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India Electric Rickshaw Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview 2022-2027:

The India electric rickshaw market size reached US$ 1.1 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 2.1 Billion by 2027, exhibiting a growth rate (CAGR) of 11.34% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Electric rickshaws are battery-operated three-wheelers with a better economy and lower operational and maintenance costs. They comprise a motor, controller, harness, batteries and throttle. They are strong, non-conducting, lightweight, highly durable, and resistant to fire. They are eco-friendly as e-rickshaws do not have tailpipes and emit toxic pollutants into the air during operation. They are more comfortable to drive and cheaper compared to manually pulled rickshaws. In addition, they ensure a smooth driving experience on busy and congested roads while producing fewer vibrations and noise.

 

 
 

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Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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India Electric Rickshaw Market Trends:

The rising awareness among the masses of India about the benefits of using e-rickshaws represents one of the key factors driving the market. Besides this, the Government of India is promoting electric vehicles (EVs) in public transportation and fleets. This, along with rising incentives provided by governing authorities to the manufacturers of electric vehicles (EVs), is contributing to the growth of the market. Moreover, the affordable price of e-rickshaws and their maneuverability across urban roads of India are positively influencing the market. In addition, there is an increase in the demand for e-rickshaws due to the expected ban on fuel-powered vehicles. This, coupled with the rising fuel prices in the country, is offering lucrative growth opportunities to industry investors. Apart from this, due to the increasing urban population, there is a rise in the demand for cost-effective first and last-mile transportation in India. In line with this, rising concerns about environmental pollution due to the utilization of diesel-fueled vehicles are catalyzing the demand for e-rickshaws in the country. Additionally, key market players are extensively investing in research and development (R&D) activities to introduce improved e-rickshaws with powerful motors.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the India electric rickshaw market report, along with forecasts at the country and regional level from 2022-2027. Our report has categorized the market based on motor power, battery capacity, battery type, sales channel and end user.

Breakup by Motor Power:

 

 
 

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  • <1000 W
  • 1000 – 15000 W
  • >1500 W
     

Breakup by Battery Capacity:

  • <101 Ah
  • >101 Ah
     

Breakup by Battery Type:

  • Li-ion Battery
  • Lead Acid Battery
     

Breakup by Sales Channel:

  • Organised
  • Unorganised
     

Breakup by End User:

  • Passenger Carrier
  • Load Carrier
     

Breakup by Region:

  • North India
  • West and Central India
  • South India
  • East India
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Motor Power, Battery Capacity, Battery Type, Sales Channel, End User, Region
Region Covered North India, West and Central India, South India, East India
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    India Electric Rickshaw Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Motor Power
    6.1    <1000 W
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    1000 – 15000 W
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    >1500 W
        6.3.1 Market Trends
        6.3.2 Market Forecast
7    Market Breakup by Battery Capacity
    7.1    <101 Ah
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    >101 Ah
        7.2.1 Market Trends
        7.2.2 Market Forecast
8    Market Breakup by Battery Type
    8.1    Li-ion Battery
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Lead Acid Battery
        8.2.1 Market Trends
        8.2.2 Market Forecast
9    Market Breakup by Sales Channel
    9.1    Organised
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Unorganised
        9.2.1 Market Trends
        9.2.2 Market Forecast
10    Market Breakup by End User
    10.1    Passenger Carrier
        10.1.1 Market Trends
        10.1.2 Market Forecast
    10.2    Load Carrier
        10.2.1 Market Trends
        10.2.2 Market Forecast
11    Market Breakup by Region
    11.1    North India
        11.1.1 Market Trends
        11.1.2 Market Breakup by State
        11.1.3 Market Forecast
    11.2    West and Central India
        11.2.1 Market Trends
        11.2.2 Market Breakup by State
        11.2.3 Market Forecast
    11.3    South India
        11.3.1 Market Trends
        11.3.2 Market Breakup by State
        11.3.3 Market Forecast
    11.4    East India
        11.4.1 Market Trends
        11.4.2 Market Breakup by State
        11.4.3 Market Forecast 
12    SWOT Analysis
    12.1    Overview
    12.2    Strengths
    12.3    Weaknesses
    12.4    Opportunities
    12.5    Threats
13    Value Chain Analysis
14    Porters Five Forces Analysis

    14.1    Overview
    14.2    Bargaining Power of Buyers
    14.3    Bargaining Power of Suppliers
    14.4    Degree of Competition
    14.5    Threat of New Entrants
    14.6    Threat of Substitutes
15    Price Analysis
16    Policy and Regulatory Landscape
17    Competitive Landscape

