Scooters - Egypt | Statista Market Forecast

Scooters - Egypt

Egypt

Highlights

The projected revenue for the Scooters market in Egypt is expected to reach EGP US$86.24m by 2024.
It is anticipated that there will be an annual growth rate of 1.23% from 2024 to 2029, resulting in a projected market volume of EGP US$91.66m by 2029.
The unit sales for the Scooters market in Egypt are expected to reach 80.40k motorcyles by 2029.
In 2024, the volume weighted average price for the Scooters market in Egypt is projected to be EGP US$1.12k.
When looking at the international market, it is evident that the highest revenue will be generated India, amounting to INR US$10.62bn in 2024.
The demand for electric scooters is on the rise in Egypt, as consumers are increasingly looking for eco-friendly transportation options in the country.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Scooters market in Egypt has been experiencing significant growth in recent years. Customer preferences for more affordable and efficient transportation options, coupled with local special circumstances and underlying macroeconomic factors, have contributed to this trend. Customer preferences in Egypt have shifted towards more cost-effective and convenient modes of transportation. Scooters offer an affordable alternative to traditional cars and motorcycles, making them an attractive option for many consumers. Additionally, scooters are easier to maneuver in congested urban areas, where traffic can be a major issue. The compact size and agility of scooters make them a practical choice for navigating through crowded streets, especially in cities like Cairo and Alexandria. Trends in the market indicate that scooters are becoming increasingly popular among young professionals and students in Egypt. This demographic values the flexibility and affordability that scooters offer, allowing them to easily commute to work or school without relying on public transportation or facing the challenges of finding parking spaces. As a result, scooter sales have been steadily increasing in recent years. Local special circumstances also play a role in the development of the Scooters market in Egypt. The country has a large population, with a significant portion residing in urban areas. This concentration of people in cities creates a high demand for efficient transportation options. Additionally, Egypt has been experiencing rapid urbanization, with more people moving to cities in search of better job opportunities. This urbanization trend has further fueled the demand for scooters as a practical and affordable means of transportation. Underlying macroeconomic factors have also contributed to the growth of the Scooters market in Egypt. The country has been undergoing economic reforms aimed at attracting foreign investment and boosting economic growth. As a result, there has been an increase in job opportunities and disposable income levels, allowing more people to afford scooters. Additionally, the government has been investing in infrastructure development, including improving road networks and expanding public transportation systems. These improvements have made it easier for scooters to navigate through the cities and have further contributed to the market growth. In conclusion, the Scooters market in Egypt has been developing due to customer preferences for affordable and efficient transportation options, local special circumstances such as urbanization and population concentration in cities, and underlying macroeconomic factors such as economic reforms and infrastructure development. This trend is expected to continue as more consumers recognize the benefits of scooters in meeting their transportation needs.

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.