Scooters - LATAM

LATAM

The projected revenue for the Scooters market in LATAM is expected to reach US$1.65bn by 2024.
This forecast indicates an annual growth rate of 5.45% between 2024 and 2028, resulting in a projected market volume of US$2.04bn by 2028.
The unit sales for Scooters market in LATAM are expected to reach 0.97m motorcyles by 2028.
The volume weighted average price for Scooters market in LATAM in 2024 is projected to be US$2.03k.
When considering the international perspective, it is evident that in India will generate the highest revenue in the Scooters market, with US$9,782.00m in 2024.
The demand for electric scooters in LATAM is growing rapidly, as consumers prioritize eco-friendly and cost-effective transportation options.

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

Market

Region

Region comparison

Currency

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.