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India Electric Rickshaw Motor and Controller Market by Vehicle, by Motor Power, by End Use, by State - Market Size, Share, Development, Growth, and Demand Forecast till 2024

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    Report

  • 104 Pages
  • April 2019
  • Region: India
  • Prescient & Strategic Intelligence Private Limited
  • ID: 4774775

"India Electric Rickshaw Motor and Controller Market by Vehicle (Battery Rickshaw, E-Auto, Retrofitted Rickshaw), by Motor Power (2,000 W), by End Use (OEM, Aftermarket) by State (Madhya Pradesh, Uttar Pradesh, Delhi, West Bengal, Rajasthan, Bihar, Haryana, Chhattisgarh, Uttarakhand, Punjab, Jharkhand, Assam, Tripura) - Market Size, Share, Development, Growth, and Demand Forecast till 2024"

The Indian electric rickshaw motor and controller market is expected to attain a size of $86.0 million by 2024, with a revenue contribution of $59.8 million from the motor domain and $26.2 million from the controller domain. The major factors driving the growth of the market are the flourishing electric rickshaw market and the rising average life of these vehicles. The e-rickshaw market in the country is predicted to progress at a CAGR of over 15.0% in terms of sales volume during the forecast period (2019-2024), resulting in an increasing requirement for motors and controllers in the country.

Based on vehicle, the Indian electric rickshaw motor and controller market is categorized into e-auto, retrofitted rickshaw, and battery rickshaw. Among these, in 2018, the battery rickshaw motor category held the largest sales volume share of 95.6% in the market. However, the e-auto category is expected to register the fastest CAGR during the 2019-2024 period. Although the e-auto market is in its emerging phase, it is expected to prosper rapidly with the unveiling of improved and new e-auto models by organized players.

On the basis of motor power, the electric rickshaw motor market in India is divided into motors of power <800 W, 800-1,000 W, 1,00-1,500 W, 1,501-2,000 W, and >2,000 W. In 2018, electric rickshaws with motor power of 1,001-1,500 W led the market due to the existence of a large number of unorganized and local players selling motors in this category. However, during the forecast period, the electric motor of power between 1,501 W and 2,000 W and those with more than 2,000 W power are anticipated to witness a major rise in their sales.

Based on end user, the Indian electric rickshaw motor and controller market is divided into aftermarket and original equipment manufacturer (OEM). During the historical period (2014-2018), the OEM division dominated the market, owing to the low failure rate of controllers developed by organized players. This is expected to drive the growth of the market in this category during the forecast period.

Delhi held the largest share in the market during the 2014-2018 period, of more than 20.0% in terms of sales volume, and is further predicted to dominate the market in 2019 as well. However, Uttar Pradesh is anticipated to be the largest market for electric rickshaw controllers during 2023-2024 and for electric rickshaw motors in 2020-2024, due to the increasing demand for e-rickshaws from Tier-1 and Tier-2 cities and rural-urban areas in the state.
The key players in the Indian electric rickshaw motor and controller market are CY International, Changzhou Yufeng Vehicles Co. Ltd., Hangzhou Yuyang Technology Co. Ltd., and Changzhou Xieheng Power Technology Co. Ltd.

India Electric Rickshaw Motor and Controller Market Segmentation

Market Segmentation by Vehicle


  • Battery Rickshaw
  • E-Auto
  • Retrofitted Rickshaw

Market Segmentation by Motor Power


  • <800 W
  • 800-1,000 W
  • 1,001-1,500 W
  • 1,501-2,000 W
  • >2,000 W

Market Segmentation by End Use


  • Original Equipment Manufacturer (OEM)
  • Aftermarket

Market Segmentation by State


  • Madhya Pradesh
  • Uttar Pradesh
  • Delhi
  • West Bengal
  • Rajasthan
  • Bihar
  • Haryana
  • Chhattisgarh
  • Uttarakhand
  • Punjab
  • Jharkhand
  • Assam
  • Tripura
  • Rest of India

