The Middle East and Africa Electric Three-Wheeler Market Value in the Year 2021 Was Usd15,748.91 Thousand That is Anticipated to Grow with a CAGR of 14.38% During the Forecast Period 2023-2030
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The Middle East and Africa Electric Three-wheeler Market value in the year 2021 was USD15,748.91 thousand that is anticipated to grow with a CAGR of 14.38% during the forecast period 2023-2030, to achieve the market value of USD50,808.07 thousand by 2030. The market is anticipated to grow with increasing demand for electric vehicles in the region. Surging demand for electric three-wheelers and rising concerns regarding degradation of the environment are expected to drive most of the shares in the Middle East and Africa Electric Three-wheeler Market in the upcoming five years. Rising inclination toward emission-free transportation and increasing awareness of the benefits of public transportation also supports the growth of the Middle East and Africa Electric Three-wheeler Market in the next five years. Speak directly to the analyst to clarify any post sales queries you may have.
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The demand for electric vehicles is also growing due to the rising disposable income among the population. The economies in most of the GCC countries are driven by the oil exports and production in countries like Saudi Arabia, UAE, Kuwait, Qatar, etc. The rising cost of oil and petroleum products influences the growing inclination of the common population toward electric vehicles. Growing fright movement and surging demand for more economical and ecological options for the transportation and freight movement also aid the growth of the Middle East and Africa Electric Three-wheeler Market in the future five years. Technological advancement and growing investment in the advancement of the vehicles are also majorly responsible for the growth of the Middle East and Africa Electric Three-wheeler Market in the forecast period.
The Middle East and Africa Electric Three-wheeler Market is segmented by vehicle type, battery capacity, battery type, country-wise analysis, and competitional landscape. Based on vehicle type, the market is distributed between passenger carriers and load carriers. By battery capacity, the market is distinguished between less than 101Ah and more than 101Ah. Based on battery type, the market is distributed between lead acid and lithium acid. The market is also analyzed among the countries in the Middle East and Africa region. The MEA region includes countries such as Saudi Arabia, UAE, Israel, Algeria, Egypt, Oman, South Africa, Iran, Iraq, Nigeria, Turkey, and rest of the Middle East and Africa region. Turkey is anticipated to hold the largest revenue share of the market and dominate the country-wise analysis of the market in the upcoming five years due to the growing automotive industry in the country. Rising adaptation to the technologically advanced automobiles and increasing investment in the advancement of the vehicles further support the growth of the Middle East and Africa Electric Three-wheeler Market in the future five years.
Chongqing Zongshen Vehicle Co., Ltd (Zongshen Industrial Group Co. Ltd), Saera Electric Auto Pvt. Ltd. (Mayuri), Kinetic Green Energy & Power Solutions Ltd., Jiangsu Jinpeng Group Co., Ltd., Jiangsu Yufeng Vehicle Industry Co., Ltd., Ningbo Dowedo International Trade Co., Ltd, Xianghe Qiangsheng Electric Tricycle Factory, Terra Motors Corporation, Piaggio Commercial SA (PTY) Ltd, Jiangsu East Yonsland Vehicle Manufacturing Co., Ltd Company, among others are some of the market leaders in the region. Majority of the market shares and growth of the Middle East and Africa Electric Three-wheeler Market are influenced by these companies.
Years considered for this report:
- Historical Years: 2017-2020
- Base Year: 2021
- Estimated Year: 2022
- Forecast Period: 2023-2030
Objective of the Study:
- To analyze the market size of the Middle East and Africa Electric Three-wheeler Market from 2017 to 2021.
- To estimate and forecast the market size of the Middle East and Africa Electric Three-wheeler Market from 2022 to 2030 and growth rate until 2030.
- To classify and forecast the Middle East and Africa Electric Three-wheeler Market based on vehicle type, battery capacity, battery type, country-wise analysis, and competitional landscape.
- To identify dominant country or segment in the Middle East and Africa Electric Three-wheeler Market.
