Scooters - Czechia

Czechia

The projected revenue in the Scooters market for Czechia is expected to reach US$21.48m in 2024.
It is anticipated to demonstrate an annual growth rate of 8.44% (CAGR 2024-2028), resulting in a projected market volume of US$29.70m by 2028.
Moreover, the unit sales in the Scooters market are expected to reach 6.70k motorcyles in 2028.
In 2024, the volume weighted average price of Scooters market in Czechia is expected to amount to US$4.28k.
When examining the international perspective, it is evident that in India is projected to generate the highest revenue in the Scooters market, amounting to US$9,782.00m in 2024.
The market for electric scooters in Czechia is booming, with an increasing number of people opting for eco-friendly and convenient transportation options.

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

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Analyst Opinion

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

Customer preferences: Czechia has witnessed a growing preference for scooters among consumers. This can be attributed to several factors, including the increasing need for convenient and cost-effective transportation options in urban areas. Scooters offer a practical solution for short-distance commuting, allowing individuals to navigate through traffic congestion and reach their destinations quickly. Moreover, the compact size and maneuverability of scooters make them ideal for navigating narrow streets and crowded city centers.

Trends in the market: One of the key trends in the Scooters market in Czechia is the rise of electric scooters. With the increasing emphasis on sustainability and environmental consciousness, electric scooters have gained popularity among consumers. These scooters offer a cleaner and greener alternative to traditional gasoline-powered scooters, reducing carbon emissions and contributing to a more sustainable transportation system. The availability of charging infrastructure and government incentives for electric vehicles have further fueled the demand for electric scooters in Czechia. Another trend in the market is the introduction of innovative features and technologies in scooters. Manufacturers are incorporating advanced safety features, such as anti-lock braking systems and stability control, to enhance rider safety. Additionally, connectivity features, such as smartphone integration and GPS navigation, are being integrated into scooters to provide a seamless riding experience. These technological advancements not only improve the overall functionality of scooters but also attract tech-savvy consumers who value convenience and connectivity.

Local special circumstances: Czechia's geographical landscape and urban infrastructure play a significant role in shaping the Scooters market. The country's well-maintained road network, including a vast network of cycling paths, makes it conducive for scooter usage. The compact size and agility of scooters make them suitable for navigating the city's narrow streets and crowded areas. Furthermore, the presence of numerous tourist attractions and historical sites in Czechia makes scooters an attractive option for tourists who want to explore the country's beauty at their own pace.

Underlying macroeconomic factors: The growing Scooters market in Czechia can also be attributed to favorable macroeconomic factors. The country's stable economy and rising disposable income levels have increased consumer purchasing power. As a result, more individuals can afford to invest in scooters as a mode of transportation. Additionally, the increasing urbanization and congestion in major cities have led to a higher demand for alternative transportation options, further driving the growth of the Scooters market. In conclusion, the Scooters market in Czechia is witnessing significant growth and development due to customer preferences for convenient and cost-effective transportation options, the rise of electric scooters, the introduction of innovative features, the country's geographical landscape and urban infrastructure, and favorable macroeconomic factors. As the market continues to evolve, it is expected that scooters will remain a popular choice among consumers in Czechia.

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.