Three-Wheeler Market By FUEL TYPE (Petrol/ CNG, Diesel, Electric), By VEHICLE TYPE (Passenger Carrier, Load Carrier): Global Opportunity Analysis and Industry Forecast, 2023-2032

Description

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The three-wheelers market is expected to experience a significant growth rate of 11% from 2023-2032 due to increase in demand for affordable commercial vehicle, rise in requirement of electric passenger as well as load carriers, and low maintenance & manufacturing cost - Allied Market Research

The three-wheeler market is driven by factors such as increase in demand for commercial vehicle with lower operating cost, last mile connectivity, and growing preference for the electric vehicle as a commercial vehicle. However, increase in fuel prices, higher upfront cost of electric three-wheeler battery, and lack of charging infrastructure are some the potential factors that can hamper the market growth.

The surge in expenditure on commercial vehicles in both In developing countries such as India, Africa, and Nigeria, three-wheelers provide a notably cheaper and quicker travel alternative with enhanced route flexibility compared to other modes of transportation. Moreover, in many low- and mid-income countries, three-wheelers are associated with increased employment opportunities, further contributing to the rise in demand for three-wheelers in the global market.

Many companies in e-commerce, pharma, textiles, and retail, FMCG, and other utility segments such as dairy, poultry, and gas prefer three-wheelers as a last mile connectivity solution as they offer excellent maneuverability at an affordable price. For Instance, India-based company uses electric three-wheeler to provide first and last-mile delivery services to e-commerce and foodtech players such as Amazon, Swiggy, and Bigbasket. Furthermore, governments of many countries are very keen to convert their last-mile delivery fleet to electric due to their added benefits.

The growing adoption of electric vehicles is further reinforcing the demand for electric three-wheeler as they are efficient over conventional three-wheelers in terms of overall maintenance and operating cost. With effective integration of advance technology, design, and workflow, many leading players are trying to bring the upfront cost of electric three-wheelers, which further foresee the preference for three-wheeler as a last mile connectivity solution. For instance, in 2021, Amazon India partnered with Mahindra Electric to deploy EVs in its delivery fleet.

By fuel type, the market is categorized into petrol/CNG, diesel, and electric. By vehicle type, it is categorized into passenger carrier and load carrier. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key players analyzed in the three-wheeler market include Bajaj Auto Ltd, Piaggio & C. SpA, Atul Auto Limited, Baxy Limited, Terra Motors, ZUPERIA AUTO PRIVATE LIMITED, Kinetic Green Energy & Power Solutions Ltd, Mahindra & Mahindra Ltd, Terra Motors Corporation and TVS Motor Company.

Key Benefits For Stakeholders

This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the three-wheeler market analysis from 2022 to 2032 to identify the prevailing three-wheeler market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the three-wheeler market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global three-wheeler market trends, key players, market segments, application areas, and market growth strategies.

Additional benefits you will get with this purchase are:

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Investment Opportunities
Technology Trend Analysis
Regulatory Guidelines
Brands Share Analysis
SWOT Analysis

Key Market Segments

By FUEL TYPE

Petrol/ CNG
Diesel
Electric

By VEHICLE TYPE

Passenger Carrier
Load Carrier

By Region

North America
- U.S.
- Canada
- Rest Of North America
Europe
- Germany
- UK
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Malaysia
- Indonesia
- Thailand
- Rest of Asia-Pacific
LAMEA
- Latin America
- Middle East
- Africa

Key Market Players:

Atul Auto Limited
Terra Motors
Baxy Limited
Kinetic Green Energy & Power Solutions Ltd.
Bajaj Auto Limited
TVS MOTOR COMPANY LIMITED
Piaggio & C. S.p.A.
Speego Vehicles Co Pvt Limited
ZUPERIA AUTO PRIVATE LIMITED
Mahindra & Mahindra Limited

Product Code: A11334

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. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO Perspective

