Scooters - Greece | Statista Market Forecast

Scooters - Greece

Greece

Highlights

The revenue in the Scooters market is forecasted to reach US$28.55m in 2024 in Greece.
Furthermore, it is expected to exhibit an annual growth rate (CAGR 2024-2029) of 9.28%, resulting in a projected market volume of US$44.49m by 2029.
The unit sales in the Scooters market are projected to reach 9.44k motorcyles in 2029.
In addition, the volume weighted average price of the Scooters market in 2024 is estimated to be US$4.53k.
From an international standpoint, it is evident that the highest revenue will be generated India, amounting to US$10.62bn in 2024.
The demand for electric scooters in Greece has surged, driven by the country's push for sustainable transportation options.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Scooters market in Greece has been experiencing steady growth in recent years.

Customer preferences: Greek consumers have shown a growing interest in scooters as a mode of transportation. This can be attributed to several factors. Firstly, scooters are a cost-effective alternative to cars, especially in urban areas where traffic congestion is a major issue. They are also more fuel-efficient, making them an attractive option for environmentally conscious consumers. Additionally, scooters are easy to maneuver and park, which is particularly appealing in cities with limited parking spaces.

Trends in the market: One of the key trends in the Greek Scooters market is the increasing popularity of electric scooters. As the government and consumers become more focused on sustainability, there has been a shift towards greener transportation options. Electric scooters offer a clean and efficient mode of transportation, and their popularity is expected to continue growing in the coming years. Another trend in the market is the rise of scooter-sharing services. This trend has been observed in many countries worldwide, and Greece is no exception. Scooter-sharing services provide a convenient and affordable means of transportation for short distances. With the advent of smartphone apps, consumers can easily locate and rent scooters on-demand, further fueling the growth of this market segment.

Local special circumstances: Greece's geography and climate also contribute to the growth of the Scooters market. The country has a large number of islands and hilly regions, where scooters are an ideal mode of transportation. Scooters are well-suited to navigating the narrow and winding roads often found in these areas. Additionally, Greece enjoys a Mediterranean climate, with long summers and mild winters. This weather is conducive to year-round scooter usage, further driving demand in the market.

Underlying macroeconomic factors: The Greek economy has been recovering from a prolonged financial crisis, and this has had a positive impact on consumer spending. As disposable incomes increase, consumers have more purchasing power to invest in personal transportation. Scooters, being a relatively affordable option, have become a popular choice for many Greek consumers. In conclusion, the Scooters market in Greece is experiencing growth due to customer preferences for cost-effective and environmentally friendly transportation options. The increasing popularity of electric scooters and scooter-sharing services reflects the global trend towards sustainability and convenience. Greece's geography and climate also contribute to the growth of the market, while the recovering economy provides consumers with the means to invest in personal transportation.

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.