Global Three-wheeler Vehicle Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast 2024 to 2032

Description

List of Tables

The global demand for Three-wheeler Vehicle Market is presumed to reach the market size of nearly USD 21.07 BN by 2032 from USD 11.03 BN in 2023 with a CAGR of 7.46% under the study period of 2024 - 2032.

A three-wheeler vehicle, also known as a trike or tricycle, is a type of vehicle that has three wheels. These vehicles come in various configurations, offering different levels of stability, maneuverability, and functionality. Three-wheelers are commonly used for personal transportation, commercial purposes, and recreational activities.

MARKET DYNAMICS

The Three-wheeler vehicle market is driven by a convergence of factors that address diverse transportation needs and economic considerations. These vehicles, including auto-rickshaws and electric variants, offer efficient urban mobility solutions, particularly in congested city environments, serving as affordable alternatives for last-mile connectivity. Their affordability is a key driver, making them popular in emerging economies where cost-sensitive consumers seek economical transportation options. Commercial applications, such as cargo transport and delivery services, contribute significantly to the market, especially with the rise of electric three-wheelers in logistics and e-commerce. Government initiatives promoting sustainable and electric mobility, coupled with the global shift toward electric vehicles, propel the growth of electric three-wheelers. Additionally, technological advancements, changing consumer preferences, and efforts to reduce traffic congestion in urban areas contribute to the increasing demand for three-wheeler vehicles, positioning them as versatile and practical solutions for various transportation needs.

The report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of three-wheeler vehicle. The growth and trends of Three-wheeler Vehicle Industry provide a holistic approach to this study.

MARKET SEGMENTATION

This section of the three-wheeler vehicle market report provides detailed data on the segments by analyzing them at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.

By Fuel Type

Petrol
Diesel
CNG
Electric
Others

By Usage

Passenger Carrier
Goods Carrier

By Configuration

Two Front Wheels
Two Rear Wheels

By Power Output

Less Than 4 Kw
4.1 Kw To 6 Kw
6.1 Kw To 9 Kw
More Than 9 Kw

By Engine Location

Front Engine
Rear Engine

REGIONAL ANALYSIS

This section covers the regional outlook, which accentuates current and future demand for the Three-wheeler Vehicle market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.

The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the three-wheeler vehicle market include Bajaj Auto Limited, Mahindra & Mahindra Ltd., Piaggio Vehicles Private Ltd., Scooters India Ltd., Terra Motors Corporation, TVS Motor Company, Hero Electric Vehicles Pvt. Ltd., Lohia Auto Industries, Force Motors, Atul Auto Limited, Mahindra Electric Mobility, JSA Corporation, MW Industries Inc., Tata Motors, Jiangsu Kingbon Vehicle Co. Ltd., Changzhou Yufeng Vehicle Co. Ltd., Xianghe Qiangsheng Electric Tricycle Factory, Jiangsu East Yonsland Vehicle Manufacturing Co. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.

In case you have any custom requirements, do write to us. Our research team can offer a customized report as per your need.

Product Code: VMR112113593

1 . PREFACE

1.1. Report Description
- 1.1.1. Objective
- 1.1.2. Target Audience
- 1.1.3. Unique Selling Proposition (USP) & offerings
1.2. Research Scope
1.3. Research Methodology
- 1.3.1. Market Research Process
- 1.3.2. Market Research Methodology

2 . EXECUTIVE SUMMARY

2.1. Highlights of Market
2.2. Global Market Snapshot

3 . THREE-WHEELER VEHICLE - INDUSTRY ANALYSIS

3.1. Introduction - Market Dynamics
3.2. Market Drivers
3.3. Market Restraints
3.4. Opportunities
3.5. Industry Trends
3.6. Porter's Five Force Analysis
3.7. Market Attractiveness Analysis
- 3.7.1 Market Attractiveness Analysis By Fuel Type
- 3.7.2 Market Attractiveness Analysis By Usage
- 3.7.3 Market Attractiveness Analysis By Configuration
- 3.7.4 Market Attractiveness Analysis By Power Output
- 3.7.5 Market Attractiveness Analysis By Engine Location
- 3.7.6 Market Attractiveness Analysis By Region

4 . VALUE CHAIN ANALYSIS

4.1. Value Chain Analysis
4.2. Raw Material Analysis
- 4.2.1. List of Raw Materials
- 4.2.2. Raw Material Manufactures List
- 4.2.3. Price Trend of Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
- 4.4.1. Direct Marketing
- 4.4.2. Indirect Marketing
- 4.4.3. Marketing Channel Development Trend

