Report ID: SQMIG25C2154
Report ID:
SQMIG25C2154 |
Region:
Global |
Published Date: December, 2024
Pages:
179
|
Tables:
60 |
Figures:
65
Scooter Market size was valued at USD 80.84 Billion in 2023 and is poised to grow from USD 86.09 Billion in 2024 to USD 133.79 Billion by 2032, growing at a CAGR of 6.50% during the forecast period (2025-2032).
Rapid urbanization and improving road connectivity in the emerging economies led to high transportation demand. The absence of public vehicles in far-flung places encourages buyers to buy individual automobiles. Scooters are the most popular because consumers want lightweight, easy-to-drive & operate, and economical vehicles. This can be attributed to the wide availability of battery electric scooters, which do not require any fuel and are pollution-free vehicles, thus accelerating the growth of this market.
Road connectivity is vital for the economic development of a country. Emerging nations are also spending on developing secure and safe roads. The investment made towards supporting road construction also opened up a new window of growth for the transportation and logistics sector. Logistics open the doors in the market and many of the people doing business now started setting up their firms or connecting with already existing such firms. Thus, they want things to be delivered at minimum time and cost and for this scooter is one of the vehicles which are preferred by them. Scooters can easily pass through the traffic and consume lesser fuel than bikes, mopeds, and cars. Also, manufacturing companies are mainly focusing on the new technology of vehicles where they want to use the maximum speed using minimal power and making it budget-friendly for customers. In addition, electric scooter OEMS has launched multiple scooters in developing nations.
Our industry expert will work with you to provide you with customized data in a short amount of time.
REQUEST FREE CUSTOMIZATIONWant to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
Report ID: SQMIG25C2154