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Global Electric Trike Market (2022-2027) by Type, Application, and Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis

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  • 148 Pages
  • October 2022
  • Region: Global
  • Infogence Global Research
  • ID: 5696902

The increasing adoption and development in motorcycle technology especially in countries such as India, China and Japan

The Global Electric Trike Market is estimated to be USD 4.06 Bn in 2022 and expected to reach USD 12.98 Bn by 2027, growing at a CAGR of 26.16%.

Market Dynamics

Market dynamics are forces that impact the prices and behaviors of the Global Electric Trike Market stakeholders. These forces create pricing signals which result from the changes in the supply and demand curves for a given product or service. Forces of Market Dynamics may be related to macro-economic and micro-economic factors. There are dynamic market forces other than price, demand, and supply. Human emotions can also drive decisions, influence the market, and create price signals.

As the market dynamics impact the supply and demand curves, decision-makers aim to determine the best way to use various financial tools to stem various strategies for speeding the growth and reducing the risks.

Market Segmentations

The Global Electric Trike Market is segmented based on Type, Application, and Geography.
  • By Type, the market is classified into Cargo Type and Leisure Type.
  • By Application, the market is classified into Operational Use and Personal Use.
  • By Geography, the market is classified into Americas, Europe, Middle-East & Africa, and Asia-Pacific.

Company Profiles

The report provides a detailed analysis of the competitors in the market. It covers the financial performance analysis for the publicly listed companies in the market. The report also offers detailed information on the companies' recent development and competitive scenario. Some of the companies covered in this report are AKO Trike, Aprilia Magnet, Arcimoto, Bayerische Motoren Werke Ag, Torq, Toyota Motor Corp., Trivel, Valene Motors, Yamaha Motor Company Co. Ltd, etc.

Countries Studied

  • America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
  • Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
  • Middle-East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
  • Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)

Competitive Quadrant

The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Ansoff Analysis

The report presents a detailed Ansoff matrix analysis for the Global Electric Trike Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.

The analyst analyses the Global Electric Trike Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.

Based on the SWOT analysis conducted on the industry and industry players, the analyst has devised suitable strategies for market growth.

Why buy this report?

  • The report offers a comprehensive evaluation of the Global Electric Trike Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
  • The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
  • The report includes an in-depth market analysis using Porter's 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
  • The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
  • The report also contains the competitive analysis using Positioning Quadrants, the analyst's competitive positioning tool.

Report Highlights:

  • A complete analysis of the market, including the parent industry
  • Important market dynamics and trends
  • Market segmentation
  • Historical, current, and projected size of the market based on value and volume
  • Market shares and strategies of key players
  • Recommendations to companies for strengthening their foothold in the market
Frequently Asked Questions about the Global Electric Trike Market

What is the estimated value of the Global Electric Trike Market?

The Global Electric Trike Market was estimated to be valued at $4.06 Billion in 2022.

What is the growth rate of the Global Electric Trike Market?

The growth rate of the Global Electric Trike Market is 26.1%, with an estimated value of $12.98 Billion by 2027.

What is the forecasted size of the Global Electric Trike Market?

The Global Electric Trike Market is estimated to be worth $12.98 Billion by 2027.

Who are the key companies in the Global Electric Trike Market?

Key companies in the Global Electric Trike Market include AKO Trike, Aprilia Magnet(Piaggio & C. SpA), Arcimoto Inc., Bayerische Motoren Werke Ag, Belize Bicycle Co., BRP (Bombardier Recreational Products Inc.), Electra Meccanica Corp., Electric Bike Technologies Inc. and EVELO Inc..

