Scooters - Morocco

Morocco

Highlights

In 2024, the projected revenue in the Scooters market in Morocco is estimated to reach US$12.68m.
This market is expected to demonstrate an annual growth rate (CAGR 2024-2029) of 0.30%, resulting in a projected market volume of US$12.88m by 2029.
Furthermore, it is anticipated that the unit sales in the Scooters market will reach 11.29k motorcyles by 2029.
The volume weighted average price of the Scooters market in 2024 is projected to be US$1.13k.
From an international standpoint, it is observed that India is expected to generate the highest revenue in the Scooters market, amounting to US$10.62bn in 2024.
Morocco's scooter market is experiencing a surge in popularity due to the country's congested roads and increasing demand for affordable and convenient transportation options.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Scooters market in Morocco is experiencing significant growth and development in recent years.

Customer preferences: One of the key reasons for the growth of the Scooters market in Morocco is the changing customer preferences. Scooters are becoming increasingly popular among urban commuters due to their compact size, fuel efficiency, and ease of maneuverability in congested city streets. Additionally, scooters offer a cost-effective alternative to cars, making them an attractive option for budget-conscious consumers.

Trends in the market: The Scooters market in Morocco is witnessing several trends that are driving its growth. Firstly, there is a growing demand for electric scooters as consumers become more environmentally conscious and seek sustainable transportation options. Electric scooters offer zero-emission mobility, making them an appealing choice for eco-conscious individuals. Secondly, there is a rising trend of scooter-sharing services in major cities, providing convenient and affordable transportation solutions for short-distance travel. This trend is driven by the increasing popularity of ride-sharing platforms and the need for efficient last-mile connectivity.

Local special circumstances: Morocco's unique geographical and cultural characteristics also contribute to the growth of the Scooters market. The country has a large urban population, with many cities experiencing high levels of traffic congestion. Scooters offer a practical solution to navigate through crowded streets and reach destinations faster. Furthermore, Morocco has a relatively warm climate, which makes scooters a suitable mode of transportation throughout the year. The compact size of scooters also makes them easier to park in densely populated urban areas.

Underlying macroeconomic factors: Several macroeconomic factors are driving the growth of the Scooters market in Morocco. The country has been experiencing steady economic growth, leading to an increase in disposable income levels among the population. As a result, more individuals are able to afford personal transportation options like scooters. Additionally, the government has implemented policies and incentives to promote the use of electric vehicles, including electric scooters. These policies aim to reduce dependence on fossil fuels and promote sustainable transportation alternatives. In conclusion, the Scooters market in Morocco is witnessing significant growth and development due to changing customer preferences, trends in the market such as the demand for electric scooters and scooter-sharing services, local special circumstances like traffic congestion and a warm climate, and underlying macroeconomic factors such as economic growth and government policies. This growth is expected to continue as more consumers recognize the benefits of scooters as a practical, cost-effective, and environmentally friendly mode 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.