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Redding, California - May 4, 2022

Asia-Pacific Electric Scooter Market Worth $ 625.03 Billion and 266.04 Million Units by 2029

Asia-Pacific Electric Scooter Market by Vehicle Type (Electric Motorcycles, E-Scooter & Bikes), Power Output (Less Than 3.6kW, 3.6kW to 7.2kW), Battery Technology (SLA, Li-ion, Li-ion Polymer), Motor Type, Charging Type, End User, and Country - Regional Forecast to 2029

Meticulous Research®—a leading market research company, published a research report titled “Asia-Pacific Electric Scooter Market by Vehicle Type (Electric Motorcycles, E-Scooter & Bikes), Power Output (Less Than 3.6kW, 3.6kW to 7.2kW), Battery Technology (SLA, Li-ion, Li-ion Polymer), Motor Type, Charging Type, End User, and Country - Regional Forecast to 2029”.

The Asia-Pacific Electric Scooter Market is expected to record a CAGR of 28.9% from 2022–2029 to reach $ 625.03 billion by 2029. By volume, this market is expected to reach 266.04 million units by 2029, at a CAGR of 26.4% during the forecast period. The growth of this market is attributed to favorable government policies and regulations, the rising environmental concerns, and the increasing investments by OEMs & ride-hailing companies in the micro-mobility space. In addition, the decreasing prices of batteries offer significant opportunities for the growth of this market.

However, the high initial investments of procuring electric two-wheelers and the increasing incidences of theft and vandalism of e-bikes & e-Scooter in Asian countries are expected to hinder the growth of this market to a notable extent. Furthermore, factors, such as the range anxiety associated with electric two-wheelers and poor cycling infrastructure in developing countries of Asia-Pacific are some of the challenges expected to hamper the growth of this market.

The Asia-Pacific electric Scooter market is segmented based on vehicle type, power output, battery technology, motor type, charging type, end user, and country. The study also evaluates industry competitors and analyzes the market at the country level.

Based on vehicle type, the Asia-Pacific electric Scooter market is segmented into electric motorcycles and e-Scooter & bikes. In 2022, the electric motorcycles segment is expected to account for the largest share of the Asia-Pacific electric Scooter market. The large share of this segment is attributed to increasing government policies promoting electric mobility, the growing awareness regarding the need to reduce greenhouse gas emissions and environmental pollution, the rising demand for electric motorcycles among consumers, the increase in gasoline prices, and the rising number of stringent emission norms.

However, the e-Scooter & bikes segment is expected to grow at the highest CAGR during the forecast period. The growth of this segment is attributed to the increasing government subsidies and support to promote electric mobility, the increasing usage of e-Scooter & bikes in courier and e-commerce delivery applications, the increasing government subsidies and support to promote electric mobility across Asia-Pacific, the growing demand for energy-efficient commuting, and the rising number of investments by government authorities in the development of EV charging infrastructure.

Based on power output, the Asia-Pacific electric Scooter market is segmented into less than 3.6 kW, 3.6 kW to 7.2 kW, and 20 kW to 100kW. In 2022, the less than 3.6 kW segment is expected to account for the largest share of the Asia-Pacific electric Scooter market. The less than 3.6 kW power output is used in electric kick Scooter and bikes. The large share of this segment is attributed to its potential to serve as the last mile conveyance for short distances eliminating the cost of fuel, maintenance, service, and other miscellaneous costs.

However, the 3.6 kW to 7.2 kW segment is expected to grow at the highest CAGR during the forecast period. This category of power output is used in electric mopeds. The growth of this segment is attributed to the cost-effectiveness of electric mopeds, the ability to run 60km on a single charge, low service costs, minimum maintenance, and zero tailpipe emissions.

Based on battery technology, the Asia-Pacific electric Scooter market is segmented into the sealed lead acid battery, lithium-ion battery, and lithium-ion polymer battery. In 2022, the lithium-ion battery segment is expected to account for the largest share of the Asia-Pacific electric Scooter market. The large share of this segment is attributed to the growing use of electric and hybrid electric vehicles and the rising adoption of battery technology in the renewable energy industry.

