Electric Transporters Market Size - By Electric Vehicle, By Voltage, By Battery, By End Use, Analysis, Share, Growth Forecast, 2025 – 2034

Electric Transporters Market Size

The global electric transporters market was valued at USD 54.5 billion in 2024 and is projected to grow at a CAGR of 7.3% between 2025 and 2034. Due to the increasing global oil prices, businesses are looking for alternative solutions. For example, Brent crude oil cost per barrel was USD 75.29, WTI oil at USD 71.47, and OPEC basket at USD 74.02, as per the International Energy Agency report in November 2024.
 

Additionally, oil prices are also estimated to reach USD 80/bbl within the upcoming months. On the other hand, electric transporters greatly decrease maintenance and fuel spending. In many regions around the world where electricity prices are stable or there is access to renewable energy, the total cost of ownership increasingly favors electric options.

Governments are restructuring emission policies and environmental strategies especially across urban municipalities. These policies consist of lowering emission zones, applying carbon taxes, and promoting electric vehicles. Therefore, electric transporters are highly sought after, as business and logistics firms are switching their fleets to electric options. Europe, as well as some parts of Asia, are actively achieving these goals as many cities set zero-emission goals.
 

At the same time, the rise in the adoption of e-bikes is being encouraged by regulations, incentives, and safety campaigns in many nations. In February 2024, the government of the UK provided recommendations to increase public awareness as well as the safety aspect of using and purchasing e-bikes.
 

Electric Transporters Market Trends

Electric transporters such as e-cargo bikes are gaining broader application in logistics, urban delivery, and personal use, owing to their efficiency, lower eco-footprint, and cost-effectiveness. With the aggravating congestion in cities and emissions regulations, many logistics and retail companies operating in European and North American markets are switching to e-cargo bikes for last-mile delivery.
 

As an example, Zedify drastically reduced their carbon emissions in September 2024 by utilizing cargo bikes for last-mile deliveries. This approach has shown a 95% and 82% drop in carbon emissions per kilometer when compared to diesel and electric trucks, respectively. Moreover, these bikes can carry heavy items, which further encourages the transport of goods, groceries, and equipment over short distances.
 

The market faces a significant challenge from range restrictions, which affects adoption and user satisfaction. For the majority of e-bikes, the optimal range is between 20-60 miles. However, with terrain, rider weight, and speed as some of the many real-world factors that reduce this range, results in what is best defined as range anxiety for potential buyers.
 

Increasing battery size to enhance range oftentimes causes costs and weight to increase, making e-bikes harder to afford and manage. There is also limited charging infrastructure, especially in urban communities. There is a more dire focus on developing compact batteries, regenerative brakes, and compact chargers to resolve the range issues.
 

Electric Transporters Market Analysis

Based on the electric vehicle, the market is segmented into two-wheelers and personal transporters. In 2024, the two-wheelers segment accounted for over 95% of the electric transporters market share and is expected to exceed USD 103.5 billion by 2034.
 

• Battery-swapping systems are revolutionizing the use of e-scooters and e-motorcycles in cities. Companies are building stations for fast battery exchanges to replace charging, which cuts downtime and range anxiety.
   
• This strategy has been pioneered in Taiwan and India, where Gogoro and Hero MotoCorp are developing comprehensive systems. In December 2023, for example, Gogoro started making electric scooters in India with plans to establish approximately 100 battery swap stations by the second half of 2024. The company is also planning to invest over USD 1.5 billion in Maharashtra, which includes building a factory for Crossover e-scooters in collaboration with Foxconn. This market is growing the fastest of any in the world. This model is extremely beneficial to delivery fleets and ride-sharing services, which suffer the most under downtime.

Based on the battery, the electric transporters market is divided into lithium-ion, lead-acid, nickel-metal hydride, and solid state. By 2034, the lithium-ion segment is expected to exceed USD 78.5 billion due to several key factors.
 

• Manufacturers are now tailoring advanced battery chemistries such as Lithium Iron Phosphate (LFP) and Nickel Manganese Cobalt (NMC) to specific applications. The LFP batteries are used primarily by commercial vehicles as they are cost-effective and damage tolerant.
   
• Even though NMC is more expensive, high nickel formulators greatly benefit applications requiring higher energy density. This diversification offers a better fit of battery characteristics to the specific demands of the various vehicles.
   
