Electric Three-Wheeler Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type [E-Auto (High Speed) and E-Rickshaw (Low Speed)] and Geography

Publication Month: Apr 2021 | Report Code: TIPRE00009335 | No. of Pages: 114 | Category: Automotive and Transportation | Status: Published

Covid
Assesing the covid-19 impact?
Get the Latest COVID-19 Analysis on this market
Request Now
Happy to join you in your fight against the COVID-19 economic pandemic!

The electric three-wheeler market was valued at US$ 472.56 million in 2020 and is projected to reach US$ 756.52 million by 2028; it is expected to grow at a CAGR of 5.9% from 2021 to 2028.

 

Electric three-wheelers are widely used for carrying passengers to their desired destination as well as for the transportation of goods. These three-wheelers run on electric motors powered by rechargeable batteries. The batteries can be recharged at an electric charging station or any other respective charging point. Many low as well as middle income countries across the world have a higher usage rate of three-wheelers, which were initially powered by Internal combustion (IC) engines. But most of these internal combustion engine three-wheelers have become inefficient and old. This has led the manufacturers to increase their expenditure on research and development of electric three-wheelers. Moreover, electric three-wheelers are much popular in urban and suburban areas specially to transport a small number of passengers and compact goods in short span of time. A few of the key factors driving the electric three-wheeler market growth are strict government norms and regulations regarding pollution control, rising awareness about harmful effects of emissions from diesel vehicles and gasoline, and growing acceptance for electric vehicles. Since petrol and diesel are exhaustible resources, people have already started thinking about other possible alternatives. Electric three-wheeler vehicles have started replacing petrol and diesel three-wheeler vehicles. Average cost of maintenance and operation of electric three-wheelers is substantially lower than conventional three-wheelers. However, heavy battery pack and low range of distance covered are some of the areas of concern faced by the manufacturers of electric-three-wheeler vehicles. Electric three-wheelers cover ~125–130 kms with its battery fully charged, while conventional vehicles cover ~200–220 Kms with full fuel tank.

 

APAC dominated the electric Three-Wheeler market in 2020. India is one of the largest shareholders in the electric three-wheelers market in the region. The low-emission vehicle industry in the country is growing rapidly on the back of favorable initiatives by governments as well as robust presence of manufacturers such as Mahindra & Mahindra, Atul Auto, Piaggio, and Lohia Auto. The Faster Adoption and Manufacturing of Hybrid and Electric Vehicles II (FAME II) Scheme, with a budget of USD 1.4 billion, would be spending USD 1.19 billion on enabling upfront discounts on EV purchases and USD 1.9 million on promoting the implementation of charging infrastructure. To meet demand, these measures will benefit 0.5 million electric three-wheelers.

 

Impact of COVID-19 Pandemic on Electric Three-Wheeler Market

The COVID-19 outbreak has severely disrupted the supply chain and manufacturing of electronics equipment, including the hardware components of electric three-wheelers. On the basis of the emergence of COVID-19 virus across the world, followed by lockdown scenarios, the automotive industry experts have predicted that the industry would face at least a quarter of lag in electronics equipment supply chain. The electronics equipment and automotive industry is likely to pick up pace soon after the governments lift the various containment measures, which would help revive the economies. The production of the electronics equipment and automotive products is anticipated to gain pace from 2021, which is further foreseen to positively influence the electronics equipment and automotive manufacturing, including hardware components of electric three-wheelers.

 

Lucrative Regions for Electric Three-Wheeler Market

Lucrative Regions for Electric Three-Wheeler Market

Get more information on this report :


 

Market Insights

Increasing Level of Harmful Gases, Managing Cost, and Acceptance of Cleaner Technologies

