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Electric Three-Wheeler Market Report by Vehicle Type (Passenger Carrier, Load Carrier), Power Type (Up To 1000W, 1000W To 1500W, Above 1500W), Battery Type (Lithium-Ion, Lead Acid), and Region 2024-2032

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    Report

  • 140 Pages
  • July 2024
  • Region: Global
  • IMARC Group
  • ID: 5577890
The global electric three-wheeler market size reached US$ 722.3 Million in 2023. Looking forward, the publisher expects the market to reach US$ 1.50 billion by 2032, exhibiting a growth rate (CAGR) of 8.5% during 2023-2032. The growing demand for eco-friendly transportation, favorable government policies and incentives, advancements in battery technology, rising fuel prices, and expanding applications in passenger and goods transportation are some of the factors impelling the market growth.

Electric Three-Wheeler Market Analysis:

Major Market Drivers: The market is experiencing strong growth due to rising urban population, strict emission standards, government incentives, and financial support for electric vehicle (EV) adoption. Furthermore, improvements in battery technology and the reduced overall cost of ownership in comparison to traditional vehicles are contributing to the growth of the market.

Key Market Trends: Advancements in battery technologies, incorporation of smart features and the internet of things (IoT) in vehicles, and the rise in shared mobility options are strengthening the market growth. There is also a shift towards using lithium-ion (Li-ion) batteries instead of traditional lead-acid batteries.

Geographical Trends: Asia Pacific dominates the market, primarily because of increasing environmental concerns and supportive government regulations.

Competitive Landscape: Some of the major market players in the industry include Atul Auto Limited, E-Tuk Factory, Goenka Electric Motor Vehicles Private Limited, Jiangsu Jinpeng Group Co. Ltd., Kinetic Green Energy & Power Solutions Ltd., Lohia Auto Industries, Mahindra & Mahindra Limited, Omega Seiki Mobility, Piaggio & C.SpA, Scooters India Limited, Terra Motors Corporation, among many others.

Challenges and Opportunities: The high initial cost of electric three-wheelers, limited charging infrastructure, and battery disposal issues, are some of the challenges influencing the electric three-wheeler market revenue. Nonetheless, there are opportunities in the progress of technology, expansion of charging networks, and the increasing popularity of EVs in developed and developing areas.

Electric Three-Wheeler Market Trends:

Rising Urbanization and Need for Cost-Effective Transportation

With the rise in urban populations, the need for affordable, efficient, and eco-friendly transportation choices is increasing, particularly in densely populated areas. Electric three-wheelers are a perfect solution for short-distance travel and last-mile connectivity in regions where traffic congestion and pollution are major concerns. These vehicles have reduced operational and maintenance expenses when compared with conventional internal combustion engine vehicles, attracting both individual commuters and commercial fleet operators. The economic advantages, along with the necessity for environment-friendly transportation, are contributing to the electric three-wheeler market growth. Their compact size, zero emissions, and cost-efficiency address the unique challenges of urban mobility, making them increasingly popular. In June 2024, Omega Seiki Mobility released two models of the electric three-wheeler, OSM Stream City ATR with a swappable battery and Stream City 8.5 with a fixed battery, designed for urban mobility.

Collaborative Initiatives and Strategic Partnership

Cooperative efforts and strategic alliances among manufacturers, battery suppliers, technology companies, and government entities are speeding up improvements and distribution of electric three-wheelers. Partnerships and agreements for joint development enable stakeholders to combine resources and knowledge, improving vehicle performance and cutting down on expenses. Collaborative research operations aim to improve battery technology and incorporate essential smart features for market expansion. Partnership between vehicle manufacturers and charging station providers improve the incorporation and accessibility of charging options, which helps overcome a major obstacle to widespread use. These collaborations simplify the production process and establish a favorable environment for electric three-wheelers. Collaboration among all involved parties can help tackle technical and economic obstacles, leading to a more stable and eco-friendly electric three-wheeler industry. In line with the electric three-wheeler market recent developments, in August 2023, Omega Seiki Mobility collaborated with Punjab National Bank (PNB) to improve the availability of retail EVs and simplify financing for electric three-wheelers. The partnership sought to fund another 7,500 electric vehicles (EVs) totaling INR 300 crore in the following three years.

