Scooters - Burkina Faso

Burkina Faso

Highlights

The projected revenue in the Scooters market in Burkina Faso is expected to reach US$11.72m in 2024.
This indicates a steady growth rate of 0.15% per year (CAGR 2024-2029), resulting in a projected market volume of US$11.81m by 2029.
In that same year, it is anticipated that the unit sales of Scooters market in Burkina Faso will reach 11.83k motorcyles.
Furthermore, the volume weighted average price of Scooters market in Burkina Faso is expected to be US$993.10 in 2024.
It is worth noting that internationally, India is projected to generate the highest revenue in the Scooters market, amounting to US$10.62bn in 2024.
The demand for electric scooters is rapidly increasing in Burkina Faso due to its affordability and environmentally friendly features.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Scooters market in Burkina Faso is experiencing significant growth and development. Customer preferences are shifting towards more affordable and fuel-efficient transportation options, leading to an increased demand for scooters. Additionally, local special circumstances and underlying macroeconomic factors are contributing to the expansion of the market.

Customer preferences: Burkina Faso, like many other developing countries, is witnessing a rise in urbanization and population growth. As a result, there is a growing need for efficient and cost-effective transportation solutions. Scooters offer a convenient mode of transportation, especially in congested urban areas where traffic can be a major issue. They are compact, maneuverable, and provide a practical solution for short-distance travel.

Trends in the market: One of the key trends in the Scooters market in Burkina Faso is the increasing popularity of electric scooters. With rising concerns about environmental sustainability and the need to reduce carbon emissions, electric scooters are gaining traction. They offer a cleaner and greener alternative to traditional petrol-powered scooters. The government of Burkina Faso has also been promoting the use of electric vehicles through various incentives and subsidies, further driving the demand for electric scooters. Another trend in the market is the emergence of local scooter manufacturers. Burkina Faso has seen the establishment of several scooter manufacturing companies, catering to the growing demand for affordable and locally-produced scooters. This not only supports the local economy but also provides job opportunities for the local population.

Local special circumstances: Burkina Faso faces unique challenges when it comes to transportation. The country has a limited road network, especially in rural areas, making scooters a practical choice for many. The affordability of scooters also makes them a preferred mode of transportation for a large segment of the population.

Underlying macroeconomic factors: The growing Scooters market in Burkina Faso can be attributed to several macroeconomic factors. The country has been experiencing steady economic growth, which has resulted in an increase in disposable income. As people have more money to spend, they are looking for affordable and efficient transportation options, leading to a surge in scooter sales. Furthermore, the rising fuel prices in Burkina Faso have also contributed to the popularity of scooters. With their fuel efficiency, scooters provide a cost-effective alternative to cars and motorcycles. This is particularly appealing to the middle-class population who are looking to save on transportation expenses. In conclusion, the Scooters market in Burkina Faso is growing due to customer preferences for affordable and fuel-efficient transportation options. The emergence of electric scooters and local scooter manufacturers are key trends in the market. Local special circumstances, such as limited road infrastructure, and underlying macroeconomic factors, including economic growth and rising fuel prices, are driving the expansion of the market.

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.