Three Wheeler Market to Grow at a CAGR of 4.9% to reach US$ 13.73 Billion from 2019 to 2027

Three Wheeler Market to 2027 - Global Analysis and Forecasts by Type (Passenger Carrier, Goods Carrier); Fuel Type (Diesel, Petrol, CNG, LPG, Electric)

Publication Month: Mar 2020 | Report Code: TIPRE00007014 | No. of Pages: 141 | Category: Automotive and Transportation | Status: Published
Covid

The three wheeler market was valued at US$ 9.14 Bn in 2018 and is expected to grow at a CAGR of 4.9% from 2019 to 2027 to reach US$ 13.73 Bn by 2027.


Three wheeler passenger carriers are three-wheelers used for transportation of passengers. A minimum of three and a maximum of five-six passengers can travel by three wheelers passenger carriers. In rural areas, more than six passengers travel by three-wheeler passenger carriers as per requirement. E-rickshaw is one of the main types of three wheelers. E-rickshaws run on battery and are eco-friendly vehicles and produce vehicular emission and less noise in comparison with conventional three wheelers. E-rickshaws can carry five-six passengers for transportation. Increasing demand for electric three wheelers, and increasing population, and increasing need for a vehicle that helps in traffic congestion in the region have been bolstering the growth of the global three wheelers market. In 2018, the APAC region holds a prominent position in the three wheeler market during the forecast period. Countries such as India is anticipated to dominate the domestic and export business segment during the forecast period. Further, many established players from India are focusing on the manufacture of three-wheelers complied with BS (Bharat Stage) VI norms, which will be implemented by 2020 to keep particulate matter, nitrogen oxides, and Sulphur emission in check. Significant growth is observed in China, followed by other Asian countries such as Thailand and Malaysia, due to the increasing need for transportation medium for rural and semi-urban areas of the nation and the growing population.


Lucrative Regional Three Wheeler Markets


Lucrative Regional Three Wheeler Markets

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Market Insights

The increasing demand for eco-friendly three wheelers is propelling the growth of the market

The automotive industry across the world is constantly experiencing the rise in the number of several new three-wheeler manufacturers. The three-wheeler manufacturers are continuously eyeballing on the development of the electric three-wheeler segment as the section is attracting the interest of the customers globally. The global automotive industry is experiencing a significant shift from traditional three-wheelers to electric three-wheelers.

Governments in various countries are taking the initiative for the adoption of electric three-wheelers. For instance, in March 2018, the Ministry of Heavy Industries & Public Enterprises, India, launched Phase-II of the FAME India Scheme, which was initiated on 1st April 2019 for next three years, with total budgetary support of US$ 1.39 billion. This phase is launched to mainly support the electrification of public & shared transportation and aims to support through subsidies 7000 e-Buses, 5 lakh e-3 Wheelers, 55000 e-4 Wheeler Passenger Cars, and 10 lakh e-2 Wheelers. This phase of the FAME Scheme is looking forward to setting up adequate public charging infrastructure to develop confidence among EV users. With this, the ministry of heavy industries & public enterprises is looking ahead for involvement and active participation of various stakeholders, including industries and public sector enterprises (PSEs) and government agencies. The key players in the market are aiming at developing electric vehicles. For instance, the Piaggio & C. SpA, and Italian motor vehicle manufacturer launched Piaggio Ape E-City under its range of Piaggio Ape Electrik Electric 3-Wheeler. The E-auto comes with a swappable Lithium-ion battery and can cover the range of around 70-80 km when charged once. Furthermore, in August 2019, Euler Motors announced that it would launch electric three-wheeler light commercial cargo vehicles in India in early 2020.

 

Geographically, India and China houses numerous three wheelers manufacturers, as well as the acceptance of electric three-wheelers is soaring at a rapid rate year on year. Apart from India and China, countries across South America, such as Brazil, Argentina, and the Middle East & African countries such as South Africa, Nigeria, Egypt, are also developing rapidly in terms of electric three-wheeler adoption in the automotive industry. Asia-Pacific has dominated as well as is witnessing huge growth in the automotive industry. Nevertheless, the automotive players operating in the region needs an improved number of partnerships with components providers, to mount exponentially in terms of electric three-wheeler deployments. The strategic partnerships, collaboration, contracts, acquisition with other market players are the primary factor for the industry players to drive their markets, which is estimated to drive the three-wheeler market worldwide in the coming years.  


