Scooters - Tanzania

Tanzania

Highlights

In Tanzania, the revenue in the Scooters market is projected to reach US$56.31m in 2024.
It is expected to show an annual growth rate (CAGR 2024-2029) of 0.46%, resulting in a projected market volume of US$57.61m by 2029.
The unit sales in the Scooters market are expected to reach 48.80k motorcyles in 2029.
The volume weighted average price of the Scooters market in 2024 is expected to amount to US$1.14k.
From an international perspective, it is evident that the most revenue will be generated India, with US$10.62bn in 2024.
Tanzania's scooter market is experiencing a surge in demand as the population seeks affordable and efficient transportation options in urban areas.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Scooters market in Tanzania is experiencing significant growth and development.

Customer preferences: Customers in Tanzania are increasingly opting for scooters as a convenient and cost-effective mode of transportation. Scooters are popular among both urban and rural dwellers due to their affordability, fuel efficiency, and ease of maneuverability in congested traffic conditions. Additionally, scooters are seen as a stylish and trendy mode of transportation, appealing to younger demographics.

Trends in the market: One of the key trends in the Scooters market in Tanzania is the increasing demand for electric scooters. As the country strives to reduce its carbon footprint and promote sustainable transportation, electric scooters provide an environmentally friendly alternative to traditional petrol-powered scooters. The government has also introduced incentives and subsidies to encourage the adoption of electric vehicles, further driving the demand for electric scooters in the market. Another trend in the market is the rise of scooter-sharing services. Similar to bike-sharing services, scooter-sharing platforms have gained popularity in urban areas of Tanzania. These services allow customers to rent scooters for short durations, providing a convenient and affordable transportation option for short trips. The convenience of scooter-sharing services, coupled with the growing popularity of ride-hailing apps, has contributed to the increasing demand for scooters in the market.

Local special circumstances: Tanzania's rapid urbanization and population growth have resulted in increased traffic congestion in major cities. As a result, there is a growing need for alternative modes of transportation that can navigate through heavy traffic and offer quicker commute times. Scooters, with their compact size and ability to maneuver through congested roads, are well-suited to meet this demand. Additionally, the affordability of scooters makes them an attractive option for individuals who cannot afford cars or rely on public transportation.

Underlying macroeconomic factors: Tanzania's growing economy and rising disposable incomes have contributed to the development of the Scooters market. As more individuals enter the middle class, there is an increased demand for personal transportation options. Scooters provide an affordable and convenient solution for individuals looking to commute to work or run errands. Furthermore, the government's focus on infrastructure development, particularly in the transportation sector, has improved road connectivity and accessibility. This has created opportunities for scooter manufacturers and distributors to expand their reach and cater to a larger customer base. In conclusion, the Scooters market in Tanzania is witnessing significant growth and development due to customer preferences for affordable and convenient transportation options, the rise of electric scooters and scooter-sharing services, local special circumstances such as traffic congestion, and underlying macroeconomic factors such as economic growth and improved infrastructure.

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.