Market Overview:
The global electric three-wheelers 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. Based on type, the global electric three-wheelers market can be segmented into 500W/650W, 800W, 1000W and 1300W segments. Among these segments, 1000W and 1300W are expected to witness higher growth rates during the forecast period owing to their high power capacities. Based on application, passenger carrier and goods carrier are two major segments of this market. Passenger carrier is expected to account for a larger share of this market in terms of revenue due to rising demand for last mile connectivity solutions across various regions worldwide.
Product Definition:
Electric three-wheelers are battery powered vehicles that have at least one wheel in the front and two in the back. They are used for transportation, often as a replacement for cars or motorcycles. Electric three-wheelers can be used for personal or commercial purposes, and they are becoming increasingly popular due to their low cost of operation and environmental benefits.
500W/650W:
500W/650W, it’s a power rating that is used for electric three-wheelers. It means the output power of 500 W or 650 W and it can vary according to the requirements of different types of vehicles. The 500W/650W power range is suitable for small vehicle like scooters with less than 50 kg load capacity and large vehicle like trucks with more than 50 kg load capacity.
800W:
800W is the power output of an electric three-wheeler. The higher the power, the faster will be its top speed. Electric three-wheelers are motorized vehicles that have at least three wheels and a handlebar for a rider to sit on. An electric three-wheeler has no clutch but has gears to change its speed by using pedals or through manual transmission.
Application Insights:
The passenger carrier segment dominated the global electric three-wheelers market in 2017. This is attributed to rising demand for passenger vehicles among developing countries, such as India and China. In addition, manufacturers are focusing on increasing the efficiency of these vehicles to reduce operating costs and make them competitive against conventional diesel buses. For instance, Eicher Motors introduced a petrol version of its electric three-wheeler called Pulsar e2O with features such as LED headlamps and tailgating capability. Other manufacturers are also focusing on improving the aesthetics of their products to attract customers in developing regions where there is a growing preference for personal transportation solutions over public transport buses due to lack of proper roads or pavements.
The goods carrier segment is expected register significant growth over the forecast period owing to increased industrialization across various regions coupled with rising urbanization trends in emerging economies including Brazil, South Africa and India that have resulted in an increase in freight requirements across various industries including food processing plants.
Regional Analysis:
North America dominated the global market in 2017. The growth of the regional market can be attributed to increasing investments by companies in order to develop advanced electric trucks. For instance, in 2016, Tesla Inc., an American automobile manufacturer, launched its new truck called Tesla Semi with a battery capacity of 150 kWh and a range of 300 miles on a single charge. Such initiatives are expected to increase demand for electric three-wheelers over the forecast period.
Asia Pacific is anticipated to witness significant growth over the forecast period owing to rising government initiatives for reducing carbon footprint along with increasing focus on developing infrastructure such as roads and highways leading towards economic development within countries such as China.
Growth Factors:
- Increasing demand for electric vehicles due to environmental concerns and government initiatives
- Rising income levels of consumers in developing countries, which will lead to an increase in the demand for luxury electric three-wheelers
- Development of advanced technologies that make electric three-wheelers more efficient and affordable
- Growing popularity of sharing economy models, which will lead to an increase in the number of people using electric three-wheelers as shared mobility solutions
- Proliferation of micro-mobility services, which will provide a boost to the sales of electric three-wheelers
Scope Of The Report
Report Attributes
Report Details
Report Title
Electric Three-Wheelers Market Research Report
By Type
500W/650W, 800W, 1000W, 1300W, Other
By Application
Passenger Carrier, Goods Carrier
By Companies
Atul Auto, Lohia Auto Industries, Romai Electric Vehicles, Scooters India, Xianghe Qiangsheng Electric Tricycle Factory, Terra Motors, Tuk Tuk Factory, Ampere Vehicles, Bajaj Auto, Kinetic Green
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
169
Number of Tables & Figures
119
Customization Available
Yes, the report can be customized as per your need.
