Electric Scooter Market, By Battery Type (Lead-based, Li-ion, and NiMH), By Product Type (Standard, Folding, Self-Balancing, Maxi, and Three wheeled), By Voltage (48-59V, 60-72V, 73-96V, and Above 96V), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

Published In : Jun 2024

Code : CMI1717

Pages :130

Formats :

Excel and PDF

Industry : Automotive and Transportation

Regional Analysis

Electric Scooter Market Regional Insights

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In 2024, the Asia Pacific region is projected to dominate the electric scooter market, holding the largest market share of 74.9%. This significant share underscores the region's leading role in the adoption and proliferation of electric scooters, driven by a combination of favorable government policies, rising environmental awareness, and increasing urbanization. Major economies such as China, India, and Japan are at the forefront of this growth, investing heavily in electric mobility infrastructure and incentivizing consumers through subsidies and tax benefits.

Moreover, the Asia Pacific region is expected to exhibit the highest Compound Annual Growth Rate (CAGR) of 11.6% in 2024, outpacing all other regions. This impressive growth rate is fueled by continuous advancements in battery technology, which address concerns regarding range and cost, making electric scooters more accessible and appealing to a broader audience. Additionally, the region's focus on developing robust charging infrastructure and enhancing safety standards further supports the mainstream adoption of electric scooters. These factors collectively position the Asia Pacific region as the epicenter of the electric scooter market, driving innovation and setting the pace for global trends in sustainable urban transportation.