Scooters - LATAM
LATAM- The projected revenue for the Scooters market in LATAM is expected to reach US$2.10bn by 2024.
- This forecast indicates an annual growth rate of 6.06% between 2024 and 2029, resulting in a projected market volume of US$2.81bn by 2029.
- The unit sales for Scooters market in LATAM are expected to reach 1.30m motorcyles by 2029.
- The volume weighted average price for Scooters market in LATAM in 2024 is projected to be US$2.06k.
- When considering the international perspective, it is evident that India will generate the highest revenue in the Scooters market, with US$10.62bn in 2024.
- The demand for electric scooters in LATAM is growing rapidly, as consumers prioritize eco-friendly and cost-effective transportation options.
- Key regions:
- United States,
- Brazil,
- Spain,
- Indonesia,
- Portugal
Owing to their relative affordability, scooters are a motorcycle type which remains popular amongst biking enthusiasts who value a light, easy-to-ride motorcycle. Scooters vary by aesthetic characteristics, mode of operation, and engine capacity. Nowadays, scooters can be typically found in the engine capacity range of 50cc to as high as 650cc or more. Unlike many other motorcycle types, scooters have a robust bodywork which serves the chief purposes of concealing all the mechanical parts and providing a cleaner look as well as quieter operation. In addition, they have significantly more built-in storage space than most conventional motorcycles. Ease of use and ample storage space aside, the introduction of electric scooters is an innovation that is driving the adoption of scooters.
In-Scope
- Scooters > 50cc
- Mopeds > 50cc
Out-Of-Scope
- Mopeds < 50cc
- Buses, Vans and Trucks
- On-road motorcycles such as sports bikes
- Off-road motorcycles or dirt bikes
- Dual-purpose motorcycles such as supermotos or adventure-tourers
