Scooters - Chad | Statista Market Forecast

Scooters - Chad

Chad

Highlights

In 2024, the projected revenue in the Scooters market is expected to reach US$6.56m in Chad.
This represents a significant market potential for the country.
Furthermore, the revenue is anticipated to exhibit an annual growth rate (CAGR 2024-2029) of -0.77%, resulting in a projected market volume of US$6.32m by 2029.
This growth indicates a positive trend in the demand for Scooters market in Chad.
Looking specifically at unit sales, it is projected that the Scooters market will reach 5.66k motorcyles units sold in 2029.
This indicates a steady increase in the number of Scooters market being sold in Chad, reflecting the growing popularity of this mode of transportation.
In terms of pricing, the volume weighted average price of the Scooters market in 2024 is expected to be US$1.10k.
This metric provides insights into the average price at which Scooters market are being sold in the market.
It is an important factor to consider for both consumers and industry players.
From an international perspective, it is noteworthy that the highest revenue in the Scooters market is projected to be generated India.
In 2024, [maxRevenueMarketCurrentYearName] is expected to generate US$10.62bn in revenue.
This indicates the strong market presence of Scooters market India and highlights the potential for growth in the industry in other countries as well, including in Chad.
Chad's scooter market is experiencing a surge in demand due to the country's growing urban population and need for affordable transportation options.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Scooters market in Chad is experiencing significant growth due to a combination of customer preferences, market trends, local special circumstances, and underlying macroeconomic factors. Customer preferences in Chad are driving the demand for scooters. With their compact size and fuel efficiency, scooters are an ideal mode of transportation for navigating the crowded and often congested streets of Chad's cities. Additionally, scooters are more affordable than cars and motorcycles, making them a popular choice for individuals looking for a cost-effective means of transportation. Trends in the market also contribute to the growth of the Scooters market in Chad. As urbanization continues to increase in Chad, there is a greater need for efficient and convenient transportation options. Scooters provide a solution to this demand, as they are well-suited for navigating through traffic and finding parking in crowded areas. Furthermore, the rising popularity of scooter-sharing services in other parts of the world has also influenced the market in Chad, with more individuals opting to rent scooters for short trips rather than owning their own. Local special circumstances in Chad further contribute to the growth of the Scooters market. The country has a young population, with a significant portion of the population being of working age. This demographic is more likely to choose scooters as their mode of transportation due to their affordability and convenience. Additionally, Chad has a growing middle class that is increasingly seeking personal mobility options, further driving the demand for scooters. Underlying macroeconomic factors also play a role in the development of the Scooters market in Chad. Economic growth in the country has led to an increase in disposable income, allowing more individuals to afford scooters. Additionally, the government has implemented policies to improve infrastructure and promote sustainable transportation, which has further boosted the demand for scooters. In conclusion, the Scooters market in Chad is experiencing growth due to customer preferences for affordable and convenient transportation options, market trends such as urbanization and the rise of scooter-sharing services, local special circumstances such as a young population and a growing middle class, and underlying macroeconomic factors such as economic growth and government policies.

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.