Personal Transporter Market

Options for last-minute connectivity and changing consumer preferences is driving the market growth

In recent years, the personal transporter market has grown significantly, propelled by a variety of factors including changing consumer demands. Personal transporters have become practical and space-saving options for short-distance travel in metropolitan areas as a result of the high pace of urbanisation and the subsequent congestion on roads. The increased demand for environmentally friendly transport options and the growing awareness of environmental effect both promote this trend. The personal transporter market has grown significantly as a result of advancements in battery technology.

The efficiency and range of electric-powered personal transporters have substantially increased thanks to the development of high-performance and lightweight batteries like lithium-ion batteries. Due to these developments, electric solutions are now more practical and appealing to consumers because they have no emissions and help to reduce air pollution.

Government programmes and incentives have additionally fueled market expansion. Around the world, numerous countries have put rules into place to encourage the use of electric vehicles and environmentally friendly transportation. This programmer supports personal transporter by offering subsidies, tax breaks, and the construction of charging infrastructure. Personal transporters have changed due to technological improvements, becoming more appealing and convenient. These cars now have more value thanks to improved motor efficiency, more safety measures, and the incorporation of smart technology like Smartphone connectivity and GPS monitoring.

Personal transporters meet the needs of consumers who are increasingly looking for alternate modes of transportation that provide convenience, flexibility, and individuality.

Personal transporters connect final destinations and public transport hubs with effective last-mile connection solutions. They provide a practical means of travelling short distances without using larger vehicles, cutting down on travel time and increasing overall effectiveness. In addition to the advantages already mentioned, personal carriers are less expensive than conventional automobiles. Since they use less energy and are less dependent on fossil fuels, electric-powered solutions are typically less expensive to buy and operate. They also have lower operating costs. Thus, driving the Personal Transporter market revenue.

The Global Personal Transporter Market Industry is experiencing a surge due to rapid urbanization. As cities expand, the demand for efficient and compact transportation solutions increases. Urban areas are projected to house 68 percent of the global population by 2050, leading to a greater need for personal transporters that can navigate congested streets. This trend is reflected in the market's projected value of 57.9 USD Billion in 2024, indicating a robust growth trajectory. The convenience and flexibility offered by personal transporters make them an attractive option for urban dwellers seeking alternatives to traditional vehicles.

Environmental sustainability is becoming a pivotal driver in the Global Personal Transporter Market Industry. With increasing awareness of climate change and pollution, consumers are gravitating towards eco-friendly transportation options. Personal transporters, often electric or hybrid, contribute to reducing carbon footprints. Governments worldwide are implementing stricter emissions regulations, further encouraging the adoption of cleaner transport solutions. This shift is expected to propel the market, with projections indicating a growth to 127.0 USD Billion by 2035. The emphasis on sustainable transport aligns with global efforts to combat environmental degradation, making personal transporters a viable choice for eco-conscious consumers.

The Global Personal Transporter Market Industry is poised for substantial growth, with projections indicating a market value of 57.9 USD Billion in 2024 and an anticipated increase to 127.0 USD Billion by 2035. This growth trajectory suggests a compound annual growth rate of 7.4 percent from 2025 to 2035. Factors contributing to this expansion include urbanization, technological advancements, and shifting consumer preferences towards sustainable transport solutions. As the market evolves, it is likely to attract new entrants and foster innovation, further enhancing the competitive landscape.

Technological innovation plays a crucial role in shaping the Global Personal Transporter Market Industry. Advancements in battery technology, connectivity, and autonomous driving features enhance the functionality and appeal of personal transporters. For instance, improvements in lithium-ion batteries have significantly increased the range and efficiency of electric personal transporters. Additionally, the integration of smart technologies allows for better user experiences and safety features. As these technologies continue to evolve, they are likely to attract a broader consumer base, contributing to a compound annual growth rate of 7.4 percent from 2025 to 2035, thereby solidifying the market's growth.

Changing consumer preferences are reshaping the Global Personal Transporter Market Industry. As lifestyles evolve, individuals are increasingly seeking convenient, flexible, and cost-effective transportation solutions. The rise of the sharing economy has also influenced preferences, with many consumers opting for personal transporters for short-term use rather than ownership. This shift is reflected in the growing popularity of electric scooters and bikes, which cater to urban commuters. The market's projected growth to 57.9 USD Billion in 2024 underscores the importance of adapting to these changing preferences, as manufacturers strive to meet the demands of a more diverse consumer base.

