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Electric Transporters Market Size - By Electric Vehicle, By Voltage, By Range, By Battery, By Application, By End Use, Growth Forecast, 2026 - 2035
Report ID: GMI12240
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Published Date: December 2025
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Report Format: PDF
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Authors: Preeti Wadhwani, Satyam Jaiswal
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Base Year: 2025
Companies covered: 25
Tables & Figures: 140
Countries covered: 27
Pages: 225
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Electric Transporters Market
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Electric Transporters Market Size
The global electric transporters market size was estimated at USD 57.9 billion in 2025. The market is expected to grow from USD 59.4 billion in 2026 to USD 120.9 billion in 2035, at a CAGR of 8.2% according to latest report published by Global Market Insights Inc.
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.
Rapid urbanization continues to intensify traffic congestion in cities worldwide, creating strong demand for compact, maneuverable electric transporters. More than 1 billion people currently lack access to all-weather roads according to United Nations Organization, while existing urban road infrastructure struggles to accommodate growing vehicle populations.
According to World Bank, urban passenger demand is set to more than double by 2050 from 2015 levels, spurring an urgent need for efficient and compact transportation solutions. In 2024, the International energy agency reported that electric two-wheelers now represent about 8% of the global two-wheeler fleet. In response to this surge, cities around the globe are enhancing their infrastructure, expanding bike lanes, and redesigning parking facilities to better serve the rising number of electric micro-mobility vehicles.
Battery technology advancements are propelling market growth. As per International energy agency, the cost of lithium-ion batteries plummeted from over USD 500 per kWh in 2015 to just USD 135 per kWh in 2023.
Battery technology advancements are propelling market growth. As reported by International energy agency, lithium-ion battery costs plummeted from over USD 500 per kWh in 2015 to just USD 135 per kWh in 2023. This significant drop in costs has positioned electric transporters as formidable competitors to traditional options, especially in high-demand sectors like ridesharing and delivery services.
As e-commerce rapidly expands, the demand for electric cargo transporters in last-mile delivery has surged. According to World Bank, the COVID-19 pandemic not only sped up e-commerce adoption but also heightened the number of last-mile delivery vehicles on urban roads.
5% Market Share
Collective market share in 2024 is Collective Market Share is 15%
Electric Transporters Market Trends
Battery swapping technology is addressing charging time and range anxiety in the electric transport market. The International energy agency approved standard P3240.14 in November 2025, enabling interoperability and traceability across manufacturers through distributed ledger technology, fostering widespread adoption and cross-brand compatibility.
Battery swapping offers a quick 2–3-minute solution compared to the 30 minutes to several hours required for conventional charging. This minimizes downtime, making it ideal for ridesharing, delivery fleets, and public transport, thereby boosting fleet productivity.
China and India lead in battery swapping infrastructure, driven by companies like Gogoro, Nio, and Sun Mobility. International energy agency highlights its growing adoption in Asia's two-wheeler and three-wheeler segments due to high usage rates and standardized battery formats.
Smart cities leverage real-time data from electric transport fleets to enhance traffic management, implement dynamic pricing, and optimize vehicle distribution. These measures help identify congestion patterns, adjust traffic signals, and balance transportation system loads efficiently.
According to World Bank, MaaS platforms not only curb private vehicle ownership but also boost public transport usage, leading to less congestion and lower emissions. Cities like Amsterdam, Copenhagen, and Singapore have taken the lead, weaving electric micro-mobility into their broader MaaS frameworks, showcasing the promise of a fluid multi-modal transport system.
Standardization of data formats, and communication protocols is advancing integration efforts. International energy agency has established standards for vehicle-to-infrastructure communication, enabling interoperability among manufacturers and service providers. These fosters open platforms, encouraging competition, innovation, and consistent user experiences.
Regulatory frameworks for electric transporters are evolving globally, enhancing clarity for manufacturers and consumers while ensuring safety and interoperability. International energy agency standards, such as IEEE 1860 and IEEE 1725, address lithium-ion battery systems, safety protocols, performance testing, and environmental considerations, including recycling and disposal.
According to International energy agency, governments representing over 50% of global vehicle sales have endorsed the Paris Declaration on electric mobility, aiming for 20% road transport electrification by 2030. This commitment is driving regulations like emissions standards, zero-emission vehicle mandates, and internal combustion engine.
Electric Transporters Market Analysis
Based on electric vehicles, electric transporters market is segmented into two-wheelers, three-wheelers and personal transporters. The two-wheelers segment dominates the market with 45% share in 2025, and the segment is expected to grow at a CAGR of 8.5% from 2026 to 2035.
Based on range, electric transporters market is divided into into short-range (urban, ≤100 km/day), mid-range (regional, 100-300 km/day), and long-range (≥300 km/day). The short-range segment dominates with 43% market share in 2025 and is growing at the fastest rate of 8.6% CAGR till 2035, driven by urban micro-mobility and last-mile delivery applications.
Based on voltage, the electric transporters market is segmented into 24V, 36V, 48V and above 48V. The 48V segment dominates with 46% market share in 2025, representing the optimal balance for most urban electric transporter applications.
Based on battery, the electric transporters market is divided into lithium-ion, lead-acid, nickel-metal hydride, and solid-state batteries, each offering distinct performance, cost, and application characteristics. Lithium-ion batteries dominate with 75% market share in 2025, reflecting superior energy density, longer lifespan, and declining costs that have made them the preferred choice for most electric transporter applications.
Asia Pacific region dominated the electric transporters market with a market share of 73% in 2025, which is anticipated to grow at a CAGR of 7.8% during the analysis timeframe. The region benefits from robust production in China and rising demand across India and Southeast Asia.
The electric transporters market in China is expected to experience significant and promising growth from 2026 to 2035.
North America is the fastest growing electric transporters market, which is anticipated to grow at a CAGR of 12% during the analysis timeframe.
The US is fastest growing country in North America electric transporters market growing with a CAGR of 12.3% from 2026 to 2035.
Europe electric transporters market accounted for USD 13.4 billion in 2025 and is anticipated to show growth of 8.8% CAGR over the forecast period.
Germany dominates the Europe electric transporters market, showcasing strong growth potential, with a CAGR of 9.2% from 2026 to 2035.
Brazil leads the Latin American electric transporters market, exhibiting remarkable growth of 7.7% during the forecast period of 2026 to 2035.
UAE to experience substantial growth in the Middle East and Africa electric transporters market in 2025.
Electric Transporters Market Share
The top 7 companies in the electric transporters industry are Yamaha Motor, Giant, Segway Ninebot, Hero MotoCorp, Zero Motorcycles, BMW Motorrad and Harley-Davidson contributed around 17% of the market in 2025.
Electric Transporters Market Companies
Major players operating in the electric transporters industry are:
Electric Transporters Industry News
The electric transporters market research report includes in-depth coverage of the industry with estimates & forecasts in terms of revenue (USD Mn) and Volume (Units) from 2022 to 2035, for the following segments:
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Market, By Electric Vehicle
Market, By Voltage
Market, By Battery
Market, By Range
Market, By Application
Market, By End Use
The above information is provided for the following regions and countries: