Market Overview:
The global quadricycle and tricycle market reached a value of US$ 6,024.40 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 11,158.90 Million by 2027, exhibiting at a CAGR of 10.79% 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.
A quadricycle, or microcar, is a four-wheeled cycle and a tricycle is a three-wheeled cycle with two wheels at the back and one at the front. They commonly consist of iron handlebars, chain drives, leather belts, buggy and rubber wheels. Quadricycles and tricycles are widely used for intra-city commuting, recreational activities, exercising and transporting cargo. They can be operated through pedals or powered using electric, solar and gasoline energy sources. These cycles can aid in enhancing the overall cost-effectiveness of short-distance travel and reducing the risks of developing chronic diseases. Quadricycles and tricycles occupy minimal road space, generate negligible emissions and are considered as a safe mode of transportation. In comparison to the traditionally used bicycles, tricycles and quadricycles offer enhanced stability and comfort and are widely used for personal and commercial applications.
Quadricycle and Tricycle Market Trends:
Significant growth in the logistics and food industries across the globe is creating a positive outlook for the market. Quadricycles and tricycles integrated with potable storage units are widely used by mobile food outlets and food carts for the delivery of their products. Additionally, the increasing consumer preference for quadricycles in place of four-wheelers for convenient maneuvering in high traffic areas and easy parking is positively impacting the market growth. Moreover, various technological advancements, such as the replacement of lead-acid batteries with lithium-ion (Li-ion) batteries in braking and suspension systems, are providing a thrust to the market growth. These batteries are safe, high temperature resistant and provide constant power and enhanced usable capacity. Other factors, including the implementation of government initiatives to support small electric vehicles (EVs), along with various product innovations, such as the development of electric cycles with glass roofs and heated interior cabins, are anticipated to drive the market toward growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global quadricycle and tricycle market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on vehicle type, power source type and application type.
Breakup by Vehicle Type:
Breakup by Power Source Type:
Breakup by Application Type:
Breakup by Region:
- North America
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Aixam-Mega (Polaris Inc.), Bajaj Auto Limited, Bellier Automobiles, Bombardier Recreational Products Inc., Club Car, Estrima S.p.A, Ligier, Motor Trike Inc., Polaris Inc., Tazzari Gl Imola Spa, Urban Tricycles Ltd. and Worksman Cycles Company Inc.
Report Coverage:
| Report Features |
Details |
|---|
| Base Year of the Analysis |
2021 |
| Historical Period |
2016-2021 |
| Forecast Period |
2022-2027 |
| Units |
US$ Million |
| Segment Coverage |
Vehicle Type, Power Source Type, Application Type, Region |
| Region Covered |
Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered |
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Companies Covered |
Aixam-Mega (Polaris Inc.), Bajaj Auto Limited, Bellier Automobiles, Bombardier Recreational Products Inc., Club Car, Estrima S.p.A, Ligier, Motor Trike Inc., Polaris Inc., Tazzari Gl Imola Spa, Urban Tricycles Ltd. and Worksman Cycles Company Inc. |
| Customization Scope |
10% Free Customization |
| Report Price and Purchase Option |
Single User License: US$ 2499
Five User License: US$ 3499
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) |
Key Questions Answered in This Report:
- How has the global quadricycle and tricycle market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global quadricycle and tricycle market?
- What are the key regional markets?
- What is the breakup of the market based on the vehicle type?
- What is the breakup of the market based on the power source type?
- What is the breakup of the market based on the application type?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global quadricycle and tricycle market and who are the key players?
- What is the degree of competition in the industry?
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 Global Quadricycle and Tricycle Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Vehicle Type
6.1 Quadricycle
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Tricycle
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Power Source Type
7.1 Electric
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Gasoline
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Solar
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by Application Type
8.1 Personal
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Commercial
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Aixam-Mega (Polaris Inc.)
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.2 Bajaj Auto Limited
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.2.3 Financials
14.3.3 Bellier Automobiles
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.4 Bombardier Recreational Products Inc.
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.4.3 Financials
14.3.4.4 SWOT Analysis
14.3.5 Club Car
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.6 Estrima S.p.A
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.7 Ligier
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.8 Motor Trike Inc.
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.9 Polaris Inc.
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.9.3 Financials
14.3.9.4 SWOT Analysis
14.3.10 Tazzari Gl Imola Spa
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.11 Urban Tricycles Ltd.
