Electric Transporters Market Size Worth $113.98 Billion By 2032 | CAGR: 8.50%

The global Electric Transporters market size is expected to reach USD 113.98 billion by 2032, according to a new study by Polaris Market Research. The report “Electric Transporters Market By Vehicle Type (Electric Scooter, Electric Bike, Electric Skateboards); By Battery Types; By Voltage; By Region, Segments & Forecast, 2024- 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Electric transporters are compact and efficient vehicles designed for short-distance transportation. They've become increasingly popular due to their eco-friendly nature, ease of use, and versatility in urban environments. Electric transporters come in various forms, including electric scooters, bikes, skateboards, and hoverboards, and are powered by rechargeable lithium-ion batteries. This offers zero-emission transportation and reduces the carbon footprint compared to traditional gasoline-powered vehicles. These vehicles are often lightweight and compact, making them ideal for navigating congested city streets and narrow pathways.

One of the key advantages of electric transporters is their ease of use and maneuverability. They usually feature intuitive controls, such as handlebars or handheld remotes, allowing riders to quickly learn and operate the vehicle. Electric scooters and bikes often have adjustable speed settings and regenerative braking systems, enhancing user safety and control.

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Electric transporters provide a practical solution for short-distance commuting and leisure activities. They're commonly used for short trips to work, school, or nearby destinations, offering a convenient and efficient alternative to cars or public transportation. Electric bikes, in particular, offer an opportunity for active commuting, combining the benefits of exercise with eco-friendly vehicles.

Furthermore, electric transporters reduce traffic congestion and improve air quality in urban areas. By providing a sustainable mode of transportation, they offer a viable solution to the last-mile transportation challenge by efficiently connecting public transit stops to final destinations.

Electric scooters are the most popular segment among the two wheeled motorized vehicles. These are similar to the gasoline powered products except that these are powered by battery power. Electric scooters offer efficiency gains and these local tailpipe emissions and are virtually silent, air and noise pollution reductions. These E-vehicles use batteries of different chemistries. The most common being nickel metal anhydride and lead acid. The low cost versions of these vehicles mostly use Valve Regulated Lead Acid (VRLA) batteries.

Electric Transporters Market Report Highlights

• Electric scooter is expected to grow significantly during the forecast period due to cost-effective and require minimal maintenance.
• 48V segment is anticipated to witness substantial growth in the upcoming year due to high – voltage batteries, high performance and hybridization opportunities.
• The demand in North America is expected to witness significant growth during forecast period due to high disposable income, rising urbanization, and emphasis on sustainable transportation.
• The global players include Airwheel Holding Ltd., Jiangsu Xinri E-Vehicle Co., Ltd., Honda Motor Co. Ltd., Hama GmbH & Co KG, Razor US LLC, Ninebot Inc., Kiwano, BOXX Corporation, BMW Motorrad International, and AllCell Technologies LLC.

Polaris Market Research has segmented the Electric Transporters market report based on vehicle type, battery type, voltage and region:

Electric Transporters, Vehicle Type Outlook (Revenue - USD Billion, 2019 - 2032)

• Electric Scooter

• Retro
• Standing/ Self-Balancing
• Folding

• Electric Bike
• Electric Skateboards

Electric Transporters, Battery Types Outlook (Revenue - USD Billion, 2019 - 2032)

• Sealed Lead Acid
• NiMH
• Li-Ion

Electric Transporters, Voltage Outlook (Revenue - USD Billion, 2019 - 2032)

• 24V
• 36V
• 48V
• Greater than 48V

Electric Transporters, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

• North America

• U.S.
• Canada

• Europe

• Germany
• UK
• France
• Italy
• Spain
• Russia
• Netherlands

• Asia Pacific

• China
• India
• Japan
• South Korea
• Indonesia
• Malaysia

• Latin America

• Argentina
• Brazil
• Mexico

• Middle East & Africa

• UAE
• Saudi Arabia
• Israel
• South Africa

Electric Transporters Market Report Scope