Scooters - Qatar | Statista Market Forecast

Scooters - Qatar

Qatar

Highlights

In 2024, it is projected that the Scooters market in Qatar will generate a revenue of US$970.00k.
Looking ahead, this market segment is expected to experience an annual growth rate (CAGR 2024-2029) of 0.31%, leading to a projected market volume of US$985.30k by 2029.
By that time, it is estimated that unit sales in the Scooters market will reach 247.00motorcyles.
Furthermore, the volume weighted average price of Scooters market in Qatar is anticipated to be US$3.99k in 2024.
Taking an international perspective, it is worth noting that the highest revenue is projected to be generated India, amounting to US$10.62bn in 2024.
Qatar's scooter market is experiencing a surge in demand as residents seek affordable and environmentally-friendly transportation options.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Scooters market in Qatar has been experiencing significant growth in recent years, driven by changing customer preferences, emerging trends, and local special circumstances. Customer preferences in the Scooters market in Qatar have been shifting towards more eco-friendly and cost-effective transportation options. Scooters offer a convenient and efficient mode of transportation, especially in urban areas with heavy traffic congestion. They are also seen as a more sustainable alternative to traditional gasoline-powered vehicles, aligning with the growing global focus on reducing carbon emissions and promoting clean energy solutions. Additionally, the compact size and maneuverability of scooters make them ideal for navigating narrow streets and crowded areas, further enhancing their appeal to customers in Qatar. Trends in the Scooters market in Qatar reflect the broader global market, with a growing demand for electric scooters. Electric scooters are gaining popularity due to their lower operating costs, reduced environmental impact, and advancements in battery technology, which have extended their range and improved performance. The availability of charging infrastructure and government incentives for electric vehicles in Qatar have further accelerated the adoption of electric scooters in the market. Additionally, there is a growing trend of scooter-sharing services, providing customers with a convenient and affordable way to access scooters without the need for ownership. Local special circumstances in Qatar have also contributed to the development of the Scooters market. The country's rapid urbanization and population growth have led to increased demand for efficient and sustainable transportation options. Qatar's government has recognized the importance of promoting sustainable mobility and has implemented various initiatives to support the adoption of electric vehicles, including scooters. These initiatives include the installation of charging stations across the country and the provision of financial incentives for electric vehicle purchases. Furthermore, Qatar's favorable climate, with warm temperatures throughout the year, makes scooters an attractive mode of transportation for both locals and tourists. Underlying macroeconomic factors have also played a role in the growth of the Scooters market in Qatar. The country's strong economic performance, driven by its natural gas reserves and diversification efforts, has resulted in increased disposable income and consumer spending. As a result, more individuals are able to afford scooters as a personal transportation option. Additionally, Qatar's focus on hosting major sporting events, such as the FIFA World Cup in 2022, has led to investments in infrastructure and transportation, including the development of dedicated scooter lanes and parking facilities, further supporting the growth of the Scooters market. In conclusion, the Scooters market in Qatar is developing rapidly due to changing customer preferences towards eco-friendly and cost-effective transportation options, emerging trends in electric scooters and scooter-sharing services, local special circumstances such as urbanization and government initiatives, and underlying macroeconomic factors such as strong economic performance and investments in infrastructure.

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.