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Electric Vehicle

PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1479743

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PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1479743

Electric 3 wheeler Market by End Use (Passenger Carriers, Load Carriers), Range (Less than 50 miles, above 50 miles), Battery Type (Lead Acid, Lithium-ion), Battery Capacity, Motor Type, Motor Power, Payload Capacity and Region - Global Forecast to 2030

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Table of Contents

The electric 3 wheeler market is projected to grow from USD 1.3 billion in 2024 to USD 1.5 billion by 2030, registering a CAGR of 2.2%. The electric 3 wheeler market is expanding rapidly due to rising demand for economical and environmentally friendly transportation alternatives in densely populated urban areas. Electric 3 wheelers are a low-cost, low-emission alternative to regular gasoline-powered vehicles. Government policies and incentives are another aspect driving the growth of the electric 3 wheeler market. Numerous countries are making efforts to minimize carbon dioxide emissions and promote the adoption of electric vehicles. These policies include subsidies, tax rebates for electric 3 wheeler manufacturers and customers, and investments in charging infrastructure.

Scope of the Report
Years Considered for the Study2024-2030
Base Year2023
Forecast Period2024-2030
Units ConsideredValue (USD Billion)
SegmentsMotor Type, Motor Power, Battery Capacity, Range, Battery Type, Payload Capacity, End-Use, and Region
Regions coveredAsia Pacific, Europe, North America, Rest of the World

"Load Carrier segment to be the fastest growing segment during the forecast period"

The demand for Electric 3 wheeler load carriers has been rising due to the increased focus of countries on emission reduction. Various retail, logistics, and courier companies have already started adopting Electric 3 wheelers on a small scale. With technological advancements and the development of more vehicles, the adoption rate of Electric 3 wheeler load carriers will grow exponentially. The Electric 3 wheeler is a cost-effective and eco-friendly mode of transportation, making it ideal for businesses that must move goods quickly and efficiently. This type of vehicle is also a great choice for businesses that want to reduce their environmental impact. OEMs are partnering with logistics and last-mile delivery providers to increase the application of Electric 3 wheelers in the industry.

"Lead acid to remain the favoured battery chemistry in most developing countries segment during the forecast period"

Lead-acid batteries offer advantages such as low cost, high current delivery, and low internal impedance. The charging time of lead-acid batteries ranges between 6 and 8 hours, with a battery capacity of up to 6 kWh. However, they come with drawbacks such as slow charging times, high maintenance, and lower energy density compared to alternatives like lithium-ion batteries. Despite these limitations, lead-acid batteries remain popular in applications like electric 3-wheelers due to their affordability and availability, particularly in regions like Asia Pacific where last-mile transportation demands are high. The market sees a significant presence of lead-acid battery-powered electric 3-wheelers, driven by their lower pricing compared to ICE counterparts. As the demand for emission-free vehicles rises, manufacturers are exploring options that offer longer ranges and more battery life cycles. Nevertheless, lead-acid batteries continue to find applications, especially in electric 3-wheelers, where affordability remains a key factor influencing consumer choices.

"Asia Pacific to be the largest market during the forecast period."

Asia Pacific to be the largest market during the forecast period. Increasing government initiatives to promote EVs in India, Sri Lanka, Bangladesh, Japan, and the Philippines will boost the electric 3 wheeler market. The Japanese government has taken steps to increase the adoption of EVs in the country as part of its emission reduction programs, leading to the growth of Japan's electric 3 wheeler industry. Similarly, Bangladesh prepared an auto industry policy that called for at least 15% of registered vehicles to be powered by "environment-friendly electricity" in 2030. This is expected to drive the electric 3 wheeler market in Bangladesh. Further, Philippines has been promoting the use of electric 3 wheelers across the country, including as a form of public transportation. Major cities in the Philippines have started using electric 3 wheelers to transport residents and transient workers. Electric 3 wheelers are also used in the country's major business districts and urban areas. Such factors are expected to keep Asia Pacific the leading electric 3 wheeler market.

In-depth interviews were conducted with CEOs, marketing directors, other innovation and technology directors, and executives from various key organizations operating in this market.

  • By Company Type: OEMs - 24%, Tier I - 67%, Tier II and Tier III - 9%
  • By Designation: CXOs - 33%, Managers - 52%, Executives - 15%
  • By Country: North America - 6%, Europe - 8%, Asia Pacific - 68%, and Rest of the World - 18%

The electric 3 wheeler market is dominated by a few globally established players, such as Mahindra&Mahindra Ltd. (India), YC Electric Vehicle (India), Saera Electric Auto Pvt. Ltd. (India), Piaggio Group (Italy), and Citylife Electric Vehicles (India). These companies manufactures and supplies electric 3 wheeler to various countries globally. These companies have set up R&D infrastructure and offer best-in-class solutions to their customers.

Research Coverage:

The report covers the electric 3 wheeler market, in terms of End Use (Passenger Carrier, and Load Carrier), Range (Less than 50 miles, and above 50 miles), Battery Type (Lead Acid, Lithium-ion, and Others), Battery Capacity (Below 5 KWH, 5-8 KWH, and Above 8 KWH), Motor Type (Hub Motor, Mid Motor, and Other Motors), Motor Power (Below 1500 W, 1500-2500 W, and Above 2500 W) Payload Capacity (Upto 300 kg, 300 kg to 500 kg, and Above 500 kg), Region (Asia Pacific, Europe, North America, and Row). It covers the competitive landscape and company profiles of the major players in the electric 3 wheeler market ecosystem.

The study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.

Key Benefits of Buying the Report:

  • This report will help market leaders/new entrants in this market with information on the closest approximations of revenue numbers for the overall electric 3 wheeler ecosystem and its subsegments.
  • This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies.
  • This report will also help stakeholders understand the market's pulse and provide information on key market drivers, restraints, challenges, and opportunities.

The report provides insight on the following pointers:

  • Analysis of key drivers (Low operating and maintenance costs, Government incentives and subsidies, Advancements in battery technology and reducing battery prices, and Established market for 3 wheelers in urban transportation), restraints (Lack of charging infrastructure, and Limited power output, range, and speed), challenges (Automobile manufacturer- and customer-oriented policies to promote electric 3 wheeler sales, and Partnerships between OEMs and delivery and logistics fleet operators), and opportunities (Limited battery capacity, High initial investments compared to ICE variants, and Lack of compatibility, interchangeability, and standardization).
  • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the electric 3 wheeler market.
  • Market Development: Comprehensive information about lucrative markets - the report analyses the electric 3 wheeler market across varied regions.
  • Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the electric 3 wheeler market.

Competitive Assessment: In-depth assessment of market ranking, growth strategies, and service offerings of leading players like Mahindra&Mahindra Ltd. (India), YC Electric Vehicle (India), Saera Electric Auto Pvt. Ltd. (India), Piaggio Group (Italy), and Citylife Electric Vehicles (India), among others in electric 3 wheeler market.

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Product Code: AT 7860

TABLE OF CONTENTS

1 INTRODUCTION

  • 1.1 STUDY OBJECTIVES
  • 1.2 MARKET DEFINITION
    • TABLE 1 ELECTRIC 3 WHEELER MARKET, BY END USE
    • TABLE 2 ELECTRIC 3 WHEELER MARKET, BY BATTERY TYPE
    • TABLE 3 ELECTRIC 3 WHEELER MARKET, BY MOTOR TYPE
    • TABLE 4 ELECTRIC 3 WHEELER MARKET, BY MOTOR POWER
    • TABLE 5 ELECTRIC 3 WHEELER MARKET, BY BATTERY CAPACITY
    • TABLE 6 ELECTRIC 3 WHEELER MARKET, BY RANGE
    • TABLE 7 ELECTRIC 3 WHEELER MARKET, BY PAYLOAD CAPACITY
  • 1.3 INCLUSIONS AND EXCLUSIONS
    • TABLE 8 ELECTRIC 3 WHEELER MARKET: INCLUSIONS AND EXCLUSIONS
  • 1.4 MARKET SCOPE
    • FIGURE 1 MARKET SEGMENTATION
    • 1.4.1 REGION SCOPE
    • 1.4.2 YEARS CONSIDERED
  • 1.5 CURRENCY CONSIDERED
    • TABLE 9 CURRENCY EXCHANGE RATES
  • 1.6 STAKEHOLDERS
  • 1.7 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY

  • 2.1 RESEARCH DATA
    • FIGURE 2 ELECTRIC 3 WHEELER MARKET: RESEARCH DESIGN
    • FIGURE 3 RESEARCH DESIGN MODEL
    • 2.1.1 SECONDARY DATA
    • 2.1.2 KEY SECONDARY SOURCES
      • 2.1.2.1 List of secondary sources
      • 2.1.2.2 Key data from secondary sources
    • 2.1.3 PRIMARY DATA
      • 2.1.3.1 Primary interviews - demand and supply sides
      • 2.1.3.2 Key industry insights and breakdown of primary interviews
    • FIGURE 4 KEY INDUSTRY INSIGHTS
    • FIGURE 5 BREAKDOWN OF PRIMARY INTERVIEWS
      • 2.1.3.3 List of primary participants
  • 2.2 MARKET SIZE ESTIMATION
    • FIGURE 6 RESEARCH METHODOLOGY: HYPOTHESIS BUILDING
    • 2.2.1 BOTTOM-UP APPROACH
    • FIGURE 7 BOTTOM-UP APPROACH
    • 2.2.2 TOP-DOWN APPROACH
    • FIGURE 8 TOP-DOWN APPROACH
    • FIGURE 9 ELECTRIC 3 WHEELER MARKET: RESEARCH DESIGN & METHODOLOGY
    • 2.2.3 RECESSION IMPACT ANALYSIS
  • 2.3 DATA TRIANGULATION
    • FIGURE 10 MARKET BREAKDOWN AND DATA TRIANGULATION
    • FIGURE 11 MARKET GROWTH PROJECTIONS FROM DEMAND-SIDE DRIVERS AND OPPORTUNITIES
  • 2.4 FACTOR ANALYSIS
  • 2.5 RESEARCH ASSUMPTIONS
  • 2.6 RESEARCH LIMITATIONS

3 EXECUTIVE SUMMARY

    • FIGURE 12 FACTORS DRIVING ELECTRIC 3 WHEELER MARKET
    • FIGURE 13 ELECTRIC 3 WHEELER MARKET DYNAMICS
    • FIGURE 14 INDIA TO DOMINATE ELECTRIC 3 WHEELER MARKET FROM 2024 TO 2030
    • FIGURE 15 KEY PLAYERS IN ELECTRIC 3 WHEELER MARKET
    • FIGURE 16 PASSENGER CARRIERS SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD

4 PREMIUM INSIGHTS

  • 4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN ELECTRIC 3 WHEELER MARKET
    • FIGURE 17 LOW OPERATING AND MAINTENANCE COSTS TO DRIVE MARKET
  • 4.2 ELECTRIC 3 WHEELER MARKET, BY MOTOR POWER
    • FIGURE 18 1,500-2,500 W SEGMENT TO LEAD MARKET FROM 2024 TO 2030
  • 4.3 ELECTRIC 3 WHEELER MARKET, BY BATTERY TYPE
    • FIGURE 19 LITHIUM-ION SEGMENT TO LEAD MARKET BY 2030
  • 4.4 ELECTRIC 3 WHEELER MARKET, BY RANGE
    • FIGURE 20 ABOVE 50 MILES SEGMENT TO REGISTER HIGHER CAGR FROM 2024 TO 2030
  • 4.5 ELECTRIC 3 WHEELER MARKET, BY BATTERY CAPACITY
    • FIGURE 21 5-8 KWH SEGMENT TO LEAD MARKET FROM 2024 TO 2030
  • 4.6 ELECTRIC 3 WHEELER MARKET, BY END USE
    • FIGURE 22 PASSENGER CARRIERS SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD
  • 4.7 ELECTRIC 3 WHEELER MARKET, BY PAYLOAD CAPACITY
    • FIGURE 23 300-500 KG SEGMENT TO LEAD MARKET DURING FORECAST PERIOD
  • 4.8 ELECTRIC 3 WHEELER MARKET, BY MOTOR TYPE
    • FIGURE 24 MID MOTORS SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD
  • 4.9 ELECTRIC 3 WHEELER MARKET, BY COUNTRY
    • FIGURE 25 INDIA TO ACCOUNT FOR LARGEST MARKET SHARE IN 2024

