Market Overview Of The Electric Three-Wheeler Market
The Electric Three-Wheeler market estimated at USD 1.56 Billion in the year 2022, is projected to reach a revised size of USD 3.17 Billion by 2030, growing at a CAGR of 9.3% over the analysis period 2023-2030.
The electric three-wheeler (e-3W) industry is bracing for a race, with new players entering the market in response to strong demand from last-mile connectivity segments. As companies use e-autos for last-mile delivery, the e-3W market, which includes the cargo and passenger segments, has seen a significant increase in patronage. Another major motivator is that the total cost of operation per kilometer for e-3Ws is lower than for conventional internal combustion (IC) engine vehicles. According to the most recent IVCA-EY-Induslaw study, the penetration of e-3W vehicles in India is increasing rapidly, with 5% penetration in the first quarter of 2022. The passenger e-3W segment reported the highest sales i.e. 56% of the total sales of three wheelers in India for H2 2021. Cargo models are expected to develop at a significant growth, owing to two factors: an increase in e-commerce sales and last-mile deliveries, and Amazon and Flipkart's commitment to go completely electric by 2030. Similar trends have been observed in other regional markets which is anticipated to support the development of the electric three-wheeler market.
Market Dynamics and Factors of the Electric Three-Wheeler Market
Drivers:
- Large Scale Adoption Of Electric Three-Wheeler In The Developing Regions
Restraints:
- Electric Three-Wheelers Are Expensive As Compared To Conventional 3W
Opportunities:
- Supportive Government Stand To Reduce The Pollution From Last Mile Delivery Segment
Key Industry Developments In The Electric Three-Wheeler Market
In August 2022, Mahindra Electric Mobility Limited (MEML), part of the Mahindra Group, has launched its all-new cargo electric three-wheeler - Zor Grand. Mahindra has 12,000+ bookings of the Zor Grand through strategic Memoranda of Understanding with leading logistic companies like Mahindra Logistics, Magenta EV Solutions, MoEVing, EVnow, Yelo EV, Zyngo and more.
COVID-19 Impact On The Electric Three-Wheeler Market
China accounts for more than 75% of global lithium manufacturing capacity, and its reserves are 30 times larger than those of the United States. The global impact of COVID-19 resulted in a severe lithium supply shortage for electric vehicle manufacturers who rely on China for lithium cells and other raw materials. The pandemic-induced lockdown reduced lithium ion battery production, which impacted the global growth of the electric vehicle market. Furthermore, the price of lithium hydroxide, which is used in electric vehicles, rose significantly, causing logistical challenges and higher manufacturing costs. The lockdown had a significant impact on electric vehicle sales. With the roll out vaccines and the emphasis on electric vehicle infrastructure development is anticipated to support the growth of the electric three-wheeler market over the analysis period.
Key Players For The Electric Three-Wheeler Market
- Mahindra Electric
- Saera Electric Auto
- Champion Poly Plast
- Dilli Electric
- MINI METRO EV
- Unique International
- TI Clean Mobility
- Altigreen Propulsion Labs
- Piaggio
- Euler Motors
- Keto Motors
- BILITI Electric Inc.
- OMEGA SEIKI MOBILITY and Other Major Players.
