PUBLISHER: Market Xcel - Markets and Data | PRODUCT CODE: 1661578
PUBLISHER: Market Xcel - Markets and Data | PRODUCT CODE: 1661578
Africa Electric Three-Wheeler Market Assessment, By Battery Type [Lead Acid, Lithium-Ion, NiMH], By Power Type [Upto 1000W, 1000W-1500W, Above 1500W], By Application [Commercial, Personal], By Region, Opportunities, and Forecast, 2018-2032F
Africa Electric Three-Wheeler Market was valued at USD 75.65 million in 2024 and is anticipated to reach a value of USD 194.65 million at a CAGR of 12.54% during the forecast period between 2025 and 2032. Due to the fact that electric three-wheelers produce fewer emissions than any other type of fuel-based vehicle, there is a rising demand for them in the African nations. Governments in various African nations are increasingly implementing emission-free public transportation networks in an effort to promote low-emission vehicles. As a result, the sales of three-wheelers are rising, which is having a significantly positive impact on the Africa Electric Three-Wheeler Market.
Technological Advancement in Electric Three-Wheeler Drives Market Demand
Technological advancements in electric three-wheelers include innovations in battery technology, and integration of smart technologies, driving the Africa electric three-wheeler market demand in the forecast period. Manufacturers in the automotive market are introducing new high-performance models that are lightweight, fast, robust, spacious, and cover a longer range. In addition, technologically advanced features including regenerative braking and instant acceleration allow drivers to navigate stop-and-go traffic with less effort, driving the advanced electric three-wheeler market growth. Furthermore, the shift towards software-defined vehicles plays a critical role in electric three-wheeler demand as it offers seamless connectivity for a smooth driving experience. This technology enables software controllers to send and receive information. Also, companies in the market are significantly emphasizing fast charging technology in newly launched electric three-wheelers to reduce charging time and establish advanced manufacturing facilities to improve vehicle performance and range, fostering the African electric three-wheeler market.
For instance, in February 2024, Car & General (Kenya) Plc announced the launch of Piaggio electric 3-wheelers in Kenya, which will significantly reduce emissions and noise pollution.
Electric Three-Wheeler - An Eco-Friendly and Efficient Mobility Solution
The pollution rate of electric three-wheelers is practically negligible, making them a viable alternative to ICE vehicles. Since electric three-wheelers are more environment friendly and have lower long-term operating costs than vehicles with fuel-based emissions, the governments in Africa have begun to replace ICE vehicles in their public transit systems, including vehicles like three-wheelers that provide last-mile reach. A further factor driving the market expansion is the three-wheeler owners' preference for electric three-wheelers for shorter commutes due to the growing gasoline, CNG, and diesel costs.
Rapid Growth of Electric Three-Wheeler in E-commerce Market
Due to the rise in e-commerce activities, such as online food ordering services and grocery sales in nations like Nigeria, South Africa, etc., have increased the demand for electric three-wheelers for delivery purposes for cost effective commute due to which the demand for electric three wheelers are expanding quickly in many countries throughout Africa. As many different electric three-wheeler brands are releasing their models in this segment, the market will grow rapidly and achieve deeper market penetration for electric three-wheelers. Such trends are boosting imports and sales of the electric three-wheelers in the African region.
Impact of COVID-19 on Africa Electric Three-Wheeler Market
Due to the lockdown that resulted from the strict social distancing norms implemented by the government to curtail the spread of the COVID-19 pandemic, most of the global production facilities of automotive firms that produced electric three-wheelers were shut down. This had a negative effect on the automotive industry particularly electric three wheelers. After the adverse impact of COVID-19 on business operations, the majority of electric three-wheeler manufacturers have reopened their factories, which will help meet the demand that is escalating quickly in the African countries. In order to increase sales of electric three-wheelers in Africa, many automakers have made the decision to introduce new models in 2022 and beyond.
