Key Market Indicators
Malawi's passenger transport sector is poised for significant growth, with revenue projected to hit approximately $11.7 million by 2028. This marks a substantial rise from the $8.8 million recorded in 2023. The industry is expected to expand at an average annual rate of 4.5% over the next five years. This steady growth continues a trend observed since 2000, during which the Malawian market has consistently increased by an average of 7.9% each year. The upward trajectory highlights the robust development within Malawi's transport sector, signaling promising prospects for stakeholders and investors alike.
