Latin America Electric Scooters Market (2021-2027) | Share, Analysis, Forecast, Revenue, Trends, Growth, industry, Outlook & COVID-19 IMPACT

Latest 2023 Development of the Latin America Electric Scooters Market

Latin America Electric Scooters Market has been rapidly growing in the forthcoming years driven by growing interest in sustainable transportation and rapid urbanization. Several companies have been investing in the development of electric scooters and launching new products in the market to gain a competitive edge. The market has undergone various latest development over the years. For instance, the expansion of Lime in the region as it is one of the leading electric scooter companies in the world. Additionally, companies are investing in charging infrastructure in the region to ensure that electric scooters are widely available in Latin America. Moreover, the government of Latin America have been supporting the adoption of electric scooters by providing incentives and subsidies for electric scooters.

The major companies are investing in the development of innovative technologies such as longer ranges, more efficient batteries for electric scooters, and improved safety features. The major developments are proliferating the growth of the electric scooter market in Latin America in the years to come. As a result, this makes it easier and more convenient for people to adopt electric scooters as an eco-friendly option.

Latin America Electric Scooters Market Synopsis

Latin America Electric Scooter Market is anticipated to gain sound growth prospects in the coming time zone on the back of an increase in the growth of electric mobility leading to increased adoption of the same. The basic growth proliferator for the market growth is becoming the release of electric mobility and a spur in the affordability, ease of commute, and increased inclination towards environment sustainability aspects which is anticipated to assist swift product market growth in the coming future. 

Latin America Electric Scooters Market is expected to gain growth prospects in the coming years. Many companies in the Latin America region are introducing new scooters due to the increasing preference for female riders. Continuous business expansions of prominent scooter manufacturing companies across the region and their continuous research and development activities to manufacture technologically advanced, economical as well as efficient tires are further expected to boost the competition in the scooter market across Latin America course of the forthcoming years. Furthermore, the sales of scooters will witness the growth of the scooter market in the forthcoming years in this region.   The growth drivers of scooter markets in this region are, ease of flexibility in scooters and high mileage coupled with expanding scooter fleets. Furthermore, increasing vehicle population and traffic congestion on city roads are expected to boost the demand for the scooter market during the forecasting period. Additionally, the sales of scooters will emerge as the fastest growth for the scooter market in this region.  The restraints of the scooter market in this region are poor road infrastructure, ease of driving scooters on both paved and unpaved roads, air pollution, road accidents, and climate change. Due to the Covid 19 Pandemic, Latin America regions faced a lack of profitability, stringent and inefficient municipal regulations and a slowdown in the manufacturing process.

According to 6Wresearch, the Latin America Electric Scooter Market size is anticipated to register growth during 2021-2027. Brazil is dominating the scooter market in the Latin America region by having the largest share with more Indian Companies. Furthermore, Argentina is expecting to emerge to grow at a steady rate in the scooter market in the forthcoming years. Additionally, Mexico will dominate the scooter market in the forthcoming years. Some of the key companies in the Latin America region for the growth of scooter markets are, Motomel, Honda, Corven, Zanella, Yamaha, Gilera, Guerrero, Mondial, Appia, Hero Bridgestone Americas Inc, Maxxis International, Kenda International, Levorin Pneus. Furthermore, the government of Latin America is implementing new policies for the implementation of electric scooters in their regions by raising funds and incentives in their regions.  

Based on the product type, the market is segmented into Retro, Self-balancing/Standing and Folding. The retro segment is anticipated to lead the market. Moreover, on the basis of voltage type, the market is categorized into 24V, 36V, 48V and more than 48V. 48V category is forecasted to dominate the market owing to the high benefit-cost ratio. Based on the battery segment, the Sealed Lead Acid market accounted for the highest share of the market. However, Li-on battery is forecasted to take over the market owing to the growing preference for eco-friendly.

The Latin America Electric Scooter market report thoroughly covers the market by product type, Voltage type, Battery type and countries including Brazil, Argentina, Mexico, Chile, and the Rest of Latin America. The Latin America Scooter market outlook report provides an unbiased and detailed analysis of the ongoing global Scooter market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Key Highlights of the Report:

• Latin America Electric Scooters Market Outlook
• Market Size of Latin America Electric Scooters Market, 2020
• Forecast of Latin America Electric Scooters Market, 2027
• Historical Data and Forecast of Latin America Electric Scooters Revenues & Volume for the Period 2017 - 2027
• Latin America Electric Scooters Market Trend Evolution
• Latin America Electric Scooters Market Drivers and Challenges
• Latin America Electric Scooters Price Trends
• Latin America Electric Scooters Porter's Five Forces
• Latin America Electric Scooters Industry Life Cycle
• Historical Data and Forecast of Latin America Electric Scooters Market Revenues & Volume By Product Type for the Period 2017 - 2027
• Historical Data and Forecast of Latin America Electric Scooters Market Revenues & Volume By Retro for the Period 2017 - 2027
• Historical Data and Forecast of Latin America Electric Scooters Market Revenues & Volume By Standing/Self-Balancing for the Period 2017 - 2027
• Historical Data and Forecast of Latin America Electric Scooters Market Revenues & Volume By Folding for the Period 2017 - 2027
• Historical Data and Forecast of Brazil Electric Scooters Market Revenues & Volume By Product Type for the Period 2017 - 2027
• Historical Data and Forecast of Brazil Electric Scooters Market Revenues & Volume By Retro for the Period 2017 - 2027
• Historical Data and Forecast of Brazil Electric Scooters Market Revenues & Volume By Standing/Self-Balancing for the Period 2017 - 2027
• Historical Data and Forecast of Brazil Electric Scooters Market Revenues & Volume By Folding for the Period 2017 - 2027
• Historical Data and Forecast of Mexico Electric Scooters Market Revenues & Volume By Product Type for the Period 2017 - 2027
• Historical Data and Forecast of Mexico Electric Scooters Market Revenues & Volume By Retro for the Period 2017 - 2027
• Historical Data and Forecast of Mexico Electric Scooters Market Revenues & Volume By Standing/Self-Balancing for the Period 2017 - 2027
• Historical Data and Forecast of Mexico Electric Scooters Market Revenues & Volume By Folding for the Period 2017 - 2027
• Historical Data and Forecast of Argentina Electric Scooters Market Revenues & Volume By Product Type for the Period 2017 - 2027
• Historical Data and Forecast of Argentina Electric Scooters Market Revenues & Volume By Retro for the Period 2017 - 2027
• Historical Data and Forecast of Argentina Electric Scooters Market Revenues & Volume By Standing/Self-Balancing for the Period 2017 - 2027
• Historical Data and Forecast of Argentina Electric Scooters Market Revenues & Volume By Folding for the Period 2017 - 2027
• Historical Data and Forecast of Rest of Latin America Electric Scooters Market Revenues & Volume By Product Type for the Period 2017 - 2027
• Historical Data and Forecast of Rest of Latin America Electric Scooters Market Revenues & Volume By Retro for the Period 2017 - 2027
• Historical Data and Forecast of Rest of Latin America Electric Scooters Market Revenues & Volume By Standing/Self-Balancing for the Period 2017 - 2027
• Historical Data and Forecast of Rest of Latin America Electric Scooters Market Revenues & Volume By Folding for the Period 2017 - 2027
• Historical Data and Forecast of Latin America Electric Scooters Market Revenues & Volume By Battery Type for the Period 2017 - 2027
• Historical Data and Forecast of Latin America Electric Scooters Market Revenues & Volume By Sealed Lead Acid for the Period 2017 - 2027
• Historical Data and Forecast of Latin America Electric Scooters Market Revenues & Volume By NiMH for the Period 2017 - 2027
• Historical Data and Forecast of Latin America Electric Scooters Market Revenues & Volume By Li-Ion for the Period 2017 - 2027
• Historical Data and Forecast of Brazil Electric Scooters Market Revenues & Volume By Battery Type for the Period 2017 - 2027
• Historical Data and Forecast of Brazil Electric Scooters Market Revenues & Volume By Sealed Lead Acid for the Period 2017 - 2027
• Historical Data and Forecast of Brazil Electric Scooters Market Revenues & Volume By NiMH for the Period 2017 - 2027
• Historical Data and Forecast of Brazil Electric Scooters Market Revenues & Volume By Li-Ion for the Period 2017 - 2027
• Historical Data and Forecast of Mexico Electric Scooters Market Revenues & Volume By Battery Type for the Period 2017 - 2027
• Historical Data and Forecast of Mexico Electric Scooters Market Revenues & Volume By Sealed Lead Acid for the Period 2017 - 2027
• Historical Data and Forecast of Mexico Electric Scooters Market Revenues & Volume By NiMH for the Period 2017 - 2027
• Historical Data and Forecast of Mexico Electric Scooters Market Revenues & Volume By Li-Ion for the Period 2017 - 2027
• Historical Data and Forecast of Argentina Electric Scooters Market Revenues & Volume By Battery Type for the Period 2017 - 2027
• Historical Data and Forecast of Argentina Electric Scooters Market Revenues & Volume By Sealed Lead Acid for the Period 2017 - 2027