5 MARKET OVERVIEW

  • 5.1 INTRODUCTION
  • 5.2 MARKET DYNAMICS
    • FIGURE 26 ELECTRIC 3 WHEELER MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
    • 5.2.1 DRIVERS
      • 5.2.1.1 Low operating and maintenance costs
    • FIGURE 27 ELECTRICITY TARIFF FOR PERSONAL USE CASES AT DIFFERENT LEVELS OF ENERGY CONSUMPTION
    • TABLE 10 MAINTENANCE COST OF ELECTRIC 3 WHEELERS, BY VEHICLE MODEL
    • TABLE 11 AVERAGE ENERGY CONSUMPTION OF 3 WHEELERS
      • 5.2.1.2 Government incentives and subsidies
    • TABLE 12 INDIA: GOVERNMENT INCENTIVES, BY MODEL, 2023
    • TABLE 13 BUDGETARY ALLOCATION AND EXPENDITURE OF FUNDS UNDER FAME II
      • 5.2.1.3 Advancements in battery technology and reducing battery prices
    • TABLE 14 COMPARISON OF BATTERY TECHNOLOGIES IN ELECTRIC 3 WHEELERS
    • TABLE 15 INDIA: SPECIFICATIONS OF CHARGING INFRASTRUCTURE
    • FIGURE 28 LITHIUM-ION BATTERY PACK AND CELL PRICE SPLIT, 2013-2023 (USD/KWH)
      • 5.2.1.4 Established market for 3 wheelers in urban transportation
    • FIGURE 29 ASIA PACIFIC: ELECTRIC 3 WHEELER SALES, 2020-2023 (THOUSAND UNITS)
      • 5.2.1.5 Stringent emission norms and environmental regulations
    • TABLE 16 EMISSION REGULATION SPECIFICATIONS OF KEY COUNTRIES, BY FUEL TYPE, 2016-2023
    • 5.2.2 RESTRAINTS
      • 5.2.2.1 Lack of charging infrastructure
    • FIGURE 30 EV CHARGING STATION NETWORK IN INDIA
      • 5.2.2.2 Limited power output, range, and speed
    • TABLE 17 ELECTRIC 3 WHEELER RANGE
    • 5.2.3 OPPORTUNITIES
      • 5.2.3.1 Automobile manufacturer- and customer-oriented policies to promote electric 3 wheeler sales
      • 5.2.3.2 Partnerships between OEMs and delivery and logistics fleet operators
    • TABLE 18 INDIA: ROLE OF E-RICKSHAW VS. ELECTRIC AUTO RICKSHAW
    • 5.2.4 CHALLENGES
      • 5.2.4.1 Limited battery capacity
    • TABLE 19 BATTERY CAPACITIES OF POPULAR ELECTRIC 3 WHEELER MODELS
      • 5.2.4.2 High initial investments compared to ICE variants
    • FIGURE 31 AVERAGE TOTAL COST OF CONVENTIONAL VS ELECTRIC 3 WHEELERS (2023)
      • 5.2.4.3 Lack of compatibility, interchangeability, and standardization
    • TABLE 20 ELECTRIC 3 WHEELER MARKET: IMPACT OF MARKET DYNAMICS
  • 5.3 VALUE CHAIN ANALYSIS
    • FIGURE 32 ELECTRIC 3 WHEELER MARKET: VALUE CHAIN ANALYSIS
  • 5.4 PRICING ANALYSIS
    • 5.4.1 OEM-WISE PRICING ANALYSIS
    • TABLE 21 OEM ELECTRIC 3 WHEELER PRICING ANALYSIS, 2023 (USD)
    • 5.4.2 ASIA PACIFIC: AVERAGE SELLING PRICE TREND
    • TABLE 22 ELECTRIC 3 WHEELER MARKET: ASIA PACIFIC AVERAGE PRICE TREND, 2020-2030
    • FIGURE 33 VOLUME WEIGHTED AVERAGE LITHIUM-ION BATTERY PACK AND CELL PRICE SPLIT, 2013-2023 (USD/KWH)
  • 5.5 ECOSYSTEM ANALYSIS
    • FIGURE 34 ELECTRIC 3 WHEELER MARKET ECOSYSTEM ANALYSIS
    • 5.5.1 OEMS
    • 5.5.2 RAW MATERIAL SUPPLIERS
    • 5.5.3 BATTERY MANUFACTURERS
    • 5.5.4 CHARGING INFRASTRUCTURE PROVIDERS
    • 5.5.5 POWERTRAIN MANUFACTURERS
    • 5.5.6 COMPONENT MANUFACTURERS
    • TABLE 23 ELECTRIC 3 WHEELER MARKET: ROLE OF COMPANIES IN ECOSYSTEM
  • 5.6 TOTAL COST OF OWNERSHIP (TCO) ANALYSIS
    • TABLE 24 TCO COMPARISON ACROSS ELECTRIC 3W VS DIESEL 3W VEHICLES (2023)
    • TABLE 25 TCO COMPARISON ACROSS ELECTRIC 3W VS DIESEL 3W VEHICLES (2030)
  • 5.7 BILL OF MATERIALS (BOM) ANALYSIS
    • FIGURE 35 BILL OF MATERIALS FOR ELECTRIC 3 WHEELER COMPONENTS (2023)
  • 5.8 INVESTMENT AND FUNDING SCENARIO
    • FIGURE 36 ELECTRIC 3 WHEELER MARKET: INVESTMENT AND FUNDING SCENARIO, 2020-2023
  • 5.9 KEY STAKEHOLDERS AND BUYING CRITERIA
    • 5.9.1 PASSENGER CARRIERS
    • 5.9.2 LOAD CARRIERS
  • 5.10 KEY STAKEHOLDERS IN BUYING PROCESS
    • FIGURE 37 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 2 END USES
    • TABLE 26 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 2 END USES (%)
    • 5.10.1 BUYING CRITERIA
    • FIGURE 38 KEY BUYING CRITERIA FOR TOP 2 END USES
    • TABLE 27 KEY BUYING CRITERIA FOR TOP 2 END USES
  • 5.11 TRADE ANALYSIS
    • 5.11.1 IMPORT/EXPORT SCENARIO (HS CODE 870390)
    • TABLE 28 IMPORT DATA FOR HS CODE 870390, BY COUNTRY, 2020-2023 (USD MILLION)
    • TABLE 29 EXPORT DATA FOR HS CODE 870390, BY COUNTRY, 2020-2023 (USD MILLION)
  • 5.12 TECHNOLOGY ANALYSIS
    • 5.12.1 KEY TECHNOLOGIES
      • 5.12.1.1 Regenerative braking systems
    • FIGURE 39 REGENERATIVE BRAKING IN ELECTRIC 3 WHEELERS
      • 5.12.1.2 Solid-state battery (SSB)
    • 5.12.2 COMPLEMENTARY TECHNOLOGIES
      • 5.12.2.1 Battery swapping in electric 3 wheelers
    • FIGURE 40 PHOTOVOLTAIC (PV)-BASED BATTERY SWAPPING STATIONS
    • 5.12.3 ADJACENT TECHNOLOGIES
      • 5.12.3.1 IoT in electric 3 wheelers
    • FIGURE 41 IOT-ENABLED SMART GRID
      • 5.12.3.2 Hydrogen fuel cell
    • FIGURE 42 COMPARISON OF HYDROGEN AND ELECTRIC VEHICLE DRIVE
  • 5.13 PATENT ANALYSIS
    • FIGURE 43 NUMBER OF PUBLISHED PATENTS, 2014-2023
    • 5.13.1 LEGAL STATUS OF PATENTS
    • FIGURE 44 LEGAL STATUS OF PATENTS FILED FOR ELECTRIC 3 WHEELERS
    • 5.13.2 TOP PATENT APPLICANTS
    • FIGURE 45 TOP PATENT APPLICANTS, 2014-2023
    • TABLE 30 PATENT ANALYSIS
  • 5.14 CASE STUDIES
    • 5.14.1 CASE STUDY 1: RACE ENERGY'S BATTERY-SWAPPING SOLUTION
    • 5.14.2 CASE STUDY 2: OPTIMIZING ELECTRIC VEHICLE PERFORMANCE IN WEST BENGAL'S HETEROGENEOUS TRAFFIC
    • 5.14.3 CASE STUDY 3: ALTIGREEN'S ELECTRIC 3 WHEELER CARGO REVOLUTION
    • 5.14.4 CASE STUDY 4: KOCHI'S JOURNEY TO ELECTRIC AUTORICKSHAWS
    • 5.14.5 CASE STUDY 5: TURNO'S ELECTRIC GOODS VEHICLES TRANSFORM DAIRY DISTRIBUTION
    • 5.14.6 CASE STUDY 6: ZYNGO EV MOBILITY'S PATH TO SUSTAINABLE DELIVERY SOLUTIONS IN INDIA
    • 5.14.7 CASE STUDY 7: ELECTRIC 3 WHEELER LOGISTICS FLEET OPERATION WITH CAPTIVE PLUG-IN CHARGING
    • 5.14.8 CASE STUDY 8: ELECTRIC 3 WHEELER LOGISTICS FLEET OPERATION WITH BATTERY SWAPPING
  • 5.15 REGULATORY LANDSCAPE
    • 5.15.1 INDIA
    • TABLE 31 SUBSIDY BY VEHICLE TYPE UNDER FAME II
    • TABLE 32 INDIA: GOVERNMENT INCENTIVES, BY STATE
    • 5.15.2 CHINA
    • 5.15.3 THAILAND
    • 5.15.4 VIETNAM
    • 5.15.5 LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    • TABLE 33 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    • TABLE 34 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    • TABLE 35 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • 5.16 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
    • FIGURE 46 ELECTRIC 3 WHEELER MARKET: TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
  • 5.17 KEY CONFERENCES AND EVENTS
    • TABLE 36 ELECTRIC 3 WHEELER MARKET: LIST OF KEY CONFERENCES AND EVENTS, 2024
  • 5.18 FUNCTIONAL SAFETY (FUSA) IN AUTOMOTIVE
    • TABLE 37 AUTOMOTIVE SAFETY INTEGRITY LEVELS FOR AUTOMOTIVE INDUSTRY
    • FIGURE 47 ASIL FOR ELECTRIFICATION COMPONENTS IN EVS
    • 5.18.1 MAJOR FUNCTIONAL SAFETY (FUSA) USE CASES IN EVS
      • 5.18.1.1 High-power vehicle architecture
      • 5.18.1.2 Battery management systems
      • 5.18.1.3 Current protection systems
      • 5.18.1.4 Thermal management systems
    • 5.18.2 FUNCTIONAL SAFETY TRENDS

6 ELECTRIC 3 WHEELER MARKET, BY END USE

  • 6.1 INTRODUCTION
    • FIGURE 48 LOAD CARRIERS SEGMENT TO REGISTER HIGHER CAGR DURING FORECAST PERIOD
    • TABLE 38 ELECTRIC 3 WHEELER MARKET, BY END USE, 2020-2023 (USD MILLION)
    • TABLE 39 ELECTRIC 3 WHEELER MARKET, BY END USE, 2024-2030 (USD MILLION)
    • TABLE 40 ELECTRIC 3 WHEELER MARKET, BY END USE, 2020-2023 (UNITS)
    • TABLE 41 ELECTRIC 3 WHEELER MARKET, BY END USE, 2024-2030 (UNITS)
    • 6.1.1 OPERATIONAL DATA
    • TABLE 42 TOP-SELLING ELECTRIC 3 WHEELER MODELS, BY END USE
  • 6.2 PASSENGER CARRIERS
    • 6.2.1 DEMAND FOR COST-EFFECTIVE URBAN TRANSPORTATION TO DRIVE MARKET
    • TABLE 43 PASSENGER CARRIERS: ELECTRIC 3 WHEELER MARKET, BY COUNTRY, 2020-2023 (UNITS)
    • TABLE 44 PASSENGER CARRIERS: ELECTRIC 3 WHEELER MARKET, BY COUNTRY, 2024-2030 (UNITS)
  • 6.3 LOAD CARRIERS
    • 6.3.1 GOVERNMENT INCENTIVE SCHEMES AND SUBSIDY PROGRAMS TO DRIVE MARKET
    • TABLE 45 LOAD CARRIERS: ELECTRIC 3 WHEELER MARKET, BY COUNTRY, 2020-2023 (UNITS)
    • TABLE 46 LOAD CARRIERS: ELECTRIC 3 WHEELER MARKET, BY COUNTRY, 2024-2030 (UNITS)
  • 6.4 KEY PRIMARY INSIGHTS

7 ELECTRIC 3 WHEELER MARKET, BY BATTERY TYPE

  • 7.1 INTRODUCTION
    • FIGURE 49 LITHIUM-ION SEGMENT TO LEAD MARKET BY 2030
    • TABLE 47 ELECTRIC 3 WHEELER MARKET, BY BATTERY TYPE, 2020-2023 (UNITS)
    • TABLE 48 ELECTRIC 3 WHEELER MARKET, BY BATTERY TYPE, 2024-2030 (UNITS)
    • 7.1.1 OPERATIONAL DATA
    • TABLE 49 ELECTRIC 3 WHEELER MODELS, BY BATTERY TYPE
    • TABLE 50 REPLACEMENT COST FOR BATTERY PACKS
  • 7.2 LEAD-ACID
    • 7.2.1 DEMAND FOR AFFORDABLE LAST-MILE TRANSPORTATION AND LOGISTICS SERVICES TO DRIVE MARKET
  • 7.3 LITHIUM-ION
    • 7.3.1 ONGOING INNOVATIONS AND ADVANCEMENTS IN BATTERY TECHNOLOGY TO DRIVE MARKET
    • TABLE 51 COST OF POPULAR LITHIUM-ION BATTERIES FOR ELECTRIC 3 WHEELERS
  • 7.4 OTHERS
    • TABLE 52 SODIUM-ION BATTERY PROVIDERS
  • 7.5 KEY PRIMARY INSIGHTS

