Market Overview:
Electric tricycles are the vehicles that have three wheels and are propelled by electric power. These tricycles come in two types- folding electric tricycles and non-folding electric tricycles. Folding electric trikes can be easily folded for storage or transportation, while non-folding trikes do not fold. Electric trikes are used as cargo vehicles as well as passenger vehicles. The global market for electric tricycles is expected to grow at a CAGR of 7% during the forecast period 2018-2030.
Product Definition:
Electric tricycles are tricycles that are propelled by electric motors. They are used to provide transportation for people who cannot ride a traditional bicycle or those who need assistance getting around. Electric tricycles can also be used for cargo transport.
Folding Electric Tricycles:
Folding electric tricycles are motorized scooters that are designed for short-distance travel. They have a small wheelbase and a low center of gravity which helps in better maneuverability. These vehicles can be easily converted into portable chairs by folding them, hence they serve as an excellent urban commute option at an economical price compared to conventional bicycles or motorcycles.
Non-Folding Electric Tricycles:
Non-folding electric tricycles are a type of electric bicycle that has three wheels and is designed to be operated by a single rider. It usually has no passenger compartment and is only meant for use by the person riding it. The design of these vehicles allows them to take up less space, which makes them easier to park, especially in small spaces.
Application Insights:
Passenger electric tricycles accounted for the largest share of over 70.0% in 2017 and are projected to witness significant growth over the forecast period. Rising demand for passenger electric bicycles, as well as scooters, is anticipated to fuel segment growth during the study period. Increasing urbanization has led to a rise in per capita income levels across several countries including China, India and Brazil which has resulted in an increase in recreational activities such as biking and riding scooters among adults thus driving demand for cargo electric tricycles.
The growing e-commerce industry coupled with rising disposable income levels is expected to drive product demand from countries such as India where they are used primarily for deliveries of goods purchased through online channels or via offline retail stores at residences.
Regional Analysis:
North America accounted for the largest revenue share in 2017. The region is expected to maintain its dominance over the forecast period owing to increasing awareness about electric vehicles and their advantages over other conventional counterparts, such as low emission, enhanced safety features, improved performance and so on. Moreover, presence of key players in the U.S., such as AIMA Group; American Electric Vehicles; BH EV Group; Chinese-based Yadea Motors Co.; E-Bike Systems from Germany; Gocycle Inc.; Jiangsu Xinri Electric Vehicle Co., Ltd.
Growth Factors:
- Increasing demand for electric tricycles from the e-commerce sector for last mile deliveries.
- Growing popularity of electric tricycles as an alternative to cars and motorcycles for personal transportation.
- Rising awareness about the benefits of electric tricycles among consumers due to increasing environmental concerns.
- Government initiatives and subsidies promoting the adoption of electric vehicles, including electric tricycles, across various countries worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Electric Tricycles Market Research Report
By Type
Folding Electric Tricycles, Non-Folding Electric Tricycles
By Application
Cargo Electric Tricycles, Passenger Electric Tricycles
By Companies
ChongQing Zongshen tricycle manufacturing Co.,Ltd, Jiangsu East Yonsland Vehicle Manufacturing Co., Ltd, Wuxi Southeast Vehicle Technology Co.,Ltd, Zongshen Industrial Group, TEBCO, Langfang Sandi Electric Tricycle Company Ltd., Jorvik Tricycles, Henan Zipstar Tricycle Manufacturing Co., Ltd., ECOTRIKE-BG Ltd, Langfang Sandi Electric Tricycle Company Ltd., Dongguan Tailing Electric Vehicle Co., Ltd
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
211
Number of Tables & Figures
148
Customization Available
Yes, the report can be customized as per your need.
Global Electric Tricycles Market Report Segments:
The global Electric Tricycles market is segmented on the basis of:
Types
Folding Electric Tricycles, Non-Folding Electric Tricycles
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
Cargo Electric Tricycles, Passenger Electric Tricycles
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:
- ChongQing Zongshen tricycle manufacturing Co.,Ltd
- Jiangsu East Yonsland Vehicle Manufacturing Co., Ltd
- Wuxi Southeast Vehicle Technology Co.,Ltd
- Zongshen Industrial Group
- TEBCO
- Langfang Sandi Electric Tricycle Company Ltd.
- Jorvik Tricycles
- Henan Zipstar Tricycle Manufacturing Co., Ltd.
- ECOTRIKE-BG Ltd
- Langfang Sandi Electric Tricycle Company Ltd.
