Scooters - Argentina

Argentina

Highlights

In Argentina, the revenue in the Scooters market is projected to reach US$182.30m in 2024.
It is expected to show an annual growth rate of 6.33% (CAGR 2024-2029), resulting in a projected market volume of US$247.80m by 2029.
Additionally, the unit sales of Scooters market in 2029 are expected to reach 98.81k motorcyles.
Moreover, the volume weighted average price of the Scooters market in 2024 is projected to amount to US$2.33k.
When considering the international perspective, it is noteworthy that India is expected to generate the most revenue in the Scooters market, with US$10.62bn in 2024.
Argentina is experiencing a surge in the demand for electric scooters due to increasing concerns about air pollution and rising fuel costs.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Scooters market in Argentina has been experiencing significant growth in recent years.

Customer preferences: One reason for the growth in the Scooters market in Argentina is the changing preferences of customers. Scooters offer a convenient and cost-effective mode of transportation, especially in urban areas with heavy traffic. They are smaller and more maneuverable than cars, making them ideal for navigating through crowded streets. Additionally, scooters are often more affordable than cars, making them an attractive option for budget-conscious consumers.

Trends in the market: Another factor driving the growth of the Scooters market in Argentina is the increasing popularity of electric scooters. With growing concerns about environmental sustainability and the need to reduce carbon emissions, many consumers are opting for electric scooters as a greener alternative to traditional gasoline-powered scooters. Electric scooters are also quieter and require less maintenance, making them a convenient choice for urban dwellers. As a result, there has been a surge in demand for electric scooters in Argentina.

Local special circumstances: Argentina has a unique set of circumstances that contribute to the growth of the Scooters market. The country has a large urban population, particularly in cities like Buenos Aires, where traffic congestion is a significant issue. Scooters provide a practical solution for navigating through congested streets and reaching destinations quickly. Additionally, Argentina has a relatively high rate of gasoline prices, making scooters a more cost-effective option for transportation.

Underlying macroeconomic factors: The growth of the Scooters market in Argentina is also influenced by underlying macroeconomic factors. The country has experienced periods of economic instability, which has led to fluctuations in the automotive market. During times of economic uncertainty, consumers may be more inclined to purchase scooters as a more affordable and practical means of transportation. Additionally, the government has implemented policies to encourage the adoption of electric vehicles, including tax incentives and subsidies, which have further fueled the growth of the electric scooter market. In conclusion, the Scooters market in Argentina is experiencing growth due to changing customer preferences, the increasing popularity of electric scooters, local special circumstances such as traffic congestion, and underlying macroeconomic factors. As the demand for convenient and eco-friendly transportation options continues to rise, the Scooters market in Argentina is likely to continue its upward trajectory.

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.