Scooters - Sweden

Sweden

In 2024, the projected revenue in the Scooters market in Sweden is expected to reach US$8.75m.
Looking ahead, there is an anticipated annual growth rate (CAGR 2024-2029) of 1.18%, which would result in a projected market volume of US$9.28m by 2029.
As for unit sales, it is expected that 1.46k motorcyles Scooters market will be sold in 2029.
Furthermore, the volume weighted average price of the Scooters market in Sweden in 2024 is projected to be US$6.17k.
Taking an international perspective, it is worth noting that in 2024, the highest revenue is expected to be generated India, amounting to US$10,620.00m.
The demand for electric scooters in Sweden has surged due to the country's strong environmental consciousness and well-developed infrastructure for alternative transportation.

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

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Analyst Opinion

The Scooters market in Sweden has experienced significant growth in recent years, driven by changing customer preferences and favorable local circumstances.

Customer preferences: One of the main reasons for the growth of the Scooters market in Sweden is the increasing demand for environmentally friendly transportation options. As the country continues to prioritize sustainability and reduce carbon emissions, more consumers are opting for scooters as a greener alternative to traditional modes of transportation. Scooters offer a convenient and efficient way to travel short distances, especially in urban areas, where congestion and limited parking spaces are common issues.

Trends in the market: The Scooters market in Sweden has witnessed a surge in popularity due to the rise of electric scooters. Electric scooters are not only eco-friendly but also offer a quieter and smoother ride compared to their gasoline-powered counterparts. This trend is in line with the global shift towards electric mobility, driven by advancements in battery technology and growing concerns about air pollution. Another trend in the Scooters market in Sweden is the increasing adoption of scooter-sharing services. These services provide a cost-effective and flexible transportation option for consumers who do not want to own a scooter. With the availability of smartphone apps, users can easily locate and unlock scooters for short-term rentals. This trend has gained traction in urban areas, where there is a high demand for last-mile transportation solutions.

Local special circumstances: Sweden's well-developed infrastructure and bike-friendly cities have contributed to the growth of the Scooters market. The country has an extensive network of bike lanes and dedicated paths, making it easy and safe for scooter riders to navigate through urban areas. Additionally, the Swedish government has implemented policies to support the adoption of electric vehicles, including scooters, by offering incentives such as tax breaks and subsidies.

Underlying macroeconomic factors: The Scooters market in Sweden has also been influenced by macroeconomic factors. The country has a strong economy and high disposable income levels, which have increased consumers' purchasing power. As a result, more individuals are able to afford scooters and are willing to invest in sustainable transportation options. Furthermore, the growing urbanization and population density in Sweden have created a need for efficient and convenient modes of transportation. Scooters offer a practical solution for short-distance travel, particularly in congested urban areas where parking is limited and public transportation may not provide door-to-door connectivity. In conclusion, the Scooters market in Sweden has experienced significant growth due to changing customer preferences, including the demand for environmentally friendly transportation options. The rise of electric scooters and the adoption of scooter-sharing services have contributed to this growth. Sweden's well-developed infrastructure, bike-friendly cities, and supportive government policies have also played a significant role. Additionally, underlying macroeconomic factors such as a strong economy and high disposable income levels have increased consumers' ability to afford scooters and invest in sustainable transportation options.

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.