Key regions: United States, Brazil, Spain, Indonesia, Portugal
The Scooters market in Central America is experiencing significant growth and development. Customer preferences in the Scooters market in Central America are shifting towards more sustainable and cost-effective modes of transportation. Scooters offer a convenient and eco-friendly alternative to traditional modes of transportation, such as cars or motorcycles. They are particularly popular among urban dwellers who are looking for efficient ways to navigate congested city streets. Additionally, the younger generation is increasingly drawn to the trendy and stylish design of scooters, making them a popular choice among millennials and Gen Z consumers. Trends in the market indicate a growing demand for electric scooters. As consumers become more environmentally conscious, they are seeking out electric scooters as a greener option compared to traditional gasoline-powered scooters. Electric scooters are also more cost-effective to operate, as they require less maintenance and have lower fuel costs. The increasing availability of charging infrastructure in Central American cities further supports the adoption of electric scooters. Local special circumstances in Central America contribute to the development of the Scooters market. The region's dense urban populations and limited public transportation options create a demand for alternative modes of transportation. Scooters offer a practical solution for short-distance commuting and navigating congested city streets. Additionally, the warm climate in Central America makes scooters a comfortable and enjoyable mode of transportation year-round. Underlying macroeconomic factors also play a role in the growth of the Scooters market in Central America. Economic growth and rising disposable incomes have increased consumer purchasing power, making scooters more affordable for a larger segment of the population. Furthermore, government initiatives and incentives to promote sustainable transportation options have further fueled the demand for scooters in the region. In conclusion, the Scooters market in Central America is experiencing growth and development driven by customer preferences for sustainable and cost-effective transportation options, the increasing popularity of electric scooters, local special circumstances such as urbanization and limited public transportation, and underlying macroeconomic factors such as economic growth and government initiatives.
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.
Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)