However, the lithium-ion polymer (LiPo) battery segment is expected to grow at the highest CAGR during the forecast period. The LiPo battery is preferred by most electric bike manufacturers and is widely equipped on e-bikes. Compared to other lithium batteries, LiPo batteries are more cost-efficient without compromising performance.

Based on motor type, the Asia-Pacific electric Scooter market is segmented into hub motors and mid-drive motors. The hub motor segment is further segmented into geared hub motors and gearless hub motors. In 2022, the hub motors segment is expected to account for the largest share of the Asia-Pacific electric Scooter market. The large share of the segment is attributed to their higher flexibility and the capability to run in all-wheel-drive, providing higher stability. Additionally, the hub motor segment is expected to grow at the highest CAGR during the forecast period.

Based on charging type, the Asia-Pacific electric Scooter market is segmented into connector charging and wireless charging. In 2022, the connector charging segment is expected to account for the largest share of the Asia-Pacific electric Scooter market. The large share of the segment is attributed to the rising demand for electric Scooter for short commutes and the increasing prices of fuels. However, the wireless charging segment is expected to grow at the highest CAGR during the forecast period.

Based on end user, the Asia-Pacific electric Scooter market is segmented into government institutions, academic institutes/universities, business organizations, micro-mobility service providers, individuals, and other end users. In 2022, the business organizations segment is expected to account for the largest share of the Asia-Pacific electric Scooter market. The large share of this segment is attributed to the government initiatives to push towards faster EV adoption, last-mile transportation, and reducing road congestion. Additionally, the business organizations segment is expected to grow at the highest CAGR during the forecast period.

Based on country, China is expected to account for the largest share of the Asia-Pacific electric Scooter market in 2022. Growing government support, the increasing number of charging infrastructures, the increasing strategic business developments by energy companies, rising fuel prices, and the growing awareness regarding environmental concerns are driving the growth of electric Scooter in the Chinese market.

However, the Philippines is slated to register the highest CAGR during the forecast period. The EV adoption in this country is driven by the initiatives taken by the local government to encourage investments and the adoption of cleaner technologies.

Download Sample Report Here: https://www.meticulousresearch.com/download-sample-report/cp_id=5242

The key players operating in Asia-Pacific electric Scooter market are Yamaha Motor Co., Ltd. (Japan), Yadea Group Holdings Ltd. (China), Niu Technologies (China), Fuji-Ta Bicycle Co., Ltd. (China), Zhejiang Minimotors Bike Co., Ltd. (China), Gogoro Inc. (Taiwan), Ather Energy Pvt. Ltd. (India), Revolt motors (India), Hero MotoCorp Ltd. (India) and Dongguan Tailing Electric Vehicle Co., Ltd. (China).

Key Questions Answered in the Report:

Which are the high growth market segments in terms of vehicle type, power output, battery technology, motor type, charging type, end user, and country?
What is the historical market size for the Asia-Pacific electric Scooter market?
What are the market forecasts and estimates for the period 2022–2029?
What are the major drivers, restraints, opportunities, and challenges in the Asia-Pacific electric Scooter?
Who are the major players in the market, and what are their market shares?
Who are the major players in various countries?
How is the competitive landscape for the Asia-Pacific electric Scooter market?
What are the recent developments in the Asia-Pacific electric Scooter market?
What are the different strategies adopted by the major players in the market?
Which are the high-growth countries in the Asia-Pacific electric Scooter market?
Who are the local emerging players in the Asia-Pacific electric Scooter market, and how do they compete with other players?

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Redding, California - May 4, 2022

Asia-Pacific Electric Scooter Market Worth $ 625.03 Billion and 266.04 Million Units by 2029

Asia-Pacific Electric Scooter Market by Vehicle Type (Electric Motorcycles, E-Scooter & Bikes), Power Output (Less Than 3.6kW, 3.6kW to 7.2kW), Battery Technology (SLA, Li-ion, Li-ion Polymer), Motor Type, Charging Type, End User, and Country - Regional Forecast to 2029

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