Global Electric Three-Wheeler Market 2017-2021

  • ID: 4376219
  • Report
  • Region: Global
  • 72 pages
  • TechNavio
OFF
1h Free Analyst Time

Speak directly to the analyst to clarify any post sales queries you may have.

1 of 5

FEATURED COMPANIES

  • Ampere Vehicles
  • Atul Auto
  • Bajaj Auto
  • Kinetic Green
  • LOHIA AUTO INDUSTRIES
  • Romai Electric Vehicles
  • MORE
About Electric Three-Wheeler
Three wheelers (3Ws) or three-wheel vehicles, as the name implies, contain one wheel at the front and two wheels at the rear end. The 3Ws are generally used for goods and public transport for short/medium distances in the regions where logistics operations, public transport facilities, and disposable income are less. The global 3Ws market is adopted in developing and underdeveloped nations like India, China, other Asian countries, and some Latin American and African countries. The increase in demand for 3Ws in these countries is due to the cost-effective transportation that a 3W offers in areas where other means of transportation are inadequate, or cannot penetrate or be afforded.

The analysts forecast the global electric three-wheeler market to grow at a CAGR of 17.31% during the period 2017-2021.

Covered in this report
The report covers the present scenario and the growth prospects of the global electric three-wheeler market for 2017-2021. To calculate the market size, the report considers new registration volume and exclude market estimate by value and aftermarket volume.

The market is divided into the following segments based on geography:
  • APAC
  • ROW
The report, Global Electric Three-Wheeler Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the Key vendors operating in this market.

Key vendors
  • Atul Auto
  • LOHIA AUTO INDUSTRIES
  • Romai Electric Vehicles
  • Scooters India
  • Xianghe Qiangsheng Electric Tricycle Factory
Other prominent vendors
  • Ampere Vehicles
  • Bajaj Auto
  • Kinetic Green
  • Terra Motors
  • Tuk Tuk Factory
Market drivers
  • Subsidies and tax incentives on electric 3Ws to reduce dependency on petroleum products
  • For a full, detailed list, view the full report
Market challenges
  • Concerns about range and performance
  • For a full, detailed list, view the full report
Market trends
  • Expansion by local manufacturers to foreign countries
  • For a full, detailed list, view the full report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?
You can request one free hour of the analyst’s time when you purchase this market report. Details are provided within the report.
READ MORE
Note: Product cover images may vary from those shown
2 of 5

FEATURED COMPANIES

  • Ampere Vehicles
  • Atul Auto
  • Bajaj Auto
  • Kinetic Green
  • LOHIA AUTO INDUSTRIES
  • Romai Electric Vehicles
  • MORE
PART 01:Executive summary

PART 02: Scope of the report

PART 03: Research Methodology

PART 04: Introduction
  • Market outline
PART 05: Market landscape
  • Market overview
  • Market size and forecast
  • Five forces analysis
PART 06: Market segmentation by end user
  • Global electric three-wheeler market segmentation by end user
  • Global electric 3W goods carrier market
  • Global electric 3W passenger carrier market
PART 07: Geographical segmentation
  • Market overview
  • Electric 3W market in APAC
  • Electric 3W market in ROW
PART 08: Decision framework

PART 09: Drivers and challenges
  • Market drivers
  • Market challenges
PART 10: Market trends