Rising level of harmful gases, managing cost, and acceptance of cleaner technologies are among the major factors contributing toward the growth of electric three-wheeler market. The adoption of electric vehicles can drastically reduce the emission of pollutants in the environment, thereby improving the air quality. To minimize the emission of greenhouse gases via combustion of vehicular fuel, regulatory bodies across the world are offering tax benefits and incentives to increase the adoption of environment-friendly vehicles. Almost all the leading countries have announced subsidies and financial incentives to attract manufacturers to produce more electric vehicles locally. Also, tax credits and rebates are attracting many local users to purchase EVs and are likely to bring out at least about 60% green vehicles on the road by 2020, thereby reducing fuel emissions and lowering the reliance on petroleum products. The regulatory bodies of China, India, South Korea, Indonesia, and Bangladesh have been implementing various programs to enhance the sales of electric three-wheelers. For example, in March 2018, India's Ministry of Heavy Industries and Public Enterprises launched Phase-II of the FAME India Scheme, which received a total budgetary support of US$ 1.39 billion. This phase aims to support 500,000 electric three-wheelers; 55,000 electric four-wheeler passenger cars; 7,000 e-Buses; and 100,000 electric two wheelers through subsidies. This phase of the FAME Scheme aims to establish adequate public charging infrastructure to boost the EV adoption among the masses. With this, the Ministry of Heavy Industries and Public Enterprises anticipates the involvement and active participation of a wide range of stakeholders, including Public Sector Enterprises (PSEs) and government agencies.

 

Type-Based Market Insights

The electric three-wheeler market, by type, is segmented into e-auto (high speed) and e-rickshaw (low speed). The e-rickshaw segment led the market in 2020. E-rickshaws are under-powered electric three-wheeler vehicles, and they have lower battery capacities compared to e-auto.

 

Electric Three-Wheeler Market, by Type – 2020 and 2028

Electric Three-Wheeler Market, by Type – 2020 and 2028

Get more information on this report :


 

Strategic Insights

Product developments and market initiatives are the commonly adopted strategies by companies to expand their product portfolio. Piaggio & C. SpA, Terra Motors Corporation, Kinetic Green Energy & Power Solutions Ltd., LOHIA AUTO INDUSTRIES, and Mahindra Electric Mobility Limited are among the key players implementing strategies to enlarge the customer base and gain significant share in the global electric three-wheeler market, which, in turn, permits them to maintain their brand name. A few of the recent key developments are mentioned below:

  • In October 2020, Mahindra Electric Mobility Ltd announced the launch of its new electric 3-wheeler cargo model—Treo Zor—in India. Based on the proven Treo platform, the cargo would be provided in 3 variants—Pickup, Delivery Van, and Flat Bed.
  • In February 2018, Mahindra & Mahindra Ltd and LG Chem announced a collaboration in the field of advanced Li-ion battery technology.

 

Electric Three-Wheeler Market Segmentation:


By
Type

  • E-Auto (High Speed)
  • E-Rickshaw (Low Speed

 

Company Profiles

  • Goenka Electric Motor Vehicles Private Limited
  • Piaggio & C. SpA
  • Terra Motors Corporation
  • Kinetic Green Energy & Power Solutions Ltd.
  • LOHIA AUTO INDUSTRIES
  • Bodo Vehicle Group Co. Ltd.
  • Nobe Cars
  • Mahindra Electric Mobility Limited
  • E-Tuk Factory BV
  • JIANGSU KINGBON VEHICLE CO., LTD

