Scooters - Americas

Americas

In 2024, the projected revenue in the Scooters market in the Americas is estimated to reach €2.10bn.
This market is expected to demonstrate a compound annual growth rate (CAGR 2024-2029) of 5.77%, resulting in a projected market volume of €2.78bn by 2029.
By that year, it is anticipated that the unit sales in the Scooters market will reach 1.34m motorcyles.
The volume weighted average price for Scooters market in 2024 is expected to be €2.00k.
It is worth noting that from an international perspective, India is projected to generate the highest revenue in the Scooters market, with €9,744.00m in 2024.
The popularity of electric scooters is rapidly growing in the Americas, with cities like Los Angeles and New York leading the way in scooter-sharing programs.

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

Mercado

Región

Comparación de regiones

Moneda

Analyst Opinion

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

Customer preferences: Customers in the Americas have shown a strong preference for scooters due to their convenience and affordability. Scooters are seen as a practical mode of transportation for short distances, especially in urban areas where traffic congestion is a common problem. Additionally, scooters are favored by younger consumers who are looking for a more environmentally friendly alternative to traditional vehicles.

Trends in the market: One of the key trends in the Scooters market in Americas is the increasing popularity of electric scooters. As environmental concerns continue to grow, more customers are opting for electric scooters as they are seen as a greener alternative to traditional gasoline-powered scooters. This trend is driven by both consumer demand and government regulations that promote the use of electric vehicles. Another trend in the market is the rise of scooter-sharing services. These services, which allow customers to rent scooters for short periods of time, have gained popularity in many cities across the Americas. This trend is fueled by the increasing popularity of shared mobility services and the convenience they offer to customers.

Local special circumstances: The Scooters market in Americas is influenced by local factors such as infrastructure and regulations. In some cities, the lack of proper infrastructure for scooters, such as dedicated lanes or parking spaces, can be a barrier to market growth. Additionally, regulations regarding the use of scooters vary from country to country and even within different states or provinces, which can impact the market dynamics.

Underlying macroeconomic factors: The growth of the Scooters market in Americas is also influenced by underlying macroeconomic factors. Economic stability and disposable income levels play a significant role in determining customer purchasing power and affordability of scooters. In countries with a strong economy and high disposable income, customers are more likely to consider purchasing a scooter as a mode of transportation. Overall, the Scooters market in Americas is driven by customer preferences for convenience and affordability, with electric scooters and scooter-sharing services emerging as key trends. However, the market is also influenced by local factors such as infrastructure and regulations, as well as underlying macroeconomic factors. As these factors continue to evolve, the Scooters market in Americas is expected to experience further growth 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.