Type Insights

In type segment, passenger carrier captured the largest share in the global three wheeler market. The passenger carrier is the cheapest transport vehicles that can be afforded by various private transport operators and by individuals whose earning is from transport jobs. The growth of the segment is driven by the increasing demand for low-cost passenger carriers such as lack of proper roads, three-wheelers are mainly due to inadequate transportation facilities, and urban areas with heavy traffic congestions.


Global Three Wheeler Market, by Type – 2018 & 2027

Global Three Wheeler Market

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Fuel Type Insights

The three wheeler market, by fuel type, is segmented into diesel, petrol, CNG, LPG, and electric. The petrol segment captured dominating share in the global three wheeler market.


Strategic Insights

Market initiative is a strategy adopted by companies to expand their footprint across the world and to meet the growing customer demand. The market players present in the three wheeler market are mainly focusing on product and service enhancements by integrating advanced features and technologies. By signing partnerships, contracts, joint ventures, and inaugurating new offices across the world, companies are trying to increase their market share and brand presence. Most of the market initiatives were observed in the Asia Pacific region, which have a high potential for future market growth. Few of them are listed below;

 

2019: In December 2019, Greaves Cotton announced a partnership with TVS Motor Company. Under this partnership, Greaves Cotton would act as an authorized service center for TVS Motor’s three-wheelers in India.

 

2018: ATUL Auto Limited partnered with JBM Industries, an auto parts company based in India. The company has partnered to expand its three wheeler electric autos business.


Three Wheeler Market – By Type

  • Passenger Carrier
  • Goods Carrier

 

Three Wheeler Market – By Fuel Type

  • Diesel
  • Petrol
  • CNG
  • LPG
  • Electric

 

Global Three Wheeler Market by Region

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • France
    • Germany
    • Italy
    • UK
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • South Korea
    • Japan
    • Australia
    • Rest of Asia Pacific
  • Rest of the World
    • Africa
    • Latin America  


Companies Profiles

  • ATUL Auto Limited
  • Bajaj Auto Ltd.   
  • J.S. AUTO (P) LTD.
  • Mahindra & Mahindra Ltd.
  • Piaggio & C. SpA
  • Scooters India Limited
  • Speego Vehicles Co Pvt Limited
  • Terra Motors Corporation
  • TVS Motor Company
  • Xianghe Qiangsheng Electric Tricycle Factory

 

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        Three Wheeler Market – North America PEST Analysis

