Scooters - Ukraine

Ukraine

Highlights

The projected revenue for the Scooters market in Ukraine is expected to reach US$2.31m in 2024.
It is anticipated that the revenue will experience an annual growth rate (CAGR 2024-2029) of 4.31%, leading to a projected market volume of US$2.86m by 2029.
In 2029, it is estimated that the unit sales for the Scooters market will reach 1.91k motorcyles.
The volume weighted average price of the Scooters market in Ukraine in 2024 is expected to be US$1.38k.
From an international perspective, it is evident that India is anticipated to generate the highest revenue, amounting to US$10.62bn in 2024.
Electric scooters are gaining popularity in Ukraine as a convenient and eco-friendly mode of transportation in urban areas.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Scooters market in Ukraine has been experiencing significant growth in recent years.

Customer preferences: Customers in Ukraine are increasingly turning to scooters as a convenient and cost-effective mode of transportation. Scooters offer a practical solution for navigating through congested urban areas, where traffic can often be a challenge. In addition, scooters are known for their fuel efficiency, making them an attractive option for cost-conscious consumers. Moreover, the compact size of scooters makes them easy to park and maneuver in crowded city streets, which is another key factor driving their popularity.

Trends in the market: One of the key trends in the Scooters market in Ukraine is the increasing demand for electric scooters. As environmental concerns continue to rise, more consumers are opting for eco-friendly alternatives to traditional gasoline-powered scooters. Electric scooters offer a clean and sustainable mode of transportation, with zero emissions and lower operating costs. This trend is in line with the global shift towards electric vehicles and reflects the growing awareness of sustainability among Ukrainian consumers. Another trend in the market is the rise of scooter-sharing services. Similar to bike-sharing programs, scooter-sharing services have gained traction in Ukraine's major cities. These services allow users to rent scooters for short periods, providing a convenient and flexible transportation option. The popularity of scooter-sharing services can be attributed to the increasing popularity of ride-sharing and the growing demand for on-demand mobility solutions.

Local special circumstances: Ukraine's urban areas are characterized by heavy traffic congestion and limited parking spaces, which makes scooters an ideal choice for many consumers. The compact size and maneuverability of scooters allow riders to navigate through traffic more easily and find parking in crowded areas. Additionally, the relatively low cost of scooters compared to cars makes them an affordable option for many Ukrainians, especially in a country where the average income levels are lower compared to Western European countries.

Underlying macroeconomic factors: The growth of the Scooters market in Ukraine can also be attributed to favorable macroeconomic factors. The country has experienced steady economic growth in recent years, which has resulted in an increase in disposable income levels. As a result, more consumers have the financial means to invest in personal transportation options such as scooters. Furthermore, the government has implemented policies to support the development of the electric vehicle market, including subsidies and incentives for electric scooter purchases. These factors have contributed to the overall growth and development of the Scooters market in Ukraine.

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.