The average price in the 'Scooters' segment of the motorcycles market in the Philippines was forecast to increase between 2024 and 2029 by in total 0.1 thousand U.S. dollars (+6.29 percent). This overall increase does not happen continuously, notably not in 2026. The average price is estimated to amount to 1.68 thousand U.S. dollars in 2029. Notably, the average price of the 'Scooters' segment of the motorcycles market was continuously increasing over the past years.
Data provided by Statista Market Insights are estimates.
Owing to their relative affordability, scooters are a motorcycle type which remains popular amongst biking enthusiasts who value a light, easy-to-ride motorcycle. Scooters vary by aesthetic characteristics, mode of operation, and engine capacity. Nowadays, scooters can be typically found in the engine capacity range of 50cc to as high as 650cc or more. Unlike many other motorcycle types, scooters have a robust bodywork which serves the chief purposes of concealing all the mechanical parts and providing a cleaner look as well as quieter operation. In addition, they have significantly more built-in storage space than most conventional motorcycles. Ease of use and ample storage space aside, the introduction of electric scooters is an innovation that is driving the adoption of scooters.
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Statista. (October 8, 2024). Average scooters price in the Philippines from 2020 to 2029 (in 1,000 U.S. dollars) [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/forecasts/1311545/philippines-average-price-of-scooters
Statista. "Average scooters price in the Philippines from 2020 to 2029 (in 1,000 U.S. dollars)." Chart. October 8, 2024. Statista. Accessed November 21, 2024. https://www.statista.com/forecasts/1311545/philippines-average-price-of-scooters
Statista. (2024). Average scooters price in the Philippines from 2020 to 2029 (in 1,000 U.S. dollars). Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/forecasts/1311545/philippines-average-price-of-scooters
Statista. "Average Scooters Price in The Philippines from 2020 to 2029 (in 1,000 U.S. Dollars)." Statista, Statista Inc., 8 Oct 2024, https://www.statista.com/forecasts/1311545/philippines-average-price-of-scooters
Statista, Average scooters price in the Philippines from 2020 to 2029 (in 1,000 U.S. dollars) Statista, https://www.statista.com/forecasts/1311545/philippines-average-price-of-scooters (last visited November 21, 2024)
Average scooters price in the Philippines from 2020 to 2029 (in 1,000 U.S. dollars) [Graph], Statista, October 8, 2024. [Online]. Available: https://www.statista.com/forecasts/1311545/philippines-average-price-of-scooters