4.2.2        Three Wheeler Market – Europe PEST Analysis

4.2.3        Three Wheeler Market – APAC PEST Analysis

4.2.4        Three Wheeler Market – RoW PEST Analysis

5.             Three Wheeler Market – Key Industry Dynamics

5.1       Key Market Driver

5.1.1        Growing demand for eco-friendly three wheelers

5.1.2        Traffic Congestion

5.2       Key Market Restraint

5.2.1        Instability and lack of safety norms

5.3       Key Market Opportunity

5.3.1        Increasing adoption of three wheelers in Africa and South America

5.4       Future Trend

5.4.1        Increasing the Range Covered by Electric Three Wheeler Would Stimulate Market Growth

5.5       Impact Analysis of Drivers and Restraints

6.             Three-Wheeler Market – Global Market Analysis

6.1       Overview

6.2       Global Three-Wheeler Market – Revenue and Forecast to 2027 (US$ Million)

6.3       Market Positioning – Five Key Players

7.             Three-Wheeler Market – By Type

7.1       Overview

7.2       Three-Wheeler Market Breakdown, by Type (2018 and 2027)

7.3       Passenger Carrier

7.3.1        Overview

7.3.2        Passenger Carrier: Three-Wheeler Market – Revenue and Forecast to 2027 (US$ Million)

7.4       Goods Carrier

7.4.1        Overview

7.4.2        Goods Carrier: Three-Wheeler Market – Revenue and Forecast to 2027 (US$ Million)

8.             Three-Wheeler Market – By Fuel Type

8.1       Overview

8.2       Three-Wheeler Market Breakdown, by Fuel Type (2018 and 2027)

8.3       Diesel

8.3.1        Overview

8.3.2        Diesel: Three-Wheeler Market – Revenue and Forecast to 2027 (US$ Million)

8.4       Petrol

8.4.1        Overview

8.4.2        Petrol: Three-Wheeler Market – Revenue and Forecast to 2027 (US$ Million)

8.5       CNG

8.5.1        Overview

8.5.2        CNG: Three-Wheeler Market – Revenue and Forecast to 2027 (US$ Million)

8.6       LPG

8.6.1        Overview

8.6.2        LPG: Three-Wheeler Market – Revenue and Forecast to 2027 (US$ Million)

8.7       Electric

8.7.1        Overview

8.7.2        Electric: Three-Wheeler Market – Revenue and Forecast to 2027 (US$ Million)

9.             Global Three Wheeler Market – Geographic Analysis

9.1       Overview

9.2       North America: Three wheeler Market

9.2.1        Overview

9.2.2        North America: Three Wheeler Market – Revenue and Forecast to 2027 (US$ Mn)

9.2.3        North America: Three wheeler Market Revenue Share, by Type (2018 and 2027)

9.2.4        North America: Three wheeler Market, by Fuel Type, 2018 & 2027 (%)

9.2.5        North America: Three wheeler Market Revenue Share, by Country (2018 and 2027)

9.2.5.1      US: Three wheeler Market – Revenue and Forecast to 2027 (US$ Mn)

9.2.5.1.1       US: Three wheeler Market, by Type

9.2.5.1.2       US: Three wheeler Market, by Fuel Type

9.2.5.2      Canada: Three wheeler Market – Revenue and Forecast to 2027 (US$ Mn)

9.2.5.2.1       Canada: Three wheeler Market, by Type

9.2.5.2.2       Canada: Three wheeler Market, by Fuel Type

9.2.5.3      Mexico: Three Wheeler Market – Revenue and Forecast to 2027 (US$ Mn)

9.2.5.3.1       Mexico: Three wheeler Market, by Type

9.2.5.3.2       Mexico: Three wheeler Market, by Fuel Type

9.3       Europe Three Wheeler Market Revenue and Forecasts to 2027

9.3.1        Europe Three Wheeler Market Revenue and Forecasts to 2027 (US$ Mn)

9.3.2        Europe Three Wheeler Market Breakdown, By Type

9.3.3        Europe Three Wheeler Market Breakdown, By Fuel Type

9.3.4        Europe Three Wheeler Market Breakdown, By Key Country

9.3.4.1      Germany Three Wheeler Market Revenue and Forecasts to 2027 (US$ Mn)

9.3.4.1.1       Germany Three Wheeler Market Breakdown, By Type

9.3.4.1.2       Germany Three Wheeler Market Breakdown, By Fuel Type

9.3.4.2      France Three Wheeler Market Revenue and Forecasts to 2027 (US$ Mn)

9.3.4.2.1       France Three Wheeler Market Breakdown, By Type

9.3.4.2.2       France Three Wheeler Market Breakdown, By Fuel Type

9.3.4.3      Italy Three Wheeler Market Revenue and Forecasts to 2027 (US$ Mn)

9.3.4.3.1       Italy Three Wheeler Market Breakdown, By Types

