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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
How big is the global electric transporters market?
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.
What is the market share of the two-wheelers segment in the electric transporters industry?
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.
How significant is China's role in the electric transporters market?
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.
Who are the major players in the electric transporters industry?
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.