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Chile Electric Scooter Market Size, Share, Price, Forecast: By Battery: Lead Acid, Li-Ion, Others; By Technology: Removable Battery, Non-Removable Battery; By Distance Cover: Below 75 Miles, 75 to 100 Miles, More than 100 Miles; By End Use: Private, Commercial; Competitive Landscape; Key Trends and Developments in the Market; 2023-2028
Chile Electric Scooter Market Outlook
The Chile electric scooter market size is assessed to grow at a CAGR of 17.8% between 2023 and 2028. The market is being driven by the rising trend of sustainability and the growing demand for micro-mobility solutions.
Key Trends in the Market
Electric scooters refer to two-wheeler vehicles which are typically equipped with rechargeable batteries to store electric energy and propel the vehicle. Electric scooters offer various benefits, including enhanced convenience, improved body balance, and affordable personal mobility.
- The convenience, affordability, and efficiency offered by electric scooters have significantly bolstered their preference in Chile. In addition to this, the introduction of favourable government policies promoting the electrification of the transportation sector and reducing air pollution levels is favouring the Chile electric scooter market demand.
- Customers in urban areas such as Santiago increasingly prefer micro-mobility solutions and are adopting electric scooters as replacements for cars. The increasing attempts to reduce carbon emissions and lower traffic congestion in major Chilean cities are likely to surge the demand for electric scooters.
- The expansion of electric scooter-sharing services such as Scoot Network in major Chilean cities to provide affordable transportation options for residents while increasing road safety and lowering air pollution is fuelling the market.
Market Analysis
Based on battery, the market is segmented into lead acid and li-ion, among others. On the basis of technology, the market can be divided into removable battery and non-removable battery. The market, based on distance cover, is classified into below 75 miles, 75 to 100 miles, and more than 100 miles. By end use, the market is bifurcated into private and commercial.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the Chile electric scooter market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
- AZUR Servicios Integrales Spa (CITYCOCO)
- EGOMOTO
- Super Soco
- LVN Chile
- Horwin Chile
- Völmark Chile
- Xiaomi Inc.
- Niu International Co.,Ltd.
- Others
Market Share by Battery
In the Chile electric scooter market, lithium-ion batteries are expected to account for a significant share as they are lightweight, cost-effective, and posit excellent energy density. Lithium-ion batteries have a higher charging efficiency than their lead-acid counterparts and boast an extended lifespan, due to which they are preferred in e-scooters.
Chile is one of the leading producers of lithium, an essential component in EVs, including electric scooters. Hence, leading EV companies are attempting to build lithium-ion battery production facilities and promoting the generation of products in the lithium value chain, which is expected to propel the market growth in the coming years.
Market Share by End Use
Electric scooters are increasingly preferred for private applications due to their cost-effectiveness and low maintenance and operational costs. Other benefits such as sustainability, large storage space, lightweight, and low noise, among others, are driving the adoption of e-scooters for personal usage.
The Chile electric scooter market is expected to grow due to the rising demand for such scooters in commercial applications, the flourishing e-commerce sector, and the rising use of personal mobility solutions in last-mile deliveries. Key players are also developing electric scooters that can carry high-capacity goods at both ends and cater to the evolving demands of delivery-oriented businesses.
Competitive Landscape
LVN Chile is a leading electric mobility company that offers environmentally friendly urban mobility solutions. Its scooters and motorcycles comply with European Union and Chilean regulations, and it aims to build a sustainable world. Its motorcycles are equipped with lithium-ion batteries and come with a two-year warranty.
Xiaomi Inc., founded in 2010, is a leading smart manufacturing and consumer electronics company that is headquartered in Beijing, China. Its most popular products are smartphones, consumer AIoT platforms, and smart hardware connected by IoT platforms. Through constant innovations, the company aims to develop high-performance and advanced services, software, and hardware.
