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Three-Wheeler Market by Fuel Type (Petrol/ CNG, Diesel, and Electric) and Vehicle Type (Passenger Carrier and Load Carrier): Global Opportunity Analysis and Industry Forecast, 2021–2028

A11334
Pages: 170
May 2021 | 250 Views
 
Author(s) : Prateek Yadav , Sonia Mutreja
Tables: 95
Charts: 61
 

COVID-19

Pandemic disrupted the entire world and affected many industries.

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Three-Wheeler Market Statistics 2028 -

The three-wheeler market was valued at $8.42 billion in 2020, and is projected to reach $15.54 billion by 2028, registering a CAGR of 10.3% from 2021 to 2028. 

The COVID-19 outbreak severely impacted the automotive sector on a global level, which in turn give rise to considerable drop in automotive sales, insufficiency of raw material, and others. In many low-income countries public transport provides employment to many individuals. However, as the public transport increases the spread of COVID-19 which as a result impacted the three-wheeler sales. Furthermore, three-wheeler offers easy customizability which in turn foreseen to reinforce the demand for three-wheeler load carriers during the outbreak.

A three-wheeler is a three wheeled vehicle propelled by petrol/CNG, diesel, or electric motor. Three-wheelers are generally used as a commercial vehicle to transport passenger and goods. Three-wheeler mobility depends on the maneuverability, affordability, and door-to-door transport. As many developing countries specially in Asia-Pacific and LAMEA require faster and significantly cheaper option for public and goods transport, three-wheeler suites the requirement best. 

Three-Wheeler-Market

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The COVID-19 outbreak severely impacted the automotive sector on a global level, which in turn give rise to considerable drop in automotive sales, insufficiency of raw material, and others. Many small and big players in the automotive sector are witnessing issues such as halt of production activities, mandated plant closures by the government, and others, which has affected the market growth. 

Factors such as increase in demand for affordable commercial vehicle, rise in requirement of electric passenger as well as load carriers, and low maintenance & manufacturing cost drive the demand for three-wheeler. However, ever-growing inclination toward the last mile delivery, shared mobility, and increase in fuel cost are expected to restrain the market growth. These factors are foreseen to have a definite impact on the three-wheeler market during the forecast period (2021-2028).

Three-Wheeler Market
By Fuel Type

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Electric Three-Wheelers is projected as the most lucrative segment

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The global three-wheeler market is segmented on the basis of fuel type and vehicle type. Based on fuel type, the market has been categorized into petrol/CNG, diesel, and electric. Based on vehicle type, it is categorized into passenger carrier and load carrier. Region wise, the global three-wheeler market is studied across North America, Europe, Asia-Pacific, and LAMEA.

Three-Wheeler Market
By Vehicle Type

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Laod Carrier is projected as the most lucrative segment

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The key players analyzed in the three-wheeler market include Bajaj Auto Ltd, Piaggio & C.SpA, Atul Auto Limited, Chongqing Zongshen Tricycle Manufacture Co. Ltd, J.S. Auto Pvt Ltd, Kinetic Green Energy & Power Solutions Ltd, Mahindra & Mahindra Ltd, Scooters India Limited, Terra Motors Corporation, and TVS Motor Company.

Three-Wheeler Market
By Region

2028
Asia-pacific 
North America
Europe
Lamea

LAMEA would exhibit the highest CAGR of 12.2% during 2021-2028.

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Inclination toward use of electric three-wheeler as an eco-friendly & efficient solution for commute

Continuously growing global carbon emission by combustion of fuel has been one of the foremost concerns for governments and environmentalists from the past few years. Which as a result, drive the demand for electric three-wheeler across the globe; thereby, supplementing the growth of the market. Furthermore, owing to increase fuel prices at international level, growing pollution, and traffic congestion especially in urban areas have further increased the acceptance of electric three-wheeler across the globe. In addition, relatively higher running and maintenance cost of petrol/CNG & diesel propelled three-wheeler leads to shift in preference for electric three-wheeler for the shorter transits, which, in turn, is further expected to fuel the market growth.