- To identify drivers and challenges for the Middle East and Africa Electric Three-wheeler Market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the Middle East and Africa Electric Three-wheeler Market.
- To identify and analyze the profile of leading players operating in the Middle East and Africa Electric Three-wheeler Market.
- To identify key sustainable strategies adopted by the market players in the Middle East and Africa Electric Three-wheeler Market.
The publisher performed both primary as well as exhaustive secondary research for this study. Initially, the publisher sourced a list of manufacturers across the region. Subsequently, the publisher conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, the publisher could include the manufacturers which could not be identified due to the limitations of secondary research. The publisher analyzed the manufacturers, distribution channels and presence of all major players across Middle East & North Africa region.
The publisher calculated the market size of the Middle East and Africa Electric Three-wheeler Market by using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. The publisher sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these products and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied.
Key Target Audience:
- Manufacturers, suppliers, distributors, and other stakeholders
- Government bodies such as regulating authorities and policy makers
- Organizations, forums, and alliances related to electric three-wheeler
- Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers, partners, end-users, etc., besides allowing them in strategizing investments and capitalizing on the market opportunities.
Report Scope:
In this report, the Middle East and Africa Electric Three-wheeler Market have been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Middle East and Africa Electric Three-Wheeler Market, By Vehicle Type:
- Load Carrier
- Passenger Carrier
Middle East and Africa Electric Three-Wheeler Market, By Battery Capacity:
- < 101Ah
- >101Ah
Middle East and Africa Electric Three-Wheeler Market, By Battery Type:
- Lead Acid
- Lithium Ion
Middle East and Africa Electric Three-Wheeler Market, By Country:
- Egypt
- Turkey
- Iran
- South Africa
- Israel
- Nigeria
- Saudi Arabia
- Algeria
- UAE
- Oman
- Iraq
- Rest of Middle East and Africa
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the Middle East and Africa Electric Three-wheeler Market.
Available Customizations:
With the given market data, the publisher offers customizations according to a company’s specific needs.
Table of Contents
1. Product Overview2. Research Methodology
3. Executive Summary
4. Impact of COVID-19 on Middle East and Africa Electric Three-Wheeler Market
5. Voice of Customer
5.1. Factors Influencing Purchase Decision
5.2. Aided and Unaided Brand Recall
5.3. Brand Satisfaction Level
6. Middle East and Africa Electric Three-Wheeler Market Outlook
6.1. Market Size & Forecast
6.1.1. By Volume
6.1.2. By Value
6.2. Market Share & Forecast
6.2.1. By Vehicle Type (Passenger Carrier and Load Carrier)
6.2.2. By Battery Capacity (< 101Ah and >101Ah)
6.2.3. By Battery Type (Lead Acid and Lithium Ion)
6.2.4. By Country
6.2.5. By Company (2021)
6.3. Market Map (By Vehicle Type, By Battery Capacity, By Battery Type, and By Country)
7. Egypt Electric Three-Wheeler Market Outlook
