Product Code: A12512
The report incorporates the study of the global electric three wheeler market that focuses on the type of electric vehicles propelled by battery and electric motor. The usual construction of an electric three wheeler consists of three wheels and is generally used as a commercial vehicle to transport goods. The electric three wheeler mobility depends on maneuverability, affordability, and door-to-door transport. As many developing countries, especially in Asia-Pacific and LAMEA, require a faster and significantly cheaper option for public and goods transport; hence, electric three-wheelers best suites the requirement. For instance, in January 2022, Goenka Electric Motor Vehicles Private Limited partnered with Omega Seiki Mobility, a manufacturer of electric mobility solutions for end-to-end deliveries, to jointly set up over 500 dealerships across India in a phased manner by FY24. This increased their market presence across India.
The factors such as rise in the trend of last mile connectivity, increase in demand for affordable commercial vehicle, and inclination toward use of electric three wheelers as an eco-friendly & efficient solution for commute supplement the growth of the electric three wheeler market. However, lack of standardization of EV charging and high cost of battery are the factors expected to hamper the growth of the electric three wheeler market. In addition, growth in the trend of shared mobility and greater availability of credit and financing options creates market opportunities for the key players operating in the electric three wheeler market.
For the purpose of analysis, the global electric three wheeler market is segmented on the basis of vehicle type, power type, battery type, and region. By vehicle type, the market is categorized into passenger carrier and load carrier. 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 region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The leading players operating in the electric three wheeler market are Adapt Motors, Altigreen, ATUL Auto Limited, BILITI Electric Inc., Bodo Vehicle Group Co., Ltd., Chongqing Zongshen Vehicle Co., Ltd., E-TUK Factory, Green Impex, J.S. Auto Pvt. Ltd., Kinetic Green Vehicles, Mahindra Electric Mobility Limited, Piaggio & C. SpA, Scooters India Limited, Terra Motors Corporation, and Zuperia Auto Pvt. Ltd.
Key Benefits For Stakeholders
- This study presents an analytical depiction of the global electric three wheeler market analysis along with current trends and future estimations to depict imminent investment pockets.
- The overall electric three wheeler 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 three wheeler market with detailed impact analysis.
- The current electric three wheeler 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 Vehicle Type
- Passenger Carrier
- Load Carrier
By Power Type
- Up to 1000W
- 1000 W to 1500 W
- Above 1500 W
By Battery Type
By Region
- North America
- 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
- Zuperia Auto Pvt. Ltd.
- J.S. Auto Pvt. Ltd.
- Bodo Vehicle Group
- KINETIC GREEN VEHICLES
- Green Impex
- BILITI ELECTRIC
- Mahindra Electric Mobility Limited
- E-TUK Factory
- Chongqing Zongshen Vehicle
- Terra Motors Corporation
- SCOOTERS INDIA LIMITED
- Piaggio & C. SpA
- Altigreen
- Atul Auto Ltd
- Adapt Motors
TABLE OF CONTENTS
