Global Electric Transporters Market Status, Trends and COVID-19 Impact Report 2021, Covid 19 Outbreak Impact research report added by Report Ocean, is an in-depth analysis of market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends, and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider Electric Transporters market, and compares it with other markets., market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Digital Evidence Management market size forecast, market data & Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence. Get complete Report (Including Full TOC, 100+ Tables & Figures, and Chart). – In-depth Analysis Pre & Post COVID-19 Market Outbreak Impact Analysis & Situation by Region.
The electric transporters market is anticipated to reach USD 69.5 billion by 2027. Electric transporters that include all types of e-vehicles are the primary trend within the automobile industry. These products boost the energy efficiency, require no direct fuel combustion and rely completely on the most diversified energy source carrier (electricity) which contributes to a wide range of transport policy goals. Increasing use of electric transporters will lead to energy security, rising quality of air, lesser noise pollution, lesser emission of greenhouse gases in concert with low-carbon power generation mix.
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Moreover, as e-vehicles are the trending innovating clusters in the automotive sector, these products have substantial potential to enhance industrial and economic competitiveness, hence attracting investments wherever major markets can be developed in the near future. Significant industry uptake of this segment of automobiles has occurred in the recent years. On- going commitments and support for further development of electric transporters from the automotive industry and policy makers suggest that the trend of EV will not abate in the next decade.
The increasing sales volumes of electric transporters along with the growing competition in the development of noble technologies are most likely to contribute continuous reduction in manufacturing cost of batteries, which is the most primary cost component of e-transporters. These costs cutting EV technologies have further strengthen their competitiveness compared with the internal combustion engines. This reinforces the case for road e-vehicles that are continuously occupying an expanding market share and perhaps a leading role in the evolution of transportation across all modes.
COVID-19 Impact
The COVID-19 pandemic in 2019 engulfed the world. It caused a worldwide halt. The entire global economy was affected. In addition, many people have also lost their lives. Around 252,297,094 cases and 5,091,465 deaths have been reported worldwide so far for COVID-19. The pandemic spread to almost every country in the world. In most industries, the pandemic resulted in some form of loss. As a result of the pandemic, the Electric Transporters Market also experienced a slowdown. Statista estimates that the Electric Transporters Market total worldwide revenue stood at approximately US$ 3.94 trillion in 2019. In 2014, the Electric Transporters Market generated revenues of US$ 5.4 trillion at a record high.
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The degree of competition among prominent global companies has been developed by analyzing several leading competitors operating globally. In addition, specialist analysts examine various aspects of the Electric Transporters Market, including market competition, market share, the most recent advancements in the industry, innovative product launches, partnerships, mergers, and acquisitions by leading companies.
The industry is recently influenced by some of the major developments in the European Union, China, the U.S. and the India. In 2021, the EU, China and India that together accounted for roughly 60% of the worldwide LDV market proposed and later implemented significant changes in policies that are likely to accelerate the phase of e-transporters and share their deployment in a global scale. On the flip side of it, recently announced policies on the rollback of federal regulations on the fuel economy of cars in the U.S. are anticipated to have negative influence on the uptake of electric cars.
Asia Pacific was the leading regional market in 2021, with China accounting for the major share. In 2021 September, the Chinese government issued a newly framed energy vehicle credit mandate that took effect in 2021. This mandate sets a new and minimum benchmark for the production of electric transporters with some flexibility offered through credit trading mechanism. The country has emerged as the major hub for production of these products not only because of its supporting policy framework but also for its low cost production rates. Reflecting the cost difference in battery cost electric vehicles in the country are much less expensive. Application of lead acid batteries leads to an estimated cost of USD 167 of an electric bike in the country. On the contrary, these products cost at an average of USD 815 in the U.S. and an average cost of USD 1,546 in the Western Europe countries, which reflects to the different choices in the battery chemistry.
Some of the industry participants include F-wheel DYU, Fuji-Ta, Baidu, Airwheel, Goldenwheel, Robstep, Hybike, Bafang (8FUN) Motor, Geoby, Guewer, Benelli, BMW Bicycles, BH, ECO Movement, Electric Bike Plus, Fully Charged, Mahindra GenZe and Kalkhoff.
What are the key findings of the report?
This report provides comprehensive information on factors expected to influence the market growth and market share in the future.
The report offers the current state of the market and future prospects for various geographical regions.
This report provides both qualitative and quantitative information about the competitive landscape of the market.
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