9.3.4.3.2       Italy Three Wheeler Market Breakdown, By Fuel Type

9.3.4.4      UK Three Wheeler Market Revenue and Forecasts to 2027 (US$ Mn)

9.3.4.4.1       UK Three Wheeler Market Breakdown, By Type

9.3.4.4.2       UK Three Wheeler Market Breakdown, By Fuel Type

9.3.4.5      Russia Three Wheeler Market Revenue and Forecasts to 2027 (US$ Mn)

9.3.4.5.1       Russia Three Wheeler Market Breakdown, By Type

9.3.4.6      Rest of Europe Three Wheeler Market Revenue and Forecasts to 2027 (US$ Mn)

9.3.4.6.1       Rest of Europe Three Wheeler Market Breakdown, By Type

9.3.4.6.2       Rest of Europe Three Wheeler Market Breakdown, By Fuel Type

9.4       APAC: Three wheeler Market

9.4.1        Overview

9.4.2        APAC: Three wheeler Market – Revenue and Forecast to 2027 (US$ Mn)

9.4.3        APAC: Three Wheeler Market, by Type

9.4.4        APAC: Three wheeler Market, by Fuel Type

9.4.5        APAC: Three wheeler Market, by Key Country

9.4.5.1      Australia: Three wheeler Market – Revenue and Forecast to 2027 (US$ Mn)

9.4.5.1.1       Australia: Three wheeler Market, by Type

9.4.5.1.2       Australia: Three Wheeler Market, by Fuel Type

9.4.5.2      China: Three Wheeler Market – Revenue and Forecast to 2027 (US$ Mn)

9.4.5.2.1       China: Three wheeler Market, by Type

9.4.5.2.2       China: Three wheeler Market, by Fuel Type

9.4.5.3      Japan: Three wheeler Market – Revenue and Forecast to 2027 (US$ Mn)

9.4.5.3.1       Japan: Three wheeler Market, by Type

9.4.5.3.2       Japan: Three wheeler Market, by Fuel Type

9.4.5.4      India: Three wheeler Market – Revenue and Forecast to 2027 (US$ Mn)

9.4.5.4.1       India: Three wheeler Market, by Type

9.4.5.4.2       India: Three wheeler Market, by Fuel Type

9.4.5.5      South Korea: Three wheeler Market – Revenue and Forecast to 2027 (US$ Mn)

9.4.5.5.1       South Korea: Three wheeler Market, by Type

9.4.5.5.2       South Korea: Three wheeler Market, by Fuel Type

9.4.5.6      Rest of APAC: Three wheeler Market – Revenue and Forecast to 2027 (US$ Mn)

9.4.5.6.1       Rest of APAC: Three wheeler Market, by Type

9.4.5.6.2       Rest of APAC: Three wheeler Market, by Fuel Type

9.5       Rest of the World: Three wheeler Market, Revenue and Forecast to 2027

9.5.1        Overview

9.5.2        Rest of the World: Three wheeler Market – Revenue and Forecast to 2027 (US$ Mn)

9.5.3        Rest of the World: Three wheeler Market Revenue Share, by Type

9.5.4        Rest of the World: Three wheeler Market Revenue Share, by Fuel Type

9.5.5        Rest of the World: Three wheeler Market Revenue Share, by Country

9.5.5.1      Africa: Three wheeler Market – Revenue and Forecast to 2027 (US$ Mn)

9.5.5.1.1       Africa: Three wheeler Market Breakdown, by Type

9.5.5.1.2       Africa: Three wheeler Market Breakdown, by Fuel Type

9.5.5.2      Latin America: Three wheeler Market – Revenue and Forecast to 2027 (US$ Mn)

9.5.5.2.1       SAM: Three wheeler Market Breakdown, by Type

9.5.5.2.2       Latin America: Three wheeler Market Breakdown, by Fuel Type

10.          Global Three Wheeler Market-Industry Landscape

10.1    Overview

10.2    Market Initiative

10.3    New Development

11.          Company Profiles

11.1    ATUL Auto 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    Bajaj Auto Ltd.

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    J.S. AUTO (P) 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    Speego Vehicles Co Pvt Limited

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    Mahindra & Mahindra 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    Scooters India Limited

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    TVS Motor Company

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    Terra Motors Corporation

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 Xianghe Qiangsheng Electric Tricycle Factory

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 Three-Wheeler Market – Revenue and Forecast to 2027 (US$ Million)

Table 2.             Global Three Wheeler Market, by Region, 2018–2027 (US$ Mn)

Table 3.             North America: Three wheeler Market, by Type, 2018–2027 (US$ Mn)

