Electric Scooter Market Share

  • Report ID: 4655
  • Published Date: Feb 24, 2023
  • Report Format: PDF, PPT

Electric Scooter Market Share

APAC Market Statistics

The Asia Pacific electric scooter market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2033. The rising demand for electric two-wheelers among the population is estimated to drive market growth in the region as per the market analysis. A report from 2022 stated that electric two-wheelers register a staggering 130% growth in 2021 in India. Further, the growing stances of traffic congestion, upsurge in carbon emission regulations, and growing urbanization in the region. For instance, in 2021, Mumbai's congestion level accounted nearly 54%, which represents that it took 54% longer time to get from one point to another than in a free-flow scenario. Increasing urbanization with advancements in lifestyle and rising living standards of people owing to more disposable income leads to economic growth in the region. The rising economic standards increase the spending capacity of people on trending goods including electric scooters, bikes, and dockless bikes, and it is expected to boost the market’s growth in the region. Moreover, the rising preference for electric scooters is attributed to their eco-friendly and convenient nature with less cost and high efficiency.

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Electric-Scooters-Market-Size
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Author Credits:  Saima Khursheed


  • Report ID: 4655
  • Published Date: Feb 24, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The rising concern for carbon dioxide emission along with increasing preference for fuel-efficient two-wheelers are some of the factors that are expected to drive the market growth.

The market is anticipated to attain a CAGR of 10% over the forecast period, i.e., 2023-2033.

High cost of electric scooters, lack of good road network, and lack of infrastructure in emerging nations are estimated to hamper the market growth.

The market in Asia Pacific is projected to hold the largest market share by the end of 2033 and provide more business opportunities in the future.

The major players in the market are OLA Group, Niu International Co. Ltd., Hero Electric Vehicles Pvt. Ltd., Bayerische Motoren Werke Aktiengesellschaft, Gogoro Inc., Mahindra Group, Vmoto Limited, Zhejiang Luyuan Electric Vehicle Co., Ltd, Yadea Technology Group Co. Ltd., Terra Motors Corporation, and other key players.

The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by vehicle type, battery type, product, technology, voltage, and by region.

The Li-Ion segment is anticipated to garner the largest market size by the end of 2033 and display significant growth opportunities.
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