Scooters - Romania

Romania

Highlights

In Romania, the revenue in the Scooters market is projected to reach US$1.32m in 2024.
This represents a significant market opportunity for the country.
Furthermore, it is expected that the revenue will show an annual growth rate (CAGR 2024-2029) of 11.44%, resulting in a projected market volume of US$2.27m by 2029.
This indicates a positive trend for the Scooters market in Romania.
In terms of unit sales, it is anticipated that the Scooters market will reach 769.00motorcyles units in 2029.
This demonstrates the potential demand for Scooters market in the country.
Additionally, the volume weighted average price of the Scooters market in 2024 is projected to amount to US$2.76k.
This provides insight into the pricing dynamics within the market.
From an international perspective, it is notable that India is expected to generate the most revenue in the Scooters market, with US$10.62bn in 2024.
This highlights the global significance of the Indian market and its potential impact on the overall industry.
Overall, the Scooters market in Romania presents a promising market opportunity, with projected revenue growth and favorable market dynamics.
The country should continue to monitor and capitalize on these trends to further develop and strengthen its position in the Scooters market.
The popularity of electric scooters in Romania has surged in recent years, thanks to their affordability and eco-friendly nature.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Scooters market in Romania has been experiencing significant growth in recent years. Customer preferences have shifted towards more eco-friendly and cost-effective transportation options, leading to an increased demand for scooters. Additionally, several trends in the market have contributed to this growth.

Customer preferences: Customers in Romania are increasingly opting for scooters as their preferred mode of transportation. This can be attributed to the numerous benefits that scooters offer. Scooters are compact and easy to maneuver, making them ideal for navigating through crowded city streets. They also provide a more cost-effective alternative to cars, as they require less fuel and maintenance. Furthermore, scooters are considered to be more environmentally friendly, as they produce fewer emissions compared to traditional vehicles.

Trends in the market: One of the key trends in the scooters market in Romania is the growing popularity of electric scooters. With the increasing focus on sustainability and reducing carbon emissions, electric scooters have gained traction among consumers. These scooters are powered by rechargeable batteries, eliminating the need for gasoline and reducing air pollution. The availability of charging infrastructure and government incentives for electric vehicles have further fueled the demand for electric scooters. Another trend in the market is the rise of scooter sharing services. These services provide an affordable and convenient transportation option for short distances. Users can rent a scooter for a specified period of time and pay a fee based on usage. This trend has gained popularity in urban areas where traffic congestion is a major issue. Scooter sharing services not only offer a convenient mode of transportation but also help alleviate traffic congestion and reduce carbon emissions.

Local special circumstances: Romania has a rapidly developing urban landscape, with several cities experiencing population growth and an increase in the number of vehicles on the road. This has led to an increased demand for alternative transportation options, such as scooters. The compact size and maneuverability of scooters make them well-suited for navigating through crowded city streets and finding parking in densely populated areas.

Underlying macroeconomic factors: The growth of the scooters market in Romania can also be attributed to favorable macroeconomic factors. The country has experienced steady economic growth in recent years, leading to an increase in disposable income. As a result, consumers have more purchasing power and are able to afford scooters as a means of transportation. Additionally, the government has implemented policies and incentives to promote the use of electric vehicles, further driving the demand for scooters. In conclusion, the Scooters market in Romania is experiencing significant growth due to changing customer preferences, emerging market trends, local special circumstances, and favorable macroeconomic factors. The shift towards more eco-friendly and cost-effective transportation options, such as scooters, is expected to continue 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.