Scooters - Serbia

Serbia

In 2025, the projected revenue in the Scooters market in Serbia is expected to reach US$6.61m.
Looking ahead, the revenue is expected to show an annual growth rate (CAGR 2025-2029) of 2.27%.
This growth will result in a projected market volume of US$7.23m by 2029.
Furthermore, the unit sales in the Scooters market are expected to reach 2.50k motorcyles in 2029.
The volume weighted average price of the Scooters market in Serbia is projected to be US$2.78k in 2025.
When considering the international perspective, it is evident that the highest revenue will be generated India, with an estimated amount of US$10,690.00m in 2025.
Serbia's scooter market is experiencing a surge in demand due to the country's growing urbanization and increasing emphasis on sustainable transportation.

Key regions: United States, Brazil, Spain, Indonesia, Portugal

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Analyst Opinion

The Scooters market in Serbia is experiencing significant growth and development in recent years.

Customer preferences: Customers in Serbia are increasingly opting for scooters as their preferred mode of transportation. This can be attributed to several factors. Firstly, scooters are more affordable compared to cars and motorcycles, making them accessible to a wider range of consumers. Additionally, scooters are fuel-efficient and require less maintenance, which is particularly appealing to cost-conscious consumers. Furthermore, the compact size of scooters makes them ideal for navigating through congested urban areas, where traffic congestion is a common issue.

Trends in the market: One of the key trends in the Scooters market in Serbia is the growing demand for electric scooters. As the global trend towards sustainability and environmental consciousness gains momentum, Serbian consumers are also embracing eco-friendly alternatives. Electric scooters offer zero-emission transportation, reducing the carbon footprint and contributing to cleaner air quality. This trend is further supported by the availability of government incentives and subsidies for electric vehicles, making them more affordable for consumers. Another trend in the Scooters market is the increasing popularity of scooter-sharing services. This trend is driven by the rise of the sharing economy and the convenience it offers to consumers. Scooter-sharing services provide a cost-effective and flexible transportation option, particularly for short-distance travel within urban areas. The availability of smartphone applications for booking and unlocking scooters has further facilitated the growth of this market segment.

Local special circumstances: Serbia's urban areas, particularly the capital city of Belgrade, are characterized by heavy traffic congestion. This has led to an increased demand for alternative modes of transportation, such as scooters. Scooters offer a practical solution for navigating through congested streets and reaching destinations more efficiently. Additionally, the compact size of scooters allows for easier parking in crowded areas, further enhancing their appeal to urban dwellers.

Underlying macroeconomic factors: Serbia has experienced steady economic growth in recent years, which has contributed to the increasing purchasing power of consumers. This has enabled more individuals to afford scooters as a means of transportation. Furthermore, improvements in infrastructure, such as the expansion of road networks and the development of dedicated bicycle lanes, have made commuting by scooter safer and more convenient. In conclusion, the Scooters market in Serbia is witnessing significant growth and development. Customer preferences for affordable, fuel-efficient, and compact transportation options have driven the demand for scooters. The increasing popularity of electric scooters and scooter-sharing services reflects the global trends towards sustainability and the sharing economy. Local special circumstances, such as traffic congestion in urban areas, have further contributed to the growth of the Scooters market. The underlying macroeconomic factors, including economic growth and infrastructure improvements, have also played a role in shaping the market dynamics.

Methodology

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.