Personal Transporter Market Forecast 2021: COVID-19 Impact 2021 by Current & Upcoming Trends

 

Market Highlights

A personal transporter is also called as electric rideable or personal light electric vehicle. The personal transporter is used as motorized vehicle for transporting an individual at speeds up to 25 km/h (16 mph). Personal transporters are of various types including electric skateboards, kick scooters, self-and balancing unicycles.

The rise in the demand and sale of e-mobility vehicles, increasing adoption of automation system for personal transporter, and growing focus on enhancing the safety and efficiency of the personal transporters are expected to raise the growth of the market.

Strict regulations, lack of skilled professionals, and the high initial prices and maintenance costs associated with personal transporter is expected to hamper the market growth during the forecast period. However, increasing popularity of scaled-down electric vehicles, technological advancement in personal transporter, changing lifestyle, and the improvements in emerging economies create ample opportunities for market growth. The global personal transporter market is expected to be valued at around 150 Million units by 2025 and is projected to witness ~8.5% CAGR over the forecast period.


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Market Research Analysis

The global personal transporter market is segmented based on vehicle type, product, wheel type, weight capacity, travel range, application, and region. Based on vehicle type, the global market is segmented into E-bike, E-Scooter, E-hoverboard, E-skateboard, and Others. On the basis of product, the global market has been segmented into 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 has been segmented into on-road and off-road.

 

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Key Players

The leading players operating in the global personal transporter market are Hangzhou CHIC Intelligent Technology Co., Ltd. (China), Airwheel Holding Limited (China), T3 Motion, Inc. (US), Onewheel (US), BOXX Corp. (US), RazorUSA LLC (US), include INMOTION TECHNOLOGIES CO.,LTD. (China), Segway Inc. (US), Honda Motor Co., Ltd. (Japan), and Inventist, Inc. (US).

 

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