Market Overview:
The global three-wheeler market is expected to exhibit a CAGR of 10.1% 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.
Three-wheelers are primarily used for transporting carrier loads or passengers. These vehicles are widely utilized as a convenient public transportation mode for short-to-medium distances and for last-mile connectivity of goods transportation. The high adoption rate of three-wheelers depends upon their fuel efficiency, compact design, cost-effectiveness, and lower emissions. Furthermore, these vehicles are low on maintenance in comparison to other heavy- to medium-duty transportation vehicles.
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Note: Values and trends in the above chart consists of dummy data and are only shown here for representation purpose. Kindly contact us for the actual market size and trends.
The expanding public transportation sector, particularly across the developing countries, such as Nepal, Bangladesh, India, Pakistan, etc., is primarily driving the demand for three-wheeler vehicles. Furthermore, the rising number of three-wheeler registrations with several ridesharing and radio taxi companies is also catalyzing the global market. Additionally, the growing adoption of three-wheeler vehicles in the logistics sector for transporting goods to remote locations is further propelling the market growth. Besides this, the soaring fuel prices of conventional fuels, such as petrol and diesel, have led to a rising inclination towards CNG/LPG-driven three-wheelers. Moreover, the growing environmental concerns towards the increasing GHG emissions from gasoline- or diesel-powered three-wheelers have led to the emergence of their eco-friendly alternatives, including e-rickshaws. Additionally, the introduction of various government initiatives and awareness programs to promote the adoption of electric three-wheelers is also augmenting the market growth. Apart from this, rising modernization of several commercial infrastructures, such as shopping malls, educational institutes, metro rail, etc., has led to the growing utilization of electric three-wheelers for providing local conveyance to the customers.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global three-wheeler market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on vehicle type, passenger vehicle and fuel type.
Breakup by Vehicle Type:
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Note: Values and trends in the above chart consists of dummy data and are only shown here for representation purpose. Kindly contact us for the actual market size and trends.
- Passenger Carrier
- Load Carrier
Breakup by Passenger Vehicle:
Breakup by Fuel Type:
- Petrol/CNG
- Diesel
- Electric
Market Breakup by Region:
- Asia-Pacific
- China
- India
- Indonesia
- Bangladesh
- Sri Lanka
- Thailand
- Africa
- South Africa
- Egypt
- Kenya
- Nigeria
- Tanzania
- South America
- Brazil
- Colombia
- Chile
- Peru
Competitive Landscape:
The competitive landscape of the industry has also been examined with some of the key players being Bajaj Auto Limited, TVS Motor Company Limited, Mahindra & Mahindra Limited, Piaggio & C. S.p.A., Scooters India Limited, Atul Auto Limited, Kinetic Green, ChongQing Zongshen Tricycle Manufacturing Co., Ltd.
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, Passenger Vehicle, Fuel Type, Region |
| Region Covered |
Asia Pacific, Africa, South America |
| Countries Covered |
China, India, Indonesia, Bangladesh, Sri Lanka, Thailand, South Africa, Egypt, Kenya, Nigeria, Tanzania, Brazil, Colombia, Chile, Peru |
| Companies Covered |
Bajaj Auto Limited, TVS Motor Company Limited, Mahindra & Mahindra Limited, Piaggio & C. S.p.A., Scooters India Limited, Atul Auto Limited, Kinetic Green and ChongQing Zongshen Tricycle Manufacturing Co., Ltd. |
| 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 three-wheeler market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global three-wheeler 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 passenger vehicle?
- What is the breakup of the market based on the fuel 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 three-wheeler 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 Three-wheeler 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 Passenger Carrier