Government Incentives and Environmental Policies

Authorities in numerous countries are implementing strategies to reduce carbon emissions and promote the adoption of sustainable transportation. Government financial support in the form of subsidies, tax breaks, and grants is decreasing the cost and improving the appeal of electric three-wheelers for both manufacturers and buyers. Rules regarding emission standards are also driving traditional combustion engine three-wheeler manufacturers to transition to electric models. They are also making substantial investments in charging infrastructure and providing incentives to fleet operators to encourage the adoption of EVs. These initiatives not only reduce the upfront costs of electric three-wheelers but also enhance user confidence and market adoption. The Government of India launched the Electric Mobility Promotion Scheme 2024 on March 13, 2024, with a budget of INR 500 crore to support 372,215 electric two-wheelers and three-wheelers through subsidies from April 1, 2024, to July 31, 2024. The scheme aimed to speed up the adoption of EVs in these categories.

Electric Three-Wheeler Market Segmentation:

The report provides an analysis of the key electric three-wheeler market trends in each segment, along with forecasts at the global, regional, and country levels for 2024-2032. Our report has categorized the market based on vehicle type, power type, and battery type.

Breakup by Vehicle Type:

Passenger Carrier
Load Carrier

Passenger carrier accounts for the majority of the market share

The report has provided a detailed breakup and analysis of the market based on the vehicle type. This includes passenger carrier and load carrier. According to the report, passenger carrier represented the largest segment.

Passenger carrier holds the largest market share because of the increasing demand for affordable, effective, and eco-friendly transportation options in cities. These vehicles are widely used for short-distance travel and last-mile connectivity, providing a convenient alternative to traditional auto-rickshaws and public transportation systems. The increasing urbanization, along with government incentives and favorable policies are encouraging the adoption of EVs. the publisher projects that by 2032, the market will reach 381.3 million units.

Breakup by Power Type:

Up To 1000W
1000W To 1500W
Above 1500W

1000W to 1500W leads the market, accounting for the largest electric three-wheeler market share

A detailed breakup and analysis of the market based on the power type have also been provided in the report. This includes up to 1000W, 1000W to 1500W, and above 1500W. According to the report, 1000W to 1500W accounted for the largest market share.

1000W to 1500W accounts for the majority of the market share because of its ideal combination of power, efficiency, and cost efficiency. Vehicles in this power range are ideal for city and semi-urban areas, offering enough power to navigate through urban traffic while also being energy efficient. They provide reliable performance for transporting passengers and cargo, making them very versatile and popular with both individuals and commercial operators. The developments in motor and battery technology are improving the performance of electric three-wheelers in this category, resulting in increased range and quicker charging speeds. 1000W to 1500W segment leads the market, addressing the diverse transportation needs of a broad user base.

Breakup by Battery Type:

Lithium-Ion
Lead Acid

Lithium-ion exhibits a clear dominance in the market

A detailed breakup and analysis of the market based on the battery type have also been provided in the report. This includes lithium-ion and lead acid. According to the report, lithium-ion accounted for the largest market share.

Lithium-ion (Li-ion) is the predominant segment as per the electric three-wheeler market outlook. As per the publisher, in 2023, the size of the worldwide Li-ion battery market hit US$ 51.0 Billion. Li-ion batteries are favored for their higher energy density, extended lifespan, and fast charging abilities. These batteries provide improved performance and efficiency, resulting in increased travel range per charge and lower maintenance expenses. Furthermore, the reduced expenses of Li-ion batteries, influenced by technological progress and economies of scale, are allowing electric three-wheeler producers to use them more easily and cost-effectively.