Growth in trend of last mile connectivity

Many companies in e-commerce, pharma, textiles, and retail, FMCG, and other utility segments such as dairy, poultry, and gas are preferring three-wheelers as a last mile connectivity solution as they offer excellent maneuverability at affordable price. Furthermore, many players are very keen to convert their last-mile delivery fleet to electric due to their added benefits. The growing adoption of electric vehicles is further reinforcing the demand for electric three-wheeler as well. According to Mahesh Babu, MD & CEO, Mahindra Electric, there is a very vast need for last mile delivery across various countries specially in pandemic. With effective integration of advance technology, design, and workflow, many leading players are trying to bring the upfront cost of electric three-wheelers, which further foreseen the preference for three-wheeler as a last mile connectivity solution. For Instance, in 2021, Amazon partnered with Mahindra Electric to deploy EVs in its delivery fleet. Amazon India had announced that its fleet of delivery vehicles will include 10,000 electric vehicles by 2025.

Key Benefits For Stakeholders

  • This study presents analytical depiction of the three-wheeler market analysis along with the current trends and future estimations to depict the imminent investment pockets.
  • The overall market potential is determined to understand the profitable trends to gain a stronger foothold.
  • The report presents information related to key drivers, restraints, and opportunities of the market with a detailed impact analysis.
  • The current three-wheeler market size is quantitatively analyzed from 2020 to 2028 to benchmark the financial competency.
  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the three-wheeler industry.

Key Market Segments

By Fuel Type

  • Petrol/CNG
  • Diesel
  • Electric

By Vehicle Type

  • Passenger Carrier
  • Load Carrier

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan 
    • India
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa

Key Players

  • Atul Auto Limited
  • Bajaj Auto Ltd
  • Chongqing Zongshen Tricycle Manufacture Co. Ltd
  • J.S. Auto Pvt Ltd
  • Kinetic Green Energy & Power Solutions Ltd
  • Mahindra & Mahindra Ltd
  • Piaggio & C.SpA
  • Scooters India Limited
  • Terra Motors Corporation
  • TVS Motor Company
 

CHAPTER 1:INTRODUCTION

1.1.Report description
1.2.Key benefits for stakeholders
1.3.Key market segments
1.4.Research methodology

1.4.1.Primary research
1.4.2.Secondary research
1.4.3.Analyst tools and models

CHAPTER 2:EXECUTIVE SUMMARY

2.1.CXO perspective

CHAPTER 3:MARKET OVERVIEW

3.1.Market definition and scope
3.2.Key findings

3.2.1.Top impacting factors
3.2.2.Top investment pockets
3.2.3.Top winning strategies

3.3.Porter’s five forces analysis
3.4.Market share analysis (2020)
3.5.Market dynamics

3.5.1.Drivers

3.5.1.1.Inclination toward use of electric three-wheeler as an eco-friendly & efficient solution for commute
3.5.1.2.Growing trend of last mile connectivity
3.5.1.3.Increasing demand for affordable commercial vehicle
3.5.1.4.Greater availability of credit and financing options

3.5.2.Restraints

3.5.2.1.Increase in fuel cost
3.5.2.2.High cost of battery

3.5.3.Opportunities

3.5.3.1.Growing trend of shared mobility

3.6.Impact of COVID-19 on the market

3.6.1.Evolution of outbreaks

3.6.1.1.SARS
3.6.1.2.COVID-19

3.6.2.Micro-economic impact analysis

3.6.2.1.Consumer trend
3.6.2.2.Technology trends
3.6.2.3.Regulatory trend

3.6.3.Macro-economic impact analysis

3.6.3.1.GDP
3.6.3.2.Import/export analysis
3.6.3.3.Employment index

3.6.4.Impact on the three-wheeler industry analysis

CHAPTER 4:GLOBAL THREE-WHEELER MARKET, FUEL TYPE

4.1.Overview
4.2.Petrol/ CNG

4.2.1.Key market trends, growth factors, and opportunities
4.2.2.Market size and forecast, by region
4.2.3.Market analysis, by country

4.3.Diesel

4.3.1.Key market trends, growth factors, and opportunities
4.3.2.Market size and forecast, by region
4.3.3.Market analysis, by country

4.4.Electric

4.4.1.Key market trends, growth factors, and opportunities
4.4.2.Market size and forecast, by region
4.4.3.Market analysis, by country

CHAPTER 5:GLOBAL THREE-WHEELER MARKET, BY VEHICLE TYPE

5.1.Overview
5.2.Passenger Carrier

5.2.1.Key market trends, growth factors, and opportunities
5.2.2.Market size and forecast, by region
5.2.3.Market analysis, by country

5.3.Load Carrier

5.3.1.Key market trends, growth factors, and opportunities
5.3.2.Market size and forecast, by region
5.3.3.Market analysis, by country

CHAPTER 6:THREE-WHEELER MARKET, BY REGION

6.1.Overview
6.2.North America

6.2.1.Market size and forecast, by fuel type
6.2.2.Market size and forecast, by vehicle type
6.2.3.Market size and forecast, by country

6.2.3.1.U.S.