8 ELECTRIC 3 WHEELER MARKET, BY BATTERY CAPACITY

  • 8.1 INTRODUCTION
    • TABLE 53 TYPES OF BATTERIES AND THEIR CHARACTERISTICS
    • FIGURE 50 5-8 KWH SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD
    • TABLE 54 ELECTRIC 3 WHEELER MARKET, BY BATTERY CAPACITY, 2020-2023 (UNITS)
    • TABLE 55 ELECTRIC 3 WHEELER MARKET, BY BATTERY CAPACITY, 2024-2030 (UNITS)
  • 8.2 BELOW 5 KWH
    • 8.2.1 DEMAND FOR AFFORDABLE AND ZERO-EMISSION TRANSPORTATION TO DRIVE MARKET
    • TABLE 56 BELOW 5 KWH: ELECTRIC 3 WHEELER MARKET, BY MODEL
  • 8.3 5-8 KWH
    • 8.3.1 NEED FOR HIGHER RANGE AND CARRIAGE CAPACITY TO DRIVE MARKET
    • TABLE 57 5-8 KWH: ELECTRIC 3 WHEELER MARKET, BY MODEL
  • 8.4 ABOVE 8 KWH
    • 8.4.1 GROWING DEMAND FOR HIGHER BATTERY CAPACITY FOR LAST-MILE DELIVERY TO DRIVE MARKET
    • TABLE 58 ABOVE 8 KWH: ELECTRIC 3 WHEELER MARKET, BY MODEL
  • 8.5 KEY PRIMARY INSIGHTS

9 ELECTRIC 3 WHEELER MARKET, BY MOTOR TYPE

  • 9.1 INTRODUCTION
    • FIGURE 51 MID MOTOR SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD
    • TABLE 59 ELECTRIC 3 WHEELER MARKET, BY MOTOR TYPE, 2020-2023 (UNITS)
    • TABLE 60 ELECTRIC 3 WHEELER MARKET, BY MOTOR TYPE, 2024-2030 (UNITS)
  • 9.2 HUB MOTORS
    • 9.2.1 NEED FOR RESPONSIVE ACCELERATION, PRECISE CONTROL, AND LOW MAINTENANCE TO DRIVE DEMAND
    • TABLE 61 HUB MOTORS: ELECTRIC 3 WHEELER MARKET, BY COUNTRY, 2020-2023 (UNITS)
    • TABLE 62 HUB MOTOR: ELECTRIC 3 WHEELER MARKET, BY COUNTRY, 2024-2030 (UNITS)
  • 9.3 MID MOTORS
    • 9.3.1 COST-EFFECTIVENESS AND HIGHER EFFICIENCY TO DRIVE DEMAND
    • TABLE 63 MID MOTORS: ELECTRIC 3 WHEELER MARKET, BY COUNTRY, 2020-2023 (UNITS)
    • TABLE 64 MID MOTORS: ELECTRIC 3 WHEELER MARKET, BY COUNTRY, 2024-2030 (UNITS)
  • 9.4 OTHER MOTORS
  • 9.5 KEY PRIMARY INSIGHTS

10 ELECTRIC 3 WHEELER MARKET, BY MOTOR POWER

  • 10.1 INTRODUCTION
    • FIGURE 52 1,500-2,500 W SEGMENT TO LEAD MARKET DURING FORECAST PERIOD
    • TABLE 65 ELECTRIC 3 WHEELER MARKET, BY MOTOR POWER, 2020-2023 (UNITS)
    • TABLE 66 ELECTRIC 3 WHEELER MARKET, BY MOTOR POWER, 2024-2030 (UNITS)
    • 10.1.1 OPERATIONAL DATA
    • TABLE 67 POPULAR ELECTRIC 3 WHEELER MODELS, BY MOTOR POWER
    • FIGURE 53 ELECTRIC 3 WHEELER POWERTRAIN ARCHITECTURE
    • TABLE 68 FACTORS DECIDING MOTOR POWER OF ELECTRIC 3 WHEELERS
  • 10.2 BELOW 1,500 W
    • 10.2.1 DECARBONIZATION OBJECTIVES AND STRINGENT GOVERNMENT EMISSION REGULATIONS TO DRIVE MARKET
    • TABLE 69 BELOW 1,500 W: ELECTRIC 3 WHEELER MARKET, BY COUNTRY, 2020-2023 (UNITS)
    • TABLE 70 BELOW 1,500 W: ELECTRIC 3 WHEELER MARKET, BY COUNTRY, 2024-2030 (UNITS)
  • 10.3 1,500-2,500 W
    • 10.3.1 GROWING FOCUS OF OEMS ON PERFORMANCE ENHANCEMENT TO DRIVE MARKET
    • TABLE 71 1,500-2,500 W: ELECTRIC 3 WHEELER MARKET, BY COUNTRY, 2020-2023 (UNITS)
    • TABLE 72 1,500-2,500 W: ELECTRIC 3 WHEELER MARKET, BY COUNTRY, 2024-2030 (UNITS)
  • 10.4 ABOVE 2,500 W
    • 10.4.1 CONTINUED INNOVATION AND INVESTMENT IN ELECTRIC VEHICLE TECHNOLOGY TO DRIVE MARKET
    • TABLE 73 ABOVE 2,500 W: ELECTRIC 3 WHEELER MARKET, BY COUNTRY, 2020-2023 (UNITS)
    • TABLE 74 ABOVE 2,500 W: ELECTRIC 3 WHEELER MARKET, BY COUNTRY, 2024-2030 (UNITS)
  • 10.5 KEY PRIMARY INSIGHTS

11 ELECTRIC 3 WHEELER MARKET, BY PAYLOAD CAPACITY

  • 11.1 INTRODUCTION
    • FIGURE 54 300-500 KG SEGMENT TO LEAD MARKET DURING FORECAST PERIOD
    • TABLE 75 ELECTRIC 3 WHEELER MARKET, BY PAYLOAD CAPACITY, 2020-2023 (UNITS)
    • TABLE 76 ELECTRIC 3 WHEELER MARKET, BY PAYLOAD CAPACITY, 2024-2030 (UNITS)
  • 11.2 UP TO 300 KG
    • 11.2.1 INCREASING DEMAND FOR AFFORDABLE ELECTRIC 3 WHEELERS TO DRIVE MARKET
  • 11.3 300-500 KG
    • 11.3.1 INCREASING DEMAND IN E-COMMERCE AND LOGISTICS TO DRIVE SEGMENT
    • TABLE 77 300-500 KG LOAD CAPACITY MODELS
  • 11.4 ABOVE 500 KG
    • 11.4.1 GROWING DEMAND FOR SUSTAINABLE TRANSPORTATION SOLUTIONS IN LOGISTICS INDUSTRY TO DRIVE MARKET
    • TABLE 78 ABOVE 500 KG PAYLOAD CAPACITY MODELS
  • 11.5 KEY PRIMARY INSIGHTS

12 ELECTRIC 3 WHEELER MARKET, BY RANGE

  • 12.1 INTRODUCTION
    • FIGURE 55 LESS THAN 50 MILES SEGMENT TO LEAD MARKET DURING FORECAST PERIOD
    • TABLE 79 ELECTRIC 3 WHEELER MARKET, BY RANGE, 2020-2023 (UNITS)
    • TABLE 80 ELECTRIC 3 WHEELER MARKET, BY RANGE, 2024-2030 (UNITS)
  • 12.2 LESS THAN 50 MILES
    • 12.2.1 DEMAND FOR SHORT-DISTANCE URBAN COMMUTING AND TRANSPORTATION TO DRIVE SEGMENT
    • 12.2.2 OPERATIONAL DATA
    • TABLE 81 ELECTRIC 3 WHEELER MODELS WITH LESS THAN 50 MILES RANGE
    • TABLE 82 LESS THAN 50 MILES: ELECTRIC 3 WHEELER MARKET, BY COUNTRY, 2020-2023 (UNITS)
    • TABLE 83 LESS THAN 50 MILES: ELECTRIC 3 WHEELER MARKET, BY COUNTRY, 2024-2030 (UNITS)
  • 12.3 ABOVE 50 MILES
    • 12.3.1 IMPROVEMENT IN BATTERY TECHNOLOGY TO DRIVE SEGMENT
    • 12.3.2 OPERATIONAL DATA
    • TABLE 84 ELECTRIC 3 WHEELER MODELS WITH ABOVE 50 MILES RANGE
    • TABLE 85 ABOVE 50 MILES: ELECTRIC 3 WHEELER MARKET, BY COUNTRY, 2020-2023 (UNITS)
    • TABLE 86 ABOVE 50 MILES: ELECTRIC 3 WHEELER MARKET, BY COUNTRY, 2024-2030 (UNITS)
  • 12.4 KEY PRIMARY INSIGHTS

