Scooters - Kyrgyzstan

Kyrgyzstan

In 2024, the Scooters market in Kyrgyzstan is projected to generate a revenue of US$2.11m.
It is expected to experience a compound annual growth rate (CAGR) of 3.62% from 2024 to 2029, resulting in a market volume of US$2.52m by 2029.
The unit sales of Scooters market are anticipated to reach 1.31k motorcyles in 2029.
The volume weighted average price of the Scooters market in 2024 is projected to be US$1.81k.
When considering the international perspective, it is noteworthy that India is expected to generate the highest revenue in the Scooters market, amounting to US$10,620.00m in 2024.
Scooter rentals have become increasingly popular in Kyrgyzstan, offering tourists a convenient and eco-friendly way to explore the country's stunning landscapes.

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

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Analyst Opinion

The Scooters market in Kyrgyzstan has been experiencing significant growth in recent years. Customer preferences have shifted towards more eco-friendly and cost-effective transportation options, driving the demand for scooters. Additionally, local special circumstances and underlying macroeconomic factors have contributed to the development of the market.

Customer preferences: Customer preferences in Kyrgyzstan have been shifting towards more sustainable and affordable transportation options. Scooters offer a convenient and eco-friendly alternative to traditional modes of transportation, such as cars or motorcycles. With their compact size and lower fuel consumption, scooters have become popular among urban dwellers who are looking for efficient ways to navigate through congested city streets. The affordability of scooters compared to other vehicles also makes them an attractive option for budget-conscious consumers.

Trends in the market: One of the key trends in the Scooters market in Kyrgyzstan is the increasing popularity of electric scooters. As concerns about air pollution and climate change grow, consumers are becoming more conscious of their environmental impact. Electric scooters offer a clean and sustainable mode of transportation, as they produce zero emissions and have lower operating costs compared to traditional scooters. The availability of charging infrastructure and government incentives for electric vehicles have further accelerated the adoption of electric scooters in the market. Another trend in the market is the rise of scooter-sharing services. These services provide an affordable and convenient transportation option for short-distance travel within cities. Users can easily locate and rent scooters through mobile applications, making it a popular choice for tourists and locals alike. The convenience and flexibility offered by scooter-sharing services have contributed to the growth of the market, as they provide an alternative to traditional modes of transportation like taxis or public transit.

Local special circumstances: Kyrgyzstan's geography and urban landscape contribute to the development of the Scooters market. The country is characterized by mountainous terrain and narrow streets, which can be challenging for larger vehicles. Scooters, with their compact size and maneuverability, are well-suited for navigating through these challenging terrains. Additionally, the high population density in urban areas makes scooters a practical choice for commuting and running errands.

Underlying macroeconomic factors: The growing Scooters market in Kyrgyzstan can also be attributed to underlying macroeconomic factors. The country has been experiencing steady economic growth, leading to an increase in disposable income and improved living standards. As a result, consumers have more purchasing power and are able to afford personal transportation options like scooters. The government's focus on infrastructure development and urbanization has also contributed to the growth of the market, as it has improved accessibility and connectivity within cities. In conclusion, the Scooters market in Kyrgyzstan is developing due to customer preferences for eco-friendly and cost-effective transportation options. The rise of electric scooters and scooter-sharing services reflects the growing demand for sustainable and convenient mobility solutions. Local special circumstances, such as the country's geography and urban landscape, further support the adoption of scooters. Additionally, underlying macroeconomic factors, including economic growth and infrastructure development, have contributed to the expansion of the market.

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.