Scooters - Croatia

Croatia

Highlights

In 2024, the projected revenue in the Scooters market in Croatia is estimated to reach US$4.11m.
Looking ahead, it is expected that the revenue will experience an annual growth rate of 6.39% from 2024 to 2029.
This growth will result in a projected market volume of US$5.61m by 2029.
In terms of unit sales, it is anticipated that the Scooters market will reach 998.00motorcyles units in 2029.
Furthermore, the volume weighted average price of the Scooters market in Croatia is expected to be US$5.46k in 2024.
Taking an international perspective, it is evident that India will generate the highest revenue in the Scooters market, with an estimated amount of US$10.62bn in 2024.
In Croatia, the scooter market is experiencing a surge in popularity due to the country's beautiful coastal roads and scenic landscapes, making it a preferred mode of transportation for tourists and locals alike.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Scooters market in Croatia has been experiencing steady growth in recent years, driven by changing customer preferences, emerging trends in the market, and local special circumstances. Customer preferences in the Scooters market in Croatia have shifted towards more eco-friendly and cost-effective transportation options. Scooters offer a convenient and affordable mode of transportation, especially in urban areas where traffic congestion is a common issue. Additionally, younger generations are increasingly opting for scooters as they provide a sense of freedom and flexibility. Trends in the Scooters market in Croatia reflect global patterns, with an increasing demand for electric scooters. Electric scooters are gaining popularity due to their environmentally friendly nature and lower operating costs compared to traditional gasoline-powered scooters. This trend is driven by growing awareness of sustainability and the need to reduce carbon emissions. Furthermore, technological advancements have led to the development of more efficient and powerful electric scooters, making them a viable alternative to traditional scooters. Local special circumstances in Croatia also contribute to the growth of the Scooters market. The country's geography, with its beautiful coastline and numerous islands, makes scooters an ideal mode of transportation for tourists and locals alike. Scooters provide a convenient and efficient way to explore the country's scenic landscapes and navigate through narrow streets and alleyways. Additionally, the relatively small size of Croatia's urban centers makes scooters a practical choice for daily commuting, as they are easy to park and maneuver in congested areas. Underlying macroeconomic factors also play a role in the development of the Scooters market in Croatia. The country's stable economic growth and rising disposable incomes have increased consumer purchasing power, allowing more people to afford scooters. Furthermore, government initiatives to promote sustainable transportation and reduce dependence on fossil fuels have created a favorable environment for the growth of the electric scooter market. These initiatives include subsidies and incentives for purchasing electric scooters, as well as the development of charging infrastructure across the country. Overall, the Scooters market in Croatia is experiencing growth due to changing customer preferences, emerging trends in the market, local special circumstances, and supportive macroeconomic factors. The shift towards eco-friendly transportation options, such as electric scooters, reflects global sustainability trends. The convenience and affordability of scooters, combined with Croatia's unique geography and urban landscape, make them a popular choice for both locals and tourists. With continued economic growth and government support, the Scooters market in Croatia is expected to expand further 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.