Global Three-Wheeler Market By Vehicle Type (Passenger Carrier Vs. Load Carrier), By Fuel Type (Electric, Petrol/CNG and Diesel), By Region (APAC, Africa, South America and Rest of World), Competition Forecast & Opportunities, 2014 – 2024
Global three-wheelers market exhibited a moderate growth during 2014-2018, with value market of over $ 19.4 billion in 2018, and is projected to exhibit a CAGR of 12.8%, to reach $ 39.9 billion by 2024. The growing demand for three-wheelers globally has been backed by their low price, easy manoeuvrability and efficient performance. Moreover, three-wheelers market is anticipated to become more promising, as companies are launching new models according to the customized specifications across different regions. Additionally, rising demand for transportation in regions like Asia-Pacific and Africa along with growing inclination towards last mile delivery of products would further propel growth in the market over the next five years.
Years considered for this report:
Historical Year: 2014-2017
Base Year: 2018
Estimated Year: 2019
Forecast Period: 2019–2024
- bjective of the Study:
- To assess the demand-supply scenario of three-wheelers market, which covers sales, demand and supply of three-wheelers market globally.
- To analyze and forecast the market size of three-wheelers market.
- To classify and forecast global three-wheelers market based on vehicle type, fuel type, by company type and by region type.
- To identify the drivers and challenges for global three-wheelers market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the global three-wheelers market.
- To conduct the pricing analysis for global three-wheelers market.
- To identify and analyze the profile of leading players involved in the manufacturing of three-wheelers.
Some of the major players operating in global three-wheelers market are Bajaj Auto Limited, Piaggio & C. S.p.A., Mahindra & Mahindra Limited, TVS Motor Company Limited, Scooters India Limited, Atul Auto Limited, ChongQing Zongshen Tricycle Manufacturing Co., Ltd. and Ningbo Dowedo International Trade Co., Ltd.
To perform the study, TechSci Research conducted primary as well as exhaustive secondary research. Initially, TechSci Research prepared an exhaustive list of three-wheelers distributors and dealers operating globally. Subsequently, TechSci Research conducted primary research surveys, which include primary calls, email responses, etc., with the identified companies. While interviewing, the respondents were also asked about their major competitors. Through this technique, TechSci Research could include manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analysed product offerings, distribution channels, and regional presence of all major three-wheelers companies across the globe.
TechSci Research calculated the market size for three-wheelers market using a bottom-up technique, wherein sales volume data of different vehicle type and fuel type, were recorded as well as forecast for the future years. TechSci Research sourced these value & volume from industry experts and company representatives, and externally validated through analysing historical sales data of respective manufacturers to arrive at the overall market size.
TechSci Research calculated the market size for global three-wheelers market using a bottom-up technique, wherein the value service data for different vehicle type (Passenger Carrier Vs. Load Carrier) were recorded as well as forecast for the future years. TechSci Research sourced these values from industry experts and company representatives, and externally validated through analysing historical data of respective companies to arrive at the overall market size. Multiple secondary sources such as directories, databases such as Society of Indian Automobile Manufacturers, China Association of Automobile Manufacturers (CAAM), company websites, company annual reports, white papers, investor presentations and financial reports were also studied by TechSci Research.
Key Target Audience:
- Governments and financial institutions
- End users of three-wheelers market
- Research organizations and consulting companies
- Research Institutes
- Associations, organizations, forums and alliances related to three-wheelers industry
- Three-wheelers distributors Companies
- Industry associations
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as three-wheelers manufacturers, dealers, customers and policy makers. The study would also help them to target the growing segments over the coming years, thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
In this report, global three-wheelers market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
- Market, by Vehicle Type:
- Passenger Carrier
- Load Carrier
- Market, by Fuel Type
- Market, by Region:
- South America
- Rest of World
Company Profiles: Detailed analysis of the major companies present in global three-wheelers market.
With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:
- Detailed analysis and profiling of additional market players (up to five).
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