1.            Introduction

1.1       Scope of the Study

1.2       The Insight Partners Research Report Guidance

1.3       Market Segmentation

2.            Key Takeaways

3.            Research Methodology

3.1       Coverage

3.2       Secondary Research

3.3       Primary Research

4.            Three-Wheeler - Market Landscape

4.1       Market Overview

4.2       PEST Analysis

4.2.1        Electric Three-Wheeler Market – North America PEST Analysis

4.2.2        Electric Three-Wheeler Market – Europe PEST Analysis

4.2.3        Electric Three-Wheeler Market – APAC PEST Analysis

4.2.4        Electric Three-Wheeler Market – MEA PEST Analysis

4.2.5        Electric Three-Wheeler Market – Rest of MEA PEST Analysis

4.3       Ecosystem Analysis

4.4       Expert Opinions

5.            Electric Three-Wheeler Market – Key Market Dynamics

5.1       Market Drivers

5.1.1        Increasing Level of Harmful Gases, Managing Cost, and Acceptance of Cleaner Technologies

5.1.2        Rising Traffic Congestion

5.2       Market Restraints

5.2.1        Concerns Regarding the Lack of Supporting Infrastructure for Electric Vehicles

5.3       Market Opportunities

5.3.1        Scope for Integration of Technologies such as GPS and Solar-Powered Engines

5.4       Future Trends

5.4.1        Growing Popularity of Autonomous Electric Three-Wheelers

5.5       Impact Analysis of Drivers and Restraints

6.            Electric Three-Wheeler Market – Global Market Analysis

6.1       Overview

6.2       Global Electric Three-Wheeler Market – Revenue and Forecast to 2028 (US$ Million)

6.3       Market Positioning – Five Key Players

7.            Electric Three-Wheeler Market – By Type

7.1       Overview

7.2       Electric Three-Wheeler Market Breakdown, by Type (2020 and 2028)

7.3       E-Auto (High Speed)

7.3.1        Overview

7.3.2        E-Auto (High Speed): Electric Three-Wheeler Market – Revenue and Forecast to 2028 (US$ Million)

7.3.3        People Carrier

7.3.3.1      Overview

7.3.3.2      People Carrier: Electric Three-Wheeler Market – Revenue and Forecast to 2028 (US$ Million)

7.3.4        Goods Carrier

7.3.4.1      Overview

7.3.4.2      Goods Carrier: Electric Three-Wheeler Market – Revenue and Forecast to 2028 (US$ Million)

7.3.5        Special Vehicles

7.3.5.1      Overview

7.3.5.2      Special Vehicles: Electric Three-Wheeler Market – Revenue and Forecast to 2028 (US$ Million)

7.4       E-Rickshaw (Low Speed)

7.4.1        Overview

7.4.2        E-Rickshaw (Low Speed): Electric Three-Wheeler Market – Revenue and Forecast to 2028 (US$ Million)

7.4.3        People Carrier

7.4.3.1      Overview

7.4.3.2      People Carrier: Electric Three-Wheeler Market – Revenue and Forecast to 2028 (US$ Million)

7.4.4        Goods Carrier

7.4.4.1      Overview

7.4.4.2      Goods Carrier: Electric Three-Wheeler Market – Revenue and Forecast to 2028 (US$ Million)

7.4.5        Special Vehicles

7.4.5.1      Overview

7.4.5.2      Special Vehicles: Electric Three-Wheeler Market – Revenue and Forecast to 2028 (US$ Million)

8.            Global Electric Three-Wheeler Market – Geographic Analysis

8.1       Overview

8.2       North America: Electric Three-Wheeler Market

8.2.1        Overview

8.2.2        North America: Electric Three-Wheeler Market – Revenue and Forecast to 2028 (US$ Mn)

8.2.3        North America: Electric Three-Wheeler Market Revenue Share, by Type (2020 and 2028)

8.2.4        North America: Electric Three-Wheeler Market Revenue Share, by Country (2020 and 2028)

8.2.5        US: Electric Three-Wheeler Market – Revenue and Forecast to 2028 (US$ Mn)