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Load Carrier
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Passenger Vehicle
7.1 4-seater
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 6-seater
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by Fuel Type
8.1 Petrol/CNG
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Diesel
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Electric
8.3.1 Market Trends
8.3.2 Market Forecast
9 Market Breakup by Region
9.1 Asia Pacific
9.1.1 China
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 India
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.1.3 Indonesia
9.1.3.1 Market Trends
9.1.3.2 Market Forecast
9.1.4 Bangladesh
9.1.4.1 Market Trends
9.1.4.2 Market Forecast
9.1.5 Sri Lanka
9.1.5.1 Market Trends
9.1.5.2 Market Forecast
9.1.6 Thailand
9.1.6.1 Market Trends
9.1.6.2 Market Forecast
9.2 Africa
9.2.1 South Africa
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Egypt
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 Kenya
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 Nigeria
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Tanzania
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.3 South America
9.3.1 Brazil
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 Colombia
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 Chile
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Peru
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
11.1 Overview
11.2 Inbound Logistics
11.3 Operations
11.4 Outbound Logistics
11.5 Marketing and Sales
11.6 Service
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 Competitive Landscape
13.1 Market Structure
13.2 Key Players
13.3 Profiles of Key Players
13.3.1 Bajaj Auto Limited
13.3.1.1 Company Overview
13.3.1.2 Product Portfolio
13.3.2 TVS Motor Company Limited
13.3.2.1 Company Overview
13.3.2.2 Product Portfolio
13.3.3 Mahindra & Mahindra Limited
13.3.3.1 Company Overview
13.3.3.2 Product Portfolio
13.3.4 Piaggio & C. S.p.A.
13.3.4.1 Company Overview
13.3.4.2 Product Portfolio
13.3.5 Scooters India Limited
13.3.5.1 Company Overview
13.3.5.2 Product Portfolio
13.3.6 Atul Auto Limited
13.3.6.1 Company Overview
13.3.6.2 Product Portfolio
13.3.7 Kinetic Green
13.3.7.1 Company Overview
13.3.7.2 Product Portfolio
13.3.8 ChongQing Zongshen Tricycle Manufacturing Co., Ltd.
13.3.8.1 Company Overview
13.3.8.2 Product Portfolio
List of Figures
Figure 1: Global: Three-Wheeler Market: Major Drivers and Challenges
Figure 2: Global: Three-Wheeler Market: Sales Value (in Million US$), 2016-2021
Figure 3: Global: Three-Wheeler Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 4: Global: Three-Wheeler Market: Breakup by Vehicle Type (in %), 2021
Figure 5: Global: Three-Wheeler Market: Breakup by Passenger Vehicle (in %), 2021
Figure 6: Global: Three-Wheeler Market: Breakup by Fuel Type (in %), 2021
Figure 7: Global: Three-Wheeler Market: Breakup by Region (in %), 2021
Figure 8: Global: Three-Wheeler (Passenger Carrier) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Three-Wheeler (Passenger Carrier) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Three-Wheeler (Load Carrier) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Three-Wheeler (Load Carrier) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Three-Wheeler (4-seater) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Three-Wheeler (4-seater) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Three-Wheeler (6-seater) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Three-Wheeler (6-seater) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Three-Wheeler (Petrol/CNG) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Three-Wheeler (Petrol/CNG) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Three-Wheeler (Diesel) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Three-Wheeler (Diesel) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Three-Wheeler (Electric) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Three-Wheeler (Electric) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Asia Pacific: Three-Wheeler Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Asia Pacific: Three-Wheeler Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: China: Three-Wheeler Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: China: Three-Wheeler Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: India: Three-Wheeler Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: India: Three-Wheeler Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Indonesia: Three-Wheeler Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Indonesia: Three-Wheeler Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Bangladesh: Three-Wheeler Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Bangladesh: Three-Wheeler Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Sri Lanka: Three-Wheeler Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Sri Lanka: Three-Wheeler Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Thailand: Three-Wheeler Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Thailand: Three-Wheeler Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: Africa: Three-Wheeler Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: Africa: Three-Wheeler Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: South Africa: Three-Wheeler Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: South Africa: Three-Wheeler Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: Egypt: Three-Wheeler Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: Egypt: Three-Wheeler Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: Kenya: Three-Wheeler Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: Kenya: Three-Wheeler Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: Nigeria: Three-Wheeler Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: Nigeria: Three-Wheeler Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Tanzania: Three-Wheeler Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Tanzania: Three-Wheeler Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: South America: Three-Wheeler Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: South America: Three-Wheeler Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: Brazil: Three-Wheeler Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: Brazil: Three-Wheeler Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Colombia: Three-Wheeler Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Colombia: Three-Wheeler Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: Chile: Three-Wheeler Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: Chile: Three-Wheeler Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Peru: Three-Wheeler Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: Peru: Three-Wheeler Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Global: Three-Wheeler Industry: SWOT Analysis
Figure 59: Global: Three-Wheeler Industry: Value Chain Analysis
Figure 60: Global: Three-Wheeler Industry: Porter’s Five Forces Analysis
List of Tables
Table 1: Global: Three-Wheeler Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Three-Wheeler Market Forecast: Breakup by Vehicle Type (in Million US$), 2022-2027
Table 3: Global: Three-Wheeler Market Forecast: Breakup by Passenger Vehicle (in Million US$), 2022-2027
Table 4: Global: Three-Wheeler Market Forecast: Breakup by Fuel Type (in Million US$), 2022-2027
Table 5: Global: Three-Wheeler Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Three-Wheeler Market: Competitive Structure
Table 7: Global: Three-Wheeler Market: Key Players