Post-COVID-19, Africa's economy is recovering as the supply chain concerns get resolved and import trade in the automobile and transportation industry resumed almost at the pre-pandemic levels. Many manufacturers are showing interest in export of electric three wheelers to the African region as there is demand for urban mobility and also improving economic conditions after COVID-19. The government is also taking the initiative towards green mobility after COVID-19 in African regions, especially in countries such as South Africa and Egypt.
Impact of Russia-Ukraine War on Africa Electric Three-Wheeler Market
Russia Ukraine war has disrupted Africa's promising recovery from the pandemic by temporarily impacting trade flow of goods and raw material for automobile and EV industry specifically for batteries. As a result, supply disruption affected the growth of electric three-wheeler market leading to lower sales. Similarly, the surge in prices of components essential for the manufacturing electric three-wheelers was witnessed, which led to a decline in the volume of imports of electric three-wheelers from Africa.
Key Player Landscape and Outlook
Strategic long-term alliances and contracts are expected to play a vital role in maximising the revenue share of commercial companies. Additionally, because of the rising demand, players are emerging from established market. Yamaha Motor Company Limited, Mazi Mobility Company, Lifan Technology (Group) Co., Ltd., ATUL Auto Limited, Mahindra Electric Mobility Limited, Terra Motors Corporation, and Piaggio & C. SpA are some key players dominating the Electric three-wheeler market in Africa.
Table of Contents
1. Research Methodology
2. Product Overview
3. Executive Summary
4. Voice of Customer
5. Africa Electric Three-Wheeler Market Outlook, 2018-2032F
- 5.1. Market Size & Forecast
- 5.1.1. By Value
- 5.1.2. By Volume
- 5.2. Market Share & Forecast
- 5.2.1. By Battery Type
- 5.2.1.1. Lead Acid
- 5.2.1.2. Lithium-ion
- 5.2.1.3. NiMH
- 5.2.2. By Power Type
- 5.2.2.1. Upto 1000W
- 5.2.2.2. 1000W-1500W
- 5.2.2.3. Above 1500W
- 5.2.3. By Application
- 5.2.3.1. Commercial
- 5.2.3.2. Personal
- 5.2.4. By Region
- 5.2.4.1. South Africa
- 5.2.4.2. Ghana
- 5.2.4.3. Mozambique
- 5.2.4.4. Egypt
- 5.2.4.5. Kenya
- 5.2.4.6. Nigeria
- 5.2.4.7. Morocco
- 5.2.4.8. Rest of Africa
- 5.2.1. By Battery Type
6. South Africa Electric Three-Wheeler Market Outlook, 2018-2032F
- 6.1. Market Size & Forecast
- 6.1.1. By Value
- 6.1.2. By Volume
- 6.2. Market Share & Forecast
- 6.2.1. By Battery Type
- 6.2.1.1. Lead Acid
- 6.2.1.2. Lithium-ion
- 6.2.1.3. NiMH
- 6.2.2. By Power Type
- 6.2.2.1. Upto 1000W
- 6.2.2.2. 1000W-1500W
- 6.2.2.3. Above 1500W
- 6.2.3. By Application
- 6.2.3.1. Commercial
- 6.2.3.2. Personal
- 6.2.1. By Battery Type
7. Ghana Electric Three-Wheeler Market Outlook, 2018-2032F
- 7.1. Market Size & Forecast
- 7.1.1. By Value
- 7.1.2. By Volume
- 7.2. Market Share & Forecast
- 7.2.1. By Battery Type
- 7.2.1.1. Lead Acid
- 7.2.1.2. Lithium-ion
- 7.2.1.3. NiMH
- 7.2.2. By Power Type
- 7.2.2.1. Upto 1000W
- 7.2.2.2. 1000W-1500W
- 7.2.2.3. Above 1500W
