PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1477303
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1477303
Global Electric Tuk-tuks Market, By Vehicle Type, By Power Type, By Battery Type, By Range, By Geography
Global electric tuk-tuks market is estimated to be valued at US$ 549.45 Mn in 2024 and is expected to reach US$ 844.71 Mn by 2031, exhibiting a compound annual growth rate (CAGR) of 6.3% from 2024 to 2031.
| Report Coverage | Report Details | ||
|---|---|---|---|
| Base Year: | 2023 | Market Size in 2024: | US$ 549.45 Mn |
| Historical Data for: | 2019 to 2023 | Forecast Period: | 2024 to 2031 |
| Forecast Period 2024 to 2031 CAGR: | 6.30% | 2031 Value Projection: | US$ 844.71 Mn |
Electric tuk-tuks are three-wheeled motor vehicles that are powered fully or partially by electricity. These offer a sustainable mode of transportation for carrying passengers in congested city centers and urban areas. Rising awareness about the environmental impact of combustion engine vehicles and increasing fossil fuel prices are boosting demand for electric tuk-tuks globally. Manufacturers are developing advanced lithium-ion battery systems to improve the driving range of these vehicles. Various governments are also offering subsidies to encourage the adoption of electric tuk-tuks and support their domestic manufacturers.
Market Dynamics:
Global electric tuk-tuks market growth is driven by factors such as growing need for eco-friendly urban transportation solutions, rising fuel costs, and stringent emission regulations on conventional engine vehicles. However, high initial costs of electric tuk-tuks and lack of appropriate charging infrastructure in many cities are hampering the market growth. Meanwhile, developments in battery technology that can enhance vehicle range and performance are expected to create new opportunities for the market growth. Favorable government policies in the form of purchase incentives and subsidies on electric commercial vehicles will boost their adoption.
Key features of the study:
This report provides in-depth analysis of the global electric tuk-tuks market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global electric tuk-tuks market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include 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.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
Global electric tuk-tuks market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global electric tuk-tuks market
Market Segmentation
- By Vehicle Type
- Passenger Tuk-Tuks
- Cargo Tuk-Tuks
- By Power Type
- Up to 1,000W
- 1,000W to 1,500W
- Above 1,500W
- By Battery Type
- Lithium-ion
- Lead Acid
- By Range
- Upto 50KM
- More Than 50KM
- By Regional
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
- Key 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.
Table of Contents
1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Vehicle Type
- Market Snippet, By Power Type
- Market Snippet, By Battery Type
- Market Snippet, By Range
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Opportunities
- Regulatory Scenario
- Industry Trend
- Merger and Acquisitions
- New system Launch/Approvals
- Impact of the COVID-19 Pandemic
4. Global Electric Tuk-tuks Market, By Vehicle Type, 2019-2031, (US$ Million)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
- Segment Trends
- Passenger Tuk-Tuks
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Million)
- Cargo Tuk-Tuks
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Million)
5. Global Electric Tuk-tuks Market, By Power Type, 2019-2031, (US$ Million)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
- Segment Trends
- Up to 1,000W
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Million)
- 1,000W to 1,500W
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Million)
- Above 1,500W
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Million)
6. Global Electric Tuk-tuks Market, By Battery Type, 2019-2031, (US$ Million)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Segment Trends
- Lithium-ion
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Million)
- Lead Acid
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Million)
7. Global Electric Tuk-tuks Market, By Range, 2019-2031, (US$ Million)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
- Segment Trends
- Upto 50KM
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Million)
- More Than 50KM
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Million)
8. Global Electric Tuk-tuks Market, By Region, 2019-2031, (US$ Million)
- Introduction
- Market Share Analysis, By Region, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
- North America
- Regional Trends
- Market Size and Forecast, By Vehicle Type, 2019-2031, (US$ Million)
- Market Size and Forecast, By Power Type, 2019-2031, (US$ Million)
- Market Size and Forecast, By Battery Type, 2019-2031, (US$ Million)
- Market Size and Forecast, By Range, 2019-2031, (US$ Million)
- Market Size and Forecast, By Country, 2019-2031, (US$ Million)
- U.S.
- Canada
- Europe
- Regional Trends
- Market Size and Forecast, By Vehicle Type, 2019-2031, (US$ Million)
- Market Size and Forecast, By Power Type, 2019-2031, (US$ Million)
- Market Size and Forecast, By Battery Type, 2019-2031, (US$ Million)
- Market Size and Forecast, By Range, 2019-2031, (US$ Million)
- Market Size and Forecast, By Country, 2019-2031, (US$ Million)
- U.K.
- Germany
- Italy
- France
- Russia
- Rest of Europe
- Asia Pacific
- Regional Trends
- Market Size and Forecast, By Vehicle Type, 2019-2031, (US$ Million)
- Market Size and Forecast, By Power Type, 2019-2031, (US$ Million)
- Market Size and Forecast, By Battery Type, 2019-2031, (US$ Million)
- Market Size and Forecast, By Range, 2019-2031, (US$ Million)
- Market Size and Forecast, By Country, 2019-2031, (US$ Million)
- China
- India
- ASEAN
- Australia
- South Korea
- Japan
- Rest of Asia Pacific
- Latin America
- Regional Trends
- Market Size and Forecast, By Vehicle Type, 2019-2031, (US$ Million)
- Market Size and Forecast, By Power Type, 2019-2031, (US$ Million)
- Market Size and Forecast, By Battery Type, 2019-2031, (US$ Million)
- Market Size and Forecast, By Range, 2019-2031, (US$ Million)
- Market Size and Forecast, By Country, 2019-2031, (US$ Million)
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Middle East & Africa
- Regional Trends
- Market Size and Forecast, By Vehicle Type, 2019-2031, (US$ Million)
- Market Size and Forecast, By Power Type, 2019-2031, (US$ Million)
- Market Size and Forecast, By Battery Type, 2019-2031, (US$ Million)
- Market Size and Forecast, By Range, 2019-2031, (US$ Million)
- Market Size and Forecast, By Country, 2019-2031, (US$ Million)
- GCC Countries
- South Africa
- Rest of the Middle East& Africa
9. Competitive Landscape
- Company Profiles
- Adapt Motors
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- 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.
10. Analyst Recommendations
- Wheel of Fortune
- Analyst View
- Coherent Opportunity Map
11. Research Methodology
- References
- Research Methodology
- About us and Sales Contact
