Thailand Electric Scooter Market Growth Trends, Volume Insights & Outlook 2030

Thailand Electric Scooter Market Size & Insights

According to MarkNtel Advisors study The future of Thailand Electric Scooter Market size is valued at 3500 units in 2024 & and is projected to reach 12,000 units by 2030. Along with this, the market is estimated to grow at a CAGR of around 19.54% during the forecast period, i.e., 2025-30. 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.

What are the Key Driver in the Thailand Electric Scooter Market?

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 increase, 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.

What are the Key Segments in the Thailand Electric Scooter Market?

The Thailand Electric Scooter is categorized into notable segments, which help in understanding the structure, dynamics, and opportunities within the market. These segments are typically based on:

• 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. Lithium-ion batteries can store more energy in a smaller & lighter package than lead-acid batteries, allowing electric vehicles to travel long distances on a single charge.

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• 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

How does geographical analysis highlight in the Thailand Electric Scooter market?

• By Region
  • Midwest
  • Northeast
  • South
  • West

Who are the Key Players in 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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Thailand Electric Scooter Market News

• 2024: Electric vehicle company, Vmoto Limited is pleased to announce that it has entered into a joint investment agreement with Skipper, a business group in Thailand, to set up GoRide in Thailand to focus on the business of 2-wheel electric vehicle sale and rental to riders and businesses targeting business-to-business customers and renting to end users within taxi, student and tourism transport.

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• In-depth Market Analysis: Understand trends and dynamics shaping growth.
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• Risk Identification: Pinpoint challenges to inform strategic planning.
• Future Forecasts: Prepare for market changes with actionable projections.

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