Scooters - Europe

Europe

In 2024, the Scooters market in Europe is projected to generate a revenue of €1.81bn.
This market is expected to experience a steady annual growth rate, with a CAGR of 6.59% from 2024 to 2029.
As a result, the market volume of the Scooters market in Europe is predicted to reach €2.49bn by 2029.
Furthermore, it is estimated that the unit sales of Scooters market will reach 0.51m motorcyles by 2029.
The volume weighted average price of the Scooters market in Europe is expected to be €4.48k in 2024.
However, it is important to note that from an international perspective, India is projected to generate the highest revenue in the Scooters market, with €9,846.00m in 2024.
In Germany, the popularity of electric scooters is skyrocketing as consumers opt for eco-friendly transportation options.

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 Europe is experiencing significant growth and development in recent years.

Customer preferences: One of the key reasons for the growth of the Scooters market in Europe is the changing preferences of customers. Scooters offer a convenient and affordable mode of transportation, especially in urban areas where traffic congestion is a common problem. Customers are increasingly looking for alternatives to traditional cars and motorcycles, and scooters provide a practical solution. Additionally, scooters are often seen as a more environmentally friendly option compared to cars, as they produce fewer emissions and consume less fuel.

Trends in the market: One of the major trends in the Scooters market in Europe is the increasing adoption of electric scooters. With the growing concern for the environment and the need to reduce carbon emissions, electric scooters have gained popularity among customers. Electric scooters offer a cleaner and quieter alternative to traditional gasoline-powered scooters, making them an attractive option for environmentally conscious consumers. Furthermore, advancements in battery technology have improved the range and performance of electric scooters, making them a viable option for longer commutes. Another trend in the Scooters market is the rise of scooter-sharing services. Similar to bike-sharing programs, scooter-sharing services have gained traction in many European cities. These services allow customers to rent scooters for short periods, providing a convenient and flexible mode of transportation. The popularity of scooter-sharing services can be attributed to their ease of use and affordability, making them particularly popular among young urban dwellers.

Local special circumstances: The Scooters market in Europe is influenced by various local special circumstances. One such circumstance is the presence of well-developed infrastructure and regulations for scooters. Many European cities have designated lanes and parking spaces for scooters, making it easier for riders to navigate through traffic and find parking. Additionally, European countries have implemented regulations to ensure the safety of scooter riders, such as mandatory helmet use and speed limits.

Underlying macroeconomic factors: The growth of the Scooters market in Europe can also be attributed to underlying macroeconomic factors. Economic stability and rising disposable incomes have allowed more people to afford scooters as a means of transportation. Furthermore, the increasing urbanization in Europe has led to a greater demand for convenient and efficient modes of transportation, driving the growth of the Scooters market. In conclusion, the Scooters market in Europe is experiencing significant growth and development due to changing customer preferences, the adoption of electric scooters, the rise of scooter-sharing services, local special circumstances, and underlying macroeconomic factors. As customers continue to seek convenient and sustainable transportation options, the Scooters market in Europe 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.