Scooters - Ireland

Ireland

In 2024, the projected revenue in the Scooters market in Ireland is expected to reach US$1.66m.
Furthermore, a steady annual growth rate (CAGR 2024-2029) of 7.11% is anticipated, resulting in a projected market volume of US$2.34m by 2029.
By that year, it is estimated that the unit sales in the Scooters market will reach 405.00motorcyles.
Looking at the average price in the Scooters market, the volume weighted average price is expected to amount to US$5.71k in 2024.
From an international perspective, it is evident that the highest revenue generation in the Scooters market will occur India, with a projected revenue of US$10,620.00m in 2024.
The demand for electric scooters in Ireland is rapidly increasing due to the country's emphasis on sustainable transportation solutions.

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

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Analyst Opinion

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

Customer preferences: In Ireland, there has been a growing preference for eco-friendly and cost-effective modes of transportation, which has led to an increased demand for scooters. Scooters offer a convenient and efficient way to navigate through congested urban areas, making them popular among commuters and city dwellers. Additionally, scooters are seen as a trendy and fun mode of transportation, appealing to younger demographics who value style and individuality.

Trends in the market: One of the key trends in the Scooters market in Ireland is the shift towards electric scooters. With a focus on sustainability and reducing carbon emissions, electric scooters have gained popularity among environmentally conscious consumers. The advancements in battery technology have made electric scooters more reliable and efficient, offering longer ranges and shorter charging times. This trend is expected to continue as the government encourages the adoption of electric vehicles and implements policies to promote sustainable transportation options. Another trend in the market is the rise of scooter-sharing services. Similar to bike-sharing programs, scooter-sharing services provide users with access to scooters on a short-term basis. This trend has been facilitated by the proliferation of smartphone apps that allow users to locate and unlock scooters for rental. Scooter-sharing services have gained traction in urban areas where there is a high demand for short-distance transportation options.

Local special circumstances: Ireland's urban areas, particularly Dublin, face challenges of traffic congestion and limited parking spaces. This has created a need for alternative modes of transportation that are compact and easily maneuverable. Scooters offer a solution to these challenges, allowing users to navigate through traffic and park in tight spaces. The compact size of scooters also makes them ideal for short trips and last-mile connectivity, complementing existing public transportation systems.

Underlying macroeconomic factors: The growing Scooters market in Ireland is also influenced by underlying macroeconomic factors. The country has experienced steady economic growth in recent years, leading to increased disposable income and consumer spending. This has allowed more individuals to afford personal transportation options such as scooters. Additionally, the government's investment in infrastructure and the promotion of sustainable transportation options have created a favorable environment for the growth of the Scooters market. In conclusion, the Scooters market in Ireland is witnessing growth due to changing customer preferences, including a preference for eco-friendly transportation options, and local special circumstances such as traffic congestion and limited parking spaces. The rise of electric scooters and scooter-sharing services are key trends in the market, driven by advancements in technology and the need for convenient and sustainable transportation options. The underlying macroeconomic factors, including economic growth and government initiatives, further contribute to the development of the Scooters market in Ireland.

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.