Scooters - Zimbabwe

Zimbabwe

Highlights

In Zimbabwe, the revenue in the Scooters market is projected to reach US$6.93m in 2024.
This marks a significant growth in the market.
Furthermore, the revenue is expected to exhibit an annual growth rate (CAGR 2024-2029) of 6.72%.
This steady increase in revenue will contribute to a projected market volume of US$9.60m by 2029.
Looking specifically at unit sales, it is anticipated that the Scooters market will reach 8.54k motorcyles units sold in 2029.
This demonstrates the growing demand for Scooters market in the country.
When considering the pricing aspect, the volume weighted average price of the Scooters market in 2024 is expected to be US$1.12k.
This indicates the price point at which the Scooters market are being sold in the market.
From an international perspective, it is noteworthy to mention that India is projected to generate the highest revenue in the Scooters market.
In 2024, India is expected to generate a revenue of US$10.62bn.
This emphasizes the significance of the Indian market in the global scooter industry.
Zimbabwe's scooter market is witnessing a surge in demand due to rising fuel costs and the need for affordable transportation options.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Scooters market in Zimbabwe has been experiencing significant growth in recent years, driven by changing customer preferences, emerging trends in the market, local special circumstances, and underlying macroeconomic factors. Customer preferences in Zimbabwe have been shifting towards more affordable and efficient modes of transportation, which has contributed to the rising demand for scooters. Scooters offer a cost-effective alternative to cars and motorcycles, making them a popular choice among budget-conscious consumers. Additionally, scooters are known for their fuel efficiency, making them an attractive option for those looking to save on transportation costs. Trends in the market also play a crucial role in the development of the Scooters market in Zimbabwe. One notable trend is the increasing popularity of electric scooters. With the growing concern for environmental sustainability, many consumers are opting for electric scooters as a greener alternative to traditional gasoline-powered scooters. The availability of electric scooters in the market has expanded, offering consumers a wider range of options to choose from. Local special circumstances in Zimbabwe have further contributed to the growth of the Scooters market. The country's urban areas are characterized by heavy traffic congestion, making scooters a practical and efficient mode of transportation. Scooters allow commuters to navigate through congested streets more easily, saving time and reducing frustration. Additionally, the compact size of scooters makes them ideal for navigating narrow roads and crowded parking spaces, which are common in urban areas. Underlying macroeconomic factors have also played a role in the development of the Scooters market in Zimbabwe. The country has experienced economic challenges in recent years, with high unemployment rates and limited disposable income. As a result, many consumers are seeking more affordable transportation options, and scooters provide a cost-effective solution. The relatively low cost of scooters, both in terms of purchase price and maintenance, makes them a viable option for a wide range of consumers. In conclusion, the Scooters market in Zimbabwe is experiencing growth due to changing customer preferences, emerging trends in the market, local special circumstances, and underlying macroeconomic factors. The demand for more affordable and efficient modes of transportation, such as scooters, has driven the market's development. The increasing popularity of electric scooters, the practicality of scooters in congested urban areas, and the affordability of scooters in the face of economic challenges have all contributed to the growth of the market.

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.