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Electric Transporters Market Size

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

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Electric Transporters Market Size

The global electric transporters market size was valued at USD 54.5 billion in 2024 and is projected to grow at a CAGR of 7.3% between 2025 and 2034. Rising global fuel prices and volatility in traditional energy markets are prompting businesses to seek cost-effective alternatives. For instance, according to the International Energy Agency, in November 2024, Brent crude oil was priced at USD 75.29 per barrel, WTI oil at USD 71.47, and the OPEC basket at USD 74.02.

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Additionally, oil prices are expected to increase by USD 5/barrel and reach USD 80/bbl. Electric transporters offer significant savings on fuel and maintenance costs. Total cost of ownership increasingly favors electric options, especially in regions with stable electricity prices or access to renewable energy sources.

Electric Transporters Market Report Attributes
Report Attribute	Details
Base Year:	2024
Electric Transporters Market Size in 2024:	USD 54.5 Billion
Forecast Period:	2025 to 2034
Forecast Period 2025 to 2034 CAGR:	7.3%
2034 Value Projection:	USD 108.9 Billion
Historical Data for:	2021 – 2024
No. of Pages:	180
Tables, Charts & Figures:	200
Segments covered:	Electric Vehicle, Voltage, Battery, End Use
Growth Drivers:	Growing adoption of environment-friendly regulations Rising fuel costs across the globe Technology advancements in battery production Rising smart city initiatives
Pitfalls & Challenges:	Charging infrastructure limitations High upfront investment costs

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Governments enforce stricter emission regulations and environmental policies, particularly in urban areas. These include low-emission zones, carbon taxes, and incentives for electric vehicle adoption. Consequently, logistics companies and businesses are transitioning their fleets to electric alternatives, driving substantial demand for electric transporters. This trend is especially strong in Europe and parts of Asia, where cities are setting ambitious zero-emission goals. Additionally, many countries are driving e-bike adoption through supportive regulations, incentives, and safety campaigns. In February 2024, the UK government issued guidelines to improve consumer awareness and safety regarding the purchase, charging, and operation of e-bikes.

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.