Global Electric Three-Wheeler Market |
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Base Year: |
2022 |
Forecast Period: |
2023-2030 |
Historical Data: |
2017 to 2022 |
Market Size in 2022: |
USD 1.56Bn. |
Forecast Period 2023-30 CAGR: |
9.3 % |
Market Size in 2030: |
USD 3.17 Bn. |
Segments Covered: |
By Battery Type |
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By Payload Capacity |
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By End Use Type |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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Chapter 1: Introduction
1.1 Research Objectives
1.2 Research Methodology
1.3 Research Process
1.4 Scope and Coverage
1.4.1 Market Definition
1.4.2 Key Questions Answered
1.5 Market Segmentation
Chapter 2:Executive Summary
Chapter 3:Growth Opportunities By Segment
3.1 By Battery Type
3.2 By Payload Capacity
3.3 By End Use Type
Chapter 4: Market Landscape
4.1 Porter's Five Forces Analysis
4.1.1 Bargaining Power of Supplier
4.1.2 Threat of New Entrants
4.1.3 Threat of Substitutes
4.1.4 Competitive Rivalry
4.1.5 Bargaining Power Among Buyers
4.2 Industry Value Chain Analysis
4.3 Market Dynamics
4.3.1 Drivers
4.3.2 Restraints
4.3.3 Opportunities
4.5.4 Challenges
4.4 Pestle Analysis
4.5 Technological Roadmap
4.6 Regulatory Landscape
4.7 SWOT Analysis
4.8 Price Trend Analysis
4.9 Patent Analysis
4.10 Analysis of the Impact of Covid-19
4.10.1 Impact on the Overall Market
4.10.2 Impact on the Supply Chain
4.10.3 Impact on the Key Manufacturers
4.10.4 Impact on the Pricing
Chapter 5: Electric Three-Wheeler Market by Battery Type
5.1 Electric Three-Wheeler Market Overview Snapshot and Growth Engine
5.2 Electric Three-Wheeler Market Overview
5.3 Lithium-ion
5.3.1 Introduction and Market Overview
5.3.2 Historic and Forecasted Market Size (2016-2028F)
5.3.3 Key Market Trends, Growth Factors and Opportunities
5.3.4 Lithium-ion: Geographic Segmentation
5.4 Lead Acid
5.4.1 Introduction and Market Overview
5.4.2 Historic and Forecasted Market Size (2016-2028F)
5.4.3 Key Market Trends, Growth Factors and Opportunities
5.4.4 Lead Acid: Geographic Segmentation
Chapter 6: Electric Three-Wheeler Market by Payload Capacity
6.1 Electric Three-Wheeler Market Overview Snapshot and Growth Engine
6.2 Electric Three-Wheeler Market Overview
6.3 0-300 Kg
6.3.1 Introduction and Market Overview
6.3.2 Historic and Forecasted Market Size (2016-2028F)
6.3.3 Key Market Trends, Growth Factors and Opportunities
6.3.4 0-300 Kg: Geographic Segmentation
6.4 300-500 Kg
6.4.1 Introduction and Market Overview
6.4.2 Historic and Forecasted Market Size (2016-2028F)
6.4.3 Key Market Trends, Growth Factors and Opportunities
6.4.4 300-500 Kg: Geographic Segmentation
6.5 Above 500 Kg
6.5.1 Introduction and Market Overview
6.5.2 Historic and Forecasted Market Size (2016-2028F)
6.5.3 Key Market Trends, Growth Factors and Opportunities
6.5.4 Above 500 Kg: Geographic Segmentation
Chapter 7: Electric Three-Wheeler Market by End Use Type
7.1 Electric Three-Wheeler Market Overview Snapshot and Growth Engine
7.2 Electric Three-Wheeler Market Overview
7.3 Passenger Carrier
7.3.1 Introduction and Market Overview
7.3.2 Historic and Forecasted Market Size (2016-2028F)
7.3.3 Key Market Trends, Growth Factors and Opportunities
7.3.4 Passenger Carrier: Geographic Segmentation
7.4 Cargo
7.4.1 Introduction and Market Overview
7.4.2 Historic and Forecasted Market Size (2016-2028F)