13 ELECTRIC 3 WHEELER MARKET, BY REGION

  • 13.1 INTRODUCTION
    • FIGURE 56 ASIA PACIFIC: ELECTRIC 3 WHEELER MARKET, BY COUNTRY, 2024 VS. 2030
    • TABLE 87 ASIA PACIFIC: ELECTRIC 3 WHEELER MARKET, BY COUNTRY, 2020-2023 (UNITS)
    • TABLE 88 ASIA PACIFIC: ELECTRIC 3 WHEELER MARKET, BY COUNTRY, 2024-2030 (UNITS)
    • TABLE 89 ASIA PACIFIC: ELECTRIC 3 WHEELER MARKET, BY END USE, 2020-2023 (USD MILLION)
    • TABLE 90 ASIA PACIFIC: ELECTRIC 3 WHEELER MARKET, BY END USE, 2024-2030 (USD MILLION)
  • 13.2 ASIA PACIFIC
    • FIGURE 57 ASIA PACIFIC: ELECTRIC 3 WHEELER MARKET SNAPSHOT
    • 13.2.1 RECESSION IMPACT ANALYSIS
    • 13.2.2 INDIA
      • 13.2.2.1 Increasing trend of last-mile delivery and battery swapping to drive market
    • TABLE 91 INDIA: GOVERNMENT SUBSIDIES AND INCENTIVES FOR ELECTRIC 3 WHEELERS, BY STATE
    • TABLE 92 COMPANIES ADOPTING ELECTRIC 3 WHEELER LOAD CARRIERS IN INDIA
    • TABLE 93 DEVELOPMENTS OF BATTERY SWAPPING STATIONS IN INDIA
    • TABLE 94 INDIA: ELECTRIC 3 WHEELER MARKET, BY END USE, 2020-2023 (UNITS)
    • TABLE 95 INDIA: ELECTRIC 3 WHEELER MARKET, BY END USE, 2024-2030 (UNITS)
    • TABLE 96 INDIA: ELECTRIC 3 WHEELER MARKET, BY MOTOR POWER, 2020-2023 (UNITS)
    • TABLE 97 INDIA: ELECTRIC 3 WHEELER MARKET, BY MOTOR POWER, 2024-2030 (UNITS)
    • TABLE 98 INDIA: ELECTRIC 3 WHEELER MARKET, BY RANGE, 2020-2023 (UNITS)
    • TABLE 99 INDIA: ELECTRIC 3 WHEELER MARKET, BY RANGE, 2024-2030 (UNITS)
    • TABLE 100 INDIA: ELECTRIC 3 WHEELER MARKET, BY BATTERY TYPE, 2020-2023 (UNITS)
    • TABLE 101 INDIA: ELECTRIC 3 WHEELER MARKET, BY BATTERY TYPE, 2024-2030 (UNITS)
    • TABLE 102 INDIA: ELECTRIC 3 WHEELER MARKET, BY BATTERY CAPACITY, 2020-2023 (UNITS)
    • TABLE 103 INDIA: ELECTRIC 3 WHEELER MARKET, BY BATTERY CAPACITY, 2024-2030 (UNITS)
    • TABLE 104 INDIA: ELECTRIC 3 WHEELER MARKET, BY PAYLOAD CAPACITY, 2020-2023 (UNITS)
    • TABLE 105 INDIA: ELECTRIC 3 WHEELER MARKET, BY PAYLOAD CAPACITY, 2024-2030 (UNITS)
    • TABLE 106 INDIA: ELECTRIC 3 WHEELER MARKET, BY MOTOR TYPE, 2020-2023 (UNITS)
    • TABLE 107 INDIA: ELECTRIC 3 WHEELER MARKET, BY MOTOR TYPE, 2024-2030 (UNITS)
    • 13.2.3 JAPAN
      • 13.2.3.1 Government focus on improving electric vehicle ecosystem to drive market
    • TABLE 108 GOVERNMENT INITIATIVES FOR EV ADOPTION IN JAPAN
    • TABLE 109 JAPAN: ELECTRIC 3 WHEELER MARKET, BY END USE, 2020-2023 (UNITS)
    • TABLE 110 JAPAN: ELECTRIC 3 WHEELER MARKET, BY END USE, 2024-2030 (UNITS)
    • TABLE 111 JAPAN: ELECTRIC 3 WHEELER MARKET, BY MOTOR POWER, 2020-2023 (UNITS)
    • TABLE 112 JAPAN: ELECTRIC 3 WHEELER MARKET, BY MOTOR POWER, 2024-2030 (UNITS)
    • TABLE 113 JAPAN: ELECTRIC 3 WHEELER MARKET, BY RANGE, 2020-2023 (UNITS)
    • TABLE 114 JAPAN: ELECTRIC 3 WHEELER MARKET, BY RANGE, 2024-2030 (UNITS)
    • TABLE 115 JAPAN: ELECTRIC 3 WHEELER MARKET, BY BATTERY TYPE, 2020-2023 (UNITS)
    • TABLE 116 JAPAN: ELECTRIC 3 WHEELER MARKET, BY BATTERY TYPE, 2024-2030 (UNITS)
    • TABLE 117 JAPAN: ELECTRIC 3 WHEELER MARKET, BY BATTERY CAPACITY, 2020-2023 (UNITS)
    • TABLE 118 JAPAN: ELECTRIC 3 WHEELER MARKET, BY BATTERY CAPACITY, 2024-2030 (UNITS)
    • TABLE 119 JAPAN: ELECTRIC 3 WHEELER MARKET, BY MOTOR TYPE, 2020-2023 (UNITS)
    • TABLE 120 JAPAN: ELECTRIC 3 WHEELER MARKET, BY MOTOR TYPE, 2024-2030 (UNITS)
    • 13.2.4 THAILAND
      • 13.2.4.1 Growing demand for e-tuk-tuk for local transport to drive market
    • TABLE 121 GOVERNMENT INITIATIVES FOR EV ADOPTION IN THAILAND
    • TABLE 122 THAILAND: ELECTRIC 3 WHEELER MARKET, BY END USE, 2020-2023 (UNITS)
    • TABLE 123 THAILAND: ELECTRIC 3 WHEELER MARKET, BY END USE, 2024-2030 (UNITS)
    • TABLE 124 THAILAND: ELECTRIC 3 WHEELER MARKET, BY MOTOR POWER, 2020-2023 (UNITS)
    • TABLE 125 THAILAND: ELECTRIC 3 WHEELER MARKET, BY MOTOR POWER, 2024-2030 (UNITS)
    • TABLE 126 THAILAND: ELECTRIC 3 WHEELER MARKET, BY RANGE, 2020-2023 (UNITS)
    • TABLE 127 THAILAND: ELECTRIC 3 WHEELER MARKET, BY RANGE, 2024-2030 (UNITS)
    • TABLE 128 THAILAND: ELECTRIC 3 WHEELER MARKET, BY BATTERY TYPE, 2020-2023 (UNITS)
    • TABLE 129 THAILAND: ELECTRIC 3 WHEELER MARKET, BY BATTERY TYPE, 2024-2030 (UNITS)
    • TABLE 130 THAILAND: ELECTRIC 3 WHEELER MARKET, BY BATTERY CAPACITY, 2020-2023 (UNITS)
    • TABLE 131 THAILAND: ELECTRIC 3 WHEELER MARKET, BY BATTERY CAPACITY, 2024-2030 (UNITS)
    • TABLE 132 THAILAND: ELECTRIC 3 WHEELER MARKET, BY MOTOR TYPE, 2020-2023 (UNITS)
    • TABLE 133 THAILAND: ELECTRIC 3 WHEELER MARKET, BY BATTERY MOTOR TYPE, 2024-2030 (UNITS)
    • 13.2.5 BANGLADESH
      • 13.2.5.1 Developments by major OEMs to drive market
    • TABLE 134 ELECTRIC 3 WHEELER DEVELOPMENTS IN BANGLADESH
    • TABLE 135 BANGLADESH: ELECTRIC 3 WHEELER MARKET, BY END USE, 2020-2023 (UNITS)
    • TABLE 136 BANGLADESH: ELECTRIC 3 WHEELER MARKET, BY END USE, 2024-2030 (UNITS)
    • TABLE 137 BANGLADESH: ELECTRIC 3 WHEELER MARKET, BY MOTOR POWER, 2020-2023 (UNITS)
    • TABLE 138 BANGLADESH: ELECTRIC 3 WHEELER MARKET, BY MOTOR POWER, 2024-2030 (UNITS)
    • TABLE 139 BANGLADESH: ELECTRIC 3 WHEELER MARKET, BY RANGE, 2020-2023 (UNITS)
    • TABLE 140 BANGLADESH: ELECTRIC 3 WHEELER MARKET, BY RANGE, 2024-2030 (UNITS)
    • TABLE 141 BANGLADESH: ELECTRIC 3 WHEELER MARKET, BY BATTERY TYPE, 2020-2023 (UNITS)
    • TABLE 142 BANGLADESH: ELECTRIC 3 WHEELER MARKET, BY BATTERY TYPE, 2024-2030 (UNITS)
    • TABLE 143 BANGLADESH: ELECTRIC 3 WHEELER MARKET, BY BATTERY CAPACITY, 2020-2023 (UNITS)
    • TABLE 144 BANGLADESH: ELECTRIC 3 WHEELER MARKET, BY BATTERY CAPACITY, 2024-2030 (UNITS)
    • TABLE 145 BANGLADESH: ELECTRIC 3 WHEELER MARKET, BY MOTOR TYPE, 2020-2023 (UNITS)
    • TABLE 146 BANGLADESH: ELECTRIC 3 WHEELER MARKET, BY MOTOR TYPE, 2024-2030 (UNITS)
    • 13.2.6 NEPAL
      • 13.2.6.1 Private sector financing to drive market
    • TABLE 147 GOVERNMENT INITIATIVES FOR EV ADOPTION IN NEPAL
    • TABLE 148 MAJOR ELECTRIC 3 WHEELER INVESTMENTS PROPOSED IN NEPAL
    • TABLE 149 NEPAL: ELECTRIC 3 WHEELER MARKET, BY END USE, 2020-2023 (UNITS)
    • TABLE 150 NEPAL: ELECTRIC 3 WHEELER MARKET, BY END USE, 2024-2030 (UNITS)
    • TABLE 151 NEPAL: ELECTRIC 3 WHEELER MARKET, BY MOTOR POWER, 2020-2023 (UNITS)
    • TABLE 152 NEPAL: ELECTRIC 3 WHEELER MARKET, BY MOTOR POWER, 2024-2030 (UNITS)
    • TABLE 153 NEPAL: ELECTRIC 3 WHEELER MARKET, BY RANGE, 2020-2023 (UNITS)
    • TABLE 154 NEPAL: ELECTRIC 3 WHEELER MARKET, BY RANGE, 2024-2030 (UNITS)
    • TABLE 155 NEPAL: ELECTRIC 3 WHEELER MARKET, BY BATTERY TYPE, 2020-2023 (UNITS)
    • TABLE 156 NEPAL: ELECTRIC 3 WHEELER MARKET, BY BATTERY TYPE, 2024-2030 (UNITS)
    • TABLE 157 NEPAL: ELECTRIC 3 WHEELER MARKET, BY BATTERY CAPACITY, 2020-2023 (UNITS)
    • TABLE 158 NEPAL: ELECTRIC 3 WHEELER MARKET, BY BATTERY CAPACITY, 2024-2030 (UNITS)
    • TABLE 159 NEPAL: ELECTRIC 3 WHEELER MARKET, BY MOTOR TYPE, 2020-2023 (UNITS)
