Scooters - Bahrain

Bahrain

Highlights

The revenue in the Scooters market in Bahrain is projected to reach US$643.70k by the year 2024.
It is expected to show an annual growth rate of 1.27% (CAGR 2024-2029), resulting in a projected market volume of US$685.50k by the year 2029.
The unit sales in the Scooters market are expected to reach 166.00motorcyles in 2029.
Additionally, the volume weighted average price of the Scooters market in Bahrain is expected to amount to US$4.13k in 2024.
From an international perspective, it is shown that the most revenue in the Scooters market will be generated India, with an amount of US$10.62bn in 2024.
The demand for electric scooters in Bahrain is steadily increasing due to the country's commitment to sustainability and environmental conservation.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Scooters market in Bahrain is experiencing significant growth due to several factors. Customer preferences have shifted towards more sustainable and cost-effective transportation options, leading to an increased demand for scooters. Additionally, the local government's initiatives to promote eco-friendly transportation and improve infrastructure have further contributed to the growth of the market.

Customer preferences: Customers in Bahrain are increasingly opting for scooters as their preferred mode of transportation. Scooters offer several advantages over traditional vehicles, such as lower fuel consumption and reduced emissions. With the rising concerns about environmental sustainability, customers are becoming more conscious of their carbon footprint and are actively seeking greener alternatives. Scooters provide a practical solution for short-distance commuting, making them an attractive option for many Bahraini residents.

Trends in the market: The Scooters market in Bahrain has witnessed a surge in demand in recent years. This can be attributed to the increasing urbanization and population density in major cities like Manama. As cities become more crowded, the need for compact and agile transportation options becomes crucial. Scooters offer the flexibility to navigate through traffic congestion and find parking spaces easily, making them an ideal choice for urban dwellers. Another trend in the market is the growing popularity of electric scooters. Electric scooters provide a cleaner and quieter alternative to traditional petrol-powered scooters. They are also more cost-effective in the long run, as they require less maintenance and have lower fuel costs. With advancements in battery technology, electric scooters now offer longer ranges and faster charging times, making them a viable option for daily commuting.

Local special circumstances: Bahrain's government has been actively promoting sustainable transportation and investing in infrastructure development. The construction of dedicated bike lanes and the implementation of bike-sharing programs have made it easier for residents to adopt scooters as a mode of transportation. Additionally, the government has introduced incentives such as tax breaks and subsidies for electric scooter purchases, further encouraging the adoption of eco-friendly vehicles.

Underlying macroeconomic factors: The growth of the Scooters market in Bahrain can also be attributed to favorable macroeconomic factors. The country has a strong economy and a high per capita income, which allows residents to afford personal transportation options. Additionally, the low fuel prices in Bahrain make scooters an attractive choice for cost-conscious consumers. The stability of the local currency and the overall positive business environment in Bahrain also contribute to the growth of the market. In conclusion, the Scooters market in Bahrain is witnessing significant growth due to shifting customer preferences towards sustainable and cost-effective transportation options. The government's initiatives to promote eco-friendly transportation and improve infrastructure have further fueled the market's growth. With the increasing urbanization and population density in major cities, scooters provide a practical and agile solution for daily commuting. The growing popularity of electric scooters and the favorable macroeconomic factors in Bahrain have also contributed to the market's expansion.

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.