Market Overview:
The global three-wheeler vehicles market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X% during the forecast period. The passenger carrier segment is expected to account for a major share of the global three-wheeler vehicles market in terms of value, followed by the load carrier segment. North America is expected to be the leading region in terms of value for the global three-wheeler vehicles market throughout the forecast period. Factors such as increasing demand for personal transportation, rising income levels and rapid urbanization are anticipated to drive growth of the global three-wheeler vehicles market over the forecast period. Additionally, growing awareness about environment friendly modes of transportation is also anticipated to fuel growth of this market over next few years.
Product Definition:
A three-wheeler is a vehicle that has three wheels. These vehicles are typically used for transportation, and are often smaller and more lightweight than other vehicles. They can be used for both personal and commercial purposes, and can be either motorized or pedal-powered.
Fuel Power:
The fuel power is the engine's ability to convert the energy derived from fuel into useful torque. The greater the volume of gas, oil or other fuels, the more powerful will be its combustion and thus resulting in generating maximum torque.
It has been observed that three-wheeler vehicles with higher Fuel Power (FP) tend to have a better performance as compared to those with low FP.
Electric Power:
Electric power is the output generated by electric motors or electrical generators. The vehicles are propelled using this power through the drive train. It can be sourced from various sources such as batteries, solar energy, and pedelecs (tricycles).
Three-wheeler vehicles are powered by means of a small engine which is usually coupled to a generator that produces electricity to run it. This electricity is then stored in rechargeable batteries for later use.
Application Insights:
The passenger carrier segment dominated the market in 2017 and is expected to witness significant growth over the forecast period. This can be attributed to increasing consumer preference for three-wheelers with a passenger seat, especially in developing countries like India and China. Moreover, governments across various regions have implemented several schemes related to affordable housing for the middle-class population which has increased demand for such vehicles.
The load carrier segment is expected to expand at a CAGR of XX% from 2018 to 2030 owing to rising industrialization and urbanization resulting in an increase in goods transportation needs including construction materials, food grains etc., Thus, requiring more trucks on roads leading drivers towards opting for three-wheelers with a capacity of 18 tons or above as compared with two-wheelers. However, safety concerns regarding driver distraction while operating such heavy vehicles are anticipated act as a restraint toward its adoption 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 owing to increasing government initiatives for promoting green vehicles and shifting focus towards reducing pollution levels in countries, such as China and India. Moreover, rising disposable income levels in developing economies including China and India are expected to remain favorable factors for the industry growth over the forecast period.
Europe accounted for more than 25% of global share by revenue in 2017 on account of high demand from countries including Germany, France, Italy, U.K., Spain among others due to presence of prominent OEMs manufacturing three-wheelers vehicles there.
Growth Factors:
- Increasing demand for three-wheelers as a result of increasing population and growing urbanization.
- Rising income levels, which is resulting in an increase in the number of middle-class consumers who prefer to buy three-wheelers over other modes of transportation.
- The increasing availability of finance options for three-wheeler buyers, which is making it easier for more people to purchase these vehicles.
- The growing popularity of shared mobility services, which are providing a new avenue for the growth and expansion of the three-wheeler market.
- . Technological advancements that are making three wheelers more fuel efficient and environmentally friendly
Scope Of The Report
Report Attributes
Report Details
Report Title
Three-Wheeler Vehicles Market Research Report
By Type
Fuel Power, Electric Power, Other
By Application
Passenger Carrier, Load Carrier
By Companies
Bajaj Auto, Piaggio, Mahindra& Mahindra, TVS Motor, Scooters India, Atul Auto, Bajaj 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
240
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Three-Wheeler Vehicles Market Report Segments:
The global Three-Wheeler Vehicles market is segmented on the basis of:
Types
Fuel Power, Electric Power, 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, 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:
- Bajaj Auto
- Piaggio
- Mahindra& Mahindra
- TVS Motor
- Scooters India
- Atul Auto
- Bajaj Auto
Highlights of The Three-Wheeler Vehicles 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:
- Fuel Power
- Electric Power
- Other
- 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 Three-Wheeler Vehicles 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?
Three-wheeler vehicles are typically motorcycles with three wheels in the front and two in the back. They are often used for transportation, but can also be used for recreation.
Some of the major companies in the three-wheeler vehicles market are Bajaj Auto, Piaggio, Mahindra& Mahindra, TVS Motor, Scooters India, Atul Auto, Bajaj Auto.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Three-Wheeler Vehicles 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 Three-Wheeler Vehicles Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Three-Wheeler Vehicles 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 Three-Wheeler Vehicles 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 Three-Wheeler Vehicles Market Size & Forecast, 2020-2028
4.5.1 Three-Wheeler Vehicles Market Size and Y-o-Y Growth
4.5.2 Three-Wheeler Vehicles 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 Fuel Power
5.2.2 Electric Power
5.2.3 Other
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 Three-Wheeler Vehicles 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 Three-Wheeler Vehicles 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 Fuel Power
9.6.2 Electric Power
9.6.3 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 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 Fuel Power
10.6.2 Electric Power
10.6.3 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 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 Fuel Power
11.6.2 Electric Power
11.6.3 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 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 Fuel Power
12.6.2 Electric Power
12.6.3 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 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 Fuel Power
13.6.2 Electric Power
13.6.3 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) 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 Three-Wheeler Vehicles Market: Competitive Dashboard
14.2 Global Three-Wheeler Vehicles Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Bajaj Auto
14.3.2 Piaggio
14.3.3 Mahindra& Mahindra
14.3.4 TVS Motor
14.3.5 Scooters India
14.3.6 Atul Auto
14.3.7 Bajaj Auto
