Personal Transporter Market Regional Trends, Demands, Industry Size, Share, Growth Drivers, Top Players Technology and Future Outlook 2030

Personal Transporter Market Research Report and Growth Analysis 2023 by Vehicle Type (E-bike, E-Scooter, E-hoverboard, E-skateboard and others), Product (Retro, Standing/Self-balancing and Folding), Weight Capacity (Up to 10 kg, 10 kg-20kg and More than 20 kg), Travel Range (Up to 20 km, 20 km-35km and More than 35 km), Application (On-Road and Off-Road) and Region (North America, Europe, Asia-Pacific and the Rest of the World) – Forecast till 2030

Personal Transporter Market Research Future Insights

According to market research future insights analysis, the global personal transporter market is expected to register a CAGR of ~ 8.5% from 2022 to 2030

The rise in demand for and sales of e-mobility cars are significant factors anticipated to support the growth of the personal transporter market over the forecast period. It is projected that the need for personal transporters has expanded due to the increased popularity of automation systems. Further, it is predicted that increased focus on enhancing the individual transporter market’s effectiveness and safety has tempered market expansion. The need for qualified workers and the high initial and ongoing costs associated with the private transporter market could pose additional obstacles to the market’s development shortly.

Key Players

Some of the key market players are,

• Hangzhou Chic Intelligent Technology Co. Ltd
• Airwheel Holding Limited
• Onewheel
• BOXX Corp.
• T3 Holdings Inc.
• Razor USA LLC
• INMOTION TECHNOLOGIES CO. LTD.
• SEGWAY INC.
• Honda Motor Company Ltd.
• Jiangsu Xinri E-Vehicle Co. Ltd.
• Inventist Inc.
• Terra Motors Corporation
• BMW AG
• Gogoro Inc. and Others.

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The rise in demand for personal e-transporters is due to favorable to the environment, smart personal transporters, and personal mobility transporters. Segway and Honda Motor Co., Ltd. are the leading private transporter producers worldwide in motion technologies. Their main areas of interest are the development of mass-reduction products, cutting-edge DSP processors, and improved battery technology. During the projected period, these innovations are anticipated to open up new market opportunities and significantly impact manufacturers’ investment prospects. Nevertheless, it is expected that over the forecast period, the high cost of personal transporters and strict restrictions have restrained the global market expansion.

Personal Transporter Market Regional Analysis

Europe dominated the market for personal transporter in 2021. European nations have made significant investments in the modernization and improvement of train infrastructure. Western European countries with established transportation infrastructure, such as the U.K., France, and Germany, and several regional transportation operators, use some of the most cutting-edge intelligent transportation technologies. Thus, increasing government spending on enhancing the region’s urban transportation and traffic system, particularly in the U.K. and France, was the driving factors for the market growth. 

Asia Pacific was the fastest growing region for in the market for personal transporter. The need for electric transporters in the APAC area is growing due to urbanization, population expansion, increased manufacturing capacity, and the availability of raw materials.

Personal Transporter Market Segmentation

The global personal transporter market has been segmented into vehicle type, travel range, and product.

The market has been segmented based on vehicle type into electric scooters, electric bikes, and electric skateboards. The electric scooter segment accounted for the largest share of the market in 2021. Due to its higher convenience and lower operating costs, it has an advantage. On the other hand, the electric bike segment was the fastest-growing segment during the forecast period. Artificial intelligence and information technology are heavily used in on-demand transportation to coordinate and manage transportation services effectively.

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Based on travel range, the market has been segmented into 20 km, 20 km-35km, and more than 35 km. More than 35km accounted for the personal transporter market’s largest revenue share in 2021 because of growing number of governments providing subsidiaries for electric vehicles. Besides, the 20 km-35km category was the fastest-growing segment due to the increase in electric scooters.

Based on product, the market has been segmented into retro, standing/self-balancing, and folding. The standing/self-balancing segment had prominent share in 2021 in the market for personal transporter. This is attributed to an rise in the number of people using electric skateboards. Besides, the folding category was the fastest-growing segment due to advancements in personal transporter.

Table Of Contents

1. Executive Summary
2. Scope Of The Report

2.1. Market Definition

2.2. Scope Of The Study

2.2.1. Definition

2.2.2. Research Objective

2.2.3. Assumptions

2.2.4. Limitations

2.3. Research Process

2.3.1. Primary Research

2.3.2. Secondary Research

2.4. Market Size Estimation

2.5. Forecast Model

3. Market Landscape

3.1. Porter’s Five Forces Analysis

3.1.1. Threat Of New Entrants

3.1.2. Bargaining Power Of Buyers

3.1.3. Threat Of Substitutes

3.1.4. Segment Rivalry

3.1.5. Bargaining Power Of Buyers

3.2. Value Chain/Supply Chain Analysis

4. Market Dynamics

4.1. Introduction

4.2. Market Drivers

4.3. Market Restraints

4.4. Market Opportunities

4.5. Market Trends

5. Global Personal Transporter Market, By Vehicle Type

5.1. Introduction

5.2. E-Bike

5.2.1. Market Estimates & Forecast, 2020–2027

5.2.2. Market Estimates & Forecast By Region, 2020–2027

5.3. E-Scooter

5.3.1. Market Estimates & Forecast, 2020–2027

5.3.2. Market Estimates & Forecast By Region, 2020–2027

5.4. E-Hoverboard

5.4.1. Market Estimates & Forecast, 2020–2027

5.4.2. Market Estimates & Forecast By Region, 2020–2027

5.5. E-Skateboard

5.5.1. Market Estimates & Forecast, 2020–2027

5.5.2. Market Estimates & Forecast By Region, 2020–2027

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