Scooters - United Arab Emirates

United Arab Emirates

The revenue in the Scooters market in the United Arab Emirates is projected to reach €3.81m in 2024.
It is expected to show an annual growth rate (CAGR 2024-2029) of 2.02%, resulting in a projected market volume of €4.21m by 2029.
The unit sales in the Scooters market are expected to reach 2.03k motorcyles in 2029.
The volume weighted average price of the Scooters market in 2024 is expected to amount to €2.06k.
From an international perspective, it is shown that the most revenue will be generated India (€9,744.00m in 2024).
The demand for electric scooters is rapidly growing in the United Arab Emirates due to the country's focus on sustainability and eco-friendly transportation solutions.

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

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Analyst Opinion

The Scooters market in United Arab Emirates is experiencing significant growth and development.

Customer preferences: Customers in United Arab Emirates are increasingly opting for scooters as a mode of transportation due to their convenience, affordability, and eco-friendliness. Scooters are particularly popular among young professionals and students who need a cost-effective and efficient way to navigate through the busy city streets. Additionally, the compact size of scooters makes them ideal for maneuvering through traffic and finding parking spaces in crowded areas.

Trends in the market: One of the key trends in the Scooters market in United Arab Emirates is the growing popularity of electric scooters. With increasing concerns about environmental sustainability, there is a rising demand for eco-friendly transportation options. Electric scooters offer a clean and efficient mode of transportation, as they produce zero emissions and have low operating costs. As a result, many scooter manufacturers are focusing on developing and promoting electric scooters in the market. Another trend in the Scooters market in United Arab Emirates is the integration of technology. Scooter manufacturers are incorporating advanced features such as smartphone connectivity, GPS navigation, and anti-theft systems to enhance the user experience and improve safety. These technological advancements are attracting tech-savvy consumers who are looking for innovative and connected transportation solutions.

Local special circumstances: The Scooters market in United Arab Emirates is also influenced by the unique local circumstances. The country has a well-developed infrastructure and road network, which makes it conducive for scooter usage. The warm climate throughout the year also makes scooters a popular choice for commuting short distances. Additionally, the government has been supportive of promoting sustainable transportation options, including scooters, by implementing favorable policies and providing incentives for electric vehicles.

Underlying macroeconomic factors: The growth of the Scooters market in United Arab Emirates can be attributed to several macroeconomic factors. The country has a strong economy and a high disposable income, which enables consumers to afford scooters as a means of transportation. Furthermore, the increasing urbanization and population density in major cities like Dubai and Abu Dhabi have resulted in a higher demand for efficient and compact modes of transportation, leading to the growth of the Scooters market. In conclusion, the Scooters market in United Arab Emirates is witnessing significant growth and development due to customer preferences for convenience and eco-friendliness. The market is characterized by the rising popularity of electric scooters and the integration of technology. Local special circumstances, such as the well-developed infrastructure and supportive government policies, further contribute to the growth of the market. The underlying macroeconomic factors, including a strong economy and high disposable income, also play a crucial role in driving the demand for scooters in United Arab Emirates.

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.