Out-of-Home Advertising - Central Africa

  • Central Africa
  • In Central Africa, ad spending in the Out-of-Home Advertising market is forecasted to hit US$54.59m in 2024.
  • The largest market within Out-of-Home Advertising market is Traditional Out-of-Home Advertising, with a market volume of US$45.58m in 2024.
  • When compared globally, the highest ad spending is expected to come from United States (US$9,344.00m in 2024).
  • The average ad spending per capita in the Out-of-Home Advertising market is projected to be US$0.57 in 2024.
  • Central Africa's Out-of-Home Advertising market sees a rise in digital billboards, targeting urban populations for effective brand visibility.

Key regions: France, India, United Kingdom, Australia, China

 
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Analyst Opinion

The Out-of-Home Advertising market in Central Africa is experiencing steady growth due to changing customer preferences and the emergence of new trends in the market. Customer preferences in Central Africa have shifted towards outdoor advertising as it provides a tangible and visible presence for brands. With the increasing urbanization and population growth in the region, there is a growing demand for out-of-home advertisements that can reach a large audience. Additionally, consumers in Central Africa are more likely to trust and engage with brands that have a physical presence in their surroundings. Trends in the market show a rise in digital out-of-home advertising, which allows for more dynamic and interactive campaigns. Digital billboards and screens are becoming more common in major cities, providing advertisers with the opportunity to display targeted and real-time content. This trend is driven by technological advancements and the increasing availability of affordable digital advertising solutions in the market. Another trend in the market is the use of innovative and creative advertising formats. Advertisers are exploring unconventional locations and mediums to capture the attention of consumers. This includes using public transportation, street furniture, and even transforming buildings into giant billboards. These unique advertising strategies create a memorable experience for consumers and help brands stand out in a crowded market. Local special circumstances in Central Africa, such as limited access to internet and television, contribute to the growth of the out-of-home advertising market. Traditional forms of media, such as radio and print, are still widely consumed in the region. This makes out-of-home advertising a highly effective way to reach a large and diverse audience. Additionally, the lack of strict regulations and restrictions on outdoor advertising in some countries in Central Africa allows for more creativity and flexibility in campaign execution. Underlying macroeconomic factors also play a role in the development of the out-of-home advertising market in Central Africa. The region is experiencing economic growth and urbanization, which leads to increased consumer spending and a greater demand for advertising services. Furthermore, the presence of multinational companies and the expansion of local businesses contribute to the overall growth of the market. In conclusion, the Out-of-Home Advertising market in Central Africa is growing due to changing customer preferences, emerging trends, local special circumstances, and underlying macroeconomic factors. As the region continues to develop, the out-of-home advertising industry is expected to expand further, providing opportunities for both local and international advertisers to reach their target audience.

Methodology

Data coverage:

Data encompasses enterprises (B2B). Figures are based on out-of-home (OOH) advertising spending and exclude agency commissions, rebates, production costs, and taxes. The market covers traditional out-of-home advertising (offline out-of-home advertisements) and digital out-of-home advertising (internet-connected out-of-home advertisements).

Modeling approach:

Market size is determined by a combined top-down and bottom-up approach. We use annual financial reports of the market-leading companies and industry associations, third-party reports, and survey results from our primary research (e.g., Consumer Insights Global Survey) to analyze the markets. To estimate the market size for each country individually, we use relevant key market indicators and data from country-specific industry associations, such as GDP, population, urban population, and internet infrastructure.

Forecasts:

We use a variety of forecasting techniques, depending on the behavior of the market. For instance, the S-curve function is well suited to forecast digital products due to the non-linear growth of technology adoption, whereas exponential trend smoothing (ETS) is more suited for projecting steady growth in traditional advertising markets.

Additional notes:

Data is modeled using current exchange rates. The impacts of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice per year in case market dynamics change.

Overview

  • Ad Spending
  • Analyst Opinion
  • Global Comparison
  • Methodology
  • Key Market Indicators
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