Scooters - Uzbekistan

Uzbekistan

In 2024, it is projected that the revenue in the Scooters market in Uzbekistan will reach US$7.75m.
Looking ahead, the revenue is expected to exhibit an annual growth rate (CAGR 2024-2029) of 3.06%, resulting in a projected market volume of US$9.01m by 2029.
Moreover, it is anticipated that the unit sales in the Scooters market will reach 4.26k motorcyles in 2029.
As for the volume weighted average price of the Scooters market in 2024, it is expected to amount to US$2.01k in Uzbekistan som.
From an international standpoint, it is worth noting that India is projected to generate the highest revenue in the Scooters market, amounting to US$10,620.00m in 2024.
The demand for electric scooters in Uzbekistan is surging, driven by the country's push towards sustainability and the need for efficient urban transportation.

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

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Analyst Opinion

The Scooters market in Uzbekistan is experiencing significant growth and development. Customer preferences are shifting towards more eco-friendly and cost-effective transportation options, leading to an increase in demand for scooters. Additionally, local special circumstances and underlying macroeconomic factors are contributing to the growth of the market.

Customer preferences: Customer preferences in Uzbekistan are driving the growth of the Scooters market. With increasing awareness about environmental issues and the need for sustainable transportation solutions, consumers are opting for scooters as a greener alternative to traditional vehicles. Scooters offer lower fuel consumption and reduced emissions, making them an attractive option for eco-conscious customers. Furthermore, scooters are more affordable compared to cars or motorcycles, making them an appealing choice for cost-conscious consumers.

Trends in the market: The Scooters market in Uzbekistan is witnessing several trends. Firstly, there is a growing demand for electric scooters. With advancements in battery technology and increased availability of charging infrastructure, electric scooters are becoming more practical and convenient. These scooters offer zero emissions and lower operating costs, making them highly desirable for customers. Secondly, there is a trend towards compact and lightweight scooters. As urban areas become more congested, customers are looking for smaller scooters that are easier to maneuver and park in tight spaces. This trend is driven by the need for efficient transportation solutions in crowded city centers.

Local special circumstances: Uzbekistan has a unique set of circumstances that contribute to the growth of the Scooters market. The country has a young population with a high proportion of urban dwellers. Younger consumers, in particular, are more open to adopting new and innovative transportation solutions, including scooters. Additionally, the government has implemented policies and incentives to promote the use of electric vehicles, including scooters. This has created a favorable environment for the growth of the Scooters market in Uzbekistan.

Underlying macroeconomic factors: Several macroeconomic factors are driving the growth of the Scooters market in Uzbekistan. The country has experienced steady economic growth in recent years, leading to an increase in disposable income. As a result, more consumers have the financial means to purchase scooters as a mode of transportation. Furthermore, rising fuel prices have made scooters a more attractive option for cost-conscious consumers. The affordability and fuel efficiency of scooters make them a practical choice for everyday commuting, especially in urban areas with heavy traffic congestion. In conclusion, the Scooters market in Uzbekistan is developing due to changing customer preferences, local special circumstances, and underlying macroeconomic factors. The shift towards eco-friendly and cost-effective transportation options, such as scooters, is driving the growth of the market. With a young population, government incentives, and favorable macroeconomic conditions, the Scooters market in Uzbekistan is poised for further expansion in the coming years.

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.