The following companies as the key players in the global electric three-wheeler market: Atul Auto, LOHIA AUTO INDUSTRIES, Romai Electric Vehicles, Scooters India, and Xianghe Qiangsheng Electric Tricycle Factory. Other Prominent Vendors in the market are: Ampere Vehicles, Bajaj Auto, Kinetic Green, Terra Motors, and Tuk Tuk Factory.
The analysts forecast Global Electric Three-Wheeler market to rise at a CAGR of 17.31% during the period 2017-2021. This report covers the present scenario and the growth prospects of the worldwide Electric Three-Wheeler Market for 2017-2021.and while calculate the market size, the report introduces a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
Segmentation by Geography:
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The latest trend gaining momentum in the market is Expansion by local manufacturers to foreign countries. Most of the electric 3Ws available in India, Sri Lanka, Bangladesh, and Indonesia have been assembled only in those countries, but the vehicle parts have been imported mainly from China as completely knocked down units, which has resulted in an increase in vehicle cost.OEMs in Japan and China have been expanding their operations to potential market countries, which would bring down the cost of the vehicle and eventually increase charging infrastructure and service facilities.”
This 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 are: Atul Auto,,LOHIA AUTO INDUSTRIES,,Romai Electric Vehicles,,Scooters India and Xianghe Qiangsheng Electric Tricycle Factory
The report covers the market landscape, its growth prospects, Segmentation, size and forecast, Drivers and challenges, Market trends and Appendix over the coming years.
According to the report, one of the major drivers for this market is Subsidies and tax incentives on electric 3Ws to reduce dependency on petroleum products. To nullify the fuel emission and consumption problems, regulatory bodies across the globe are providing various incentives and tax benefits to increase the adoption of environment-friendly vehicles.
Almost all top vehicle market countries have introduced fiscal incentives and subsidies to attract manufacturers to produce more hybrid/electric vehicles locally. In addition, tax credits and rebates are attracting more local end users to purchase EVs.
This drive will push for at least 60% green vehicles on the road by 2020, which will reduce fuel emissions and reduce dependency on petroleum products.
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About Electric Three-Wheeler
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.
Further, the report states that one of the major factors hindering the growth of this market is Concerns about range and performance. Electric 3Ws are typically less powerful and have limited travel range (60-80 km per charge) compared to conventional ICE-powered vehicles and, hence, are considered suitable only for short distance travel.
The limited travel range of these battery electric vehicles results in consumers' concern that their vehicle's battery may run out of charge before reaching the destination and doubts about battery performance. Limited range and performance are major factors hindering the growth of the electric 3W market.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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- Concerns about range and performance
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- Expansion by local manufacturers to foreign countries
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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?
Table of Contents
- PART 01: Executive summary
- PART 02: Scope of the report
- PART 03: Research Methodology
- PART 04: Introduction
- PART 05: Market landscape
- PART 06: Market segmentation by end user
- PART 07: Geographical segmentation
- PART 08: Decision framework
- PART 09: Drivers and challenges
- PART 10: Market trends
- PART 11: Vendor landscape
- PART 12: Key vendor analysis
- PART 13: Appendix
Browse full table of contents and List of Exhibits at www.rnrmarketresearch.com/global-e…arket-report.html
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