SEA Electric Scooters And Motorcycles Market Size By Vehicle Type (E-scooters, E-motorcycles), By Motor Speed (3.5KW-6.5KW, Below 3.5KW), By Battery Type (Sealed Lead-acid, Lithium-ion), By Voltage (36 V,48 V, 60 V), By Geographic Scope And Forecast

SEA Electric Scooters And Motorcycles Market Size And Forecast

SEA Electric Scooters And Motorcycles Market size was valued at USD 939.76 Million in 2022 and is projected to grow to USD 14,998.89 Million by 2030, with a CAGR of 46.45% between 2023-2030.

The rise in the demand for personal mobility and the emergence of local e-commerce businesses have significantly contributed to the growth of the Southeast Asia (SEA) . The SEA Electric Scooters And Motorcycles Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

SEA Electric Scooters And Motorcycles Market Definition

The Southeast Asia (SEA) electric motorcycle and scooter market is witnessing significant growth, and it holds promising opportunities for the future. This dynamic market is influenced by various factors, including rapid urbanization, mounting concerns about traffic congestion, and a growing awareness of environmental issues. These factors are reshaping the transportation landscape in the region. Governments across SEA are actively supporting the adoption of electric mobility. They are implementing incentives, subsidies, and infrastructural developments like charging stations to promote electric two-wheelers.

It's awesome to see how this support is making people feel good about buying stuff, plus it's getting manufacturers and startups excited to invest! One of the big things happening in Southeast Asia? Affordable and lightweight electric scooters are totally taking over for city commutes. Big names like Honda, Yamaha, and Suzuki are jumping in, making scooters that fit what people here want and can afford. These scooters are a sustainable and cheap way to deal with all the traffic jams in the region. But hey, remember that Southeast Asia is super diverse – each country has its own vibe. For instance, Indonesia is blowing up as one of the fastest-growing markets and they're even planning to ditch regular motorcycles by 2040!

Local brands like Gesits are gaining popularity. Meanwhile, Vietnam is experiencing a surge in electric scooter adoption, driven by a rapidly growing economy and urbanization. Companies like VinFast are investing heavily in electric mobility. Thailand has set its sights on becoming a regional hub for electric vehicle manufacturing. The Thai government is offering incentives for EV production, attracting investments from companies like Giant Bicycles. Malaysia is also making strides in the electric vehicle ecosystem, focusing on manufacturing and local production of components. Moreover, public transportation services in Malaysia are increasingly adopting electric scooters.

SEA Electric Scooters And Motorcycles Market Overview

Southeast Asia's Electric Scooters and Motorcycles Market is really taking off, and you can thank two big trendspeople wanting to get around easier and the boom in local online shopping. These things are connected, really pushing people toward electric two-wheelers. Think about itso many cities in SEA are a mess of traffic, making commutes a nightmare. Personal rides like electric scooters and motorcycles? They're a way to cut through the gridlock and get you where you need to be faster. Plus, with everyone moving to cities, space is tight, so having something compact like an electric scooter or motorcycle is a huge advantage when you're trying to park and get around.

Electric two-wheelers? They're perfect for cities! Think about itless parking hassle and weaving through those crazy streets is a breeze. And with all those local e-commerce businesses and food delivery apps popping up around SEA, everyone's looking for quick delivery. That’s where electric scooters and motorcycles shine - they're cheap to run and good for the planet. You know, a lot of restaurants and online stores are already using them for deliveries. Plus, electric vehicles save businesses money! Less maintenance and cheaper energy bills? That’s a win-win.

Okay, so one of the big things holding back electric scooters and motorcycles in Southeast Asia (SEA) is the lack of charging stations. I mean, who wants to worry about their battery dying halfway to where they're going, especially on a long ride? It can be a real hassle trying to plan your route around the few charging points that exist, and that seriously limits your freedom. Because of this, the whole electric two-wheeler market just isn't growing as fast as it could, even though they'd be perfect for getting around cities here. And honestly, with so few places to charge, some people might just go back to gas-powered bikes, which means more traffic and pollution.

SEA Electric Scooters And Motorcycles MarketSegmentation Analysis

The Southeast Asia (SEA) Electric Scooters and Motorcycles Market is segmented on the basis of Vehicle Type, Motor Speed, Battery Type, Voltage, and Geography.

SEA Electric Scooters And Motorcycles Market, By Vehicle Type

• E-scooters
• E-motorcycles

Let's talk about the types of electric vehicles we're seeing out there. Based on Vehicle Type, the market breaks down into two main playersE-scooters and E-motorcycles. Right now, E-motorcycles are in the lead, grabbing a whopping 89.61% of the market in 2022, and they're expected to keep growing fast! E-scooters came in second last year. These electric scooters, you know, the ones we often call e-scooters, are those small, two-wheeled rides powered by batteries. They look a lot like regular scooters, but instead of a gas engine, they've got an electric motor and a battery you can recharge. You stand on a platform, give it a push, and steer with the handlebars. They're becoming super popular, especially for quick trips around town and getting you that last little bit of the way – a really convenient and eco-friendly way to get around!

