Scooters - Finland

Finland

Highlights

In 2024, the projected revenue in the Scooters market in Finland is expected to reach US$3.92m.
Looking ahead, the segment is expected to experience an annual growth rate (CAGR 2024-2029) of 2.43%, resulting in a projected market volume of US$4.42m by 2029.
By that time, unit sales in the Scooters market are expected to reach 698.00motorcyles.
Furthermore, the volume weighted average price of Scooters market in Finland is projected to amount to US$6.27k in 2024.
From an international perspective, it is worth noting that the highest revenue in the Scooters market will be generated India, with an estimated amount of US$10.62bn in 2024.
The rise of electric scooters in Finland has transformed the urban transportation landscape, providing a sustainable and convenient alternative for commuters.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Scooters market in Finland has been experiencing significant growth in recent years, driven by changing customer preferences, emerging trends in the market, and local special circumstances.

Customer preferences: In Finland, there has been a shift in customer preferences towards more sustainable and eco-friendly modes of transportation. Scooters offer a convenient and environmentally friendly alternative to traditional cars or motorcycles. With increasing concerns about air pollution and the need to reduce carbon emissions, many consumers are opting for scooters as a greener transportation option. Additionally, scooters are compact and easy to maneuver, making them ideal for navigating through urban areas with limited parking spaces.

Trends in the market: One of the key trends in the Scooters market in Finland is the rise of electric scooters. Electric scooters are gaining popularity due to their lower environmental impact and lower operating costs compared to traditional petrol-powered scooters. The availability of charging infrastructure and government incentives for electric vehicles have further fueled the demand for electric scooters in Finland. As a result, many scooter manufacturers and ride-sharing companies have entered the market to cater to this growing demand. Another trend in the market is the increasing popularity of scooter-sharing services. Scooter-sharing platforms have gained traction in urban areas, providing users with a convenient and affordable mode of transportation for short distances. These platforms allow users to rent scooters on-demand through mobile applications, providing a flexible and cost-effective alternative to traditional transportation options. The convenience and ease of use offered by scooter-sharing services have contributed to the growth of the Scooters market in Finland.

Local special circumstances: Finland's well-developed infrastructure and urban planning have also contributed to the growth of the Scooters market. The country has a well-connected network of roads and bike lanes, making it easy for scooter riders to navigate through cities and towns. Additionally, the compact size of scooters makes them suitable for commuting in densely populated areas with limited parking spaces. The Finnish government has also been supportive of sustainable transportation initiatives, providing incentives and subsidies for electric scooters, which has further boosted the market.

Underlying macroeconomic factors: The Scooters market in Finland is also influenced by underlying macroeconomic factors. The country has a high standard of living and disposable income levels, allowing consumers to afford scooters as a mode of transportation. Additionally, Finland has a strong culture of outdoor activities and a preference for environmentally friendly products, which aligns with the values associated with scooters. The stable and prosperous economy of Finland provides a conducive environment for the growth of the Scooters market. In conclusion, the Scooters market in Finland is experiencing growth due to changing customer preferences towards sustainable transportation, emerging trends such as electric scooters and scooter-sharing services, local special circumstances including well-developed infrastructure and government support, and underlying macroeconomic factors such as high disposable income levels and a culture of outdoor activities. These factors have created a favorable environment for the development and expansion of the Scooters market in Finland.

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.