7.4.3 Key Market Trends, Growth Factors and Opportunities
7.4.4 Cargo: Geographic Segmentation
Chapter 8: Company Profiles and Competitive Analysis
8.1 Competitive Landscape
8.1.1 Competitive Positioning
8.1.2 Electric Three-Wheeler Sales and Market Share By Players
8.1.3 Industry BCG Matrix
8.1.4 Heat Map Analysis
8.1.5 Electric Three-Wheeler Industry Concentration Ratio (CR5 and HHI)
8.1.6 Top 5 Electric Three-Wheeler Players Market Share
8.1.7 Mergers and Acquisitions
8.1.8 Business Strategies By Top Players
8.2 MAHINDRA ELECTRIC
8.2.1 Company Overview
8.2.2 Key Executives
8.2.3 Company Snapshot
8.2.4 Operating Business Segments
8.2.5 Product Portfolio
8.2.6 Business Performance
8.2.7 Key Strategic Moves and Recent Developments
8.2.8 SWOT Analysis
8.3 SAERA ELECTRIC AUTO
8.4 CHAMPION POLY PLAST
8.5 DILLI ELECTRIC
8.6 MINI METRO EV
8.7 UNIQUE INTERNATIONAL
8.8 TI CLEAN MOBILITY
8.9 ALTIGREEN PROPULSION LABS
8.10 PIAGGIO
8.11 EULER MOTORS
8.12 KETO MOTORS
8.13 BILITI ELECTRIC INC.
8.14 OMEGA SEIKI MOBILITY
8.15 OTHER MAJOR PLAYERS
Chapter 9: Global Electric Three-Wheeler Market Analysis, Insights and Forecast, 2016-2028
9.1 Market Overview
9.2 Historic and Forecasted Market Size By Battery Type
9.2.1 Lithium-ion
9.2.2 Lead Acid
9.3 Historic and Forecasted Market Size By Payload Capacity
9.3.1 0-300 Kg
9.3.2 300-500 Kg
9.3.3 Above 500 Kg
9.4 Historic and Forecasted Market Size By End Use Type
9.4.1 Passenger Carrier
9.4.2 Cargo
Chapter 10: North America Electric Three-Wheeler Market Analysis, Insights and Forecast, 2016-2028
10.1 Key Market Trends, Growth Factors and Opportunities
10.2 Impact of Covid-19
10.3 Key Players
10.4 Key Market Trends, Growth Factors and Opportunities
10.4 Historic and Forecasted Market Size By Battery Type
10.4.1 Lithium-ion
10.4.2 Lead Acid
10.5 Historic and Forecasted Market Size By Payload Capacity
10.5.1 0-300 Kg
10.5.2 300-500 Kg
10.5.3 Above 500 Kg
10.6 Historic and Forecasted Market Size By End Use Type
10.6.1 Passenger Carrier
10.6.2 Cargo
10.7 Historic and Forecast Market Size by Country
10.7.1 U.S.
10.7.2 Canada
10.7.3 Mexico
Chapter 11: Europe Electric Three-Wheeler Market Analysis, Insights and Forecast, 2016-2028
11.1 Key Market Trends, Growth Factors and Opportunities
11.2 Impact of Covid-19
11.3 Key Players
11.4 Key Market Trends, Growth Factors and Opportunities
11.4 Historic and Forecasted Market Size By Battery Type
11.4.1 Lithium-ion
11.4.2 Lead Acid
11.5 Historic and Forecasted Market Size By Payload Capacity
11.5.1 0-300 Kg
11.5.2 300-500 Kg
11.5.3 Above 500 Kg
11.6 Historic and Forecasted Market Size By End Use Type
11.6.1 Passenger Carrier
11.6.2 Cargo
11.7 Historic and Forecast Market Size by Country
11.7.1 Germany
11.7.2 U.K.
11.7.3 France
11.7.4 Italy
11.7.5 Russia
11.7.6 Spain
11.7.7 Rest of Europe
Chapter 12: Asia-Pacific Electric Three-Wheeler Market Analysis, Insights and Forecast, 2016-2028
12.1 Key Market Trends, Growth Factors and Opportunities
12.2 Impact of Covid-19
12.3 Key Players
12.4 Key Market Trends, Growth Factors and Opportunities
12.4 Historic and Forecasted Market Size By Battery Type
12.4.1 Lithium-ion
12.4.2 Lead Acid
12.5 Historic and Forecasted Market Size By Payload Capacity
12.5.1 0-300 Kg
12.5.2 300-500 Kg
12.5.3 Above 500 Kg
12.6 Historic and Forecasted Market Size By End Use Type
12.6.1 Passenger Carrier
12.6.2 Cargo
12.7 Historic and Forecast Market Size by Country
12.7.1 China
12.7.2 India
12.7.3 Japan
12.7.4 Singapore
12.7.5 Australia
