Shared Mobility - Chad

Chad

Highlights

The Shared Mobility market in Chad is expected to witness a significant surge in revenue in the coming years.
By 2024, the projected revenue is estimated to reach US$124.80m, with an anticipated annual growth rate (CAGR 2024-2029) of 2.30%.
This growth rate is expected to result in a projected market volume of US$139.80m by 2029.
The largest market in Chad's Shared Mobility market industry is Car Rentals, with a projected market volume of US$37.78m in 2024.
By 2029, the number of users of Public Transportation is expected to amount to 5.83m users.
The user penetration in 2024 is 30.7%, which is expected to increase to 33.0% by 2029.
The average revenue per user (ARPU) is expected to be US$21.55.
It is projected that by 2029, 50% of the total revenue generated in the Shared Mobility market in Chad will be through online sales.
When compared globally, China is expected to generate the most revenue in the Shared Mobility market, with an estimated revenue of US$365bn in 2024.
Shared mobility services are not yet available in Chad due to a lack of infrastructure and government support for such initiatives.

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 Chad is experiencing a gradual but noticeable growth, reflecting a shift in consumer preferences towards more flexible and cost-effective transportation options.

Customer preferences: Customers in Chad are increasingly gravitating towards shared mobility services due to their convenience, affordability, and environmental benefits. Shared mobility options such as ride-hailing services and bike-sharing platforms are gaining popularity among urban residents looking for efficient ways to navigate the city while reducing their carbon footprint.

Trends in the market: Unlike more developed markets where shared mobility is already well-established, Chad is witnessing a gradual adoption of these services. This can be attributed to the growing awareness among consumers about the benefits of shared mobility, as well as the efforts of service providers to tailor their offerings to suit the local context. As more players enter the market and technology continues to advance, we can expect to see further growth and diversification in the shared mobility sector in Chad.

Local special circumstances: Chad's unique geographical and infrastructural challenges play a significant role in shaping the Shared Mobility market in the country. With vast rural areas and limited transportation options, shared mobility services have the potential to fill a crucial gap in the market by providing reliable and convenient transportation solutions to underserved communities. Additionally, the youthful population in Chad presents a promising market for shared mobility providers, as younger consumers are more likely to embrace new technologies and alternative transportation models.

Underlying macroeconomic factors: The economic landscape in Chad, characterized by factors such as income levels, urbanization, and regulatory environment, influences the development of the Shared Mobility market in the country. As disposable incomes rise and urban centers continue to grow, there is a greater demand for efficient and affordable transportation services, driving the expansion of shared mobility options. Moreover, government policies and infrastructure investments play a key role in shaping the regulatory framework for shared mobility providers, impacting their operations and growth potential in the market.

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.