5 . GLOBAL THREE-WHEELER VEHICLE MARKET ANALYSIS BY FUEL TYPE

5.1 Overview by Fuel Type
5.2 Historical and Forecast Data
5.3 Analysis by Fuel Type
5.4 Petrol Historic and Forecast Sales by Regions
5.5 Diesel Historic and Forecast Sales by Regions
5.6 CNG Historic and Forecast Sales by Regions
5.7 Electric Historic and Forecast Sales by Regions
5.8 Others Historic and Forecast Sales by Regions

6 . GLOBAL THREE-WHEELER VEHICLE MARKET ANALYSIS BY USAGE

6.1 Overview by Usage
6.2 Historical and Forecast Data
6.3 Analysis by Usage
6.4 Passenger Carrier Historic and Forecast Sales by Regions
6.5 Goods Carrier Historic and Forecast Sales by Regions

7 . GLOBAL THREE-WHEELER VEHICLE MARKET ANALYSIS BY CONFIGURATION

7.1 Overview by Configuration
7.2 Historical and Forecast Data
7.3 Analysis by Configuration
7.4 Two Front Wheels Historic and Forecast Sales by Regions
7.5 Two Rear Wheels Historic and Forecast Sales by Regions

8 . GLOBAL THREE-WHEELER VEHICLE MARKET ANALYSIS BY POWER OUTPUT

8.1 Overview by Power Output
8.2 Historical and Forecast Data
8.3 Analysis by Power Output
8.4 Less than 4 kW Historic and Forecast Sales by Regions
8.5 4.1 kW to 6 kW Historic and Forecast Sales by Regions
8.6 6.1 kW to 9 kW Historic and Forecast Sales by Regions
8.7 More than 9 kW Historic and Forecast Sales by Regions

9 . GLOBAL THREE-WHEELER VEHICLE MARKET ANALYSIS BY ENGINE LOCATION

9.1 Overview by Engine Location
9.2 Historical and Forecast Data
9.3 Analysis by Engine Location
9.4 Front Engine Historic and Forecast Sales by Regions
9.5 Rear Engine Historic and Forecast Sales by Regions

10 . GLOBAL THREE-WHEELER VEHICLE MARKET ANALYSIS BY GEOGRAPHY

10.1. Regional Outlook
10.2. Introduction
10.3. North America Sales Analysis
- 10.3.1. Overview, Historic and Forecast Data Sales Analysis
- 10.3.2. North America By Segment Sales Analysis
- 10.3.3. North America By Country Sales Analysis
- 10.3.4. United State Sales Analysis
- 10.3.5. Canada Sales Analysis
- 10.3.6. Mexico Sales Analysis
10.4. Europe Sales Analysis
- 10.4.1. Overview, Historic and Forecast Data Sales Analysis
- 10.4.2. Europe by Segment Sales Analysis
- 10.4.3. Europe by Country Sales Analysis
- 10.4.4. United Kingdom Sales Analysis
- 10.4.5. France Sales Analysis
- 10.4.6. Germany Sales Analysis
- 10.4.7. Italy Sales Analysis
- 10.4.8. Russia Sales Analysis
- 10.4.9. South East Asia Sales Analysis
- 10.4.10. Rest Of Europe Sales Analysis
10.5. Asia Pacific Sales Analysis
- 10.5.1. Overview, Historic and Forecast Data Sales Analysis
- 10.5.2. Asia Pacific by Segment Sales Analysis
- 10.5.3. Asia Pacific by Country Sales Analysis
- 10.5.4. China Sales Analysis
- 10.5.5. India Sales Analysis
- 10.5.6. Japan Sales Analysis
- 10.5.7. South Korea Sales Analysis
- 10.5.8. Australia Sales Analysis
- 10.5.9. Rest Of Asia Pacific Sales Analysis
10.6. Latin America Sales Analysis
- 10.6.1. Overview, Historic and Forecast Data Sales Analysis
- 10.6.2. Latin America by Segment Sales Analysis
- 10.6.3. Latin America by Country Sales Analysis
- 10.6.4. Brazil Sales Analysis
- 10.6.5. Argentina Sales Analysis
- 10.6.6. Peru Sales Analysis
- 10.6.7. Chile Sales Analysis
- 10.6.8. Rest of Latin America Sales Analysis
10.7. Middle East & Africa Sales Analysis
- 10.7.1. Overview, Historic and Forecast Data Sales Analysis
- 10.7.2. Middle East & Africa by Segment Sales Analysis
- 10.7.3. Middle East & Africa by Country Sales Analysis
- 10.7.4. Saudi Arabia Sales Analysis
- 10.7.5. UAE Sales Analysis
- 10.7.6. Israel Sales Analysis
- 10.7.7. South Africa Sales Analysis
- 10.7.8. Rest Of Middle East And Africa Sales Analysis

