Asia Pacific Electric Scooter Market (By Battery Type: Lithium-ion, Lead-acid; By Drive Type: Belt Drive, Hub Motor; By End-use: Personal, Commercial) - Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook and Forecast 2024-2033

Asia Pacific Electric Scooter Market Size and Growth 2024 to 2033

The Asia Pacific electric scooter market size was valued at USD 27.95 billion in 2023 and it is predicted to surpass around USD 86.42 billion by 2033 with a CAGR of 11.95% from 2024 to 2033. The Asia Pacific electric scooter market has witnessed remarkable growth over the past decade. Increasing environmental concerns, rising fuel prices, and the growing demand for efficient urban mobility solutions are key drivers shaping the market. With governments across the region focusing on reducing carbon emissions, electric scooters have emerged as a sustainable alternative to traditional fuel-powered vehicles.

Key Pointers

• China led the global market with the largest market share of 80% in 2023.
• By Drive Type, the hub motor segment captured the maximum market share of 82% in 2023.
• By Drive Type, the belt drive segment is estimated to expand the fastest CAGR during the forecast period.
• By Battery Type, the lithium-ion battery segment generated the maximum market share of 75% in 2023.
• By End-use, the personal use segment contributed the largest market share of 69% in 2023.
• By End-use, the commercial segment is anticipated to grow at the noteworthy CAGR from 2024 to 2033. 

What are the Growth Factors of Asia Pacific Electric Scooter Market?

The growth of the Asia Pacific electric scooter market is driven by an increasing environmental concern and the push for sustainable urban mobility solutions are encouraging the adoption of electric scooters as an eco-friendly alternative to traditional fuel-powered vehicles. Governments in the region are providing substantial incentives, including subsidies and tax rebates, to promote electric vehicle usage, further fueling market expansion. Technological advancements, particularly in battery efficiency and charging infrastructure, are enhancing the convenience and reliability of electric scooters, making them more appealing to consumers. Additionally, rising fuel prices and growing urbanization have contributed to the increased demand for cost-effective, efficient transportation options, accelerating market growth across major economies like China, India, and Japan.

What are the Trends in Asia Pacific Electric Scooter Market?

• Increased Focus on Sustainability: Governments across the Asia Pacific region are prioritizing environmentally friendly transportation options to reduce carbon emissions. This focus on sustainability has led to growing adoption of electric scooters, as they offer a zero-emission alternative to conventional fuel-powered vehicles.
• Rising Urbanization and Traffic Congestion: As urban populations grow, cities in the region face increasing traffic congestion. Electric scooters, with their compact size and ease of use, provide an efficient solution for short-distance travel, making them a popular choice for urban commuters.
• Technological Advancements in Battery Technology: Significant improvements in lithium-ion batteries, including longer battery life, faster charging, and swappable battery systems, are boosting the electric scooter market. These innovations enhance the performance and convenience of electric scooters, making them more appealing to consumers.
• Expansion of Charging Infrastructure: One of the major challenges for the widespread adoption of electric vehicles, including scooters, is the availability of charging stations. However, governments and private players in the Asia Pacific are investing heavily in developing public and private charging networks, making it easier for users to charge their scooters.

What are the Key Challenges Faced by Asia Pacific Electric Scooter Market?

• High Initial Cost: The upfront cost of electric scooters, particularly those with advanced battery technologies like lithium-ion, remains higher compared to traditional fuel-powered scooters. This price difference can deter price-sensitive consumers from adopting electric scooters.
• Battery Performance and Range Anxiety: Concerns over the limited range of electric scooters and inconsistent battery performance, especially in extreme weather conditions, contribute to "range anxiety" among potential buyers, limiting the appeal of electric scooters for longer commutes.
• Battery Replacement Costs: The cost of replacing batteries, particularly lithium-ion batteries, is high and can significantly impact the overall cost of owning an electric scooter. This adds to consumer hesitation in adopting electric scooters.
• Lack of Standardization: There is a lack of uniform standards for electric scooter components, such as batteries and charging connectors, across different manufacturers. This complicates the development of a cohesive infrastructure and creates issues in maintenance and repair.

