The demand for electric tuk-tuks has significantly increased over the past few years owing to their low running costs, continuously growing global carbon emissions by combustion of fuel, and a significant increase in fuel prices. For instance, the Environmental Protection Agency (EPA) finalized federal greenhouse gas (GHG) emissions standards for vehicles in the U.S. through 2026. The final standards leverage advances in clean car technology to unlock $190 billion in net benefits to Americans, including reducing climate pollution, improving public health, and saving drivers money at the pump.
The factors such as growth in the trend of shared mobility, inclination toward the use of electric tuk-tuks as an eco-friendly & efficient solution for commute, and stringent vehicular emission norms & regulations supplement the growth of the electric tuk-tuks market. However, the lack of standardization of EV charging and the high cost of battery are the factors expected to hamper the growth of the electric tuk-tuks market. In addition, greater availability of credit and financing options and rising fuel prices and new product launches create market opportunities for the key players operating in the electric tuk-tuks market.
For the purpose of analysis, the global electric tuk-tuks market is segmented on the basis of power type, battery type, range, price range, and region. By power type, the market is divided into up to 1000W, 1000W to 1500W, and above 1500W. By battery type, it is fragmented into lithium-ion and lead acid. By range, it is categorized into upto 50KM and more than 50KM. By price range, it is further classified into low to mid and high. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The leading players operating in the electric tuk-tuks market are Arna Electric Auto Private Limited, Bajaj Auto Ltd., E-Tuk Factory, Goenka Electric Motor Vehicles Pvt. Ltd., Green Valley Motors, Hero Electric, Jezza Motors, Kinetic Green Vehicles, KUKU Automotives, Mahindra Electric Mobility Limited, SAERA ELECTRIC AUTO PVT. LTD., SN Solar Energy, Speego Vehicles Co Pvt Limited, SUPERECO, Udaan E Rickshaw, QSD, and Zuperia Auto Pvt. Ltd.
Key Benefits For Stakeholders
- This study presents an analytical depiction of the global electric tuk-tuks market analysis along with current trends and future estimations to depict imminent investment pockets.
- The overall electric tuk-tuks market opportunity is determined by understanding profitable trends to gain a stronger foothold.
- The report presents information related to the key drivers, restraints, and opportunities of the global electric tuk-tuks market with detailed impact analysis.
- The current electric tuk-tuks market is quantitatively analyzed from 2022 to 2031 to benchmark the financial competency.
- Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.
Key Market Segments
By Power Type
- Up to 1000W
- 1000W to 1500W
- Above 1500W
By Battery Type
- Lithium-ion
- Lead Acid
By Range
- Upto 50KM
- More Than 50KM
By Price Range
- Low to Mid
- High
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Italy
- Rest Of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest Of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- Adapt Motors
- AG International Pvt. Ltd.
- Arna Electric Auto Private Limited
- BABA E-Rickshaw
- E-TUK Factory
- Gayatri Electric Vehicles
- Goenka Electric Motor Vehicles Private Limited
- Hongsengmeng Group Co., Ltd.
- J.S. Auto Pvt. Ltd.
- Kinetic Green Vehicles
- Mahindra Electric Mobility Limited
- Mini Metro EV LLP
- Singham (U.P. Telelinks Limited)
- SN Solar Energy
- Terra Motors India
- Victory Electric Vehicles International Limited
- Zuperia Auto Pvt. Ltd.
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Table of Contents
CHAPTER 1: INTRODUCTION1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market
