Key regions: Brazil, Portugal, Indonesia, United States, Italy
The Scooters market in Indonesia has been experiencing significant growth in recent years. Customer preferences for scooters have been influenced by several factors, leading to an increase in demand for these vehicles. Additionally, local special circumstances and underlying macroeconomic factors have contributed to the development of the Scooters market in Indonesia.
Customer preferences: In Indonesia, scooters are a popular choice among consumers due to their affordability, fuel efficiency, and ease of maneuverability in congested urban areas. The rising middle class in the country has also contributed to the increasing demand for scooters, as these vehicles provide a convenient and cost-effective mode of transportation for daily commuting. Furthermore, the compact size of scooters makes them suitable for navigating through narrow streets and heavy traffic, which is a common characteristic of many Indonesian cities.
Trends in the market: One of the key trends in the Scooters market in Indonesia is the growing popularity of electric scooters. As the government and consumers become more environmentally conscious, there has been a shift towards cleaner and more sustainable modes of transportation. Electric scooters offer a greener alternative to traditional petrol-powered scooters, and their popularity is expected to continue to rise in the coming years. Another trend in the market is the increasing adoption of advanced features and technologies in scooters. Manufacturers are incorporating features such as smartphone connectivity, GPS navigation, and advanced safety systems to attract customers. These features enhance the overall riding experience and provide added convenience and safety for scooter riders.
Local special circumstances: Indonesia's geography and infrastructure play a significant role in shaping the Scooters market in the country. With its numerous islands and diverse terrain, scooters are a practical choice for many Indonesians, as they are well-suited for navigating through different types of roads and terrains. Additionally, the lack of reliable public transportation in some areas further drives the demand for scooters as a primary mode of transportation.
Underlying macroeconomic factors: The growing middle class in Indonesia has been a key driver of the Scooters market. As disposable incomes increase, more individuals are able to afford scooters, leading to higher demand. Additionally, the rapid urbanization in the country has resulted in increased traffic congestion, making scooters a popular choice for commuting in crowded cities. Government policies and regulations also play a role in the development of the Scooters market in Indonesia. The government has implemented measures to promote the use of electric vehicles, including scooters, to reduce pollution and dependence on fossil fuels. These policies have resulted in incentives and subsidies for electric scooters, further driving their adoption in the market. In conclusion, the Scooters market in Indonesia is experiencing growth due to customer preferences for affordable and fuel-efficient transportation options. The increasing popularity of electric scooters and the adoption of advanced features are key trends in the market. Local special circumstances, such as Indonesia's geography and infrastructure, also contribute to the demand for scooters. Furthermore, the growing middle class and government policies promoting sustainable transportation are underlying macroeconomic factors that drive the development of the Scooters market in Indonesia.
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.
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