6.2.3.1.2.Market size and forecast, by fuel type
6.2.3.1.3.Market size and forecast, by vehicle type

6.2.3.2.Canada

6.2.3.2.2.Market size and forecast, by fuel type
6.2.3.2.3.Market size and forecast, by vehicle type

6.2.3.3.Mexico

6.2.3.3.2.Market size and forecast, by fuel type
6.2.3.3.3.Market size and forecast, by vehicle type

6.3.Europe

6.3.1.Market size and forecast, by fuel type
6.3.2.Market size and forecast, by vehicle type
6.3.3.Market size and forecast, by country

6.3.3.1.UK

6.3.3.1.2.Market size and forecast, by fuel type
6.3.3.1.3.Market size and forecast, by vehicle type

6.3.3.2.Germany

6.3.3.2.2.Market size and forecast, by fuel type
6.3.3.2.3.Market size and forecast, by vehicle type

6.3.3.3.France

6.3.3.3.2.Market size and forecast, by fuel type
6.3.3.3.3.Market size and forecast, by vehicle type

6.3.3.4.Italy

6.3.3.4.2.Market size and forecast, by fuel type
6.3.3.4.3.Market size and forecast, by vehicle type

6.3.3.5.Rest of Europe

6.3.3.5.2.Market size and forecast, by fuel type
6.3.3.5.3.Market size and forecast, by vehicle type

6.4.Asia-Pacific

6.4.1.Market size and forecast, by fuel type
6.4.2.Market size and forecast, by vehicle type
6.4.3.Market size and forecast, by country

6.4.3.1.China

6.4.3.1.2.Market size and forecast, by fuel type
6.4.3.1.3.Market size and forecast, by vehicle type

6.4.3.2.Japan

6.4.3.2.2.Market size and forecast, by fuel type
6.4.3.2.3.Market size and forecast, by vehicle type

6.4.3.3.India

6.4.3.3.2.Market size and forecast, by fuel type
6.4.3.3.3.Market size and forecast, by vehicle type

6.4.3.4.South Korea

6.4.3.4.2.Market size and forecast, by fuel type
6.4.3.4.3.Market size and forecast, by vehicle type

6.4.3.5.Rest of Asia-Pacific

6.4.3.5.2.Market size and forecast, by fuel type
6.4.3.5.3.Market size and forecast, by vehicle type

6.5.LAMEA

6.5.1.Market size and forecast, by fuel type
6.5.2.Market size and forecast, by vehicle type
6.5.3.Market size and forecast, by country

6.5.3.1.Latin America

6.5.3.1.2.Market size and forecast, by fuel type
6.5.3.1.3.Market size and forecast, by vehicle type

6.5.3.2.Middle East

6.5.3.2.2.Market size and forecast, by fuel type
6.5.3.2.3.Market size and forecast, by vehicle type

6.5.3.3.Africa

6.5.3.3.2.Market size and forecast, by fuel type
6.5.3.3.3.Market size and forecast, by vehicle type

CHAPTER 7:COMPANY PROFILES

7.1.ATUL AUTO LIMITED.

7.1.1.Company overview
7.1.2.Key executives
7.1.3.Company snapshot
7.1.4.Product portfolio
7.1.5.Business performance
7.1.6.Key strategic moves and developments

7.2.BAJAJ AUTO LTD

7.2.1.Company overview
7.2.2.Key executives
7.2.3.Company snapshot
7.2.4.Operating business segments
7.2.5.Product portfolio
7.2.6.R&D expenditure
7.2.7.Business performance
7.2.8.Key strategic moves and developments

7.3.CHONGQING ZONGSHEN TRICYCLE MANUFACTURE CO.LTD

7.3.1.Company overview
7.3.2.Key executives
7.3.3.Company snapshot
7.3.4.Product portfolio

7.4.J.S. AUTO PVT LTD.

