Asia Pacific Electric Scooters Market Size & Outlook
Asia Pacific electric scooters market, 2018-2030 (US$M)
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Asia Pacific electric scooters market highlights
- The Asia Pacific electric scooters market generated a revenue of USD 24,857.1 million in 2022.
- The market is expected to grow at a CAGR of 12% from 2023 to 2030.
- In terms of segment, hub motors 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 2022 | USD 24,857.1 million |
| Market revenue in 2030 | USD 61,381.1 million |
| Growth rate | 12% (CAGR from 2022 to 2030) |
| Largest segment | Hub motors |
| Fastest growing segment | Belt Drive |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Belt Drive, Chain, Hub Motors |
| Key market players worldwide | Bayerische Motoren Werke AG ADR, Alpha Architect 1-3 Month Box ETF, Gogoro Inc, GreenPower Motor Company Inc, Honda Motor Co Ltd ADR, PIERER Mobility AG, Mahindra & Mahindra Ltd DR |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 74.9% of the global electric scooters market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 61,381.1 million by 2030.
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Electric Scooters Market Scope
Electric Scooters Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific electric scooters 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 scooters market will help companies and investors design strategic landscapes.
Hub motors was the largest segment with a revenue share of 80.07% in 2022. Horizon Databook has segmented the Asia Pacific electric scooters market based on belt drive, chain, hub motors covering the revenue growth of each sub-segment from 2018 to 2030.
China dominated the Asia Pacific electric scooters market and acquired 84.4% of regional market in 2019. This is owing to the presence of large number of electric scooter manufacturers in the China, which accounted for the majority share of the market in 2019.The countries in the region have laid down stringent regulations pertaining to the use of electric scooters on roads.
India accounted for 8.1% share of the regional electric scooters market in 2019. The market size in the country is still maturing and is expected to witness robust growth over the forecast period. The growth shall be attributed to the increasing investments from the automotive manufacturers in order to tap the wide customer base, and simultaneously increase the adoption of electric vehicles in the country.
The government of India is seeking an active participation in the promotion of electric scooters and vehicles by providing fiscal incentives, capital, and interest subsidies. Moreover, the National Electric Mobility Mission Plan (NEMMP) was announced to incentivize the production and usage of electric vehicles in the country. The government is aiming at having approximately 7 million vehicles on road by 2020.
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Our clientele includes a mix of electric scooters market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific electric scooters market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific electric scooters market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific electric scooters market size, by country, 2018-2030 (US$M)
Asia Pacific Electric Scooters Market Outlook Share, 2022 & 2030 (US$M)
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