Scooters - Algeria

Algeria

In 2024, the projected revenue in the Scooters market in Algeria is expected to reach US$15.48m.
This indicates that the Scooters market in Algeria is poised for growth.
Furthermore, the revenue is projected to exhibit an annual growth rate of 0.57% from 2024 to 2029, resulting in a market volume of US$15.93m by 2029.
The unit sales of Scooters market in Algeria are also anticipated to increase, with an expected figure of 13.20k motorcyles units in 2029.
This indicates a positive trend in the demand for Scooters market in the country.
Additionally, the volume weighted average price of Scooters market in Algeria is projected to be US$1.19k in 2024.
This figure provides insight into the pricing dynamics of the Scooters market in the Algerian market.
When considering the international perspective, it is notable that India is projected to generate the highest revenue in the Scooters market.
In 2024, India is expected to generate a revenue of US$10,620.00m, highlighting the significance of the Indian market in this segment.
Sales of electric scooters in Algeria have been steadily increasing, as the government's push for sustainable transportation options gains traction.

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

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Analyst Opinion

The Scooters market in Algeria has been experiencing significant growth in recent years.

Customer preferences: Algerian consumers have shown a strong preference for scooters as a means of transportation. This can be attributed to several factors, including the affordability and fuel efficiency of scooters compared to cars. Additionally, the compact size and maneuverability of scooters make them well-suited for navigating the crowded streets of Algerian cities.

Trends in the market: One of the key trends in the Algerian Scooters market is the increasing demand for electric scooters. As consumers become more environmentally conscious, there is a growing interest in alternative modes of transportation that produce fewer emissions. Electric scooters offer a clean and efficient solution, and many Algerians are embracing this technology. Another trend in the market is the popularity of scooters for delivery services. With the rise of e-commerce and online food delivery platforms, there is a growing need for efficient and cost-effective delivery vehicles. Scooters provide a practical solution for last-mile delivery, and many businesses are investing in scooters to meet this demand.

Local special circumstances: Algeria has a young and growing population, which has contributed to the increasing demand for scooters. Younger consumers, in particular, are drawn to the affordability and convenience of scooters as a mode of transportation. Additionally, the high cost of car ownership in Algeria has made scooters an attractive alternative for many individuals and families.

Underlying macroeconomic factors: Several macroeconomic factors have contributed to the growth of the Scooters market in Algeria. The country has experienced steady economic growth in recent years, which has led to an increase in disposable income for many Algerians. This has made scooters more affordable and accessible to a larger segment of the population. Additionally, the government has implemented policies to promote the use of scooters, such as tax incentives and subsidies for electric scooters. These measures have further boosted the demand for scooters in the country. In conclusion, the Scooters market in Algeria is experiencing significant growth due to customer preferences for affordable and fuel-efficient transportation options, as well as local special circumstances such as a young population and high car ownership costs. The market is also being driven by trends such as the increasing demand for electric scooters and the popularity of scooters for delivery services. These trends are supported by underlying macroeconomic factors, including steady economic growth and government policies that promote the use of scooters.

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.