Key regions: United States, Brazil, Spain, Indonesia, Portugal
The Scooters market in Equatorial Guinea is experiencing significant growth and development. Customer preferences in Equatorial Guinea are shifting towards more environmentally friendly modes of transportation, which has led to an increased demand for scooters. Additionally, the country's unique geographical and economic circumstances have contributed to the growth of the Scooters market. Customer preferences in Equatorial Guinea are influenced by global trends towards sustainability and eco-friendly transportation options. As individuals become more conscious of their environmental impact, there is a growing demand for alternative modes of transportation that are less polluting. Scooters offer a practical and efficient solution for short-distance travel, making them an attractive choice for many consumers in Equatorial Guinea. In addition to environmental considerations, scooters also offer affordability and convenience. With rising fuel prices and the cost of owning a car, many consumers are turning to scooters as a more cost-effective means of transportation. Scooters are also easy to maneuver in congested urban areas, making them a popular choice for navigating Equatorial Guinea's busy streets. Furthermore, the unique geographical and economic circumstances of Equatorial Guinea have contributed to the growth of the Scooters market. The country's small size and limited road infrastructure make scooters a practical choice for many individuals. Scooters are nimble and can easily navigate through narrow streets and crowded areas, making them an ideal mode of transportation in Equatorial Guinea's urban centers. Additionally, the relatively low income levels in Equatorial Guinea make scooters an affordable option for many consumers. The lower upfront cost and lower maintenance expenses compared to cars make scooters an attractive alternative for individuals looking for affordable transportation options. In terms of local special circumstances, Equatorial Guinea's government has implemented policies to promote the use of scooters as a means of reducing traffic congestion and pollution. This has further fueled the growth of the Scooters market, as consumers are incentivized to choose scooters over other modes of transportation. Underlying macroeconomic factors, such as economic growth and urbanization, have also contributed to the development of the Scooters market in Equatorial Guinea. As the country's economy continues to grow and urban areas expand, there is an increasing need for efficient and affordable transportation options. Scooters fulfill this need by providing a practical and cost-effective mode of transportation for individuals in Equatorial Guinea. Overall, the Scooters market in Equatorial Guinea is experiencing growth and development due to shifting customer preferences towards environmentally friendly transportation options, the unique geographical and economic circumstances of the country, government policies promoting the use of scooters, and underlying macroeconomic factors such as economic growth and urbanization.
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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