Product ID: SQMIR25C2130
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 Insights
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).
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.
Asia pacific Electric Scooter Market Report Snapshots
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