Market Overview:
The global three-wheeler goods carrier 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%. The market growth can be attributed to the increasing demand for electric and fuel type three-wheelers across the globe. Based on type, the electric type segment is expected to account for a major share of the global three-wheeler goods carrier market during the forecast period. This can be attributed to factors such as environment friendliness and low maintenance cost of electric vehicles. However, in terms of CAGR, the fuel type segment is expected to register highest growth during 2018–2030. On basis of application, household type three-wheelers are anticipated witness higher adoption rate as compared with other types over next few years owing growing trend among consumers towards using ecofriendly products. In terms value however, commercial type three wheelers are projected register highest CAGR over forecast period followed by factory type segments respectively .
 Goods Carrier Industry Outlook.svg)
Product Definition:
A three-wheeler goods carrier is a motor vehicle that has three wheels and is used to transport goods. These vehicles are often used in rural areas where there is no infrastructure for transporting goods, and they can be very useful for small businesses that need to transport goods short distances.
Electric Type:
Electric type three-wheeler goods carrier is a small sized truck that is designed to carry light loads of products in limited space. It has a low center of gravity and enhanced stability due to the fact that it has no physical connection to the power source. The driving force for these vehicles is an electric motor, which can be either operated through a battery or directly from the source, i.e., direct drive or hybrid (conventional engine with electric assist).
Fuel Type:
The fuel type used in 3WGCL is gasoline. The three-wheeler goods carrier market is majorly dependent on the demand for road freight transport and it’s a cost-effective mode of transportation as compared to other modes. Road freight carriers are designed with solid tires that provide stability while transporting heavy loads over bad roads at high speeds.
Road freight carriers can be operated by small players as well as large players, but they require good infrastructure.
Application Insights:
The commercial type three-wheeler segment accounted for the largest share of over 50.0% in 2017 and is projected to witness significant growth over the forecast period. The rising demand for these vehicles from logistics companies, especially in developing countries like India and China, owing to their low prices coupled with ease of operations is expected to drive the segment growth over the coming years.
The household type three-wheeler segment was valued at USD 281.6 million in 2017 owing to its high cost efficiency as compared with other modes of transport such as buses or cars that require more infrastructure development on a global level, thereby reducing its adoption rate among consumers globally. However, this mode of transport has witnessed significant adoption among older people or those who cannot walk long distances due to health conditions or disability.
Regional Analysis:
Asia Pacific dominated the global three-wheeler goods carrier market in 2017. The region is expected to continue its dominance over the forecast period as well owing to increasing penetration of e-commerce and rapid development of online retailing in developing economies including China, India, and Bangladesh. Moreover, rising disposable income levels are anticipated to contribute towards increased sales volume for these vehicles across this region.
Europe is anticipated to witness significant growth over the next eight years owing to increasing focus on reducing carbon footprint along with growing environmental concerns among consumers regarding fuel consumption by commercial vehicles including three-wheelers. This factor is projected to result in increased demand for ecofriendly alternatives such as electric three wheelers across this region during the forecast period from 2018 To 2030 (estimated). However, high manufacturing cost associated with these vehicles may act as a restraining factor for regional market growth at some stage during future reference point.
Growth Factors:
- Increasing demand for 3W goods carrier from small and medium enterprises (SMEs) due to its low cost and easy maneuverability.
- Rising popularity of last mile delivery services using 3W goods carriers, especially in the e-commerce sector.
- Growing demand for 3W goods carriers from the logistics sector as a result of increasing trade activities across countries.
- Proliferation of micro-businesses in developing countries, which is driving the demand for affordable and easy-to-use transportation solutions like 3W goods carriers.
- Technological advancements that are making 3W goods carriers more efficient and user-friendly, thereby boosting their adoption rates across different sectors
Scope Of The Report
Report Attributes
Report Details
Report Title
Three-Wheeler (3W) Goods Carrier Market Research Report
By Type
Electric Type, Fuel Type
By Application
Household Type Three-Wheeler, Commercial Type Three-Wheeler, Factory Type Three-Wheeler, Others
By Companies
Atul Auto, Bajaj Auto, Mahindra and Mahindra, Piaggio, Qiangsheng Electric Tricycle
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
234
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Three-Wheeler (3W) Goods Carrier Market Report Segments:
The global Three-Wheeler (3W) Goods Carrier market is segmented on the basis of:
Types
Electric Type, Fuel Type
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
Household Type Three-Wheeler, Commercial Type Three-Wheeler, Factory Type Three-Wheeler, Others
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
- Bajaj Auto
- Mahindra and Mahindra
- Piaggio
- Qiangsheng Electric Tricycle
 Goods Carrier Market Overview.svg)
Highlights of The Three-Wheeler (3W) Goods Carrier 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:
- Electric Type
- Fuel Type
- By Application:
- Household Type Three-Wheeler
- Commercial Type Three-Wheeler
- Factory Type Three-Wheeler
- Others
- 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 (3W) Goods Carrier 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
 Goods Carrier Market Statistics.svg)
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?
