Technology Research Reports Electric Transporters Market

Electric Transporters Market Analysis, Size, Growth, Share &
Forecast to 2025 | Grand View Research Inc.
“Electric Transporters Market Worth $66.98 Billion By 2025 | CAGR: 8.4%”
The global electric transporters market size is projected to reach USD 66.98 billion by 2025, according to a new report by
Grand View Research, Inc., progressing at a CAGR of 8.4% during the forecast period. Rising fuel price has been spurring
the growth of the market. In addition, growing inclination towards eco-friendly transportation has led to increased
adoption of electric transporters. The vehicles are compact and lightweight in nature and are highly convenient for short
distance commuting.
Electric scooters were the most prominent vehicle type in terms of revenue in 2017. These vehicles are compact, which
provide ease of transportation in a heavy traffic situation. Moreover, electric scooters are available in various types such
as portable hoverboards, foldable scooters, and Segway’s model. Thus, customers get more options to choose an
appropriate electric scooter depending on their preference. The segment is poised to expand at a CAGR of 9.7% over the
forecast period. The market share of electric bikes is likely to decline over the forecast period owing to their high cost.
Stringent government regulations for using e-skateboards in public places and on roads are also limiting the growth of
the segment.
Sealed lead acid batteries were the most popular battery type for electric transporters in 2017, owing to their low cost
and a higher range per charge. The growth of the NiMH batteries segment can be limited by increasing environmental
concerns over Nickel and other harmful chemical leakages through these batteries while decomposing. Lithium-ion
batteries are estimated to gain considerable market share by 2025 owing to growing technological innovations such as
fast charging and surging use of polymers for better battery life.
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