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
14.3.12 Worksman Cycles Company Inc.
14.3.12.1 Company Overview
14.3.12.2 Product Portfolio
List of Figures
Figure 1: Global: Quadricycle and Tricycle Market: Major Drivers and Challenges
Figure 2: Global: Quadricycle and Tricycle Market: Sales Value (in Million US$), 2016-2021
Figure 3: Global: Quadricycle and Tricycle Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 4: Global: Quadricycle and Tricycle Market: Breakup by Vehicle Type (in %), 2021
Figure 5: Global: Quadricycle and Tricycle Market: Breakup by Power Source Type (in %), 2021
Figure 6: Global: Quadricycle and Tricycle Market: Breakup by Application Type (in %), 2021
Figure 7: Global: Quadricycle and Tricycle Market: Breakup by Region (in %), 2021
Figure 8: Global: Quadricycle and Tricycle (Quadricycle) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Quadricycle and Tricycle (Quadricycle) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Quadricycle and Tricycle (Tricycle) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Quadricycle and Tricycle (Tricycle) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Quadricycle and Tricycle (Electric) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Quadricycle and Tricycle (Electric) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Quadricycle and Tricycle (Gasoline) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Quadricycle and Tricycle (Gasoline) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Quadricycle and Tricycle (Solar) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Quadricycle and Tricycle (Solar) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Quadricycle and Tricycle (Personal) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Quadricycle and Tricycle (Personal) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Quadricycle and Tricycle (Commercial) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Quadricycle and Tricycle (Commercial) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: North America: Quadricycle and Tricycle Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: North America: Quadricycle and Tricycle Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: United States: Quadricycle and Tricycle Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: United States: Quadricycle and Tricycle Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Canada: Quadricycle and Tricycle Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Canada: Quadricycle and Tricycle Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Asia-Pacific: Quadricycle and Tricycle Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Asia-Pacific: Quadricycle and Tricycle Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: China: Quadricycle and Tricycle Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: China: Quadricycle and Tricycle Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Japan: Quadricycle and Tricycle Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Japan: Quadricycle and Tricycle Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: India: Quadricycle and Tricycle Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: India: Quadricycle and Tricycle Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: South Korea: Quadricycle and Tricycle Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: South Korea: Quadricycle and Tricycle Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: Australia: Quadricycle and Tricycle Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: Australia: Quadricycle and Tricycle Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: Indonesia: Quadricycle and Tricycle Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: Indonesia: Quadricycle and Tricycle Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: Others: Quadricycle and Tricycle Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: Others: Quadricycle and Tricycle Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: Europe: Quadricycle and Tricycle Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: Europe: Quadricycle and Tricycle Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Germany: Quadricycle and Tricycle Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Germany: Quadricycle and Tricycle Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: France: Quadricycle and Tricycle Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: France: Quadricycle and Tricycle Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: United Kingdom: Quadricycle and Tricycle Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: United Kingdom: Quadricycle and Tricycle Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Italy: Quadricycle and Tricycle Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Italy: Quadricycle and Tricycle Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: Spain: Quadricycle and Tricycle Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: Spain: Quadricycle and Tricycle Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Russia: Quadricycle and Tricycle Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: Russia: Quadricycle and Tricycle Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Others: Quadricycle and Tricycle Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Others: Quadricycle and Tricycle Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Latin America: Quadricycle and Tricycle Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Latin America: Quadricycle and Tricycle Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Brazil: Quadricycle and Tricycle Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Brazil: Quadricycle and Tricycle Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Mexico: Quadricycle and Tricycle Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Mexico: Quadricycle and Tricycle Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Others: Quadricycle and Tricycle Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Others: Quadricycle and Tricycle Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Middle East and Africa: Quadricycle and Tricycle Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Middle East and Africa: Quadricycle and Tricycle Market: Breakup by Country (in %), 2021
Figure 70: Middle East and Africa: Quadricycle and Tricycle Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: Global: Quadricycle and Tricycle Industry: SWOT Analysis
Figure 72: Global: Quadricycle and Tricycle Industry: Value Chain Analysis
Figure 73: Global: Quadricycle and Tricycle Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Quadricycle and Tricycle Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Quadricycle and Tricycle Market Forecast: Breakup by Vehicle Type (in Million US$), 2022-2027
Table 3: Global: Quadricycle and Tricycle Market Forecast: Breakup by Power Source Type (in Million US$), 2022-2027
Table 4: Global: Quadricycle and Tricycle Market Forecast: Breakup by Application Type (in Million US$), 2022-2027
Table 5: Global: Quadricycle and Tricycle Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Quadricycle and Tricycle Market: Competitive Structure
Table 7: Global: Quadricycle and Tricycle Market: Key Players