CHAPTER 4: ELECTRIC TUK-TUKS MARKET, BY POWER TYPE
4.1 Overview
4.1.1 Market size and forecast
4.2 Up to 1000W
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 1000W to 1500W
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country
4.4 Above 1500W
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market analysis by country
CHAPTER 5: ELECTRIC TUK-TUKS MARKET, BY BATTERY TYPE
5.1 Overview
5.1.1 Market size and forecast
5.2 Lithium-ion
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3 Lead Acid
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country
CHAPTER 6: ELECTRIC TUK-TUKS MARKET, BY RANGE
6.1 Overview
6.1.1 Market size and forecast
6.2 Upto 50KM
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market analysis by country
6.3 More Than 50KM
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market analysis by country
CHAPTER 7: ELECTRIC TUK-TUKS MARKET, BY PRICE RANGE
7.1 Overview
7.1.1 Market size and forecast
7.2 Low to Mid
7.2.1 Key market trends, growth factors and opportunities
7.2.2 Market size and forecast, by region
7.2.3 Market analysis by country
7.3 High
7.3.1 Key market trends, growth factors and opportunities
7.3.2 Market size and forecast, by region
7.3.3 Market analysis by country
CHAPTER 8: ELECTRIC TUK-TUKS MARKET, BY REGION
8.1 Overview
8.1.1 Market size and forecast
8.2 North America
8.2.1 Key trends and opportunities
8.2.2 North America Market size and forecast, by Power Type
8.2.3 North America Market size and forecast, by Battery Type
8.2.4 North America Market size and forecast, by Range
8.2.5 North America Market size and forecast, by Price Range
8.2.6 North America Market size and forecast, by country
8.2.6.1 U.S.
8.2.6.1.1 Market size and forecast, by Power Type
8.2.6.1.2 Market size and forecast, by Battery Type
8.2.6.1.3 Market size and forecast, by Range
8.2.6.1.4 Market size and forecast, by Price Range
8.2.6.2 Canada
8.2.6.2.1 Market size and forecast, by Power Type
8.2.6.2.2 Market size and forecast, by Battery Type
8.2.6.2.3 Market size and forecast, by Range
8.2.6.2.4 Market size and forecast, by Price Range
8.2.6.3 Mexico
8.2.6.3.1 Market size and forecast, by Power Type
8.2.6.3.2 Market size and forecast, by Battery Type
8.2.6.3.3 Market size and forecast, by Range
8.2.6.3.4 Market size and forecast, by Price Range
8.3 Europe
8.3.1 Key trends and opportunities
8.3.2 Europe Market size and forecast, by Power Type
8.3.3 Europe Market size and forecast, by Battery Type
8.3.4 Europe Market size and forecast, by Range
8.3.5 Europe Market size and forecast, by Price Range
8.3.6 Europe Market size and forecast, by country
8.3.6.1 UK
8.3.6.1.1 Market size and forecast, by Power Type
8.3.6.1.2 Market size and forecast, by Battery Type
8.3.6.1.3 Market size and forecast, by Range
8.3.6.1.4 Market size and forecast, by Price Range
8.3.6.2 Germany
8.3.6.2.1 Market size and forecast, by Power Type
8.3.6.2.2 Market size and forecast, by Battery Type
8.3.6.2.3 Market size and forecast, by Range
8.3.6.2.4 Market size and forecast, by Price Range
8.3.6.3 France
8.3.6.3.1 Market size and forecast, by Power Type
8.3.6.3.2 Market size and forecast, by Battery Type
8.3.6.3.3 Market size and forecast, by Range
8.3.6.3.4 Market size and forecast, by Price Range
8.3.6.4 Italy
8.3.6.4.1 Market size and forecast, by Power Type
8.3.6.4.2 Market size and forecast, by Battery Type
8.3.6.4.3 Market size and forecast, by Range
8.3.6.4.4 Market size and forecast, by Price Range
8.3.6.5 Rest of Europe
8.3.6.5.1 Market size and forecast, by Power Type
8.3.6.5.2 Market size and forecast, by Battery Type
8.3.6.5.3 Market size and forecast, by Range
8.3.6.5.4 Market size and forecast, by Price Range
8.4 Asia-Pacific
8.4.1 Key trends and opportunities
8.4.2 Asia-Pacific Market size and forecast, by Power Type
8.4.3 Asia-Pacific Market size and forecast, by Battery Type
8.4.4 Asia-Pacific Market size and forecast, by Range
8.4.5 Asia-Pacific Market size and forecast, by Price Range
8.4.6 Asia-Pacific Market size and forecast, by country
8.4.6.1 China
8.4.6.1.1 Market size and forecast, by Power Type
8.4.6.1.2 Market size and forecast, by Battery Type
8.4.6.1.3 Market size and forecast, by Range
8.4.6.1.4 Market size and forecast, by Price Range
8.4.6.2 Japan
8.4.6.2.1 Market size and forecast, by Power Type
8.4.6.2.2 Market size and forecast, by Battery Type
8.4.6.2.3 Market size and forecast, by Range
8.4.6.2.4 Market size and forecast, by Price Range
8.4.6.3 India
8.4.6.3.1 Market size and forecast, by Power Type
8.4.6.3.2 Market size and forecast, by Battery Type
8.4.6.3.3 Market size and forecast, by Range
