Public Transportation - Cameroon | Statista Market Forecast

Cameroon is expected to witness a significant growth in the Public Transportation market over the years.
The market's revenue is projected to reach US$260.60m in 2024, while showing an annual growth rate (CAGR 2024-2029) of 3.86%.
This growth is anticipated to result in a market volume of US$314.80m by 2029.
It is expected that the number of users in the Public Transportation market will increase to 25.61m users by 2029, while the user penetration is estimated to be 68.8% in 2024 and 77.0% by 2029.
The average revenue per user (ARPU) in Cameroon is projected to be US$12.88.
Additionally, it is expected that 19% of the total revenue in the market will be generated through online sales by 2029.
It is interesting to note that in the global comparison, United States is expected to generate the most revenue in the Public Transportation market, with a projected revenue of US$52bn in 2024.
Cameroon's public transportation sector faces challenges due to poor infrastructure and lack of investment in modernizing the system.

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 Cameroon is experiencing significant growth and development due to several key factors.

Customer preferences: Customers in Cameroon are increasingly opting for public transportation as their preferred mode of travel. This can be attributed to several factors, including the convenience and affordability of public transportation compared to private vehicles. Additionally, the growing awareness about environmental sustainability has led to a shift in customer preferences towards more eco-friendly modes of transportation.

Trends in the market: One of the major trends in the Public Transportation market in Cameroon is the expansion of the bus network. The government has been investing heavily in the development of new bus routes and the upgrade of existing infrastructure. This has resulted in improved connectivity and accessibility for commuters, especially in urban areas. Another trend in the market is the adoption of smart ticketing systems. Many public transportation operators in Cameroon have introduced electronic ticketing systems, allowing passengers to pay for their fares using mobile phones or contactless cards. This not only improves the efficiency of fare collection but also enhances the overall customer experience.

Local special circumstances: Cameroon is experiencing rapid urbanization, with a significant increase in population in major cities. This has put immense pressure on the existing transportation infrastructure, leading to congestion and delays. In response to this, the government has been focusing on the development of public transportation systems to alleviate the burden on the road network.

Underlying macroeconomic factors: The economic growth in Cameroon has played a crucial role in the development of the Public Transportation market. As the economy continues to expand, more people are entering the workforce and requiring reliable transportation options. This has created a growing demand for public transportation services. Furthermore, the government's commitment to infrastructure development has also contributed to the growth of the market. The investment in new roads, bridges, and public transportation facilities has created opportunities for private sector participation and investment in the sector. In conclusion, the Public Transportation market in Cameroon is witnessing significant growth and development due to customer preferences for convenience and affordability, the expansion of the bus network, the adoption of smart ticketing systems, rapid urbanization, and the government's commitment to infrastructure development. These factors are expected to continue driving the growth of the market 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.