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Three-Wheeler Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The global three-wheeler market grew at a CAGR of around 12% during 2015-2020. Looking forward, the market is expected to continue its strong growth during 2021-2026. 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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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 report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, vehicle type, passenger vehicle and fuel type.

Breakup by Vehicle Type:

 

 
 

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  • Passenger Carrier
  • Load Carrier
     

Breakup by Passenger Vehicle:

  • 4-seater
  • 6-seater
     

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.

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$), 2015-2020
Figure 3: Global: Three-Wheeler Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 4: Global: Three-Wheeler Market: Breakup by Vehicle Type (in %), 2020
Figure 5: Global: Three-Wheeler Market: Breakup by Passenger Vehicle (in %), 2020
Figure 6: Global: Three-Wheeler Market: Breakup by Fuel Type (in %), 2020
Figure 7: Global: Three-Wheeler Market: Breakup by Region (in %), 2020
Figure 8: Global: Three-Wheeler (Passenger Carrier) Market: Sales Value (in Million US$), 2015 & 2020
Figure 9: Global: Three-Wheeler (Passenger Carrier) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 10: Global: Three-Wheeler (Load Carrier) Market: Sales Value (in Million US$), 2015 & 2020
Figure 11: Global: Three-Wheeler (Load Carrier) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 12: Global: Three-Wheeler (4-seater) Market: Sales Value (in Million US$), 2015 & 2020
Figure 13: Global: Three-Wheeler (4-seater) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 14: Global: Three-Wheeler (6-seater) Market: Sales Value (in Million US$), 2015 & 2020
Figure 15: Global: Three-Wheeler (6-seater) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 16: Global: Three-Wheeler (Petrol/CNG) Market: Sales Value (in Million US$), 2015 & 2020
Figure 17: Global: Three-Wheeler (Petrol/CNG) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 18: Global: Three-Wheeler (Diesel) Market: Sales Value (in Million US$), 2015 & 2020
Figure 19: Global: Three-Wheeler (Diesel) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 20: Global: Three-Wheeler (Electric) Market: Sales Value (in Million US$), 2015 & 2020
Figure 21: Global: Three-Wheeler (Electric) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 22: Asia Pacific: Three-Wheeler Market: Sales Value (in Million US$), 2015 & 2020
Figure 23: Asia Pacific: Three-Wheeler Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 24: China: Three-Wheeler Market: Sales Value (in Million US$), 2015 & 2020
Figure 25: China: Three-Wheeler Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 26: India: Three-Wheeler Market: Sales Value (in Million US$), 2015 & 2020
Figure 27: India: Three-Wheeler Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 28: Indonesia: Three-Wheeler Market: Sales Value (in Million US$), 2015 & 2020
Figure 29: Indonesia: Three-Wheeler Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 30: Bangladesh: Three-Wheeler Market: Sales Value (in Million US$), 2015 & 2020
Figure 31: Bangladesh: Three-Wheeler Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 32: Sri Lanka: Three-Wheeler Market: Sales Value (in Million US$), 2015 & 2020
Figure 33: Sri Lanka: Three-Wheeler Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 34: Thailand: Three-Wheeler Market: Sales Value (in Million US$), 2015 & 2020
Figure 35: Thailand: Three-Wheeler Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 36: Africa: Three-Wheeler Market: Sales Value (in Million US$), 2015 & 2020
Figure 37: Africa: Three-Wheeler Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 38: South Africa: Three-Wheeler Market: Sales Value (in Million US$), 2015 & 2020
Figure 39: South Africa: Three-Wheeler Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 40: Egypt: Three-Wheeler Market: Sales Value (in Million US$), 2015 & 2020
Figure 41: Egypt: Three-Wheeler Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 42: Kenya: Three-Wheeler Market: Sales Value (in Million US$), 2015 & 2020
Figure 43: Kenya: Three-Wheeler Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 44: Nigeria: Three-Wheeler Market: Sales Value (in Million US$), 2015 & 2020
Figure 45: Nigeria: Three-Wheeler Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 46: Tanzania: Three-Wheeler Market: Sales Value (in Million US$), 2015 & 2020
Figure 47: Tanzania: Three-Wheeler Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 48: South America: Three-Wheeler Market: Sales Value (in Million US$), 2015 & 2020
Figure 49: South America: Three-Wheeler Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 50: Brazil: Three-Wheeler Market: Sales Value (in Million US$), 2015 & 2020
Figure 51: Brazil: Three-Wheeler Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 52: Colombia: Three-Wheeler Market: Sales Value (in Million US$), 2015 & 2020
Figure 53: Colombia: Three-Wheeler Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 54: Chile: Three-Wheeler Market: Sales Value (in Million US$), 2015 & 2020
Figure 55: Chile: Three-Wheeler Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 56: Peru: Three-Wheeler Market: Sales Value (in Million US$), 2015 & 2020
Figure 57: Peru: Three-Wheeler Market Forecast: Sales Value (in Million US$), 2021-2026
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, 2020 and 2026
Table 2: Global: Three-Wheeler Market Forecast: Breakup by Vehicle Type (in Million US$), 2021-2026
Table 3: Global: Three-Wheeler Market Forecast: Breakup by Passenger Vehicle (in Million US$), 2021-2026
Table 4: Global: Three-Wheeler Market Forecast: Breakup Fuel Type (in Million US$), 2021-2026
Table 5: Global: Three-Wheeler Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 6: Global: Three-Wheeler Market: Competitive Structure
Table 7: Global: Three-Wheeler Market: Key Players

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