Global Electric Rickshaw Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast 2024 to 2032

Description

List of Tables

The global demand for Electric Rickshaw Market is presumed to reach the market size of nearly USD 1379.36 Million by 2032 from USD 1189.4 Million in 2023 with a CAGR of 1.66% under the study period 2024-2032.

An electric rickshaw, or e-rickshaw, is a three-wheeled electric vehicle for passenger and goods transport. Powered by rechargeable batteries, e-rickshaws offer a clean and efficient alternative to traditional auto-rickshaws and cycle rickshaws, reducing air pollution and operating costs. They are particularly popular in urban and semi-urban areas for short-distance travel, providing an affordable and eco-friendly mode of transportation. These typically feature a lightweight frame, comfortable seating, and low maintenance requirements. Their adoption supports sustainable urban mobility and contributes to lowering the carbon footprint of transportation systems.

MARKET DYNAMICS

The electric rickshaw market is driven by various factors reflecting the increasing demand for clean, efficient, affordable urban transportation solutions in emerging economies. These factors include growing urbanization, traffic congestion, and pollution levels in developing countries, which drive the need for sustainable and emission-free mobility solutions. Additionally, government initiatives, subsidies, and incentives promoting electric vehicle adoption, renewable energy integration, and air quality improvement stimulate market growth by reducing the total cost of ownership and incentivizing fleet operators and drivers to switch to e-rickshaws.

Moreover, advancements in battery technology, electric drivetrain systems, and charging infrastructure enhance electric rickshaws' performance, range, and reliability, driving market adoption and customer acceptance. Furthermore, the informal and unorganized nature of the traditional rickshaw market offers opportunities for formalization, regulation, and modernization by adopting electric rickshaws, benefiting drivers, passengers, and the environment. However, battery range limitations, charging infrastructure gaps, and safety concerns may impact market growth and penetration rates.

The research 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 Electric Rickshaw. The growth and trends of Electric Rickshaw industry provide a holistic approach to this study.

MARKET SEGMENTATION

This section of the Electric Rickshaw market report provides detailed data on the segments 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 Seating Capacity

8-Seater
6-Seater
4-Seater
3-Seater
2-Seater

By Battery Type

Lithium-Ion
Lead Acid

By End-User

Goods Carrier
Passenger Carrier

REGIONAL ANALYSIS

This section covers the regional outlook, which accentuates current and future demand for the Electric Rickshaw 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 Electric Rickshaw market include Kinetic Green Energy And Power, VSolutions Ltd., Mahindra Electric Mobility Limited, Mayuri E-Rickshaw Pvt. Ltd., Lohia Auto Industries, Shenzhen Baoya New Energy Vehicle Co. Ltd., Piaggio Vehicles Pvt. Ltd., Omega Seiki Mobility Pvt. Ltd., Terra Motors Corporation, Changli Electric Vehicle Co. Ltd., Hero Electric Vehicles Pvt. Ltd., Gayam Motor Works Pvt. Ltd., Saera Electric Auto Pvt. Ltd., Soni E Vehicle Pvt. Ltd., Electrotherm (India) Limited. 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.

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Product Code: VMR112114842

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. ELECTRIC RICKSHAW - 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 Seating Capacity
- 3.7.2 Market Attractiveness Analysis By Battery Type
- 3.7.3 Market Attractiveness Analysis By End-User
- 3.7.4 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 ELECTRIC RICKSHAW MARKET ANALYSIS BY SEATING CAPACITY

5.1. Overview By Seating Capacity
5.2. Historical and Forecast Data Analysis By Seating Capacity
5.3. 8-Seater Historic and Forecast Sales By Regions
5.4. 6-Seater Historic and Forecast Sales By Regions
5.5. 4-Seater Historic and Forecast Sales By Regions
5.6. 3-Seater Historic and Forecast Sales By Regions
5.7. 2-Seater Historic and Forecast Sales By Regions

6. GLOBAL ELECTRIC RICKSHAW MARKET ANALYSIS BY BATTERY TYPE

6.1. Overview By Battery Type
6.2. Historical and Forecast Data Analysis By Battery Type
6.3. Lithium-Ion Historic and Forecast Sales By Regions
6.4. Lead Acid Historic and Forecast Sales By Regions

7. GLOBAL ELECTRIC RICKSHAW MARKET ANALYSIS BY END-USER

7.1. Overview By End-User
7.2. Historical and Forecast Data Analysis By End-User
7.3. Goods Carrier Historic and Forecast Sales By Regions
7.4. Passenger Carrier Historic and Forecast Sales By Regions

