Scooters - South Africa

South Africa

In 2024, the projected revenue in the Scooters market in South Africa is expected to reach €6.95m.
The market is anticipated to grow at an annual rate of 4.26% from 2024 to 2029, resulting in a projected market volume of €8.56m by 2029.
By 2029, it is estimated that unit sales in the Scooters market will reach 8.23k motorcyles.
The volume weighted average price of the Scooters market in South Africa is expected to be €1.02k in 2024.
When considering the international perspective, it is evident that India will generate the highest revenue in the Scooters market, with a projected amount of €9,744.00m in 2024.
The demand for electric scooters is rapidly increasing in South Africa, driven by the country's need for sustainable and cost-effective transportation solutions.

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

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Analyst Opinion

The Scooters market in South Africa is experiencing significant growth and development in recent years.

Customer preferences: One of the key factors driving the growth of the Scooters market in South Africa is the increasing demand for affordable and fuel-efficient transportation options. Many consumers are looking for cost-effective alternatives to traditional cars and motorcycles, and scooters provide a practical solution. Additionally, scooters are popular among urban dwellers who need a compact and maneuverable vehicle for navigating through congested city streets.

Trends in the market: One noticeable trend in the Scooters market in South Africa is the rising popularity of electric scooters. With growing concerns about environmental sustainability and the need to reduce carbon emissions, consumers are increasingly opting for electric vehicles. Electric scooters offer the advantage of being eco-friendly and cost-effective, as they require less maintenance and have lower fuel costs compared to traditional petrol-powered scooters. This trend is expected to continue as the government and environmental organizations promote the adoption of electric vehicles. Another trend in the Scooters market in South Africa is the increasing availability of stylish and customizable scooters. Consumers are now looking for scooters that not only provide efficient transportation but also reflect their personal style and preferences. Scooter manufacturers are responding to this demand by offering a wide range of designs, colors, and accessories that allow customers to personalize their scooters.

Local special circumstances: South Africa's urban areas are characterized by heavy traffic congestion and limited parking spaces. This has contributed to the growing popularity of scooters as a practical mode of transportation. Scooters are compact and agile, allowing riders to navigate through traffic easily and find parking in crowded areas. Additionally, scooters are often exempt from certain road taxes and toll fees, making them an attractive option for cost-conscious consumers.

Underlying macroeconomic factors: South Africa's economy has been experiencing moderate growth in recent years, which has contributed to the increasing purchasing power of consumers. As disposable incomes rise, more people are able to afford personal transportation options like scooters. Additionally, the government has implemented policies to promote the manufacturing and use of electric vehicles, which has further stimulated the growth of the Scooters market. In conclusion, the Scooters market in South Africa is witnessing significant growth and development due to customer preferences for affordable and fuel-efficient transportation options. The increasing demand for electric scooters and the availability of stylish and customizable options are key trends in the market. The local special circumstances of heavy traffic congestion and limited parking spaces in urban areas contribute to the popularity of scooters. The underlying macroeconomic factors of moderate economic growth and government policies promoting electric vehicles also play a role in the market's development.

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.