| Product Code: ETC6158057 | Publication Date: Sep 2024 | Updated Date: Feb 2026 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Vasudha | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
During 2020-2024, the Armenia electric mobility market witnessed a Compound Annual Growth Rate (CAGR) of 21.36%. However, in 2023-2024, the year-on-year growth rate experienced a decline of -20.96%. Overall, the import trend for electric mobility products in Armenia showed an increasing pattern during this period, driven by the strong CAGR despite a slight decline in the final year.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Armenia Electric Mobility Market Overview |
3.1 Armenia Country Macro Economic Indicators |
3.2 Armenia Electric Mobility Market Revenues & Volume, 2022 & 2032F |
3.3 Armenia Electric Mobility Market - Industry Life Cycle |
3.4 Armenia Electric Mobility Market - Porter's Five Forces |
3.5 Armenia Electric Mobility Market Revenues & Volume Share, By Product, 2022 & 2032F |
3.6 Armenia Electric Mobility Market Revenues & Volume Share, By Drive, 2022 & 2032F |
3.7 Armenia Electric Mobility Market Revenues & Volume Share, By Battery, 2022 & 2032F |
3.8 Armenia Electric Mobility Market Revenues & Volume Share, By End-use, 2022 & 2032F |
4 Armenia Electric Mobility Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Government incentives and subsidies for electric vehicles |
4.2.2 Increasing awareness about environmental sustainability |
4.2.3 Technological advancements in electric vehicle batteries and charging infrastructure |
4.3 Market Restraints |
4.3.1 High initial cost of electric vehicles |
4.3.2 Limited availability of charging infrastructure |
4.3.3 Range anxiety among consumers |
5 Armenia Electric Mobility Market Trends |
6 Armenia Electric Mobility Market, By Types |
6.1 Armenia Electric Mobility Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Armenia Electric Mobility Market Revenues & Volume, By Product, 2022-2032F |
6.1.3 Armenia Electric Mobility Market Revenues & Volume, By Electric Bikes, 2022-2032F |
6.1.4 Armenia Electric Mobility Market Revenues & Volume, By Electric Scooters, 2022-2032F |
6.1.5 Armenia Electric Mobility Market Revenues & Volume, By Electric Motorized Scooters, 2022-2032F |
6.1.6 Armenia Electric Mobility Market Revenues & Volume, By Electric Motorcycles, 2022-2032F |
6.2 Armenia Electric Mobility Market, By Drive |
6.2.1 Overview and Analysis |
6.2.2 Armenia Electric Mobility Market Revenues & Volume, By Belt Drive, 2022-2032F |
6.2.3 Armenia Electric Mobility Market Revenues & Volume, By Chain Drive, 2022-2032F |
6.2.4 Armenia Electric Mobility Market Revenues & Volume, By Hub Drive, 2022-2032F |
6.3 Armenia Electric Mobility Market, By Battery |
6.3.1 Overview and Analysis |
6.3.2 Armenia Electric Mobility Market Revenues & Volume, By Lead Acid Battery, 2022-2032F |
6.3.3 Armenia Electric Mobility Market Revenues & Volume, By Li-Ion Battery, 2022-2032F |
6.4 Armenia Electric Mobility Market, By End-use |
6.4.1 Overview and Analysis |
6.4.2 Armenia Electric Mobility Market Revenues & Volume, By Personal, 2022-2032F |
6.4.3 Armenia Electric Mobility Market Revenues & Volume, By Commercial, 2022-2032F |
7 Armenia Electric Mobility Market Import-Export Trade Statistics |
7.1 Armenia Electric Mobility Market Export to Major Countries |
7.2 Armenia Electric Mobility Market Imports from Major Countries |
8 Armenia Electric Mobility Market Key Performance Indicators |
8.1 Average charging time for electric vehicles |
8.2 Number of public charging stations per capita |
8.3 Percentage of energy generated from renewable sources used to charge electric vehicles |
9 Armenia Electric Mobility Market - Opportunity Assessment |
9.1 Armenia Electric Mobility Market Opportunity Assessment, By Product, 2022 & 2032F |
9.2 Armenia Electric Mobility Market Opportunity Assessment, By Drive, 2022 & 2032F |
9.3 Armenia Electric Mobility Market Opportunity Assessment, By Battery, 2022 & 2032F |
9.4 Armenia Electric Mobility Market Opportunity Assessment, By End-use, 2022 & 2032F |
10 Armenia Electric Mobility Market - Competitive Landscape |
10.1 Armenia Electric Mobility Market Revenue Share, By Companies, 2025 |
10.2 Armenia Electric Mobility Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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