12.7.6 New Zealand
12.7.7 Rest of APAC
Chapter 13: Middle East & Africa Electric Three-Wheeler Market Analysis, Insights and Forecast, 2016-2028
13.1 Key Market Trends, Growth Factors and Opportunities
13.2 Impact of Covid-19
13.3 Key Players
13.4 Key Market Trends, Growth Factors and Opportunities
13.4 Historic and Forecasted Market Size By Battery Type
13.4.1 Lithium-ion
13.4.2 Lead Acid
13.5 Historic and Forecasted Market Size By Payload Capacity
13.5.1 0-300 Kg
13.5.2 300-500 Kg
13.5.3 Above 500 Kg
13.6 Historic and Forecasted Market Size By End Use Type
13.6.1 Passenger Carrier
13.6.2 Cargo
13.7 Historic and Forecast Market Size by Country
13.7.1 Turkey
13.7.2 Saudi Arabia
13.7.3 Iran
13.7.4 UAE
13.7.5 Africa
13.7.6 Rest of MEA
Chapter 14: South America Electric Three-Wheeler Market Analysis, Insights and Forecast, 2016-2028
14.1 Key Market Trends, Growth Factors and Opportunities
14.2 Impact of Covid-19
14.3 Key Players
14.4 Key Market Trends, Growth Factors and Opportunities
14.4 Historic and Forecasted Market Size By Battery Type
14.4.1 Lithium-ion
14.4.2 Lead Acid
14.5 Historic and Forecasted Market Size By Payload Capacity
14.5.1 0-300 Kg
14.5.2 300-500 Kg
14.5.3 Above 500 Kg
14.6 Historic and Forecasted Market Size By End Use Type
14.6.1 Passenger Carrier
14.6.2 Cargo
14.7 Historic and Forecast Market Size by Country
14.7.1 Brazil
14.7.2 Argentina
14.7.3 Rest of SA
Chapter 15 Investment Analysis
Chapter 16 Analyst Viewpoint and Conclusion
Global Electric Three-Wheeler Market |
|||
Base Year: |
2022 |
Forecast Period: |
2023-2030 |
Historical Data: |
2017 to 2022 |
Market Size in 2022: |
USD 1.56Bn. |
Forecast Period 2023-30 CAGR: |
9.3 % |
Market Size in 2030: |
USD 3.17 Bn. |
Segments Covered: |
By Battery Type |
|
|
By Payload Capacity |
|
||
By End Use Type |
|
||
By Region |
|
||
Key Market Drivers: |
|
||
Key Market Restraints: |
|
||
Key Opportunities: |
|
||
Companies Covered in the report: |
|
LIST OF TABLES
TABLE 001. EXECUTIVE SUMMARY
TABLE 002. ELECTRIC THREE-WHEELER MARKET BARGAINING POWER OF SUPPLIERS
TABLE 003. ELECTRIC THREE-WHEELER MARKET BARGAINING POWER OF CUSTOMERS
TABLE 004. ELECTRIC THREE-WHEELER MARKET COMPETITIVE RIVALRY
TABLE 005. ELECTRIC THREE-WHEELER MARKET THREAT OF NEW ENTRANTS
TABLE 006. ELECTRIC THREE-WHEELER MARKET THREAT OF SUBSTITUTES
TABLE 007. ELECTRIC THREE-WHEELER MARKET BY BATTERY TYPE
TABLE 008. LITHIUM-ION MARKET OVERVIEW (2016-2028)
TABLE 009. LEAD ACID MARKET OVERVIEW (2016-2028)
TABLE 010. ELECTRIC THREE-WHEELER MARKET BY PAYLOAD CAPACITY
TABLE 011. 0-300 KG MARKET OVERVIEW (2016-2028)
TABLE 012. 300-500 KG MARKET OVERVIEW (2016-2028)
TABLE 013. ABOVE 500 KG MARKET OVERVIEW (2016-2028)
TABLE 014. ELECTRIC THREE-WHEELER MARKET BY END USE TYPE
TABLE 015. PASSENGER CARRIER MARKET OVERVIEW (2016-2028)
TABLE 016. CARGO MARKET OVERVIEW (2016-2028)
TABLE 017. NORTH AMERICA ELECTRIC THREE-WHEELER MARKET, BY BATTERY TYPE (2016-2028)
TABLE 018. NORTH AMERICA ELECTRIC THREE-WHEELER MARKET, BY PAYLOAD CAPACITY (2016-2028)
TABLE 019. NORTH AMERICA ELECTRIC THREE-WHEELER MARKET, BY END USE TYPE (2016-2028)
TABLE 020. N ELECTRIC THREE-WHEELER MARKET, BY COUNTRY (2016-2028)
TABLE 021. EUROPE ELECTRIC THREE-WHEELER MARKET, BY BATTERY TYPE (2016-2028)
TABLE 022. EUROPE ELECTRIC THREE-WHEELER MARKET, BY PAYLOAD CAPACITY (2016-2028)
TABLE 023. EUROPE ELECTRIC THREE-WHEELER MARKET, BY END USE TYPE (2016-2028)
TABLE 024. ELECTRIC THREE-WHEELER MARKET, BY COUNTRY (2016-2028)
