USD 612.03 billion
Asia pacific Electric Scooter Market Size, Share, Growth Analysis, By vehicle type(Electric Motorcycle, E-Scooters & Bikes.), By charging type(Connector Charging, Wireless Charging.), By Region - Industry Forecast 2025-2032
Report ID:
SQMIR25C2130 |
Region:
Regional |
Published Date: February, 2024
Pages:
157
|Tables:
61
|Figures:
75
Asia pacific Electric Scooter Market Insights
Asia pacific Electric Scooter Market size was valued at USD 767.49 Billion in 2023 and is poised to grow from USD 962.43 Billion in 2024 to USD 7379.82 Billion by 2032, growing at a CAGR of 25.4% during the forecast period (2025-2032).
Electric scooters are a subset of e-bikes that include kick scooters, electric motorcycles, and electric mopeds. Electric kick scooters are powered by an electric motor and consist of a footboard mounted on two wheels and a long steering handle. They are propelled by resting one foot on the footboard and pushing the other against the ground. These scooters are used for private and public transportation, as well as shared mobility, micromobility, logistics, short commutes, and industrial applications. Adoption of these scooters is increasing as a result of favourable government policies and regulations in Southeast Asian countries, rising environmental concerns, and increased investments in the micro-mobility space by OEMs and ride-hailing companies. COVID-19 impacted the market positively as commuters were mostly avoiding public transportation. Increased manufacturing and use of electric scooters and motorcycles is one of the green technologies that nations are investing in. During the forecast period, the market and motorcycles in APAC is anticipated to increase as a result of growing concerns over the state of the air and related government awareness campaigns.
Asia pacific Electric Scooter Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Connector Charging
Fastest Growth
Connector Charging
Growth Rate
25.4% CAGR
Asia Pacific electric scooter market, 2021-2028 (Bn)
Country Share for Asia Pacific Region- 2021 (%)
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Asia pacific Electric Scooter Market Segmental Analysis
The Asia pacific Electric Scooter Market is segmented into vehicle type and charging type. On the basis of vehicle type Asia pacific Electric Scooter Market is segmented into Electric Motorcycle, E-Scooters & Bikes. By charging type Asia pacific Electric Scooter Market is segmented into Connector Charging, Wireless Charging.
Asia pacific Electric Scooter Market Analysis by vehicle type
The electric motorcycles segment is expected to account for the largest share of the Asia-Pacific electric scooters market in 2022, based on vehicle type. The growing awareness of the need to reduce greenhouse gas emissions and environmental pollution, rising consumer demand for these motorcycles, rising gasoline prices, and the increasing number of stringent emission norms are all factors contributing to the large share of this segment. these motorcycles have fewer moving parts than gasoline-powered motorcycles, making them lighter and more agile; as a result, automobile manufacturers are focusing on research and development and collaborating with other motorcycle manufacturers to improve the performance of these motorcycles.
Asia pacific Electric Scooter Market Analysis by charging type
According to charging type, the connector charging segment is anticipated to have the greatest market share for electric scooters in Asia-Pacific in 2022. A network of two-wheeler charging stations is being developed by several businesses in an effort to boost their global market share. For instance, Ola Electric disclosed its plans to build the largest network of charging stations for electric two-wheelers in the world. The charging infrastructure for its planned two-wheeler goods, beginning with the Ola Scooter, was introduced as the Ola Hypercharger Network. With more than 100,000 charging stations spread across 400 cities, the Ola Hypercharger Network will be the largest and densest electric two-wheeler charging network in the world.
Asia Pscific electric scooter market size by charging type, 2021-2028 (Bn)
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Asia pacific Electric Scooter Market Regional Insights
On the basis of region, it is segmented into North America, Europe, Asia Pacific, Latin America and Middle East and Africa(MEA). According to estimates, China will hold the greatest market share for electric scooters in the Asia-Pacific region in 2022. The Chinese market for electric scooters is expanding as a result of growing government support, an increase in charging infrastructure, a rise in energy company strategic business activities, rising gasoline prices, and rising environmental awareness. Electric vehicles are being quickly embraced by the Chinese market; for example, 1.3 million electric vehicles were sold there in 2020. The Chinese government is likewise promoting EVs on its own initiative. The Philippines, however, is anticipated to have the greatest CAGR during the forecast period. The local government's attempts to promote investments and the adoption of cleaner technology are what are driving the adoption of EVs in this nation.
