Key regions: United States, Brazil, Spain, Indonesia, Portugal
The Scooters market in GCC has been experiencing significant growth in recent years, driven by various factors such as changing customer preferences, emerging trends, and local special circumstances.
Customer preferences: Customers in the GCC region are increasingly opting for scooters as a mode of transportation due to their convenience, affordability, and fuel efficiency. Scooters are particularly popular among the younger population who are looking for cost-effective and eco-friendly transportation options. Additionally, the compact size of scooters makes them well-suited for navigating through the region's congested urban areas.
Trends in the market: One of the key trends in the GCC Scooters market is the rising demand for electric scooters. With increasing concerns about environmental sustainability and the need to reduce carbon emissions, electric scooters have gained popularity among environmentally conscious consumers. The GCC region has been witnessing a gradual shift towards cleaner and greener transportation options, and electric scooters align well with this trend. Another trend in the market is the growing popularity of scooter-sharing services. Similar to bike-sharing programs, scooter-sharing services provide users with a convenient and affordable way to travel short distances. These services have gained traction in cities across the GCC region, offering an alternative to traditional transportation options and reducing traffic congestion.
Local special circumstances: The GCC region is known for its hot climate, which has influenced the design and features of scooters available in the market. Manufacturers have introduced scooters with enhanced cooling systems and heat-resistant materials to ensure optimal performance in high temperatures. Additionally, the availability of charging infrastructure for electric scooters is an important consideration in the region, and efforts are being made to expand the charging network to support the growing demand for electric scooters.
Underlying macroeconomic factors: The growth of the Scooters market in GCC can also be attributed to underlying macroeconomic factors. The region has witnessed steady economic growth over the years, resulting in increased disposable incomes and higher purchasing power among consumers. This has led to a rise in demand for personal transportation options, including scooters. Furthermore, government initiatives and policies aimed at promoting sustainable transportation have played a significant role in the development of the Scooters market. Incentives such as tax breaks and subsidies for electric scooters have encouraged consumers to adopt cleaner and more energy-efficient modes of transportation. In conclusion, the Scooters market in GCC is witnessing growth due to changing customer preferences, emerging trends such as electric scooters and scooter-sharing services, local special circumstances such as the hot climate, and underlying macroeconomic factors such as economic growth and government initiatives. As the demand for convenient and eco-friendly transportation options continues to rise, the Scooters market in GCC is expected to further expand 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.
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