8.4.6.3.4 Market size and forecast, by Price Range
8.4.6.4 South Korea
8.4.6.4.1 Market size and forecast, by Power Type
8.4.6.4.2 Market size and forecast, by Battery Type
8.4.6.4.3 Market size and forecast, by Range
8.4.6.4.4 Market size and forecast, by Price Range
8.4.6.5 Rest of Asia-Pacific
8.4.6.5.1 Market size and forecast, by Power Type
8.4.6.5.2 Market size and forecast, by Battery Type
8.4.6.5.3 Market size and forecast, by Range
8.4.6.5.4 Market size and forecast, by Price Range
8.5 LAMEA
8.5.1 Key trends and opportunities
8.5.2 LAMEA Market size and forecast, by Power Type
8.5.3 LAMEA Market size and forecast, by Battery Type
8.5.4 LAMEA Market size and forecast, by Range
8.5.5 LAMEA Market size and forecast, by Price Range
8.5.6 LAMEA Market size and forecast, by country
8.5.6.1 Latin America
8.5.6.1.1 Market size and forecast, by Power Type
8.5.6.1.2 Market size and forecast, by Battery Type
8.5.6.1.3 Market size and forecast, by Range
8.5.6.1.4 Market size and forecast, by Price Range
8.5.6.2 Middle East
8.5.6.2.1 Market size and forecast, by Power Type
8.5.6.2.2 Market size and forecast, by Battery Type
8.5.6.2.3 Market size and forecast, by Range
8.5.6.2.4 Market size and forecast, by Price Range
8.5.6.3 Africa
8.5.6.3.1 Market size and forecast, by Power Type
8.5.6.3.2 Market size and forecast, by Battery Type
8.5.6.3.3 Market size and forecast, by Range
8.5.6.3.4 Market size and forecast, by Price Range
CHAPTER 9: COMPANY LANDSCAPE
9.1. Introduction
9.2. Top winning strategies
9.3. Product Mapping of Top 10 Player
9.4. Competitive Dashboard
9.5. Competitive Heatmap
9.6. Key developments
CHAPTER 10: COMPANY PROFILES
10.1 Adapt Motors
10.1.1 Company overview
10.1.2 Company snapshot
10.1.3 Operating business segments
10.1.4 Product portfolio
10.1.5 Business performance
10.1.6 Key strategic moves and developments
10.2 AG International Pvt. Ltd.
10.2.1 Company overview
10.2.2 Company snapshot
10.2.3 Operating business segments
10.2.4 Product portfolio
10.2.5 Business performance
10.2.6 Key strategic moves and developments
10.3 Arna Electric Auto Private Limited
10.3.1 Company overview
10.3.2 Company snapshot
10.3.3 Operating business segments
10.3.4 Product portfolio
10.3.5 Business performance
10.3.6 Key strategic moves and developments
10.4 BABA E-Rickshaw
10.4.1 Company overview
10.4.2 Company snapshot
10.4.3 Operating business segments
10.4.4 Product portfolio
10.4.5 Business performance
10.4.6 Key strategic moves and developments
10.5 E-TUK Factory
10.5.1 Company overview
10.5.2 Company snapshot
10.5.3 Operating business segments
10.5.4 Product portfolio
10.5.5 Business performance
10.5.6 Key strategic moves and developments
10.6 Gayatri Electric Vehicles
10.6.1 Company overview
10.6.2 Company snapshot
10.6.3 Operating business segments
10.6.4 Product portfolio
10.6.5 Business performance
10.6.6 Key strategic moves and developments
10.7 Goenka Electric Motor Vehicles Private Limited
10.7.1 Company overview
10.7.2 Company snapshot
10.7.3 Operating business segments
10.7.4 Product portfolio
10.7.5 Business performance
10.7.6 Key strategic moves and developments
10.8 Hongsengmeng Group Co., Ltd.
10.8.1 Company overview
10.8.2 Company snapshot
10.8.3 Operating business segments
10.8.4 Product portfolio
10.8.5 Business performance
10.8.6 Key strategic moves and developments
10.9 J. S. Auto Pvt. Ltd.
10.9.1 Company overview
10.9.2 Company snapshot
10.9.3 Operating business segments
10.9.4 Product portfolio
10.9.5 Business performance
10.9.6 Key strategic moves and developments
10.10 Kinetic Green Vehicles
10.10.1 Company overview
10.10.2 Company snapshot
10.10.3 Operating business segments
10.10.4 Product portfolio
10.10.5 Business performance
10.10.6 Key strategic moves and developments
10.11 Mahindra Electric Mobility Limited
10.11.1 Company overview
10.11.2 Company snapshot
10.11.3 Operating business segments
10.11.4 Product portfolio
10.11.5 Business performance
10.11.6 Key strategic moves and developments
10.12 Mini Metro EV LLP
10.12.1 Company overview
10.12.2 Company snapshot
10.12.3 Operating business segments
10.12.4 Product portfolio
10.12.5 Business performance
10.12.6 Key strategic moves and developments
10.13 Singham (U. P. Telelinks Limited)
10.13.1 Company overview
10.13.2 Company snapshot
10.13.3 Operating business segments
10.13.4 Product portfolio
10.13.5 Business performance
10.13.6 Key strategic moves and developments
10.14 SN Solar Energy
10.14.1 Company overview
10.14.2 Company snapshot
10.14.3 Operating business segments
10.14.4 Product portfolio
10.14.5 Business performance
10.14.6 Key strategic moves and developments
10.15 Terra Motors India