8.2.5.1.1      US: Electric Three-Wheeler Market, by Type

8.2.5.2      Canada: Electric Three-Wheeler Market – Revenue and Forecast to 2028 (US$ Mn)

8.2.5.2.1      Canada: Electric Three-Wheeler Market, by Type

8.2.5.3      Mexico: Electric Three-Wheeler Market – Revenue and Forecast to 2028 (US$ Mn)

8.2.5.3.1      Mexico: Electric Three-Wheeler Market, by Type

8.3       Europe Electric Three-Wheeler Market Revenue and Forecasts to 2028

8.3.1        Europe Electric Three-Wheeler Market Revenue and Forecasts to 2028 (US$ Mn)

8.3.2        Europe Electric Three-Wheeler Market Breakdown, By Type

8.3.3        Europe: Electric Three-Wheeler Market Revenue Share, by Country (2020 and 2028)

8.3.4        Germany Electric Three-Wheeler Market Revenue and Forecasts to 2028 (US$ Mn)

8.3.4.1.1      Germany Electric Three-Wheeler Market Breakdown, By Type

8.3.4.2      France Electric Three-Wheeler Market Revenue and Forecasts to 2028 (US$ Mn)

8.3.4.2.1      France Electric Three-Wheeler Market Breakdown, By Type

8.3.4.3      Italy Electric Three-Wheeler Market Revenue and Forecasts to 2028 (US$ Mn)

8.3.4.3.1      Italy Electric Three-Wheeler Market Breakdown, By Types

8.3.4.4      UK Electric Three-Wheeler Market Revenue and Forecasts to 2028 (US$ Mn)

8.3.4.4.1      UK Electric Three-Wheeler Market Breakdown, By Type

8.3.4.5      Russia Electric Three-Wheeler Market Revenue and Forecasts to 2028 (US$ Mn)

8.3.4.5.1      Russia Electric Three-Wheeler Market Breakdown, By Type

8.3.4.6      Rest of Europe Electric Three-Wheeler Market Revenue and Forecasts to 2028 (US$ Mn)

8.3.4.6.1      Rest of Europe Electric Three-Wheeler Market Breakdown, By Type

8.4       APAC: Electric Three-Wheeler Market

8.4.1        Overview

8.4.2        APAC: Electric Three-Wheeler Market – Revenue and Forecast to 2028 (US$ Mn)

8.4.3        APAC: Electric Three-Wheeler Market, by Type

8.4.4        APAC: Electric Three-Wheeler Market, by Key Country

8.4.4.1      China: Electric Three-Wheeler Market – Revenue and Forecast to 2028 (US$ Mn)

8.4.4.1.1      China: Electric Three-Wheeler Market, by Type

8.4.4.2      Japan: Electric Three-Wheeler Market – Revenue and Forecast to 2028 (US$ Mn)

8.4.4.2.1      Japan: Electric Three-Wheeler Market, by Type

8.4.4.3      India: Electric Three-Wheeler Market – Revenue and Forecast to 2028 (US$ Mn)

8.4.4.3.1      India: Electric Three-Wheeler Market, by Type

8.4.4.4      South Korea: Electric Three-Wheeler Market – Revenue and Forecast to 2028 (US$ Mn)

8.4.4.4.1      South Korea: Electric Three-Wheeler Market, by Type

8.4.4.5      Rest of APAC: Electric Three-Wheeler Market – Revenue and Forecast to 2028 (US$ Mn)

8.4.4.5.1      Rest of APAC: Electric Three-Wheeler Market, by Type

8.5       MEA: Electric Three-Wheeler Market, Revenue and Forecast to 2028

8.5.1        Overview

8.5.2        MEA: Electric Three-Wheeler Market – Revenue and Forecast to 2028 (US$ Mn)

8.5.3        MEA: Electric Three-Wheeler Market Revenue Share, by Type

8.5.4        MEA: Electric Three-Wheeler Market Revenue Share, by Country

8.5.4.1      South Africa: Electric Three-Wheeler Market – Revenue and Forecast to 2028 (US$ Mn)

8.5.4.1.1      South Africa: Electric Three-Wheeler Market Breakdown, by Type

8.5.4.2      Rest of MEA: Electric Three-Wheeler Market – Revenue and Forecast to 2028 (US$ Mn)

8.5.4.2.1      Rest of MEA: Electric Three-Wheeler Market Breakdown, by Type

8.6       SAM: Electric Three-Wheeler Market, Revenue and Forecast to 2028

8.6.1        Overview

8.6.2        SAM: Electric Three-Wheeler Market – Revenue and Forecast to 2028 (US$ Mn)

8.6.3        SAM: Electric Three-Wheeler Market Revenue Share, by Type

8.6.4        SAM: Electric Three-Wheeler Market Revenue Share, by Country

8.6.4.1      Brazil: Electric Three-Wheeler Market – Revenue and Forecast to 2028 (US$ Mn)

8.6.4.1.1      Brazil: Electric Three-Wheeler Market Breakdown, by Type

8.6.4.2      Argentina: Electric Three-Wheeler Market – Revenue and Forecast to 2028 (US$ Mn)

8.6.4.2.1      Argentina: Electric Three-Wheeler Market Breakdown, by Type

8.6.4.3      Rest of SAM: Electric Three-Wheeler Market – Revenue and Forecast to 2028 (US$ Mn)

8.6.4.3.1      Rest of SAM: Electric Three-Wheeler Market Breakdown, by Type

9.            Impact of COVID-19 Pandemic on Global Electric Three-Wheeler Market

9.1       Overview

9.2       North America: Impact Assessment of COVID-19 Pandemic

9.3       Europe: Impact Assessment of COVID-19 Pandemic

9.4       Asia-Pacific: Impact Assessment of COVID-19 Pandemic

9.4.1        Middle East and Africa: Impact Assessment of COVID-19 Pandemic

9.4.2        South America: Impact Assessment of COVID-19 Pandemic

10.         Industry Landscape

10.1    Market Initiative

10.2    New Development

11.         Company Profiles

11.1    Goenka Electric Motor Vehicles Private Limited

11.1.1     Key Facts

11.1.2     Business Description

11.1.3     Products and Services

11.1.4     Financial Overview

11.1.5     SWOT Analysis

11.1.6     Key Developments

11.2    Piaggio & C. SpA

11.2.1     Key Facts

11.2.2     Business Description

11.2.3     Products and Services

11.2.4     Financial Overview

11.2.5     SWOT Analysis

11.2.6     Key Developments

11.3    Terra Motors Corporation

11.3.1     Key Facts

11.3.2     Business Description

11.3.3     Products and Services

11.3.4     Financial Overview

11.3.5     SWOT Analysis

11.3.6     Key Developments

11.4    Kinetic Green Energy & Power Solutions Ltd.

11.4.1     Key Facts

11.4.2     Business Description

11.4.3     Products and Services

11.4.4     Financial Overview

11.4.5     SWOT Analysis

11.4.6     Key Developments

11.5    LOHIA AUTO INDUSTRIES

11.5.1     Key Facts

11.5.2     Business Description

11.5.3     Products and Services

11.5.4     Financial Overview

11.5.5     SWOT Analysis

11.5.6     Key Developments

11.6    Bodo Vehicle Group Co. Ltd.

11.6.1     Key Facts

11.6.2     Business Description

11.6.3     Products and Services

11.6.4     Financial Overview

11.6.5     SWOT Analysis

11.6.6     Key Developments

11.7    Nobe Cars

11.7.1     Key Facts

11.7.2     Business Description

11.7.3     Products and Services

11.7.4     Financial Overview

11.7.5     SWOT Analysis

11.7.6     Key Developments

11.8    Mahindra Electric Mobility Limited

11.8.1     Key Facts

11.8.2     Business Description

11.8.3     Products and Services

11.8.4     Financial Overview

11.8.5     SWOT Analysis

11.8.6     Key Developments

11.9    E-Tuk Factory BV

11.9.1     Key Facts

11.9.2     Business Description

11.9.3     Products and Services

11.9.4     Financial Overview

11.9.5     SWOT Analysis

11.9.6     Key Developments

11.10 JIANGSU KINGBON VEHICLE CO., LTD

11.10.1   Key Facts

11.10.2   Business Description

11.10.3   Products and Services

11.10.4   Financial Overview

11.10.5   SWOT Analysis

11.10.6   Key Developments

12.         Appendix

12.1    About The Insight Partners

12.2    Glossary of Terms

LIST OF TABLES

Table 1.            Global Electric Three-Wheeler Market – Revenue and Forecast to 2028 (US$ Million)

Table 2.            Global Electric Three-Wheeler Market, by Region, 2018–2028 (US$ Mn)

Table 3.            North America: Electric Three-Wheeler Market, by Type, 2018–2028 (US$ Mn)

