Thailand Electric Scooter Market Insights Report Overview
According to the latest market study by MarkNtel Advisors titled “Thailand Electric Scooter Market Size, Share, Trends, Growth, Opportunity Analysis 2023-2028” presents a thorough examination of market drivers, opportunities and challenges.
Utilizing a quantitative approach, it offers precise insights into market size, share, and growth. Crafted by industry experts, the report delves into consumption patterns, geographical analysis, and competitive landscapes. Its objective is to furnish valuable insights for clients seeking to comprehend and leverage market dynamics. With a dual focus on historical achievements and future projections, it furnishes a nuanced understanding of the market terrain.
Thailand Electric Scooter Market Overview:
The Thailand Electric Scooter market is projected to grow at a CAGR of around 29% during the forecast period, i.e., 2023-28.
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Thailand Electric Scooter Market Growth Opportunity:
Government Initiatives to Reduce Greenhouse Gas Emission to Open New Windows for Market Players - The government has set a goal of reducing greenhouse emissions by 40% by 2030. For this, the government launched the EV 30@30 initiative. This initiative aims to have electric vehicles (EVs) account for 30% of all domestic vehicle sales by 2030. The Thai government has assigned the National EV Policy Committee to develop & execute an EV Roadmap that prioritizes e-mobility as a key measure for achieving the country's Nationally Determined Contribution (NDC) & Long-term, Low-emission Development Strategy (LT-LEDS) goals. These government efforts to promote electric vehicles in Thailand, coupled with the growing demand for eco-friendly & efficient modes of transportation, create a favorable environment for electric scooter companies to expand their business in the country.
Competitor Insight: Thailand Electric Scooter Market
- Gogoro
- Yamaha
- Sanyang Motor Co., Ltd
- Yadea Group Holdings Ltd.
- Vmoto Soco Group
- NIU Technologies
- EZYRIDE
- Ather
- Others
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Segmentation Summary: Thailand Electric Scooter Market
This segmentation analysis outlines prominent sections in the report's table of contents. Each segment undergoes thorough analysis, including sub-segments, to showcase both current and historical market sizes. The analysis underscores investment opportunities for rapid growth, particularly in the Thailand Electric Scooter Market, with notable highlighting on:
-By Application
- Personal Use
- Commercial Use
The Commercial sector is a major customer for electric scooters in Thailand, with many companies using them for short-distance deliveries & transportation. This has led to a significant boost in the sales volume of this vehicle in the country. In Thailand, restaurant chains like The Pizza Company, Pizza Hut, etc., have substantially adopted electrical scooters as they are more cost effective than traditional delivery vehicles. As a result, many companies, like Etran, have introduced specially designed e-scooters for delivery purposes. Moreover, many delivery services & restaurant chains are now introducing sustainability goals to reduce their carbon footprints. This would promote the use of e-mobility by these establishments, which would enhance the market growth during the forecast period.
-By Battery
- Lead Acid
- Lithium Ion
- Others (Lithium Ion Polymer, Nickel–metal hydride battery)
-By Range
- Below 75 Miles
- 75-100 Miles
- Above 100 Miles
-By Battery Capacity
- < 2 kWh
- 2-2.5 kWh
- >2.5 kWh
Thailand Electric Scooter Market Geographical Reach:
- Midwest
- Northeast
- South
- West
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Key Questions Addressed:
- Factors Driving Market Growth: Understand the primary drivers propelling the Thailand Electric Scooter market forward.
- Access to Reliable Reports: Learn where to access dependable market reports for informed decision-making.
- Growth Projections: Gain insights into anticipated growth projections for the coming years.
- Geographical Hotspots: Identify geographical poised for significant market growth soon.
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