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Global Electric Trike Market 2016-2020

Global Electric Trike Market 2016-2020

About Electric Trikes

The traditional two-wheeled motorcycle dominates the market because such machines are tested and proven mechanisms delivering mileage performance. Another type of vehicle is the trike, the three-wheeled motorcycle, which is known for its increased stability and safety of the rider. These motorcycles are equipped with advanced features to increase the driving pleasure and for better control, feel, and style. This type of motorcycle was introduced during the last decade. The motorcycle trikes and scooter trikes remain in their nascent stages. However, these trikes are expected to gain traction during the forecast period.

Technavio’s analysts forecast the global electric trikes market to grow at a CAGR of 13.22% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global electric trikes market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of electric trikes.

The market is divided into the following segments based on geography:

  • APAC
  • Europe
  • North America
Technavio's report, Global Thoracic Surgery Market 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
  • Piaggio
  • Toyota Motor Corporation
  • BMW
  • Yamaha Motor Company
Other prominent vendors
  • Aprilia Magnet
  • Arcimoto
  • Electra Meccanica
  • Elio Motors
  • Sway Motorsports
  • Torq
  • Valene Motors
Market driver
  • Trikes offer more stability and convenience compared with traditional motorcycles
  • For a full, detailed list, view our report
Market challenge
  • Customers to rethink trike purchases because of non-standard vehicle category licensing in countries
  • For a full, detailed list, view our report
Market trend
  • Development of high-performance electric trike to attract sports vehicle enthusiasts toward electric trike
  • 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 – Global Electric Trikes Market 2016-2020

Technavio recognizes the following companies as the key players in the global electric trikes market: Piaggio, Toyota Motor Corporation, BMW, and Yamaha Motor Company

Other Prominent Vendors in the market are: Aprilia Magnet, Arcimoto, Electra Meccanica, Elio Motors, Sway Motorsports, Torq, and Valene Motors

Commenting on the report, an analyst from Technavio’s team said: “The development of high-performance trikes allowed the traveling enthusiasts to experience both motorcycle and car riding. Additionally, low powered trikes like Piaggio gave a comfortable ride to daily commuters. However, the cornering of these vehicles remained a challenge for the vendors as motorcycles lean during the cornering and that cannot be experienced by trike, and this led to the development of tilting trikes.”

According to the report, since electric trikes are powered and driven by battery-powered systems, the improvement in the battery technology is one of the most important factors for the global electric trike market. There have been several improvements in the technology of battery electric vehicles, making them more desirable to the consumer. For example, the advancement of Li-ion batteries has made them comparatively lightweight with a long lifespan compared with conventional lead-acid and VRLA batteries.

Further, the report states that purely electric motorcycles, which include the electric trike draw the energy for motion from the onboard Li-ion batteries. To keep the electric motorcycle running, the batteries require to be recharged frequently. The batteries installed in high-performance electric trike have a high-power rating, ranging from 12kWh to 50kW. Due to this, the growing number of electric motorcycles on the road create a challenge for the market if the supporting infrastructure is not maintained.



Companies Mentioned

Piaggio, Toyota Motor Corporation, BMW, Yamaha Motor Company, Aprilia Magnet, Arcimoto, Electra Meccanica, Elio Motors, Sway Motorsports, Torq, Valene Motors

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
    • Report coverage
      • Table Report coverage
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
      • Table Trike classification
      • Table Heavyweight motorcycles in North America and Europe 2015-2020 (millions of units)
      • Table Trike penetration in heavyweight motorcycles in North America and Europe market s 2015-2020
      • Table Trike categories based on powertrain
    • Electric trike: Market dynamics
    • Value chain analysis
      • Table Value chain analysis of electric trike market
  • Market landscape
    • Market overview
      • Table Segmentation of electric trike market
    • Electric vehicles charging technologies
      • Table Types of electric vehicle charging technology
    • Market size and forecast
      • Table Global electric trike market 2015-2020 (thousands of units)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by power output
    • Global electric trike market segmentation by power output
      • Table Segmentation of global electric trike market by power output 2015 and 2020
      • Table Global electric trike market by power output (2015-2020)
    • Global electric trike market by low-powered trike
      • Table Global electric trike market by low powered trike 2015-2020 (thousands of units)
    • Global electric trike market by high-performance trike
      • Table Global electric trike market by high-performance trike 2015-2020
  • Market segmentation by trike type
    • Global electric trike market segmentation by trike type
      • Table Segmentation of global electric trike market by trike type 2015 and 2020
      • Table Global electric trike market by trike type 2015-2020
    • Global electric trike market by reverse trike
      • Table Global electric trike market by reverse trikes 2015-2020 (thousands of units)
    • Global electric trike market by delta trike
      • Table Global electric trike market by delta trikes 2015-2020 (thousands of units)
  • Geographical segmentation
    • Segmentation of global electric trike market by geography
      • Table Global electric trike market by geography 2015 and 2020
      • Table Global electric trike market by geography 2015-2020
    • Electric trike market in Europe
      • Table Electric trike market in Europe 2015-2020 (thousands of units)
    • Electric trike market in North America
      • Table Electric trike market in North America 2015-2020 (thousands of units)
    • Electric trike market in APAC
      • Table Electric trike market in APAC 2015-2020 (thousands of units)
  • Market drivers
    • Table Key drivers of global electric trike market
    • Table Top 10 cities in US for traffic congestion (2015)
    • Table Incentives by some states in US for EVs
  • Market challenges
    • Table Key challenges of the global electric trike market
  • Market trends
    • Table Key trends of the global electric trike market
    • Table Architecture of electric trike
  • Vendor landscape
    • Competitive benchmarking
    • Other prominent vendors
      • Table Other prominent vendors
  • Key vendor analysis
    • Piaggio
      • Table Piaggio: Business segmentation by revenue 2015
      • Table Piaggio business: Geographical segmentation by revenue 2015
      • Table Piaggio: Product portfolio
      • Table Piaggio: Recent development
    • Toyota Motor Corporation
      • Table Toyota: Business segmentation by revenue 2015
      • Table Toyota business: Geographical segmentation by revenue 2015
      • Table Toyota: Product portfolio
      • Table Toyota: Recent development
    • BMW
      • Table BMW business: Geographical segmentation by revenue 2015
      • Table BMW: Product portfolio
      • Table BMW: Recent development
    • Yamaha Motor Company
      • Table Yamaha: Business segmentation by revenue 2015
      • Table Yamaha business: Geographical segmentation by revenue 2015
      • Table Yamaha: Product portfolio
      • Table Yamaha: Recent development
  • Appendix
    • List of abbreviations
  • Explore Technavio

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