Chile Electric Scooter Market Report and Forecast 2024-2032

Chile Electric Scooter Market Outlook

The Chile electric scooter market size is assessed to grow at a CAGR of 17.8% between 2024 and 2032. 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