Scooters - Mauritius

Mauritius

Highlights

The revenue in the Scooters market in Mauritius is projected to reach US$157.60k by 2024.
It is expected to show an annual growth rate of 3.88% from 2024 to 2029, resulting in a projected market volume of US$190.70k by 2029.
The unit sales in the Scooters market are also expected to reach 148.00motorcyles by 2029.
In 2024, the volume weighted average price of Scooters market in Mauritius is expected to amount to US$1.19k.
From an international perspective, it is shown that the most revenue will be generated India, with a projected revenue of US$10.62bn in 2024.
The demand for electric scooters in Mauritius is rising rapidly due to the country's focus on sustainable transportation.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Scooters market in Mauritius has been experiencing steady growth in recent years. Customer preferences for scooters have been influenced by factors such as convenience, affordability, and environmental consciousness. Additionally, local special circumstances and underlying macroeconomic factors have contributed to the development of the market.

Customer preferences: In Mauritius, customer preferences for scooters have been driven by the need for convenient and affordable transportation options. Scooters offer a cost-effective mode of transport, especially for short distances, making them popular among commuters and students. The compact size and maneuverability of scooters also make them ideal for navigating through the country's congested urban areas. Furthermore, there is a growing awareness of environmental issues among customers in Mauritius. Scooters are seen as a greener alternative to cars, as they produce lower emissions and consume less fuel. This aligns with the global trend towards sustainable transportation options, and customers in Mauritius are increasingly choosing scooters as their preferred mode of transport.

Trends in the market: One of the key trends in the Scooters market in Mauritius is the increasing demand for electric scooters. As the government promotes sustainable transportation, there has been a rise in the adoption of electric vehicles, including scooters. Electric scooters offer the advantage of being eco-friendly and cost-efficient, as they require less maintenance and have lower operating costs compared to traditional fuel-powered scooters. Another trend in the market is the availability of a wide range of scooter models and brands. Customers in Mauritius have access to a variety of options, ranging from entry-level scooters to high-end models with advanced features. This wide selection allows customers to choose a scooter that best suits their needs, preferences, and budget.

Local special circumstances: Mauritius is a small island nation with limited road infrastructure. This has contributed to the popularity of scooters as they are well-suited for navigating the narrow and congested roads. Scooters provide a practical solution for commuting in urban areas, allowing customers to avoid traffic congestion and reach their destinations quickly. Additionally, the tourism industry plays a significant role in the Scooters market in Mauritius. Many tourists prefer to rent scooters to explore the island, providing an additional source of revenue for scooter rental businesses. This demand from tourists further drives the growth of the Scooters market in Mauritius.

Underlying macroeconomic factors: The stable economic growth and rising disposable income in Mauritius have positively influenced the Scooters market. As people's purchasing power increases, they are more likely to invest in personal transportation options such as scooters. The affordability and cost-effectiveness of scooters make them an attractive choice for individuals looking for an affordable mode of transport. Furthermore, government incentives and subsidies for electric vehicles have encouraged the adoption of electric scooters in Mauritius. These initiatives aim to reduce the country's carbon footprint and promote sustainable transportation. The availability of such incentives has boosted the demand for electric scooters and contributed to the growth of the Scooters market in Mauritius. In conclusion, the Scooters market in Mauritius is developing due to customer preferences for convenient and affordable transportation options, as well as the growing awareness of environmental issues. The trends in the market include the increasing demand for electric scooters and the availability of a wide range of scooter models. Local special circumstances, such as limited road infrastructure and the tourism industry, also contribute to the development of the market. Additionally, underlying macroeconomic factors such as stable economic growth and government incentives for electric vehicles play a significant role in driving the growth of the Scooters market in Mauritius.

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.