10.15.1 Company overview
10.15.2 Company snapshot
10.15.3 Operating business segments
10.15.4 Product portfolio
10.15.5 Business performance
10.15.6 Key strategic moves and developments
10.16 Victory Electric Vehicles International Limited
10.16.1 Company overview
10.16.2 Company snapshot
10.16.3 Operating business segments
10.16.4 Product portfolio
10.16.5 Business performance
10.16.6 Key strategic moves and developments
10.17 Zuperia Auto Pvt. Ltd.
10.17.1 Company overview
10.17.2 Company snapshot
10.17.3 Operating business segments
10.17.4 Product portfolio
10.17.5 Business performance
10.17.6 Key strategic moves and developments
List of Tables
Table 1. Global Electric Tuk-Tuks Market, by Power Type, 2021-2031 ($Thousand)
Table 2. Electric Tuk-Tuks Market, for Up to 1000W, by Region, 2021-2031 ($Thousand)
Table 3. Electric Tuk-Tuks Market for Up to 1000W, by Country, 2021-2031 ($Thousand)
Table 4. Electric Tuk-Tuks Market, for 1000W to 1500W, by Region, 2021-2031 ($Thousand)
Table 5. Electric Tuk-Tuks Market for 1000W to 1500W, by Country, 2021-2031 ($Thousand)
Table 6. Electric Tuk-Tuks Market, for Above 1500W, by Region, 2021-2031 ($Thousand)
Table 7. Electric Tuk-Tuks Market for Above 1500W, by Country, 2021-2031 ($Thousand)
Table 8. Global Electric Tuk-Tuks Market, by Battery Type, 2021-2031 ($Thousand)
Table 9. Electric Tuk-Tuks Market, for Lithium-Ion, by Region, 2021-2031 ($Thousand)
Table 10. Electric Tuk-Tuks Market for Lithium-Ion, by Country, 2021-2031 ($Thousand)
Table 11. Electric Tuk-Tuks Market, for Lead Acid, by Region, 2021-2031 ($Thousand)
Table 12. Electric Tuk-Tuks Market for Lead Acid, by Country, 2021-2031 ($Thousand)
Table 13. Global Electric Tuk-Tuks Market, by Range, 2021-2031 ($Thousand)
Table 14. Electric Tuk-Tuks Market, for Upto 50Km, by Region, 2021-2031 ($Thousand)
Table 15. Electric Tuk-Tuks Market for Upto 50Km, by Country, 2021-2031 ($Thousand)
Table 16. Electric Tuk-Tuks Market, for More Than 50Km, by Region, 2021-2031 ($Thousand)
Table 17. Electric Tuk-Tuks Market for More Than 50Km, by Country, 2021-2031 ($Thousand)
Table 18. Global Electric Tuk-Tuks Market, by Price Range, 2021-2031 ($Thousand)
Table 19. Electric Tuk-Tuks Market, for Low to Mid, by Region, 2021-2031 ($Thousand)
Table 20. Electric Tuk-Tuks Market for Low to Mid, by Country, 2021-2031 ($Thousand)
Table 21. Electric Tuk-Tuks Market, for High, by Region, 2021-2031 ($Thousand)
Table 22. Electric Tuk-Tuks Market for High, by Country, 2021-2031 ($Thousand)
Table 23. Electric Tuk-Tuks Market, by Region, 2021-2031 ($Thousand)
Table 24. North America Electric Tuk-Tuks Market, by Power Type, 2021-2031 ($Thousand)
Table 25. North America Electric Tuk-Tuks Market, by Battery Type, 2021-2031 ($Thousand)
Table 26. North America Electric Tuk-Tuks Market, by Range, 2021-2031 ($Thousand)
Table 27. North America Electric Tuk-Tuks Market, by Price Range, 2021-2031 ($Thousand)
Table 28. North America Electric Tuk-Tuks Market, by Country, 2021-2031 ($Thousand)
Table 29. U.S. Electric Tuk-Tuks Market, by Power Type, 2021-2031 ($Thousand)
Table 30. U.S. Electric Tuk-Tuks Market, by Battery Type, 2021-2031 ($Thousand)
Table 31. U.S. Electric Tuk-Tuks Market, by Range, 2021-2031 ($Thousand)
Table 32. U.S. Electric Tuk-Tuks Market, by Price Range, 2021-2031 ($Thousand)
Table 33. Canada Electric Tuk-Tuks Market, by Power Type, 2021-2031 ($Thousand)
Table 34. Canada Electric Tuk-Tuks Market, by Battery Type, 2021-2031 ($Thousand)
Table 35. Canada Electric Tuk-Tuks Market, by Range, 2021-2031 ($Thousand)
Table 36. Canada Electric Tuk-Tuks Market, by Price Range, 2021-2031 ($Thousand)
Table 37. Mexico Electric Tuk-Tuks Market, by Power Type, 2021-2031 ($Thousand)
Table 38. Mexico Electric Tuk-Tuks Market, by Battery Type, 2021-2031 ($Thousand)
Table 39. Mexico Electric Tuk-Tuks Market, by Range, 2021-2031 ($Thousand)
Table 40. Mexico Electric Tuk-Tuks Market, by Price Range, 2021-2031 ($Thousand)
Table 41. Europe Electric Tuk-Tuks Market, by Power Type, 2021-2031 ($Thousand)
Table 42. Europe Electric Tuk-Tuks Market, by Battery Type, 2021-2031 ($Thousand)
Table 43. Europe Electric Tuk-Tuks Market, by Range, 2021-2031 ($Thousand)
Table 44. Europe Electric Tuk-Tuks Market, by Price Range, 2021-2031 ($Thousand)
Table 45. Europe Electric Tuk-Tuks Market, by Country, 2021-2031 ($Thousand)
Table 46. UK Electric Tuk-Tuks Market, by Power Type, 2021-2031 ($Thousand)
Table 47. UK Electric Tuk-Tuks Market, by Battery Type, 2021-2031 ($Thousand)
Table 48. UK Electric Tuk-Tuks Market, by Range, 2021-2031 ($Thousand)
Table 49. UK Electric Tuk-Tuks Market, by Price Range, 2021-2031 ($Thousand)
