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.

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.

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.