Key regions: United States, Brazil, Spain, Indonesia, Portugal
The Scooters market in Southern Asia is experiencing significant growth and development due to several factors. Customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors are all contributing to the expansion of the Scooters market in this region. Customer preferences in Southern Asia are shifting towards more environmentally friendly modes of transportation. Scooters provide a convenient and cost-effective solution for short-distance travel, especially in densely populated urban areas. Additionally, the younger generation is increasingly embracing scooters as a trendy and fashionable means of transportation. The ease of maneuverability and lower maintenance costs of scooters also make them an attractive option for many consumers in the region. Trends in the Scooters market in Southern Asia are largely influenced by the global market. The rise of electric scooters is a prominent trend in the region, as consumers seek eco-friendly alternatives to traditional gasoline-powered scooters. The increasing availability of electric scooters and the development of charging infrastructure are driving the adoption of electric scooters in Southern Asia. Furthermore, technological advancements in scooter design, such as improved battery life and connectivity features, are also contributing to the growth of the market. Local special circumstances in Southern Asia, such as traffic congestion and limited parking spaces, further drive the demand for scooters. Scooters offer a practical solution for navigating through congested cities and finding parking in crowded areas. The compact size of scooters makes them well-suited for weaving through traffic and finding parking in tight spaces, which is particularly appealing in the context of Southern Asian cities. Underlying macroeconomic factors also play a role in the development of the Scooters market in Southern Asia. Rapid urbanization and economic growth in the region have led to an increase in disposable income and a growing middle class. As a result, more people can afford to purchase scooters as a means of transportation. Additionally, government initiatives to promote clean and sustainable transportation, such as subsidies for electric vehicles, are further driving the demand for scooters in the region. In conclusion, the Scooters market in Southern Asia is experiencing growth and development due to customer preferences for environmentally friendly transportation, global trends in the market, local special circumstances, and underlying macroeconomic factors. The increasing adoption of scooters, particularly electric scooters, is reshaping the transportation landscape in the region. As urbanization and economic growth continue, the Scooters market in Southern Asia is expected to further expand 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.
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