Scooters - Australia & Oceania

Australia & Oceania

Highlights

In 2024, the projected revenue in the Scooters market in Australia & Oceania is estimated to reach US$43.67m.
This market is expected to exhibit a compound annual growth rate (CAGR) of 2.81% from 2024 to 2029, resulting in a projected market volume of US$50.15m by 2029.
By 2029, it is anticipated that the unit sales in the Scooters market will reach 10.54k motorcyles.
The volume weighted average price of the Scooters market in 2024 is forecasted to be US$4.61k.
From an international perspective, it is noteworthy that the highest revenue in the Scooters market is expected to be generated India, with a projected revenue of US$10.62bn in 2024.
Australia's scooter market is experiencing a surge in popularity, with electric scooters becoming increasingly sought-after in urban areas.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Scooters market in Australia & Oceania has been experiencing significant growth in recent years, driven by several key factors.

Customer preferences: Customer preferences in the Scooters market in Australia & Oceania are influenced by a variety of factors. One of the main factors driving customer preferences is the increasing need for environmentally-friendly transportation options. Scooters are seen as a more sustainable alternative to traditional cars, as they produce lower emissions and consume less fuel. Additionally, scooters are often more affordable and easier to maneuver in congested urban areas, making them a popular choice among consumers looking for convenient and cost-effective transportation solutions.

Trends in the market: One of the key trends in the Scooters market in Australia & Oceania is the increasing popularity of electric scooters. As awareness of environmental issues grows, more consumers are opting for electric scooters as a greener alternative to traditional petrol-powered scooters. Electric scooters offer several advantages, including lower operating costs and reduced emissions. This trend is expected to continue as advancements in battery technology lead to longer battery life and faster charging times. Another trend in the Scooters market in Australia & Oceania is the rise of ride-sharing services that offer scooter rentals. This trend is particularly prevalent in urban areas, where consumers are looking for convenient and affordable transportation options. Ride-sharing services allow customers to rent scooters on-demand, providing a flexible and cost-effective alternative to owning a scooter. This trend is expected to continue as more companies enter the market and expand their services to new cities and regions.

Local special circumstances: Australia & Oceania is a diverse region with unique characteristics that influence the Scooters market. One of the main factors is the geography of the region, which includes vast distances and remote areas. Scooters are well-suited for navigating urban areas, but may face challenges in more rural or remote locations. However, this has also led to opportunities for scooter manufacturers to develop models that are better suited for off-road or long-distance travel. Another special circumstance in the region is the presence of strict regulations and safety standards for scooters. Governments in Australia & Oceania have implemented regulations to ensure the safety of riders and pedestrians, including speed limits, helmet requirements, and licensing requirements. These regulations may impact the design and features of scooters sold in the region, as manufacturers need to comply with local laws.

Underlying macroeconomic factors: The Scooters market in Australia & Oceania is also influenced by underlying macroeconomic factors. Economic growth in the region has led to increased disposable income, allowing consumers to spend more on recreational activities such as scooter riding. Additionally, urbanization and population growth in major cities have created a higher demand for efficient and sustainable transportation options, driving the growth of the Scooters market. In conclusion, the Scooters market in Australia & Oceania is experiencing growth due to customer preferences for environmentally-friendly transportation options, the popularity of electric scooters, the rise of ride-sharing services, and the presence of unique local circumstances and underlying macroeconomic factors. As the market continues to evolve, it is expected that manufacturers will focus on developing innovative and sustainable scooter models to meet the changing needs and preferences of consumers in the region.

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.