Scooters - Republic of the Congo

Republic of the Congo

Highlights

In 2024, the Scooters market in the Republic of the Congo is expected to generate a projected revenue of US$1.33m.
This market segment is anticipated to demonstrate an annual growth rate (CAGR 2024-2029) of 1.50%, resulting in a projected market volume of US$1.43m by 2029.
By that same year, unit sales in the Scooters market are expected to reach 1.19k motorcyles.
The volume weighted average price of the Scooters market in 2024 is projected to be US$1.16k.
When considering the international perspective, it is evident that India is expected to generate the highest revenue in the Scooters market, amounting to US$10.62bn in 2024.
The Republic of the Congo is experiencing a rising trend in the adoption of electric scooters as a sustainable transportation solution.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Scooters market in Republic of the Congo is experiencing significant growth due to changing customer preferences, emerging trends, and local special circumstances.

Customer preferences: Customers in Republic of the Congo are increasingly opting for scooters as a mode of transportation due to their affordability, fuel efficiency, and convenience. Scooters are seen as a practical solution for navigating the country's congested urban areas and are particularly popular among young professionals and students. Additionally, the compact size of scooters makes them ideal for maneuvering through narrow streets and heavy traffic, further contributing to their rising popularity.

Trends in the market: One of the key trends in the Scooters market in Republic of the Congo is the increasing demand for electric scooters. As awareness about environmental sustainability grows, more customers are seeking eco-friendly alternatives to traditional petrol-powered scooters. Electric scooters offer a clean and silent mode of transportation, making them attractive to environmentally conscious consumers. The government's initiatives to promote electric vehicles and provide subsidies for their purchase have also contributed to the rising trend of electric scooters in the market. Another trend observed in the market is the growing popularity of scooter-sharing services. Similar to bike-sharing services, scooter-sharing platforms have gained traction in urban areas of Republic of the Congo. These services provide customers with a convenient and cost-effective way to travel short distances, reducing the need for private vehicle ownership. The availability of scooter-sharing services has further fueled the demand for scooters, as customers get a taste of the benefits without the commitment of owning a scooter.

Local special circumstances: Republic of the Congo's infrastructural challenges, such as inadequate public transportation systems and congested roads, have created a favorable environment for the growth of the Scooters market. With limited options for public transportation, individuals are increasingly turning to scooters as a reliable and efficient means of commuting. The compact size of scooters allows them to navigate through traffic congestion more easily, providing a practical solution for daily commuting needs.

Underlying macroeconomic factors: The growing middle class in Republic of the Congo, coupled with rising urbanization rates, has contributed to the expansion of the Scooters market. As more individuals enter the middle-income bracket, they have greater purchasing power and seek affordable transportation options. Scooters, with their relatively lower price tags and lower maintenance costs compared to cars, fulfill this demand for affordable mobility. The urbanization trend also plays a role, as more people move to cities and require efficient modes of transportation for their daily commutes. In conclusion, the Scooters market in Republic of the Congo is witnessing growth due to changing customer preferences, emerging trends, and local special circumstances. The increasing demand for scooters, particularly electric scooters, can be attributed to their affordability, fuel efficiency, and convenience. The popularity of scooter-sharing services and the infrastructural challenges in the country further contribute to the market's expansion. Additionally, the growing middle class and urbanization rates in Republic of the Congo drive the demand for affordable transportation options, making scooters an attractive choice for many consumers.

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.