Asia Pacific electric scooter market size by geography, 2021-2028
- Largest
- Fastest
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Asia pacific Electric Scooter Market Dynamics
Asia pacific Electric Scooter Market Drivers
Advancement in Technology to Boost Popularity of Electric Scooter in Asia Pacific
- The favourable government policies and regulations in south-east Asian nations, the rising environmental concerns, and the rising number of investments by OEMs & ride-hailing businesses in the micro-mobility arena are all credited with the rise of this industry.
- The high initial costs of purchasing electric two-wheelers and the rising rates of theft and vandalism of e-bikes and e-scooters in Asian nations are anticipated to significantly impede the growth of this industry.
Asia pacific Electric Scooter Market Restraints
Global Lockdown might have Hindered Market Growth in the Past
- The COVID-19 pandemic had a negative impact on many sectors of the economy, including the urban transportation industry. The pandemic had a significant impact on several industries, including the automotive industry, with major manufacturers shutting down completely or operating at reduced capacity in response to government directives. The automotive industry was severely impacted by the COVID-19 pandemic's complete lockdowns and quarantines.
- The high cost and limited range of batteries are major impediments to the complete transition to electric mobility.
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Asia pacific Electric Scooter Market Competitive Landscape
Aima Technology Group Co. Ltd., Pedego Electric Bikes, Merida Industry Co. Ltd., Yadea Group Holdings Ltd., and Yamaha Motor Company are a few of the well-known participants. In order to increase their market presence and obtain a competitive edge, these firms concentrate on geographic expansion and the introduction of new products. These activities also help these businesses improve their brand awareness, product offers, and market presence.
Asia pacific Electric Scooter Market Top Player's Company Profiles
- Yadea Group Holdings Ltd.
- Aima Technology Group Co. Ltd.
- Niu Technologies
- Jiangsu Xinri E-Vehicle Co. Ltd.
- Terra Motors Corporation
- Hero Electric Vehicles Pvt. Ltd.
- Gogoro Inc.
- Vmoto Limited
- Ampere Vehicles Pvt. Ltd.
- Avan Motors India Pvt. Ltd.
- Okinawa Autotech Pvt. Ltd.
- Sunra Electric Vehicle Co. Ltd.
- Shandong Incalcu Electric Vehicle Co. Ltd.
- Luyuan Electric Vehicle Co. Ltd.
- Bird Rides Inc.
- Lime
- Spin
- Skip
- Voi Technology AB
- Tier Mobility GmbH
Asia pacific Electric Scooter Market Recent Developments
- On 20-Apr-2022 — Yadea confirms to be the Global Leader in the e-scooter market with a roaring 2021.
- On 2 August 2022, Niu Technologies, a provider of smart urban mobility solutions, released its latest products, including electric bicycles SQi and UQi+, and two co-branded electric bicycles co-developed with Razer.
Asia pacific Electric Scooter Key Market Trends
- The numerous technical improvements in the industry are also expected to enhance the demand. For instance, connected e-bikes have a SIM module that enables them to send and receive data over the cloud without connecting to a smartphone. Integrated navigation, remote diagnostics, automatic emergency calls, anti-theft systems, and social media networking are additional features available on connected e-bikes. One of the top companies in the e-bike industry that sells connected electric bikes is Robert Bosch GmbH.
- The demand for e-bikes as a practical, economical, and secure substitute for public transit has significantly increased as more travellers choose to shun public transportation as a result of the pandemic.
Asia pacific Electric Scooter Market SkyQuest Analysis
SkyQuest’s ABIRAWA (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research
According to our global electric scooter market analysis, The market's expansion is accelerated by the increase in consumer preference for electric or e-bikes. These bikes are frequently used since they are compact, healthy, and allow riders to go faster while using less energy. The market is also influenced by the region's growing tourism industry. The demand is growing as a result of the increase in tourists and the congestion that results from them. Additionally, the market benefits from an increase in investments, the growth of the automotive industry, and higher disposable income. On the other hand, market expansion is anticipated to be hampered by government rules, international trade policies and regulations, and infrastructure deficiencies. The market is also expected to face challenges from technology and the high price of e-scooter
| Report Metric | Details |
|---|---|
| Market size value in 2019 | USD 612.03 billion |
| Market size value in 2031 | USD 5885.02 billion |
| Growth Rate | 25.4% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Asia pacific Electric Scooter Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Asia pacific Electric Scooter Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Asia pacific Electric Scooter Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Asia pacific Electric Scooter Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Asia pacific Electric Scooter Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Asia pacific Electric Scooter Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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