Niu International Co.,Ltd. is one of the largest providers of smart urban mobility solutions. The company’s smart electric two-wheelers redefine urban mobility and are used as eco-friendly mobility solutions by customers globally. It has adopted an omnichannel model and markets and sells its products on both offline and online channels.
Other players in the Chile electric scooter market include AZUR Servicios Integrales Spa (CITYCOCO), EGOMOTO, Super Soco, Horwin Chile, and Völmark Chile, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Battery |
|
| Breakup by Technology |
|
| Breakup by Distance Cover |
|
| Breakup by End Use |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Market Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 South America Electric Scooter Market Overview
8.1 Key Industry Highlights
8.2 South America Electric Scooter Historical Market (2018-2022)
8.3 South America Electric Scooter Market Forecast (2023-2028)
8.4 South America Electric Scooter Market by Country
8.4.1 Brazil
8.4.2 Mexico
8.4.3 Argentina
8.4.4 Chile
8.4.5 Colombia
8.4.6 Others
9 Chile Electric Scooter Market Overview
9.1 Key Industry Highlights
9.2 Chile Electric Scooter Historical Market (2018-2022)
9.3 Chile Electric Scooter Market Forecast (2023-2028)
10 Chile Electric Scooter Market by Battery
10.1 Lead Acid
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Li-Ion
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 Others
11 Chile Electric Scooter Market by Technology
11.1 Removable Battery
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Non-Removable Battery
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
12 Chile Electric Scooter Market by Distance Cover
12.1 Below 75 Miles
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 75 to 100 Miles
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 More than 100 Miles
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
13 Chile Electric Scooter Market by End Use
13.1 Private
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 Commercial
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyers Powers
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 AZUR Servicios Integrales Spa (CITYCOCO)
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 EGOMOTO
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Super Soco
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 LVN Chile
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Horwin Chile
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Völmark Chile
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Xiaomi Inc.
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Niu International Co.,Ltd.
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. South America Electric Scooter Market: Key Industry Highlights, 2018 and 2028
2. Chile Electric Scooter Market: Key Industry Highlights, 2018 and 2028
3. Chile Electric Scooter Historical Market: Breakup by Battery (USD Million), 2018-2022
4. Chile Electric Scooter Market Forecast: Breakup by Battery (USD Million), 2023-2028
5. Chile Electric Scooter Historical Market: Breakup by Technology (USD Million), 2018-2022
6. Chile Electric Scooter Market Forecast: Breakup by Technology (USD Million), 2023-2028
7. Chile Electric Scooter Historical Market: Breakup by Distance Cover (USD Million), 2018-2022
8. Chile Electric Scooter Market Forecast: Breakup by Distance Cover (USD Million), 2023-2028
9. Chile Electric Scooter Historical Market: Breakup by End Use (USD Million), 2018-2022
10. Chile Electric Scooter Market Forecast: Breakup by End Use (USD Million), 2023-2028
11. Chile Electric Scooter Market Structure
Key Questions Answered in the Report
The market is estimated to grow at a CAGR of 17.8% between 2023 and 2028.
The major market drivers include the electrification of the transportation sector, the rising trend of micro-mobility, and the increasing attempts to reduce air pollution levels in Chilean cities.
The rising popularity of ride-sharing services, the increasing focus to lower traffic congestion, and the surging usage of electric scooters in personal and commercial applications are the key trends aiding the market.
The different batteries used in the product are lead acid and li-ion, among others.
The various segments based on technologies of electric scooter considered in the market report are removable battery and non-removable battery.
Electric scooters are green modes of transportation, are easier to drive, and are convenient micro-mobility solutions.
The significant end uses of electric scooter are private and commercial.
The major players in the Chile electric scooter market are AZUR Servicios Integrales Spa (CITYCOCO), EGOMOTO, Super Soco, LVN Chile, Horwin Chile, Völmark Chile, Xiaomi Inc., and Niu International Co.,Ltd., among others.
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