- 7.2.3. By Application
- 7.2.3.1. Commercial
- 7.2.3.2. Personal
- 7.2.1. By Battery Type
8. Mozambique Electric Three-Wheeler Market Outlook, 2018-2032F
- 8.1. Market Size & Forecast
- 8.1.1. By Value
- 8.1.2. By Volume
- 8.2. Market Share & Forecast
- 8.2.1. By Battery Type
- 8.2.1.1. Lead Acid
- 8.2.1.2. Lithium-ion
- 8.2.1.3. NiMH
- 8.2.2. By Power Type
- 8.2.2.1. Upto 1000W
- 8.2.2.2. 1000W-1500W
- 8.2.2.3. Above 1500W
- 8.2.3. By Application
- 8.2.3.1. Commercial
- 8.2.3.2. Personal
- 8.2.1. By Battery Type
9. Egypt Electric Three-Wheeler Market Outlook, 2018-2032F
- 9.1. Market Size & Forecast
- 9.1.1. By Value
- 9.1.2. By Volume
- 9.2. Market Share & Forecast
- 9.2.1. By Battery Type
- 9.2.1.1. Lead Acid
- 9.2.1.2. Lithium-ion
- 9.2.1.3. NiMH
- 9.2.2. By Power Type
- 9.2.2.1. Upto 1000W
- 9.2.2.2. 1000W-1500W
- 9.2.2.3. Above 1500W
- 9.2.3. By Application
- 9.2.3.1. Commercial
- 9.2.3.2. Personal
- 9.2.1. By Battery Type
10. Kenya Electric Three-Wheeler Market Outlook, 2018-2032F
- 10.1. Market Size & Forecast
- 10.1.1. By Value
- 10.1.2. By Volume
- 10.2. Market Share & Forecast
- 10.2.1. By Battery Type
- 10.2.1.1. Lead Acid
- 10.2.1.2. Lithium-ion
- 10.2.1.3. NiMH
- 10.2.2. By Power Type
- 10.2.2.1. Upto 1000W
- 10.2.2.2. 1000W-1500W
- 10.2.2.3. Above 1500W
- 10.2.3. By Application
- 10.2.3.1. Commercial
- 10.2.3.2. Personal
- 10.2.1. By Battery Type
11. Nigeria Electric Three-Wheeler Market Outlook, 2018-2032F
- 11.1. Market Size & Forecast
- 11.1.1. By Value
- 11.1.2. By Volume
- 11.2. Market Share & Forecast
- 11.2.1. By Battery Type
- 11.2.1.1. Lead Acid
- 11.2.1.2. Lithium-ion
- 11.2.1.3. NiMH
- 11.2.2. By Power Type
- 11.2.2.1. Upto 1000W
- 11.2.2.2. 1000W-1500W
- 11.2.2.3. Above 1500W
- 11.2.3. By Application
- 11.2.3.1. Commercial
- 11.2.3.2. Personal
- 11.2.1. By Battery Type
12. Morocco Electric Three-Wheeler Market Outlook, 2018-2032F
- 12.1. Market Size & Forecast
- 12.1.1. By Value
- 12.1.2. By Volume
- 12.2. Market Share & Forecast
- 12.2.1. By Battery Type
- 12.2.1.1. Lead Acid
- 12.2.1.2. Lithium-ion
- 12.2.1.3. NiMH
- 12.2.2. By Power Type
- 12.2.2.1. Upto 1000W
- 12.2.2.2. 1000W-1500W
- 12.2.2.3. Above 1500W
- 12.2.3. By Application
- 12.2.3.1. Commercial
- 12.2.3.2. Personal
- 12.2.1. By Battery Type
13. Rest of Africa Electric Three-Wheeler Market Outlook, 2018-2032F
- 13.1. Market Size & Forecast
- 13.1.1. By Value
- 13.1.2. By Volume
- 13.2. Market Share & Forecast
- 13.2.1. By Battery Type
- 13.2.1.1. Lead Acid
- 13.2.1.2. Lithium-ion
- 13.2.1.3. NiMH
- 13.2.2. By Power Type
- 13.2.2.1. Upto 1000W
- 13.2.2.2. 1000W-1500W
- 13.2.2.3. Above 1500W
- 13.2.3. By Application
- 13.2.3.1. Commercial
- 13.2.3.2. Personal
- 13.2.1. By Battery Type
14. Africa Electric Three-Wheeler Market Mapping, 2024
- 14.1. By Battery Type
- 14.2. By Power Type
- 14.3. By Application
- 14.4. By Region
15. Macro-Business Environmental Scope
- 15.1. Porter's Five Forces Analysis
- 15.2. PESTEL Analysis
- 15.3. Value Chain Analysis
- 15.4. Pricing Point Analysis
- 15.5. Best Practice Case Studies by Market Leaders (Upto Three)
16. Market Analysis
