Scooters - Central Africa

Central Africa

In 2024, the projected revenue in the Scooters market in Central Africa is expected to reach US$19.34m.
Looking ahead, there is an anticipated annual growth rate (CAGR 2024-2029) of 1.13%, which would result in a projected market volume of US$20.46m by 2029.
As for unit sales, it is predicted that the Scooters market will reach 18.28k motorcyles by 2029.
Furthermore, the volume weighted average price of the Scooters market in Central Africa is expected to be US$1.10k in 2024.
When considering the international market, it is worth noting that India is projected to generate the highest revenue in the Scooters market, amounting to US$10,620.00m in 2024.
Central Africa is experiencing a surge in scooter sales as the population seeks affordable and efficient transportation options in congested urban areas.

Key regions: United States, Brazil, Spain, Indonesia, Portugal

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Analyst Opinion

The Scooters market in Central Africa has been experiencing significant growth in recent years. Customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors have all contributed to this development. Customer preferences in Central Africa have shifted towards more environmentally friendly modes of transportation. With growing concerns about pollution and climate change, there is a greater demand for sustainable transportation options. Scooters, with their low fuel consumption and reduced emissions, have become a popular choice among consumers in the region. Additionally, scooters offer convenience and affordability, making them an attractive option for urban dwellers who need a compact and agile mode of transportation. Trends in the Scooters market in Central Africa are driven by both global and regional factors. Globally, there has been a rise in the popularity of scooters as a means of transportation, especially in densely populated cities. This trend has influenced the market in Central Africa, as consumers are increasingly adopting scooters as an alternative to cars or motorcycles. Additionally, the growing urbanization in the region has contributed to the demand for scooters, as they are well-suited for navigating congested city streets. Local special circumstances also play a role in the development of the Scooters market in Central Africa. The region has a young and rapidly growing population, with a significant proportion of the population residing in urban areas. This demographic shift has created a need for efficient and affordable transportation options, which scooters fulfill. Furthermore, the lack of extensive public transportation infrastructure in many parts of Central Africa has made scooters a popular choice for commuting and running errands. Underlying macroeconomic factors have also contributed to the growth of the Scooters market in Central Africa. The region has experienced economic growth in recent years, leading to an increase in disposable income and consumer spending. This has allowed more individuals to afford scooters and contribute to the market's expansion. Additionally, the availability of financing options and the presence of international scooter brands in the region have made scooters more accessible to a wider range of consumers. In conclusion, the Scooters market in Central Africa is developing due to shifting customer preferences towards sustainable transportation, global and regional trends favoring scooters, local special circumstances such as urbanization and lack of public transportation infrastructure, and underlying macroeconomic factors such as economic growth and increased consumer spending. As these factors continue to drive the market, the Scooters industry in Central Africa is expected to further expand in the coming years.

Methodology

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.