Scooters - Denmark

Denmark

Highlights

The revenue in the Scooters market in Denmark is projected to reach US$2.76m in 2024.
It is expected to show an annual growth rate (CAGR 2024-2029) of 2.73%, resulting in a projected market volume of US$3.16m by 2029.
The unit sales in the Scooters market are expected to reach 582.00motorcyles in 2029.
Additionally, the volume weighted average price of the Scooters market in Denmark in 2024 is expected to amount to US$5.24k.
From an international perspective, it is evident that the most revenue will be generated India, with US$10.62bn in 2024.
Denmark is experiencing a surge in scooter usage, with an increasing number of urban dwellers opting for eco-friendly and convenient transportation options.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Scooters market in Denmark has been experiencing significant growth in recent years, driven by changing customer preferences and favorable market trends.

Customer preferences: One key factor driving the growth of the Scooters market in Denmark is the increasing demand for eco-friendly transportation options. As concerns about climate change and air pollution continue to rise, more consumers are looking for alternative modes of transportation that have a smaller environmental footprint. Scooters, particularly electric scooters, offer a convenient and sustainable solution for short-distance commuting in urban areas.

Trends in the market: In addition to the growing demand for eco-friendly transportation, other trends in the Scooters market in Denmark include the rise of shared mobility services and the increasing popularity of electric scooters. Shared mobility services, such as scooter-sharing programs, have gained traction in urban areas as they provide a convenient and cost-effective mode of transportation for short trips. This trend has been further accelerated by advancements in technology, such as smartphone apps that allow users to easily locate and rent scooters.

Local special circumstances: Denmark's well-developed infrastructure, including a network of bike lanes and a strong cycling culture, has also contributed to the growth of the Scooters market. The country's flat terrain and compact cities make it ideal for scooter commuting, and the existing infrastructure allows for easy integration of scooters into the transportation system. Additionally, Denmark has a high level of internet penetration and smartphone usage, which has facilitated the adoption of scooter-sharing services and other mobility apps.

Underlying macroeconomic factors: The growth of the Scooters market in Denmark can also be attributed to favorable macroeconomic factors. The country has a strong economy and high disposable income levels, which enable consumers to invest in personal transportation options. Furthermore, the government has implemented policies and incentives to promote sustainable transportation, including subsidies for electric vehicles and the development of charging infrastructure. These factors have created a supportive environment for the Scooters market to thrive in Denmark. Overall, the Scooters market in Denmark is experiencing growth due to changing customer preferences for eco-friendly transportation, the rise of shared mobility services, and favorable macroeconomic factors. With ongoing advancements in technology and increasing awareness of environmental issues, the market is expected to continue expanding 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.