Electric Transporters Market Size & Share, Sector / Industry Report & Analysis 2020, & Forecast 2021-2026 (Includes Business Impact of COVID-19)

                                          
Abstract, Snapshot, Market Analysis & Market Definition: Global Electric Transporters Market


The global Electric Transporters market size is projected to reach US$ 72.54 billion by 2026, from US$ 44.71 billion in 2020, at a CAGR of 8.4% during 2021-2026. Increase in fuel prices have led to increased sales of electric transporters in the last few years. Electric transportation is projected to emerge mainstream over the coming years. It is gaining the status of a better and eco-friendly alternative to conventional modes of transportation. Besides rising fuel prices, additional maintenance cost of conventional vehicles is poised to boost market growth.

Over the past few years, customers have become more aware and concerned about environmental issues such as air pollution, noise pollution, and depletion of non-renewable natural resources. Governments across various nations are consciously taking necessary steps towards controlling air pollution and CO2 emissions. Implementation of stringent norms to curb unnecessary pollution has mandated automotive manufacturers to innovate and develop eco-friendly and efficient alternatives.

Governments are encouraging the use of electric transporters through lucrative financial and non-financial incentives such as subsidies and tax exemption. The adoption rate of such transporters is still comparatively slow, owing to factors such as lack of necessary infrastructure, low awareness, and high cost of the product. However, these vehicles have a positive impact on the environment and would contribute towards a sustainable lifestyle.
Availability of sustainable alternative transporters has gained popularity among millennials as it provides a sense of joy and hassle-free convenience to users. High cost of transporters has given rise to new business opportunities, i.e. rent or lease. New renting or leasing service business models are gradually gaining attraction as users can enjoy perks of using the product without investing significant cost. Therefore, advent of these business models is likely to shape the future of the market.

Market Segmentation, Outlook & Viewpoint: Global Electric Transporters Market

Vehicle Type Market Segmentation & Outlook (Revenue, USD Billion, 2014 - 2025)

Electric scooter

  
Retro
  
Standing/ Self-Balancing
  
Folding

Electric bike

Electric skateboards

Battery Type Market Segmentation & Outlook (Revenue, USD Billion, 2014 - 2025)

  
Sealed Lead Acid
  
NiMH
  
Li-Ion

Voltage Market Segmentation & Outlook (Revenue, USD Billion, 2014 - 2025)

  
24V
  
36V
  
48V
  
Greater than 48V

Key Players, Recent Developments & Regional Insights: Global Electric Transporters Market

Asia Pacific accounted for over 42.0% of the global market in 2017, owing to rapid urbanization and strong adoption from Chinese consumers. Furthermore, availability of a broad consumer base in APAC has encouraged manufacturers to explore rental service business model. Moreover, China and Taiwan are prime locations for manufacturing of these vehicles, owing to high production capabilities and availability of abundant raw materials.
North America is anticipated to emerge as the most promising region during the forecast period. The goal of reaching 1.5 million zero-emission vehicles by 2025, established by the governor of California, is contributing to regional demand. The U.S. has experienced a strong inclination towards rental models. Companies such as Lime and Bird, who provide electric scooters,and electric-assist bikes based on rental model, have flourished exceptionally in recent years.

Electric Transporters Market Share Insights

Key industry competitors include Jiangsu Xinri Electric Vehicle Co. Ltd; Terra Motors Corporation; Gogoro Inc.; Mahindra GenZe; Vmoto Limited; and BMW Motorrad International. Key players are expanding their product capabilities overseas to gain industry presence. For instance, in 2016, Gogoro Inc. has partnered with Coup to expand its smart electric scooters sharing service in Berlin and other European cities.
Furthermore, the market in Europe has witnessed a considerable decline in demand for regular bikes and has increased its imports of e-bikes, primarily from Chinese manufacturers. Manufacturers efforts to encourage consumers to follow safety as well as traffic rules strictly will support the growth of the market in the near future.

Key Insights Covered: Global Electric Transporters Market

1. North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Electric Transporters industry.
2. Global major manufacturers operating situation (sales, revenue, growth rate and gross margin) of Electric Transporters industry.
3. Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of Electric Transporters industry.
4. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Electric Transporters industry.
5. Global market size (sales, revenue) forecast by regions and countries from 2019 to 2024 of Electric Transporters industry.

Research Methodology: Global Electric Transporters Market

  
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
  
Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
  
Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among other