Electric Transporters Market size is expected to reach US$ 2035.40 Bn. by 2029, at a CAGR of 24.3% during the forecast period.Electric Transporters Market Overview
In recent years, higher gasoline costs have resulted in increased sales of electric transporters. Electric vehicles are expected to become more mainstream during the forecast period. It is quickly gaining a reputation as a superior and more environmentally conscious mode of transportation. Aside from increasing gasoline prices, the increased operating costs of traditional vehicles are expected to drive demand growth.To know about the Research Methodology :- Request Free Sample Report The report also covers the detailed analysis of the global Electric Transporters industry with the classifications of the market based on battery, voltage, vehicle type, and region. Analysis of past market dynamics from 2018 to 2022 is given in the report, which will help readers to benchmark the past trends with current market scenarios with the key player's contribution in it.
Electric Transporters Market Dynamics
Customers have been more aware of and concerned with environmental problems such as air quality, noise pollution, and the loss of nonrenewable natural resources in recent years. Governments in a variety of countries are actively taking measures to reduce air pollution and CO2 emissions. The implementation of strict regulations to reduce excessive emissions has compelled automakers to innovate and build environmentally sustainable and effective alternatives. Governments are incentivizing the use of electric vehicles with a variety of financial and non-financial benefits, including discounts and tax exemptions. Due to factors such as a lack of necessary infrastructure, low knowledge, and the high cost of the commodity, the acceptance rate of such transporters is still comparatively slow. These cars, on the other hand, have a positive impact on the climate. Similarly, Because of the high cost of transporters, new market opportunities have emerged, such as renting or leasing. Users may reap the benefits of using the product without spending a large amount of money on new rental or leasing operation business models. As a result, the emergence of these business models is expected to drive the growth of the market.Electric Transporters Market Segmentation Analysis
By Battery, the sealed lead-acid battery segment is expected to grow at the largest CAGR of nearly 4.6% during the forecast period. The segment's rapid growth can be due to its widespread use in China. Electric batteries with a long-range capability and reversible feature are preferred by consumers because they allow for fast charging convenience. Furthermore, because of its compact size and lightweight, the Li-ion battery form allows for greater room optimization. As a result, the Li-ion battery type is expected to grow at the fastest rate during the forecast period. The aftermarket services contribute to the majority of the sales channel market share owing to the increasing battery replacement rates at the end of its service. This is expected to create market opportunities for battery manufacturers and suppliers across the globe. By Voltage, the 48V segment held more than xx% of the electric transporters market in 2022 and is expected to continue its dominance during the forecast period. High battery voltage ranges provide improved efficiency and greater hybridization options for vehicles. The demand for batteries with high voltage increases as the market demand for high-performance production increases. In electric skateboards and low-end electric bikes, the lower voltage segments such as 24V and 36V are favored. Thus, the market share is smaller. Over the forecast period, the larger than 48V is expected to achieve a significant market share.
By Vehicle Type, the electric scooters segment is expected to grow at the largest CAGR of nearly 4.6% due to the increasing trend of mobile electric scooters for different domestic uses such as hoverboards and segways. In areas such as hospitality, safety, leisure, and tourist sectors, the electric scooters of the segways are gaining momentum. Moreover, the market has been flooding with low-cost hoverboards by Chinese manufacturers, boosting customer preference for such electric scooters.
