Asia Pacific Electric Mobility Market Size & Outlook

The electric mobility market in Asia Pacific is expected to reach a projected revenue of US$ 231,757.7 million by 2030. A compound annual growth rate of 15.2% is expected of Asia Pacific electric mobility market from 2023 to 2030.
Revenue, 2022 (US$M)
$74,934.0
Forecast, 2030 (US$M)
$231,757.7
CAGR, 2023 - 2030
15.2%
Report Coverage
Asia Pacific

Asia Pacific electric mobility market highlights

  • The Asia Pacific electric mobility market generated a revenue of USD 74,934.0 million in 2022.
  • The market is expected to grow at a CAGR of 15.2% from 2023 to 2030.
  • In terms of segment, chain drive was the largest revenue generating drive type in 2022.
  • Belt Drive is the most lucrative drive type segment registering the fastest growth during the forecast period.
  • Country-wise, India is expected to register the highest CAGR from 2023 to 2030.

Asia Pacific data book summary

Market revenue in 2022USD 74,934.0 million
Market revenue in 2030USD 231,757.7 million
Growth rate15.2% (CAGR from 2022 to 2030)
Largest segmentChain drive
Fastest growing segmentBelt Drive
Historical data covered2018 - 2021
Base year for estimation2022
Forecast period covered2023 - 2030
Quantitative unitsRevenue in USD million
Market segmentationBelt Drive, Chain Drive, Hub Drive
Key market players worldwideBayerische Motoren Werke AG, Honda Motor Co Ltd, Gogoro Inc, PIERER Mobility AG, Mahindra & Mahindra Ltd DR, Ninebot, Suzuki Motor Corp, Terra Motors, Yamaha Motor Co Ltd, Vmoto

Other key industry trends

  • In terms of revenue, Asia Pacific region accounted for 68.6% of the global electric mobility market in 2022.
  • Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
  • North America is the fastest growing regional market and is projected to reach USD 21,040.3 million by 2030.

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Electric Mobility Market Companies

Name Profile # Employees HQ Website

Asia Pacific electric mobility market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to electric mobility market will help companies and investors design strategic landscapes.


Chain drive was the largest segment with a revenue share of 44.97% in 2022. Horizon Databook has segmented the Asia Pacific electric mobility market based on belt drive, chain drive, hub drive covering the revenue growth of each sub-segment from 2018 to 2030.


  • Asia Pacific Electric Mobility Drive Type Outlook (Revenue, USD Million, 2018-2030)
    • Belt Drive
    • Chain Drive
    • Hub Drive
  • Asia Pacific Electric Mobility End-Use Outlook (Revenue, USD Million, 2018-2030)
    • Personal
    • Commercial
  • Asia Pacific Electric Mobility Battery Outlook (Revenue, USD Million, 2018-2030)
    • Lead-acid Battery
    • Lithium-ion Battery
    • Others

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Target buyers of Asia Pacific electric mobility market databook

  • Our clientele includes a mix of electric mobility market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific electric mobility market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific electric mobility market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Asia Pacific electric mobility market size, by country, 2018-2030 (US$M)

Asia Pacific Electric Mobility Market Outlook Share, 2022 & 2030 (US$M)

Asia Pacific electric mobility market size, by country, 2018-2030 (US$M)

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