Table 4.             North America: Three wheeler Market, by Fuel Type, 2018–2027 (US$ Mn)

Table 5.             North America: Three wheeler Market, by Country, 2018–2027 (US$ Mn)

Table 6.             US: Three wheeler Market, by Type, 2018–2027 (US$ Mn)

Table 7.             US: Three wheeler Market, by Fuel Type, 2018–2027 (US$ Mn)

Table 8.             Canada: Three wheeler Market, by Type, 2018–2027 (US$ Mn)

Table 9.             Canada: Three wheeler Market, by Fuel Type, 2018–2027 (US$ Mn)

Table 10.          Mexico: Three wheeler Market, by Type, 2018–2027 (US$ Mn)

Table 11.          Mexico: Three wheeler Market, by Fuel Type, 2018–2027 (US$ Mn)

Table 12.          Europe: Three wheeler Market, by Type, 2018–2027 (US$ Mn)

Table 13.          Europe Three Wheeler Market Revenue and Forecasts to 2027 – By Fuel Type (US$ Mn)

Table 14.          Germany: Three wheeler Market, by Type, 2018–2027 (US$ Mn)

Table 15.          Germany: Three wheeler Market, by Fuel Type, 2018–2027 (US$ Mn)

Table 16.          France: Three wheeler Market, by Type, 2018–2027 (US$ Mn)

Table 17.          France: Three wheeler Market, by Fuel Type, 2018–2027 (US$ Mn)

Table 18.          Italy: Three wheeler Market, by Types, 2018–2027 (US$ Mn)

Table 19.          Italy Three Wheeler Market Revenue and Forecasts to 2027 – By Fuel Type (US$ Mn)

Table 20.          UK Three Wheeler Market Revenue and Forecasts to 2027 – By Type (US$ Mn)

Table 21.          UK: Three wheeler Market, by Fuel Type, 2018–2027 (US$ Mn)

Table 22.          Russia: Three Wheeler Market, by Type, 2018–2027 (US$ Mn)

Table 23.          Russia Three Wheeler Market Revenue and Forecasts to 2027 – By Fuel Type (US$ Mn)

Table 24.          Rest of Europe: Three wheeler Market, by Type, 2018–2027 (US$ Mn)

Table 25.          Rest of Europe: Three wheeler Market, by Fuel Type, 2018–2027 (US$ Mn)

Table 26.          Asia Pacific: Three wheeler Market, by Type, 2018–2027 (US$ Mn)

Table 27.          Asia Pacific: Three wheeler Market, by Fuel Type, 2018–2027 (US$ Mn)

Table 28.          Asia Pacific: Three wheeler Market, by Country, 2018–2027 (US$ Mn)

Table 29.          Australia: Three wheeler Market, by Type, 2018–2027 (US$ Mn)

Table 30.          Australia: Three Wheeler Market, by Fuel Type, 2018–2027 (US$ Mn)

Table 31.          China: Three wheeler Market, by Type, 2018–2027 (US$ Mn)

Table 32.          China: Three wheeler Market, by Fuel Type, 2018–2027 (US$ Mn)

Table 33.          Japan: Three wheeler Market, by Type, 2018–2027 (US$ Mn)

Table 34.          Japan: Three wheeler Market, by Fuel Type, 2018–2027 (US$ Mn)

Table 35.          India: Three wheeler Market, by Type, 2018–2027 (US$ Mn)

Table 36.          India: Three wheeler Market, by Fuel Type, 2018–2027 (US$ Mn)

Table 37.          South Korea: Three wheeler Market, by Type, 2018–2027 (US$ Mn)

Table 38.          South Korea: Three wheeler Market, by Fuel Type, 2018–2027 (US$ Mn)

Table 39.          Rest of Asia Pacific: Three wheeler Market, by Type, 2018–2027 (US$ Mn)

Table 40.          Rest of Asia Pacific: Three wheeler Market, by Fuel Type, 2018–2027 (US$ Mn)

Table 41.          Rest of the World: Three wheeler Market, by Type, 2018–2027 (US$ Mn)