CHAPTER 3: MARKET OVERVIEW

3.1. Market definition and scope
3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
3.3. Porter's five forces analysis
- 3.3.1. Low bargaining power of suppliers
- 3.3.2. Low threat of new entrants
- 3.3.3. Low threat of substitutes
- 3.3.4. Low intensity of rivalry
- 3.3.5. Low bargaining power of buyers
3.4. Market dynamics
- 3.4.1. Drivers
  - 3.4.1.1. Surge in adoption of electric three-wheeler as an eco-friendly mobility
  - 3.4.1.2. Rise in trend of last mile connectivity
  - 3.4.1.3. Increase in demand for affordable commercial vehicle
- 3.4.2. Restraints
  - 3.4.2.1. Increase in fuel cost
  - 3.4.2.2. High cost of battery
- 3.4.3. Opportunities
  - 3.4.3.1. Growth in trend of shared mobility

CHAPTER 4: THREE-WHEELER MARKET, BY FUEL TYPE

4.1. Overview
- 4.1.1. Market size and forecast
4.2. Petrol/ CNG
- 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. Diesel
- 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
4.4. Electric
- 4.4.1. Key market trends, growth factors and opportunities
- 4.4.2. Market size and forecast, by region
- 4.4.3. Market share analysis by country

CHAPTER 5: THREE-WHEELER MARKET, BY VEHICLE TYPE

5.1. Overview
- 5.1.1. Market size and forecast
5.2. Passenger Carrier
- 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. Load Carrier
- 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

CHAPTER 6: THREE-WHEELER MARKET, BY REGION

6.1. Overview
- 6.1.1. Market size and forecast By Region
6.2. North America
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by FUEL TYPE
- 6.2.3. Market size and forecast, by VEHICLE TYPE
- 6.2.4. Market size and forecast, by country
  - 6.2.4.1. U.S.
  - 6.2.4.1.1. Market size and forecast, by FUEL TYPE
  - 6.2.4.1.2. Market size and forecast, by VEHICLE TYPE
  - 6.2.4.2. Canada
  - 6.2.4.2.1. Market size and forecast, by FUEL TYPE
  - 6.2.4.2.2. Market size and forecast, by VEHICLE TYPE
  - 6.2.4.3. Rest Of North America
  - 6.2.4.3.1. Market size and forecast, by FUEL TYPE
  - 6.2.4.3.2. Market size and forecast, by VEHICLE TYPE
6.3. Europe
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by FUEL TYPE
- 6.3.3. Market size and forecast, by VEHICLE TYPE
- 6.3.4. Market size and forecast, by country
  - 6.3.4.1. Germany
  - 6.3.4.1.1. Market size and forecast, by FUEL TYPE
  - 6.3.4.1.2. Market size and forecast, by VEHICLE TYPE
  - 6.3.4.2. UK
  - 6.3.4.2.1. Market size and forecast, by FUEL TYPE
  - 6.3.4.2.2. Market size and forecast, by VEHICLE TYPE
  - 6.3.4.3. France
  - 6.3.4.3.1. Market size and forecast, by FUEL TYPE
  - 6.3.4.3.2. Market size and forecast, by VEHICLE TYPE
  - 6.3.4.4. Italy
  - 6.3.4.4.1. Market size and forecast, by FUEL TYPE
  - 6.3.4.4.2. Market size and forecast, by VEHICLE TYPE
  - 6.3.4.5. Rest of Europe
  - 6.3.4.5.1. Market size and forecast, by FUEL TYPE
  - 6.3.4.5.2. Market size and forecast, by VEHICLE TYPE
6.4. Asia-Pacific
- 6.4.1. Key market trends, growth factors and opportunities
- 6.4.2. Market size and forecast, by FUEL TYPE
- 6.4.3. Market size and forecast, by VEHICLE TYPE
- 6.4.4. Market size and forecast, by country
  - 6.4.4.1. India
  - 6.4.4.1.1. Market size and forecast, by FUEL TYPE
  - 6.4.4.1.2. Market size and forecast, by VEHICLE TYPE
  - 6.4.4.2. China
  - 6.4.4.2.1. Market size and forecast, by FUEL TYPE
  - 6.4.4.2.2. Market size and forecast, by VEHICLE TYPE
  - 6.4.4.3. Japan
  - 6.4.4.3.1. Market size and forecast, by FUEL TYPE
  - 6.4.4.3.2. Market size and forecast, by VEHICLE TYPE
  - 6.4.4.4. South Korea
  - 6.4.4.4.1. Market size and forecast, by FUEL TYPE
  - 6.4.4.4.2. Market size and forecast, by VEHICLE TYPE
  - 6.4.4.5. Malaysia
  - 6.4.4.5.1. Market size and forecast, by FUEL TYPE
  - 6.4.4.5.2. Market size and forecast, by VEHICLE TYPE
  - 6.4.4.6. Indonesia
  - 6.4.4.6.1. Market size and forecast, by FUEL TYPE
  - 6.4.4.6.2. Market size and forecast, by VEHICLE TYPE
  - 6.4.4.7. Thailand
  - 6.4.4.7.1. Market size and forecast, by FUEL TYPE
  - 6.4.4.7.2. Market size and forecast, by VEHICLE TYPE
  - 6.4.4.8. Rest of Asia-Pacific
  - 6.4.4.8.1. Market size and forecast, by FUEL TYPE
  - 6.4.4.8.2. Market size and forecast, by VEHICLE TYPE
6.5. LAMEA
- 6.5.1. Key market trends, growth factors and opportunities
- 6.5.2. Market size and forecast, by FUEL TYPE
- 6.5.3. Market size and forecast, by VEHICLE TYPE
- 6.5.4. Market size and forecast, by country
  - 6.5.4.1. Latin America
  - 6.5.4.1.1. Market size and forecast, by FUEL TYPE
  - 6.5.4.1.2. Market size and forecast, by VEHICLE TYPE
  - 6.5.4.2. Middle East
  - 6.5.4.2.1. Market size and forecast, by FUEL TYPE
  - 6.5.4.2.2. Market size and forecast, by VEHICLE TYPE
  - 6.5.4.3. Africa
  - 6.5.4.3.1. Market size and forecast, by FUEL TYPE
  - 6.5.4.3.2. Market size and forecast, by VEHICLE TYPE

