Scooters - Turkmenistan

Turkmenistan

The projected revenue in the Scooters market for Turkmenistan is expected to reach €3.57m in 2024.
It is anticipated that there will be an annual growth rate of -0.06% from 2024 to 2029, resulting in a projected market volume of €3.56m by 2029.
The unit sales in the Scooters market are expected to reach 1.87k motorcyles in 2029.
The volume weighted average price of the Scooters market in 2024 is projected to be €1.87k.
When considering the international perspective, it is evident that the highest revenue will be generated India, amounting to €9,744.00m in 2024.
The demand for electric scooters in Turkmenistan is rapidly increasing as the government encourages sustainable transportation options.

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

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Región

Comparación de regiones

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Analyst Opinion

The Scooters market in Turkmenistan has been experiencing steady growth in recent years, driven by various factors such as changing customer preferences, emerging trends, and local special circumstances. Customer preferences in the Scooters market have shifted towards more eco-friendly and cost-effective transportation options. Scooters offer a convenient and affordable mode of transportation, especially in urban areas with heavy traffic congestion. Additionally, the younger generation is increasingly opting for scooters as a stylish and trendy means of transportation. One of the key trends in the Scooters market is the increasing popularity of electric scooters. With growing concerns about environmental pollution and the need for sustainable transportation solutions, electric scooters have gained significant traction. These scooters are powered by rechargeable batteries and produce zero emissions, making them an attractive choice for eco-conscious consumers. Furthermore, advancements in battery technology have improved the range and performance of electric scooters, making them a viable alternative to traditional fuel-powered scooters. Another trend in the market is the rise of sharing economy platforms that offer scooter rental services. These platforms provide users with the flexibility to rent scooters for short durations, eliminating the need for ownership and maintenance. This trend has gained momentum in urban areas where individuals prefer the convenience of renting a scooter for short commutes rather than owning one. Local special circumstances in Turkmenistan have also contributed to the development of the Scooters market. The country's urban population has been growing rapidly, leading to increased demand for efficient and affordable transportation options. Scooters, with their compact size and maneuverability, are well-suited for navigating through crowded city streets. Additionally, Turkmenistan has a relatively warm climate, making scooters an appealing choice for commuting short distances. Underlying macroeconomic factors have also played a role in the growth of the Scooters market in Turkmenistan. The country has witnessed steady economic growth in recent years, resulting in increased disposable income levels. This has allowed individuals to invest in personal transportation options such as scooters. Furthermore, favorable government policies and incentives have encouraged the adoption of electric scooters, further driving market growth. In conclusion, the Scooters market in Turkmenistan is witnessing growth due to changing customer preferences, emerging trends such as electric scooters and sharing economy platforms, local special circumstances, and favorable macroeconomic factors. As the market continues to evolve, it is expected to present new opportunities for both domestic and international scooter manufacturers and retailers.

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.