Shared Mobility - Ivory Coast

Ivory Coast

In Ivory Coast, the Shared Mobility market is expected to witness significant growth in the coming years.
By 2024, the revenue in this market is projected to reach US$640.70m, with an annual growth rate of 4.43%, resulting in a market volume of US$795.90m by 2029.
The largest market in Ivory Coast is Public Transportation, with a projected market volume of US$262.90m in 2024.
The number of users in the Public Transportation market is expected to amount to 21.95m users by 2029.
Furthermore, user penetration is expected to increase from 85.0% in 2024 to 95.0% by 2029.
The average revenue per user (ARPU) is expected to be US$25.47.
It is projected that by 2029, 50% of the total revenue in the Shared Mobility market will be generated through online sales.
It is worth noting that in global comparison, China is expected to generate the highest revenue in the Shared Mobility market, with US$365bn in 2024.
However, it is evident that in Ivory Coast is also set to experience substantial growth in this market.
Shared mobility services in Ivory Coast are still in their infancy, but with increasing urbanization and the government's interest in sustainable transportation, the market has great potential for growth.

Key regions: United States, Saudi Arabia, Germany, Malaysia, India

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

Region

Region comparison

Currency

Analyst Opinion

The Shared Mobility market in Ivory Coast has been witnessing significant growth and evolution in recent years.

Customer preferences: Customers in Ivory Coast are increasingly looking for convenient and cost-effective transportation options, which has led to a surge in demand for shared mobility services. The younger population, in particular, is more inclined towards shared mobility due to its flexibility and affordability compared to traditional transportation methods.

Trends in the market: One of the prominent trends in the Shared Mobility market in Ivory Coast is the rise of motorcycle taxis as a popular mode of transportation. This trend is driven by the country's traffic congestion and the need for quick and efficient travel solutions. Additionally, the introduction of ride-hailing services has further expanded the shared mobility options available to consumers in Ivory Coast.

Local special circumstances: Ivory Coast's urban centers, such as Abidjan, face challenges related to traffic congestion and limited public transportation infrastructure. These factors have created a conducive environment for the growth of shared mobility services in the country. Moreover, the government's efforts to promote sustainable transportation solutions have also played a role in shaping the Shared Mobility market in Ivory Coast.

Underlying macroeconomic factors: The growing urbanization and increasing disposable income levels in Ivory Coast have contributed to the expansion of the Shared Mobility market. As more people move to urban areas in search of better opportunities, the demand for efficient transportation services continues to rise. Additionally, the proliferation of smartphones and digital payment systems has made it easier for consumers to access and pay for shared mobility services, further driving market growth.

Methodology

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.