Government initiatives and incentives are pivotal in driving the Global Personal Transporter Market Industry. Many countries are introducing subsidies and tax breaks for electric and alternative fuel vehicles to promote cleaner transportation. These policies not only encourage consumers to adopt personal transporters but also stimulate manufacturers to innovate and expand their offerings. For instance, various regions are establishing infrastructure for charging stations, enhancing the practicality of electric personal transporters. Such supportive measures are expected to significantly impact market growth, as evidenced by the anticipated increase in market value to 127.0 USD Billion by 2035.

By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. Asia-Pacific Personal Transporter Market dominated this market in 2022 (45.80%). The necessity for effective transit strategies and rising urbanisation will boost market growth in this region. Further, China’s Personal Transporter market held the largest market share, and the Indian Personal Transporter market was the fastest growing market in the Asia-Pacific region.

Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: GLOBAL PERSONAL TRANSPORTER MARKET SHARE BY REGION 2022 (USD Billion)

Source: Secondary Research, Primary Research, Market Research Future Database and Analyst Review

North America Personal Transporter market accounts for the second-largest market share. Environmental awareness, traffic congestion, and the presence of well-known tech enterprises in the area are some of the factors driving the industry. Further, the U.S. Personal Transporter market held the largest market share, and the Canada Armor Materials market was the fastest growing market in the North America region.

The Europe Personal Transporter Market is expected to grow at the fastest CAGR from 2024 to 2032. Strict pollution laws and government subsidies for electric cars have also helped this sector expand in Europe. Further, the German Personal Transporter market held the largest market share, and the UK Personal Transporter market was the fastest growing market in the European region.

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Personal Transporter market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Personal Transporter industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global Personal Transporter industry to benefit clients and increase the market sector. In recent years, the Personal Transporter industry has offered some of the most significant advantages to medicine. Major players in the Personal Transporter market, including INMOTION TECHNOLOGIES CO. LTD. (China), Segway Inc. (US), Honda Motor Co. Ltd. (Japan), Inventist Inc. (US), Airwheel Holding Limited (China), T3 Motion Inc. (US), Onewheel (US), BOXX Corp. (US), RazorUSA LLC (US), Hangzhou CHIC Intelligent Technology Co.

Ltd. (China) and others, are attempting to increase market demand by investing in research and development operations.

Honda Motor Co. Ltd., headquartered in Tokyo, Japan, has made significant contributions to the personal transporter market. While Honda is best known for its cars and motorcycles, it has also made a name for itself in the electric scooter and electric bicycle industries. Honda's entry into the personal transporter market is in line with its dedication to sustainable mobility and tackling the problems associated with urban transportation. Honda's electric scooters, like the Honda PCX Electric and Honda Benly e:, have won praise for their effectiveness, dependability, and environmental friendliness.

These scooters have electric drivetrains that provide emission-free operation, making them a green option for commuting in cities. Due to Honda's experience in both car engineering and manufacture, its electric scooters are of the highest calibre. Honda has entered the market for electric bicycles in addition to electric scooters. Their pedal-assist technology and electric power combine in their electric bicycles, like the Honda e-Bike and Honda Step Compo, to give riders a smooth and comfortable ride. These bicycles incorporate Honda's emphasis on innovation, design, and dependability and are made for both urban mobility and leisure riding.

Honda has also taken a leading role in research and development projects to promote electric mobility.

INMOTION Technologies Co. Ltd. is an industry leader in the design, development, and production of personal transporters. INMOTION has established a name for itself in the international market for its cutting-edge electric vehicles with a focus on creative mobility solutions. A wide variety of personal transporters, including electric scooters, electric unicycles, and electric bicycles, are available from INMOTION. The company's products are renowned for their modern aesthetics, cutting-edge technology, and superior functionality. The INMOTION L9 and INMOTION V11 electric scooters, for example, have characteristics like long-range capability, smart connection, and durable suspension systems for improved riding comfort.

Both metropolitan commuters and recreational riders can use these scooters. Models like the INMOTION V10 and INMOTION V12 have helped INMOTION forge a significant foothold in the electric unicycle market. These self-balancing electric unicycles are well-liked by enthusiasts and daring riders because of their amazing agility, stability, and user-friendly controls.