Scooters - Cambodia

Cambodia

Highlights

The Scooters market in Cambodia is projected to reach a revenue of US$27.06m in 2024.
It is expected to show an annual growth rate (CAGR 2024-2029) of 3.90%, resulting in a projected market volume of US$32.76m by 2029.
The unit sales of Scooters market in Cambodia are expected to reach 10.43k motorcyles in 2029.
The volume weighted average price of Scooters market in Cambodia in 2024 is expected to amount to US$2.85k.
From an international perspective, it is shown that the most revenue will be generated India, with a projected revenue of US$10.62bn in 2024.
The popularity of electric scooters in Cambodia has surged, driven by the country's focus on sustainability and increasing urban mobility.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Scooters market in Cambodia has been experiencing steady growth in recent years, driven by changing customer preferences, emerging trends in the market, local special circumstances, and underlying macroeconomic factors. Customer preferences in Cambodia have shifted towards more affordable and efficient modes of transportation, leading to an increased demand for scooters. Scooters offer a cost-effective and convenient solution for commuting in urban areas, where traffic congestion is a major issue. Furthermore, scooters are popular among younger consumers who value their compact size and easy maneuverability. Trends in the market also contribute to the growth of the Scooters market in Cambodia. The rise of ride-sharing platforms has increased the demand for scooters as a means of income generation for individuals. Many Cambodians are now using their scooters to provide transportation services through these platforms, taking advantage of the flexibility and low operating costs of scooters. Another trend in the market is the increasing popularity of electric scooters. As concerns about environmental sustainability and air pollution grow, more consumers are opting for electric scooters as a greener alternative to traditional petrol-powered scooters. This trend is further supported by government initiatives to promote clean energy and reduce carbon emissions. Local special circumstances also play a role in the development of the Scooters market in Cambodia. The country's infrastructure is still developing, and public transportation options are limited in many areas. This creates a greater need for personal transportation, with scooters being a popular choice due to their affordability and ease of use. Underlying macroeconomic factors also contribute to the growth of the Scooters market in Cambodia. The country's economy has been steadily growing, leading to an increase in disposable income and purchasing power among consumers. This enables more individuals to afford scooters and fuels the demand for personal transportation. In conclusion, the Scooters market in Cambodia is developing due to changing customer preferences, emerging market trends, local special circumstances, and underlying macroeconomic factors. The shift towards more affordable and efficient modes of transportation, the rise of ride-sharing platforms, the increasing popularity of electric scooters, limited public transportation options, and the country's growing economy all contribute to the growth of the Scooters market in Cambodia.

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.