11 . COMPETITIVE LANDSCAPE OF THE THREE-WHEELER VEHICLE COMPANIES

11.1. Three-Wheeler Vehicle Market Competition
11.2. Partnership/Collaboration/Agreement
11.3. Merger And Acquisitions
11.4. New Product Launch
11.5. Other Developments

12 . COMPANY PROFILES OF THREE-WHEELER VEHICLE INDUSTRY

12.1. Company Share Analysis
12.2. Market Concentration Rate
12.3. Bajaj Auto Limited
- 12.3.1. Company Overview
- 12.3.2. Company Revenue
- 12.3.3. Products
- 12.3.4. Recent Developments
12.4. Mahindra & Mahindra Ltd.
- 12.4.1. Company Overview
- 12.4.2. Company Revenue
- 12.4.3. Products
- 12.4.4. Recent Developments
12.5. Piaggio Vehicles Private Ltd.
- 12.5.1. Company Overview
- 12.5.2. Company Revenue
- 12.5.3. Products
- 12.5.4. Recent Developments
12.6. Scooters India Ltd.
- 12.6.1. Company Overview
- 12.6.2. Company Revenue
- 12.6.3. Products
- 12.6.4. Recent Developments
12.7. Terra Motors Corporation
- 12.7.1. Company Overview
- 12.7.2. Company Revenue
- 12.7.3. Products
- 12.7.4. Recent Developments
12.8. TVS Motor Company
- 12.8.1. Company Overview
- 12.8.2. Company Revenue
- 12.8.3. Products
- 12.8.4. Recent Developments
12.9. Hero Electric Vehicles Pvt. Ltd.
- 12.9.1. Company Overview
- 12.9.2. Company Revenue
- 12.9.3. Products
- 12.9.4. Recent Developments
12.10. Lohia Auto Industries
- 12.10.1. Company Overview
- 12.10.2. Company Revenue
- 12.10.3. Products
- 12.10.4. Recent Developments
12.11. Force Motors
- 12.11.1. Company Overview
- 12.11.2. Company Revenue
- 12.11.3. Products
- 12.11.4. Recent Developments
12.12. Atul Auto Limited
- 12.12.1. Company Overview
- 12.12.2. Company Revenue
- 12.12.3. Products
- 12.12.4. Recent Developments
12.13. Mahindra Electric Mobility
- 12.13.1. Company Overview
- 12.13.2. Company Revenue
- 12.13.3. Products
- 12.13.4. Recent Developments
12.14. JSA Corporation
- 12.14.1. Company Overview
- 12.14.2. Company Revenue
- 12.14.3. Products
- 12.14.4. Recent Developments
12.15. MW Industries Inc.
- 12.15.1. Company Overview
- 12.15.2. Company Revenue
- 12.15.3. Products
- 12.15.4. Recent Developments
12.16. Tata Motors
- 12.16.1. Company Overview
- 12.16.2. Company Revenue
- 12.16.3. Products
- 12.16.4. Recent Developments
12.17. Jiangsu Kingbon Vehicle Co. Ltd.
- 12.17.1. Company Overview
- 12.17.2. Company Revenue
- 12.17.3. Products
- 12.17.4. Recent Developments
12.18. Changzhou Yufeng Vehicle Co. Ltd.
- 12.18.1. Company Overview
- 12.18.2. Company Revenue
- 12.18.3. Products
- 12.18.4. Recent Developments
12.19. Xianghe Qiangsheng Electric Tricycle Factory
- 12.19.1. Company Overview
- 12.19.2. Company Revenue
- 12.19.3. Products
- 12.19.4. Recent Developments
12.20. Jiangsu East Yonsland Vehicle Manufacturing Co.
- 12.20.1. Company Overview
- 12.20.2. Company Revenue
- 12.20.3. Products
- 12.20.4. Recent Developments

Note - in company profiling, financial details and recent development are subject to availability or might not be covered in case of private companies