• Moreover, the standard features include high-level integration of AI with BMS, advanced battery management systems, and other machine learning paradigms. The systems enable real-time monitoring of the battery's health, maintenance prediction, and adoption of suitable charging policies, which may enhance the lifetime, safety, and performance of the battery. Features such as dynamic power dispatch and advanced thermal management are critical for commercial electric transport activities.  

In 2024, China is considered the dominating region in the Asia Pacific electric transporters market and accounted for over 65% market share in the region.
 

• China is at the forefront of developing its battery-swapping infrastructure for commercial electric transporters. Major players such as NIO and BAIC are putting out battery swap stations automated around urban delivery vehicles and taxi fleets. This initiative takes away the concern of charging periods and allows for systems to be put into service around the clock.
   
• This initiative is further propelled by government policies and subsidies due to the desire for a national grid. The system facilitates the changing of used batteries with charged ones and takes less than five minutes, thus letting vehicles minimize downtime.
   
• European capitals are setting up specialized electric transporters as zero-emission zones are slowly becoming a mandatory requirement. These modifications enable the vehicles to pass through cities with minimal noise.
   
• The Netherlands and Denmark are leading this charge as their cities transform into zones that permit no emissions.
   
• There is a rise in the adoption of last-mile delivery vehicles across North America. Retail and logistics firms want specific delivery E-Vans to maximize the efficiency of delivery that matches the North American delivery structure. In turn, these vehicles have modular designs with advanced telematics and more ergonomic features to support frequent stop deliveries.
   

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.
 

• In 2024, along with the expansion of the EV lineup, which includes the E01 electric, Yamaha plans on introducing scooters, bicycles, and even motorcycles to keep up with the sustainable needs in Europe, Asia, and North America. With the help of Gogoro, Yamaha hopes to amplify the adoption of e-mobility across urban Asia.
   
• Zero is establishing itself as a premium EV motorcycle brand concentrating on high-end models for seasoned riders in the US and Europe. The firm is broadening its dealership and distribution channels to enhance the brand presence in the US, Europe, and Australia.
   
• Giant's e-bike production is rising to meet the increasing demand around the world at their major market in the U.S. and Europe. A variety of e-bike models for leisure, commuting, or even heavy-duty use allow Giant to use traditional sales and DTC in order to capture more of the market, particularly 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
   

The electric transporters market is already occupied by large international companies who deal in a wide variety of competitively priced, high-quality electric transporters, which are supported by vast distribution channels and efficient after-sales service. Having this advantage means they are able to venture into new regions, build partnerships with urban mobility platforms, and attract more users through mobile applications and subscription models.
 

After purchasing products or services from other companies, many businesses use an impressive after-service and put forward things such as long-term warranties, easy repair networks, and consumer-friendly loan facilities to ensure that customers do not leave them. Additionally, most prominent corporations are advertising their brands to showcase their dedication to innovation, product excellence, and sustainability, which assists them in cutting competition in the market.
 

Electric Transporters Industry News

• In November 2024, a leader in electric motorcycles, LiveWire, partnered with KYMCO, a giant in powersports, to advance their strategic collaboration with an objective to create LiveWire’s first electric maxi-scooter aimed at the European market. LiveWire will provide their S2 powertrain technology, whereas KYMCO is set to deliver its innovation in scooters.
   
• In July 2024, Niu Technologies revealed that they are expanding their retail chain to cover more than 800 Best Buy locations in the USA. This step is aimed at increasing the penetration of electric two-wheelers in the U.S. market. Consumers can now purchase NIU’s electric kick-scooters KQi series and e-bikes BQi series in Best Buy shops, at BestBuy.com, and via the Best Buy Mobile App.
   

The electric transporters market research report includes in-depth coverage of the industry with estimates & forecasts in terms of revenue ($ Mn/Bn), and volume (Units) from 2021 to 2034, for the following segments:

Click here to Buy Section of this Report

Market, By Electric Vehicle

• Two-wheelers
  • E-bikes
  • E-scooters
  • Electric motorcycles 
• Personal transporters
  • Skateboards
  • Hoverboards

Market, By Voltage

• 24V
• 36V
• 48V
• Above 48V

Market, By Battery

• Lithium-ion
• Lead-acid
• Nickel-metal hydride
• Solid state

Market, By End Use

• Personal
• Commercial

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Russia
  • Nordics
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • ANZ
  • Southeast Asia
• Latin America
  • Brazil
  • Mexico
  • Argentina
• MEA
  • UAE
  • Saudi Arabia
  • South Africa