Ride-hailing - Chad | Statista Market Forecast

Chad is expected to witness a significant growth in the Ride-hailing market.
According to the projections, the revenue in this market is anticipated to reach US$15.96m by 2024, with an annual growth rate of 3.68% from 2024 to 2029.
This growth is expected to result in a market volume of US$19.12m by 2029.
In terms of the number of users, the marketis expected to have 2.69m users users by 2029, with user penetration projected to be 11.1% in 2024 and 12.3% by 2029.
The average revenue per user (ARPU) is expected to be US$7.65.
Furthermore, it is projected that 100% of the total revenue of this segment will be generated through online sales by 2029.
It is noteworthy that in terms of global comparison, China is expected to generate the most revenue in this market, with a projected revenue of US$60bn in 2024.
Despite the growing popularity of ride-hailing services in neighboring countries, Chad's underdeveloped infrastructure makes traditional taxis the primary transportation option.

Definition:

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. It includes Transportation Network Companies (TNCs), such as Uber and Lyft, traditional taxis booked via apps, such as Free Now or Cabify, and ride-pooling services, such as Moia and Via. This market excludes peer-to-peer ride-sharing, focusing on professionally operated transport services booked digitally for efficient and convenient urban mobility. Rides of traditional taxi services hailed on the street or booked via telephone are not included in this market.

Additional Information:

The main performance indicators of the Ride-hailing 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 mentioned market. 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.

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.

Platforms that let users book rides offered by drivers using their private vehicles (e.g., Uber)
Taxi companies that offer their services through an app (e.g., Free Now)
Platforms that offer shared rides (ride-pooling) with other passengers (e.g., Moia, Via)

Traditional taxi rides booked offline with taxi companies (via street-hailing or by telephone)

The Ride-hailing market in Chad has been experiencing significant growth in recent years, driven by changing customer preferences and local special circumstances. Customer preferences in Chad have shifted towards more convenient and efficient transportation options, leading to an increased demand for ride-hailing services. With the rise of smartphones and improved internet connectivity, customers are embracing the convenience of booking a ride with just a few taps on their mobile devices. This shift in customer behavior has fueled the growth of ride-hailing platforms in Chad, as they offer a more convenient alternative to traditional taxis. Trends in the market indicate that ride-hailing services in Chad are expanding beyond major cities and into smaller towns and rural areas. This expansion is driven by the need for reliable transportation options in areas where public transportation is limited or nonexistent. Ride-hailing platforms are filling this gap by providing affordable and accessible transportation services to people living in remote areas. Additionally, ride-hailing services are also catering to the growing number of tourists visiting Chad, offering them a safe and reliable means of transportation. Local special circumstances in Chad, such as inadequate public transportation infrastructure and a high population density in urban areas, have contributed to the growth of the ride-hailing market. The lack of reliable public transportation options has created a demand for alternative modes of transportation, leading to the popularity of ride-hailing services. Furthermore, the high population density in urban areas has resulted in increased traffic congestion, making ride-hailing services a more efficient and time-saving option for commuters. Underlying macroeconomic factors, such as economic development and increasing disposable income, have also played a role in the growth of the ride-hailing market in Chad. As the economy continues to develop, more people have access to smartphones and disposable income, enabling them to afford ride-hailing services. Additionally, the rise of the middle class in Chad has created a larger customer base for ride-hailing platforms, further driving the growth of the market. In conclusion, the Ride-hailing market in Chad is experiencing significant growth due to changing customer preferences, local special circumstances, and underlying macroeconomic factors. The convenience and efficiency of ride-hailing services, coupled with the need for reliable transportation options in areas with limited public transportation infrastructure, have contributed to the expansion of the market. As Chad's economy continues to develop and more people gain access to smartphones, the ride-hailing market is expected to further grow in the coming years.

Data coverage:

The data encompasses B2C enterprises. Figures are based on bookings and revenues of ride-hailing services.

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.