The global electric transporters market size
is projected to reach USD 66.98 billion by 2025, according to a new report by
Grand View Research, Inc., progressing at a CAGR of 8.4% during the forecast
period. Rising fuel price has been spurring the growth of the market. In
addition, growing inclination towards eco-friendly transportation has led to
increased adoption of electric transporters. The vehicles are compact and
lightweight in nature and are highly convenient for short distance commuting.
Electric scooters were the most prominent
vehicle type in terms of revenue in 2017. These vehicles are compact, which
provide ease of transportation in a heavy traffic situation. Moreover, electric
scooters are available in various types such as portable hoverboards, foldable
scooters, and Segway’s model. Thus, customers get more options to choose an
appropriate electric scooter depending on their preference. The segment is
poised to expand at a CAGR of 9.7% over the forecast period. The market share
of electric bikes is likely to decline over the forecast period owing to their
high cost. Stringent government regulations for using e-skateboards in public
places and on roads are also limiting the growth of the segment.
Sealed lead acid batteries were the most
popular battery type for electric transporters in 2017, owing to their low cost
and a higher range per charge. The growth of the NiMH batteries segment can be
limited by increasing environmental concerns over Nickel and other harmful
chemical leakages through these batteries while decomposing. Lithium-ion
batteries are estimated to gain considerable market share by 2025 owing to
growing technological innovations such as fast charging and surging use of
polymers for better battery life.
In present time, the market is flooded with
a variety of electric transporters. Increased adoption in China is proving to
be a challenge for the government. Prominent cities in China, including
Shanghai, Beijing, Shenzhen, and Guangzhou, have strictly banned the use of
e-bikes as their riders tend to ignore traffic rules. Thus, creating awareness
among users and developing a robust regulatory framework is essential for the
market to grow substantially.
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or view summary of this report, click the link below:
https://www.grandviewresearch.com/industry-analysis/electric-transporters-market
https://www.grandviewresearch.com/industry-analysis/electric-transporters-market
Further key findings from the report suggest:
· Electric scooter is likely to be most
promising vehicle type segment during the forecast period
· By voltage type, the 48V segment accounted
for over 36.0% share in 2017 and the segment is anticipated to experience
significant growth over the forecast period
· North America is projected to register
substantial growth over the coming years owing to various technological
developments and success of rental business model, especially in the automotive
industry. The regional market is poised to exhibit a CAGR of 9.4% from 2018 to
2025
· The key players operating in the market
include Allcell Technologies LLC, BMW Motorrad International, BOXX Corp., and
KIWANO.
Grand View Research has segmented the
global electric transporters market on the basis of vehicle type, battery type,
voltage, and region:
Electric Transporter VehicleType Outlook
(Revenue, USD Billion, 2014 - 2025)
·
Electric scooter
o
Retro
o
Standing/ Self-Balancing
o
Folding
·
Electric bike
·
Electric skateboards
Electric Transporter Battery Type
Outlook (Revenue, USD Billion, 2014 - 2025)
·
Sealed Lead Acid
·
NiMH
·
Li-Ion
Electric Transporter Voltage Outlook
(Revenue, USD Billion, 2014 - 2025)
·
24V
·
36V
·
48V
·
Greater Than 48V
Electric Transporter Regional Outlook
(Revenue, USD Billion, 2014 - 2025)
·
North America
o
U.S.
o
Canada
·
Europe
o
Germany
o
United Kingdom
·
Asia Pacific
o
China
o
India
o
Japan
·
Latin America
o
Brazil
o
Mexico
·
Middle East & Africa
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market intelligence
studies ensuring relevant and fact-based research across a range of industries,
from technology to chemicals, materials and healthcare.
