Key regions: United States, Brazil, Spain, Indonesia, Portugal
The Scooters market in Central & Western Europe has been experiencing significant growth in recent years. Customer preferences for more eco-friendly and cost-effective transportation options have driven the demand for scooters in the region. Additionally, local special circumstances and underlying macroeconomic factors have also contributed to the development of the market. Customer preferences in Central & Western Europe have shifted towards more sustainable modes of transportation. Scooters offer a greener alternative to traditional cars, as they emit fewer greenhouse gases and consume less fuel. With increasing awareness of environmental issues, consumers are opting for scooters as a means of reducing their carbon footprint. Moreover, scooters are also seen as a cost-effective option, particularly in urban areas where parking and fuel costs are high. The convenience and maneuverability of scooters make them an attractive choice for commuters and city dwellers. Trends in the market indicate a growing demand for electric scooters. The advancements in battery technology have made electric scooters more practical and efficient. The availability of charging infrastructure in Central & Western Europe has also encouraged the adoption of electric scooters. Furthermore, the introduction of innovative features such as smartphone connectivity and GPS navigation has enhanced the appeal of scooters among tech-savvy consumers. These trends reflect the evolving needs and preferences of customers in the region. Local special circumstances in Central & Western Europe have played a role in the development of the scooter market. The region is characterized by dense urban areas with limited parking space and traffic congestion. Scooters provide a practical solution for navigating through crowded cities and finding parking in tight spaces. Additionally, the presence of well-developed public transportation systems in many countries has complemented the use of scooters for last-mile connectivity. These local circumstances have created a favorable environment for the growth of the scooter market in Central & Western Europe. Underlying macroeconomic factors have also contributed to the development of the scooter market in the region. The rising fuel prices and increasing cost of car ownership have made scooters a more affordable mode of transportation. Additionally, the economic downturn in recent years has led to a shift in consumer spending habits, with many individuals opting for more economical alternatives. The affordability and practicality of scooters have made them an attractive option for cost-conscious consumers. In conclusion, the Scooters market in Central & Western Europe is developing due to customer preferences for eco-friendly and cost-effective transportation options. The growing demand for electric scooters, local special circumstances, and underlying macroeconomic factors have all contributed to the growth of the market. As the region continues to prioritize sustainability and cost-efficiency, the scooter market is expected to further expand in the coming years.
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.
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