Scooters - United Kingdom

United Kingdom

The Scooters market in the United Kingdom is expected to achieve a projected revenue of US$147.50m in 2024.
Furthermore, it is anticipated that this revenue will experience an annual growth rate of 3.32% (CAGR 2024-2028), resulting in a projected market volume of US$168.10m by 2028.
In terms of unit sales, the Scooters market is projected to reach 26.10k motorcyles in 2028.
Additionally, the volume weighted average price of the Scooters market in 2024 is expected to be US$6.22k.
Considering the global market, it is worth noting that in India is projected to generate the highest revenue of US$9,782.00m in 2024.
The United Kingdom is experiencing a surge in demand for electric scooters as consumers seek eco-friendly transportation options.

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

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Analyst Opinion

The Scooters market in United Kingdom has been experiencing significant growth in recent years. Customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors have all contributed to this development. Customer preferences in the Scooters market in United Kingdom have shifted towards more environmentally friendly and cost-effective modes of transportation. With increasing concerns about air pollution and rising fuel prices, many consumers are opting for scooters as a more sustainable and economical alternative to cars. Scooters offer a convenient and efficient way to navigate through congested city streets, making them particularly popular among urban dwellers. Additionally, the compact size and maneuverability of scooters make them ideal for short commutes and quick trips. Trends in the Scooters market in United Kingdom have also played a significant role in its growth. The introduction of electric scooters has revolutionized the market, offering a cleaner and quieter mode of transportation. Electric scooters are not only more environmentally friendly but also more cost-effective, as they require less maintenance and have lower operating costs compared to traditional petrol-powered scooters. The increasing availability and affordability of electric scooters have made them a popular choice among consumers. Local special circumstances have further contributed to the development of the Scooters market in United Kingdom. The country's extensive network of bike lanes and dedicated scooter parking spaces has made it easier and more convenient for scooter riders to navigate the city. Additionally, the government has implemented various incentives and subsidies to encourage the adoption of electric scooters, further driving their popularity. Underlying macroeconomic factors have also played a role in the growth of the Scooters market in United Kingdom. The country's strong economy and high disposable income levels have made scooters more accessible to a wider range of consumers. Furthermore, the increasing urbanization and population density in major cities have created a greater demand for alternative modes of transportation, leading to the rise in popularity of scooters. In conclusion, the Scooters market in United Kingdom has experienced significant growth due to changing customer preferences, emerging trends, local special circumstances, and underlying macroeconomic factors. The shift towards more sustainable and cost-effective transportation options, such as electric scooters, has contributed to the market's development. The availability of bike lanes and dedicated parking spaces, as well as government incentives, have further fueled the popularity of scooters. With a strong economy and high disposable income levels, the United Kingdom is well-positioned for continued growth in the Scooters 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.