Global Personal Transporter Market Size, Share, and Trends Analysis Report – Industry Overview and Forecast to 2031

Personal Transporter Market Analysis

The personal transporter market is experiencing significant growth due to increasing urbanization, rising demand for eco-friendly transportation solutions, and the growing preference for convenient, short-distance travel options. As cities become more congested, personal transporters such as electric scooters, segways, and hoverboards are gaining popularity as efficient alternatives to traditional vehicles. The market is further driven by advancements in battery technology, which have improved the range and performance of these devices, making them more appealing to consumers. Additionally, government initiatives promoting sustainable transportation and reducing carbon emissions are encouraging the adoption of personal transporters. The rise of ride-sharing platforms and micro-mobility services is also contributing to market expansion, as these solutions offer affordable and accessible transportation options.  

Personal Transporter Market Size

Global personal transporter market size was valued at USD 53.42 billion in 2023 and is projected to reach USD 102.60 billion by 2031, with a CAGR of 8.5% during the forecast period of 2024 to 2031. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Personal Transporter Market Trends

“Government Support for Low-Emission Transportation”

Governments worldwide are increasingly prioritizing low-emission transportation to address environmental concerns such as air pollution and climate change. This shift in policy has led to increased subsidies, tax incentives, and supportive regulations aimed at promoting sustainable mobility solutions. Such government support presents significant opportunities for the personal transporter market. By reducing the financial barriers through subsidies and incentives, governments make personal transporters like electric scooters, e-bikes, and hoverboards more accessible to the general public. Additionally, policies that invest in infrastructure—such as dedicated lanes, parking facilities, and charging stations—enhance the usability and convenience of personal transporters. These measures not only encourage consumers to adopt eco-friendly transportation options but also position personal transporters as integral components of sustainable urban mobility plans. Manufacturers and service providers can leverage this supportive environment to expand their offerings, innovate new products, and collaborate with government initiatives, thereby playing a key role in the transition towards greener cities.

Report Scope and Market Segmentation       

Personal Transporter Market Definition

A personal transporter is a compact, motorized vehicle designed for individual transportation over short distances. These devices typically use electric power and include options such as scooters, segways, hoverboards, and electric unicycles. Personal transporters are often used in urban environments, campuses, or recreational areas, offering a convenient and eco-friendly alternative to walking or driving for personal mobility. 

Personal Transporter Market Dynamics

Drivers  

• Urbanization and Traffic Congestion

Rapid urbanization and increasing traffic congestion in major cities are key drivers of the personal transporter market. As urban populations grow, road networks are becoming more congested, leading to longer commute times and reduced efficiency for traditional vehicles. In response, personal transporters such as electric scooters, hoverboards, and e-bikes offer a convenient and space-efficient alternative for short-distance travel. These devices allow individuals to navigate through crowded urban environments more easily, reducing reliance on cars and public transportation. As cities continue to expand, personal transporters are emerging as a viable solution to alleviate traffic congestion, improve mobility, and offer a flexible transportation option tailored to the needs of urban commuters.

• Eco-Friendly Transportation Demand

The growing demand for eco-friendly transportation solutions is another major driver of the personal transporter market. With rising environmental awareness, consumers are increasingly seeking alternatives to gasoline-powered vehicles, which contribute to air pollution and carbon emissions. Electric personal transporters provide a sustainable option for short-distance travel, offering zero-emission mobility that aligns with global efforts to combat climate change. As governments implement stricter environmental regulations and incentivize green transportation options, the adoption of electric scooters, e-bikes, and other personal transporters is expected to rise. This trend highlights the increasing role of personal transporters in promoting sustainable urban transportation and reducing the environmental footprint of daily commutes.

Opportunities

• Development of Foldable and Portable Models

Innovation in foldable and ultra-portable personal transporters is creating new opportunities for convenience and mobility, especially for commuters who use multiple modes of transport. Foldable models, such as electric scooters and bikes, offer the flexibility to combine public transit with personal transportation, allowing users to easily carry their devices on trains, buses, or in the trunk of a car. These portable designs enhance convenience by enabling users to store their transporters in small spaces at home, work, or in transit. As cities prioritize multi-modal transportation systems, the demand for foldable and portable personal transporters is likely to grow, offering commuters a seamless and efficient way to navigate urban environments.