Competitive Landscape:
Jiangsu Xinri Electric Vehicle Co. Ltd., Terra Motors Corporation, Gogoro Inc., Mahindra GenZe, Vmoto Limited, and BMW Motorrad International are among the main industry competitors. To achieve market presence, key players are extending their manufacturing capacities globally. For example, Gogoro Inc. collaborated with Coup in 2016 to extend its smart electric scooter sharing service in Berlin and other European cities. Furthermore, the European market has seen a significant decrease in demand for traditional bikes and has boosted its imports of e-bikes, mainly from Chinese manufactures.Due to rapid urbanization and heavy Chinese customer acceptance, the Asia Pacific region accounted for more than 42.0% of the global demand in 2018. Furthermore, the presence of a large customer base in the Asia Pacific has prompted manufacturers to explore the rental service market model. Furthermore, due to their high processing capacities and sufficient raw materials, China and Taiwan are prime locations for the manufacture of these vehicles. North America is expected to emerge as the most promising field during the forecast era. The governor of California's target of meeting 1.5 million zero-emission cars by 2029 is adding to regional demand.Electric Transporters Market Scope: Inquire before buying
Global Electric Transporters Market Report Coverage Details Base Year: 2022 Forecast Period: 2023.-2029 Historical Data: 2018 to 2022 Market Size in 2022: US $ 443.97 Bn. Forecast Period 2023 to 2029 CAGR: 24.3% Market Size in 2029: US $ 2035.40 Bn. Segments Covered: by Battery Sealed Lead Acid NiMH Li-Ion by Voltage 24V 36V 48V by Vehicle Type Electric scooter Electric bike Electric skateboards Electric Transporters Market by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)Electric Transporters Market Key Players
1. BMW Motorrad International 2. Mahindra GenZe 3. Terra Motors Corporation 4. Vmoto Limited 5. Gogoro Inc 6. Jiangsu Xinri Electric Vehicle Co. Ltd 7. Hama GmbH & Co KG 8. All cell Technologies LLC 9. KIWANO 10.BOXX Corporation 11.Razor USA LLC 12.Honda Motor Co. Ltd 13.All Cell Technologies LLC 14.Ninebot Inc 15.Air wheel Holding Ltd Frequently Asked Questions: 1. Which region has the largest share in Global Electric Transporters Market? Ans: North America region holds the highest share in 2022. 2. What is the growth rate of Global Electric Transporters Market? Ans: The Global Electric Transporters Market is growing at a CAGR of 24.3% during forecasting period 2023-2029. 3. What segments are covered in Global Electric Transporters market? Ans: Global Electric Transporters Market is segmented into Battery, Vehicle Type, Voltage and Region. 4. Who are the key players in Global Electric Transporters market? Ans: The important key players in the Global Electric Transporters Market are BMW Motorrad International,Mahindra GenZe,Terra Motors Corporation,Vmoto Limited,Gogoro Inc,Jiangsu Xinri Electric Vehicle Co. Ltd,Hama GmbH & Co KG 5. What is the study period of this market? Ans: The Global Electric Transporters Market is studied from 2022 to 2029.
