South Korea Electric Two-wheeled Scooters Market was valued at USD 1 Billion in 2022 and is projected to reach USD 2.5 Billion by 2030, growing at a CAGR of 12% from 2024 to 2030.
The Electric Two-wheeled Scooters Market in South Korea is rapidly growing, driven by increasing demand for eco-friendly transportation solutions. These scooters are not only environmentally friendly but also offer a convenient, cost-effective means of mobility in densely populated cities. South Korea’s commitment to reducing carbon emissions and its focus on smart city infrastructure are contributing factors to the expansion of this market. The electric two-wheeled scooter industry in South Korea has caught the attention of various sectors, including the automotive, logistics, and tourism industries, which have specific requirements and applications for these vehicles.
Electric two-wheeled scooters have found significant use in urban transportation, especially in cities like Seoul, where traffic congestion and pollution levels are high. They provide a solution for last-mile connectivity, making them a preferred choice for delivery services, short commutes, and even tourist rentals. The requirement for scooters is highest in urban areas where public transportation options may not always be the most efficient for short trips. With their compact size and ability to avoid traffic, electric scooters offer a great alternative to cars and buses.
Industries such as logistics are increasingly integrating electric scooters into their operations. Delivery companies can use these scooters to navigate through narrow streets and avoid congestion, providing quicker and more efficient services to customers. The tourism industry also benefits from the availability of electric scooters, as tourists can rent them for exploring cities in an eco-friendly manner. This demand is further supported by government incentives, which encourage businesses to adopt sustainable transportation options.
For electric two-wheeled scooters to thrive, South Korea's industries require scooters that are durable, safe, and equipped with advanced technologies such as GPS tracking, long-lasting batteries, and user-friendly interfaces. Furthermore, the integration of charging stations throughout the country is essential to ensure the smooth operation of these scooters. With the South Korean government's strong support for green initiatives, the future of electric two-wheeled scooters in the market looks promising, and industries are increasingly relying on them for both personal and commercial use.
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Electric Two-wheeled Scooters Market
Electric Kick Scooters
Electric Folding Scooters
Electric Cruiser Scooters
Electric Off-Road Scooters
Electric Mini Scooters
Lithium-ion Batteries
Lead-acid Batteries
Nickel-metal Hydride Batteries
Solid-state Batteries
250W to 350W
350W to 500W
500W to 750W
750W and above
Up to 15 km/h
15 km/h to 25 km/h
25 km/h to 35 km/h
Above 35 km/h
Personal Use
Commercial Use
Corporate Fleets
Tourism and Rental Services
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Electric Two-wheeled Scooters Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Electric Two-wheeled Scooters Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Electric Two-wheeled Scooters Market, By Type
6. South Korea Electric Two-wheeled Scooters Market, By Application
7. South Korea Electric Two-wheeled Scooters Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Electric Two-wheeled Scooters Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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