PUBLISHER: SkyQuest | PRODUCT CODE: 1646271
PUBLISHER: SkyQuest | PRODUCT CODE: 1646271
Asia Pacific Electric Scooter Market size was valued at USD 317.94 million in 2023 and is poised to grow from USD 377.39 million in 2024 to USD 1487.31 million by 2032, growing at a CAGR of 18.7% during the forecast period (2025-2032).
Electric scooters, encompassing kick scooters, electric motorcycles, and mopeds, are gaining traction as a vital component of the e-bike market. Powered by electric motors, these scooters offer versatility for private and shared transportation, micromobility solutions, logistics, and short commutes. The rise in adoption can be attributed to supportive government policies in Southeast Asia, heightened environmental awareness, and significant investments by OEMs and ride-hailing companies in the micromobility sector. The COVID-19 pandemic further accelerated this trend as commuters sought alternatives to public transport. As nations prioritize green technologies, the manufacturing and utilization of electric scooters and motorcycles are expected to surge in the APAC region, driven by increasing air quality concerns and related awareness initiatives.
Top-down and bottom-up approaches were used to estimate and validate the size of the Asia Pacific Electric Scooter market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Asia Pacific Electric Scooter Market Segments Analysis
Asia Pacific Electric Scooter Market is segmented by Battery Type, Drive Type, End-Use and Country. Based on Battery Type, the market is segmented into Lithium-ion and Lead-acid. Based on Drive Type, the market is segmented into Belt Drive and Hub Motor. Based on End-Use, the market is segmented into Personal and Commercial. Based on region, the market is segmented into China, India, Japan, South Korea and Rest of Asia Pacific.
Driver of the Asia Pacific Electric Scooter Market
The growth of the Asia Pacific Electric Scooter market can be attributed to several key factors, including supportive government policies and regulations in Southeast Asian countries, increasing environmental awareness, and a surge in investments from original equipment manufacturers (OEMs) and ride-hailing companies focused on micro-mobility solutions. These elements have created a conducive environment for the adoption of electric scooters, making them a popular choice for urban transportation. As cities seek to address pollution and congestion issues, electric scooters are emerging as a viable alternative, further driving demand and solidifying their position in the regional mobility landscape.
Restraints in the Asia Pacific Electric Scooter Market
The COVID-19 pandemic significantly affected various sectors of the economy, particularly the urban transportation market, including the Asia Pacific Electric Scooter sector. Numerous industries faced disruptions, notably the automotive industry, as leading manufacturers either halted operations entirely or scaled back production to comply with government regulations. The stringent lockdowns and quarantine measures led to a sharp downturn in automotive activities, severely straining supply chains and limiting consumer access to electric scooters. This downturn in operations not only delayed production timelines but also dampened consumer confidence, thereby restricting the overall growth prospects for the electric scooter market amidst the ongoing recovery phase.
Market Trends of the Asia Pacific Electric Scooter Market
The Asia Pacific Electric Scooter market is witnessing a surge fueled by significant technological advancements. Enhanced connectivity features, such as SIM modules that enable cloud data transmission without relying on smartphones, are transforming the user experience. Innovations like integrated navigation, remote diagnostics, automatic emergency calls, and anti-theft systems are becoming essential for modern electric scooters, attracting tech-savvy consumers. Companies like Robert Bosch GmbH are at the forefront, leading the charge with their connected electric bikes. As urbanization and environmental consciousness rise, the demand for high-tech, connected e-scooters is set to accelerate, making it a pivotal market trend in the region.