    • TABLE 160 NEPAL: ELECTRIC 3 WHEELER MARKET, BY MOTOR TYPE, 2024-2030 (UNITS)
    • 13.2.7 SRI LANKA
      • 13.2.7.1 OEM initiatives towards green mobility to drive market
    • TABLE 161 LITHIUM-ION BATTERY IMPORTERS IN SRI LANKA (2023)
    • TABLE 162 SRI LANKA: ELECTRIC 3 WHEELER MARKET, BY END USE, 2020-2023 (UNITS)
    • TABLE 163 SRI LANKA: ELECTRIC 3 WHEELER MARKET, BY END USE, 2024-2030 (UNITS)
    • TABLE 164 SRI LANKA: ELECTRIC 3 WHEELER MARKET, BY MOTOR POWER, 2020-2023 (UNITS)
    • TABLE 165 SRI LANKA: ELECTRIC 3 WHEELER MARKET, BY MOTOR POWER, 2024-2030 (UNITS)
    • TABLE 166 SRI LANKA: ELECTRIC 3 WHEELER MARKET, BY RANGE, 2020-2023 (UNITS)
    • TABLE 167 SRI LANKA: ELECTRIC 3 WHEELER MARKET, BY RANGE, 2024-2030 (UNITS)
    • TABLE 168 SRI LANKA: ELECTRIC 3 WHEELER MARKET, BY BATTERY TYPE, 2020-2023 (UNITS)
    • TABLE 169 SRI LANKA: ELECTRIC 3 WHEELER MARKET, BY BATTERY TYPE, 2024-2030 (UNITS)
    • TABLE 170 SRI LANKA: ELECTRIC 3 WHEELER MARKET, BY BATTERY CAPACITY, 2020-2023 (UNITS)
    • TABLE 171 SRI LANKA: ELECTRIC 3 WHEELER MARKET, BY BATTERY CAPACITY, 2024-2030 (UNITS)
    • TABLE 172 SRI LANKA: ELECTRIC 3 WHEELER MARKET, BY MOTOR TYPE, 2020-2023 (UNITS)
    • TABLE 173 SRI LANKA: ELECTRIC 3 WHEELER MARKET, BY MOTOR TYPE, 2024-2030 (UNITS)
    • 13.2.8 INDONESIA
      • 13.2.8.1 Removal of import duties and luxury tax on EVs to drive market
    • TABLE 174 GOVERNMENT INITIATIVES FOR EV ADOPTION IN INDONESIA
    • TABLE 175 INDONESIA: ELECTRIC 3 WHEELER MARKET, BY END USE, 2020-2023 (UNITS)
    • TABLE 176 INDONESIA: ELECTRIC 3 WHEELER MARKET, BY END USE, 2024-2030 (UNITS)
    • TABLE 177 INDONESIA: ELECTRIC 3 WHEELER MARKET, BY MOTOR POWER, 2020-2023 (UNITS)
    • TABLE 178 INDONESIA: ELECTRIC 3 WHEELER MARKET, BY MOTOR POWER, 2024-2030 (UNITS)
    • TABLE 179 INDONESIA: ELECTRIC 3 WHEELER MARKET, BY RANGE, 2020-2023 (UNITS)
    • TABLE 180 INDONESIA: ELECTRIC 3 WHEELER MARKET, BY RANGE, 2024-2030 (UNITS)
    • TABLE 181 INDONESIA: ELECTRIC 3 WHEELER MARKET, BY BATTERY TYPE, 2020-2023 (UNITS)
    • TABLE 182 INDONESIA: ELECTRIC 3 WHEELER MARKET, BY BATTERY TYPE, 2024-2030 (UNITS)
    • TABLE 183 INDONESIA: ELECTRIC 3 WHEELER MARKET, BY BATTERY CAPACITY, 2020-2023 (UNITS)
    • TABLE 184 INDONESIA: ELECTRIC 3 WHEELER MARKET, BY BATTERY CAPACITY, 2024-2030 (UNITS)
    • TABLE 185 INDONESIA: ELECTRIC 3 WHEELER MARKET, BY MOTOR TYPE, 2020-2023 (UNITS)
    • TABLE 186 INDONESIA: ELECTRIC 3 WHEELER MARKET, BY MOTOR TYPE, 2024-2030 (UNITS)
    • 13.2.9 PHILIPPINES
      • 13.2.9.1 Rising tourism sector to drive market
    • TABLE 187 GOVERNMENT INITIATIVES FOR EV ADOPTION IN PHILIPPINES
    • TABLE 188 PHILIPPINES: ELECTRIC 3 WHEELER MARKET, BY END USE, 2020-2023 (UNITS)
    • TABLE 189 PHILIPPINES: ELECTRIC 3 WHEELER MARKET, BY END USE, 2024-2030 (UNITS)
    • TABLE 190 PHILIPPINES: ELECTRIC 3 WHEELER MARKET, BY MOTOR POWER, 2020-2023 (UNITS)
    • TABLE 191 PHILIPPINES: ELECTRIC 3 WHEELER MARKET, BY MOTOR POWER, 2024-2030 (UNITS)
    • TABLE 192 PHILIPPINES: ELECTRIC 3 WHEELER MARKET, BY RANGE, 2020-2023 (UNITS)
    • TABLE 193 PHILIPPINES: ELECTRIC 3 WHEELER MARKET, BY RANGE, 2024-2030 (UNITS)
    • TABLE 194 PHILIPPINES: ELECTRIC 3 WHEELER MARKET, BY BATTERY TYPE, 2020-2023 (UNITS)
    • TABLE 195 PHILIPPINES: ELECTRIC 3 WHEELER MARKET, BY BATTERY TYPE, 2024-2030 (UNITS)
    • TABLE 196 PHILIPPINES: ELECTRIC 3 WHEELER MARKET, BY BATTERY CAPACITY, 2020-2023 (UNITS)
    • TABLE 197 PHILIPPINES: ELECTRIC 3 WHEELER MARKET, BY BATTERY CAPACITY, 2024-2030 (UNITS)
    • TABLE 198 PHILIPPINES: ELECTRIC 3 WHEELER MARKET, BY MOTOR TYPE, 2020-2023 (UNITS)
    • TABLE 199 PHILIPPINES: ELECTRIC 3 WHEELER MARKET, BY MOTOR TYPE, 2024-2030 (UNITS)
    • 13.2.10 VIETNAM
      • 13.2.10.1 Supportive government policies for EV adoption to improve air quality to drive market
    • TABLE 200 VIETNAM: ELECTRIC 3 WHEELER MARKET, BY END USE, 2020-2023 (UNITS)
    • TABLE 201 VIETNAM: ELECTRIC 3 WHEELER MARKET, BY END USE, 2024-2030 (UNITS)
    • TABLE 202 VIETNAM: ELECTRIC 3 WHEELER MARKET, BY MOTOR POWER, 2020-2023 (UNITS)
    • TABLE 203 VIETNAM: ELECTRIC 3 WHEELER MARKET, BY MOTOR POWER, 2024-2030 (UNITS)
    • TABLE 204 VIETNAM: ELECTRIC 3 WHEELER MARKET, BY RANGE, 2020-2023 (UNITS)
    • TABLE 205 VIETNAM: ELECTRIC 3 WHEELER MARKET, BY RANGE, 2024-2030 (UNITS)
    • TABLE 206 VIETNAM: ELECTRIC 3 WHEELER MARKET, BY BATTERY TYPE, 2020-2023 (UNITS)
    • TABLE 207 VIETNAM: ELECTRIC 3 WHEELER MARKET, BY BATTERY TYPE, 2024-2030 (UNITS)
    • TABLE 208 VIETNAM: ELECTRIC 3 WHEELER MARKET, BY BATTERY CAPACITY, 2020-2023 (UNITS)
    • TABLE 209 VIETNAM: ELECTRIC 3 WHEELER MARKET, BY BATTERY CAPACITY, 2024-2030 (UNITS)
    • TABLE 210 VIETNAM: ELECTRIC 3 WHEELER MARKET, BY MOTOR TYPE, 2020-2023 (UNITS)
    • TABLE 211 VIETNAM: ELECTRIC 3 WHEELER MARKET, BY MOTOR TYPE, 2024-2030 (UNITS)
    • 13.2.11 CHINA
      • 13.2.11.1 Improved charging infrastructure to drive market
    • TABLE 212 EV INFRASTRUCTURE IN CHINA
    • TABLE 213 EV BATTERY MANUFACTURERS IN CHINA
    • 13.2.12 SINGAPORE
      • 13.2.12.1 Government focus on green mobility to drive market
    • TABLE 214 GOVERNMENT INITIATIVES FOR EV ADOPTION IN SINGAPORE
  • 13.3 EUROPE
    • 13.3.1 RECESSION IMPACT ANALYSIS
    • 13.3.2 GERMANY
      • 13.3.2.1 Growing micro-mobility and cargo last-mile delivery demand to drive market
    • TABLE 215 GOVERNMENT INITIATIVES FOR EV ADOPTION IN GERMANY
    • 13.3.3 FRANCE
      • 13.3.3.1 Need for zero-emission last-mile delivery to drive market
    • TABLE 216 GOVERNMENT INITIATIVES FOR EV ADOPTION IN FRANCE
    • 13.3.4 SPAIN
      • 13.3.4.1 Government support and incentives to drive market
    • TABLE 217 GOVERNMENT INITIATIVES FOR EV ADOPTION IN SPAIN
    • 13.3.5 ITALY
      • 13.3.5.1 Strong R&D ecosystem for electric 3 wheelers to drive market
    • TABLE 218 GOVERNMENT INITIATIVES FOR EV ADOPTION IN ITALY
    • 13.3.6 UK
      • 13.3.6.1 Government plans to electrify all on-road vehicles from 2035 to drive market
    • TABLE 219 GOVERNMENT INITIATIVES FOR EV ADOPTION IN UK
  • 13.4 NORTH AMERICA
    • 13.4.1 RECESSION IMPACT ANALYSIS
    • 13.4.2 US
      • 13.4.2.1 Government plans to slash tailpipe emissions by 49% by 2032 to drive market
    • TABLE 220 GOVERNMENT INITIATIVES FOR EV ADOPTION IN US
    • 13.4.3 CANADA
      • 13.4.3.1 Demand for electric trikes for personal use to drive market
    • TABLE 221 GOVERNMENT INITIATIVES FOR EV ADOPTION IN CANADA
  • 13.5 REST OF THE WORLD
    • 13.5.1 RECESSION IMPACT ANALYSIS
    • 13.5.2 SAUDI ARABIA
      • 13.5.2.1 Backing from public investment fund to drive market
    • 13.5.3 SOUTH AFRICA
      • 13.5.3.1 Increase in EV imports and improvement in EV charging infrastructure to drive market
    • 13.5.4 UAE
      • 13.5.4.1 National electric vehicles policy to drive market