Table 50. Germany Electric Tuk-Tuks Market, by Power Type, 2021-2031 ($Thousand)
Table 51. Germany Electric Tuk-Tuks Market, by Battery Type, 2021-2031 ($Thousand)
Table 52. Germany Electric Tuk-Tuks Market, by Range, 2021-2031 ($Thousand)
Table 53. Germany Electric Tuk-Tuks Market, by Price Range, 2021-2031 ($Thousand)
Table 54. France Electric Tuk-Tuks Market, by Power Type, 2021-2031 ($Thousand)
Table 55. France Electric Tuk-Tuks Market, by Battery Type, 2021-2031 ($Thousand)
Table 56. France Electric Tuk-Tuks Market, by Range, 2021-2031 ($Thousand)
Table 57. France Electric Tuk-Tuks Market, by Price Range, 2021-2031 ($Thousand)
Table 58. Italy Electric Tuk-Tuks Market, by Power Type, 2021-2031 ($Thousand)
Table 59. Italy Electric Tuk-Tuks Market, by Battery Type, 2021-2031 ($Thousand)
Table 60. Italy Electric Tuk-Tuks Market, by Range, 2021-2031 ($Thousand)
Table 61. Italy Electric Tuk-Tuks Market, by Price Range, 2021-2031 ($Thousand)
Table 62. Rest of Europe Electric Tuk-Tuks Market, by Power Type, 2021-2031 ($Thousand)
Table 63. Rest of Europe Electric Tuk-Tuks Market, by Battery Type, 2021-2031 ($Thousand)
Table 64. Rest of Europe Electric Tuk-Tuks Market, by Range, 2021-2031 ($Thousand)
Table 65. Rest of Europe Electric Tuk-Tuks Market, by Price Range, 2021-2031 ($Thousand)
Table 66. Asia-Pacific Electric Tuk-Tuks Market, by Power Type, 2021-2031 ($Thousand)
Table 67. Asia-Pacific Electric Tuk-Tuks Market, by Battery Type, 2021-2031 ($Thousand)
Table 68. Asia-Pacific Electric Tuk-Tuks Market, by Range, 2021-2031 ($Thousand)
Table 69. Asia-Pacific Electric Tuk-Tuks Market, by Price Range, 2021-2031 ($Thousand)
Table 70. Asia-Pacific Electric Tuk-Tuks Market, by Country, 2021-2031 ($Thousand)
Table 71. China Electric Tuk-Tuks Market, by Power Type, 2021-2031 ($Thousand)
Table 72. China Electric Tuk-Tuks Market, by Battery Type, 2021-2031 ($Thousand)
Table 73. China Electric Tuk-Tuks Market, by Range, 2021-2031 ($Thousand)
Table 74. China Electric Tuk-Tuks Market, by Price Range, 2021-2031 ($Thousand)
Table 75. Japan Electric Tuk-Tuks Market, by Power Type, 2021-2031 ($Thousand)
Table 76. Japan Electric Tuk-Tuks Market, by Battery Type, 2021-2031 ($Thousand)
Table 77. Japan Electric Tuk-Tuks Market, by Range, 2021-2031 ($Thousand)
Table 78. Japan Electric Tuk-Tuks Market, by Price Range, 2021-2031 ($Thousand)
Table 79. India Electric Tuk-Tuks Market, by Power Type, 2021-2031 ($Thousand)
Table 80. India Electric Tuk-Tuks Market, by Battery Type, 2021-2031 ($Thousand)
Table 81. India Electric Tuk-Tuks Market, by Range, 2021-2031 ($Thousand)
Table 82. India Electric Tuk-Tuks Market, by Price Range, 2021-2031 ($Thousand)
Table 83. South Korea Electric Tuk-Tuks Market, by Power Type, 2021-2031 ($Thousand)
Table 84. South Korea Electric Tuk-Tuks Market, by Battery Type, 2021-2031 ($Thousand)
Table 85. South Korea Electric Tuk-Tuks Market, by Range, 2021-2031 ($Thousand)
Table 86. South Korea Electric Tuk-Tuks Market, by Price Range, 2021-2031 ($Thousand)
Table 87. Rest of Asia-Pacific Electric Tuk-Tuks Market, by Power Type, 2021-2031 ($Thousand)
Table 88. Rest of Asia-Pacific Electric Tuk-Tuks Market, by Battery Type, 2021-2031 ($Thousand)
Table 89. Rest of Asia-Pacific Electric Tuk-Tuks Market, by Range, 2021-2031 ($Thousand)
Table 90. Rest of Asia-Pacific Electric Tuk-Tuks Market, by Price Range, 2021-2031 ($Thousand)
Table 91. LAMEA Electric Tuk-Tuks Market, by Power Type, 2021-2031 ($Thousand)
Table 92. LAMEA Electric Tuk-Tuks Market, by Battery Type, 2021-2031 ($Thousand)
Table 93. LAMEA Electric Tuk-Tuks Market, by Range, 2021-2031 ($Thousand)
Table 94. LAMEA Electric Tuk-Tuks Market, by Price Range, 2021-2031 ($Thousand)
Table 95. LAMEA Electric Tuk-Tuks Market, by Country, 2021-2031 ($Thousand)
Table 96. Latin America Electric Tuk-Tuks Market, by Power Type, 2021-2031 ($Thousand)
Table 97. Latin America Electric Tuk-Tuks Market, by Battery Type, 2021-2031 ($Thousand)
Table 98. Latin America Electric Tuk-Tuks Market, by Range, 2021-2031 ($Thousand)
Table 99. Latin America Electric Tuk-Tuks Market, by Price Range, 2021-2031 ($Thousand)
Table 100. Middle East Electric Tuk-Tuks Market, by Power Type, 2021-2031 ($Thousand)
Table 101. Middle East Electric Tuk-Tuks Market, by Battery Type, 2021-2031 ($Thousand)
Table 102. Middle East Electric Tuk-Tuks Market, by Range, 2021-2031 ($Thousand)
Table 103. Middle East Electric Tuk-Tuks Market, by Price Range, 2021-2031 ($Thousand)
Table 104. Africa Electric Tuk-Tuks Market, by Power Type, 2021-2031 ($Thousand)
Table 105. Africa Electric Tuk-Tuks Market, by Battery Type, 2021-2031 ($Thousand)