SEA Electric Scooters And Motorcycles Market, By Motor Speed

• 3.5KW-6.5KW
• Below 3.5KW
• Above 6.5 KW

When we look at Motor Speed, the market breaks down into three main groups3.5KW-6.5KW, Below 3.5KW, and Above 6.5 KW. The 3.5KW-6.5KW segment really took the lead in 2022, grabbing a big 58.92% of the market, and we're expecting it to keep growing fast! The Below 3.5KW category was the second biggest in 2022. You'll often find low-power electric scooters here, perfect for short trips around the city or as a starting point for new riders. These are great if you need something affordable and eco-friendly for basic transportation. Because they're not super powerful, they work best in cities where the speed limits are lower and you're not going too far.

SEA Electric Scooters And Motorcycles Market, By Battery Type

• Sealed Lead-acid
• Lithium-ion

Based on Battery Type, the market is segmented into Sealed Lead-acid and Lithium-ion. Sealed Lead-acid accounted for the largest market share of 80.24% in 2022 and is projected to grow at the highest CAGR during the forecast period. Lithium-ion was the second-largest market in 2022. SLA batteries are known for their durability and ability to withstand harsh environmental conditions. This makes them suitable for rugged and varied terrains, which is common in some parts of the SEA region.

SEA Electric Scooters And Motorcycles Market, By Voltage

• 36 V
• 48 V
• 60 V
• 72 V

Based on Voltage, the market is segmented into 36 V,48 V, 60 V, and 72 V. 48 V accounted for the largest market share of 63.47% in 2022 and is projected to grow at the highest CAGR during the forecast period. 60 V was the second-largest market in 2022. 48V batteries are commonly used in the electric scooter and motorcycle market, offering a higher voltage compared to 36V batteries. This higher voltage provides increased power and performance, expanding the range of applications and use cases.

SEA Electric Scooters And Motorcycles Market, By Geography

• Vietnam
• Indonesia
• Philippines
• Thailand
• Malaysia
• Singapore
• Rest of SEA

Based on Geography, the SEA Electric Scooters And Motorcycles Market is segmented into Vietnam, Indonesia, Philippines, Thailand, Malaysia, Singapore, and the Rest of SEA. Vietnam accounted for the largest market share of 80.25% in 2022 and is projected to grow at a CAGR during the forecast period. Indonesia was the second-largest market in 2022. However, the Philippines is projected to grow at the highest CAGR.

Key Players

The “SEA Electric Scooters And Motorcycles Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Hyundai Motors, Gojek, Dat Bike, Vespa Electric, Energica Motor Company, Evolet, Treeletrik, Neuron Mobility, VinFast, and Inokim. This section provides a company overview, ranking analysis, company regional and industry footprint, and ACE Matrix.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis.

Company Market Ranking Analysis

Want to know who's leading the pack in the Electric Scooter & Motorcycles Market? Our company ranking analysis dives deep to give you the scoop on the top 3 players. It's not just a popularity contest, we're looking at the whole picture! We're talking about Hyundai Motors, Gojek, and Dat Bike. To figure out who's on top, we consider their brand value, their awesome product lineup (think variations, specs, and price!), how far their reach extends across different regions, how well their products are selling, and their slice of the revenue pie. We also dig into their product tech and any cool new strategies they're using to boost their global or regional presence. And, of course, we check out their distribution network (both online and offline) to see how strong their foothold is in the various Electric Scooters & Motorcycles Markets.

Company Industry Footprint

The company industrial footprint section provides a cross-analysis of industry verticals and market players that gives a clear picture of the company landscape concerning the industries they serve their products. For instance, Hyundai Motors has its presence in all the above industries. All the companies considered for profiling are reviewed similarly under this section. These sections help us to understand the overall Electric Scooter & Motorcycles Market presence on a SEA and country level.

Ace Matrix

This section of the report provides an overview of the company evaluation scenario in the Electric Scooter & Motorcycles Market. The company evaluation has been carried out based on the outcomes of the qualitative and quantitative analyses of various factors such as the product portfolios, technological innovations, market presence, revenues of companies, and the opinions of primary respondents.

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Reasons to Purchase this Report

We'll dig into the market using both qualitative and quantitative analysis, breaking it down into segments based on things like the economy, but also other non-economic stuff. You'll get market value data in USD Billion for every little slice of the market. We'll point out which region and segment we think is going to grow the fastest and be the biggest. Expect a geographic breakdown, showing where the product/service is being used and what's driving the market in each area. We'll also cover the competitive landscape with rankings of the top players, plus details on new product launches, partnerships, expansions, and acquisitions from the last five years for all the companies we profile. Speaking of company profiles, we'll give you the lowdownoverview, insights, benchmarking, and a SWOT analysis for the major market players. You'll get a look at the current and future of the industry, factoring in recent happenings like growth opportunities, drivers, challenges, and restraints in both new and established regions. We'll even give you an in-depth analysis through Porter's five forces and provide a value chain perspective. Finally, we'll explore market dynamics and point out future growth possibilities. Oh, and there's 6-month analyst support after you buy!

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