Electric Transporters

Global Electric Transporters Market to Reach US$69.4 Billion by 2030

The global market for Electric Transporters estimated at US$45.3 Billion in the year 2024, is expected to reach US$69.4 Billion by 2030, growing at a CAGR of 7.4% over the analysis period 2024-2030. Electric Scooter Vehicle, one of the segments analyzed in the report, is expected to record a 7.0% CAGR and reach US$39.5 Billion by the end of the analysis period. Growth in the Electric Bike Vehicle segment is estimated at 8.5% CAGR over the analysis period.

The U.S. Market is Estimated at US$12.3 Billion While China is Forecast to Grow at 11.5% CAGR

The Electric Transporters market in the U.S. is estimated at US$12.3 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$14.6 Billion by the year 2030 trailing a CAGR of 11.5% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 3.7% and 7.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.9% CAGR.

Global Electric Transporters Market – Key Trends & Drivers Summarized

How Are Shifts in Urban Mobility Needs Shaping Electric Transporters?

Urbanization is reshaping mobility across the globe, placing increasing pressure on public infrastructure and compelling city planners and consumers to seek cleaner, more compact transportation solutions. In this context, electric transporters—comprising electric scooters, bikes, mopeds, and micro-mobility vehicles—are emerging as frontrunners in urban transportation. With over 70% of the global population expected to live in cities by 2050, congestion and pollution levels are prompting policy overhauls in favor of electric personal transport. Countries like the Netherlands, Germany, and China have already integrated extensive networks of electric vehicle lanes, boosting both utility and consumer confidence in electric transporter adoption. Moreover, the "15-minute city" concept—a model where all essential services are accessible within 15 minutes of walking or cycling—is further popularizing the use of electric transporters, especially among millennials and Gen Z demographics. These age groups, characterized by high environmental consciousness and tech-savviness, are leading the charge in adopting lightweight electric vehicles. The integration of mobile apps, real-time location tracking, and ride-sharing features has further entrenched these vehicles as indispensable tools for daily commuting, last-mile delivery, and tourism-related movement in densely populated areas.

Can Infrastructure Keep Up With the Demand for Cleaner Mobility?

One of the most decisive trends accelerating the electric transporter market is the massive expansion of supportive infrastructure. Governments and private investors are collaborating to establish vast networks of charging stations, smart traffic systems, and designated micro-mobility lanes in key urban centers. In major cities like Los Angeles, Paris, Seoul, and Singapore, municipal budgets now allocate significant portions to the development of EV-compatible urban design. Furthermore, policy frameworks such as the European Green Deal, India`s Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) program, and California’s zero-emission vehicle mandates are creating strong backbones for electric transporter penetration. These programs not only subsidize vehicle purchases but also incentivize companies to invest in manufacturing and R&D. Logistics and delivery companies, too, are pushing for faster deployment of electric scooters and cargo bikes to meet new emission targets set by climate laws. Meanwhile, innovations in battery-swapping stations, wireless charging pads, and solar-powered docking hubs are transforming infrastructure bottlenecks into competitive advantages, thereby improving vehicle uptime and boosting user adoption across personal and commercial categories.

Is Innovation at the Core of Electric Transporter Advancements?

Technology innovation lies at the very heart of the evolving electric transporter landscape. The integration of artificial intelligence, Internet of Things (IoT), and machine learning into vehicle systems is enabling smarter, safer, and more efficient rides. Cutting-edge features such as regenerative braking, anti-theft locking systems, geofencing, and automatic diagnostics are increasingly becoming standard. Battery technology has witnessed exponential improvement—lithium-ion and solid-state batteries now offer longer range, reduced charging time, and higher lifecycle durability. Beyond hardware, software-based enhancements are creating layered value; for example, fleet operators and consumers can access real-time analytics on energy consumption, vehicle performance, and predictive maintenance schedules. Companies like Segway-Ninebot, Gogoro, and NIU are at the forefront of product evolution, releasing models with customizable riding modes, swappable batteries, and even autonomous parking capabilities. Additionally, new players are entering the market through collaborations with automotive giants and energy conglomerates, leading to cross-industry innovation and rapid prototyping. The rise of shared mobility platforms such as Lime, Bird, and Bounce has also fueled demand for durable, connected, and modular electric transporter models suited for short, frequent usage in dynamic urban environments.

What Forces Are Driving Market Growth Across Segments and Regions?

The growth in the electric transporters market is driven by several factors related to technology advancement, shifting end-use patterns, evolving consumer preferences, and regulatory interventions. First, the proliferation of on-demand delivery services, especially in urban and semi-urban locales, is creating a high-volume, recurring demand for electric two- and three-wheelers among gig workers and logistics firms. Second, consumer sentiment is progressively skewing towards sustainable living, with younger consumers actively opting for eco-conscious transport alternatives for personal commutes. Third, the automotive industry’s pivot toward electrification is leading to a spillover of R&D resources into the micro-mobility segment, producing innovations tailored for affordability, range, and connectivity. Fourth, regional government mandates requiring phased reductions in CO2 emissions, combined with growing congestion charges for combustion-engine vehicles, are making electric transporters an economically viable and regulatory-compliant choice. Additionally, the adoption of electric transporters in tourism and recreation is creating seasonal demand spikes in travel-heavy economies. Emerging markets in Southeast Asia, Latin America, and Africa are also beginning to see adoption rise due to improved vehicle affordability and localized manufacturing. In totality, these growth drivers are not just expanding the market’s size—they are also diversifying its usage, deepening its geographic reach, and elevating its long-term sustainability potential.

SCOPE OF STUDY:

The report analyzes the Electric Transporters market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Vehicle (Electric Scooter Vehicle, Electric Bike Vehicle, Electric Skateboards Vehicle); Battery (Sealed Lead Acid Battery, Nickel-Metal Hydride Battery, Lithium-Ion Battery); Voltage (24V, 36V, 48V, Above 48V)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 41 Featured) -

• Arrival Ltd.
• BMW AG
• BYD Company Limited
• Canoo Inc.
• Daimler Truck AG
• Ford Motor Company
• General Motors Company
• Hyundai Motor Company
• Kia Corporation
• Lordstown Motors Corp.
• Lucid Motors
• Mercedes-Benz Group AG
• Nikola Corporation
• NIO Inc.
• Rivian Automotive, Inc.
• Tesla Inc.
• Volkswagen AG
• Volvo Group
• Workhorse Group Inc.
• Xos, Inc.

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

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APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

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