Three wheelers (3Ws) or three-wheel vehicles, as the name implies, contain one wheel at the front and two wheels at the rear end. The 3Ws are generally used for goods and public transport for short/medium distances in the regions where logistics operations, public transport facilities, and disposable income are less. The global 3Ws market is adopted in developing and underdeveloped nations like India, China, other Asian countries, and some Latin American and African countries. The increase in demand for 3Ws in these countries is due to the cost-effective transportation that a 3W offers in areas where other means of transportation are inadequate, or cannot penetrate or be afforded.
Technavio’s analysts forecast the global electric three-wheeler market to grow at a CAGR of 17.31% during the period 2017-2021.
Covered in this report The report covers the present scenario and the growth prospects of the global electric three-wheeler market for 2017-2021. To calculate the market size, the report considers new registration volume and exclude market estimate by value and aftermarket volume.
The market is divided into the following segments based on geography: • APAC • ROW
Technavio’s report, Global Electric Three-Wheeler Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors • Atul Auto • LOHIA AUTO INDUSTRIES • Romai Electric Vehicles • Scooters India • Xianghe Qiangsheng Electric Tricycle Factory
Other prominent vendors • Ampere Vehicles • Bajaj Auto • Kinetic Green • Terra Motors • Tuk Tuk Factory
Market driver • Subsidies and tax incentives on electric 3Ws to reduce dependency on petroleum products • For a full, detailed list, view our report
Market challenge • Concerns about range and performance • For a full, detailed list, view our report
Market trend • Expansion by local manufacturers to foreign countries • For a full, detailed list, view our report
Key questions answered in this report • What will the market size be in 2021 and what will the growth rate be? • What are the key market trends? • What is driving this market? • What are the challenges to market growth? • Who are the key vendors in this market space? • What are the market opportunities and threats faced by the key vendors? • What are the strengths and weaknesses of the key vendors?
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265 pages •
By Noealt Corporate Services
• Oct 2018
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