Personal Transporter Market 2021| Global Size, Growth Opportunities, Comprehensive Analysis, Competitive Landscape, Future Prospects and Potential of Industry with Regional Trends by Forecast to 2025

Market Analysis

The global personal transporter market will touch USD 150 million units at an 8.5% CAGR between 2019- 2025, states the recent Market Research Future (MRFR) analysis. A personal transporter, also known as a personal light electric vehicle or electric rideable, is used as a motorized car to transport a person at speeds up to 25km/hour, that is, 16 mph. It is of different types such as e-skateboard, e-hoverboard, e-scooter, e-bike, and others.

Various factors are propelling the global personal transporter market share. According to the recent MRFR report, such factors include growing need and sales of e-mobility cars, rising adoption of automation system for personal and human transporter, growing focus to improve the efficiency and safety of personal transportation, improvements on emerging economies, changing lifestyle, technological advances, growing popularity of scaled-down electric cars, rising adoption of automation technologies and IoT to improve technological optimization, high demographic rates, rising urban population, and growing government initiatives and PPP models for smart transportation.

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On the contrary, high initial price, high maintenance cost, lack of skilled professional, COVID-19 impact, and strict regulations are factors that may impede the global personal transporter market growth over the forecast period.

Market Segmentation

The MRFR report highlights an inclusive segmental analysis of the global personal transporter market based on application, travel range, weight capacity, product, and vehicle type.

By vehicle type, the global personal transporter market is segmented into e-skateboard, e-hoverboard, e-scooter, e-bike, and others.

By product, the global personal transporter market is segmented into folding, standing/self-balancing, and retro.

By weight capacity, the global personal transporter market is segmented into more than 20 kg, 10kg-20kg, and up to 10 kg.

By travel range, the global personal transporter market is segmented into more than 35 km, 20km- 35 km, and 20 km.

By application, the global personal transporter market is segmented into off-road and on-road.

Regional Analysis

By region, the global personal transporters industry covers the growth opportunities and recent trends across Europe, North America, the Asia Pacific (APAC), & the Rest of the World (RoW). Of these, the APAC region will have the lions share in the market over the forecast period. The presence of India, China, and other emerging economies, coupled with the large consumer base and increasing disposable income in China, are adding to the global personal transporter market growth in the region.

In North America, the global personal transporter market is predicted to have healthy growth over the forecast period. The growing need for electric skateboard and hoverboard, the booming product service industry in Canada and the US, the presence of key players, advanced technology, and stable economy in the US is adding to the global personal transporter market growth in the region.

In Europe, the global personal transporter market is predicted to have sound growth over the forecast period. The presence of developed nations, adoption of new technologies, and demand for off-road personal transporter vehicles from hospitals, malls, and schools in Germany are adding to the global personal transporter market growth in the region.

In the RoW, the global personal transporter market is predicted to have steady growth over the forecast period for the incorporation of technological advances at a rapid pace which is adding to the global personal transporter market growth in the region.

Key Players

Key contenders profiled in the personal transporter market report include Hangzhou CHIC Intelligent Technology Co., Ltd. (China), RazorUSA LLC (US), BOXX Corp. (US), Onewheel (US), T3 Motion, Inc. (US), Airwheel Holding Limited (China), Inventist, Inc. (US), Honda Motor Co., Ltd. (Japan), Segway Inc. (US), and TECHNOLOGIES CO., LTD. (China).

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Key Questions Addressed by the Report
• What was the historic market size (2020)?
• Which segmentation (Product/ Capacity) is driving market?
• What will be the growth rate by 2025?
• How are the key players in this market?
• What are the strategies adopted by key players?

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
3.1.1 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

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