Global Electric Transporters Market Size By Vehicle Type (Electric Scooter, Electric Bike), By Battery Type (Sealed Lead Acid, NiMH (Nickel-metal hydride battery) and Li-Ion (Lithium-Ion battery)), By Geographic Scope And Forecast

Electric Transporters Market Size And Forecast

Electric Transporters Market size was valued at USD 51.60 Billion in 2023, is projected to reach USD 101.87 Billion in 2030, and is expected to grow at a CAGR of 15.69% from 2024 to 2030.

Advancements in technology, lower cost of maintenance, government support through favorable policies, rising fuel prices, and the environmentally friendly nature of electric transporters are a few factors contributing to the growth of the Electric Transporters Market. The Global Electric Transporters Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Electric Transporters Market Definition

An electric transporter is a vehicle such as a car, ship, or plane with significant space for goods as well as passengers. It uses electric transportation technology to power and propel the motor of the vehicle. Electric Transporters are suitable for both short and long-distance. These are environment-friendly as it generate considerably lower emissions than vehicles using fossil fuels such as petrol, and diesel. It is preferred over fuel-driven vehicles due to low maintenance and running cost, an outcome of simple structure and operation.

The transporter can be basically classified into three, namely• Electric VansThey are usually small and suitable for both cargo transportation and people movement.• Electric shipDue to their construction, they are mainly designed for cargo transportation.• Electric AircraftThey are designed to transport freight, people or materials.

Global Electric Transporters Market Overview

Advancement in battery technology with lower cost and government policy support are key drivers for the growth of the Global Electric Transporters Market. Technological advancements such as lithium-ion batteries as raw material for electric transporters are now produced at a lower cost which ultimately reduces the cost of production for Electric transporter. Rising fuel prices is also a major reason that contributes to the demand for electric transporter. Favorable government support to curb pollution is propelling the demand for eco-friendly technology such as electric vehicles. This, is boosting the market growth.

Lack of proper infrastructure can be a major issue in hampering the growth of Electric transporters. Many developing countries and few developed countries have an inadequate charging station and related infrastructure, which withdraws the interest of the potential buyers, hampering the market growth. Also, electric transporters have a higher initial cost which impedes market growth. Also, the issue regarding heating the electric motors also acts as a challenge for the market growth.

Solar-powered transporter can be an opportunity for the Electric Transporters Market. A hybrid or integrated model of electric and solar power can increase its limited range and capacity. This will increase the use of renewable energy as sufficient photovoltaic energy would avoid the use of battery embedded and in case of insufficiency of solar power, battery embedded would be taken into use.

Global Electric Transporters MarketSegmentation Analysis

The Global Electric Transporters Market is Segmented on the basis of Vehicle Type, Battery Type, and Geography.

Electric Transporters Market, By Vehicle Type

• Electric Scooter• Electric Bike• Electric Skateboards

Based on Vehicle Type, The market for Electric Transporter can be segmented into Electric Scooter, Electric Bike, and Electric Skateboards. The electric scooter is the largest share segment in the Electric Transporters Market owing to the advantage of higher convenience and low running cost associated with it.

Electric Transporters Market, By Battery Type

• Sealed Lead Acid• NiMH (Nickel-metal hydride battery)• Li-Ion (Lithium-Ion battery)

Based on Battery Type, The market for Electric Transporter can be segmented into Sealed Lead Acid, NiMH (Nickel-metal hydride battery) and Li-Ion (Lithium-Ion battery). Sealed Lead Acid forms the largest segment whereas, Li-Ion (Lithium-Ion battery) is the fastest-growing segment in the Electric Transporters Market. Lithium-Ion batteries has higher energy density, voltage capacity and lower self-discharge rate. It has faster recharge and higher voltage output which is a better substitute to NiMH battery, which is expected to push its demand in the future.

Electric Transporters Market, By Geography

• North America• Europe• Asia-Pacific• Rest of the World

Based on Geography, The market is segmented into North America, Europe, Asia-pacific and Rest of the World. Asia-Pacific region accounts for the largest share of the market for Global Electric Transporters Market mainly due to growing demand across China. The region is experiencing growth due to urbanization, increase in population, higher production capability and availability of raw material are the factors that increase the demand for Electric transporters in APAC region.

Key Players

The “Global Electric Transporters Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Allcell Technologies LLC, BMW Motorrad International, BOXX Corp., Hama GmbH & Co KG, KIWANO, Jiangsu Xinri E-Vehicle Co. Ltd, Daimler Trucks, Nikola Motors, Tesla, and Volvo.

The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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