Scooters - Cameroon

Cameroon

Highlights

The projected revenue in the Scooters market for Cameroon is estimated to reach US$14.75m in 2024.
It is anticipated that the revenue will exhibit an annual growth rate of 0.68% from 2024 to 2029, resulting in a projected market volume of US$15.26m by 2029.
In terms of unit sales, it is expected that the Scooters market will reach 12.85k motorcyles in 2029.
The volume weighted average price of the Scooters market in 2024 is projected to be US$1.15k in Cameroon.
From an international perspective, it is evident that the highest revenue will be generated India, amounting to US$10.62bn in 2024.
Cameroon is experiencing a surge in demand for electric scooters as a sustainable and cost-effective mode of transportation.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Scooters market in Cameroon is experiencing significant growth and development due to several factors. Customer preferences are shifting towards more affordable and environmentally friendly 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: In Cameroon, customer preferences are shifting towards more affordable and environmentally friendly transportation options. Scooters offer an affordable alternative to cars and motorcycles, making them an attractive choice for many consumers. The lower cost of purchasing and maintaining a scooter, compared to a car or motorcycle, is a major factor driving the demand for scooters in the country. Furthermore, the increasing awareness of environmental issues is influencing customer preferences. Scooters are generally more fuel-efficient and emit fewer emissions compared to other forms of transportation. As a result, consumers are opting for scooters as a greener alternative, contributing to the growth of the market.

Trends in the market: One of the key trends in the Scooters market in Cameroon is the rising popularity of electric scooters. Electric scooters offer a clean and sustainable mode of transportation, aligning with the growing environmental consciousness among consumers. The government of Cameroon has also implemented policies and initiatives to promote the adoption of electric vehicles, including scooters, further driving the demand for electric scooters in the market. Another trend in the market is the increasing availability of scooters from both local and international manufacturers. This has led to a wider variety of scooters to choose from, catering to different customer preferences and budgets. The competition among manufacturers has also resulted in competitive pricing, making scooters more accessible to a larger consumer base.

Local special circumstances: Cameroon has a rapidly growing population, especially in urban areas. This has led to increased traffic congestion and a need for more efficient and compact transportation options. Scooters provide a practical solution for navigating through congested city streets, allowing consumers to reach their destinations faster and with greater ease. Additionally, the infrastructure in Cameroon is well-suited for scooters. The country has a network of roads and streets that are suitable for smaller vehicles, making it easier for scooters to navigate through traffic. This favorable infrastructure has contributed to the growth of the Scooters market in Cameroon.

Underlying macroeconomic factors: The economic growth in Cameroon has had a positive impact on the Scooters market. As the economy continues to expand, more individuals have disposable income to spend on transportation options. Scooters offer a cost-effective alternative to cars and motorcycles, making them an attractive choice for budget-conscious consumers. Furthermore, the government of Cameroon has implemented policies to promote the growth of the transportation sector, including the Scooters market. These policies include tax incentives and subsidies for the purchase of scooters, making them more affordable for consumers. The government's support for the Scooters market has played a significant role in its development and growth in the country. In conclusion, the Scooters market in Cameroon is experiencing growth and development due to customer preferences for affordable and environmentally friendly transportation options. The rising popularity of electric scooters and the increasing availability of scooters from both local and international manufacturers are key trends in the market. Local special circumstances, such as population growth and favorable infrastructure, also contribute to the market's expansion. Additionally, underlying macroeconomic factors, including economic growth and government support, are driving the growth of the Scooters market in Cameroon.

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.