Scooters - Iran

Iran

The projected revenue for the Scooters market in Iran is expected to reach US$119.90m in 2024.
This represents a significant growth potential for the market in the country.
Furthermore, there is an anticipation of an annual growth rate (CAGR 2024-2029) of 2.23%, which would result in a projected market volume of US$133.90m by 2029.
This indicates a promising future for the Scooters market in Iran.
In terms of unit sales, it is estimated that the Scooters market will reach 46.72k motorcyles units by 2029.
This demonstrates a strong demand for Scooters market in the country.
Additionally, the volume weighted average price of the Scooters market in 2024 is projected to be US$2.79k.
This suggests that the market for Scooters market in Iran is not only growing in terms of volume, but also in terms of value.
From an international perspective, it is interesting to note that India is expected to generate the highest revenue in the Scooters market, with an estimated revenue of US$10,620.00m in 2024.
This highlights the importance of the Indian market in the global scooter industry.
Overall, the Scooters market in Iran shows great potential for growth and development.
The projected revenue, market volume, and unit sales indicate a positive outlook for the market in the coming years.
Despite economic challenges, the demand for electric scooters in Iran is growing due to increasing traffic congestion and a desire for more sustainable transportation options.

Key regions: United States, Brazil, Spain, Indonesia, Portugal

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Analyst Opinion

The Scooters market in Iran has been experiencing significant growth in recent years.

Customer preferences: One of the main reasons for the growth in the Scooters market in Iran is the increasing preference for affordable and fuel-efficient transportation options. Scooters offer a cost-effective and convenient mode of transportation, especially in congested urban areas. Additionally, the compact size of scooters makes them easier to maneuver in heavy traffic, further adding to their appeal.

Trends in the market: One trend that has been observed in the Scooters market in Iran is the rising popularity of electric scooters. With increasing concerns about air pollution and the need for sustainable transportation solutions, electric scooters have gained traction among consumers. These scooters are not only environmentally friendly but also offer lower operating costs compared to traditional gasoline-powered scooters. As a result, many consumers are opting for electric scooters as a greener alternative. Another trend in the Scooters market is the growing demand for scooters with advanced features and technology. Manufacturers are incorporating features such as smartphone connectivity, GPS navigation, and anti-theft systems to attract customers. These technological advancements enhance the overall riding experience and provide added convenience and safety.

Local special circumstances: Iran has a young population, and this demographic factor has contributed to the growth of the Scooters market. Younger consumers, who are more cost-conscious and environmentally aware, are increasingly turning to scooters as their preferred mode of transportation. Additionally, the high population density in urban areas of Iran makes scooters a practical choice for commuting.

Underlying macroeconomic factors: The economic conditions in Iran have also played a role in the development of the Scooters market. The affordability of scooters compared to cars makes them an attractive option for consumers, especially in a country where the average income levels are relatively low. Additionally, the availability of easy financing options has made it easier for consumers to purchase scooters. Furthermore, the government of Iran has implemented policies to promote the use of scooters as a means to reduce traffic congestion and air pollution. These policies include tax incentives and subsidies for the purchase of scooters, as well as the development of infrastructure to support the use of scooters. In conclusion, the Scooters market in Iran is growing due to customer preferences for affordable and fuel-efficient transportation options, the rising popularity of electric scooters, the demand for scooters with advanced features, the young population in Iran, and the economic conditions in the country. The government's support and policies to promote the use of scooters have also contributed to the market's development.

Methodology

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.