14 COMPETITIVE LANDSCAPE

  • 14.1 OVERVIEW
  • 14.2 KEY PLAYER STRATEGIES, 2021-2024
    • TABLE 222 KEY PLAYER STRATEGIES, JANUARY 2021- MARCH 2024
  • 14.3 MARKET SHARE ANALYSIS
    • TABLE 223 MARKET SHARE ANALYSIS OF TOP FIVE PLAYERS, 2023
    • FIGURE 58 MARKET SHARE ANALYSIS OF KEY PLAYERS, 2023
  • 14.4 REVENUE ANALYSIS
    • FIGURE 59 REVENUE ANALYSIS OF KEY PLAYERS, 2018-2022
  • 14.5 COMPANY VALUATION AND FINANCIAL METRICS
    • FIGURE 60 COMPANY VALUATION OF ELECTRIC 3 WHEELER MANUFACTURERS
    • FIGURE 61 FINANCIAL METRICS OF ELECTRIC 3 WHEELER MANUFACTURERS
  • 14.6 BRAND/PRODUCT COMPARISON
    • FIGURE 62 BRAND/PRODUCT COMPARISON OF TOP FIVE PLAYERS
  • 14.7 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023
    • 14.7.1 STARS
    • 14.7.2 EMERGING LEADERS
    • 14.7.3 PERVASIVE PLAYERS
    • 14.7.4 PARTICIPANTS
    • FIGURE 63 ELECTRIC 3 WHEELER MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2023
    • 14.7.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023
    • FIGURE 64 ELECTRIC 3 WHEELER MARKET: COMPANY FOOTPRINT, 2023
    • TABLE 224 ELECTRIC 3 WHEELER MARKET: REGION FOOTPRINT, 2023
    • TABLE 225 ELECTRIC 3 WHEELER MARKET: PRODUCT FOOTPRINT, 2023
    • TABLE 226 ELECTRIC 3 WHEELER MARKET: END USE FOOTPRINT, 2023
    • TABLE 227 ELECTRIC 3 WHEELER MARKET: APPLICATION FOOTPRINT, 2023
  • 14.8 COMPANY EVALUATION MATRIX: START-UPS/SMES, 2023
    • 14.8.1 PROGRESSIVE COMPANIES
    • 14.8.2 RESPONSIVE COMPANIES
    • 14.8.3 DYNAMIC COMPANIES
    • 14.8.4 STARTING BLOCKS
    • FIGURE 65 ELECTRIC 3 WHEELER MARKET: COMPANY EVALUATION MATRIX (START-UPS/SMES), 2023
    • 14.8.5 COMPETITIVE BENCHMARKING
    • TABLE 228 KEY START-UPS/SMES
    • TABLE 229 COMPETITIVE BENCHMARKING OF KEY START-UPS/SMES
  • 14.9 COMPETITIVE SCENARIO
    • 14.9.1 PRODUCT LAUNCHES
    • TABLE 230 ELECTRIC 3 WHEELER MARKET: PRODUCT LAUNCHES, JANUARY 2021- MARCH 2024
    • 14.9.2 DEALS
    • TABLE 231 ELECTRIC 3 WHEELER MARKET: DEALS, JANUARY 2021- MARCH 2024
    • 14.9.3 EXPANSIONS
    • TABLE 232 ELECTRIC 3 WHEELER MARKET: EXPANSIONS, JANUARY 2021- MARCH 2024
    • 14.9.4 OTHERS
    • TABLE 233 ELECTRIC 3 WHEELER MARKET: OTHERS, JANUARY 2021- MARCH 2024