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Electric Transporters Market Size, by Market Value (US$ Mn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2020 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Electric Transporters Market 3.4. Geographical Snapshot of the Electric Transporters Market, By Manufacturer share 4. Global Electric Transporters Market Overview, 2022-2029 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Electric Transporters Market 5. Supply Side and Demand Side Indicators 6. Global Electric Transporters Market Analysis and Forecast, 2022-2029 6.1. Global Electric Transporters Market Size & Y-o-Y Growth Analysis. 7. Global Electric Transporters Market Analysis and Forecasts, 2022-2029 7.1. Market Size (Value) Estimates & Forecast By Battery, 2022-2029 7.1.1. Sealed Lead Acid 7.1.2. NiMH 7.1.3. Li-Ion 7.2. Market Size (Value) Estimates & Forecast By Voltage, 2022-2029 7.2.1. 24V 7.2.2. 36V 7.2.3. 48V 7.2.4. Greater than 48V 7.3. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 7.3.1. Electric scooter 7.3.2. Electric bike 7.3.3. Electric skateboards 8. Global Electric Transporters Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2022-2029 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Electric Transporters Market Analysis and Forecasts, 2022-2029 9.1. Market Size (Value) Estimates & Forecast By Battery, 2022-2029 9.1.1. Sealed Lead Acid 9.1.2. NiMH 9.1.3. Li-Ion 9.2. Market Size (Value) Estimates & Forecast By Voltage, 2022-2029 9.2.1. 24V 9.2.2. 36V 9.2.3. 48V 9.2.4. Greater than 48V 9.3. Market Size (Value) Estimates & Forecast By Vehicle Type , 2022-2029 9.3.1. Electric scooter 9.3.2. Electric bike 9.3.3. Electric skateboards 10. North America Electric Transporters Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Electric Transporters Market Analysis and Forecasts, 2022-2029 11.1. Market Size (Value) Estimates & Forecast By Battery, 2022-2029 11.2. Market Size (Value) Estimates & Forecast By Voltage, 2022-2029 11.3. Market Size (Value) Estimates & Forecast By Vehicle Type , 2022-2029 12. Canada Electric Transporters Market Analysis and Forecasts, 2022-2029 12.1. Market Size (Value) Estimates & Forecast By Battery, 2022-2029 12.2. Market Size (Value) Estimates & Forecast By Voltage, 2022-2029 12.3. Market Size (Value) Estimates & Forecast By Vehicle Type , 2022-2029 13. Mexico Electric Transporters Market Analysis and Forecasts, 2022-2029 13.1. Market Size (Value) Estimates & Forecast By Battery, 2022-2029 13.2. Market Size (Value) Estimates & Forecast By Voltage, 2022-2029 13.3. Market Size (Value) Estimates & Forecast By Vehicle Type , 2022-2029 14. Europe Electric Transporters Market Analysis and Forecasts, 2022-2029 14.1. Market Size (Value) Estimates & Forecast By Battery, 2022-2029 14.2. Market Size (Value) Estimates & Forecast By Voltage, 2022-2029 14.3. Market Size (Value) Estimates & Forecast By Vehicle Type , 2022-2029 15. Europe Electric Transporters Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Electric Transporters Market Analysis and Forecasts, 2022-2029 16.1. Market Size (Value) Estimates & Forecast By Battery, 2022-2029 16.2. Market Size (Value) Estimates & Forecast By Voltage, 2022-2029 16.3. Market Size (Value) Estimates & Forecast By Vehicle Type , 2022-2029 17. France Electric Transporters Market Analysis and Forecasts, 2022-2029 17.1. Market Size (Value) Estimates & Forecast By Battery, 2022-2029 17.2. Market Size (Value) Estimates & Forecast By Voltage, 2022-2029 17.3. Market Size (Value) Estimates & Forecast By Vehicle Type , 2022-2029 18. Germany Electric Transporters Market Analysis and Forecasts, 2022-2029 18.1. Market Size (Value) Estimates & Forecast By Battery, 2022-2029 18.2. Market Size (Value) Estimates & Forecast By Voltage, 2022-2029 18.3. Market Size (Value) Estimates & Forecast By Vehicle Type , 2022-2029 19. Italy Electric Transporters Market Analysis and Forecasts, 2022-2029 19.1. Market Size (Value) Estimates & Forecast By Battery, 2022-2029 19.2. Market Size (Value) Estimates & Forecast By Voltage, 2022-2029 19.3. Market Size (Value) Estimates & Forecast By Vehicle Type , 2022-2029 20. Spain Electric Transporters Market Analysis and