Scooters - United States

United States

In 2024, the projected revenue in the Scooters market in the United States is expected to reach US$162.60m.
This market is anticipated to experience a compound annual growth rate (CAGR 2024-2029) of 3.83%, leading to a projected market volume of US$196.20m by 2029.
It is estimated that unit sales in the Scooters market will reach 31.50k motorcyles in 2029.
The volume weighted average price of Scooters market in the United States is expected to be US$6.05k in 2024.
From an international perspective, India is projected to generate the highest revenue in the Scooters market, amounting to US$10,620.00m in 2024.
The United States has seen a surge in demand for electric scooters, with cities implementing scooter-sharing programs to meet the growing transportation needs of urban dwellers.

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

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Analyst Opinion

The Scooters market in United States has been experiencing significant growth in recent years, driven by changing customer preferences and local special circumstances.

Customer preferences: Customers in United States have shown a growing preference for scooters due to their convenience, affordability, and environmental friendliness. Scooters provide a cost-effective and efficient mode of transportation, especially for short distances in congested urban areas. With increasing concerns about pollution and traffic congestion, more people are opting for scooters as a sustainable alternative to cars. Additionally, the compact size and maneuverability of scooters make them ideal for navigating through crowded city streets and finding parking spaces.

Trends in the market: One of the key trends in the Scooters market in United States is the rise of electric scooters. Electric scooters offer several advantages over traditional scooters, including zero emissions, quieter operation, and lower maintenance costs. This trend is driven by the increasing focus on sustainability and the adoption of clean energy solutions. Many scooter manufacturers are now offering electric scooter models to cater to this growing demand. Another trend in the market is the emergence of scooter sharing services. Companies like Bird and Lime have introduced dockless electric scooters for rent in major cities across United States. These scooter sharing services have gained popularity among commuters and tourists, as they provide a convenient and affordable transportation option. The ease of renting a scooter through a smartphone app has made it even more accessible to a wide range of customers.

Local special circumstances: The Scooters market in United States has been further fueled by local special circumstances. The high cost of car ownership, including fuel, insurance, and parking fees, has led many people to seek alternative transportation options. Scooters offer a cost-effective solution, as they require less maintenance and have lower operating costs compared to cars. Additionally, the increasing traffic congestion in urban areas has made scooters a popular choice for avoiding gridlock and reaching destinations faster.

Underlying macroeconomic factors: The growth of the Scooters market in United States is also influenced by underlying macroeconomic factors. The strong economy and low unemployment rate have increased disposable income levels, allowing more people to afford scooters. Furthermore, government initiatives and incentives to promote clean energy and reduce carbon emissions have encouraged the adoption of electric scooters. These factors, combined with changing customer preferences and local special circumstances, have created a favorable environment for the growth of the Scooters market in United States.

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.