CHAPTER 1:INTRODUCTION
- 1.1.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 THREE WHEELER MARKET, BY VEHICLE TYPE
- 4.1 Overview
- 4.1.1 Market size and forecast
- 4.2 Passenger Carrier
- 4.2.1 Key market trends, growth factors and opportunities
- 4.2.2 Market size and forecast, by region
- 4.2.3 Market share analysis by country
- 4.3 Load Carrier
- 4.3.1 Key market trends, growth factors and opportunities
- 4.3.2 Market size and forecast, by region
- 4.3.3 Market share analysis by country
CHAPTER 5: ELECTRIC THREE WHEELER MARKET, BY POWER TYPE
- 5.1 Overview
- 5.1.1 Market size and forecast
- 5.2 Up to 1000W
- 5.2.1 Key market trends, growth factors and opportunities
- 5.2.2 Market size and forecast, by region
- 5.2.3 Market share analysis by country
- 5.3 1000 W to 1500 W
- 5.3.1 Key market trends, growth factors and opportunities
- 5.3.2 Market size and forecast, by region
- 5.3.3 Market share analysis by country
- 5.4 Above 1500 W
- 5.4.1 Key market trends, growth factors and opportunities
- 5.4.2 Market size and forecast, by region
- 5.4.3 Market share analysis by country
CHAPTER 6: ELECTRIC THREE WHEELER MARKET, BY BATTERY TYPE
- 6.1 Overview
- 6.1.1 Market size and forecast
- 6.2 Lithium ion
- 6.2.1 Key market trends, growth factors and opportunities
- 6.2.2 Market size and forecast, by region
- 6.2.3 Market share analysis by country
- 6.3 Lead Acid
- 6.3.1 Key market trends, growth factors and opportunities
- 6.3.2 Market size and forecast, by region
- 6.3.3 Market share analysis by country
CHAPTER 7: ELECTRIC THREE WHEELER MARKET, BY REGION
- 7.1 Overview
- 7.1.1 Market size and forecast
- 7.2 North America
- 7.2.1 Key trends and opportunities
- 7.2.2 North America Market size and forecast, by Vehicle Type
- 7.2.3 North America Market size and forecast, by Power Type
- 7.2.4 North America Market size and forecast, by Battery Type
- 7.2.5 North America Market size and forecast, by country
- 7.2.5.1 U.S.
- 7.2.5.1.1 Key market trends, growth factors and opportunities
- 7.2.5.1.2 Market size and forecast, by Vehicle Type
- 7.2.5.1.3 Market size and forecast, by Power Type
- 7.2.5.1.4 Market size and forecast, by Battery Type
- 7.2.5.2 Canada
- 7.2.5.2.1 Key market trends, growth factors and opportunities
- 7.2.5.2.2 Market size and forecast, by Vehicle Type
- 7.2.5.2.3 Market size and forecast, by Power Type
- 7.2.5.2.4 Market size and forecast, by Battery Type
- 7.2.5.3 Mexico
- 7.2.5.3.1 Key market trends, growth factors and opportunities
- 7.2.5.3.2 Market size and forecast, by Vehicle Type
- 7.2.5.3.3 Market size and forecast, by Power Type
- 7.2.5.3.4 Market size and forecast, by Battery Type
- 7.3 Europe
- 7.3.1 Key trends and opportunities
- 7.3.2 Europe Market size and forecast, by Vehicle Type
- 7.3.3 Europe Market size and forecast, by Power Type
- 7.3.4 Europe Market size and forecast, by Battery Type
- 7.3.5 Europe Market size and forecast, by country
- 7.3.5.1 UK
- 7.3.5.1.1 Key market trends, growth factors and opportunities
- 7.3.5.1.2 Market size and forecast, by Vehicle Type
- 7.3.5.1.3 Market size and forecast, by Power Type
- 7.3.5.1.4 Market size and forecast, by Battery Type
- 7.3.5.2 Germany
- 7.3.5.2.1 Key market trends, growth factors and opportunities
- 7.3.5.2.2 Market size and forecast, by Vehicle Type
- 7.3.5.2.3 Market size and forecast, by Power Type
