Scooters - New Zealand

New Zealand

Highlights

In New Zealand, the Scooters market is projected to generate a revenue of US$6.88m by 2024.
This market is expected to experience an annual growth rate (CAGR 2024-2029) of 2.61%, resulting in a projected market volume of US$7.83m by 2029.
By that year, it is estimated that unit sales in the Scooters market will reach 1.46k motorcyles.
Furthermore, the volume weighted average price of the Scooters market in 2024 is expected to be US$5.24k.
Looking at the international perspective, it is evident that the highest revenue in the Scooters market will be generated India, with an estimated amount of US$10.62bn in 2024.
New Zealand is experiencing a surge in electric scooter popularity, with an increasing number of riders opting for eco-friendly transportation options.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Scooters market in New Zealand has been experiencing significant growth in recent years, driven by changing customer preferences, emerging trends in the market, and local special circumstances. Customer preferences in the Scooters market have shifted towards more sustainable and eco-friendly transportation options. With increasing concerns about climate change and environmental impact, consumers are actively seeking alternatives to traditional gasoline-powered vehicles. Scooters, particularly electric scooters, have emerged as a popular choice due to their lower carbon footprint and cost-effective nature. Additionally, the compact size and maneuverability of scooters make them ideal for urban commuting, where traffic congestion and limited parking spaces are common issues. Trends in the Scooters market in New Zealand have also played a significant role in its development. The rise of ride-sharing services, such as Lime and Beam, has introduced a new way of accessing scooters. These services allow users to rent scooters on a short-term basis, providing convenience and flexibility for those who do not want to own a scooter. This trend has further increased the demand for scooters in the market, as it appeals to a wider range of consumers who may not have considered purchasing a scooter before. Another trend in the Scooters market is the integration of technology. Many scooters now come equipped with features such as GPS tracking, smartphone connectivity, and app-based controls. These technological advancements enhance the user experience and provide added convenience and safety. Additionally, the rise of e-commerce platforms has made it easier for consumers to research and purchase scooters online, contributing to the growth of the market. Local special circumstances in New Zealand have also contributed to the development of the Scooters market. The country's geography, with its diverse landscapes and scenic routes, makes it an attractive destination for tourists. Scooters provide an excellent way for tourists to explore the country, offering a unique and immersive experience. This has led to an increase in scooter rentals and sales, particularly in tourist hotspots. Underlying macroeconomic factors have also played a role in the growth of the Scooters market in New Zealand. The country's strong economy and rising disposable incomes have increased consumer spending power, allowing more people to afford scooters. Additionally, government initiatives and incentives promoting sustainable transportation have further encouraged the adoption of scooters. In conclusion, the Scooters market in New Zealand is developing rapidly due to changing customer preferences, emerging trends, local special circumstances, and underlying macroeconomic factors. The shift towards more sustainable transportation options, the rise of ride-sharing services, the integration of technology, the country's tourism industry, and the strong economy have all contributed to the growth of the market. As these factors continue to evolve, the Scooters market in New Zealand is expected to expand further in the coming years.

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.