7.1. Market Size & Forecast
7.1.1. By Volume
7.1.2. BY Value
7.2. Market Share & Forecast
7.2.1. By Vehicle Type
7.2.2. By Battery Capacity
7.2.3. By Battery Type
8. Turkey Electric Three-Wheeler Market Outlook
8.1. Market Size and Forecast
8.1.1. By Volume
8.1.2. BY Value
8.2. Market Share & Forecast
8.2.1. By Vehicle Type
8.2.2. By Battery Capacity
8.2.3. By Battery Type
9. Iran Electric Three-Wheeler Market Outlook
9.1. Market Size & Forecast
9.1.1. By Volume
9.1.2. By Value
9.2. Market Share & Forecast
9.2.1. By Vehicle Type
9.2.2. By Battery Capacity
9.2.3. By Battery Type
10. South Africa Electric Three-Wheeler Market Outlook
10.1. Market Size & Forecast
10.1.1. By Volume
10.1.2. By Value
10.2. Market Share & Forecast
10.2.1. By Vehicle Type
10.2.2. By Battery Capacity
10.2.3. By Battery Type
11. Israel Electric Three-Wheeler Market Outlook
11.1. Market Size & Forecast
11.1.1. By Volume
11.1.2. By Value
11.2. Market Share & Forecast
11.2.1. By Vehicle Type
11.2.2. By Battery Capacity
11.3. By Battery Type
12. Nigeria Electric Three-Wheeler Market Outlook
12.1. Market Size & Forecast
12.1.1. By Volume
12.1.2. By Value
12.2. Market Share & Forecast
12.2.1. By Vehicle Type
12.2.2. By Battery Capacity
12.2.3. By Battery Type
13. Saudi Arabia Electric Three-Wheeler Market Outlook
13.1. Market Size & Forecast
13.1.1. By Volume
13.1.2. By Value
13.2. Market Share & Forecast
13.2.1. By Vehicle Type
13.2.2. By Battery Capacity
13.2.3. By Battery Type
14. Algeria Electric Three-Wheeler Market Outlook
14.1. Market Size & Forecast
14.1.1. By Volume
14.1.2. By Value
14.2. Market Share & Forecast
14.2.1. By Vehicle Type
14.2.2. By Battery Capacity
14.2.3. By Battery Type
15. UAE Electric Three-Wheeler Market Outlook
15.1. Market Size & Forecast
15.1.1. By Volume
15.1.2. By Value
15.2. Market Share & Forecast
15.2.1. By Vehicle Type
15.2.2. By Battery Capacity
15.2.3. By Battery Type
16. Oman Electric Three-Wheeler Market Outlook
16.1. Market Size & Forecast
16.1.1. By Volume
16.1.2. By Value
16.2. Market Share & Forecast
16.2.1. By Vehicle Type
16.2.2. By Battery Capacity
16.2.3. By Battery Type
17. Iraq Electric Three-Wheeler Market Outlook
17.1. Market Size & Forecast
17.1.1. By Volume
17.1.2. By Value
17.2. Market Share & Forecast
17.2.1. By Vehicle Type
17.2.2. By Battery Capacity
17.2.3. By Battery Type
18. Market Dynamics
18.1. Drivers
18.2. Challenges
19. Market Trends and Developments
20. Product Benchmarking
21. Competitive Landscape
21.1. Chongqing Zongshen Vehicle Co., Ltd (Zongshen Industrial Group Co. Ltd)
21.2. Saera Electric Auto Pvt. Ltd. (Mayuri)
21.3. Kinetic Green Energy & Power Solutions Ltd.
21.4. Jiangsu Jinpeng Group Co., Ltd.
21.5. Jiangsu Yufeng Vehicle Industry Co., Ltd.
21.6. Ningbo Dowedo International Trade Co., Ltd
21.7. Xianghe Qiangsheng Electric Tricycle Factory
21.8. Terra Motors Corporation
21.9. Piaggio Commercial SA (PTY) Ltd
21.10. Jiangsu East Yonsland Vehicle Manufacturing Co., Ltd
22. Strategic RecommendationsList of FiguresFigure 1: Middle East and Africa Electric Three-Wheeler Market Size, Volume (Units), 2017-2030F
Figure 2: Middle East and Africa Electric Three-Wheeler Market Size, By Value (USD Thousand), 2017-2030F
Figure 3: Middle East and Africa Electric Three-Wheeler Market Share, By Vehicle Type, By Volume, 2017-2030F