Table of Contents

Chapter 1. Research Background
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.3.1 Market Segmentation by Vehicle
1.3.2 Market Segmentation by Motor Power
1.3.3 Market Segmentation by End Use
1.3.4 Market Segmentation by State
1.3.5 Analysis Period
1.3.6 Market Data Reporting Unit
1.3.6.1 Value
1.3.6.2 Volume
1.4 Key Stakeholders
Chapter 2. Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.2.1 Breakdown of Primary Research Respondents
2.2.1.1 By state
2.2.1.2 By industry participant
2.3 Market Size Estimation
2.4 Market Breakdown and Data Triangulation
2.5 Assumptions for the Study
Chapter 3. Executive Summary
Chapter 4. Introduction
4.1 Definition of Market Segments
4.1.1 By Vehicle
4.1.1.1 Battery rickshaw
4.1.1.2 E-auto
4.1.1.3 Retrofitted rickshaw
4.1.2 By Motor Power
4.1.2.1 <800 W
4.1.2.2 800-1,000 W
4.1.2.3 1,001-1,500 W
4.1.2.4 1,501-2,000 W
4.1.2.5 >2,000 W
4.1.3 By End Use
4.1.3.1 OEM
4.1.3.2 Aftermarket
4.2 Value Chain Analysis
4.3 Market Dynamics
4.3.1 Trends
4.3.1.1 Increase in investment by manufacturers
4.3.1.2 Growth in demand for electric rickshaw equipped with high motor power
4.3.2 Drivers
4.3.2.1 Proliferation of electric rickshaws on Indian roads
4.3.2.2 Increase in the average age of electric rickshaws
4.3.3 Restraints
4.3.3.1 Lack of clarity on operational guidelines for electric rickshaws
4.3.3.2 Substandard motors and controllers provided by local players
4.3.4 Opportunities
4.3.4.1 GST to drive consolidation, offering opportunities to organized players
4.4 Porter’s Five Forces Analysis
4.4.1 Bargaining Power of Buyers
4.4.2 Bargaining Power of Suppliers
4.4.3 Intensity of Rivalry
4.4.4 Threat of New Entrants
4.4.5 Threat of Substitutes
Chapter 5. Import and Export Analysis
5.1 Motor
5.2 Controller
5.3 Major Domestic Electric Rickshaw Motor and Controller Manufacturers
5.4 Major Electric Rickshaw Motor and controller Exporters
Chapter 6. Price and Price Trend Analysis
6.1 Motor
6.2 Controller
Chapter 7. Electric Rickshaw Market Size and Forecast
7.1 Electric Rickshaw Market Size and Forecast by State
7.2 Major Electric Rickshaw Manufacturers in India
7.3 Retro Fitted Electric Rickshaw Market Size and Forecast
7.4 Market Share Analysis of Key Electric Rickshaw Manufacturers
Chapter 8. Motor Market Size and Forecast
8.1 By Vehicle
8.2 By Motor Power
8.3 By End Use
8.4 By State
Chapter 9. Controller Market Size and Forecast
9.1 By Vehicle
9.2 By End Use
9.3 By State
Chapter 10. Competitive Landscape
10.1 Market Share Analysis
10.1.1 Motor
10.1.2 Controller
10.2 Competitive Analysis
10.2.1 Motor
10.2.2 Controller
10.3 Recent Strategic Developments
Chapter 11. Appendix
11.1 Abbreviations
11.2 Sources and References
11.3 Related Reports
List of Tables
Table 1 Analysis Period Of The Study
Table 2 Bargaining Power Of Buyers
Table 3 Bargaining Power Of Suppliers
Table 4 Intensity Of Rivalry
Table 5 Threat Of New Entrants
Table 6 Threat Of Substitutes
Table 7 Electric Rickshaw Motor Import In India, ‘000 Units (2014-2018)
Table 8 Electric Rickshaw Controller Import In India, ‘000 Units (2014-2018)
Table 9 Major Domestic Electric Rickshaw Motor And Controller Manufacturers
Table 10 Major Electric Rickshaw Motor And Controller Exporters
Table 11 Price Trend Analysis Of Electric Rickshaw Motor (At OEMs), In Usd (2014-2018)
Table 12 Price Trend Analysis Of Electric Rickshaw Motor (At OEMs), In Usd (2019-2024)
Table 13 Price Trend Analysis Of Electric Rickshaw Motor (At Aftermarket), In Usd (2014-2018)
Table 14 Price Trend Analysis Of Electric Rickshaw Motor (At Aftermarket), In Usd (2019-2024)
Table 15 Price Trend Analysis Of Electric Rickshaw Controller, In Usd (2014-2018)
Table 16 Price Trend Analysis Of Electric Rickshaw Controller, In Usd (2019-2024)
Table 17 India Electric Rickshaw Market, By State, ‘000 Units (2014-2018)
Table 18 India Electric Rickshaw Market, By State, ‘000 Units (2019-2024)
Table 19 India Electric Rickshaw Market, By State, $M (2014-2018)
Table 20 India Electric Rickshaw Market, By State, $M (2019-2024)