Global Electric Three-Wheelers Market Report Segments:
The global Electric Three-Wheelers market is segmented on the basis of:
Types
500W/650W, 800W, 1000W, 1300W, Other
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, Goods 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:
- Atul Auto
- Lohia Auto Industries
- Romai Electric Vehicles
- Scooters India
- Xianghe Qiangsheng Electric Tricycle Factory
- Terra Motors
- Tuk Tuk Factory
- Ampere Vehicles
- Bajaj Auto
- Kinetic Green
Highlights of The Electric Three-Wheelers 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:
- 500W/650W
- 800W
- 1000W
- 1300W
- Other
- By Application:
- Passenger Carrier
- Goods 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-Wheelers 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
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- Business Expansion Strategies
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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-wheelers are vehicles that have three wheels in the front and two in the back. They are powered by an electric motor and can reach speeds of up to 20 mph.
Some of the major companies in the electric three-wheelers market are Atul Auto, Lohia Auto Industries, Romai Electric Vehicles, Scooters India, Xianghe Qiangsheng Electric Tricycle Factory, Terra Motors, Tuk Tuk Factory, Ampere Vehicles, Bajaj Auto, Kinetic Green.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Electric Three-Wheelers 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-Wheelers Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Electric Three-Wheelers 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-Wheelers 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-Wheelers Market Size & Forecast, 2018-2028
4.5.1 Electric Three-Wheelers Market Size and Y-o-Y Growth
4.5.2 Electric Three-Wheelers Market Absolute $ Opportunity
Chapter 5 Global Electric Three-Wheelers 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 Electric Three-Wheelers Market Size Forecast by Type
5.2.1 500W/650W
5.2.2 800W
5.2.3 1000W
5.2.4 1300W
5.2.5 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Electric Three-Wheelers 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 Electric Three-Wheelers Market Size Forecast by Applications
6.2.1 Passenger Carrier
6.2.2 Goods Carrier
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Electric Three-Wheelers 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-Wheelers 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 Electric Three-Wheelers Analysis and Forecast
9.1 Introduction
9.2 North America Electric Three-Wheelers 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 Electric Three-Wheelers Market Size Forecast by Type
9.6.1 500W/650W
9.6.2 800W
9.6.3 1000W
9.6.4 1300W
9.6.5 Other
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 Electric Three-Wheelers Market Size Forecast by Applications
9.10.1 Passenger Carrier
9.10.2 Goods 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 Electric Three-Wheelers Analysis and Forecast
10.1 Introduction
10.2 Europe Electric Three-Wheelers 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 Electric Three-Wheelers Market Size Forecast by Type
10.6.1 500W/650W
10.6.2 800W
10.6.3 1000W
10.6.4 1300W
10.6.5 Other
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 Electric Three-Wheelers Market Size Forecast by Applications
10.10.1 Passenger Carrier
10.10.2 Goods 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 Electric Three-Wheelers Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Electric Three-Wheelers 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 Electric Three-Wheelers Market Size Forecast by Type
11.6.1 500W/650W
11.6.2 800W
11.6.3 1000W
11.6.4 1300W
11.6.5 Other
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 Electric Three-Wheelers Market Size Forecast by Applications
11.10.1 Passenger Carrier
11.10.2 Goods 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 Electric Three-Wheelers Analysis and Forecast
12.1 Introduction
12.2 Latin America Electric Three-Wheelers 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 Electric Three-Wheelers Market Size Forecast by Type
12.6.1 500W/650W
12.6.2 800W
12.6.3 1000W
12.6.4 1300W
12.6.5 Other
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 Electric Three-Wheelers Market Size Forecast by Applications
12.10.1 Passenger Carrier
12.10.2 Goods 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) Electric Three-Wheelers Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Electric Three-Wheelers 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) Electric Three-Wheelers Market Size Forecast by Type
13.6.1 500W/650W
13.6.2 800W
13.6.3 1000W
13.6.4 1300W
13.6.5 Other
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) Electric Three-Wheelers Market Size Forecast by Applications
13.10.1 Passenger Carrier
13.10.2 Goods 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-Wheelers Market: Competitive Dashboard
14.2 Global Electric Three-Wheelers Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Atul Auto
14.3.2 Lohia Auto Industries
14.3.3 Romai Electric Vehicles
14.3.4 Scooters India
14.3.5 Xianghe Qiangsheng Electric Tricycle Factory
14.3.6 Terra Motors
14.3.7 Tuk Tuk Factory
14.3.8 Ampere Vehicles
14.3.9 Bajaj Auto
14.3.10 Kinetic Green