Figure 4: Middle East and Africa Electric Three-Wheeler Market Share, By Battery Capacity, By Volume, 2017-2030F
Figure 5: Middle East and Africa Electric Three-Wheeler Market Share, By Battery Type, By Volume, 2017-2030F
Figure 6: Middle East and Africa Electric Three-Wheeler Market Share, By Country, By Volume, 2017-2030F
Figure 7: Middle East and Africa Electric Three-Wheeler Market Share, By Company, By Volume, 2021
Figure 8: Middle East and Africa Electric Three-Wheeler Market Map, By Vehicle Type, Market Size (Units) & Growth Rate (%)
Figure 9: Middle East and Africa Electric Three-Wheeler Market Map, By Battery Capacity, Market Size (Units) & Growth Rate (%)
Figure 10: Middle East and Africa Electric Three-Wheeler Market Map, By Battery Type, Market Size (Units) & Growth Rate (%)
Figure 11: Middle East and Africa Electric Three-Wheeler Market Map, By Country, Market Size (Units) & Growth Rate (%)
Figure 12: Egypt Electric Three-Wheeler Market Size, Volume (Units), 2017-2030F
Figure 13: Egypt Electric Three-Wheeler Market Size, By Value (USD Thousand), 2017-2030F
Figure 14: Egypt Electric Three-Wheeler Market Share, By Vehicle Type, By Volume, 2017-2030F
Figure 15: Egypt Electric Three-Wheeler Market Share, By Battery Capacity, By Volume, 2017-2030F
Figure 16: Egypt Electric Three-Wheeler Market Share, By Battery Type, By Volume, 2017-2030F
Figure 17: Turkey Electric Three-Wheeler Market Size, Volume (Units), 2017-2030F
Figure 18: Turkey Electric Three-Wheeler Market Size, By Value (USD Thousand), 2017-2030F
Figure 19: Turkey Electric Three-Wheeler Market Share, By Vehicle Type, By Volume, 2017-2030F
Figure 20: Turkey Electric Three-Wheeler Market Share, By Battery Capacity, By Volume, 2017-2030F
Figure 21: Turkey Electric Three-Wheeler Market Share, By Battery Type, By Volume, 2017-2030F
Figure 22: Iran Electric Three-Wheeler Market Size, Volume (Units), 2017-2030F
Figure 23: Iran Electric Three-Wheeler Market Size, By Value (USD Thousand), 2017-2030F
Figure 24: Iran Electric Three-Wheeler Market Share, By Vehicle Type, By Volume, 2017-2030F
Figure 25: Iran Electric Three-Wheeler Market Share, By Battery Capacity, By Volume, 2017-2030F
Figure 26: Iran Electric Three-Wheeler Market Share, By Battery Type, By Volume, 2017-2030F
Figure 27: South Africa Electric Three-Wheeler Market Size, Volume (Units), 2017-2030F
Figure 28: South Africa Electric Three-Wheeler Market Size, By Value (USD Thousand), 2017-2030F
Figure 29: South Africa Electric Three-Wheeler Market Share, By Vehicle Type, By Volume, 2017-2030F
Figure 30: South Africa Electric Three-Wheeler Market Share, By Battery Capacity, By Volume, 2017-2030F
Figure 31: South Africa Electric Three-Wheeler Market Share, By Battery Type, By Volume, 2017-2030F
Figure 32: Israel Electric Three-Wheeler Market Size, Volume (Units), 2017-2030F
Figure 33: Israel Electric Three-Wheeler Market Size, By Value (USD Thousand), 2017-2030F
Figure 34: Israel Electric Three-Wheeler Market Share, By Vehicle Type, By Volume, 2017-2030F
Figure 35: Israel Electric Three-Wheeler Market Share, By Battery Capacity, By Volume, 2017-2030F
Figure 36: Israel Electric Three-Wheeler Market Share, By Battery Type, By Volume, 2017-2030F
Figure 37: Nigeria Electric Three-Wheeler Market Size, Volume (Units), 2017-2030F
Figure 38: Nigeria Electric Three-Wheeler Market Size, By Value (USD Thousand), 2017-2030F
