Scooters - Germany

Germany

Germany is projected to see a revenue of €258.10m in the Scooters market by 2024.
It is expected that this revenue will experience an annual growth rate (CAGR 2024-2029) of 4.46%, resulting in a projected market volume of €321.00m by 2029.
The unit sales in the Scooters market are expected to reach 47.98k motorcyles by 2029.
The volume weighted average price of the Scooters market in Germany is projected to be €6.46k in 2024.
When comparing international markets, it is evident that India will generate the highest revenue of €9,846.00m in 2024.
Germany has seen a surge in electric scooter sales, with cities like Berlin and Munich leading the way in promoting sustainable transportation options.

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

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Analyst Opinion

The Scooters market in Germany has been experiencing significant growth in recent years. Customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors have all played a role in shaping this development. Customer preferences in Germany have shifted towards more sustainable and environmentally friendly modes of transportation. Scooters provide a convenient and eco-friendly alternative to traditional cars or motorcycles. With increasing awareness of climate change and the need to reduce carbon emissions, many consumers are opting for scooters as a greener way to commute. Trends in the market have also contributed to the growth of the Scooters market in Germany. The rise of electric scooters has been a major trend in recent years. Electric scooters offer a quieter and more energy-efficient mode of transportation compared to their gasoline-powered counterparts. The availability of electric charging infrastructure and government incentives for electric vehicle adoption have further fueled the demand for electric scooters in Germany. Another trend in the Scooters market in Germany is the growing popularity of scooter sharing services. These services allow users to rent scooters for short periods, providing a convenient and cost-effective transportation option for urban dwellers. The convenience and flexibility offered by scooter sharing services have attracted a large customer base, especially in densely populated cities where traffic congestion and limited parking spaces are common issues. Local special circumstances in Germany have also contributed to the growth of the Scooters market. The country has a well-developed infrastructure and a strong commitment to sustainable transportation. The availability of bike lanes and dedicated scooter parking spaces in cities has made it easier for consumers to adopt scooters as a mode of transportation. Additionally, the German government has implemented policies and regulations to promote the use of electric vehicles, including scooters, through subsidies and tax incentives. Underlying macroeconomic factors have also played a role in the development of the Scooters market in Germany. The country has a strong economy with high disposable income levels, allowing consumers to afford scooters as an additional means of transportation. Furthermore, Germany has a large urban population, with many people living in cities where scooters are a practical and efficient mode of transportation for short distances. In conclusion, the Scooters market in Germany has experienced significant growth due to customer preferences for sustainable transportation, trends in the market such as the rise of electric scooters and scooter sharing services, local special circumstances including well-developed infrastructure and government support, and underlying macroeconomic factors such as a strong economy and urban population.

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.