Drive Type Insights

The hub motor segment dominated the Asia Pacific electric scooter market in 2023, accounting for over 82% of the market share. This is primarily due to the cost-effectiveness of hub motors, as they reduce production costs compared to other drive types. Additionally, hub motors offer several technical advantages such as lower transmission power, better performance, and easier integration into electric scooters, making them the preferred choice for manufacturers. These benefits continue to drive the growth of this segment.

The belt drive segment is expected to witness significant growth during the forecast period. Belt drive scooters are gaining popularity due to their low maintenance, durability, and lightweight nature. They also offer better performance, enhanced motor cooling, and protection from overloading and slipping. These advantages make belt drive scooters an attractive option, and their adoption is likely to increase in the coming years.

Battery Type Insights

The lithium-ion battery segment held the largest market share, accounting for over 75% in 2023. The growth of this segment is attributed to innovations in battery chemistry that provide improved range, faster charging times, and lower discharge rates. Moreover, the increasing focus on sustainable mobility has prompted major economies like India and China to introduce initiatives such as reduced import duties and subsidies to lower the cost of lithium-ion batteries, boosting electric scooter adoption.

For example, in February 2023, the Indian government reduced the customs duty on lithium-ion batteries from 21% to 13%, which is expected to lower electric scooter prices. Additionally, the government announced exemptions on duties for machinery and capital goods needed for lithium-ion battery production, further reducing battery costs over the forecast period.

The lithium-ion battery segment is projected to continue its growth trajectory, driven by advancements in battery structure and chemistry aimed at improving storage capacity and reducing charging time. Market leaders are also investing heavily in research and development to address challenges such as high battery costs and safety concerns, creating new opportunities for growth in this segment.

End-use Insights

The personal use segment led the market with a 69% share in 2023. Key drivers for this segment include the integration of telematics, improved battery range, and the growing popularity of electric scooters among millennials. Additionally, manufacturers are strategically placing charging stations in high-traffic areas such as shopping centers and restaurants, further supporting the growth of the electric scooter market in the region.

The commercial segment is expected to grow significantly over the forecast period, driven by the use of electric scooters for last-mile deliveries by e-commerce companies. The rising demand for quick commuting options, especially in congested urban areas, has also spurred the growth of electric scooter rental services. Furthermore, the expansion of last-mile delivery and logistics sectors is leading to increased deployment of electric scooters, as manufacturers collaborate with delivery service providers to expand their fleets.

For instance, in April 2023, Hero Electric partnered with Shadowfax Technologies Pvt. Ltd., a third-party logistics platform, to supply electric scooters for last-mile deliveries. Hero Electric aims to convert 25% of Shadowfax's delivery fleet to electric scooters, supporting the transition to carbon-free mobility in logistics.

Country Insights

China held the largest market share in the Asia Pacific electric scooter market, accounting for 80% in 2023. The country's dominance can be attributed to the presence of major global manufacturers like Yadea, Jiangsu Xinri Electric Vehicle Co., Ltd., and Niu International, who have a large customer base. Additionally, factors such as rapid urbanization, increasing affordability of electric scooters, and rising consumer awareness of clean energy solutions are driving market growth in China. Technological advancements in battery management systems and the availability of raw materials are expected to create further opportunities for growth in the country.

The India electric scooter market is projected to grow significantly in the coming years. This growth is driven by increased government support, both at the central and state levels, for electric vehicle adoption. Initiatives such as reduced customs duties on machinery needed for lithium-ion cell production, as well as the growing preference for electric scooters in tier 2 and 3 cities, are contributing to the market's expansion.Top of FormBottom of Form

Who are the Top Manufactures in Asia Pacific Electric Scooter Market?

• Ather Energy Private Limited
• Gogoro, Inc.
• Greaves Electric Mobility Private Limited.
• Greenwit Technologies Inc.
• Hero Electric
• Honda Motor Co. Ltd.
• Jiangsu Xinri E-Vehicle Co., Ltd.
• Niu International
• Ola Electric Mobility
• Terra Motors Corporation
• TVS Motor Company
• Yadea Technology Group Co., Ltd.
• Yamaha Motor Company Ltd.

Asia Pacific Electric Scooter Market Segmentations:

By Drive Type 

• Belt Drive
• Chain Drive
• Hub Motors

By Battery Type 

• Lead Acid
• Lithium-Ion
• Other

By End-use 

• Personal
• Commercial

By Country

• China
• India
• Japan
• Thailand
• South Korea
• Indonesia
• Philippines
• Vietnam