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 2036. 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.