- 16.1. Growth Opportunities
- 16.2. Growth Inhibitors
17. Key Trends & Developments
18. Key Players Landscape
- 18.1. SWOT Analysis of Top Five Market Leaders
- 18.1.1. Core Competence and Key Value Proposition
- 18.1.2. Areas of Improvement
- 18.1.3. Untapped Scope of Business
- 18.1.4. Market Value Proposed by Competitors
- 18.2. Competition Matrix of Market Leaders
- 18.3. Market Revenue Analysis of Market Leaders (in %, 2024)
- 18.4. Emerging Players and Substitutes (If Any)
- 18.5. Mergers & Acquisitions/ Joint Ventures (If Applicable)
19. Key Players Outlook
- 19.1. Yamaha Motor Company Limited
- 19.1.1. Company Details
- 19.1.2. Products & Services
- 19.1.3. Financials (As Reported)
- 19.1.4. Key Market Focus & Geographical Presence
- 19.1.5. Recent Developments
- 19.1.6. Key Management Personnel
- 19.2. Mazi Mobility Company
- 19.3. Lifan Technology (Group) Co., Ltd.
- 19.4. ATUL Auto Limited
- 19.5. Mahindra Electric Mobility Limited
- 19.6. Terra Motors Corporation
- 19.7. Piaggio & C. SpA
- 19.8. Kinetic Green Energy & Power Solutions Ltd.
- 19.9. Chongqing Zongshen Vehicle Co., Ltd
- 19.10. Huaihai International Development Corporation
20. Strategic Insights & Recommendations
21. About Us & Disclaimer
List of Tables
- Table 1. Competition Matrix of Top 5 Market Leaders
- Table 2. Mergers & Acquisitions/ Joint Ventures (If Applicable)
- Table 3. About Us - Regions and Countries Where We Have Executed Client Projects
List of Figures
- Figure 1. Africa Electric Three-wheeler Market, By Value, In USD Million, 2018 - 2032F
- Figure 2. Africa Electric Three-wheeler Market, By Volume, In Thousand Units, 2018 - 2032F
- Figure 3. Africa Electric Three-wheeler Market Share, By Battery Type, In USD Million, 2018 - 2032F
- Figure 4. Africa Electric Three-wheeler Market Share, By Battery Type, In Thousand Units, 2018 - 2032F
- Figure 5. Africa Electric Three-wheeler Market Share, By Power Type, In USD Million, 2018 - 2032F
- Figure 6. Africa Electric Three-wheeler Market Share, By Power Type, In Thousand Units, 2018 - 2032F
- Figure 7. Africa Electric Three-wheeler Market Share, By Application, In USD Million, 2018 - 2032F
- Figure 8. Africa Electric Three-wheeler Market Share, By Application, In Thousand Units, 2018 - 2032F
- Figure 9. Africa Electric Three-wheeler Market Share, By Country, In USD Million, 2018 - 2032F
- Figure 10. Africa Electric Three-wheeler Market Share, By Country, In Thousand Units, 2018 - 2032F
- Figure 11. South Africa Electric Three-wheeler Market, By Value, In USD Million, 2018 - 2032F
- Figure 12. South Africa Electric Three-wheeler Market, By Volume, In Thousand Units, 2018 - 2032F
- Figure 13. South Africa Electric Three-wheeler Market Share, By Battery Type, In USD Million, 2018 - 2032F
- Figure 14. South Africa Electric Three-wheeler Market Share, By Battery Type, In Thousand Units, 2018 - 2032F
- Figure 15. South Africa Electric Three-wheeler Market Share, By Power Type, In USD Million, 2018 - 2032F
- Figure 16. South Africa Electric Three-wheeler Market Share, By Power Type, In Thousand Units, 2018 - 2032F
