Overview of Thailand Electric Scooter Market Size, Share, and Growth Forecast for 2023-28
The report aims to provide a comprehensive perspective on the Thailand Electric Scooter Market : Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028. It offers an industry overview, including an analysis of historical and future market growth. Key parameters such as revenue, demand, and applicable supply data are highlighted. The study offers regional estimates, forecasts, and trend analyses for various countries.
Reports Coverage:
- Historical Data: 2018-21
- Base Year: 2022
- Forecast Period: 2023-28
Insights and Analysis of the Thailand Electric Scooter Market for the Period 2023-2028:
The Thailand Electric Scooter market is projected to grow at a CAGR of around 29% during the forecast period, i.e., 2023-28. Reduced import tariffs on battery electric vehicles (BEVs), availability of efficient charging infrastructure, and the increasing presence of ride-hailing service providers such as Scoots, among others, in the country widely contributed to the demand for electric two-wheelers in Thailand during the historical period.
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Thailand Electric Scooter Market Dynamic:
Industry Driving Factor:
Rising Environmental Concerns & Low Running Cost of Electric Scooter to Enhance its Adoption - Air Pollution is a major growing concern in Thailand, owing to which more consumers are looking for environmentally-friendly transportation options. Electric scooters offer a clean & green alternative to traditional gas-powered vehicles, driving demand for these vehicles in the country. In recent years, air pollution has worsened, with more than 200,000 people being admitted to hospitals due to respiratory ailments. These surging environmental concerns would further enhance the adoption of this vehicle during the forecast period in Thailand.
Moreover, the cost of charging an e-scooter is significantly lower than the cost of filling up a gas tank, due to which consumers can save money on fuel costs over the life of the scooter. Additionally, the availability of charging stations in Thailand is increasing, making it more convenient & cost-effective for consumers to use these scooters. In addition, the country’s state-run oil company PTT Oil has planned to establish the country’s largest electric vehicle (EV) charging network, with 7,000 outlets in 2030.
As more charging stations are installed, competition among charging providers is likely to enhance, leading to lower charging costs for consumers, further reducing the running cost of an electric vehicle. Owing to this, the adoption of this vehicle is expected to rise during the forecast period.
Segmentation Analysis of the Thailand Electric Scooter Market for the Period 2023-2028:
Our team of analysts has carefully studied the market using various methods and calculations to create a detailed analysis. We've broken down the market into different sections and thoroughly examined each one. This in-depth exploration has helped us identify the standout performing segment in each section by closely examining various aspects of the market.
We have delved into the factors and trends driving increased activity in these specific segments. Additionally, we have identified the main market participants who are actively involved in these segments, giving us a complete understanding of their unique characteristics. Our study also includes a comprehensive view of the market's structural expansion, offering a clear framework to understand how it has evolved.
· By Battery
o Lead Acid
o Lithium Ion
o Others (Lithium Ion Polymer, Nickel–metal hydride battery)
· By Range
o Below 75 Miles
o 75-100 Miles
o Above 100 Miles
· By Battery Capacity
o < 2 kWh
o 2-2.5 kWh
o > 2.5 kWh
· By Application
o Commercial Use
o Personal Use
· By Region
o Midwest
o Northeast
o South
o West
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Leading Market Position in The Thailand Electric Scooter Market
In analysing the Thailand Electric Scooter Market, we conduct a thorough competitive benchmarking assessment involving key firms such as
- Gogoro
- Yamaha
- Sanyang Motor Co., Ltd
- Yadea Group Holdings Ltd.
- Vmoto Soco Group
- NIU Technologies
- EZYRIDE
- Ather
- Others
This evaluation entails a detailed review of each company's product value, capabilities, and notable attributes. Moreover, our study encompasses recent mergers, acquisitions, and product launches by these firms, aiming to offer stakeholders valuable insights into the prevailing market dynamics.
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The Thailand Electric Scooter Market Research Report for 2023-28 addresses several key questions:
1. How will the growth rate of the Thailand Electric Scooter market progress during the projected period?
2. What market factors will serve as the foundation for shaping client and business strategies?
3. Which factors are currently exerting influence, including increased demand and ongoing market advancements?
4. Among the studied market segments, which one’s present promising avenues for extended growth opportunities?
5. Which company currently holds the leading market position?
Other Reports –
3. https://friendsome.online/read-blog/11313
4. https://polkasocial.org/read-blog/7513
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