Table 4.            North America: Electric Three-Wheeler Market, by Country, 2018–2028 (US$ Mn)

Table 5.            US: Electric Three-Wheeler Market, by Type, 2018–2028 (US$ Mn)

Table 6.            Canada: Electric Three-Wheeler Market, by Type, 2018–2028 (US$ Mn)

Table 7.            Mexico: Electric Three-Wheeler Market, by Type, 2018–2028 (US$ Mn)

Table 8.            Europe: Electric Three-Wheeler Market, by Type, 2018–2028 (US$ Mn)

Table 9.            Europe: Electric Three-Wheeler Market, by Country, 2018–2028 (US$ Mn)

Table 10.          Germany: Electric Three-Wheeler Market, by Type, 2018–2028 (US$ Mn)

Table 11.          France: Electric Three-Wheeler Market, by Type, 2018–2028 (US$ Mn)

Table 12.          Italy: Electric Three-Wheeler Market, by Types, 2018–2028 (US$ Mn)

Table 13.          UK Electric Three-Wheeler Market Revenue and Forecasts to 2028 – By Type (US$ Mn)

Table 14.          Russia: Electric Three-Wheeler Market, by Type, 2018–2028 (US$ Mn)

Table 15.          Rest of Europe: Electric Three-Wheeler Market, by Type, 2018–2028 (US$ Mn)

Table 16.          Asia Pacific: Electric Three-Wheeler Market, by Type, 2018–2028 (US$ Mn)

Table 17.          Asia Pacific: Electric Three-Wheeler Market, by Country, 2018–2028 (US$ Mn)

Table 18.          China: Electric Three-Wheeler Market, by Type, 2018–2028 (US$ Mn)

Table 19.          Japan: Electric Three-Wheeler Market, by Type, 2018–2028 (US$ Mn)

Table 20.          India: Electric Three-Wheeler Market, by Type, 2018–2028 (US$ Mn)

Table 21.          South Korea: Electric Three-Wheeler Market, by Type, 2018–2028 (US$ Mn)

Table 22.          Rest of Asia Pacific: Electric Three-Wheeler Market, by Type, 2018–2028 (US$ Mn)

Table 23.          MEA: Electric Three-Wheeler Market, by Type, 2018–2028 (US$ Mn)

Table 24.          MEA: Electric Three-Wheeler Market, by Country, 2018–2028 (US$ Mn)

Table 25.          South Africa: Electric Three-Wheeler Market, by Type, 2018–2028 (US$ Mn)

Table 26.          Rest of MEA: Electric Three-Wheeler Market, by Type, 2018–2028 (US$ Mn)

Table 27.          SAM: Electric Three-Wheeler Market, by Type, 2018–2028 (US$ Mn)

Table 28.          SAM: Electric Three-Wheeler Market, by Country, 2018–2028 (US$ Mn)

Table 29.          Brazil: Electric Three-Wheeler Market, by Type, 2018–2028 (US$ Mn)

Table 30.          Argentina: Electric Three-Wheeler Market, by Type, 2018–2028 (US$ Mn)

Table 31.          Rest of SAM: Electric Three-Wheeler Market, by Type, 2018–2028 (US$ Mn)

Table 32.          Glossary of Terms, Electric Three-Wheeler Market

 

LIST OF FIGURES

Figure 1.           Electric Three-Wheeler Market Segmentation

Figure 2.           Electric Three-Wheeler Market Segmentation – By Geography

Figure 3.           Electric Three-Wheeler Market Overview

Figure 4.           Electric Three-Wheeler Market, By Geography

Figure 5.           Electric Three-Wheeler Market, by Type

Figure 6.           North America - PEST Analysis

Figure 7.           Europe - PEST Analysis

Figure 8.           APAC – PEST Analysis

Figure 9.           MEA – PEST Analysis

Figure 10.        Rest of MEA – PEST Analysis

Figure 11.        Electric Vehicle Actuator Market, Ecosystem

Figure 12.        Electric Three-Wheeler Market Impact Analysis of Drivers and Restraints