    17.1    Market Structure
    17.2    Key Players
    17.3    Profiles of Key Players

List of Figures

Figure 1: India: Electric Rickshaw Market: Major Drivers and Challenges
Figure 2: India: Electric Rickshaw Market: Sales Value (in Billion US$), 2016-2021 
Figure 3: India: Electric Rickshaw Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: India: Electric Rickshaw Market: Breakup by Motor Power (in %), 2021
Figure 5: India: Electric Rickshaw Market: Breakup by Battery Capacity (in %), 2021
Figure 6: India: Electric Rickshaw Market: Breakup by Battery Type (in %), 2021
Figure 7: India: Electric Rickshaw Market: Breakup by Sales Channel (in %), 2021
Figure 8: India: Electric Rickshaw Market: Breakup by End User (in %), 2021
Figure 9: India: Electric Rickshaw Market: Breakup by Region (in %), 2021
Figure 10: India: Electric Rickshaw (<1000 W) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: India: Electric Rickshaw (<1000 W) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: India: Electric Rickshaw (1000 – 15000 W) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: India: Electric Rickshaw (1000 – 15000 W) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: India: Electric Rickshaw (>1500 W) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: India: Electric Rickshaw (>1500 W) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: India: Electric Rickshaw (<101 Ah) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: India: Electric Rickshaw (<101 Ah) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: India: Electric Rickshaw (>101 Ah) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: India: Electric Rickshaw (>101 Ah) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: India: Electric Rickshaw (Li-ion Battery) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: India: Electric Rickshaw (Li-ion Battery) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: India: Electric Rickshaw (Lead Acid Battery) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: India: Electric Rickshaw (Lead Acid Battery) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: India: Electric Rickshaw (Organised) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: India: Electric Rickshaw (Organised) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: India: Electric Rickshaw (Unorganised) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: India: Electric Rickshaw (Unorganised) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: India: Electric Rickshaw (Passenger Carrier) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: India: Electric Rickshaw (Passenger Carrier) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: India: Electric Rickshaw (Load Carrier) Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: India: Electric Rickshaw (Load Carrier) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: North India: Electric Rickshaw Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: North India: Electric Rickshaw Market: Breakup by State (in %), 2021
Figure 34: North India: Electric Rickshaw Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: West and Central India: Electric Rickshaw Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: West and Central India: Electric Rickshaw Market: Breakup by State (in %), 2021
Figure 37: West and Central India: Electric Rickshaw Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: South India: Electric Rickshaw Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: South India: Electric Rickshaw Market: Breakup by State (in %), 2021
Figure 40: South India: Electric Rickshaw Market Forecast: Sales Value (in Million US$), 2022-2027 
Figure 41: East India: Electric Rickshaw Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: East India: Electric Rickshaw Market: Breakup by State (in %), 2021
Figure 43: East India: Electric Rickshaw Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: India: Electric Rickshaw Industry: SWOT Analysis
Figure 45: India: Electric Rickshaw Industry: Value Chain Analysis
Figure 46: India: Electric Rickshaw Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: India: Electric Rickshaw Market: Key Industry Highlights, 2021 and 2027
Table 2: India: Electric Rickshaw Market Forecast: Breakup by Motor Power (in Million US$), 2022-2027
Table 3: India: Electric Rickshaw Market Forecast: Breakup by Battery Capacity (in Million US$), 2022-2027
Table 4: India: Electric Rickshaw Market Forecast: Breakup by Battery Type (in Million US$), 2022-2027
Table 5: India: Electric Rickshaw Market Forecast: Breakup by Sales Channel (in Million US$), 2022-2027
Table 6: India: Electric Rickshaw Market Forecast: Breakup by End User (in Million US$), 2022-2027
Table 7: India: Electric Rickshaw Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 8: India: Electric Rickshaw Market: Competitive Structure
Table 9: India: Electric Rickshaw Market: Key Players


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Key Questions Answered in This Report

We expect the India electric rickshaw market to exhibit a CAGR of 11.34% during 2022-2027.

The rising awareness towards eco-friendly commuting solutions, such as electric rickshaw, for public transportation is primarily driving the India electric rickshaw market.

The sudden outbreak of the COVID-19 pandemic had led to the growing consumer inclination towards personal vehicles, to combat the risk of the coronavirus infection, thereby limiting the demand for public transports, such as electric rickshaws across the nation.

Based on the motor power, the India electric rickshaw market can be segmented into <1000 W, 1000 – 15000 W, and >1500 W. Among these, 1000 – 15000 W holds the majority of the total market share.

Based on the battery capacity, the India electric rickshaw market has been divided into <101 Ah and >101 Ah, where <101 Ah currently exhibits a clear dominance in the market.

Based on the battery type, the India electric rickshaw market can be categorized into li-ion battery and lead acid battery. Currently, lead acid battery accounts for the majority of the total market share.

Based on the sales channel, the India electric rickshaw market has been segregated into organized and unorganized, where unorganized sales channel currently holds the largest market share.

Based on the end user, the India electric rickshaw market can be bifurcated into passenger carrier and load carrier. Currently, passenger carrier exhibits a clear dominance in the market.

On a regional level, the market has been classified into North India, West and Central India, South India, and East India, where North India currently dominates the India Electric Rickshaw Market.

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