- Dongguan Tailing Electric Vehicle Co., Ltd
Highlights of The Electric Tricycles 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:
- Folding Electric Tricycles
- Non-Folding Electric Tricycles
- By Application:
- Cargo Electric Tricycles
- Passenger Electric Tricycles
- 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 Tricycles 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.
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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 tricycles are three-wheeled vehicles that use an electric motor to power the vehicle. They are popular in Europe and Asia, but have not yet gained popularity in the United States.
Some of the key players operating in the electric tricycles market are ChongQing Zongshen tricycle manufacturing Co.,Ltd, Jiangsu East Yonsland Vehicle Manufacturing Co., Ltd, Wuxi Southeast Vehicle Technology Co.,Ltd, Zongshen Industrial Group, TEBCO, Langfang Sandi Electric Tricycle Company Ltd., Jorvik Tricycles, Henan Zipstar Tricycle Manufacturing Co., Ltd., ECOTRIKE-BG Ltd, Langfang Sandi Electric Tricycle Company Ltd., Dongguan Tailing Electric Vehicle Co., Ltd.
The electric tricycles market is expected to grow at a compound annual growth rate of 7%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Electric Tricycles 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 Tricycles Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Electric Tricycles 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 Tricycles 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 Tricycles Market Size & Forecast, 2018-2028
4.5.1 Electric Tricycles Market Size and Y-o-Y Growth
4.5.2 Electric Tricycles Market Absolute $ Opportunity
Chapter 5 Global Electric Tricycles 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 Tricycles Market Size Forecast by Type
5.2.1 Folding Electric Tricycles
5.2.2 Non-Folding Electric Tricycles
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Electric Tricycles 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 Tricycles Market Size Forecast by Applications
6.2.1 Cargo Electric Tricycles
6.2.2 Passenger Electric Tricycles
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Electric Tricycles 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 Tricycles 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 Tricycles Analysis and Forecast
9.1 Introduction
9.2 North America Electric Tricycles 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 Tricycles Market Size Forecast by Type
9.6.1 Folding Electric Tricycles
9.6.2 Non-Folding Electric Tricycles
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 Tricycles Market Size Forecast by Applications
9.10.1 Cargo Electric Tricycles
9.10.2 Passenger Electric Tricycles
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 Tricycles Analysis and Forecast
10.1 Introduction
10.2 Europe Electric Tricycles 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 Tricycles Market Size Forecast by Type
10.6.1 Folding Electric Tricycles
10.6.2 Non-Folding Electric Tricycles
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 Tricycles Market Size Forecast by Applications
10.10.1 Cargo Electric Tricycles
10.10.2 Passenger Electric Tricycles
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 Tricycles Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Electric Tricycles 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 Tricycles Market Size Forecast by Type
11.6.1 Folding Electric Tricycles
11.6.2 Non-Folding Electric Tricycles
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 Tricycles Market Size Forecast by Applications
11.10.1 Cargo Electric Tricycles
11.10.2 Passenger Electric Tricycles
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 Tricycles Analysis and Forecast
12.1 Introduction
12.2 Latin America Electric Tricycles 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 Tricycles Market Size Forecast by Type
12.6.1 Folding Electric Tricycles
12.6.2 Non-Folding Electric Tricycles
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 Tricycles Market Size Forecast by Applications
12.10.1 Cargo Electric Tricycles
12.10.2 Passenger Electric Tricycles
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 Tricycles Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Electric Tricycles 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 Tricycles Market Size Forecast by Type
13.6.1 Folding Electric Tricycles
13.6.2 Non-Folding Electric Tricycles
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 Tricycles Market Size Forecast by Applications
13.10.1 Cargo Electric Tricycles
13.10.2 Passenger Electric Tricycles
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 Tricycles Market: Competitive Dashboard
14.2 Global Electric Tricycles Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ChongQing Zongshen tricycle manufacturing Co.,Ltd
14.3.2 Jiangsu East Yonsland Vehicle Manufacturing Co., Ltd
14.3.3 Wuxi Southeast Vehicle Technology Co.,Ltd
14.3.4 Zongshen Industrial Group
14.3.5 TEBCO
14.3.6 Langfang Sandi Electric Tricycle Company Ltd.
14.3.7 Jorvik Tricycles
14.3.8 Henan Zipstar Tricycle Manufacturing Co., Ltd.
14.3.9 ECOTRIKE-BG Ltd
14.3.10 Langfang Sandi Electric Tricycle Company Ltd.
14.3.11 Dongguan Tailing Electric Vehicle Co., Ltd