Table 106. Africa Electric Tuk-Tuks Market, by Range, 2021-2031 ($Thousand)
Table 107. Africa Electric Tuk-Tuks Market, by Price Range, 2021-2031 ($Thousand)
Table 108. Adapt Motors: Company Snapshot
Table 109. Adapt Motors: Operating Segments
Table 110. Adapt Motors: Product Portfolio
Table 111. Adapt Motors: Net Sales
Table 112. Adapt Motors: Key Strategies
Table 113. AG International Pvt. Ltd.: Company Snapshot
Table 114. AG International Pvt. Ltd.: Operating Segments
Table 115. AG International Pvt. Ltd.: Product Portfolio
Table 116. AG International Pvt. Ltd.: Net Sales
Table 117. AG International Pvt. Ltd.: Key Strategies
Table 118. Arna Electric Auto Private Limited: Company Snapshot
Table 119. Arna Electric Auto Private Limited: Operating Segments
Table 120. Arna Electric Auto Private Limited: Product Portfolio
Table 121. Arna Electric Auto Private Limited: Net Sales
Table 122. Arna Electric Auto Private Limited: Key Strategies
Table 123. Baba E-Rickshaw: Company Snapshot
Table 124. Baba E-Rickshaw: Operating Segments
Table 125. Baba E-Rickshaw: Product Portfolio
Table 126. Baba E-Rickshaw: Net Sales
Table 127. Baba E-Rickshaw: Key Strategies
Table 128. E-Tuk Factory: Company Snapshot
Table 129. E-Tuk Factory: Operating Segments
Table 130. E-Tuk Factory: Product Portfolio
Table 131. E-Tuk Factory: Net Sales
Table 132. E-Tuk Factory: Key Strategies
Table 133. Gayatri Electric Vehicles: Company Snapshot
Table 134. Gayatri Electric Vehicles: Operating Segments
Table 135. Gayatri Electric Vehicles: Product Portfolio
Table 136. Gayatri Electric Vehicles: Net Sales
Table 137. Gayatri Electric Vehicles: Key Strategies
Table 138. Goenka Electric Motor Vehicles Private Limited: Company Snapshot
Table 139. Goenka Electric Motor Vehicles Private Limited: Operating Segments
Table 140. Goenka Electric Motor Vehicles Private Limited: Product Portfolio
Table 141. Goenka Electric Motor Vehicles Private Limited: Net Sales
Table 142. Goenka Electric Motor Vehicles Private Limited: Key Strategies
Table 143. Hongsengmeng Group Co. Ltd.: Company Snapshot
Table 144. Hongsengmeng Group Co. Ltd.: Operating Segments
Table 145. Hongsengmeng Group Co. Ltd.: Product Portfolio
Table 146. Hongsengmeng Group Co. Ltd.: Net Sales
Table 147. Hongsengmeng Group Co. Ltd.: Key Strategies
Table 148. J. S. Auto Pvt. Ltd.: Company Snapshot
Table 149. J. S. Auto Pvt. Ltd.: Operating Segments
Table 150. J. S. Auto Pvt. Ltd.: Product Portfolio
Table 151. J. S. Auto Pvt. Ltd.: Net Sales
Table 152. J. S. Auto Pvt. Ltd.: Key Strategies
Table 153. Kinetic Green Vehicles: Company Snapshot
Table 154. Kinetic Green Vehicles: Operating Segments
Table 155. Kinetic Green Vehicles: Product Portfolio
Table 156. Kinetic Green Vehicles: Net Sales
Table 157. Kinetic Green Vehicles: Key Strategies
Table 158. Mahindra Electric Mobility Limited: Company Snapshot
Table 159. Mahindra Electric Mobility Limited: Operating Segments
Table 160. Mahindra Electric Mobility Limited: Product Portfolio
Table 161. Mahindra Electric Mobility Limited: Net Sales
Table 162. Mahindra Electric Mobility Limited: Key Strategies
Table 163. Mini Metro EV Llp: Company Snapshot
Table 164. Mini Metro EV Llp: Operating Segments
Table 165. Mini Metro EV Llp: Product Portfolio
Table 166. Mini Metro EV Llp: Net Sales
Table 167. Mini Metro EV Llp: Key Strategies
Table 168. Singham (U. P. Telelinks Limited): Company Snapshot
Table 169. Singham (U. P. Telelinks Limited): Operating Segments
Table 170. Singham (U. P. Telelinks Limited): Product Portfolio
Table 171. Singham (U. P. Telelinks Limited): Net Sales
Table 172. Singham (U. P. Telelinks Limited): Key Strategies
Table 173. Sn Solar Energy: Company Snapshot
Table 174. Sn Solar Energy: Operating Segments
Table 175. Sn Solar Energy: Product Portfolio
Table 176. Sn Solar Energy: Net Sales
Table 177. Sn Solar Energy: Key Strategies
Table 178. Terra Motors India: Company Snapshot
Table 179. Terra Motors India: Operating Segments
Table 180. Terra Motors India: Product Portfolio
Table 181. Terra Motors India: Net Sales
Table 182. Terra Motors India: Key Strategies
Table 183. Victory Electric Vehicles International Limited: Company Snapshot
Table 184. Victory Electric Vehicles International Limited: Operating Segments
Table 185. Victory Electric Vehicles International Limited: Product Portfolio
Table 186. Victory Electric Vehicles International Limited: Net Sales
Table 187. Victory Electric Vehicles International Limited: Key Strategies
Table 188. Zuperia Auto Pvt. Ltd.: Company Snapshot
Table 189. Zuperia Auto Pvt. Ltd.: Operating Segments
Table 190. Zuperia Auto Pvt. Ltd.: Product Portfolio