- Figure 17. South Africa Electric Three-wheeler Market Share, By Application, In USD Million, 2018 - 2032F
- Figure 18. South Africa Electric Three-wheeler Market Share, By Application, In Thousand Units, 2018 - 2032F
- Figure 19. Ghana Electric Three-wheeler Market, By Value, In USD Million, 2018 - 2032F
- Figure 20. Ghana Electric Three-wheeler Market, By Volume, In Thousand Units, 2018 - 2032F
- Figure 21. Ghana Electric Three-wheeler Market Share, By Battery Type, In USD Million, 2018 - 2032F
- Figure 22. Ghana Electric Three-wheeler Market Share, By Battery Type, In Thousand Units, 2018 - 2032F
- Figure 23. Ghana Electric Three-wheeler Market Share, By Power Type, In USD Million, 2018 - 2032F
- Figure 24. Ghana Electric Three-wheeler Market Share, By Power Type, In Thousand Units, 2018 - 2032F
- Figure 25. Ghana Electric Three-wheeler Market Share, By Application, In USD Million, 2018 - 2032F
- Figure 26. Ghana Electric Three-wheeler Market Share, By Application, In Thousand Units, 2018 - 2032F
- Figure 27. Mozambique Electric Three-wheeler Market, By Value, In USD Million, 2018 - 2032F
- Figure 28. Mozambique Electric Three-wheeler Market, By Volume, In Thousand Units, 2018 - 2032F
- Figure 29. Mozambique Electric Three-wheeler Market Share, By Battery Type, In USD Million, 2018 - 2032F
- Figure 30. Mozambique Electric Three-wheeler Market Share, By Battery Type, In Thousand Units, 2018 - 2032F
- Figure 31. Mozambique Electric Three-wheeler Market Share, By Power Type, In USD Million, 2018 - 2032F
- Figure 32. Mozambique Electric Three-wheeler Market Share, By Power Type, In Thousand Units, 2018 - 2032F
- Figure 33. Mozambique Electric Three-wheeler Market Share, By Application, In USD Million, 2018 - 2032F
- Figure 34. Mozambique Electric Three-wheeler Market Share, By Application, In Thousand Units, 2018 - 2032F
- Figure 35. Egypt Electric Three-wheeler Market, By Value, In USD Million, 2018 - 2032F
- Figure 36. Egypt Electric Three-wheeler Market, By Volume, In Thousand Units, 2018 - 2032F
- Figure 37. Egypt Electric Three-wheeler Market Share, By Battery Type, In USD Million, 2018 - 2032F
- Figure 38. Egypt Electric Three-wheeler Market Share, By Battery Type, In Thousand Units, 2018 - 2032F
- Figure 39. Egypt Electric Three-wheeler Market Share, By Power Type, In USD Million, 2018 - 2032F
- Figure 40. Egypt Electric Three-wheeler Market Share, By Power Type, In Thousand Units, 2018 - 2032F
- Figure 41. Egypt Electric Three-wheeler Market Share, By Application, In USD Million, 2018 - 2032F
- Figure 42. Egypt Electric Three-wheeler Market Share, By Application, In Thousand Units, 2018 - 2032F
- Figure 43. Kenya Electric Three-wheeler Market, By Value, In USD Million, 2018 - 2032F
- Figure 44. Kenya Electric Three-wheeler Market, By Volume, In Thousand Units, 2018 - 2032F
- Figure 45. Kenya Electric Three-wheeler Market Share, By Battery Type, In USD Million, 2018 - 2032F
- Figure 46. Kenya Electric Three-wheeler Market Share, By Battery Type, In Thousand Units, 2018 - 2032F
- Figure 47. Kenya Electric Three-wheeler Market Share, By Power Type, In USD Million, 2018 - 2032F