Figure 13.        Global Electric Three-Wheeler Market

Figure 14.        Global Electric Three-Wheeler Market – Revenue and Forecast to 2028 (US$ Million)

Figure 15.        Electric Three-Wheeler Market Revenue Share, by Type (2020 and 2028)

Figure 16.        E-Auto (High Speed): Electric Three-Wheeler Market – Revenue and Forecast to 2028 (US$ Million)

Figure 17.        People Carrier: Electric Three-Wheeler Market – Revenue and Forecast to 2028 (US$ Million)

Figure 18.        Goods Carrier: Electric Three-Wheeler Market – Revenue and Forecast to 2028 (US$ Million)

Figure 19.        Special Vehicles: Electric Three-Wheeler Market – Revenue and Forecast to 2028 (US$ Million)

Figure 20.        E-Rickshaw (Low Speed): Electric Three-Wheeler Market – Revenue and Forecast to 2028 (US$ Million)

Figure 21.        People Carrier: Electric Three-Wheeler Market – Revenue and Forecast to 2028 (US$ Million)

Figure 22.        Goods Carrier: Electric Three-Wheeler Market – Revenue and Forecast to 2028 (US$ Million)

Figure 23.        Special Vehicles: Electric Three-Wheeler Market – Revenue and Forecast to 2028 (US$ Million)

Figure 24.        Global Electric Three-Wheeler Market, By Geography – 2020 (US$ Mn)

Figure 25.        North America: Electric Three-Wheeler Market – Revenue and Forecast to 2028 (US$ Mn)

Figure 26.        North America: Electric Three-Wheeler Market, by Type, 2020 & 2028 (%)

Figure 27.        North America: Electric Three-Wheeler Market, by Country, 2020 & 2028 (%)

Figure 28.        US: Electric Three-Wheeler Market – Revenue and Forecast to 2028 (US$ Mn)

Figure 29.        Canada: Electric Three-Wheeler Market – Revenue and Forecast to 2028 (US$ Mn)

Figure 30.        Mexico: Electric Three-Wheeler Market – Revenue and Forecast to 2028 (US$ Mn)

Figure 31.        Europe Electric Three-Wheeler Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 32.        Europe Electric Three-Wheeler Market Breakdown, By Type, 2020 and 2028 (%)

Figure 33.        Europe: Electric Three-Wheeler Market, by Country, 2020 & 2028 (%)

Figure 34.        Germany Electric Three-Wheeler Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 35.        France Electric Three-Wheeler Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 36.        Italy Electric Three-Wheeler Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 37.        UK Electric Three-Wheeler Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 38.        Russia Electric Three-Wheeler Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 39.        Rest of Europe Electric Three-Wheeler Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 40.        APAC: Electric Three-Wheeler Market – Revenue and Forecast to 2028 (US$ Mn)

Figure 41.        Asia Pacific: Electric Three-Wheeler Market, by Type, 2020 & 2028 (%)

Figure 42.        Asia Pacific: Electric Three-Wheeler Market, by Country, 2020 & 2028 (%)

Figure 43.        China: Electric Three-Wheeler Market – Revenue and Forecast to 2028 (US$ Mn)

Figure 44.        Japan: Electric Three-Wheeler Market – Revenue and Forecast to 2028 (US$ Mn)

Figure 45.        India: Electric Three-Wheeler Market – Revenue and Forecast to 2028 (US$ Mn)

Figure 46.        South Korea: Electric Three-Wheeler Market – Revenue and Forecast to 2028 (US$ Mn)

Figure 47.        Rest of APAC: Electric Three-Wheeler Market – Revenue and Forecast to 2028 (US$ Mn)

Figure 48.        MEA: Electric Three-Wheeler Market, Revenue and Forecast to 2028 (US$ Mn)

Figure 49.        MEA: Electric Three-Wheeler Market, by Type, 2020 & 2028 (%)

Figure 50.        MEA: Electric Three-Wheeler Market, by Country, 2020 & 2028 (%)

