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Electric Transporters Market Share

Report ID: GMI12240
Published Date: Nov 2024
Report Format: PDF

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Electric Transporters Market Share

Yamaha Motor Company, Zero Motorcycles, and Giant Group collectively held a substantial market share of over 10% in the electric transporters industry in 2024. Yamaha is expanding its EV lineup with models like the E01 electric scooter and plans to introduce more EVs, including scooters, motorcycles, and bicycles, to meet sustainability demands in Asia, Europe, and North America. Partnering with Gogoro for battery-swapping technology, Yamaha aims to enhance infrastructure and accelerate e-mobility adoption, especially in urban Asia.

Zero is positioning itself as a premium EV motorcycle brand, focusing on high-performance models for experienced riders in North America and Europe. The company is expanding its dealership and distribution network to increase brand visibility and accessibility, particularly in the U.S., Europe, and Australia.

Giant is increasing e-bike production to meet rising global demand, with a strong presence in the U.S. and Europe. Offering diverse e-bike models for recreational, commuter, and cargo needs, Giant leverages both traditional retail and direct-to-consumer channels to expand its market share, especially in North America.

Electric Transporters Market Companies

Major players operating in the electric transporters industry are:

BMW Motorrad
Giant Group
Harley-Davidson
Hero MotoCorp
KYMCO
Niu Technologies
Segway Ninebot
Yadea
Yamaha Motor
Zero Motorcycles

Authors: Preeti Wadhwani, Aishwarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of electric transporters reached USD 54.5 billion in 2024 and is set to grow at a 7.3% CAGR from 2025 to 2034, driven by rising global fuel prices and volatility in traditional energy markets.

In 2024, the two-wheelers segment accounted for over 95% of the market share and is expected to exceed USD 103.5 billion by 2034, led by the establishment of standardized battery-swapping networks.

China accounted for 65% of the revenue share in the market in 2024, propelled by the rapid expansion of its battery swapping network for commercial electric transporters.

The key players in the industry include BMW Motorrad, Giant Group, Harley-Davidson, Hero MotoCorp, KYMCO, Niu Technologies, Segway Ninebot, Yadea, Yamaha Motor, and Zero Motorcycles.