Electric Transporters Market by Battery Type (Lithium-Ion battery (Li-Ion), Nickel-metal Hydride Battery (NiMH), and Sealed Lead Acid), Vehicle Type, Voltage and Geography - Global Industry Analysis, Opportunities and Forecast up to 2026

The global electric transporters market size was valued at $46.08 billion in 2020, and is projected to reach $79.44 billion by 2026, growing at a CAGR of 9.5% during the forecast period.

• Increasing adoption of electric transportation system by governments of countries, growing consumer preference for cost effective transportation options are anticipated to propel the electric transporters market during the forecast period.

• Additionally, the government initiative for green transportation coupled with attractive incentive policies for electric vehicle along with significant investment in electric vehicle infrastructure in developing countries are likely to boost the electric transporter market during the forecast period. likely to force other industries such as e-commerce, logistics, port handling equipment to adopt electric vehicle in order to meet stringent emission norms which is likely to expand adoption electric transporter during the forecast period.

• However, lack of proper infrastructure, higher initial cost, and issue regarding heating the electric motors are the factors that hamper the growth of the electric transporters market.

Electric transporter is a vehicle such as car, ship or plane with significant space for goods as well as passengers. It uses electric transportation technology used 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 generates considerably lower emissions than vehicles using fossil fuels such as petrol, diesel. It is preferred over fuel-driven vehicles due to low maintenance and running cost, an outcome of simple structure and operation.

By Vehicle Type, the Major Market Share is Held by Electric Scooter Segment

The electric scooter segment held a major market share during the forecast period owing to the presence of several key players across the globe. The technology companies are aggressively investing in electric scooters in order to expand different type’s transportation options. Furthermore, compact size, east of handling in heavy traffic situation, availability of different options electric scooters are boosting the popularity of electric scooters among consumers. 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.

By Geography, Asia Pacific Region is Projected to Strong Presence in the Global Market

Asia Pacific was the leading regional market, with China accounting for the major share. In 2017 September, the Chinese government issued a newly framed energy vehicle credit mandate that took effect in 2018. This mandate sets a new and minimum benchmark for the production of electric transporters with some flexibility offered through credit trading mechanism. The country has emerged as the major hub for production of these products not only because of its supporting policy framework but also for its low cost production rates. Reflecting the cost difference in battery cost electric vehicles in the country are much less expensive. Application of lead acid batteries leads to an estimated cost of USD 167 of an electric bike in the country.

List of the Key Players Profiled in the Market Include:
• Airwheel Holding Ltd
• Allcell Technologies LLC
• BMW Motorrad International
• BOXX Corporation
• KIWANO
• Jiangsu Xinri Electric Vehicle Co. Ltd
• Terra Motors Corporation
• Mahindra GenZe
• Vmoto Limited
• Hama GmbH & Co KG
• Daimler Trucks
• Nikola Motors
• Honda Motor Co. Ltd
• Ninebot Inc

What Can be Explored with this Research Report:
• Understand the key trends that will drive the market, challenges it faces in the current market scenario.
• Identify growth opportunities.
• Porter’s five force analysis.
• In-depth analysis of market segments, and regions/countries predicted to observed promising growth.
• Historical and forecast size of the market in terms of revenue (USD Million).
• Company profiling with key products and solution offerings, key financial information, SWOT analysis, and business strategies adopted.

Market Segmentation:

The research report includes in-depth coverage of the industry analysis with size, share, and forecast for the below segments:

Market by, Battery Type:
• Lithium-Ion battery (Li-Ion)
• Nickel-metal Hydride Battery (NiMH)
• Sealed Lead Acid

Market by, Vehicle Type:
• Electric Scooter
• Electric Bike
• Electric Skateboards

Market by, Voltage:
• 24V
• 36V
• 48V
• Greater than 48V

Market by, Geography:
• North America
• Europe
• Asia Pacific
• South America
• Middle East & Africa

Table Of Content

1 Market Overview   
    1.1 Introduction  
    1.2 Research Objectives 
    1.3 Market Segmentation 
    1.4 Stakeholders  
    1.5 List of Acronyms  
     
2 Executive Summary   
      
3 Research Methodology  
    3.1 Identification of Data 
    3.2 Evaluation of Market Dynamics
    3.3 Collaboration of Data 
    3.4 Verification and Analysis 
    3.5 Data Sources  
    3.6 Assumptions  
     
4 Market Dynamics   
    4.1 Market Drivers  
            4.1.1 environmentally friendly nature of electric transporters
            4.1.2 government support through favorable policies
    4.2 Market Restraints  
            4.2.1 high cost of product 
    4.3 Market Opportunities 
            4.3.1 lower cost of maintenance
    4.4 Market Challenges   
            4.4.1 lack of awareness 
    4.5 Impact of COVID-19 on Electric Transporters Market
     
5 Porter's Five Force Analysis  
    5.1 Bargaining Power of Suppliers 
    5.2 Bargaining Power of Buyers 
    5.3 Threat of New Entrants 
    5.4 Threat of Substitutes 
    5.5 Competitive Rivalry in the Market
     
6 Global Electric Transporters Market by, Battery Type
    6.1 Overview  
    6.2 Lithium-Ion battery (Li-Ion) 
    6.3 Nickel-metal Hydride Battery (NiMH)
    6.4 Sealed Lead Acid  
     
7 Global Electric Transporters Market by, Vehicle Type
    7.1 Overview  
    7.2 Electric Scooter  
    7.3 Electric Bike  
    7.4 Electric Skateboards 
     
8 Global Electric Transporters Market by, Voltage
    8.1 Overview  
    8.2 24V   
    8.3 36V   
    8.4 48V   
    8.5 Greater than 48V  
     
9 Global Electric Transporters Market by, Geography
    9.1 Overview  
    9.2 North America  
    9.3 Europe   
    9.4 Asia Pacific  
    9.5 South America  
    9.6 Middle East & Africa 
     
10 Key Developments   
     
11 Company Profiling   
    11.1 Airwheel Holding Ltd 
            11.1.1 Business Overview 
            11.1.2 Product/Service Offering
            11.1.3 Financial Overview 
            11.1.4 SWOT Analysis 
            11.1.5 Key Activities 
    11.2 Allcell Technologies LLC 
    11.3 BMW Motorrad International 
    11.4 BOXX Corporation  
    11.5 KIWANO   
    11.6 Jiangsu Xinri Electric Vehicle Co. Ltd
    11.7 Terra Motors Corporation 
    11.8 Mahindra GenZe  
    11.9 Vmoto Limited  
    11.10 Hama GmbH & Co KG 
    11.11 Daimler Trucks  
    11.12 Nikola Motors  
    11.13 Honda Motor Co. Ltd 
    11.14 Ninebot Inc