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Electric Three Wheeler Market in APAC 2016-2020

Electric Three Wheeler Market in APAC 2016-2020

About Electric Three Wheeler

The global automotive industry consists of two categories of vehicles based on engine type:

  • Internal combustion engine (ICE)
  • Electric vehicle (EV)
Conventional ICE-based three-wheelers are widely used commercial vehicles that transport goods and passengers. EVs are gaining popularity because ICE-based vehicles tend to emit carbon monoxide, oxides of nitrogen, hydrocarbons, and other particulate matters, resulting in environmental pollution. EVs, such as electric three-wheelers, are environment-friendly and a fuel-saving alternative to liquid fuel-powered three-wheelers. These are mostly preferred for short-range travel requirements.

Technavio’s analysts forecast the electric three-wheeler market in APAC to grow at a CAGR of 7.23% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the electric three-wheeler market in APAC for 2016-2020. To calculate the market size, the report considers the total production by OEMs of electric three-wheelers.

Based on production, the market is segmented into the following regions:
  • China
  • India
  • Japan
Technavio's report, Electric Three Wheeler Market in APAC 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Chongqing Bajaj Machinery
  • Qiangsheng Electric Tricycle Factory
  • Scooters India
  • Terra Motors
Market driver
  • Subsidy schemes
  • For a full, detailed list, view our report
Market challenge
  • Range and performance
  • For a full, detailed list, view our report
Market trend
  • Improvements in battery technology
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?

Press Release

Technavio Announces the Publication of its Research Report – Electric Three Wheeler Market in APAC 2016-2020

Technavio recognizes the following companies as the key players in the Electric Three Wheeler Market in APAC: Chongqing Bajaj Machinery, Qiangsheng Electric Tricycle Factory, Scooters India and Terra Motors

Commenting on the report, an analyst from Technavio’s team said: “Manufacturers are focusing on developing Li-ion batteries with extended lives, as this type of battery has the highest electrochemical potential of all metals. These batteries have features such as improved charge efficiency and high durability, which improves the performance and efficiency of battery-powered EVs.”

According to the report, Strong government support and financial incentives for both customers and manufacturers are boosting the popularity of EVs in the market. APAC countries, especially India, China, South Korea, Indonesia, and Bangladesh, are implementing programs to boost the sales of electric three-wheelers and other electric and hybrid vehicles.

Further, the report states that the limited battery capacity is a serious concern for end-users, as the vehicle may deplete its battery before reaching the destination.

Companies Mentioned

Chongqing Bajaj Machinery, Qiangsheng Electric Tricycle Factory, Scooters India, Terra Motors

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
    • Top-vendor offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
      • Table EV classification
    • EV charging technologies
  • Market landscape
    • Table Electric three-wheeler market in APAC 2014-2020 (thousands of units)
    • Five forces analysis
  • Key leading countries
  • Market drivers
    • Subsidy schemes
    • Low ownership, operating, and maintenance costs
    • Growing demand for eco-friendly transportation
      • Table Environmental benefits of electric three-wheelers
    • Shift in manufacturing base for Li-ion batteries from Japan to China
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
  • Vendor landscape
    • Competitive scenario
  • Key vendor analysis
    • Chongqing Bajaj Machinery
    • Scooters India
      • Table Scooters India: Production and sales volume comparison 2014 and 2015 (in numbers)
      • Table Scooters India: Revenue recognition 2015
      • Table Scooters India: Revenue comparison 2014 and 2015 ($ millions)
      • Table Scooters India: Revenue and net income comparison 2014 and 2015 ($ millions)
    • Terra Motors
    • Qiangsheng Electric Tricycle Factory
  • Appendix
    • List of abbreviations
  • Explore Technavio

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