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Scooters - Spain

Spain

Highlights

In Spain, the revenue in the Scooters market is projected to reach US$206.40m in 2024.
It is expected that the revenue will show an annual growth rate (CAGR 2024-2029) of 4.23%, resulting in a projected market volume of US$253.80m by 2029.
The unit sales of Scooters market in 2029 are expected to reach 40.99k motorcyles.
The volume weighted average price of Scooters market in 2024 is projected to amount to US$6.01k.
From an international perspective, it is evident that India will generate the most revenue (US$10.62bn in 2024).
Spain's scooter market is booming as more and more Spaniards are embracing the convenience and eco-friendliness of electric scooters for their daily commute.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Scooters market in Spain is experiencing significant growth, driven by several factors including changing customer preferences, emerging trends, local special circumstances, and underlying macroeconomic factors.

Customer preferences: In recent years, there has been a shift in customer preferences towards more sustainable and eco-friendly modes of transportation. Scooters offer a convenient and cost-effective alternative to traditional cars, especially in crowded urban areas where traffic congestion is a major issue. Additionally, the younger generation is increasingly opting for scooters as they are seen as trendy and stylish.

Trends in the market: One of the key trends in the Scooters market in Spain is the rise of electric scooters. With advancements in battery technology and the push for cleaner transportation options, electric scooters have gained popularity among environmentally conscious consumers. The ease of charging and the ability to navigate through narrow streets and alleys make electric scooters a preferred choice for many urban dwellers. Another trend is the increasing popularity of scooter-sharing services. These services provide a convenient and affordable way for people to travel short distances without the need to own a scooter. The rise of scooter-sharing platforms has been facilitated by the widespread use of smartphone apps, allowing users to easily locate and rent scooters for a specific duration.

Local special circumstances: Spain's warm climate and extensive coastline make it an ideal country for scooter usage. The pleasant weather encourages people to opt for scooters as a means of transportation, especially for leisure activities and short trips. Additionally, Spain's narrow streets and historic city centers often restrict car usage, making scooters a practical choice for navigating these areas.

Underlying macroeconomic factors: Spain's improving economy has contributed to the growth of the Scooters market. As disposable incomes increase, more individuals are able to afford scooters as a mode of transportation. Additionally, the tourism industry in Spain plays a significant role in the market's growth, as tourists often rent scooters for exploring cities and coastal areas. Overall, the Scooters market in Spain is witnessing a surge in demand due to changing customer preferences, the emergence of new trends, local special circumstances, and favorable macroeconomic factors. As the market continues to evolve, it is expected that electric scooters and scooter-sharing services will continue to gain traction, further driving the growth of the industry.

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.