7.4.1.Company overview
7.4.2.Key executives
7.4.3.Company snapshot
7.4.4.Product portfolio

7.5.KINETIC GREEN ENERGY & POWER SOLUTIONS LTD.

7.5.1.Company overview
7.5.2.Key executives
7.5.3.Company snapshot
7.5.4.Product portfolio
7.5.5.Key strategic moves and developments

7.6.MAHINDRA & MAHINDRA LTD.

7.6.1.Company overview
7.6.2.Key executives
7.6.3.Company snapshot
7.6.4.Operating business segments
7.6.5.Product portfolio
7.6.6.R&D expenditure
7.6.7.Business performance
7.6.8.Key strategic moves and developments

7.7.Piaggio & C.SpA

7.7.1.Company overview
7.7.2.Key executives
7.7.3.Company snapshot
7.7.4.Operating business segments
7.7.5.Product portfolio
7.7.6.R&D expenditure
7.7.7.Business performance
7.7.8.Key strategic moves and developments

7.8.SCOOTERS INDIA LIMITED

7.8.1.Company overview
7.8.2.Key executives
7.8.3.Company snapshot
7.8.4.Product portfolio
7.8.5.R&D expenditure
7.8.6.Business performance

7.9.TERRA MOTORS CORPORATION

7.9.1.Company overview
7.9.2.Key executives
7.9.3.Company snapshot
7.9.4.Product portfolio

7.10.TVS MOTOR COMPANY

7.10.1.Company overview
7.10.2.Key executives
7.10.3.Company snapshot
7.10.4.Operating business segments
7.10.5.Product portfolio
7.10.6.R&D expenditure
7.10.7.Business performance