Forecasts, 2022-2029 20.1. Market Size (Value) Estimates & Forecast By Battery, 2022-2029 20.2. Market Size (Value) Estimates & Forecast By Voltage, 2022-2029 20.3. Market Size (Value) Estimates & Forecast By Vehicle Type , 2022-2029 21. Sweden Electric Transporters Market Analysis and Forecasts, 2022-2029 21.1. Market Size (Value) Estimates & Forecast By Battery, 2022-2029 21.2. Market Size (Value) Estimates & Forecast By Voltage, 2022-2029 21.3. Market Size (Value) Estimates & Forecast By Vehicle Type , 2022-2029 22. CIS Countries Electric Transporters Market Analysis and Forecasts, 2022-2029 22.1. Market Size (Value) Estimates & Forecast By Battery, 2022-2029 22.2. Market Size (Value) Estimates & Forecast By Voltage, 2022-2029 22.3. Market Size (Value) Estimates & Forecast By Vehicle Type , 2022-2029 23. Rest of Europe Electric Transporters Market Analysis and Forecasts, 2022-2029 23.1. Market Size (Value) Estimates & Forecast By Battery, 2022-2029 23.2. Market Size (Value) Estimates & Forecast By Voltage, 2022-2029 23.3. Market Size (Value) Estimates & Forecast By Vehicle Type , 2022-2029 24. Asia Pacific Electric Transporters Market Analysis and Forecasts, 2022-2029 24.1. Market Size (Value) Estimates & Forecast By Battery, 2022-2029 24.2. Market Size (Value) Estimates & Forecast By Voltage, 2022-2029 24.3. Market Size (Value) Estimates & Forecast By Vehicle Type , 2022-2029 25. Asia Pacific Electric Transporters Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Electric Transporters Market Analysis and Forecasts, 2022-2029 26.1. Market Size (Value) Estimates & Forecast By Battery, 2022-2029 26.2. Market Size (Value) Estimates & Forecast By Voltage, 2022-2029 26.3. Market Size (Value) Estimates & Forecast By Vehicle Type , 2022-2029 27. India Electric Transporters Market Analysis and Forecasts, 2022-2029 27.1. Market Size (Value) Estimates & Forecast By Battery, 2022-2029 27.2. Market Size (Value) Estimates & Forecast By Voltage, 2022-2029 27.3. Market Size (Value) Estimates & Forecast By Vehicle Type , 2022-2029 28. Japan Electric Transporters Market Analysis and Forecasts, 2022-2029 28.1. Market Size (Value) Estimates & Forecast By Battery, 2022-2029 28.2. Market Size (Value) Estimates & Forecast By Voltage, 2022-2029 28.3. Market Size (Value) Estimates & Forecast By Vehicle Type , 2022-2029 29. South Korea Electric Transporters Market Analysis and Forecasts, 2022-2029 29.1. Market Size (Value) Estimates & Forecast By Battery, 2022-2029 29.2. Market Size (Value) Estimates & Forecast By Voltage, 2022-2029 29.3. Market Size (Value) Estimates & Forecast By Vehicle Type , 2022-2029 30. Australia Electric Transporters Market Analysis and Forecasts, 2022-2029 30.1. Market Size (Value) Estimates & Forecast By Battery, 2022-2029 30.2. Market Size (Value) Estimates & Forecast By Voltage, 2022-2029 30.3. Market Size (Value) Estimates & Forecast By Vehicle Type , 2022-2029 31. ASEAN Electric Transporters Market Analysis and Forecasts, 2022-2029 31.1. Market Size (Value) Estimates & Forecast By Battery, 2022-2029 31.2. Market Size (Value) Estimates & Forecast By Voltage, 2022-2029 31.3. Market Size (Value) Estimates & Forecast By Vehicle Type , 2022-2029 32. Rest of Asia Pacific Electric Transporters Market Analysis and Forecasts, 2022-2029 32.1. Market Size (Value) Estimates & Forecast By Battery, 2022-2029 32.2. Market Size (Value) Estimates & Forecast By Voltage, 2022-2029 32.3. Market Size (Value) Estimates & Forecast By Vehicle Type , 2022-2029 33. Middle East Africa Electric Transporters Market Analysis and Forecasts, 2022-2029 33.1. Market Size (Value) Estimates & Forecast By Battery, 2022-2029 