Figure 39: Nigeria Electric Three-Wheeler Market Share, By Vehicle Type, By Volume, 2017-2030F
Figure 40: Nigeria Electric Three-Wheeler Market Share, By Battery Capacity, By Volume, 2017-2030F
Figure 41: Nigeria Electric Three-Wheeler Market Share, By Battery Type, By Volume, 2017-2030F
Figure 42: Saudi Arabia Electric Three-Wheeler Market Size, Volume (Units), 2017-2030F
Figure 43: Saudi Arabia Electric Three-Wheeler Market Size, By Value (USD Thousand), 2017-2030F
Figure 44: Saudi Arabia Electric Three-Wheeler Market Share, By Vehicle Type, By Volume, 2017-2030F
Figure 45: Saudi Arabia Electric Three-Wheeler Market Share, By Battery Capacity, By Volume, 2017-2030F
Figure 46: Saudi Arabia Electric Three-Wheeler Market Share, By Battery Type, By Volume, 2017-2030F
Figure 47: Algeria Electric Three-Wheeler Market Size, Volume (Units), 2017-2030F
Figure 48: Algeria Electric Three-Wheeler Market Size, By Value (USD Thousand), 2017-2030F
Figure 49: Algeria Electric Three-Wheeler Market Share, By Vehicle Type, By Volume, 2017-2030F
Figure 50: Algeria Electric Three-Wheeler Market Share, By Battery Capacity, By Volume, 2017-2030F
Figure 51: Algeria Electric Three-Wheeler Market Share, By Battery Type, By Volume, 2017-2030F
Figure 52: UAE Electric Three-Wheeler Market Size, Volume (Units), 2017-2030F
Figure 53: UAE Electric Three-Wheeler Market Size, By Value (USD Thousand), 2017-2030F
Figure 54: UAE Electric Three-Wheeler Market Share, By Vehicle Type, By Volume, 2017-2030F
Figure 55: UAE Electric Three-Wheeler Market Share, By Battery Capacity, By Volume, 2017-2030F
Figure 56: UAE Electric Three-Wheeler Market Share, By Battery Type, By Volume, 2017-2030F
Figure 57: Oman Electric Three-Wheeler Market Size, Volume (Units), 2017-2030F
Figure 58: Oman Electric Three-Wheeler Market Size, By Value (USD Thousand), 2017-2030F
Figure 59: Oman Electric Three-Wheeler Market Share, By Vehicle Type, By Volume, 2017-2030F
Figure 60: Oman Electric Three-Wheeler Market Share, By Battery Capacity, By Volume, 2017-2030F
Figure 61: Oman Electric Three-Wheeler Market Share, By Battery Type, By Volume, 2017-2030F
Figure 62: Iraq Electric Three-Wheeler Market Size, Volume (Units), 2017-2030F
Figure 63: Iraq Electric Three-Wheeler Market Size, By Value (USD Thousand), 2017-2030F
Figure 64: Iraq Electric Three-Wheeler Market Share, By Vehicle Type, By Volume, 2017-2030F
Figure 65: Iraq Electric Three-Wheeler Market Share, By Battery Capacity, By Volume, 2017-2030F
Figure 66: Iraq Electric Three-Wheeler Market Share, By Battery Type, By Volume, 2017-2030F
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Chongqing Zongshen Vehicle Co., Ltd (Zongshen Industrial Group Co. Ltd)
- Saera Electric Auto Pvt. Ltd. (Mayuri)
- Kinetic Green Energy & Power Solutions Ltd.
- Jiangsu Jinpeng Group Co., Ltd.
- Jiangsu Yufeng Vehicle Industry Co., Ltd.
- Ningbo Dowedo International Trade Co., Ltd
- Xianghe Qiangsheng Electric Tricycle Factory
- Terra Motors Corporation
- Piaggio Commercial SA (PTY) Ltd
- Jiangsu East Yonsland Vehicle Manufacturing Co., Ltd
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 119 |
| Published | May 2022 |
| Forecast Period | 2017 - 2030 |
| Estimated Market Value ( USD | $ 1062.86 Thousand |
| Forecasted Market Value ( USD | $ 4939.37 Thousand |
| Compound Annual Growth Rate | 12.5% |
| Regions Covered | Africa, Middle East |
