
Time-limited subscriptions and single tickets

Tickets for long-distance public transportation with nationwide travel offers
Private transportation
Freight transportation

The Public Transportation market in Madagascar has been experiencing significant growth in recent years. Customer preferences for convenient and affordable transportation options have been driving this trend. Additionally, local special circumstances and underlying macroeconomic factors have contributed to the development of the market. Customer preferences in Madagascar have shifted towards public transportation due to its convenience and affordability. As the population in urban areas continues to grow, the demand for efficient transportation solutions has increased. Public transportation offers a cost-effective alternative to private vehicles, especially for individuals who cannot afford to own a car or prefer not to deal with the hassle of driving in congested urban areas. Moreover, public transportation systems in Madagascar have been improving in terms of reliability and accessibility, further attracting customers who value convenience and efficiency. Trends in the market indicate a shift towards more sustainable transportation options. As environmental concerns become more prominent worldwide, Madagascar is also embracing greener alternatives. The government has been investing in the development of electric buses and other eco-friendly modes of public transportation. This trend is driven by both customer demand for sustainable options and the government's commitment to reducing carbon emissions and promoting a greener economy. Local special circumstances in Madagascar have also played a role in the development of the public transportation market. The country's geography, with its vast rural areas and limited road infrastructure, makes public transportation a necessity for many individuals. In addition, the high population density in urban areas creates a demand for efficient transportation systems to alleviate traffic congestion and improve mobility. Underlying macroeconomic factors have further contributed to the growth of the public transportation market in Madagascar. The country's economic development and increasing urbanization have led to a rise in disposable income and a growing middle class. This has resulted in higher demand for transportation services, including public transportation. Additionally, government initiatives to improve infrastructure and promote economic growth have facilitated the expansion of public transportation networks. In conclusion, the Public Transportation market in Madagascar has been developing due to customer preferences for convenience and affordability, as well as local special circumstances and underlying macroeconomic factors. The shift towards sustainable transportation options, the need for efficient transportation in urban areas, and the country's economic development have all contributed to the growth of the market. As Madagascar continues to invest in its public transportation infrastructure and promote sustainable mobility, the market is expected to further expand in the coming years.

Data coverage:

The data encompasses B2C enterprises. Figures are based on bookings, revenues, and online shares of public transportation.

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.

This report presents a comprehensive analysis and additional information on the Mobility market, in a PDF format.