Scooters - APAC

APAC

The Scooters market in APAC is projected to reach a revenue of US$30.47bn by 2024.
It is expected to exhibit an annual growth rate (CAGR 2024-2029) of 4.03%, resulting in a projected market volume of US$37.13bn by 2029.
The unit sales of Scooters market in the market are estimated to reach 21.15m motorcyles by 2029.
In 2024, the volume weighted average price of Scooters market in the market is expected to be US$1.59k.
It is worth noting that India is projected to generate the highest revenue in the Scooters market internationally, amounting to US$10,620.00m in 2024.
The popularity of electric scooters in China is skyrocketing, with more and more urban commuters opting for this eco-friendly mode of transportation.

Key regions: United States, Brazil, Spain, Indonesia, Portugal

Market

Region

Region comparison

Currency

Methodology

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.