Market Outlook
According to the report by Expert Market Research (EMR), the Chile Electric Scooter Market Trends is assessed to grow at a CAGR of 17.8% between 2023 and 2028. Aided by the rising trend of sustainability and the growing demand for micro-mobility solutions, the market is projected to witness a rapid growth by 2028.
Electric scooters are battery-operated vehicles that have grown in popularity as an environmentally friendly and convenient alternative to traditional modes of transport. They are commonly used in various environments, including urban areas, campuses, parks, and industries, aiding the Chile electric scooter market growth. Electric scooters play a crucial role in reducing traffic congestion, lowering carbon emissions, and providing cost-effective transportation. Apart from these advantages, electric scooters also meet the increasing consumer preference for personal mobility, making them a popular choice in today’s mobility landscape.
The growing consumer awareness about environmental sustainability is driving the Chile electric scooter market growth. With the increasing understanding of the environmental impact of conventional vehicles, there has been a significant shift towards greener and more sustainable transportation options, leading to a surge in demand for electric scooters. Additionally, the rising trend of urbanisation and smart cities has further contributed to the increasing popularity of electric scooters, as they provide an efficient solution for short-distance travel in congested urban environments.
The expanding applications of electric scooters in various sectors also play a significant role in propelling the Chile electric scooter market demand. In the industrial sector, electric scooters are used for efficient and quick transportation within large facilities and campuses. The tourism sector utilises electric scooters as a fun and eco-friendly way for tourists to explore destinations. Furthermore, with the rise of e-scooter sharing services, electric scooters have also become an integral part of the urban public transportation network, accelerating the Chile electric scooter market development.
Furthermore, the increasing support from the Chilean government for electric mobility has led to an increased focus on electric scooters. Various incentives and subsidies are being provided to promote the adoption of electric vehicles, including scooters. With the growing emphasis on reducing carbon emissions and promoting sustainable urban development, electric scooters have emerged as a preferred choice for urban mobility, thereby boosting the Chile electric scooter market expansion.
Market Segmentation
The market can be divided based on battery, technology, distance cover, and end use.
Market Breakup by Battery
- Lead Acid
- Li-Ion
- Others
Market Breakup by Technology
- Removable Battery
- Non-Removable Battery
Market Breakup by Distance Cover
- Below 75 Miles
- 75 to 100 Miles
- More than 100 Miles
Market Breakup by End Use
- Private
- Commercial
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the Chile electric scooter companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- AZUR Servicios Integrales Spa (CITYCOCO)
- EGOMOTO
- Super Soco
- LVN Chile
- Horwin Chile
- Völmark Chile
- Xiaomi Inc.
- Niu International Co., Ltd.
- Others
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