Scooters - Switzerland

Switzerland

The projected revenue in the Scooters market in Switzerland is expected to reach US$38.27m in 2024.
This is based on the anticipated annual growth rate of 2.75% (CAGR 2024-2029), which is expected to result in a projected market volume of US$43.84m by 2029.
In terms of unit sales, it is projected that in Switzerland will reach 7.78k motorcyles scooter sales by 2029.
The volume weighted average price of Scooters market in Switzerland in 2024 is expected to amount to US$5.64k.
From an international perspective, it is evident that India will generate the highest revenue in the Scooters market, with an estimated amount of US$10,620.00m in 2024.
The demand for electric scooters in Switzerland has been steadily increasing, as the country focuses on sustainability and environmentally-friendly transportation options.

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

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Analyst Opinion

The Scooters market in Switzerland has seen significant growth in recent years, driven by changing customer preferences and favorable market trends.

Customer preferences: Switzerland has a strong culture of environmental consciousness and sustainability, which has contributed to the increasing popularity of scooters. Consumers are increasingly looking for eco-friendly transportation options that can help reduce their carbon footprint. Scooters, with their low emissions and energy-efficient design, have emerged as a preferred choice for many Swiss consumers. Additionally, scooters offer convenience and flexibility, particularly in urban areas where traffic congestion is a common issue. The compact size and maneuverability of scooters make them ideal for navigating through crowded city streets and finding parking spaces easily.

Trends in the market: One of the key trends in the Swiss scooter market is the growing demand for electric scooters. With advancements in battery technology and the availability of charging infrastructure, electric scooters have become a viable alternative to traditional gasoline-powered scooters. Electric scooters offer several advantages, including lower operating costs, reduced noise pollution, and zero emissions. As a result, more consumers are opting for electric scooters as their preferred mode of transportation. Another trend in the market is the increasing popularity of shared scooters. Shared mobility services, such as scooter-sharing platforms, have gained traction in Switzerland, especially in urban areas. These platforms allow users to rent scooters for short trips, providing a convenient and cost-effective transportation solution. The rise of shared scooters has been fueled by the growing popularity of the sharing economy and the increasing demand for flexible mobility options.

Local special circumstances: Switzerland's well-developed infrastructure, including an extensive network of bicycle lanes and dedicated scooter parking spaces, has created a favorable environment for scooters. The country's compact size and efficient public transportation system also make scooters a practical choice for short-distance commuting. Additionally, the Swiss government has implemented policies and incentives to promote the use of electric vehicles, including scooters. These measures, such as subsidies and tax incentives, have further encouraged the adoption of electric scooters in the country.

Underlying macroeconomic factors: Switzerland has a strong economy and high disposable income levels, which have contributed to the growth of the scooter market. The country's stable political environment and high standard of living make it an attractive market for scooter manufacturers and retailers. Additionally, the Swiss government's focus on sustainable development and reducing carbon emissions aligns with the increasing demand for eco-friendly transportation options, including scooters. These underlying macroeconomic factors, combined with changing customer preferences and favorable market trends, have created a conducive environment for the growth of the scooter market in Switzerland.

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.