• Tourism and Recreational Use

Personal transporters are increasingly gaining popularity in the tourism and recreational sectors, offering a convenient and enjoyable way for travelers to explore destinations. In tourist hotspots, electric scooters, Segways, and other transporters are being rented out to visitors, allowing them to move efficiently between attractions without the hassle of traditional transportation. These devices also add a fun and engaging element to sightseeing, enhancing the tourist experience. Similarly, recreational users are adopting personal transporters for activities such as leisure rides in parks and outdoor spaces. The expanding use of personal transporters in these sectors presents lucrative opportunities for companies to cater to both tourists and recreational enthusiasts.

Restraints/Challenges

• Safety Concerns

Safety concerns remain a significant restraint for the personal transporter market, particularly due to the risk of accidents and injuries. In urban areas where infrastructure is not adequately developed for personal transporters, users face hazards such as navigating through traffic, uneven roads, or pedestrian areas. The lack of dedicated lanes or protective gear also increases the potential for accidents, deterring some consumers from adopting these devices. Additionally, there have been reports of injuries related to sudden malfunctions or improper handling of transporters.

• Lack of Infrastructure

The lack of adequate urban infrastructure is a major barrier to the widespread adoption of personal transporters. Many cities do not have dedicated lanes, parking spaces, or charging stations designed for personal transport devices such as e-scooters and electric bikes. Without these necessary infrastructure elements, users face challenges in safely operating and maintaining their devices. The absence of clear regulations on where and how personal transporters can be used further complicates their integration into urban environments.

This market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Personal Transporter Market Scope

The market is segmented on the basis of vehicle type, product, weight capacity, travel range, and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Vehicle Type

• E-Bike
• E-Scooter
• E-Hoverboard
• E-Skateboard
• Others

Product

• Retro
• Standing or Self-Balancing
• Folding

Weight Capacity

• Up To 10 Kg
• 10 Kg-20 Kg
• More Than 20 Kg

Travel Range

• Up to 20 km
• 20 km-35 km
• More Than 35 km

Application

• On-Road
• Off-Road

Global Personal Transporter Market Regional Analysis

The market is analyzed and market size insights and trends are provided by country, vehicle type, product, weight capacity, travel range, and application as referenced above.

The countries covered in the market are U.S., Canada, Mexico, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, rest of Middle East and Africa, Brazil, Argentina, and rest of South America.

Asia-Pacific is expected to dominate the market due to rapid urbanization and increasing demand for convenient mobility solutions. The swift pace of urban development in countries like China, combined with the growing adoption of personal transporters by Chinese consumers, is expected to further accelerate market growth in the region throughout the forecast period.         

North America is expected to be the fastest growing due to the rising preference for rental and shared mobility models. The convenience and affordability offered by personal transporter rental services, particularly in urban areas, have attracted a wide consumer base, fueling market expansion. Additionally, the presence of major industry players in the region, including key manufacturers and service providers, is anticipated to further drive growth. 

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Global Personal Transporter Market Share

The market competitive landscape provides details by competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to market.

Personal Transporter Market Leaders Operating in the Market Are:

• Hangzhou Chic Intelligent Technology Co., Ltd. (China)
• Airwheel Holding Limited (China)
• T3 Holdings, Inc. (U.S.)
• Onewheel (U.S.)
• BOXX Corp. (U.S.)
• Razor USA LLC (U.S.)
• INMOTION TECHNOLOGIES CO., LTD. (China)
• SEGWAY INC. (U.S.)
• Honda Motor Company, Ltd. (Japan)
• Inventist Inc. (U.S.)
• Jiangsu Xinri E-Vehicle Co., Ltd. (China)
• Terra Motors Corporation (Japan)
• Gogoro Inc. (Taiwan)
• BMW AG (Germany)

Latest Developments in Personal Transporter Market

• In November 2023, Canadian electric mobility company Envo Drive Systems introduced the Utility Personal Transporter (UPT), which is currently in its functional prototype stage. The UPT is a four-wheel-drive electric platform designed to be highly adaptable, serving various purposes, akin to a more compact version of the REE "skateboard chassis" system. Envo presented the UPT to the media last Friday during an event that also highlighted the launch of their new Veemo velomobile. The UPT, however, bears a stronger resemblance to one of Envo's more established products, the e-ATV

SKU-66785