8. GLOBAL ELECTRIC RICKSHAW MARKET ANALYSIS BY GEOGRAPHY

8.1. Regional Outlook
8.2. Introduction
8.3. North America Sales Analysis
- 8.3.1 Overview, Historic and Forecast Data Sales Analysis
- 8.3.2 North America By Segment Sales Analysis
- 8.3.3 North America By Country Sales Analysis
- 8.3.4 United States Sales Analysis
- 8.3.5 Canada Sales Analysis
- 8.3.6 Mexico Sales Analysis
8.4. Europe Sales Analysis
- 8.4.1 Overview, Historic and Forecast Data Sales Analysis
- 8.4.2 Europe By Segment Sales Analysis
- 8.4.3 Europe By Country Sales Analysis
- 8.4.4 United Kingdom Sales Analysis
- 8.4.5 France Sales Analysis
- 8.4.6 Germany Sales Analysis
- 8.4.7 Italy Sales Analysis
- 8.4.8 Russia Sales Analysis
- 8.4.9 Rest Of Europe Sales Analysis
8.5. Asia Pacific Sales Analysis
- 8.5.1 Overview, Historic and Forecast Data Sales Analysis
- 8.5.2 Asia Pacific By Segment Sales Analysis
- 8.5.3 Asia Pacific By Country Sales Analysis
- 8.5.4 China Sales Analysis
- 8.5.5 India Sales Analysis
- 8.5.6 Japan Sales Analysis
- 8.5.7 South Korea Sales Analysis
- 8.5.8 Australia Sales Analysis
- 8.5.9 South East Asia Sales Analysis
- 8.5.10 Rest Of Asia Pacific Sales Analysis
8.6. Latin America Sales Analysis
- 8.6.1 Overview, Historic and Forecast Data Sales Analysis
- 8.6.2 Latin America By Segment Sales Analysis
- 8.6.3 Latin America By Country Sales Analysis
- 8.6.4 Brazil Sales Analysis
- 8.6.5 Argentina Sales Analysis
- 8.6.6 Peru Sales Analysis
- 8.6.7 Chile Sales Analysis
- 8.6.8 Rest of Latin America Sales Analysis
8.7. Middle East & Africa Sales Analysis
- 8.7.1 Overview, Historic and Forecast Data Sales Analysis
- 8.7.2 Middle East & Africa By Segment Sales Analysis
- 8.7.3 Middle East & Africa By Country Sales Analysis
- 8.7.4 Saudi Arabia Sales Analysis
- 8.7.5 UAE Sales Analysis
- 8.7.6 Israel Sales Analysis
- 8.7.7 South Africa Sales Analysis
- 8.7.8 Rest Of Middle East And Africa Sales Analysis

9. COMPETITIVE LANDSCAPE OF THE ELECTRIC RICKSHAW COMPANIES

9.1. Electric Rickshaw Market Competition
9.2. Partnership/Collaboration/Agreement
9.3. Merger And Acquisitions
9.4. New Product Launch
9.5. Other Developments

10. COMPANY PROFILES OF ELECTRIC RICKSHAW INDUSTRY

10.1. Top Companies Market Share Analysis
10.2. Market Concentration Rate
10.3. Kinetic Green Energy And Power
- 10.3.1 Company Overview
- 10.3.2 Company Revenue
- 10.3.3 Products
- 10.3.4 Recent Developments
10.4. VSolutions Ltd.
- 10.4.1 Company Overview
- 10.4.2 Company Revenue
- 10.4.3 Products
- 10.4.4 Recent Developments
10.5. Mahindra Electric Mobility Limited
- 10.5.1 Company Overview
- 10.5.2 Company Revenue
- 10.5.3 Products
- 10.5.4 Recent Developments
10.6. Mayuri E-Rickshaw Pvt. Ltd.
- 10.6.1 Company Overview
- 10.6.2 Company Revenue
- 10.6.3 Products
- 10.6.4 Recent Developments
10.7. Lohia Auto Industries
- 10.7.1 Company Overview
- 10.7.2 Company Revenue
- 10.7.3 Products
- 10.7.4 Recent Developments
10.8. Shenzhen Baoya New Energy Vehicle Co. Ltd.
- 10.8.1 Company Overview
- 10.8.2 Company Revenue
- 10.8.3 Products
- 10.8.4 Recent Developments
10.9. Piaggio Vehicles Pvt. Ltd.
- 10.9.1 Company Overview
- 10.9.2 Company Revenue
- 10.9.3 Products
- 10.9.4 Recent Developments
10.10. Omega Seiki Mobility Pvt. Ltd.
- 10.10.1 Company Overview
- 10.10.2 Company Revenue
- 10.10.3 Products
- 10.10.4 Recent Developments
10.11. Terra Motors Corporation
- 10.11.1 Company Overview
- 10.11.2 Company Revenue
- 10.11.3 Products
- 10.11.4 Recent Developments
10.12. Changli Electric Vehicle Co. Ltd.
- 10.12.1 Company Overview
- 10.12.2 Company Revenue
- 10.12.3 Products
- 10.12.4 Recent Developments
10.13. Hero Electric Vehicles Pvt. Ltd.
- 10.13.1 Company Overview
- 10.13.2 Company Revenue
- 10.13.3 Products
- 10.13.4 Recent Developments
10.14. Gayam Motor Works Pvt. Ltd.
- 10.14.1 Company Overview
- 10.14.2 Company Revenue
- 10.14.3 Products
- 10.14.4 Recent Developments
10.15. Saera Electric Auto Pvt. Ltd.
- 10.15.1 Company Overview
- 10.15.2 Company Revenue
- 10.15.3 Products
- 10.15.4 Recent Developments
10.16. Soni E Vehicle Pvt. Ltd.
- 10.16.1 Company Overview
- 10.16.2 Company Revenue
- 10.16.3 Products
- 10.16.4 Recent Developments
10.17. Electrotherm (India) Limited
- 10.17.1 Company Overview
- 10.17.2 Company Revenue
- 10.17.3 Products
- 10.17.4 Recent Developments

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