A Three-Wheeler (3W) Goods Carrier is a type of vehicle that is designed to transport goods. These vehicles typically have three wheels and are often used for transportation in rural areas or on difficult terrain.
Some of the key players operating in the three-wheeler (3w) goods carrier market are Atul Auto, Bajaj Auto, Mahindra and Mahindra, Piaggio, Qiangsheng Electric Tricycle.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Three-Wheeler (3W) Goods Carrier Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Three-Wheeler (3W) Goods Carrier Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Three-Wheeler (3W) Goods Carrier Market - Supply Chain
4.5. Global Three-Wheeler (3W) Goods Carrier Market Forecast
4.5.1. Three-Wheeler (3W) Goods Carrier Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Three-Wheeler (3W) Goods Carrier Market Size (000 Units) and Y-o-Y Growth
4.5.3. Three-Wheeler (3W) Goods Carrier Market Absolute $ Opportunity
5. Global Three-Wheeler (3W) Goods Carrier Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Three-Wheeler (3W) Goods Carrier Market Size and Volume Forecast by Type
5.3.1. Electric Type
5.3.2. Fuel Type
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Three-Wheeler (3W) Goods Carrier Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Three-Wheeler (3W) Goods Carrier Market Size and Volume Forecast by Application
6.3.1. Household Type Three-Wheeler
6.3.2. Commercial Type Three-Wheeler
6.3.3. Factory Type Three-Wheeler
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Three-Wheeler (3W) Goods Carrier Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Three-Wheeler (3W) Goods Carrier Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Three-Wheeler (3W) Goods Carrier Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Three-Wheeler (3W) Goods Carrier Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Three-Wheeler (3W) Goods Carrier Demand Share Forecast, 2019-2026
9. North America Three-Wheeler (3W) Goods Carrier Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Three-Wheeler (3W) Goods Carrier Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Three-Wheeler (3W) Goods Carrier Market Size and Volume Forecast by Application
9.4.1. Household Type Three-Wheeler
9.4.2. Commercial Type Three-Wheeler
9.4.3. Factory Type Three-Wheeler
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Three-Wheeler (3W) Goods Carrier Market Size and Volume Forecast by Type
9.7.1. Electric Type
9.7.2. Fuel Type
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Three-Wheeler (3W) Goods Carrier Demand Share Forecast, 2019-2026
10. Latin America Three-Wheeler (3W) Goods Carrier Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Three-Wheeler (3W) Goods Carrier Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Three-Wheeler (3W) Goods Carrier Market Size and Volume Forecast by Application
10.4.1. Household Type Three-Wheeler
10.4.2. Commercial Type Three-Wheeler
10.4.3. Factory Type Three-Wheeler
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Three-Wheeler (3W) Goods Carrier Market Size and Volume Forecast by Type
10.7.1. Electric Type
10.7.2. Fuel Type
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Three-Wheeler (3W) Goods Carrier Demand Share Forecast, 2019-2026
11. Europe Three-Wheeler (3W) Goods Carrier Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Three-Wheeler (3W) Goods Carrier Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Three-Wheeler (3W) Goods Carrier Market Size and Volume Forecast by Application
11.4.1. Household Type Three-Wheeler
11.4.2. Commercial Type Three-Wheeler
11.4.3. Factory Type Three-Wheeler
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Three-Wheeler (3W) Goods Carrier Market Size and Volume Forecast by ype
11.7.1. Electric Type
11.7.2. Fuel Type
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Three-Wheeler (3W) Goods Carrier Demand Share, 2019-2026
12. Asia Pacific Three-Wheeler (3W) Goods Carrier Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Three-Wheeler (3W) Goods Carrier Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Three-Wheeler (3W) Goods Carrier Market Size and Volume Forecast by Application
12.4.1. Household Type Three-Wheeler
12.4.2. Commercial Type Three-Wheeler
12.4.3. Factory Type Three-Wheeler
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Three-Wheeler (3W) Goods Carrier Market Size and Volume Forecast by Type
12.7.1. Electric Type
12.7.2. Fuel Type
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Three-Wheeler (3W) Goods Carrier Demand Share, 2019-2026
13. Middle East & Africa Three-Wheeler (3W) Goods Carrier Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Three-Wheeler (3W) Goods Carrier Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Three-Wheeler (3W) Goods Carrier Market Size and Volume Forecast by Application
13.4.1. Household Type Three-Wheeler
13.4.2. Commercial Type Three-Wheeler
13.4.3. Factory Type Three-Wheeler
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Three-Wheeler (3W) Goods Carrier Market Size and Volume Forecast by Type
13.7.1. Electric Type
13.7.2. Fuel Type
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Three-Wheeler (3W) Goods Carrier Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Three-Wheeler (3W) Goods Carrier Market: Market Share Analysis
14.2. Three-Wheeler (3W) Goods Carrier Distributors and Customers
14.3. Three-Wheeler (3W) Goods Carrier Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Atul Auto
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Bajaj Auto
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Mahindra and Mahindra
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Piaggio
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Qiangsheng Electric Tricycle
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. COMPANY6
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
