Thailand Electric Scooter Market Size, Share, Trends, Demand, Growth and Competitive Analysis 2028

The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape.

In-Depth Market Overview of Thailand Electric Scooter Market (2023-2028):

According to the latest report, the Thailand Electric Scooter Market  size is valued at around USD 9.46 Million in 2024 is projected to grow at a CAGR of around 29% during the forecast period, i.e., 2023-28. The report demonstrates the prominent factors propelling the exponential growth of the Thailand Electric Scooter Market.

Key Takeaways: Beneficial for Stakeholders and Clients

·        Historic Period: 2018-2021

·        Base year: 2022

·        Forecast Years: 2023-2028

·        CAGR (2023-28): 29%

·        Market Value (2024): USD 9.46 Million

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What are the major Driver the Thailand Electric Scooter industry?

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.

Thailand Electric Scooter Market Segmentation

The Thailand Electric Scooter Market analysis of MarkNtel Advisors explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:

• 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
• By Application
• Commercial Use
• Personal Use
• By Region
• Midwest
• Northeast
• South
• West 

As per the regional aspect, the Thailand Electric Scooter Market is expected to be dominated by the Thailand by capturing the potential market share. 

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Top Companies in the 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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