PART 11: Vendor landscape
  • Competitive benchmarking
  • Other prominent vendors
PART 12: Key vendor analysis
  • Atul Auto
  • LOHIA AUTO INDUSTRIES
  • Romai Electric Vehicles
  • Scooters India
  • Xianghe Qiangsheng Electric Tricycle Factory
PART 13: Appendix
  • List of abbreviations
List of Exhibits
Exhibit 01:Ws by fuel type
Exhibit 02: Market landscape of electric 3W market
Exhibit 03: Global electric 3W market 2016-2021 (unit sales in thousands)
Exhibit 04: Electric 3W general properties
Exhibit 05: Five forces analysis
Exhibit 06: Global electric 3W market by end user 2016
Exhibit 07: Global electric 3W market by end user 2021
Exhibit 08: Global electric 3W goods carrier market 2016-2021 (unit sales in thousands)
Exhibit 09: Global electric 3W passenger carrier market 2016-2021 (unit sales in thousands)
Exhibit 10: Global electric 3W market by geography 2016
Exhibit 11: Global electric 3W market by geography 2021
Exhibit 12: Global electric 3W export market 2016
Exhibit 13: APAC electric 3W market 2016- 2021 (unit sales in thousands)
Exhibit 14: Recent developments in electric 3W market in China
Exhibit 15: China electric 3W market 2016-2021 (unit sales in thousands)
Exhibit 16: Recent developments in electric 3W market in India
Exhibit 17: Indian electric 3W market 2016-2021 (unit sales in thousands)
Exhibit 18: Rest of APAC electric 3W market 2016-2021 (unit sales in thousands)
Exhibit 19: ROW electric 3W market 2016-2021 (unit sales in thousands)
Exhibit 20: Quality benchmarking of top vendors in global electric 3W market 2016
Exhibit 21: Atul Auto: 3W product portfolio
Exhibit 22: Atul Auto: Recent Developments
Exhibit 23: LOHIA AUTO INDUSTRIES: Product portfolio
Exhibit 24: LOHIA AUTO INDUSTRIES: Recent developments
Exhibit 25: Romai Electric Vehicles: e-Tricycles product portfolio
Exhibit 26: Scooters India: 3W product portfolio
Exhibit 27: Scooters India: Specifications of 3Ws
Exhibit 28: Scooters India: Revenue recognition 2015
Exhibit 29: Scooters India: Recent developments
Exhibit 30: Xianghe Qiangsheng Electric Tricycle Factory: Product categories
Exhibit 31: Xianghe Qiangsheng Electric Tricycle Factory: 3W Product portfolio
Exhibit 32: Xianghe Qiangsheng Electric Tricycle Factory: Recent developments
Note: Product cover images may vary from those shown
3 of 5

Loading
LOADING...

4 of 5

FEATURED COMPANIES

  • Ampere Vehicles
  • Atul Auto
  • Bajaj Auto
  • Kinetic Green
  • LOHIA AUTO INDUSTRIES
  • Romai Electric Vehicles
  • MORE
New Report Released: – Global Electric Three-Wheeler Market 2017-2021

The author of the report recognizes the following companies as the key players in the global electric three-wheeler market: Atul Auto, LOHIA AUTO INDUSTRIES, Romai Electric Vehicles, Scooters India, and Xianghe Qiangsheng Electric Tricycle Factory.

Other Prominent Vendors in the market are: Ampere Vehicles, Bajaj Auto, Kinetic Green, Terra Motors, and Tuk Tuk Factory.

Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is Expansion by local manufacturers to foreign countries. Most of the electric 3Ws available in India, Sri Lanka, Bangladesh, and Indonesia have been assembled only in those countries, but the vehicle parts have been imported mainly from China as completely knocked down units, which has resulted in an increase in vehicle cost. OEMs in Japan and China have been expanding their operations to potential market countries, which would bring down the cost of the vehicle and eventually increase charging infrastructure and service facilities.”

According to the report, one of the major drivers for this market is Subsidies and tax incentives on electric 3Ws to reduce dependency on petroleum products. To nullify the fuel emission and consumption problems, regulatory bodies across the globe are providing various incentives and tax benefits to increase the adoption of environment-friendly vehicles. Almost all top vehicle market countries have introduced fiscal incentives and subsidies to attract manufacturers to produce more hybrid/electric vehicles locally. In addition, tax credits and rebates are attracting more local end users to purchase EVs. This drive will push for at least 60% green vehicles on the road by 2020, which will reduce fuel emissions and reduce dependency on petroleum products.

Further, the report states that one of the major factors hindering the growth of this market is Concerns about range and performance. Electric 3Ws are typically less powerful and have limited travel range (60-80 km per charge) compared to conventional ICE-powered vehicles and, hence, are considered suitable only for short distance travel. The limited travel range of these battery electric vehicles results in consumers' concern that their vehicle's battery may run out of charge before reaching the destination and doubts about battery performance. Limited range and performance are major factors hindering the growth of the electric 3W market.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Note: Product cover images may vary from those shown
5 of 5
  • Atul Auto
  • LOHIA AUTO INDUSTRIES
  • Romai Electric Vehicles
  • Scooters India
  • Xianghe Qiangsheng Electric Tricycle Factory
  • Ampere Vehicles
  • Bajaj Auto
  • Kinetic Green
  • Terra Motors
  • Tuk Tuk Factory
Note: Product cover images may vary from those shown
6 of 5
Note: Product cover images may vary from those shown
Adroll
adroll