Table 42.          Rest of the World: Three wheeler Market, by Fuel Type – Revenue and Forecast to 2027 (US$ Mn)

Table 43.          Rest of the World: Three wheeler Market, by Country, 2018–2027 (US$ Mn)

Table 44.          Africa: Three wheeler Market, by Type, 2018–2027 (US$ Mn)

Table 45.          Africa: Three wheeler Market, by Fuel Type, 2018–2027 (US$ Mn)

Table 46.          SAM: Three wheeler Market, by Type, 2018–2027 (US$ Mn)

Table 47.          Latin America: Three wheeler Market, by Fuel Type, 2018–2027 (US$ Mn)

Table 48.          Glossary of Terms, Three Wheeler Market
 

LIST OF FIGURES

Figure 1.           Three Wheeler Market Segmentation

Figure 2.           Three Wheeler Market Segmentation – By Geography

Figure 3.           Three Wheeler Market Overview

Figure 4.           Three Wheeler Geographic Overview

Figure 5.           Three Wheeler Market, By Geography

Figure 6.           Three Wheeler Market, by Type

Figure 7.           Global Three Wheeler Market, Industry Landscape

Figure 8.           North America - PEST Analysis

Figure 9.           Europe - PEST Analysis

Figure 10.        APAC – PEST Analysis

Figure 11.        ROW – PEST Analysis

Figure 12.        EV Powertrain Market Impact Analysis of Drivers and Restraints

Figure 13.        Global Three-Wheeler Market

Figure 14.        Global Three-Wheeler Market – Revenue and Forecast to 2027 (US$ Million)

Figure 15.        Three-Wheeler Market Revenue Share, by Type (2018 and 2027)

Figure 16.        Passenger Carrier: Three-Wheeler Market – Revenue and Forecast to 2027 (US$ Million)

Figure 17.        Goods Carrier: Three-Wheeler Market – Revenue and Forecast to 2027 (US$ Million)

Figure 18.        Three-Wheeler Market Revenue Share, by Fuel Type (2018 and 2027)

Figure 19.        Diesel: Three-Wheeler Market – Revenue and Forecast to 2027 (US$ Million)

Figure 20.        Petrol: Three-Wheeler Market – Revenue and Forecast to 2027 (US$ Million)

Figure 21.        CNG: Three-Wheeler Market – Revenue and Forecast to 2027 (US$ Million)

Figure 22.        LPG: Three-Wheeler Market – Revenue and Forecast to 2027 (US$ Million)

Figure 23.        Electric: Three-Wheeler Market – Revenue and Forecast to 2027 (US$ Million)

Figure 24.        Global Three Wheeler Market, By Geography – 2018 (US$ Mn)

Figure 25.        North America: Three Wheeler Market – Revenue and Forecast to 2027 (US$ Mn)

Figure 26.        North America: Three wheeler Market, by Type, 2018 & 2027 (%)

Figure 27.        North America: Three wheeler Market, by Fuel Type, 2018 & 2027 (%)

Figure 28.        North America: Three wheeler Market, by Country, 2018 & 2027 (%)

Figure 29.        US: Three wheeler Market – Revenue and Forecast to 2027 (US$ Mn)

Figure 30.        Canada: Three wheeler Market – Revenue and Forecast to 2027 (US$ Mn)

Figure 31.        Mexico: Three Wheeler Market – Revenue and Forecast to 2027 (US$ Mn)

Figure 32.        Europe Three Wheeler Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 33.        Europe Three Wheeler Market Breakdown, By Type, 2018 and 2027 (%)

Figure 34.        Europe Three Wheeler Market Breakdown, By Fuel Type, 2018 and 2027 (%)

Figure 35.        Europe: Three wheeler Market, by Country, 2018 & 2027 (%)

Figure 36.        Germany Three Wheeler Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 37.        France Three Wheeler Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 38.        Italy Three Wheeler Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 39.        UK Three Wheeler Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 40.        Russia Three Wheeler Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 41.        Rest of Europe Three Wheeler Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 42.        APAC: Three Wheeler Market – Revenue and Forecast to 2027 (US$ Mn)