Table 191. Zuperia Auto Pvt. Ltd.: Net Sales
Table 192. Zuperia Auto Pvt. Ltd.: Key Strategies
List of Figures
Figure 1. Electric Tuk-Tuks Market Segmentation
Figure 2. Electric Tuk-Tuks Market, 2021-2031
Figure 3. Electric Tuk-Tuks Market, 2021-2031
Figure 4. Top Investment Pockets, by Region
Figure 5. Porter Five-1
Figure 6. Porter Five-2
Figure 7. Porter Five-3
Figure 8. Porter Five-4
Figure 9. Porter Five-5
Figure 10. Top Player Positioning
Figure 11. Electric Tuk-Tuks Mark.:Drivers, Restraints and Opportunities
Figure 12. Electric Tuk-Tuks Market, By Power Type, 2021(%)
Figure 13. Comparative Share Analysis of Up to 1000W Electric Tuk-Tuks Market, 2021-2031(%)
Figure 14. Comparative Share Analysis of 1000W to 1500W Electric Tuk-Tuks Market, 2021-2031(%)
Figure 15. Comparative Share Analysis of Above 1500W Electric Tuk-Tuks Market, 2021-2031(%)
Figure 16. Electric Tuk-Tuks Market, By Battery Type, 2021(%)
Figure 17. Comparative Share Analysis of Lithium-Ion Electric Tuk-Tuks Market, 2021-2031(%)
Figure 18. Comparative Share Analysis of Lead Acid Electric Tuk-Tuks Market, 2021-2031(%)
Figure 19. Electric Tuk-Tuks Market, By Range, 2021(%)
Figure 20. Comparative Share Analysis of Upto 50Km Electric Tuk-Tuks Market, 2021-2031(%)
Figure 21. Comparative Share Analysis of More Than 50Km Electric Tuk-Tuks Market, 2021-2031(%)
Figure 22. Electric Tuk-Tuks Market, By Price Range, 2021(%)
Figure 23. Comparative Share Analysis of Low to Mid Electric Tuk-Tuks Market, 2021-2031(%)
Figure 24. Comparative Share Analysis of High Electric Tuk-Tuks Market, 2021-2031(%)
Figure 25. Electric Tuk-Tuks Market by Region, 2021
Figure 26. U.S. Electric Tuk-Tuks Market, 2021-2031($Thousand)
Figure 27. Canada Electric Tuk-Tuks Market, 2021-2031($Thousand)
Figure 28. Mexico Electric Tuk-Tuks Market, 2021-2031($Thousand)
Figure 29. Uk Electric Tuk-Tuks Market, 2021-2031($Thousand)
Figure 30. Germany Electric Tuk-Tuks Market, 2021-2031($Thousand)
Figure 31. France Electric Tuk-Tuks Market, 2021-2031($Thousand)
Figure 32. Italy Electric Tuk-Tuks Market, 2021-2031($Thousand)
Figure 33. Rest of Europe Electric Tuk-Tuks Market, 2021-2031($Thousand)
Figure 34. China Electric Tuk-Tuks Market, 2021-2031($Thousand)
Figure 35. Japan Electric Tuk-Tuks Market, 2021-2031($Thousand)
Figure 36. India Electric Tuk-Tuks Market, 2021-2031($Thousand)
Figure 37. South Korea Electric Tuk-Tuks Market, 2021-2031($Thousand)
Figure 38. Rest of Asia-Pacific Electric Tuk-Tuks Market, 2021-2031($Thousand)
Figure 39. Latin America Electric Tuk-Tuks Market, 2021-2031($Thousand)
Figure 40. Middle East Electric Tuk-Tuks Market, 2021-2031($Thousand)
Figure 41. Africa Electric Tuk-Tuks Market, 2021-2031($Thousand)
Figure 42. Top Winning Strategies, by Year
Figure 43. Top Winning Strategies, by Development
Figure 44. Top Winning Strategies, by Company
Figure 45. Product Mapping of Top 10 Players
Figure 46. Competitive Dashboard
Figure 47. Competitive Heatmap of Top 10 Key Players
Figure 48. Adapt Motor.: Net Sales, ($Thousand)
Figure 49. Ag International Pvt. Ltd.: Net Sales, ($Thousand)
Figure 50. Arna Electric Auto Private Limite.: Net Sales, ($Thousand)
Figure 51. Baba E-Ricksha.: Net Sales, ($Thousand)
Figure 52. E-Tuk Factor.: Net Sales, ($Thousand)
Figure 53. Gayatri Electric Vehicle.: Net Sales, ($Thousand)
Figure 54. Goenka Electric Motor Vehicles Private Limite.: Net Sales, ($Thousand)
Figure 55. Hongsengmeng Group Co. Ltd.: Net Sales, ($Thousand)
Figure 56. J.S. Auto Pvt. Ltd.: Net Sales, ($Thousand)
Figure 57. Kinetic Green Vehicle.: Net Sales, ($Thousand)
Figure 58. Mahindra Electric Mobility Limite.: Net Sales, ($Thousand)
Figure 59. Mini Metro Ev Ll.: Net Sales, ($Thousand)
Figure 60. Singham (U.P. Telelinks Limited.: Net Sales, ($Thousand)
Figure 61. Sn Solar Energ.: Net Sales, ($Thousand)
Figure 62. Terra Motors Indi.: Net Sales, ($Thousand)
Figure 63. Victory Electric Vehicles International Limite.: Net Sales, ($Thousand)
Figure 64. Zuperia Auto Pvt. Ltd.: Net Sales, ($Thousand)
Executive Summary
