Scooters - Ethiopia

Ethiopia

Highlights

The Scooters market in Ethiopia is expected to generate a revenue of US$167.40m in 2024.
This market is projected to experience a steady annual growth rate of 0.91% from 2024 to 2029, resulting in a market volume of US$175.20m by 2029.
The unit sales of Scooters market in Ethiopia are expected to reach 138.60k motorcyles by 2029.
In 2024, the volume weighted average price of Scooters market in Ethiopia is estimated to be US$1.21k.
When considering the global market, it is worth noting that India is expected to generate the highest revenue in the Scooters market, reaching US$10.62bn in 2024.
Ethiopia's scooter market is experiencing rapid growth due to increasing urbanization and a need for affordable and efficient transportation.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Scooters market in Ethiopia is experiencing significant growth and development.

Customer preferences: In Ethiopia, there is a growing demand for scooters among urban dwellers. The convenience and affordability of scooters make them an attractive mode of transportation in crowded cities. Additionally, the younger population in Ethiopia is increasingly drawn to the sleek design and modern features of scooters, making them a popular choice among the youth.

Trends in the market: One of the key trends in the Scooters market in Ethiopia is the increasing adoption of electric scooters. As the country focuses on sustainable development and reducing carbon emissions, there is a growing interest in electric vehicles, including scooters. This trend is further supported by the government's initiatives to promote electric mobility and provide incentives for the purchase of electric vehicles. Another trend in the Scooters market in Ethiopia is the rise of scooter-sharing services. Similar to ride-hailing services, scooter-sharing platforms have gained popularity in urban areas. These services allow users to rent scooters for short distances, providing a convenient and cost-effective mode of transportation. The availability of scooter-sharing services has contributed to the overall growth of the Scooters market in Ethiopia.

Local special circumstances: One of the factors contributing to the growth of the Scooters market in Ethiopia is the increasing traffic congestion in urban areas. With limited infrastructure and a growing population, traffic congestion has become a major issue in cities like Addis Ababa. Scooters offer a practical solution to this problem, as they are smaller and more maneuverable than cars, allowing riders to navigate through congested streets more easily.

Underlying macroeconomic factors: The economic growth in Ethiopia has played a significant role in the development of the Scooters market. As the country's economy continues to expand, more people have disposable income to spend on transportation options. Additionally, the government's efforts to improve infrastructure and expand road networks have made scooters a viable mode of transportation for many Ethiopians. In conclusion, the Scooters market in Ethiopia is experiencing growth and development due to customer preferences for convenience and affordability, the increasing adoption of electric scooters, the rise of scooter-sharing services, the need for alternative transportation solutions in congested urban areas, and the underlying macroeconomic factors such as economic growth and infrastructure development.

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.