Green Commute Revolution: Asia-Pacific Electric Scooter Market Outlook

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

Global Asia-Pacific Electric Scooter Market 2022-2029 Meticulous Research , a premier market research firm, has recently unveiled a comprehensive report titled Asia-Pacific Electric Scooter Market, delving into various facets of this burgeoning industry. Projections suggest a remarkable journey ahead, with the market poised to exhibit a robust CAGR of 28.9% from 2022 to 2029, surging to a value of $625.03 billion by the end of the forecast period. In terms of volume, the market is anticipated to reach 266.04 million units by 2029, propelled by a steady CAGR of 26.4%. Driving this growth are a confluence of factors including supportive governmental policies, escalating environmental consciousness, and substantial investments from Original Equipment Manufacturers (OEMs) and ride-hailing enterprises into micro-mobility initiatives. Moreover, the declining costs of batteries present notable opportunities for market expansion. However, challenges loom, notably the substantial initial investments required for procuring electric two-wheelers and the escalating instances of theft and vandalism in certain Asian regions. Additionally, concerns such as range anxiety and inadequate cycling infrastructure in developing nations within the Asia-Pacific region pose significant hurdles. The report segments the Asia-Pacific electric scooter market based on various parameters including vehicle type, power output, battery technology, motor type, charging methodology, end user, and country. Notably, it provides a meticulous analysis of industry competitors and offers insights at the national level. In terms of vehicle types, the market is divided into electric motorcycles and e-scooters & bikes. Electric motorcycles presently dominate the segment owing to favorable governmental policies promoting electric mobility and increasing consumer awareness regarding environmental sustainability. However, e-scooters & bikes are expected to witness the highest growth rate, driven by government subsidies and their burgeoning use in courier and e-commerce delivery services. Page 1 of 3 Meticulous Research| sales@meticulousresearch.com

Global Asia-Pacific Electric Scooter Market 2022-2029 Power output segmentation reveals three categories: less than 3.6 kW, 3.6 kW to 7.2 kW, and 20 kW to 100 kW. The less than 3.6 kW segment currently commands the largest market share, primarily due to its utility as a cost-effective last-mile transportation solution. Conversely, the 3.6 kW to 7.2 kW segment is anticipated to witness the highest growth, buoyed by its cost- effectiveness and environmental friendliness. Battery technology segmentation includes sealed lead acid, lithium-ion, and lithium-ion polymer batteries. While lithium-ion batteries currently dominate the market, lithium-ion polymer batteries are projected to exhibit the highest growth rate, favored for their cost-efficiency without compromising performance. Motor types encompass hub motors and mid-drive motors, with hub motors leading the market owing to their flexibility and stability, particularly in all-wheel-drive scenarios. Charging types include connector charging and wireless charging, with the latter anticipated to witness the highest growth owing to its convenience. End-user segmentation spans government institutions, academic institutes/universities, business organizations, micro-mobility service providers, individuals, and others. Currently, business organizations hold the largest market share, driven by governmental initiatives promoting EV adoption and last-mile transportation solutions. Geographically, China commands the largest share of the market, driven by robust governmental support and strategic business developments. However, the Philippines is expected to exhibit the highest growth rate, buoyed by local governmental initiatives promoting investments and the adoption of cleaner technologies. Page 2 of 3 Meticulous Research| sales@meticulousresearch.com

Global Asia-Pacific Electric Scooter Market 2022-2029 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? Contact Us: Meticulous Email- sales@meticulousresearch.com Contact Connect with us on research Research Sales- +1-646-781-8004 LinkedIn- https://www.linkedin.com/company/meticulous- Page 3 of 3 Meticulous Research| sales@meticulousresearch.com