Key regions: United States, Brazil, Spain, Indonesia, Portugal
The Scooters market in Estonia has been experiencing significant growth in recent years, driven by changing customer preferences, emerging trends, and local special circumstances. Customer preferences in the Scooters market have shifted towards more eco-friendly and convenient modes of transportation. Scooters offer a sustainable alternative to traditional vehicles, with lower emissions and reduced fuel consumption. Additionally, scooters are lightweight and compact, making them ideal for navigating through crowded urban areas and avoiding traffic congestion. These customer preferences align with global trends towards sustainable mobility solutions. The market in Estonia has also been influenced by emerging trends in the Scooters industry. One such trend is the rise of electric scooters. Electric scooters offer several advantages over traditional scooters, including reduced noise pollution and lower maintenance costs. The increasing availability of charging infrastructure and the development of more efficient battery technology have contributed to the growing popularity of electric scooters in Estonia. This trend is in line with the global shift towards electric mobility. Another trend in the Scooters market in Estonia is the growing popularity of shared scooters. Shared mobility services, such as scooter-sharing platforms, have gained traction in urban areas, providing a convenient and cost-effective transportation option for short trips. These services have been successful in addressing the last-mile connectivity challenge and reducing reliance on private car ownership. The increasing availability of shared scooters in Estonia has contributed to the market growth and has been well-received by consumers. Local special circumstances in Estonia have also played a role in the development of the Scooters market. Estonia has a well-developed infrastructure, including extensive bike lanes and a compact urban layout, which makes it conducive for scooter usage. The government has also been supportive of sustainable mobility solutions, implementing policies and incentives to promote the adoption of electric vehicles, including scooters. These local special circumstances have created a favorable environment for the growth of the Scooters market in Estonia. Underlying macroeconomic factors have further contributed to the development of the Scooters market in Estonia. The country has experienced steady economic growth, resulting in increased disposable income and consumer spending. This has allowed individuals to invest in alternative modes of transportation, such as scooters, to meet their mobility needs. Additionally, the tourism industry in Estonia has been flourishing, attracting visitors who may opt for scooter rentals as a convenient way to explore the country. These macroeconomic factors have created a favorable market landscape for the Scooters industry in Estonia. In conclusion, the Scooters market in Estonia has been growing due to changing customer preferences, emerging trends, local special circumstances, and underlying macroeconomic factors. The shift towards eco-friendly and convenient transportation options, the rise of electric and shared scooters, the favorable local infrastructure and government support, and the country's economic growth and tourism industry have all contributed to the development of the market.
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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