TABLE 025. ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY BATTERY TYPE (2016-2028)
TABLE 026. ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY PAYLOAD CAPACITY (2016-2028)
TABLE 027. ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY END USE TYPE (2016-2028)
TABLE 028. ELECTRIC THREE-WHEELER MARKET, BY COUNTRY (2016-2028)
TABLE 029. MIDDLE EAST & AFRICA ELECTRIC THREE-WHEELER MARKET, BY BATTERY TYPE (2016-2028)
TABLE 030. MIDDLE EAST & AFRICA ELECTRIC THREE-WHEELER MARKET, BY PAYLOAD CAPACITY (2016-2028)
TABLE 031. MIDDLE EAST & AFRICA ELECTRIC THREE-WHEELER MARKET, BY END USE TYPE (2016-2028)
TABLE 032. ELECTRIC THREE-WHEELER MARKET, BY COUNTRY (2016-2028)
TABLE 033. SOUTH AMERICA ELECTRIC THREE-WHEELER MARKET, BY BATTERY TYPE (2016-2028)
TABLE 034. SOUTH AMERICA ELECTRIC THREE-WHEELER MARKET, BY PAYLOAD CAPACITY (2016-2028)
TABLE 035. SOUTH AMERICA ELECTRIC THREE-WHEELER MARKET, BY END USE TYPE (2016-2028)
TABLE 036. ELECTRIC THREE-WHEELER MARKET, BY COUNTRY (2016-2028)
TABLE 037. MAHINDRA ELECTRIC: SNAPSHOT
TABLE 038. MAHINDRA ELECTRIC: BUSINESS PERFORMANCE
TABLE 039. MAHINDRA ELECTRIC: PRODUCT PORTFOLIO
TABLE 040. MAHINDRA ELECTRIC: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 040. SAERA ELECTRIC AUTO: SNAPSHOT
TABLE 041. SAERA ELECTRIC AUTO: BUSINESS PERFORMANCE
TABLE 042. SAERA ELECTRIC AUTO: PRODUCT PORTFOLIO
TABLE 043. SAERA ELECTRIC AUTO: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 043. CHAMPION POLY PLAST: SNAPSHOT
TABLE 044. CHAMPION POLY PLAST: BUSINESS PERFORMANCE
TABLE 045. CHAMPION POLY PLAST: PRODUCT PORTFOLIO
TABLE 046. CHAMPION POLY PLAST: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 046. DILLI ELECTRIC: SNAPSHOT
TABLE 047. DILLI ELECTRIC: BUSINESS PERFORMANCE
TABLE 048. DILLI ELECTRIC: PRODUCT PORTFOLIO
TABLE 049. DILLI ELECTRIC: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 049. MINI METRO EV: SNAPSHOT
TABLE 050. MINI METRO EV: BUSINESS PERFORMANCE
TABLE 051. MINI METRO EV: PRODUCT PORTFOLIO
TABLE 052. MINI METRO EV: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 052. UNIQUE INTERNATIONAL: SNAPSHOT
TABLE 053. UNIQUE INTERNATIONAL: BUSINESS PERFORMANCE
TABLE 054. UNIQUE INTERNATIONAL: PRODUCT PORTFOLIO
TABLE 055. UNIQUE INTERNATIONAL: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 055. TI CLEAN MOBILITY: SNAPSHOT
TABLE 056. TI CLEAN MOBILITY: BUSINESS PERFORMANCE
TABLE 057. TI CLEAN MOBILITY: PRODUCT PORTFOLIO
TABLE 058. TI CLEAN MOBILITY: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 058. ALTIGREEN PROPULSION LABS: SNAPSHOT
TABLE 059. ALTIGREEN PROPULSION LABS: BUSINESS PERFORMANCE
TABLE 060. ALTIGREEN PROPULSION LABS: PRODUCT PORTFOLIO
TABLE 061. ALTIGREEN PROPULSION LABS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 061. PIAGGIO: SNAPSHOT
TABLE 062. PIAGGIO: BUSINESS PERFORMANCE
TABLE 063. PIAGGIO: PRODUCT PORTFOLIO
TABLE 064. PIAGGIO: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 064. EULER MOTORS: SNAPSHOT
TABLE 065. EULER MOTORS: BUSINESS PERFORMANCE
TABLE 066. EULER MOTORS: PRODUCT PORTFOLIO
TABLE 067. EULER MOTORS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 067. KETO MOTORS: SNAPSHOT
TABLE 068. KETO MOTORS: BUSINESS PERFORMANCE
TABLE 069. KETO MOTORS: PRODUCT PORTFOLIO
TABLE 070. KETO MOTORS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 070. BILITI ELECTRIC INC.: SNAPSHOT
TABLE 071. BILITI ELECTRIC INC.: BUSINESS PERFORMANCE
TABLE 072. BILITI ELECTRIC INC.: PRODUCT PORTFOLIO
