Scooters - Kazakhstan

Kazakhstan

Highlights

In Kazakhstan, the revenue in the Scooters market is projected to reach US$6.17m in 2024.
It is expected to show an annual growth rate of 3.69% from 2024 to 2029, resulting in a projected market volume of US$7.39m by 2029.
The unit sales in the Scooters market are expected to reach 3.43k motorcyles in 2029.
The volume weighted average price of the Scooters market in 2024 is expected to amount to US$1.98k.
From an international perspective, it is shown that the most revenue will be generated India, with US$10.62bn in 2024.
The demand for electric scooters in Kazakhstan is on the rise, as the government promotes sustainable transportation solutions.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Scooters market in Kazakhstan is experiencing significant growth and development.

Customer preferences: In recent years, there has been a noticeable shift in customer preferences towards scooters in Kazakhstan. This can be attributed to several factors. Firstly, scooters are seen as a more affordable and convenient mode of transportation compared to cars. With the rising cost of fuel and increasing traffic congestion in urban areas, many consumers are opting for scooters as a practical and cost-effective solution for their daily commute. Secondly, scooters are also popular among younger consumers who are looking for a stylish and environmentally friendly mode of transportation.

Trends in the market: One of the key trends in the Scooters market in Kazakhstan is the increasing demand for electric scooters. This can be attributed to the growing awareness of environmental issues and the desire to reduce carbon emissions. Electric scooters are seen as a greener alternative to traditional gasoline-powered scooters, and many consumers are willing to pay a premium for these eco-friendly vehicles. Additionally, the government of Kazakhstan has implemented several initiatives to promote the use of electric scooters, such as tax incentives and subsidies, which have further fueled the demand for these vehicles. Another trend in the market is the growing popularity of scooters for recreational purposes. Scooters are increasingly being used for leisure activities such as sightseeing and exploring the countryside. This trend can be attributed to the growing tourism industry in Kazakhstan, as well as the desire for outdoor activities among the population. As a result, manufacturers are introducing new models and features specifically designed for recreational use, such as larger wheels and enhanced suspension systems.

Local special circumstances: Kazakhstan is a vast country with diverse geographical features, including mountainous regions and vast steppes. This presents unique challenges and opportunities for the Scooters market. In urban areas, scooters are preferred for their maneuverability and ability to navigate through traffic congestion. In rural areas, scooters are popular for their off-road capabilities and ability to handle rough terrains. As a result, manufacturers are adapting their products to cater to the specific needs and preferences of the local market.

Underlying macroeconomic factors: The growth of the Scooters market in Kazakhstan can be attributed to several underlying macroeconomic factors. Firstly, the country has experienced stable economic growth in recent years, which has led to an increase in disposable income and consumer spending. This has allowed more consumers to afford scooters and other recreational vehicles. Secondly, the government of Kazakhstan has implemented several measures to improve the country's infrastructure, including the construction of new roads and the expansion of public transportation networks. This has made scooters a more viable and attractive option for commuting and recreational purposes. Lastly, the increasing urbanization and population growth in Kazakhstan have also contributed to the growth of the Scooters market, as more people are looking for affordable and convenient modes of 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.