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Asia Pacific holds the largest share of the industry

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific represents the largest regional market for electric three-wheeler.

Asia Pacific dominates the market, mainly due to rapid urbanization, increasing environmental concerns among the public, and favorable government regulations. The rate of urbanization for people living in one place all year increased by more than three times since 1982, reaching 66.2% in 2023, as per the China in Numbers (2023) report by the United Nations Development Programme (UNDP). The large population in the area and increasing desire for cost-effective, effective urban transportation options are driving the electric three-wheeler demand. Government aid and financial support for the adoption of EVs, along with increasing fuel prices, result in electric three-wheelers being a financially efficient option compared to conventional vehicles. Furthermore, with a strong manufacturing foundation and advancements in battery technology, the Asia Pacific region is positioned as the leading player in the global market.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape in the market. Detailed profiles of all major companies have also been provided. Some of the major market players in the industry include Atul Auto Limited, E-Tuk Factory, Goenka Electric Motor Vehicles Private Limited, Jiangsu Jinpeng Group Co. Ltd., Kinetic Green Energy & Power Solutions Ltd., Lohia Auto Industries, Mahindra & Mahindra Limited, Omega Seiki Mobility, Piaggio & C.SpA, Scooters India Limited, and Terra Motors Corporation.

(Please note that this is only a partial list of the key players, and the complete list is provided in the report.)

Electric three-wheeler companies are prioritizing strategic actions like broadening their product offerings, upgrading battery technology, and enhancing vehicle performance in order to solidify their market standings. They are investing in research operations to incorporate advanced features such as smart connectivity and enhanced safety measures in their products. Moreover, these businesses are establishing strategic alliances and partnerships to strengthen their distribution channels and expand into new geographic areas. In 2023, Voi Mobility collaborated with BILITI Electric to test an electric tuk-tuk for managing e-scooters in the UK, enabling transportation solutions for the final mile. BILITI's Taskman e-3W was put into action in Bristol for duties such as changing batteries and upkeep, helping to support an eco-friendly transportation service.

Electric Three-Wheeler Market News:

March 2024: Atul Auto Limited completed a strategic investment of INR 19.99 crore in its subsidiary, Atul Greentech Private Limited (AGPL), securing an 80% stake. This move aimed to strengthen Atul Auto's presence in the EV sector by bolstering AGPL's capabilities in producing electric three-wheelers and providing EV parts and spares.

August 2023: Mahindra Last Mile Mobility launched the Mahindra e-Alfa Super with a 20% increased range, enhanced safety features, and comprehensive warranties. This new e-rickshaw will be the most viable self-employment option for driver partners with its higher range, best-in-class safety and comfort features.

February 2023: Piaggio Vehicles launched the electric three-wheeler Ape Electrik in the Philippines for last-mile mobility. The vehicle will be manufactured at PVPL's Baramati manufacturing facility in Maharashtra.

Key Questions Answered in This Report

1. What was the size of the global electric three-wheeler market in 2023?
2. What is the expected growth rate of the global electric three-wheeler market during 2024-2032?
3. What are the key factors driving the global electric three-wheeler market?
4. What has been the impact of COVID-19 on the global electric three-wheeler market?
5. What is the breakup of the global electric three-wheeler market based on the vehicle type?
6. What is the breakup of the global electric three-wheeler market based on the power type?
7. What is the breakup of the global electric three-wheeler market based on the battery type?
8. What are the key regions in the global electric three-wheeler market?
9. Who are the key players/companies in the global electric three-wheeler market?

