Scooters - Mozambique

Mozambique

In 2024, the projected revenue in the Scooters market in Mozambique is expected to reach US$28.01m.
Looking ahead, there is an anticipated annual growth rate (CAGR 2024-2029) of 2.74%, which would result in a projected market volume of US$32.06m by 2029.
Furthermore, it is predicted that unit sales in the Scooters market will reach 27.30k motorcyles by 2029.
In 2024, the volume weighted average price of the Scooters market in Mozambique is expected to be around US$1.16k.
It is worth noting that, from an international perspective, the highest revenue generation is projected to occur India, with an estimated revenue of US$10,620.00m in 2024.
Mozambique's scooter market is rapidly growing, driven by the country's urbanization and increasing demand for affordable and efficient transportation solutions.

Key regions: United States, Brazil, Spain, Indonesia, Portugal

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Analyst Opinion

The Scooters market in Mozambique is experiencing significant growth due to various factors such as customer preferences, market trends, local special circumstances, and underlying macroeconomic factors. Customer preferences in Mozambique are shifting towards more affordable and environmentally friendly transportation options. Scooters provide a cost-effective alternative to cars and motorcycles, making them an attractive choice for many consumers. Additionally, scooters are fuel-efficient and emit lower levels of greenhouse gases compared to traditional vehicles, aligning with the growing global concern for sustainability. As a result, there is a growing demand for scooters in Mozambique. Trends in the market indicate that scooters are becoming increasingly popular among urban dwellers in Mozambique. The rapid urbanization in the country has led to congestion and traffic issues in major cities, making scooters a convenient mode of transportation. Scooters are agile and compact, allowing riders to navigate through congested streets and reach their destinations faster. Furthermore, the rise of e-commerce and food delivery services has created a need for efficient last-mile transportation, and scooters are well-suited for this purpose. Local special circumstances also contribute to the development of the Scooters market in Mozambique. The country has a relatively young population, with a significant portion of the population falling within the working-age group. This demographic trend creates a larger pool of potential scooter buyers, as younger individuals are more likely to embrace new and innovative modes of transportation. Additionally, the government of Mozambique has been implementing policies to promote the use of scooters as a means to reduce traffic congestion and air pollution. This support from the government further fuels the growth of the Scooters market. Underlying macroeconomic factors also play a role in the development of the Scooters market in Mozambique. The country has been experiencing steady economic growth, leading to an increase in disposable income among consumers. As a result, more individuals have the financial means to purchase scooters. Furthermore, the availability of financing options and the expansion of scooter dealerships across the country have made scooters more accessible to a wider range of consumers. In conclusion, the Scooters market in Mozambique is growing due to customer preferences for affordable and environmentally friendly transportation, market trends favoring scooters in urban areas, local special circumstances such as a young population and government support, and underlying macroeconomic factors such as economic growth and increased disposable income. These factors are driving the demand for scooters and shaping the development of the market in Mozambique.

Methodology

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.