Global Reading Glasses Market

Asia pacific Electric Scooter Market Size, Share, Growth Analysis, By vehicle type(Electric Motorcycle, E-Scooters & Bikes.), By charging type(Connector Charging, Wireless Charging.) - Industry Forecast 2024-2031

Report ID: SQMIR25C2130 | Region: Regional | Published Date: February, 2024
Pages: 157 | Tables: 61 | Figures: 75

Asia pacific Electric Scooter Market News

  • 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.
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Asia pacific Electric Scooter Market size was valued at USD 612.03 billion in 2019 and is poised to grow from USD 767.49 billion in 2023 to USD 5885.02 billion by 2031, growing at a CAGR of 25.4% in the forecast period (2024-2031).

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. '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'

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 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.

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.

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