openPR Logo
Press release

COVID-19 Accelerates Growth of Personal Transporter Market as Mass Transport Declines |Major Key Players are Inventist Inc. (US), Airwheel Holding Limited (China), BOXX Corp. (US), Segway Inc. (US).

07-27-2020 07:17 PM CET | Industry, Real Estate & Construction

Press release from: Market Research Future

Personal Transporter Market

Personal Transporter Market

Market Dynamics

Market Research Future (MRFR) projects the personal transporter market 2020 to accelerate at a robust pace of 8.5% from 2019 to 2025, which is the review period. We will provide COVID-19 impact analysis with the report, offering detailed market developments following the coronavirus disease outbreak.

Request a Sample Report @

Key Drivers and Primary Deterrents

With the recent COVID-19 outbreak, personal mobility solution has emerged as the latest buzzword within the automotive industry. Segways, autonomous vehicles and electric two-wheelers have come into the limelight since the lockdown imposed following the pandemic. The automotive consumers are changing their transport choices as the novel coronavirus prompts them to seek out safer travel options. As SARS-CoV-2 boosts the need for social distancing, many people are naturally drawn to personal transporters instead of mass transport.

The escalating demand for better-performance digital signal processors such as actuators and sensors and the thriving tourism industry worldwide can significantly boost the market growth for personal transporter. The mounting demand for self-balancing electric two-wheelers also adds to the market strength. One of the top trends in the market can be the accelerated demand for eco-friendly smart personal transporter, personal mobility transporter and personal e-transporter. Many of the renowned automakers are highly focused on product innovation to facilitate mass reduction, sophisticated DSP processor, as well as an advanced battery technology. These advancements can be huge investment opportunities for the leading market firms in the following years, especially considering the COVID-19 impact on the world economy.

The global industry is flooded with new product launches as renowned vendors strive to gain higher impetus among their existing as well as potential customers. For instance, in July 2020, Lidl launched its latest e-hoverboard and e-scooter that features a rear electric brake, 2 independent braking systems 8” double-walled tires, front lights along with high-contrast display and yellow side reflectors.

Market Segmentation

The personal transporter industry can be dissected with respect to vehicle type, product, wheel type, weight capacity, travel range as well as application.
The primary vehicle types considered in the market study are e-scooter, e-bike, e-skateboard, e-hoverboard, and more.
Products that are outlined in the report are standing/self-balancing, folding and retro.
Depending on the weight capacity, the market caters to up to 10 kg, 10 kg-20kg, along with more than 20 kg.
In terms of the travel range, the market can be considered for up to 20 km, 20 km-35km, and more than 35 km.
The main application areas of personal transporters are off-road as well as on-road.

Regional Insight

The personal transporter industry can be regionally segregated with respect to North America, Europe, Asia Pacific or APAC as well as rest of the world or RoW.

Over the next few years, it is expected that APAC can be the global leader in the personal transporter market, thanks to the escalating use of retro two-wheelers and self-balancing scooters across the emerging countries of Vietnam, India, Japan and China. The mounting popularity of affordable and scaled-down e-vehicles, technological innovations in personal transporters, evolving lifestyles of the people combined with the improving economy are also some of the key factors that can enhance the market attractiveness in the region.

Europe is slated to be another strong contender in the global market, as a result of the surge in the number of strict government regulations paired with the soaring preference and sales of personal motorized transporters. Swing personal transporters are also gaining traction in Spain, France and the UK, while the off-road personal transporters are gaining interest from malls, hospitals and school. The high frequency of technological innovations in the field also boosts the market growth prospects in Europe.

Renowned Industry Companies

The renowned industry companies outlined in the MRFR study are Honda Motor Co., Ltd. (Japan), Inventist Inc. (US), Airwheel Holding Limited (China), BOXX Corp. (US), Segway Inc. (US), RazorUSA LLC (US), INMOTION TECHNOLOGIES CO. LTD. (China), Hangzhou CHIC Intelligent Technology Co., Ltd. (China), T3 Motion, Inc. (US), Onewheel (US), to list a few.

Browse Report @

Latest News
July 2020
Evolve, a world renowned e-skateboard brand from Australia, has decided to set up its London base in the East London location for its business expansion. The company is expected to sell and distribute their famous e-skateboards in the region, in addition to product demos as well as test rides.

