Market Overview:
This report presents an extensive evaluation of the Thailand Electric Scooter Market, focusing on historical data from 2018 to 2021 while offering detailed forecasts for the period between 2023 to 2028. The analysis encompasses various aspects, including market Size, Share, Growth, Analysis, Trends and competitive insights.
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Table of Contents (Thailand Electric Scooter Market)
- Executive Summary
- Market Definition & Research Methodology
- Market Dynamics: Drivers, Challenge, Trend and Opportunities
- Segment Analysis and Geographical Breakdown
- Competitive Landscape & Strategic Initiatives
- Regulatory Environment & Policy Factors
- Growth Forecast Model (2023–2028)
- Appendix: Company Profiles, Data Sources, Methodology
What’s covered in the report?
Market Key Driver:
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.
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Leading players of Thailand Electric Scooter Market including:
- Gogoro
- Yamaha
- Sanyang Motor Co., Ltd
- Yadea Group Holdings Ltd.
- Vmoto Soco Group
- NIU Technologies
- EZYRIDE
- Ather
- Others
Thailand Electric Scooter Market Segmentation:
By Battery
- Lead Acid
- Lithium Ion
- Others (Lithium Ion Polymer, Nickel–metal hydride battery)
Among both, the scooters with lithium-ion batteries have showcased significant sales figures during the historical period due to various reasons like longer range, fast charging capability, and better performance.
By Range
- Below 75 Miles
- 75-100 Miles
- Above 100 Miles
By Battery Capacity
- < 2 kWh
- 2-2.5 kWh
- > 2.5 kWh
By Application
- Commercial Use
- Personal Use
The Commercial sector is a major customer for electric scooters in Thailand, with many companies using them for short-distance deliveries & transportation.
By Region
- Midwest
- Northeast
- South
- West
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Key Highlights of MarkNtel Advisors' Research Methodology
- MarkNtel Advisors uses a robust methodology for accurate market analysis.
- Research objectives are clearly defined with tailored methodologies for clients.
- A representative sample is selected to ensure reliable data collection.
- Data analysis includes cleaning, statistical evaluations, and validation checks.
- Predictive modeling forecasts trends, and reports include strategic recommendations.
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