Table 21 Electric Rickshaw/Electric Cart Manufacturers, Models, And Specifications
Table 22 India Retrofit Electric Rickshaw Market Size And Forecast (2018-2024)
Table 23 India Electric Rickshaw Motor Market, By Vehicle, ‘000 Units (2014-2018)
Table 24 India Electric Rickshaw Motor Market, By Vehicle, ‘000 Units (2019-2024)
Table 25 India Electric Rickshaw Motor Market, By Vehicle, $M (2014-2018)
Table 26 India Electric Rickshaw Motor Market, By Vehicle, $M (2019-2024)
Table 27 India Electric Rickshaw Motor Market, By Motor Power, ‘000 Units (2014-2018)
Table 28 India Electric Rickshaw Motor Market, By Motor Power, ‘000 Units (2019-2024)
Table 29 India Electric Rickshaw Motor Market, By Motor Power, $M (2014-2018)
Table 30 India Electric Rickshaw Motor Market, By Motor Power, $M (2019-2024)
Table 31 India Electric Rickshaw Motor Market, By End Use, ‘000 Units (2014-2018)
Table 32 India Electric Rickshaw Motor Market, By End Use, ‘000 Units (2019-2024)
Table 33 India Electric Rickshaw Motor Market, By End Use, $M (2014-2018)
Table 34 India Electric Rickshaw Motor Market, By End Use, $M (2019-2024)
Table 35 India Electric Rickshaw Motor Market, By State, ‘000 Units (2014-2018)
Table 36 India Electric Rickshaw Motor Market, By State, ‘000 Units (2019-2024)
Table 37 India Electric Rickshaw Motor Market, By State, $M (2014-2018)
Table 38 India Electric Rickshaw Motor Market, By State, $M (2019-2024)
Table 39 India Electric Rickshaw Controller Market, By Vehicle, ‘000 Units (2014-2018)
Table 40 India Electric Rickshaw Controller Market, By Vehicle, ‘000 Units (2019-2024)
Table 41 India Electric Rickshaw Controller Market, By Vehicle, $M (2014-2018)
Table 42 India Electric Rickshaw Controller Market, By Vehicle, $M (2019-2024)
Table 43 India Electric Rickshaw Controller Market, By End Use, ‘000 Units (2014-2018)
Table 44 India Electric Rickshaw Controller Market, By End Use, ‘000 Units (2019-2024)
Table 45 India Electric Rickshaw Controller Market, By End Use, $M (2014-2018)
Table 46 India Electric Rickshaw Controller Market, By End Use, $M (2019-2024)
Table 47 India Electric Rickshaw Controller Market, By State, ‘000 Units (2014-2018)
Table 48 India Electric Rickshaw Controller Market, By State, ‘000 Units (2019-2024)
Table 49 India Electric Rickshaw Controller Market, By State, $M (2014-2018)
Table 50 India Electric Rickshaw Controller Market, By State, $M (2019-2024)
Table 51 Competitive Analysis Of Major Motor Manufacturers
Table 52 Competitive Analysis Of Major Controller Manufacturers
List of Figures
Fig 1 Research Scope
Fig 2 Research Methodology
Fig 3 Breakdown Of Primary Research By State
Fig 4 Breakdown Of Primary Research By Industry Participant
Fig 5 Data Triangulation Approach
Fig 6 India Electric Rickshaw Motor And Controller Market Summary
Fig 7 Value Chain Analysis
Fig 8 Porter’S Five Forces Analysis
Fig 9 Price Trend Analysis Of Electric Rickshaw Controller (2014-2024)
Fig 10 India Electric Rickshaw Market, By State, ‘000 Units (2014-2024)
Fig 11 India Electric Rickshaw Market Share Of Key Players (2018)
Fig 12 India Electric Rickshaw Motor Market, By Vehicle, ‘000 Units (2014-2024)
Fig 13 India Electric Rickshaw Motor Market, By Motor Power, ‘000 Units (2014-2024)
Fig 14 India Electric Rickshaw Motor Market, By End Use, ‘000 Units (2014-2024)
Fig 15 India Electric Rickshaw Motor Market, By State, ‘000 Units (2014-2024)
Fig 16 India Electric Rickshaw Controller Market, By Vehicle, ‘000 Units (2014-2024)
Fig 17 India Electric Rickshaw Controller Market, By End Use, ‘000 Units (2014-2024)
Fig 18 India Electric Rickshaw Controller Market, By State, ‘000 Units (2014-2024)
Fig 19 India Electric Rickshaw Motor Market Share Of Major Manufacturers (2018)
Fig 20 India Electric Rickshaw Controller Market Share Of Major Manufacturers (2018)

Companies Mentioned

  • Changzhou Xieheng Power Technology Co. Ltd.
  • Changzhou Yufeng Vehicles Co. Ltd.
  • CY International
  • Hangzhou Yuyang Technology Co. Ltd.

Methodology

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