Table of Contents

1 Report Description
1.1 Study Objectives
1.2 Market Definition
1.3 Currency
1.4 Years Considered
1.5 Language
1.6 Key Stakeholders
2 Research Methodology
2.1 Research Process
2.2 Data Collection and Validation
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Models
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Assumptions of the Study
2.5 Limitations of the Study
3 Executive Summary
3.1 Introduction
3.2 Market Size, Segmentations, and Outlook
4 Market Dynamics
4.1 Drivers
4.1.1 High Demand for Energy-Efficient & Green Vehicles Worldwide
4.1.2 Stability & Convenience Benefits
4.1.3 Increasing Sports Vehicle Enthusiasts & Number of Outdoor Activity Participation
4.2 Restraints
4.2.1 Instances of Safety Issues and Consequent Product Recalls
4.3 Opportunities
4.3.1 Technological Development of High-Performance Electric Trike
4.3.2 Introducing Electric Trike in Emerging Markets
4.4 Challenges
4.4.1 Limited Reach & Awareness in Several Economies
4.4.2 Concern Associated with Storage of Batteries
5 Market Analysis
5.1 Regulatory Scenario
5.2 Porter’s Five Forces Analysis
5.3 PESTLE Analysis
5.4 Impact of COVID-19
5.5 Ansoff Matrix Analysis
6 Global Electric Trike Market, By Type
6.1 Introduction
6.2 Cargo Type
6.3 Leisure Type
7 Global Electric Trike Market, By Application
7.1 Introduction
7.2 Operational Use
7.3 Personal Use
8 Americas’ Electric Trike Market
8.1 Introduction
8.2 Argentina
8.3 Brazil
8.4 Canada
8.5 Chile
8.6 Colombia
8.7 Mexico
8.8 Peru
8.9 United States
8.10 Rest of Americas
9 Europe’s Electric Trike Market
9.1 Introduction
9.2 Austria
9.3 Belgium
9.4 Denmark
9.5 Finland
9.6 France
9.7 Germany
9.8 Italy
9.9 Netherlands
9.10 Norway
9.11 Poland
9.12 Russia
9.13 Spain
9.14 Sweden
9.15 Switzerland
9.16 United Kingdom
9.17 Rest of Europe
10 Middle East and Africa’s Electric Trike Market
10.1 Introduction
10.2 Egypt
10.3 Israel
10.4 Qatar
10.5 Saudi Arabia
10.6 South Africa
10.7 United Arab Emirates
10.8 Rest of MEA
11 APAC’s Electric Trike Market
11.1 Introduction
11.2 Australia
11.3 Bangladesh
11.4 China
11.5 India
11.6 Indonesia
11.7 Japan
11.8 Malaysia
11.9 Philippines
11.10 Singapore
11.11 South Korea
11.12 Sri Lanka
11.13 Thailand
11.14 Taiwan
11.15 Rest of Asia-Pacific
12 Competitive Landscape
12.1 Competitive Quadrant
12.2 Market Share Analysis
12.3 Strategic Initiatives
12.3.1 M&A and Investments
12.3.2 Partnerships and Collaborations
12.3.3 Product Developments and Improvements
13 Company Profiles
13.1 AKO Trike
13.2 Aprilia Magnet (Piaggio & C. SpA)
13.3 Arcimoto Inc.
13.4 Bayerische Motoren Werke Ag
13.5 Belize Bicycle Co.
13.6 BRP (Bombardier Recreational Products Inc.)
13.7 Valene Motors
13.8 Electra Meccanica Corp.
13.9 Electric Bike Technologies Inc.
13.10 Elio Motors Inc.
13.11 EVELO Inc.
13.12 Harley-Davidson, Inc.
13.13 ICE Recumbent Trikes
13.14 Iceni Cycles Ltd.
13.15 IZIP Electric Bikes
13.16 Motorcycle Trike Conversions, Inc. (MTC Voyager)
13.17 Pedego Electric Bikes
13.18 Yamaha Motor Company Co. Ltd.
13.19 Rad Power Bikes
13.20 Sway Motorsports
13.21 Tilting Motor Works, Inc.
13.22 Torq Ltd.
13.23 Toyota Motor Corp.
13.24 Trivel
14 Appendix
14.1 Questionnaire

Companies Mentioned

  • AKO Trike
  • Aprilia Magnet(Piaggio & C. SpA)
  • Arcimoto Inc.
  • Bayerische Motoren Werke Ag
  • Belize Bicycle Co.
  • BRP (Bombardier Recreational Products Inc.)
  • Electra Meccanica Corp.
  • Electric Bike Technologies Inc.
  • Elio Motors Inc.
  • EVELO Inc.
  • Harley-Davidson, Inc.
  • ICE Recumbent Trikes
  • Iceni Cycles Ltd.
  • IZIP Electric Bikes
  • Motorcycle Trike Conversions, Inc. (MTC Voyager)
  • Pedego Electric Bikes
  • Rad Power Bikes
  • Sway Motorsports
  • Tilting Motor Works, Inc.
  • Torq Ltd.
  • Toyota Motor Corp.
  • Trivel
  • Valene Motors
  • Yamaha Motor Company Co. Ltd.