Scooters - Fiji | Statista Market Forecast

Scooters - Fiji

Fiji

Highlights

The projected revenue in the Scooters market for Fiji is estimated to reach US$254.90k in 2024.
This market is expected to show an annual growth rate (CAGR 2024-2029) of 4.46%, resulting in a projected market volume of US$317.20k by 2029.
The unit sales in the Scooters market for Fiji are expected to reach 113.00motorcyles by 2029.
The volume weighted average price of the Scooters market in Fiji in 2024 is expected to amount to US$2.63k.
From an international perspective, it is shown that India will generate the most revenue in the Scooters market, with US$10.62bn in 2024.
Fiji's scooter market is experiencing a surge in popularity as locals embrace the convenience and affordability of this eco-friendly mode of transportation.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Scooters market in Fiji has been experiencing significant growth in recent years, driven by changing customer preferences, emerging trends in the market, local special circumstances, and underlying macroeconomic factors. Customer preferences in Fiji have shifted towards more sustainable and environmentally friendly modes of transportation, which has contributed to the rise in demand for scooters. Scooters offer an efficient and cost-effective way to navigate the island nation's congested roads and limited parking spaces. Additionally, scooters are seen as a trendy and fashionable mode of transport, particularly among the younger population. Trends in the market also play a role in the development of the Scooters market in Fiji. One notable trend is the increasing popularity of electric scooters. With the global push towards reducing carbon emissions, electric scooters have emerged as a greener alternative to traditional gasoline-powered scooters. The availability of charging infrastructure and the government's support for electric vehicles have further fueled the demand for electric scooters in Fiji. Another trend in the Scooters market is the rise of ride-sharing services. Companies like Uber and Lyft have expanded their operations to Fiji, offering scooter-sharing services as a convenient and affordable transportation option. This trend has not only increased the accessibility of scooters but has also encouraged more people to consider using scooters as a primary mode of transport. Local special circumstances in Fiji, such as the high cost of fuel and limited public transportation options, have also contributed to the growth of the Scooters market. Scooters are more fuel-efficient compared to cars and motorcycles, making them an attractive option for daily commuting. Furthermore, the compact size of scooters makes them well-suited for navigating Fiji's narrow and congested roads. Underlying macroeconomic factors have also played a role in the development of the Scooters market in Fiji. The country's growing middle class and rising disposable incomes have increased consumer purchasing power, making scooters more affordable and accessible to a larger segment of the population. Additionally, the government's efforts to improve infrastructure and promote tourism have boosted economic growth and created a favorable business environment for scooter manufacturers and retailers. In conclusion, the Scooters market in Fiji has experienced significant growth due to changing customer preferences, emerging trends in the market, local special circumstances, and underlying macroeconomic factors. The shift towards more sustainable transportation options, the rise of electric scooters, the popularity of ride-sharing services, and the high cost of fuel and limited public transportation options have all contributed to the increasing demand for scooters in Fiji. With favorable market conditions and a growing economy, the Scooters market is expected to continue its upward trajectory 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.