Figure 51.        South Africa: Electric Three-Wheeler Market – Revenue and Forecast to 2028 (US$ Mn)

Figure 52.        Rest of MEA: Electric Three-Wheeler Market – Revenue and Forecast to 2028 (US$ Mn)

Figure 53.        SAM: Electric Three-Wheeler Market, Revenue and Forecast to 2028 (US$ Mn)

Figure 54.        SAM: Electric Three-Wheeler Market, by Type, 2020 & 2028 (%)

Figure 55.        SAM: Electric Three-Wheeler Market, by Country, 2020 & 2028 (%)

Figure 56.        Brazil: Electric Three-Wheeler Market – Revenue and Forecast to 2028 (US$ Mn)

Figure 57.        Argentina: Electric Three-Wheeler Market – Revenue and Forecast to 2028 (US$ Mn)

Figure 58.        Rest of SAM: Electric Three-Wheeler Market – Revenue and Forecast to 2028 (US$ Mn)

Figure 59.        Impact of COVID-19 Pandemic in North American Country Markets

Figure 60.        Impact of COVID-19 Pandemic in Europe Country Markets

Figure 61.        Impact of COVID-19 Pandemic in Asia Pacific Country Markets

Figure 62.        Impact of COVID-19 Pandemic in Middle East and Africa Country Markets

Figure 63.            Impact of COVID-19 Pandemic in South America Country Markets

The List of Companies - Electric Three-Wheeler Market

  1. Goenka Electric Motor Vehicles Private Limited
  2. Piaggio & C. SpA
  3. Terra Motors Corporation
  4. Kinetic Green Energy & Power Solutions Ltd.
  5. LOHIA AUTO INDUSTRIES
  6. Bodo Vehicle Group Co. Ltd.
  7. Nobe Cars
  8. Mahindra Electric Mobility Limited
  9. E-Tuk Factory BV
  10. JIANGSU KINGBON VEHICLE CO., LTD

 

  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global electric three-wheeler market.

  • Highlights key business priorities in order to assist companies to realign their business strategies.

  • The key findings and recommendations highlight crucial progressive industry trends in the global electric three-wheeler market, thereby allowing players across the value chain to develop effective long-term strategies.

  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.

  • Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.

  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.

 

TIPRE00009335
Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.

Frequently Asked Questions

Filtering through congested traffic in various metro cities is attained with great difficulty and sometime may end up in collisions while travelling in conventional vehicles. Passengers are likely to opt for small three-wheeler vehicles for their daily commute as means of public transport owing to its ease of maneuverability. Moreover, huge public transport vehicles such as buses, as well as taxis, cannot reach every location, especially when the destination is in remote area. Moreover, time required for arriving at the destination is substantially reduced owing to the small size of three-wheelers.

Companies are trying to invest more on R&D activities for embedding latest technologies, such as global positioning system (GPS) for navigation and solar-powered engines to derive electric power for the functioning of electric three-wheelers. GPS suggests best route available to the destination and also saves a considerable amount of time. Further, it shows traffic status on alternative routes along with estimated time to reach the location. Omega Seiki Mobility expanded its electric three-wheeler range in November 2020 with the introduction of three new smart EVs aimed at both the B2B and B2C segments. Omega Seiki's new electric vehicle line includes simulation software, telematics, and a GPS system.

E-rickshaws are under-powered electric three-wheeler vehicles, and they have lower battery capacities compared to e-auto. These parameters contribute to the lower range, lower speed, and lower payload capacity of e-rickshaws. The e-rickshaws are mainly in use in developing countries in Asia Pacific, especially in India. The e-rickshaws have the highest speed limit of 50 kmph with a maximum range of up to 70–80 km. Piaggio Vehicles Private Limited offers e-rickshaws based on swappable battery concept that helps used to overcome challenges such as high-cost battery replacement, low battery life, and charging infrastructure inadequacy. The Apé E-City offered by Piaggio Vehicles Private Limited allows users to swap batteries at company’s recharge station. E-rikshaws are further categorized as people carriers, goods carriers, and special vehicles.

Pricing