• Historical Data and Forecast of Argentina Electric Scooters Market Revenues & Volume By NiMH for the Period 2017 - 2027
• Historical Data and Forecast of Argentina Electric Scooters Market Revenues & Volume By Li-Ion for the Period 2017 - 2027
• Historical Data and Forecast of Rest of Latin America Electric Scooters Market Revenues & Volume By Battery Type for the Period 2017 - 2027
• Historical Data and Forecast of Rest of Latin America Electric Scooters Market Revenues & Volume By Sealed Lead Acid for the Period 2017 - 2027
• Historical Data and Forecast of Rest of Latin America Electric Scooters Market Revenues & Volume By NiMH for the Period 2017 - 2027
• Historical Data and Forecast of Rest of Latin America Electric Scooters Market Revenues & Volume By Li-Ion for the Period 2017 - 2027
• Historical Data and Forecast of Latin America Electric Scooters Market Revenues & Volume By Voltage Type for the Period 2017 - 2027
• Historical Data and Forecast of Latin America Electric Scooters Market Revenues & Volume By 24V for the Period 2017 - 2027
• Historical Data and Forecast of Latin America Electric Scooters Market Revenues & Volume By 36V for the Period 2017 - 2027
• Historical Data and Forecast of Latin America Electric Scooters Market Revenues & Volume By 48V for the Period 2017 - 2027
• Historical Data and Forecast of Latin America Electric Scooters Market Revenues & Volume By Greater than 48V for the Period 2017 - 2027
• Historical Data and Forecast of Brazil Electric Scooters Market Revenues & Volume By Voltage Type for the Period 2017 - 2027
• Historical Data and Forecast of Brazil Electric Scooters Market Revenues & Volume By 24V for the Period 2017 - 2027
• Historical Data and Forecast of Brazil Electric Scooters Market Revenues & Volume By 36V for the Period 2017 - 2027
• Historical Data and Forecast of Brazil Electric Scooters Market Revenues & Volume By 48V for the Period 2017 - 2027
• Historical Data and Forecast of Brazil Electric Scooters Market Revenues & Volume By Greater than 48V for the Period 2017 - 2027
• Historical Data and Forecast of Mexico Electric Scooters Market Revenues & Volume By Voltage Type for the Period 2017 - 2027
• Historical Data and Forecast of Mexico Electric Scooters Market Revenues & Volume By 24V for the Period 2017 - 2027
• Historical Data and Forecast of Mexico Electric Scooters Market Revenues & Volume By 36V for the Period 2017 - 2027
• Historical Data and Forecast of Mexico Electric Scooters Market Revenues & Volume By 48V for the Period 2017 - 2027
• Historical Data and Forecast of Mexico Electric Scooters Market Revenues & Volume By Greater than 48V for the Period 2017 - 2027
• Historical Data and Forecast of Argentina Electric Scooters Market Revenues & Volume By Voltage Type for the Period 2017 - 2027
• Historical Data and Forecast of Argentina Electric Scooters Market Revenues & Volume By 24V for the Period 2017 - 2027
• Historical Data and Forecast of Argentina Electric Scooters Market Revenues & Volume By 36V for the Period 2017 - 2027
• Historical Data and Forecast of Argentina Electric Scooters Market Revenues & Volume By 48V for the Period 2017 - 2027
• Historical Data and Forecast of Argentina Electric Scooters Market Revenues & Volume By Greater than 48V for the Period 2017 - 2027
• Historical Data and Forecast of Rest of Latin America Electric Scooters Market Revenues & Volume By Voltage Type for the Period 2017 - 2027
• Historical Data and Forecast of Rest of Latin America Electric Scooters Market Revenues & Volume By 24V for the Period 2017 - 2027
• Historical Data and Forecast of Rest of Latin America Electric Scooters Market Revenues & Volume By 36V for the Period 2017 - 2027
• Historical Data and Forecast of Rest of Latin America Electric Scooters Market Revenues & Volume By 48V for the Period 2017 - 2027
• Historical Data and Forecast of Rest of Latin America Electric Scooters Market Revenues & Volume By Greater than 48V for the Period 2017 - 2027
• Latin America Electric Scooters Market - Key Performance Indicators
• Latin America Electric Scooters Market - Import Export Trade Statistics
• Latin America Electric Scooters Market - Opportunity Assessment By Countries
• Latin America Electric Scooters Market - Opportunity Assessment By Product Type
• Latin America Electric Scooters Market - Opportunity Assessment By Battery Type
• Latin America Electric Scooters Market - Opportunity Assessment By Voltage Type
• Latin America Electric Scooters Market - Top Companies Market Share
• Latin America Electric Scooters Market - Top Companies Profiles
• Latin America Electric Scooters Market - Comparison of Players in Technical and Operating Parameters
• Latin America Electric Scooters Market - Strategic Recommendations

Markets Covered

The market report covers the following key segments:

By Product Type:

• Retro
• Self-Balancing/Standing
• Folding

By Battery Type:

• Sealed Lead Acid
• NiMH
• Li-Ion

By Voltage Type:

• 24V
• 36V
• 48V
• Greater Than 48V

By Countries:

• Mexico
• Brazil
• Argentina
• Chile
• Rest of Latin America