MarkNtel Advisors recently released a research report focusing on the Thailand Electric Scooter Market for the forecast period of 2023-28. This approach enhances user understanding and supports well-informed decision-making. The report comprehensively addresses significant changes, gap analyses, emerging opportunities, trends, industry dynamics, and competitive challenges using qualitative and quantitative data. To familiarize established businesses and newcomers with the present market scenario, the report offers detailed growth prospects for the industry and concise insights into competitors.
Thailand Electric Scooter Market Insight and Analysis:
The Thailand Electric Scooter market is projected to grow at a CAGR of around 29% during the forecast period, i.e., 2023-28.
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Thailand Electric Scooter Industry Segmentation:
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
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Geographical overview:
-Midwest
-Northeast
-South
-West.
The Thailand Electric Scooter Market Trend:
Long Range Electric Scooters Waving New Tides - Long-range electric scooters enable riders to travel greater distances without needing to recharge, making them more practical for daily commutes longer journeys. As a result, demand for these long-range scooters is growing. Owing to this, companies like Sleek EV, Etran, etc., have launched scooters with a higher range in the country. In Thailand, traffic congestion is a significant problem, especially in urban areas scooters that offer longer ranges can provide a sustainable convenient alternative for commuting without contributing to the problem of traffic congestion air pollution.
Moreover, the long-range e-scooters can also help to address concerns about range anxiety among consumers which would further raise the demand for these scooters. This growing demand would make Thailand an attractive market for companies to launch more long-range of this vehicle during the forecast period.
Top Leading key players of Thailand Electric Scooter Market
A thorough examination of the competitive landscape of the market involves a comprehensive analysis of its key competitors. This analysis delves deep into each company's profile, financial achievements, market presence, potential, Research and Development (RD) expenditures, recent strategic initiatives in the market, footprint, strengths, weaknesses, and market dominance. The information provided offers a comprehensive overview of the leading market players, including –
-Gogoro
-Yamaha
-Sanyang Motor Co., Ltd
-Yadea Group Holdings Ltd.
-Vmoto Soco Group
-NIU Technologies
-EZYRIDE
-Ather
-Others.
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The Thailand Electric Scooter Market report addresses the following concern:
- The Thailand Electric Scooter Market report explores the influence of key trends on market share within the primary segments.
- What are the leading market trends that propel the expansion of the Thailand Electric Scooter market?
- What are the projected CAGR, market size, and growth rate for the Thailand Electric Scooter Market in the upcoming years?
- What are the key players in the Thailand Electric Scooter market, and what strategies are they implementing?
- What factors, such as industry trends, drivers, and challenges, are contributing to the growth of the Thailand Electric Scooter market?
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