Market Overview:
The global electric three wheeler market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for electric vehicles across the globe, coupled with government initiatives and subsidies for electric vehicles. Additionally, the growing awareness about environment-friendly transportation options is also propelling the growth of this market. The global electric three wheeler market can be segmented on the basis of type into lithium ion and lead acid. The lithium ion segment is expected to grow at a higher CAGR than lead acid during the forecast period owing to its advantages such as high energy density, longer life cycle, and low maintenance cost. On the basis of application,the global electric three wheeler market can be divided into passenger carrier and load carrier segments. The passenger carrier segment is projectedto hold a larger shareof thismarket in2030 owingtoitsgrowing popularity as an environmentally friendly mode of transportation option among urban commuters.
Product Definition:
An electric three Wheeler is a vehicle that uses electricity to power its engine. These vehicles are typically used for short distances and are often considered more environmentally friendly than other forms of transportation.
Lithium Ion:
Lithium ion is a chemical element that is a light, silver-white metal. It is the lightest of all metals; its atomic number 3 and different forms (such as Li3PO4) indicate that it has an even number of electrons in its outer shell. This makes it highly reactive to electric circuits, which leads to high energy density for applications like cell phones & laptops.
Lead Acid:
Lead acid batteries are the most common type of battery used in electric three wheelers. Lead-acid batteries find its major application in portable tools, such as drills, impact wrenches, and flashlights. These types of batteries are also used in automotive applications like starting systems and power windows. Lead-acid is a chemical element found in the earth’s crust mainly consisting of lead and one or more electrically charged ions (lithiones) per molecule.
Application Insights:
The passenger carrier segment dominated the global electric three wheeler market in 2017. The segment is expected to witness significant growth over the forecast period owing to increasing demand for e-trikes from various end-use industries such as agriculture, forestry and mining. Furthermore, introduction of advanced lithium ion battery packs with higher energy density will further propel the demand for e-trikes in this application.
The load carrier segment accounted for a substantial share of 29% in 2017 and is projected to grow at a CAGR exceeding 10% from 2018 to 2030 due to rising applications such as construction, agricultural work trucks and material handling among others. In addition, growing penetration of heavy commercial vehicles across developed economies will also drive industry growth over the forecast period.
Regional Analysis:
Asia Pacific is expected to be the fastest growing regional market with a CAGR of XX% from 2018 to 2030. The growth can be attributed to increasing disposable income, presence of affordable electric vehicles and supportive government policies in countries such as China and India. In 2016, China accounted for approximately 40% of global lithium-ion battery production capacity. Thus, it will have a major impact on industry dynamics across the globe in near future.
North America was estimated at USD X billion in 2017 and is projected to witness moderate growth over the forecast period owing to high penetration rates of electric three wheelers coupled with stringent emission norms implemented by regulatory bodies such as EPA (U.S.) and CARB (California Air Resources Board) within U.S., which are likely drive their manufacturing within region’s borders thus driving industry demand over the next eight years or so till 2030 AD (Year Of Light Commercial Vehicles).
Growth Factors:
- Increasing demand for electric vehicles due to environmental concerns
- Government initiatives and subsidies for electric vehicles
- Rising income levels of consumers, especially in developing countries
- Improved technology and falling prices of batteries and other components of electric vehicles
- Growing awareness about the benefits of electric vehicles among consumers
Scope Of The Report
Report Attributes
Report Details
Report Title
Electric Three Wheeler Market Research Report
By Type
Lithium Ion, Lead Acid
By Application
Passenger Carrier, Load Carrier
By Companies
Lohia Auto, Kinetic Green, Terra Motors India, Clean Motion, Hero Electric, Saera Electric Auto, Lohia Auto
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
180
Number of Tables & Figures
126
Customization Available
Yes, the report can be customized as per your need.
Global Electric Three Wheeler Market Report Segments:
The global Electric Three Wheeler market is segmented on the basis of:
Types
Lithium Ion, Lead Acid
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Passenger Carrier, Load Carrier
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Lohia Auto
- Kinetic Green
- Terra Motors India
- Clean Motion
- Hero Electric
- Saera Electric Auto
- Lohia Auto
Highlights of The Electric Three Wheeler Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Lithium Ion
- Lead Acid
- By Application:
- Passenger Carrier
- Load Carrier
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Electric Three Wheeler Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Electric Three Wheeler is a three-wheeled electric vehicle that can travel up to 25 mph. It has an estimated range of 50 miles and can be charged using standard household electricity.
Some of the major players in the electric three wheeler market are Lohia Auto, Kinetic Green, Terra Motors India, Clean Motion, Hero Electric, Saera Electric Auto, Lohia Auto.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Electric Three Wheeler Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Electric Three Wheeler Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Electric Three Wheeler Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Electric Three Wheeler Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Electric Three Wheeler Market Size & Forecast, 2020-2028
4.5.1 Electric Three Wheeler Market Size and Y-o-Y Growth
4.5.2 Electric Three Wheeler Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Lithium Ion
5.2.2 Lead Acid
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Passenger Carrier
6.2.2 Load Carrier
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Electric Three Wheeler Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Electric Three Wheeler Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Lithium Ion
9.6.2 Lead Acid
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Passenger Carrier
9.10.2 Load Carrier
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Lithium Ion
10.6.2 Lead Acid
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Passenger Carrier
10.10.2 Load Carrier
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Lithium Ion
11.6.2 Lead Acid
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Passenger Carrier
11.10.2 Load Carrier
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Lithium Ion
12.6.2 Lead Acid
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Passenger Carrier
12.10.2 Load Carrier
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Lithium Ion
13.6.2 Lead Acid
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Passenger Carrier
13.10.2 Load Carrier
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Electric Three Wheeler Market: Competitive Dashboard
14.2 Global Electric Three Wheeler Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Lohia Auto
14.3.2 Kinetic Green
14.3.3 Terra Motors India
14.3.4 Clean Motion
14.3.5 Hero Electric
14.3.6 Saera Electric Auto
14.3.7 Lohia Auto