Browse More Automotive Research Reports

Advanced Driver Assistance Systems Market Research Report – Global Forecast to 2025 -

Agricultural Tractors Market Research Report – Global Forecast till 2023 -

Automobile Care Products Market Research Report - Global Forecast till 2025 -

Automotive Chassis Market Research Report - Global Forecast to 2023 -

Media Contact
Company Name: Market Research Future
Contact Person: Abhishek Sawant
Email: Send Email
Phone: +1 646 845 9312
Address:Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar
City: Pune
State: Maharashtra
Country: India

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Edibles.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release COVID-19 Accelerates Growth of Personal Transporter Market as Mass Transport Declines |Major Key Players are Inventist Inc. (US), Airwheel Holding Limited (China), BOXX Corp. (US), Segway Inc. (US). here

News-ID: 2097504 • Views: 699

More Releases from Market Research Future

Field Programmable Gate Array Market 2021 Size, Share, Industry Analysis, Emergi …
Field Programmable Gate Array Market by technology (EEPROM, Antifuse, SRAM, Flash, and others (EPROM and PROM), by Application (data processing, consumer electronics, industrial, military & aerospace, automotive, telecom, and others), and by Type (high-end, mid-end, and low-end FPGA) - Global Opportunity Analysis and Industry Forecast, 2017-2023 According to a recent report published by Allied Market Research, titled, Field Programmable Gate Array Market by Technology, Application, and Type: Global Opportunity Analysis and
Semiconductor IC Tester Market Growth Factor, Demand, Size, Share, Trends, Growt …
The Semiconductor IC Tester Market research report includes Market segmentation and overlays shadow upon the leading market players highlighting the favourable competitive landscape and trends prevailing over the years. This study provides information about the sales and revenue during the historic and forecasted period of 2019 to 2027. Understanding the segments helps in identifying the importance of different factors that aid the Semiconductor IC Tester market growth. Semiconductor IC Tester is
Tilt Sensor Market Share, COVID-19 Pandemic Impact, Comprehensive Analysis, Oppo …
Global Tilt Sensor Market Highlights: The global Tilt Sensor Market is growing rapidly over 7.42% of CAGR and is expected to reach at USD 257.64 million by the end of forecast period. The global tilt sensor market has been witnessing a steady growth over the last few years on account of rapid growth of automobile and transportation market, high implementation of sensors in the constructions machines and rising demand for tilt
High Altitude Long Endurance Market Demand, Growth, COVID-19 Pandemic Impact, Ap …
High Altitude Long Endurance (Pseudo Satellite) Market Overview Market Research Future (MRFR) anticipates that the High Altitude Long Endurance Market 2020 could potentially achieve a strong valuation of USD 23 billion by 2022. The market is also projected to advance at an approximate rate of 9% between 2016 and 2022 (review period). We will provide covid-19 impact analysis with the report. The research on COVID-19 impact offers an in-depth analysis post

All 5 Releases

More Releases for Personal

Personal Protective Equipment (PPE)
Personal Protective Equipment (PPE) Market research report examines adoption trends, future growth potentials, key drivers, competitive outlook, restraints, opportunities, key challenges, Personal Protective Equipment (PPE) industry ecosystem, and revenue chain analysis. This report presents a detailed analysis, market sizing, and forecasting for the emerging segment within the Personal Protective Equipment (PPE) market. The report is thoroughly segmented by product type, application, vertical, and region. The points that are discussed within
Personal Car Renting Business
The Car Rental sector has been there in the top list now for around a decade because the global economies are emerging and purchasing power of the people is increasing. The global car rental sector became an important part of the economy due to the introduction of the new concepts of doing the business-like personal car on rent service, outstation car renting, a car with and or without driver renting,
Personal Services Market
Personal Services Market Global Briefing 2017 Personal Services market global briefing provides strategists, marketers and senior management with the critical information they need to assess the global personal services sector. Reasons to Purchase: • Outperform competitors using accurate up to date demand-side dynamics information. Identify growth segments for investment. • Facilitate decision making on the basis of historic and forecast data and the drivers and restraints on the market. • Develop strategies based on likely future developments. • Suitable for
Baby Personal Care Market
Monitoring the production of goods used for caretaking of babies becomes hypercritical in the premise of rising incidence of infections among infants. Owing to concerns about the potential health impact of chemicals in baby personal care products, manufacturers are scampering to include organic ingredients in their offerings. Authorities regulating the production of baby personal care products continue to adopt new techniques for eliminating the presence of harmful ingredients. In the
Personal Loan at
If you give out a lot of repayments from monthly income, getting loans can be burdensome. This is why some cannot obtain one. However, for meeting main expenses, a personal loan is a smart tool. There is an application process that you have to follow to get the loan approved, especially if you do not possess a hard proof about your ability to pay. Importance of a Good Credit Score If you
Web 2.0 becomes more personal
Ettlingen – Web 2.0 describes a new generation of the Internet, which is fitted to each customer. \"Personalization\" and interactive participation are the catchwords for the new version of the web. Platforms like wikipedia®, YouTube ™ or SecondLife® show the success of the Web 2.0. They profit from the participation of the users and from user-generated content. The Internet becomes more personal. Nevertheless it is not so personal like