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Electric Transporters Market Trends

Report ID: GMI12240 Published Date: November 2024Report Format: PDF
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Electric Transporters Market Trends

Electric transporters such as ep-cargo bikes are increasingly used in logistics, urban delivery, and personal transport due to their versatility, low environmental impact, and cost savings over traditional vehicles. As cities face congestion and emissions regulations, logistics providers and retailers in Europe and North America are adopting e-cargo bikes for last-mile deliveries.

For instance, in September 2024, Zedify significantly cut carbon emissions by using cargo bikes for last-mile deliveries. This strategy achieved a 95% reduction in carbon emissions per kilometer compared to diesel vans and an 82% reduction compared to electric vans. These bikes can carry significant weight, enabling the transport of goods, groceries, and equipment over short distances which is further driving the trend.

Range limitations significantly challenge the market, affecting adoption and user satisfaction. Most e-bikes offer a range of 20 to 60 miles per charge under optimal conditions, but real-world factors like terrain, rider weight, and speed often reduce this range, causing "range anxiety" among potential buyers. Enhancing battery size and capacity can extend range but increases costs and weight, making e-bikes less affordable and harder to handle. Additionally, charging infrastructure remains limited, particularly in urban areas. The market is thus focusing on more efficient battery technology, regenerative braking systems, and compact charging solutions to address these range issues effectively.

Author: Preeti Wadhwani, Aishwarya Ambekar
Frequently Asked Question(FAQ) :

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.

Electric Transporters Market Scope

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