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Electric Three-Wheeler Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Vehicle Type
6.1 Passenger Carrier
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Load Carrier
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Power Type
7.1 Up To 1000W
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 1000W To 1500W
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Above 1500W
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by Battery Type
8.1 Lithium-Ion
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Lead Acid
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Atul Auto Limited
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.1.3 Financials
14.3.2 E-Tuk Factory
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.3 Goenka Electric Motor Vehicles Private Limited
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.4 Jiangsu Jinpeng Group Co. Ltd.
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.5 Kinetic Green Energy & Power Solutions Ltd.
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.6 Lohia Auto Industries
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.7 Mahindra & Mahindra Limited
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.8 Omega Seiki Mobility
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.9 Piaggio & C. SpA
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.10 Scooters India Limited
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.10.3 Financials
14.3.11 Terra Motors Corporation
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
List of Figures
Figure 1: Global: Electric Three-Wheeler Market: Major Drivers and Challenges
Figure 2: Global: Electric Three-Wheeler Market: Sales Value (in Million US$), 2018-2023
Figure 3: Global: Electric Three-Wheeler Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 4: Global: Electric Three-Wheeler Market: Breakup by Vehicle Type (in %), 2023
Figure 5: Global: Electric Three-Wheeler Market: Breakup by Power Type (in %), 2023
Figure 6: Global: Electric Three-Wheeler Market: Breakup by Battery Type (in %), 2023
Figure 7: Global: Electric Three-Wheeler Market: Breakup by Region (in %), 2023
Figure 8: Global: Electric Three-Wheeler (Passenger Carrier) Market: Sales Value (in Million US$), 2018 & 2023
Figure 9: Global: Electric Three-Wheeler (Passenger Carrier) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 10: Global: Electric Three-Wheeler (Load Carrier) Market: Sales Value (in Million US$), 2018 & 2023
Figure 11: Global: Electric Three-Wheeler (Load Carrier) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 12: Global: Electric Three-Wheeler (Up To 1000W) Market: Sales Value (in Million US$), 2018 & 2023
Figure 13: Global: Electric Three-Wheeler (Up To 1000W) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 14: Global: Electric Three-Wheeler (1000W To 1500W) Market: Sales Value (in Million US$), 2018 & 2023
Figure 15: Global: Electric Three-Wheeler (1000W To 1500W) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 16: Global: Electric Three-Wheeler (Above 1500W) Market: Sales Value (in Million US$), 2018 & 2023
Figure 17: Global: Electric Three-Wheeler (Above 1500W) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 18: Global: Electric Three-Wheeler (Lithium-Ion) Market: Sales Value (in Million US$), 2018 & 2023
Figure 19: Global: Electric Three-Wheeler (Lithium-Ion) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 20: Global: Electric Three-Wheeler (Lead Acid) Market: Sales Value (in Million US$), 2018 & 2023
Figure 21: Global: Electric Three-Wheeler (Lead Acid) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 22: North America: Electric Three-Wheeler Market: Sales Value (in Million US$), 2018 & 2023
Figure 23: North America: Electric Three-Wheeler Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 24: United States: Electric Three-Wheeler Market: Sales Value (in Million US$), 2018 & 2023
Figure 25: United States: Electric Three-Wheeler Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 26: Canada: Electric Three-Wheeler Market: Sales Value (in Million US$), 2018 & 2023
Figure 27: Canada: Electric Three-Wheeler Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 28: Asia-Pacific: Electric Three-Wheeler Market: Sales Value (in Million US$), 2018 & 2023
Figure 29: Asia-Pacific: Electric Three-Wheeler Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 30: China: Electric Three-Wheeler Market: Sales Value (in Million US$), 2018 & 2023
Figure 31: China: Electric Three-Wheeler Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 32: Japan: Electric Three-Wheeler Market: Sales Value (in Million US$), 2018 & 2023