- Figure 48. Kenya Electric Three-wheeler Market Share, By Power Type, In Thousand Units, 2018 - 2032F
- Figure 49. Kenya Electric Three-wheeler Market Share, By Application, In USD Million, 2018 - 2032F
- Figure 50. Kenya Electric Three-wheeler Market Share, By Application, In Thousand Units, 2018 - 2032F
- Figure 51. Nigeria Electric Three-wheeler Market, By Value, In USD Million, 2018 - 2032F
- Figure 52. Nigeria Electric Three-wheeler Market, By Volume, In Thousand Units, 2018 - 2032F
- Figure 53. Nigeria Electric Three-wheeler Market Share, By Battery Type, In USD Million, 2018 - 2032F
- Figure 54. Nigeria Electric Three-wheeler Market Share, By Battery Type, In Thousand Units, 2018 - 2032F
- Figure 55. Nigeria Electric Three-wheeler Market Share, By Power Type, In USD Million, 2018 - 2032F
- Figure 56. Nigeria Electric Three-wheeler Market Share, By Power Type, In Thousand Units, 2018 - 2032F
- Figure 57. Nigeria Electric Three-wheeler Market Share, By Application, In USD Million, 2018 - 2032F
- Figure 58. Nigeria Electric Three-wheeler Market Share, By Application, In Thousand Units, 2018 - 2032F
- Figure 59. Morocco Electric Three-wheeler Market, By Value, In USD Million, 2018 - 2032F
- Figure 60. Morocco Electric Three-wheeler Market, By Volume, In Thousand Units, 2018 - 2032F
- Figure 61. Morocco Electric Three-wheeler Market Share, By Battery Type, In USD Million, 2018 - 2032F
- Figure 62. Morocco Electric Three-wheeler Market Share, By Battery Type, In Thousand Units, 2018 - 2032F
- Figure 63. Morocco Electric Three-wheeler Market Share, By Power Type, In USD Million, 2018 - 2032F
- Figure 64. Morocco Electric Three-wheeler Market Share, By Power Type, In Thousand Units, 2018 - 2032F
- Figure 65. Morocco Electric Three-wheeler Market Share, By Application, In USD Million, 2018 - 2032F
- Figure 66. Morocco Electric Three-wheeler Market Share, By Application, In Thousand Units, 2018 - 2032F
- Figure 67. Rest of Africa Electric Three-wheeler Market, By Value, In USD Million, 2018 - 2032F
- Figure 68. Rest of Africa Electric Three-wheeler Market, By Volume, In Thousand Units, 2018 - 2032F
- Figure 69. Rest of Africa Electric Three-wheeler Market Share, By Battery Type, In USD Million, 2018 - 2032F
- Figure 70. Rest of Africa Electric Three-wheeler Market Share, By Battery Type, In Thousand Units, 2018 - 2032F
- Figure 71. Rest of Africa Electric Three-wheeler Market Share, By Power Type, In USD Million, 2018 - 2032F
- Figure 72. Rest of Africa Electric Three-wheeler Market Share, By Power Type, In Thousand Units, 2018 - 2032F
- Figure 73. Rest of Africa Electric Three-wheeler Market Share, By Application, In USD Million, 2018 - 2032F
- Figure 74. Rest of Africa Electric Three-wheeler Market Share, By Application, In Thousand Units, 2018 - 2032F
- Figure 75. Battery Type Map-Market Size (USD Million Million) & Growth Rate (%), 2024
- Figure 76. Power Map-Market Size (USD Million Million) & Growth Rate (%), 2024
- Figure 77. Application Map-Market Size (USD Million Million) & Growth Rate (%), 2024
- Figure 78. Country Map-Market Size (USD Million Million) & Growth Rate (%), 2024