TABLE 073. BILITI ELECTRIC INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 073. OMEGA SEIKI MOBILITY: SNAPSHOT
TABLE 074. OMEGA SEIKI MOBILITY: BUSINESS PERFORMANCE
TABLE 075. OMEGA SEIKI MOBILITY: PRODUCT PORTFOLIO
TABLE 076. OMEGA SEIKI MOBILITY: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 076. OTHER MAJOR PLAYERS: SNAPSHOT
TABLE 077. OTHER MAJOR PLAYERS: BUSINESS PERFORMANCE
TABLE 078. OTHER MAJOR PLAYERS: PRODUCT PORTFOLIO
TABLE 079. OTHER MAJOR PLAYERS: KEY STRATEGIC MOVES AND DEVELOPMENTS
LIST OF FIGURES
FIGURE 001. YEARS CONSIDERED FOR ANALYSIS
FIGURE 002. SCOPE OF THE STUDY
FIGURE 003. ELECTRIC THREE-WHEELER MARKET OVERVIEW BY REGIONS
FIGURE 004. PORTER'S FIVE FORCES ANALYSIS
FIGURE 005. BARGAINING POWER OF SUPPLIERS
FIGURE 006. COMPETITIVE RIVALRYFIGURE 007. THREAT OF NEW ENTRANTS
FIGURE 008. THREAT OF SUBSTITUTES
FIGURE 009. VALUE CHAIN ANALYSIS
FIGURE 010. PESTLE ANALYSIS
FIGURE 011. ELECTRIC THREE-WHEELER MARKET OVERVIEW BY BATTERY TYPE
FIGURE 012. LITHIUM-ION MARKET OVERVIEW (2016-2028)
FIGURE 013. LEAD ACID MARKET OVERVIEW (2016-2028)
FIGURE 014. ELECTRIC THREE-WHEELER MARKET OVERVIEW BY PAYLOAD CAPACITY
FIGURE 015. 0-300 KG MARKET OVERVIEW (2016-2028)
FIGURE 016. 300-500 KG MARKET OVERVIEW (2016-2028)
FIGURE 017. ABOVE 500 KG MARKET OVERVIEW (2016-2028)
FIGURE 018. ELECTRIC THREE-WHEELER MARKET OVERVIEW BY END USE TYPE
FIGURE 019. PASSENGER CARRIER MARKET OVERVIEW (2016-2028)
FIGURE 020. CARGO MARKET OVERVIEW (2016-2028)
FIGURE 021. NORTH AMERICA ELECTRIC THREE-WHEELER MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 022. EUROPE ELECTRIC THREE-WHEELER MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 023. ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 024. MIDDLE EAST & AFRICA ELECTRIC THREE-WHEELER MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 025. SOUTH AMERICA ELECTRIC THREE-WHEELER MARKET OVERVIEW BY COUNTRY (2016-2028)
Frequently Asked Questions :
The forecast period in the Electric Three-Wheeler Market research report is 2023-2030.
Mahindra Electric, Saera Electric Auto, SAARTHI E-RICKSHAW, CityLife EV, MINI METRO EV, TI Clean Mobility, Altigreen Propulsion Labs, Piaggio, Euler Motors, Keto Motors, BILITI Electric Inc., OMEGA SEIKI MOBILITY, and Other Major Players.
The Electric Three-Wheeler Market is segmented into Battery Type, Payload Capacity, End Use Type, and Region. By Battery Type the market is categorized into Lithium-ion, and Lead Acid. By Payload Capacity the market is categorized into 0-300 Kg, 300-500 Kg, and Above 500 Kg. By End Use Type, the market is categorized into Passenger Carrier, and Cargo. By region, it is analyzed across North America (U.S.; Canada; Mexico), Europe (Germany; U.K.; France; Italy; Russia; Spain etc.), Asia-Pacific (China; India; Japan; Southeast Asia etc.), South America (Brazil; Argentina etc.), Middle East & Africa (Saudi Arabia; South Africa etc.).
The electric three-wheeler (e-3W) industry is bracing for a race, with new players entering the market in response to strong demand from last-mile connectivity segments. As companies use e-autos for last-mile delivery, the e-3W market, which includes the cargo and passenger segments, has seen a significant increase in patronage.
The Electric Three-Wheeler market estimated at USD 1.56 Billion in the year 2022, is projected to reach a revised size of USD 3.17 Billion by 2030, growing at a CAGR of 9.3% over the analysis period 2023-2030.