Market Insights Mobility Travel & Tourism

Camping - Ivory Coast

Ivory Coast

By 2024, the Camping market in Ivory Coast is projected to generate a revenue of US$0.58m.
Furthermore, the market is expected to experience an annual growth rate of 6.64%, resulting in a projected market volume of US$0.80m by 2029.
The number of users in this market is expected to reach 16.49k users by the same year.
In 2024, user penetration is expected to be 0.0%, which is expected to rise to 0.1% by 2029.
The average revenue per user (ARPU) is estimated to be US$55.36.
Online sales are expected to contribute 62% of total revenue in the Camping market by 2029.
It is noteworthy that, in comparison to other countries, United States is expected to generate the most revenue in this market, with a projected revenue of US$25,810m in 2024.
Camping in Ivory Coast offers a unique opportunity to experience the country's natural beauty and rich cultural heritage.

Key regions: Singapore, United Kingdom, Indonesia, India, Vietnam

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Analyst Opinion

The Camping market in Ivory Coast has been experiencing notable growth in recent years, driven by various factors influencing consumer behavior and market dynamics.

Customer preferences: Customers in Ivory Coast have shown a growing interest in outdoor activities and nature-based experiences, leading to an increased demand for camping equipment and accessories. The desire to explore the country's natural beauty and wildlife has fueled the popularity of camping among both locals and tourists.

Trends in the market: One of the key trends in the Camping market in Ivory Coast is the rise of eco-friendly and sustainable camping practices. Consumers are increasingly looking for environmentally friendly products and seeking camping locations that promote conservation and responsible tourism. This trend aligns with global efforts towards sustainability and eco-consciousness in the outdoor recreation industry.

Local special circumstances: Ivory Coast's diverse landscape, including lush forests, savannas, and picturesque coastlines, provides an ideal setting for camping enthusiasts. The country's national parks and nature reserves offer unique camping opportunities, attracting nature lovers and adventure seekers. Additionally, the government's initiatives to promote tourism and outdoor activities have further contributed to the growth of the Camping market in Ivory Coast.

Underlying macroeconomic factors: The improving economic conditions in Ivory Coast, coupled with rising disposable incomes among the middle-class population, have supported the expansion of the Camping market. As more people have the financial means to invest in outdoor recreation and travel experiences, the demand for camping products and services is expected to continue growing. Additionally, investments in infrastructure development and tourism facilities have enhanced the accessibility of camping sites, making it easier for enthusiasts to explore the country's natural wonders.

Methodology

Data coverage:

Data refers to enterprises (B2C). Figures are based on camping nights, prices, average length of stay, and camping frequencies.

Modeling approach:

We use industry associations, UNWTO data, the Statista Consumer Insights survey, and pricing data of websites 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 tourism GDP, share of internet users, and demographic data.

Forecasts:

We use a variety of forecasting techniques, depending on the behavior of the market. For the camping market, Holt-Winters forecast, ARIMA, and Bayesian Ridge regression were used. The main drivers are the tourism GDP per capita and the share of internet users.

Additional notes: :

Data is modeled using current exchange rates. The market is updated twice per year in case market dynamics change.