Scooters - Russia | Statista Market Forecast

Scooters - Russia

Russia

Highlights

In 2024, the projected revenue in the Scooters market in Russia is expected to reach US$67.03m.
This segment is also expected to show an annual growth rate (CAGR 2024-2029) of 36.73%, resulting in a projected market volume of US$320.40m by 2029.
By 2029, the unit sales of Scooters market in Russia are expected to reach 28.67k motorcyles.
Additionally, the volume weighted average price of the Scooters market in 2024 is projected to be US$10.85k.
In terms of international comparison, it is worth noting that India is expected to generate the highest revenue, reaching US$10.62bn in 2024.
The demand for electric scooters in Russia is rapidly rising as consumers seek more environmentally friendly transportation options.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Scooters market in Russia has been experiencing significant growth in recent years.

Customer preferences: Russian consumers are increasingly opting for scooters as a convenient and cost-effective mode of transportation. Scooters are particularly popular among urban dwellers, who value their compact size, ease of maneuverability, and ability to navigate through heavy traffic. Additionally, scooters are seen as a stylish and trendy alternative to traditional modes of transportation, appealing to younger demographics.

Trends in the market: One of the key trends in the Russian scooters market is the rising demand for electric scooters. As environmental concerns gain traction, consumers are becoming more conscious of their carbon footprint and are seeking greener transportation options. Electric scooters offer an eco-friendly alternative to conventional petrol-powered scooters, and their popularity is expected to continue to grow in the coming years. Another trend in the market is the increasing availability and variety of scooter models. Both domestic and international scooter manufacturers are expanding their product portfolios to cater to the diverse needs and preferences of Russian consumers. This includes a wide range of designs, colors, and features, allowing consumers to choose a scooter that aligns with their individual style and requirements.

Local special circumstances: The unique geography and infrastructure of Russia play a role in shaping the scooters market. With its vast land area and diverse terrain, scooters are well-suited for navigating through congested city streets as well as rural areas. The compact size of scooters allows for easy maneuverability in tight spaces, making them an ideal choice for crowded urban environments. Additionally, the relatively low cost of scooters compared to cars makes them an attractive option for budget-conscious consumers.

Underlying macroeconomic factors: The growing scooters market in Russia can be attributed to several macroeconomic factors. Firstly, the improving economic conditions in the country have resulted in increased disposable income, allowing consumers to afford personal transportation options such as scooters. Additionally, the rise of e-commerce has made it easier for consumers to purchase scooters online, further driving market growth. Lastly, government initiatives promoting the use of electric vehicles and the development of charging infrastructure have also contributed to the increasing demand for electric scooters in Russia. In conclusion, the Scooters market in Russia is experiencing significant growth due to customer preferences for convenient and cost-effective transportation options, the rising demand for electric scooters, the increasing availability and variety of scooter models, the unique geography and infrastructure of the country, and underlying macroeconomic factors such as improving economic conditions and government initiatives.

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.