Figure 33: Japan: Electric Three-Wheeler Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 34: India: Electric Three-Wheeler Market: Sales Value (in Million US$), 2018 & 2023
Figure 35: India: Electric Three-Wheeler Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 36: South Korea: Electric Three-Wheeler Market: Sales Value (in Million US$), 2018 & 2023
Figure 37: South Korea: Electric Three-Wheeler Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 38: Australia: Electric Three-Wheeler Market: Sales Value (in Million US$), 2018 & 2023
Figure 39: Australia: Electric Three-Wheeler Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 40: Indonesia: Electric Three-Wheeler Market: Sales Value (in Million US$), 2018 & 2023
Figure 41: Indonesia: Electric Three-Wheeler Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 42: Others: Electric Three-Wheeler Market: Sales Value (in Million US$), 2018 & 2023
Figure 43: Others: Electric Three-Wheeler Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 44: Europe: Electric Three-Wheeler Market: Sales Value (in Million US$), 2018 & 2023
Figure 45: Europe: Electric Three-Wheeler Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 46: Germany: Electric Three-Wheeler Market: Sales Value (in Million US$), 2018 & 2023
Figure 47: Germany: Electric Three-Wheeler Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 48: France: Electric Three-Wheeler Market: Sales Value (in Million US$), 2018 & 2023
Figure 49: France: Electric Three-Wheeler Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 50: United Kingdom: Electric Three-Wheeler Market: Sales Value (in Million US$), 2018 & 2023
Figure 51: United Kingdom: Electric Three-Wheeler Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 52: Italy: Electric Three-Wheeler Market: Sales Value (in Million US$), 2018 & 2023
Figure 53: Italy: Electric Three-Wheeler Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 54: Spain: Electric Three-Wheeler Market: Sales Value (in Million US$), 2018 & 2023
Figure 55: Spain: Electric Three-Wheeler Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 56: Russia: Electric Three-Wheeler Market: Sales Value (in Million US$), 2018 & 2023
Figure 57: Russia: Electric Three-Wheeler Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 58: Others: Electric Three-Wheeler Market: Sales Value (in Million US$), 2018 & 2023
Figure 59: Others: Electric Three-Wheeler Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 60: Latin America: Electric Three-Wheeler Market: Sales Value (in Million US$), 2018 & 2023
Figure 61: Latin America: Electric Three-Wheeler Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 62: Brazil: Electric Three-Wheeler Market: Sales Value (in Million US$), 2018 & 2023
Figure 63: Brazil: Electric Three-Wheeler Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 64: Mexico: Electric Three-Wheeler Market: Sales Value (in Million US$), 2018 & 2023
Figure 65: Mexico: Electric Three-Wheeler Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 66: Others: Electric Three-Wheeler Market: Sales Value (in Million US$), 2018 & 2023
Figure 67: Others: Electric Three-Wheeler Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 68: Middle East and Africa: Electric Three-Wheeler Market: Sales Value (in Million US$), 2018 & 2023
Figure 69: Middle East and Africa: Electric Three-Wheeler Market: Breakup by Country (in %), 2023
Figure 70: Middle East and Africa: Electric Three-Wheeler Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 71: Global: Electric Three-Wheeler Industry: SWOT Analysis
Figure 72: Global: Electric Three-Wheeler Industry: Value Chain Analysis
Figure 73: Global: Electric Three-Wheeler Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Electric Three-Wheeler Market: Key Industry Highlights, 2023 and 2032
Table 2: Global: Electric Three-Wheeler Market Forecast: Breakup by Vehicle Type (in Million US$), 2024-2032
Table 3: Global: Electric Three-Wheeler Market Forecast: Breakup by Power Type (in Million US$), 2024-2032
Table 4: Global: Electric Three-Wheeler Market Forecast: Breakup by Battery Type (in Million US$), 2024-2032
Table 5: Global: Electric Three-Wheeler Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 6: Global: Electric Three-Wheeler Market: Competitive Structure
Table 7: Global: Electric Three-Wheeler Market: Key Players

Companies Mentioned

  • Atul Auto Limited
  • E-Tuk Factory
  • Goenka Electric Motor Vehicles Private Limited
  • Jiangsu Jinpeng Group Co. Ltd.
  • Kinetic Green Energy & Power Solutions Ltd.
  • Lohia Auto Industries
  • Mahindra & Mahindra Limited
  • Omega Seiki Mobility
  • Piaggio & C.SpA
  • Scooters India Limited
  • Terra Motors Corporation

Methodology

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Table Information