33.2. Market Size (Value) Estimates & Forecast By Voltage, 2022-2029 33.3. Market Size (Value) Estimates & Forecast By Vehicle Type , 2022-2029 34. Middle East Africa Electric Transporters Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Electric Transporters Market Analysis and Forecasts, 2022-2029 35.1. Market Size (Value) Estimates & Forecast By Battery, 2022-2029 35.2. Market Size (Value) Estimates & Forecast By Voltage, 2022-2029 35.3. Market Size (Value) Estimates & Forecast By Vehicle Type , 2022-2029 36. GCC Countries Electric Transporters Market Analysis and Forecasts, 2022-2029 36.1. Market Size (Value) Estimates & Forecast By Battery, 2022-2029 36.2. Market Size (Value) Estimates & Forecast By Voltage, 2022-2029 36.3. Market Size (Value) Estimates & Forecast By Vehicle Type , 2022-2029 37. Egypt Electric Transporters Market Analysis and Forecasts, 2022-2029 37.1. Market Size (Value) Estimates & Forecast By Battery, 2022-2029 37.2. Market Size (Value) Estimates & Forecast By Voltage, 2022-2029 37.3. Market Size (Value) Estimates & Forecast By Vehicle Type , 2022-2029 38. Nigeria Electric Transporters Market Analysis and Forecasts, 2022-2029 38.1. Market Size (Value) Estimates & Forecast By Battery, 2022-2029 38.2. Market Size (Value) Estimates & Forecast By Voltage, 2022-2029 38.3. Market Size (Value) Estimates & Forecast By Vehicle Type , 2022-2029 39. Rest of ME&A Electric Transporters Market Analysis and Forecasts, 2022-2029 39.1. Market Size (Value) Estimates & Forecast By Battery, 2022-2029 39.2. Market Size (Value) Estimates & Forecast By Voltage, 2022-2029 39.3. Market Size (Value) Estimates & Forecast By Vehicle Type , 2022-2029 40. South America Electric Transporters Market Analysis and Forecasts, 2022-2029 40.1. Market Size (Value) Estimates & Forecast By Battery, 2022-2029 40.2. Market Size (Value) Estimates & Forecast By Voltage, 2022-2029 40.3. Market Size (Value) Estimates & Forecast By Vehicle Type , 2022-2029 41. South America Electric Transporters Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Electric Transporters Market Analysis and Forecasts, 2022-2029 42.1. Market Size (Value) Estimates & Forecast By Battery, 2022-2029 42.2. Market Size (Value) Estimates & Forecast By Voltage, 2022-2029 42.3. Market Size (Value) Estimates & Forecast By Vehicle Type , 2022-2029 43. Argentina Electric Transporters Market Analysis and Forecasts, 2022-2029 43.1. Market Size (Value) Estimates & Forecast By Battery, 2022-2029 43.2. Market Size (Value) Estimates & Forecast By Voltage, 2022-2029 43.3. Market Size (Value) Estimates & Forecast By Vehicle Type , 2022-2029 44. Rest of South America Electric Transporters Market Analysis and Forecasts, 2022-2029 44.1. Market Size (Value) Estimates & Forecast By Battery, 2022-2029 44.2. Market Size (Value) Estimates & Forecast By Voltage, 2022-2029 44.3. Market Size (Value) Estimates & Forecast By Vehicle Type , 2022-2029 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Electric Transporters Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Applications and R&D Investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 45.3. Company Profile : Key Players 45.3.1. Gogoro Inc 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.4. BMW Motorrad International 45.5. Mahindra GenZe 45.6. Terra Motors Corporation 45.7. Vmoto Limited 45.8. Gogoro Inc 45.9. Jiangsu Xinri Electric Vehicle Co. Ltd 45.10. Hama GmbH & Co KG 45.11. All cell Technologies LLC 45.12. KIWANO 45.13. BOXX Corporation 45.14. Razor USA LLC 45.15. Honda Motor Co. Ltd 45.16. All Cell Technologies LLC 45.17. Ninebot Inc 45.18. Air wheel Holding Ltd 1. Primary Key Insights1317.39