According to the report, “Electric Tuk-tuks Market," the electric tuk-tuks market was valued at $461.1 million in 2021, and is estimated to reach $843.5 million by 2031, growing at a CAGR of 6.2% from 2022 to 2031.The concept of electric tuk-tuks is typically attributed to the transportation options that use a propulsion technology that does not produce internal combustion engine exhaust or other carbon emissions when it operates. It utilizes a battery and an electric powertrain to propel the vehicle. The electric tuk-tuks are primarily electric three-wheelers used to load goods or carry passengers. At present, continuously growing global carbon emission by combustion of fuel has been one of the foremost concerns for governments and environmentalists for the past few years, which as a result, bolsters the demand for electric tuk-tuks across the globe for daily commute by passengers; thereby, supplementing the growth of the market. For instance, in June 2022, Audi launched an e-rickshaw (electric tuk-tuk) for the Indian market in collaboration with Indian non-profit battery startup Nunam. It is alleged that the design uses environmentally friendly materials based on recycled materials, and the battery is reliably protected from moisture.
In addition, the electric tuk-tuks market has witnessed significant growth in recent years, owing to the increased demand for improved vehicle performance and the inclination of consumers towards environment-friendly vehicles. Hence, governments of various countries are supporting the adoption of electric tuk-tuks by introducing various incentive plans in terms of tax credits and incentives. For instance, in June 2019, the Indian Government announced a plan to lower the goods & service tax (GST) on electric vehicles from 12% to 5% to reinforce the adoption rate of electric three-wheeler (tuk-tuks).
The factors such as growth in the trend of shared mobility, inclination toward the use of electric tuk-tuks as an eco-friendly & efficient solution for commute, and stringent vehicular emission norms & regulations supplement the growth of the electric tuk-tuks market. However, the lack of standardization of EV charging and the high cost of battery are the factors expected to hamper the growth of the electric tuk-tuks market. In addition, greater availability of credit and financing options and rise in fuel prices and new product launches create market opportunities for the key players operating in the electric tuk-tuks market.
COVID-19 Impact Analysis:
Numerous companies operating in the automotive industry have stepped up by reconfiguring their supply chain, production, and services for the delivery of critical medical supplies. For instance, India’s largest automaker, Maruti Suzuki, collaborated with Nigen Equipment Pvt Ltd and SAM Gas Projects Pvt Ltd to produce more oxygen to meet the demand. Bajaj Auto, a market leader in the three-wheeler market came out to assist their employees who lost their battle in COVID-19 by paying them two years’ salary. In addition, Mahindra & Mahindra started using their bolero trucks for oxygen cylinder deliveries. Furthermore, the pandemic also impacted the source of earnings of various electric tuk-tuks drivers, especially in passenger space, owing to which the loan defaulters have increased at a considerable pace. This further initiated a chain reaction, as contracting in finance facilities further impacted the electric tuk-tuks sales. In addition, due to the imposition of lockdown, the government of many countries restricted the use of public transport, which led to less income for the owner, resulting in delayed or no payment of the bank EMI.Key Findings of the Study
- By power type, the above 1500W segment is projected to dominate the global electric tuk-tuks market in terms of growth rate.
- By battery type, the lithium-ion segment is projected to dominate the global electric tuk-tuks market in terms of growth rate.
- By range, the upto 50KM segment is projected to dominate the global electric tuk-tuks market in terms of growth rate.
- By price range, the high segment is projected to dominate the global electric tuk-tuks market in terms of growth rate.
- The leading players operating in the electric tuk-tuks market are Arna Electric Auto Private Limited, Bajaj Auto Ltd., E-Tuk Factory, Goenka Electric Motor Vehicles Pvt. Ltd., Green Valley Motors, Hero Electric, Jezza Motors, Kinetic Green Vehicles, KUKU Automotives, Mahindra Electric Mobility Limited, SAERA ELECTRIC AUTO PVT. LTD., SN Solar Energy, Speego Vehicles Co Pvt Limited, SUPERECO, Udaan E Rickshaw, QSD, and Zuperia Auto Pvt. Ltd.
Companies Mentioned
- Adapt Motors
- AG International Pvt. Ltd.
- Arna Electric Auto Private Limited
- BABA E-Rickshaw
- E-TUK Factory
- Gayatri Electric Vehicles
- Goenka Electric Motor Vehicles Private Limited
- Hongsengmeng Group Co., Ltd.
- J.S. Auto Pvt. Ltd.
- Kinetic Green Vehicles
- Mahindra Electric Mobility Limited
- Mini Metro EV LLP
- Singham (U.P. Telelinks Limited)
- SN Solar Energy
- Terra Motors India
- Victory Electric Vehicles International Limited
- Zuperia Auto Pvt. Ltd.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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