ID: MRFR/IA - E/6806-HCR | February 2021 | Region: Global | 100 pages
Personal transporter market size is projected to reach around 150 million units by 2025 and is estimated to witness ~8.5% CAGR during the forecast period, 2019–2025.
A personal transporter is an electric-powered, short distance, and low-velocity vehicle for one or two people. There are various types of personal transporters such as electrical wheel, electric skateboard, and electric bicycle. An electric wheel has one or two wheels on an axle, and users ride on a platform attached to the wheel. Segway Inc. is a well-known manufacturer of two-wheeled personal transporters in the US. Whereas, the electric bicycle powered by an electric motor. Also, if the power of an electric bicycle runs out, the user can use the pedals and it will work just like a bicycle. Personal transporter is the electric skateboard powered by electricity and can be operated with a remote controller. The global personal transporter market is expected to be valued at around 150 million units by 2025.
Geographically, the global personal transporter market has been segmented as four regions, namely, Europe, North America, Asia-Pacific, and the rest of the world. Asia-Pacific is poised to hold a major market share during the forecast period owing to the growth of the personal transporters industry. Additionally, the increasing adoption of self-balancing scooter and retro two-wheelers in countries such as China, Vietnam, India, and Japan are likely to boost the market growth during the forecast period. On the other hand, Europe is expected to witness substantial growth owing to stringent government standards and growing demand for personal motorized transporter and swing personal transporters from the UK, Spain, and France.
The prominent players in the global personal transporter market include 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), and Hangzhou CHIC Intelligent Technology Co., Ltd. (China).
The growing trend of high-performance digital signal processors like sensors and actuators, growing tourism sector globally, and increasing demand for a self-balancing two-wheeled electric vehicle around the globe are the main factors for the growth in the demand for personal transporters.
The significant increase in the demand for environment-friendly personal e-transporter, smart personal transporter, and personal mobility transporter are expected to create opportunities for players operating in the global market during the forecast period. In motion technologies, Segway, and Honda Motor Co., Ltd. are the major personal transporter manufacturers in the global market. They primarily focus on product development for mass reduction, advanced DSP processor, and better battery technology. These developments are expected to create opportunities in the market and further influence the investment opportunities for the manufacturers during the forecast period. However, the high prices of personal transporter and stringent regulations are expected to hamper the growth of the global market during the forecast period. For instance, in Germany, self-balancing hover boards are not allowed on public streets, as they are considered a type of motor vehicles, which is illegal to run on roads in Germany as of 2017.
Segmentation: Global Personal Transporter Market
The global personal transporter market is segmented based on vehicle type, product, wheel type, weight capacity, travel range, application, and region. On the basis of vehicle type, the global market has been segmented into e-bike, e-scooter, e-hoverboard, e-skateboard, and Others. On the basis of product, the global market has been segmented as retro, standing/self-balancing, and folding. On the basis of weight capacity, the global market has been segmented into up to 10 kg, 10 kg-20kg, and more than 20 kg. On the basis of travel range, the global market has been segmented into up to 20 km, 20 km-35km, and more than 35 km. On the basis of application, the global market is segmented as on-road and off-road.
The report for global personal transporter market of Market Research Future covers extensive primary research. This is accompanied by a detailed analysis of qualitative and quantitative aspects by various industry experts and key opinion leaders to gain deeper insights into the market and industry performance. The report gives a clear picture of the current market scenario, which includes the historic and forecasted market size, in terms of value and volume, technological advancement, macroeconomic, and governing factors of the market. The report provides comprehensive information about the strategies of the top companies in the industry, along with a broad study of the different market segments and regions.
|Market Size||2025: USD 150 million|
|CAGR||8.5% CAGR (2020-2027)|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Vehicle Type, Product, Weight Capacity, Application|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||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), and Hangzhou CHIC Intelligent Technology Co., Ltd. (China)|
|Key Market Opportunities||Significant increase in the demand for environment-friendly|
|Key Market Drivers||
Frequently Asked Questions (FAQ) :
The personal transporter market is expected to expand at 8.5% CAGR.
In terms of volume, the personal transporter market is expected to reach USD 150 million units.
By vehicle type, the personal transporter market is supposed to be dominated by the e-scooter segment.
The folding segment is poised to hold the forefront position.
The following market players are supposed to expedite growth process - INMOTION TECHNOLOGIES CO., LTD. (China), Honda Motor Co., Ltd. (Japan), Segway Inc. (US), Inventist, Inc. (US), T3 Motion, Inc. (US), Airwheel Holding Limited (China), Onewheel (US), RazorUSA LLC (US), BOXX Corp. (US), and Hangzhou CHIC Intelligent Technology Co., Ltd. (China).