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The electric tuk tuks market is forecasted to grow by USD 279.7 million during 2024-2029, accelerating at a CAGR of 8.2% during the forecast period. The report on the electric tuk tuks market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by expansion of rental and subscription-based models for electric tuk-tuk ownership, fluctuating fuel prices fueling demand for economical electric tuk-tuks, and increasing urbanization leads to higher demand for last-mile transportation solutions.
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 size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
The electric tuk tuks market is segmented as below:
By Application
- Passenger carrier
- Goods carrier
By Type
- Upto 1000 W
- 1000 - 1500 W
- More than 1500 W
By Product Type
- Lithium-ion
- Lead acid
By Geographical Landscape
- APAC
- North America
- Europe
- South America
- Middle East and Africa
The report on the electric tuk tuks market covers the following areas:
- Electric Tuk Tuks Market sizing
- Electric Tuk Tuks Market forecast
- Electric Tuk Tuks Market industry analysis
The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Table of Contents
1 Executive Summary
2 Market Analysis
3 Market Landscape
4 Market Sizing
5 Historic Market Size
6 Qualitative Analysis
7 Five Forces Analysis
8 Market Segmentation by Application
9 Market Segmentation by Type
1000 - 1500 W - Market size and forecast 2024-2029
10 Market Segmentation by Product Type
11 Customer Landscape
12 Geographic Landscape
13 Drivers, Challenges, and Opportunity/Restraints
14 Competitive Landscape
15 Competitive Analysis
16 Appendix
List of Exhibits
Executive Summary
The following companies are recognized as the key players in the global electric tuk tuks market: BABA E Rickshaw, Bajaj Auto Ltd., BILITI ELECTRIC INC. USA, E-Tuk Factory BV, Green Valley Motors, Jezza Motor, KUKU Automotives, LOHIA AUTO INDUSTRIES, Mahindra and Mahindra Ltd., Omega Seiki Private Limited, Piaggio and C. Spa, SAERA ELECTRIC AUTO PVT. LTD., SN Solar Energy, Terra Motors India, TVS Motor Co., Udaan E Rickshaw, and Xianghe Qiangsheng Electric Tricycle Factory.Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is integration of electric tuk tuks into ride-sharing and e-hailing platforms."
According to the report, one of the major drivers for this market is the expansion of rental and subscription-based models for electric tuk-tuk ownership.
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.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- BABA E Rickshaw
- Bajaj Auto Ltd.
- BILITI ELECTRIC INC. USA
- E-Tuk Factory BV
- Green Valley Motors
- Jezza Motor
- KUKU Automotives
- LOHIA AUTO INDUSTRIES
- Mahindra and Mahindra Ltd.
- Omega Seiki Private Limited
- Piaggio and C. Spa
- SAERA ELECTRIC AUTO PVT. LTD.
- SN Solar Energy
- Terra Motors India
- TVS Motor Co.
- Udaan E Rickshaw
- Xianghe Qiangsheng Electric Tricycle Factory
