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We expect the global three-wheeler market to exhibit a CAGR of 10.1% during 2022-2027.
The expanding public transportation sector, along with the rising adoption of electric three-wheelers
owing to the growing environmental concerns, is primarily driving the global three-wheeler market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown
regulations across several nations resulting in temporary shutdown of public transportation services to
prevent the risk of the coronavirus infection.
Based on the vehicle type, the global three-wheeler market has been divided into passenger carrier and
load carrier. Currently, passenger carrier holds the majority of the total market share.
Based on the fuel type, the global three-wheeler market can be categorized into petrol/CNG, diesel, and
electric. Among these, petrol/CNG exhibits a clear dominance in the market.
On a regional level, the market has been classified into Asia-Pacific, Africa, and South America, where
Asia-Pacific currently dominates the global market.
Some of the major players in the global three-wheeler market include 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., etc.
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