Scooters - Malta | Statista Market Forecast

Scooters - Malta

Malta

Highlights

The revenue in the Scooters market in Malta is projected to reach US$134.40k in 2024.
It is expected to show an annual growth rate (CAGR 2024-2029) of 3.33%, resulting in a projected market volume of US$158.30k by 2029.
The unit sales in the Scooters market are also expected to reach 28.00motorcyles in 2029.
The volume weighted average price of the Scooters market in 2024 is projected to amount to US$5.38k.
From an international perspective, it is shown that the most revenue will be generated India, with an estimated amount of US$10.62bn in 2024.
Malta is witnessing a surge in the popularity of electric scooters as an eco-friendly and efficient mode of transportation in its urban areas.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Scooters market in Malta has been experiencing significant growth in recent years. Customer preferences have shifted towards more sustainable and efficient modes of transportation, leading to an increased demand for scooters. Additionally, local special circumstances and underlying macroeconomic factors have contributed to the development of the market.

Customer preferences: Customers in Malta are increasingly opting for scooters as a means of transportation due to their convenience and affordability. Scooters offer a practical solution for navigating the narrow streets and heavy traffic in urban areas. They are also cost-effective, requiring less fuel and maintenance compared to traditional cars. Furthermore, scooters are seen as a more sustainable option, as they produce fewer emissions and have a smaller carbon footprint.

Trends in the market: One of the key trends in the Scooters market in Malta is the rising popularity of electric scooters. With an increasing focus on sustainability and environmental consciousness, electric scooters have gained traction among consumers. These scooters are powered by rechargeable batteries and offer a cleaner alternative to traditional petrol-powered scooters. The demand for electric scooters is expected to continue growing as more people embrace eco-friendly transportation options. Another trend in the market is the introduction of sharing services for scooters. Similar to bike-sharing programs, scooter-sharing services have emerged in Malta, allowing customers to rent scooters for short periods of time. This trend has been driven by the convenience and flexibility it offers to users, particularly in crowded urban areas. Scooter-sharing services provide a cost-effective and efficient mode of transportation for short trips, reducing the need for private vehicle ownership.

Local special circumstances: The unique geography and infrastructure of Malta have contributed to the development of the Scooters market. The island nation has limited space and congested roads, making scooters a practical choice for commuting. The compact size of scooters allows riders to maneuver through traffic and find parking spaces more easily. Additionally, the warm climate in Malta makes scooters an attractive option for commuting and leisure activities, as riders can enjoy the open-air experience.

Underlying macroeconomic factors: The growth of the Scooters market in Malta can be attributed to several underlying macroeconomic factors. The country has experienced steady economic growth in recent years, leading to an increase in disposable income. This has allowed more individuals to afford scooters as a mode of transportation. Additionally, government initiatives and incentives promoting sustainable transportation have encouraged the adoption of scooters. These factors, combined with the growing awareness of environmental issues, have contributed to the development of the Scooters market in Malta. In conclusion, the Scooters market in Malta has experienced significant growth due to shifting customer preferences towards more sustainable and efficient transportation options. The rise of electric scooters and the introduction of scooter-sharing services have been key trends in the market. The unique geography and infrastructure of Malta, along with underlying macroeconomic factors, have also played a role in the development of the market.

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.