Scooters - Belgium

Belgium

In 2024, the projected revenue in the Scooters market in Belgium is expected to reach €18.22m.
This market segment is anticipated to show a steady annual growth rate of 1.89% from 2024 to 2029, resulting in a projected market volume of €20.01m by 2029.
By 2029, it is estimated that the unit sales in the Scooters market will reach 4.87k motorcyles.
The volume weighted average price of Scooters market in Belgium is expected to be €4.14k in 2024.
When considering the international perspective, it is worth noting that India is projected to generate the highest revenue in the Scooters market, with a staggering amount of €9,744.00m in 2024.
The popularity of electric scooters is rapidly growing in Belgium, with an increasing number of people opting for eco-friendly and convenient transportation solutions.

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

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Comparación de regiones

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Analyst Opinion

The Scooters market in Belgium is experiencing steady growth due to increasing customer preferences for eco-friendly and cost-effective transportation options.

Customer preferences: Customers in Belgium are increasingly opting for scooters as a mode of transportation due to their convenience, affordability, and environmental benefits. Scooters are compact and easy to maneuver, making them ideal for navigating through crowded urban areas. Additionally, scooters are fuel-efficient and emit fewer greenhouse gases compared to traditional cars, aligning with the growing demand for sustainable transportation options.

Trends in the market: One of the key trends in the Belgian Scooters market is the rising popularity of electric scooters. With the increasing emphasis on environmental sustainability, many customers are choosing electric scooters over traditional gasoline-powered ones. Electric scooters offer zero-emission transportation, reducing air pollution and contributing to a cleaner environment. Furthermore, advancements in battery technology have improved the range and performance of electric scooters, making them a viable alternative to combustion engine scooters. Another trend in the market is the integration of smart features in scooters. Manufacturers are incorporating technologies such as GPS navigation, Bluetooth connectivity, and smartphone integration to enhance the overall riding experience. These features provide riders with real-time information, including traffic updates and route guidance, making their journeys more efficient and enjoyable.

Local special circumstances: Belgium's well-developed infrastructure and compact urban areas make it conducive for scooter usage. The country has an extensive network of bicycle lanes and dedicated scooter parking spaces, making it easier for riders to navigate and park their scooters. Additionally, the relatively small size of Belgian cities and towns reduces the need for long-distance travel, making scooters a practical choice for daily commuting.

Underlying macroeconomic factors: The growth of the Scooters market in Belgium is also influenced by underlying macroeconomic factors. Rising fuel prices and increasing awareness of the environmental impact of traditional vehicles have led to a shift in consumer behavior towards more sustainable transportation options. Additionally, government initiatives and incentives to promote electric vehicles, including scooters, have further fueled the market growth. These factors, coupled with the overall economic stability of Belgium, have created a favorable environment for the expansion of the Scooters market.

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.