Figure 43.        Asia Pacific: Three Wheeler Market, by Type, 2018 & 2027 (%)

Figure 44.        Asia Pacific: Three Wheeler Market, by Fuel Type, 2018 & 2027 (%)

Figure 45.        Asia Pacific: Three wheeler Market, by Country, 2018 & 2027 (%)

Figure 46.        Australia: Three wheeler Market – Revenue and Forecast to 2027 (US$ Mn)

Figure 47.        China: Three Wheeler Market – Revenue and Forecast to 2027 (US$ Mn)

Figure 48.        Japan: Three wheeler Market – Revenue and Forecast to 2027 (US$ Mn)

Figure 49.        India: Three wheeler Market – Revenue and Forecast to 2027 (US$ Mn)

Figure 50.        South Korea: Three wheeler Market – Revenue and Forecast to 2027 (US$ Mn)

Figure 51.        Rest of APAC: Three wheeler Market – Revenue and Forecast to 2027 (US$ Mn)

Figure 52.        Rest of the World: Three wheeler Market, Revenue and Forecast to 2027 (US$ Mn)

Figure 53.        Rest of the World: Three wheeler Market, by Type, 2018 & 2027 (%)

Figure 54.        Rest of the World: Three wheeler Market, by Services, 2018 & 2027 (%)

Figure 55.        Rest of the World: Three wheeler Market, by Country, 2018 & 2027 (%)

Figure 56.        Africa: Three wheeler Market – Revenue and Forecast to 2027 (US$ Mn)

Figure 57.        Latin America: Three wheeler Market – Revenue and Forecast to 2027 (US$ Mn)

 

The List of Companies - Three Wheeler Market

  1. ATUL Auto Limited
  2. Piaggio & C. SpA
  3. Bajaj Auto Ltd
  4. J.S. AUTO (P) LTD.
  5. Speego Vehicles Co Pvt Limited
  6. Mahindra & Mahindra Ltd.
  7. Scooters India Limited
  8. TVS Motor Company
  9. Terra Motors Corporation
  10. Xianghe Qiangsheng Electric Tricycle Factory
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global 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 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.

 

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Frequently Asked Questions

The massive populations of China and India and the mounting middle-class population in these countries, as well as booming automotive sector scenarios in both countries, are anticipated to have a bright future for the adoption of three-wheeler vehicles. These countries are the hub for various local automakers, which are focusing on the development of a three-wheeler vehicle, most commonly known as auto-rickshaw/ tuk-tuk. Furthermore, China is the largest producer of passenger cars across the globe; also, India, Japan, and South Korea are some of the primary vehicle manufacturing countries. The continuous economic growth in developed and developing countries such as India and China, coupled with the presence of a high number of manufacturers in countries such as China and Japan, has facilitated the rapid growth of the automotive industry in this region

The key players in the market are focusing on investing in the production of three wheelers in African and South American countries. There have been prominent strategies made in recent years by automakers to increase the usage of three wheelers in these regions. For instance, in August 2016, Lohia Auto Industries entered Africa with three wheeler operated on diesel. A reduction in organized public transport systems has led to rapid growth in non-conventional means of public transport, initially provided by minibuses and shared taxi/vans, and more recently by commercial three-wheelers. Unlike cities in South and East Asia, ownership and use of motorized and electric three-wheelers as a personalized vehicle is extremely small in sub-Saharan cities

The three-wheeler passenger carrier segment dominates the global three-wheeler market as it is one of the cheapest transport vehicles that can be afforded by various private transport operators and by individuals whose earning is from transport jobs. Asian countries like Bangladesh, Sri Lanka, and Nepal and African countries like Ghana, Nigeria, Tanzania, and Kenya accounted for more than 90% of the exports in the Indian three-wheeler PC market. During 2018, the ICE-powered three-wheelers segment accounted for the significant shares and dominated the three-wheel passenger carrier market due to the increased usage of diesel, gasoline, bio-diesel, and compressed natural gas/liquefied petroleum gas (CNG/LPG) to power the engine in developing nations. In Asia-Pacific, India is the major contributor to the three-wheeler passenger carrier market

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