Scooters - Angola | Statista Market Forecast

Scooters - Angola

Angola

Highlights

In Angola, the revenue in the Scooters market is projected to reach US$11.09m in 2024.
Looking ahead, the market is expected to exhibit an annual growth rate of 2.19% from 2024 to 2029, resulting in a projected market volume of US$12.36m by 2029.
By that time, unit sales in the Scooters market are expected to reach 11.09k motorcyles.
Furthermore, the volume weighted average price of Scooters market in 2024 is projected to amount to US$1.10k.
From an international perspective, it is worth noting that India is expected to generate the highest revenue in the Scooters market, with an estimated revenue of US$10.62bn in 2024.
The demand for electric scooters is rapidly increasing in Angola, as the country seeks to reduce its carbon footprint and promote sustainable transportation options.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Scooters market in Angola is experiencing significant growth and development. Customer preferences for more affordable and convenient transportation options, coupled with local special circumstances and underlying macroeconomic factors, have contributed to the increasing demand for scooters in the country.

Customer preferences: Angolan customers are increasingly looking for affordable and convenient transportation options. Scooters offer a cost-effective alternative to traditional cars and motorcycles, making them popular among budget-conscious consumers. Additionally, the compact size of scooters allows for easy maneuverability in congested urban areas, where traffic can be a major issue. Furthermore, scooters are seen as a stylish and trendy mode of transportation, appealing to younger consumers who value aesthetics.

Trends in the market: One of the key trends in the Scooters market in Angola is the rise of electric scooters. As concerns about environmental sustainability grow worldwide, Angolan consumers are also becoming more conscious of their carbon footprint. Electric scooters offer a greener alternative to traditional gasoline-powered scooters, as they produce zero emissions. This trend is driven by both consumer demand for eco-friendly transportation options and government initiatives promoting sustainable mobility. Another trend in the market is the increasing availability of scooter-sharing services. Similar to ride-sharing services, scooter-sharing platforms allow users to rent scooters for short-term use. This trend is particularly popular in urban areas, where there is a high demand for flexible and affordable transportation options. Scooter-sharing services provide convenience and flexibility, allowing users to easily access scooters without the need for ownership or maintenance.

Local special circumstances: Angola has a rapidly growing urban population, with many people migrating from rural areas to cities in search of better economic opportunities. This urbanization trend has led to increased congestion and traffic congestion in major cities. Scooters offer a practical solution to this problem, as they are more maneuverable and can navigate through congested streets more easily than cars or motorcycles. Additionally, the compact size of scooters makes them easier to park and store in densely populated urban areas.

Underlying macroeconomic factors: Angola has experienced significant economic growth in recent years, which has led to an increase in disposable income for many consumers. This rise in income has allowed more people to afford personal transportation, including scooters. Additionally, the government has implemented policies to improve infrastructure and transportation networks, further supporting the growth of the Scooters market in Angola. These factors, combined with the increasing urbanization and changing consumer preferences, have created a favorable environment for the development of the Scooters market in Angola.

Data coverage:

Data encompasses B2C enterprises. Figures are based on motorcycle sales and revenue excluding scooters/mopeds under 50cc category.

Modeling approach / Market size:

Market sizes are determined by a Bottom-Up approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use manufacturer websites, national statistics offices, motorcycle associations, motorcycles sales websites. Next we use relevant key market indicators and data from country-specific associations such as GDP per capita, consumer price index, consumer spending, and population. This data helps us to 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 particular market. For example, the forecasting is done on a make level for Motorcycles, using a mix of standard approaches, e.g., exponential smoothing, and uses parameters which best fit the historical data. The main drivers are GDP per capita, consumer price index, consumer spending, and population.

Additional Notes:

The market is updated once a year.