- 7.3.5.2.4 Market size and forecast, by Battery Type
- 7.3.5.3 France
- 7.3.5.3.1 Key market trends, growth factors and opportunities
- 7.3.5.3.2 Market size and forecast, by Vehicle Type
- 7.3.5.3.3 Market size and forecast, by Power Type
- 7.3.5.3.4 Market size and forecast, by Battery Type
- 7.3.5.4 Italy
- 7.3.5.4.1 Key market trends, growth factors and opportunities
- 7.3.5.4.2 Market size and forecast, by Vehicle Type
- 7.3.5.4.3 Market size and forecast, by Power Type
- 7.3.5.4.4 Market size and forecast, by Battery Type
- 7.3.5.5 Rest of Europe
- 7.3.5.5.1 Key market trends, growth factors and opportunities
- 7.3.5.5.2 Market size and forecast, by Vehicle Type
- 7.3.5.5.3 Market size and forecast, by Power Type
- 7.3.5.5.4 Market size and forecast, by Battery Type
- 7.4 Asia-Pacific
- 7.4.1 Key trends and opportunities
- 7.4.2 Asia-Pacific Market size and forecast, by Vehicle Type
- 7.4.3 Asia-Pacific Market size and forecast, by Power Type
- 7.4.4 Asia-Pacific Market size and forecast, by Battery Type
- 7.4.5 Asia-Pacific Market size and forecast, by country
- 7.4.5.1 China
- 7.4.5.1.1 Key market trends, growth factors and opportunities
- 7.4.5.1.2 Market size and forecast, by Vehicle Type
- 7.4.5.1.3 Market size and forecast, by Power Type
- 7.4.5.1.4 Market size and forecast, by Battery Type
- 7.4.5.2 Japan
- 7.4.5.2.1 Key market trends, growth factors and opportunities
- 7.4.5.2.2 Market size and forecast, by Vehicle Type
- 7.4.5.2.3 Market size and forecast, by Power Type
- 7.4.5.2.4 Market size and forecast, by Battery Type
- 7.4.5.3 India
- 7.4.5.3.1 Key market trends, growth factors and opportunities
- 7.4.5.3.2 Market size and forecast, by Vehicle Type
- 7.4.5.3.3 Market size and forecast, by Power Type
- 7.4.5.3.4 Market size and forecast, by Battery Type
- 7.4.5.4 South Korea
- 7.4.5.4.1 Key market trends, growth factors and opportunities
- 7.4.5.4.2 Market size and forecast, by Vehicle Type
- 7.4.5.4.3 Market size and forecast, by Power Type
- 7.4.5.4.4 Market size and forecast, by Battery Type
- 7.4.5.5 Rest of Asia-Pacific
- 7.4.5.5.1 Key market trends, growth factors and opportunities
- 7.4.5.5.2 Market size and forecast, by Vehicle Type
- 7.4.5.5.3 Market size and forecast, by Power Type
- 7.4.5.5.4 Market size and forecast, by Battery Type
- 7.5 LAMEA
- 7.5.1 Key trends and opportunities
- 7.5.2 LAMEA Market size and forecast, by Vehicle Type
- 7.5.3 LAMEA Market size and forecast, by Power Type
- 7.5.4 LAMEA Market size and forecast, by Battery Type
- 7.5.5 LAMEA Market size and forecast, by country
- 7.5.5.1 Latin America
- 7.5.5.1.1 Key market trends, growth factors and opportunities
- 7.5.5.1.2 Market size and forecast, by Vehicle Type
- 7.5.5.1.3 Market size and forecast, by Power Type
- 7.5.5.1.4 Market size and forecast, by Battery Type
- 7.5.5.2 Middle East
- 7.5.5.2.1 Key market trends, growth factors and opportunities
- 7.5.5.2.2 Market size and forecast, by Vehicle Type
- 7.5.5.2.3 Market size and forecast, by Power Type
- 7.5.5.2.4 Market size and forecast, by Battery Type
- 7.5.5.3 Africa
- 7.5.5.3.1 Key market trends, growth factors and opportunities
- 7.5.5.3.2 Market size and forecast, by Vehicle Type
- 7.5.5.3.3 Market size and forecast, by Power Type
- 7.5.5.3.4 Market size and forecast, by Battery Type
CHAPTER 8: COMPANY LANDSCAPE
- 8.1. Introduction
- 8.2. Top winning strategies
