Scooters - Southern Africa

Southern Africa

Highlights

The Scooters market in Southern Africa is anticipated to observe a significant increase in revenue, projected to reach US$9.06m in 2024.
This growth is expected to continue with an annual growth rate (CAGR 2024-2029) of 4.10%, resulting in a projected market volume of US$11.07m by 2029.
Furthermore, the unit sales of Scooters market in the region are predicted to reach 9.65k motorcyles by 2029.
In terms of pricing, the volume-weighted average price of Scooters market in 2024 is expected to be US$1.11k.
When considering the global market, it is worth noting that India is expected to generate the highest revenue, amounting to US$10.62bn in 2024.
The demand for electric scooters in Southern Africa is rapidly increasing due to rising concerns about air pollution and a growing emphasis on sustainable transportation.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Scooters market in Southern Africa is experiencing significant growth and development. Customer preferences in the Scooters market in Southern Africa are shifting towards more fuel-efficient and environmentally friendly transportation options. With rising concerns about climate change and increasing fuel prices, consumers are looking for alternatives to traditional gasoline-powered vehicles. Scooters offer a cost-effective and convenient mode of transportation, especially in urban areas with heavy traffic congestion. Additionally, scooters are popular among younger consumers who value their compact size and easy maneuverability. Trends in the Scooters market in Southern Africa include the introduction of electric scooters. As technology continues to advance, electric scooters are becoming more affordable and accessible to a wider range of consumers. These scooters offer several advantages over traditional gasoline-powered models, including lower operating costs and reduced emissions. As a result, the demand for electric scooters is expected to continue to grow in the region. Another trend in the Scooters market in Southern Africa is the increasing availability of scooters for rental purposes. This trend is driven by the rise of ride-sharing and scooter-sharing services, which provide a convenient and cost-effective transportation option for short distances. These services are particularly popular among tourists and urban dwellers who prefer not to own a scooter but still want the flexibility of using one when needed. Local special circumstances in Southern Africa, such as the lack of reliable public transportation systems in some areas, contribute to the growth of the Scooters market. In many cities, public transportation options are limited, and the existing infrastructure is often inadequate to meet the growing demand. Scooters provide an alternative mode of transportation that is not dependent on the availability of public transportation. Underlying macroeconomic factors also play a role in the development of the Scooters market in Southern Africa. Economic growth and rising disposable incomes in the region have increased consumer purchasing power, making scooters more affordable and accessible to a larger segment of the population. Additionally, the growing urbanization and expansion of cities in Southern Africa have led to increased traffic congestion, further driving the demand for scooters as a practical and efficient mode of transportation. In conclusion, the Scooters market in Southern Africa is experiencing growth and development due to changing customer preferences, the introduction of electric scooters, the availability of scooters for rental purposes, local special circumstances, and underlying macroeconomic factors. As consumers in the region seek more fuel-efficient and environmentally friendly transportation options, the demand for scooters is expected to continue to rise.

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.