Market Research Logo

Global Three-Wheel Passenger Carrier Market 2017-2021

Global Three-Wheel Passenger Carrier Market 2017-2021

About Three-Wheel Passenger Carrier

Three-wheelers (3Ws) or three-wheel vehicles, as the name implies, contain one wheel at the front and two wheels at the rear end. 3Ws are mostly used for public transportation and for goods carriage for short to medium distances in regions where less public transport facilities, underdeveloped logistics operations, and low disposable incomes prevail. Developing and underdeveloped nations like India, China, other Asian countries, and some Latin American and African countries contribute the most to the global 3W market. The increase in the demand for 3Ws in these countries are owing to the cost-effective transportation they offer in areas where other options of transportations are inadequate.

Technavio’s analysts forecast the global Three-Wheel Passenger Carrier market to grow at a CAGR of 7.78% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global three-wheel passenger carrier market for 2017-2021. To calculate the market size, the report considers the shipments of 3W PCs.

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

  • APAC
  • ROW
Technavio's report, Global Three-Wheel Passenger Carrier Market 2017-2021, 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
  • Atul Auto
  • Bajaj Auto
  • Mahindra and Mahindra
  • Piaggio
  • Qiangsheng Electric Tricycle Factory
Other prominent vendors
  • Chongqing Bajaj Auto Machinery
  • Scooters India
  • Terra Motors
  • TVS
Market driver
  • 3W PC being the low-cost vehicle with lower maintenance costs
  • For a full, detailed list, view our report
Market challenge
  • Increased adoption of four-wheel SPCVs for passenger transportation
  • For a full, detailed list, view our report
Market trend
  • Customization of 3W goods carriers for day-to-day applications
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 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 Three-Wheel Passenger Carrier Market 2017-2021
Technavio recognizes the following companies as the key players in the global three-wheel passenger carrier market: Atul Auto, Bajaj Auto, Mahindra and Mahindra, Piaggio, and Qiangsheng Electric Tricycle Factory.
Other Prominent Vendors in the market are: Chongqing Bajaj Auto Machinery, Scooters India, Terra Motors, and TVS.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is customization of 3W goods carriers for day-to-day applications. Major players such as Atul Auto and Piaggio together with many aftermarket commercial vehicle modification firms are driving a trend in the 3W market by customizing 3W goods carriers as an affordable option in day-to-day applications. To make 3Ws more efficient in these applications, manufacturers are modifying engines and hydraulic systems. They have been producing hydraulic pumps that are more efficient and provide more output with the given engine and horsepower. With the use of different attachments, 3Ws can be used for various processes other than just goods transportation.”
According to the report, one of the major drivers for this market is 3W PC being the low-cost vehicle with lower maintenance costs. The 3W PC is the cheapest mode of transportation for more than two people, with a product price range of $2,000-$3,000. The lower cost of such vehicles allows small logistics firms and individual end-users to adopt such vehicles over four-wheel minivans that cost above $5,000.
Further, the report states that one of the major factors hindering the growth of this market is increased adoption of four-wheel SPCVs for passenger transportation. Four-wheel SPCVs with costs below $8,000 are hitting the passenger vehicle market, especially in India. These vehicles belong to the Auto Rikshaw category in India, and hence, all the 3W emission norms apply to this category as well. In addition, comparing to 3Ws, four-wheelers offer better stability and sturdiness in driving, power, and higher load carrying capacity. The four-wheel architecture allows faster turnarounds and easy handling as well. This makes comfortable driving for long distances and areas without roads.

Companies Mentioned

Atul Auto, Bajaj Auto, Mahindra and Mahindra, Piaggio, Qiangsheng Electric Tricycle Factory, Chongqing Bajaj Auto Machinery, Scooters India, Terra Motors, and TVS.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
      • Table Classification of 3Ws by fuel type
  • Market landscape
    • Market overview
      • Table Global 3W PC market landscape
    • Market size and forecast
      • Table Global 3W market by type of use
      • Table Global 3W PC market 2016-2021 (millions of units)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by propulsion type
    • Market overview
      • Table Global 3W PC market by vehicle propulsion type 2016
      • Table Global 3W PC market by vehicle propulsion type 2021
    • Market size and forecast
      • Table Global ICE-powered 3W PC market 2016- 2021 (thousands of units)
      • Table Global AP 3W PC market 2016- 2021 (thousands of units)
  • Geographical segmentation
    • Market overview
      • Table Global 3W PC market by geography 2016
      • Table Global 3W PC market by geography 2021
      • Table Global 3W PC market by geography 2016- 2021
    • 3W PC market in APAC
      • Table APAC 3W PC market by countries 2016
      • Table APAC 3W PC market 2016- 2021 (millions of units)
      • Table Indian 3W market by type 2016
      • Table Indian 3W PC market 2016- 2021 (thousands of units)
      • Table Rest of APAC 3W PC market 2016- 2021 (unit sales in thousands)
    • 3W PC market in ROW
      • Table ROW 3W PC market 2016- 2021 (millions of units)
  • Key leading countries
    • Table Market share of key leading countries
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table 3W PCs in Indian metro cities 2015
    • Market challenges
      • Table Gas stations and NGV fuel stations across different countries 2015
  • Market trends
    • Electric powertrain 3Ws
    • Customization of 3W goods carriers for day-to-day applications
      • Table Applications of 3Ws
  • Vendor landscape
    • Quantitative benchmarking
      • Table 3W PC market in India by major players 2016
    • Competitive benchmarking
      • Table Quality benchmarking of the top vendors in the global 3W PC market
    • Other prominent vendors
      • Table Other prominent vendors
  • Key vendor analysis
    • Atul Auto
      • Table Atul Auto: 3W product portfolio
      • Table Atul Auto: Recent developments
    • Bajaj Auto
      • Table Bajaj Auto: 3W PC product portfolio
      • Table Bajaj Auto: Recent developments
    • Mahindra and Mahindra
      • Table Mahindra and Mahindra: 3W product portfolio
      • Table Mahindra and Mahindra: Recent developments
    • Piaggio
      • Table Piaggio: Business segmentation by revenue 2015
      • Table Piaggio: Geographical segmentation by revenue 2015
      • Table Piaggio: 3W product portfolio
      • Table Piaggio: Recent developments
    • Qiangsheng Electric Tricycle Factory
      • Table Qiangsheng Electric Tricycle Factory: Product categories
      • Table Qiangsheng Electric Tricycle Factory: Product portfolio
      • Table Qiangsheng Electric Tricycle Factory: Recent developments
  • Appendix
    • List of abbreviations
  • Explore Technavio

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report