15 COMPANY PROFILES

(Business overview, Products/Solutions/Services offered, Recent developments & MnM View)**

  • 15.1 KEY PLAYERS
    • 15.1.1 MAHINDRA&MAHINDRA LTD.
    • TABLE 234 MAHINDRA&MAHINDRA LTD.: COMPANY OVERVIEW
    • FIGURE 66 MAHINDRA&MAHINDRA LTD.: COMPANY SNAPSHOT
    • FIGURE 67 MAHINDRA&MAHINDRA LTD.: MANUFACTURING PLANTS IN INDIA
    • TABLE 235 MAHINDRA&MAHINDRA LTD.: PRODUCTS OFFERED
    • FIGURE 68 MAHINDRA&MAHINDRA LTD.: ELECTRIC 3 WHEELER PRODUCT PORTFOLIO
    • TABLE 236 MAHINDRA&MAHINDRA LTD.: PRODUCT LAUNCHES
    • TABLE 237 MAHINDRA&MAHINDRA LTD.: DEALS
    • TABLE 238 MAHINDRA&MAHINDRA LTD.: EXPANSIONS
    • 15.1.2 YC ELECTRIC VEHICLE
    • TABLE 239 YC ELECTRIC VEHICLE: COMPANY OVERVIEW
    • TABLE 240 YC ELECTRIC VEHICLE: PRODUCTS OFFERED
    • TABLE 241 YC ELECTRIC VEHICLE: PRODUCTS AND FEATURES
    • 15.1.3 SAERA ELECTRIC AUTO PVT. LTD.
    • TABLE 242 SAERA ELECTRIC AUTO PVT. LTD.: COMPANY OVERVIEW
    • TABLE 243 SAERA ELECTRIC AUTO PVT. LTD.: PRODUCTS OFFERED
    • TABLE 244 SAERA ELECTRIC AUTO PVT. LTD.: PRODUCT LAUNCHES
    • TABLE 245 SAERA ELECTRIC AUTO PVT. LTD.: DEALS
    • TABLE 246 SAERA ELECTRIC AUTO PVT. LTD.: EXPANSIONS
    • TABLE 247 SAERA ELECTRIC AUTO PVT. LTD.: OTHERS
    • 15.1.4 PIAGGIO GROUP
    • TABLE 248 PIAGGIO GROUP: COMPANY OVERVIEW
    • FIGURE 69 PIAGGIO GROUP: COMPANY SNAPSHOT
    • TABLE 249 PIAGGIO GROUP: PRODUCTS OFFERED
    • TABLE 250 PIAGGIO GROUP: PRODUCT LAUNCHES
    • TABLE 251 PIAGGIO GROUP: DEALS
    • TABLE 252 PIAGGIO GROUP: EXPANSIONS
    • 15.1.5 CITYLIFE ELECTRIC VEHICLES
    • TABLE 253 CITYLIFE ELECTRIC VEHICLES: COMPANY OVERVIEW
    • TABLE 254 CITYLIFE ELECTRIC VEHICLES: PRODUCTS OFFERED
    • 15.1.6 KINETIC GREEN
    • TABLE 255 KINETIC GREEN: COMPANY OVERVIEW
    • FIGURE 70 KINETIC GREEN: COMPANY SNAPSHOT
    • TABLE 256 KINETIC GREEN: PRODUCTS OFFERED
    • TABLE 257 KINETIC GREEN: PRODUCT LAUNCHES
    • TABLE 258 KINETIC GREEN: DEALS
    • TABLE 259 KINETIC GREEN: EXPANSIONS
    • 15.1.7 MINI METRO EV LLP
    • TABLE 260 MINI METRO EV LLP: COMPANY OVERVIEW
    • TABLE 261 MINI METRO EV LLP: PRODUCTS OFFERED
    • 15.1.8 ATUL AUTO LTD.
    • TABLE 262 ATUL AUTO LTD.: COMPANY OVERVIEW
    • FIGURE 71 ATUL AUTO LTD.: COMPANY SNAPSHOT
    • FIGURE 72 ATUL AUTO LTD.: PRODUCT PORTFOLIO
    • TABLE 263 ATUL AUTO LTD.: PRODUCTS OFFERED
    • TABLE 264 ATUL AUTO LTD.: PRODUCT LAUNCHES
    • TABLE 265 ATUL AUTO LTD.: DEALS
    • TABLE 266 ATUL AUTO LTD.: EXPANSIONS
    • TABLE 267 ATUL AUTO LTD.: OTHERS
    • 15.1.9 TERRA MOTORS CORPORATION
    • TABLE 268 TERRA MOTORS CORPORATION: COMPANY OVERVIEW
    • TABLE 269 TERRA MOTORS CORPORATION: PRODUCTS OFFERED
    • TABLE 270 TERRA MOTORS CORPORATION: PRODUCT LAUNCHES
    • TABLE 271 TERRA MOTORS CORPORATION: DEALS
    • TABLE 272 TERRA MOTORS CORPORATION: EXPANSIONS
    • 15.1.10 LOHIA AUTO INDUSTRIES
    • TABLE 273 LOHIA AUTO INDUSTRIES: COMPANY OVERVIEW
    • FIGURE 73 ELECTRIC UTILITY VEHICLES OFFERED BY LOHIA AUTO INDUSTRIES
    • TABLE 274 LOHIA AUTO INDUSTRIES: PRODUCTS OFFERED
    • 15.1.11 BAJAJ AUTO LTD.
    • TABLE 275 BAJAJ AUTO LTD.: COMPANY OVERVIEW
    • FIGURE 74 BAJAJ AUTO LTD.: COMPANY SNAPSHOT
    • TABLE 276 BAJAJ AUTO LTD.: PRODUCTS OFFERED
    • 15.1.12 OMEGA SEIKI MOBILITY
    • TABLE 277 OMEGA SEIKI MOBILITY: COMPANY OVERVIEW
    • TABLE 278 OMEGA SEIKI MOBILITY: PRODUCTS OFFERED
    • TABLE 279 OMEGA SEIKI MOBILITY: PRODUCT LAUNCHES
    • TABLE 280 OMEGA SEIKI MOBILITY: DEALS
    • TABLE 281 OMEGA SEIKI MOBILITY: EXPANSIONS
  • *Details on Business overview, Products/Solutions/Services offered, Recent developments & MnM View might not be captured in case of unlisted companies.
  • 15.2 OTHER PLAYERS
    • 15.2.1 JIANGSU JINPENG GROUP CO., LTD.
    • 15.2.2 SKYRIDE E RICKSHAW
    • 15.2.3 SHADO GROUP INTERNATIONAL PTE. LTD.
    • 15.2.4 XIANGHE QIANGSHENG ELECTRIC TRICYCLE FACTORY
    • 15.2.5 KYBURZ
    • 15.2.6 PROZZA HIROSE MANUFACTURING INC.
    • 15.2.7 GAYAM MOTOR WORKS PVT. LTD.
    • 15.2.8 BEMAC CORPORATION
    • 15.2.9 J.S. AUTO (P) LTD.
    • 15.2.10 SAARTHI E-RICKSHAW
    • 15.2.11 UNIQUE INTERNATIONAL
    • 15.2.12 EULER MOTERS
    • 15.2.13 LECTRIX EV PRIVATE LIMITED

16 RECOMMENDATIONS BY MARKETSANDMARKETS

  • 16.1 INDIA: KEY FOCUS MARKET FOR ELECTRIC 3 WHEELERS
  • 16.2 LAST-MILE DELIVERY, LOGISTICS, SUPPLY CHAIN, AND WAREHOUSING TO CREATE NEW OPPORTUNITIES FOR MANUFACTURERS
  • 16.3 FALL IN BATTERY PRICES TO BRING DOWN TCO OF ELECTRIC 3 WHEELERS
  • 16.4 CONCLUSION

17 APPENDIX

  • 17.1 KEY INSIGHTS FROM INDUSTRY EXPERTS
  • 17.2 DISCUSSION GUIDE
  • 17.3 KNOWLEDGESTORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
  • 17.4 CUSTOMIZATION OPTIONS
  • 17.5 RELATED REPORTS
  • 17.6 AUTHOR DETAILS
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