CHAPTER 7: COMPETITIVE LANDSCAPE

7.1. Introduction
7.2. Top winning strategies
7.3. Product mapping of top 10 player
7.4. Competitive dashboard
7.5. Competitive heatmap
7.6. Top player positioning, 2022

CHAPTER 8: COMPANY PROFILES

8.1. Bajaj Auto Limited
- 8.1.1. Company overview
- 8.1.2. Key executives
- 8.1.3. Company snapshot
- 8.1.4. Operating business segments
- 8.1.5. Product portfolio
- 8.1.6. Business performance
- 8.1.7. Key strategic moves and developments
8.2. TVS MOTOR COMPANY LIMITED
- 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
8.3. Mahindra & Mahindra Limited
- 8.3.1. Company overview
- 8.3.2. Key executives
- 8.3.3. Company snapshot
- 8.3.4. Operating business segments
- 8.3.5. Product portfolio
- 8.3.6. Business performance
- 8.3.7. Key strategic moves and developments
8.4. Piaggio & C. S.p.A.
- 8.4.1. Company overview
- 8.4.2. Key executives
- 8.4.3. Company snapshot
- 8.4.4. Operating business segments
- 8.4.5. Product portfolio
- 8.4.6. Business performance
8.5. Atul Auto Limited
- 8.5.1. Company overview
- 8.5.2. Key executives
- 8.5.3. Company snapshot
- 8.5.4. Operating business segments
- 8.5.5. Product portfolio
- 8.5.6. Business performance
- 8.5.7. Key strategic moves and developments
8.6. Kinetic Green Energy & Power Solutions Ltd.
- 8.6.1. Company overview
- 8.6.2. Key executives
- 8.6.3. Company snapshot
- 8.6.4. Operating business segments
- 8.6.5. Product portfolio
- 8.6.6. Key strategic moves and developments
8.7. ZUPERIA AUTO PRIVATE LIMITED
- 8.7.1. Company overview
- 8.7.2. Key executives
- 8.7.3. Company snapshot
- 8.7.4. Operating business segments
- 8.7.5. Product portfolio
8.8. Baxy Limited
- 8.8.1. Company overview
- 8.8.2. Key executives
- 8.8.3. Company snapshot
- 8.8.4. Operating business segments
- 8.8.5. Product portfolio
8.9. Terra Motors
- 8.9.1. Company overview
- 8.9.2. Key executives
- 8.9.3. Company snapshot
- 8.9.4. Operating business segments
- 8.9.5. Product portfolio
8.10. Speego Vehicles Co Pvt Limited
- 8.10.1. Company overview
- 8.10.2. Key executives
- 8.10.3. Company snapshot
- 8.10.4. Operating business segments
- 8.10.5. Product portfolio