- 8.3. Product Mapping of Top 10 Player
- 8.4. Competitive Dashboard
- 8.5. Competitive Heatmap
- 8.6. Key developments
CHAPTER 9: COMPANY PROFILES
- 9.1 Adapt Motors
- 9.1.1 Company overview
- 9.1.2 Company snapshot
- 9.1.3 Operating business segments
- 9.1.4 Product portfolio
- 9.1.5 Business performance
- 9.1.6 Key strategic moves and developments
- 9.2 Altigreen
- 9.2.1 Company overview
- 9.2.2 Company snapshot
- 9.2.3 Operating business segments
- 9.2.4 Product portfolio
- 9.2.5 Business performance
- 9.2.6 Key strategic moves and developments
- 9.3 Atul Auto Ltd
- 9.3.1 Company overview
- 9.3.2 Company snapshot
- 9.3.3 Operating business segments
- 9.3.4 Product portfolio
- 9.3.5 Business performance
- 9.3.6 Key strategic moves and developments
- 9.4 Bodo Vehicle Group
- 9.4.1 Company overview
- 9.4.2 Company snapshot
- 9.4.3 Operating business segments
- 9.4.4 Product portfolio
- 9.4.5 Business performance
- 9.4.6 Key strategic moves and developments
- 9.5 BILITI ELECTRIC
- 9.5.1 Company overview
- 9.5.2 Company snapshot
- 9.5.3 Operating business segments
- 9.5.4 Product portfolio
- 9.5.5 Business performance
- 9.5.6 Key strategic moves and developments
- 9.6 Chongqing Zongshen Vehicle
- 9.6.1 Company overview
- 9.6.2 Company snapshot
- 9.6.3 Operating business segments
- 9.6.4 Product portfolio
- 9.6.5 Business performance
- 9.6.6 Key strategic moves and developments
- 9.7 Mahindra Electric Mobility Limited
- 9.7.1 Company overview
- 9.7.2 Company snapshot
- 9.7.3 Operating business segments
- 9.7.4 Product portfolio
- 9.7.5 Business performance
- 9.7.6 Key strategic moves and developments
- 9.8 E-TUK Factory
- 9.8.1 Company overview
- 9.8.2 Company snapshot
- 9.8.3 Operating business segments
- 9.8.4 Product portfolio
- 9.8.5 Business performance
- 9.8.6 Key strategic moves and developments
- 9.9 J.S. Auto Pvt. Ltd.
- 9.9.1 Company overview
- 9.9.2 Company snapshot
- 9.9.3 Operating business segments
- 9.9.4 Product portfolio
- 9.9.5 Business performance
- 9.9.6 Key strategic moves and developments
- 9.10 Green Impex
- 9.10.1 Company overview
- 9.10.2 Company snapshot
- 9.10.3 Operating business segments
- 9.10.4 Product portfolio
- 9.10.5 Business performance
- 9.10.6 Key strategic moves and developments
- 9.11 KINETIC GREEN VEHICLES
- 9.11.1 Company overview
- 9.11.2 Company snapshot
- 9.11.3 Operating business segments
- 9.11.4 Product portfolio
- 9.11.5 Business performance
- 9.11.6 Key strategic moves and developments
- 9.12 Piaggio & C. SpA
- 9.12.1 Company overview
- 9.12.2 Company snapshot
- 9.12.3 Operating business segments
- 9.12.4 Product portfolio
- 9.12.5 Business performance
- 9.12.6 Key strategic moves and developments
- 9.13 Scooters India Limited
- 9.13.1 Company overview
- 9.13.2 Company snapshot
- 9.13.3 Operating business segments
- 9.13.4 Product portfolio
- 9.13.5 Business performance
- 9.13.6 Key strategic moves and developments
- 9.14 Terra Motors Corporation
- 9.14.1 Company overview
- 9.14.2 Company snapshot
- 9.14.3 Operating business segments
- 9.14.4 Product portfolio
- 9.14.5 Business performance
- 9.14.6 Key strategic moves and developments
- 9.15 Zuperia Auto Pvt. Ltd.
- 9.15.1 Company overview
- 9.15.2 Company snapshot
- 9.15.3 Operating business segments
- 9.15.4 Product portfolio
- 9.15.5 Business performance
- 9.15.6 Key strategic moves and developments