Asia Pacific Electric Scooter Market Overviews
Asia Pacific Electric Scooter Market size was valued at USD 27.88 Bn. in 2023 and is expected to reach USD 62.02 Bn. by 2030, at a CAGR of 12.1%.
An electric scooter is a two-wheeled vehicle powered by an electric motor and battery. It offers an eco-friendly mode of transportation, including a rechargeable battery, and a lightweight design. Typically includes features including headlights, brakes, and digital displays for speed and battery life monitoring. The rapid urbanization, environmental concerns, and government initiatives to promote sustainable transportation which drive the Asia Pacific Electric Scooter Market growth. Countries such as China, India, Japan and South Korea are leading the growth, and China dominates the Asia-Pacific electric scooter industry. This is due to its large population, advanced productivity and supporting infrastructure.
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Asia Pacific Electric Scooter Market Scope and Methodology:
With increasing environmental awareness, there is a remarkable shift in cleaner modes of transportation, and electric scooters have emerged as a leading alternative. Compared to cars for traditional gas-powered vehicles, these vehicles play an important role in reducing air pollution and greenhouse gas emissions. They are efficient and use electricity from renewable sources, thus helping to improve urban air quality and reduce carbon footprints throughout the region. Electric scooters reduce noise pollution, urbanize living quarters and encourage eco-friendly travel through their quiet operation. Supporting infrastructure development and incentives by governments drives Asia Pacific Electric Scooter Market growth, creating a sustainable ecosystem for electric mobility solutions.
Asia Pacific Electric Scooter Market Regional Insights
China held the largest Asia Pacific Electric Scooter Market share in 2023 and is expected to have the highest CAGR during the forecast period. Strong support from the Chinese government through subsidies and good policies has led to a significant increase in the production and adoption of electric scooters. These programs have encouraged local manufacturers to innovate and scale up.
Asia Pacific Electric Scooter Market Segmentation
Based on Battery Type, the market is segmented into Lithium-Ion Batteries, Sealed Lead Acid Batteries and Nickel Metal Hydride Batteries. Lithium-ion batteries are expected to dominate the Asia Pacific Electric Scooter Market during the forecast period. Lithium-ion batteries have a high capacity, allowing electric scooters to travel longer distances on a single charge compared to other types of batteries. This functionality is important for urban commuters who rely on electric scooters for daily transportation. Lithium-ion batteries have a long life and can withstand many charge and discharge cycles, making them a cost-effective solution in the long run. The slightly faster charging time further enhances its usefulness for every day.
Asia Pacific Electric Scooter Market Key Players
NIU Technologies (Beijing, China)
Yadea Group Holdings Ltd. (Wuxi, China)
Ather Energy (Bangalore, India)
Gogoro Inc. (Taipei City, Taiwan)
Segway-Ninebot (Beijing, China)
Sunra Electric Vehicle (Jiangsu, China)
Vmoto Limited (Perth, Australia)
Evolet India (Gurugram, India)
Hero Electric (New Delhi, India)
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Key questions answered in the Asia Pacific Electric Scooter Market are:
- What is Asia Pacific Electric Scooter ?
- What was the Asia Pacific Electric Scooter market size in 2023?
- What is the growth rate of the Asia Pacific Electric Scooter Market?
- Which are the factors expected to drive the Asia Pacific Electric Scooter market growth?
- What are the different segments of the Asia Pacific Electric Scooter Market?
- What growth strategies are the players considering to increase their presence in Asia Pacific Electric Scooter ?
- What are the upcoming industry applications and trends for the Asia Pacific Electric Scooter Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Asia Pacific Electric Scooter Market?
- Who are the leading companies and what are their portfolios in Asia Pacific Electric Scooter Market?
- What segments are covered in the Asia Pacific Electric Scooter Market?
- Who are the key players in the Asia Pacific Electric Scooter market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by Different Segment | 2024−2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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