LIST OF TABLES

TABLE 01.MACRO-ECONOMIC INDICATORS PROJECTIONS (1/2):
TABLE 02.MACRO-ECONOMIC INDICATORS PROJECTIONS (2/2):
TABLE 03.THREE-WHEELER MARKET, BY FUEL TYPE, 2021-2028 ($MILLION)
TABLE 04.THREE-WHEELER MARKET FOR PETROL/ CNG, BY REGION 2021-2028 ($MILLION)
TABLE 05.THREE-WHEELER MARKET FOR DIESEL, BY REGION 2021-2028 ($MILLION)
TABLE 06.THREE-WHEELER MARKET FOR ELECTRIC, BY REGION 2021-2028 ($MILLION)
TABLE 07.THREE-WHEELER MARKET, BY VEHICLE TYPE, 2021-2028 ($MILLION)
TABLE 08.THREE-WHEELER MARKET FOR PASSENGER CARRIER, BY REGION 2021-2028 ($MILLION)
TABLE 09.THREE-WHEELER MARKET FOR LOAD CARRIER, BY REGION 2021-2028 ($MILLION)
TABLE 10.THREE-WHEELER MARKET, BY REGION 2021–2028 ($MILLION)
TABLE 11.NORTH AMERICA THREE-WHEELER MARKET, BY FUEL TYPE, 2021–2028 ($MILLION)
TABLE 12.NORTH AMERICA THREE-WHEELER MARKET, BY VEHICLE TYPE, 2021–2028 ($MILLION)
TABLE 13.U.S. THREE-WHEELER MARKET, BY FUEL TYPE, 2021–2028 ($MILLION)
TABLE 14.U.S. THREE-WHEELER MARKET, BY VEHICLE TYPE, 2021–2028 ($MILLION)
TABLE 15.CANADA THREE-WHEELER MARKET, BY FUEL TYPE, 2021–2028 ($MILLION)
TABLE 16.CANADA THREE-WHEELER MARKET, BY VEHICLE TYPE, 2021–2028 ($MILLION)
TABLE 17.MEXICO THREE-WHEELER MARKET, BY FUEL TYPE, 2021–2028 ($MILLION)
TABLE 18.MEXICO THREE-WHEELER MARKET, BY VEHICLE TYPE, 2021–2028 ($MILLION)
TABLE 19.EUROPE THREE-WHEELER MARKET, BY FUEL TYPE, 2021–2028 ($MILLION)
TABLE 20.EUROPE THREE-WHEELER MARKET, BY VEHICLE TYPE, 2021–2028 ($MILLION)
TABLE 21.UK THREE-WHEELER MARKET, BY FUEL TYPE, 2021–2028 ($MILLION)
TABLE 22.UK THREE-WHEELER MARKET, BY VEHICLE TYPE, 2021–2028 ($MILLION)
TABLE 23.GERMANY THREE-WHEELER MARKET, BY FUEL TYPE, 2021–2028 ($MILLION)
TABLE 24.GERMANY THREE-WHEELER MARKET, BY VEHICLE TYPE, 2021–2028 ($MILLION)
TABLE 25.FRANCE THREE-WHEELER MARKET, BY FUEL TYPE, 2021–2028 ($MILLION)
TABLE 26.FRANCE THREE-WHEELER MARKET, BY VEHICLE TYPE, 2021–2028 ($MILLION)
TABLE 27.ITALY THREE-WHEELER MARKET, BY FUEL TYPE, 2021–2028 ($MILLION)
TABLE 28.ITALY THREE-WHEELER MARKET, BY VEHICLE TYPE, 2021–2028 ($MILLION)
TABLE 29.REST OF EUROPE THREE-WHEELER MARKET, BY FUEL TYPE, 2021–2028 ($MILLION)
TABLE 30.REST OF EUROPE THREE-WHEELER MARKET, BY VEHICLE TYPE, 2021–2028 ($MILLION)
TABLE 31.ASIA-PACIFIC THREE-WHEELER MARKET, BY FUEL TYPE, 2021–2028 ($MILLION)
TABLE 32.ASIA-PACIFIC THREE-WHEELER MARKET, BY VEHICLE TYPE, 2021–2028 ($MILLION)
TABLE 33.CHINA THREE-WHEELER MARKET, BY FUEL TYPE, 2021–2028 ($MILLION)
TABLE 34.CHINA THREE-WHEELER MARKET, BY VEHICLE TYPE, 2021–2028 ($MILLION)
TABLE 35.JAPAN THREE-WHEELER MARKET, BY FUEL TYPE, 2021–2028 ($MILLION)
TABLE 36.JAPAN THREE-WHEELER MARKET, BY VEHICLE TYPE, 2021–2028 ($MILLION)
TABLE 37.INDIA THREE-WHEELER MARKET, BY FUEL TYPE, 2021–2028 ($MILLION)
TABLE 38.INDIA THREE-WHEELER MARKET, BY VEHICLE TYPE, 2021–2028 ($MILLION)
TABLE 39.SOUTH KOREA THREE-WHEELER MARKET, BY FUEL TYPE, 2021–2028 ($MILLION)
TABLE 40.SOUTH KOREA THREE-WHEELER MARKET, BY VEHICLE TYPE, 2021–2028 ($MILLION)
TABLE 41.REST OF ASIA-PACIFIC THREE-WHEELER MARKET, BY FUEL TYPE, 2021–2028 ($MILLION)
TABLE 42.REST OF ASIA-PACIFIC THREE-WHEELER MARKET, BY VEHICLE TYPE, 2021–2028 ($MILLION)
TABLE 43.LAMEA THREE-WHEELER MARKET, BY FUEL TYPE, 2021–2028 ($MILLION)
TABLE 44.LAMEA THREE-WHEELER MARKET, BY VEHICLE TYPE, 2021–2028 ($MILLION)
TABLE 45.LATIN AMERICA THREE-WHEELER MARKET, BY FUEL TYPE, 2021–2028 ($MILLION)
TABLE 46.LATIN AMERICA THREE-WHEELER MARKET, BY VEHICLE TYPE, 2021–2028 ($MILLION)
TABLE 47.MIDDLE EAST THREE-WHEELER MARKET, BY FUEL TYPE, 2021–2028 ($MILLION)
TABLE 48.MIDDLE EAST THREE-WHEELER MARKET, BY VEHICLE TYPE, 2021–2028 ($MILLION)
TABLE 49.AFRICA THREE-WHEELER MARKET, BY FUEL TYPE, 2021–2028 ($MILLION)
TABLE 50.AFRICA THREE-WHEELER MARKET, BY VEHICLE TYPE, 2021–2028 ($MILLION)
TABLE 51.ATUL AUTO LIMITED: KEY EXECUTIVES
TABLE 52.ATUL AUTO LIMITED: COMPANY SNAPSHOT
TABLE 53.ATUL AUTO LIMITED: PRODUCT PORTFOLIO
TABLE 54.ATUL AUTO LIMITED: NET SALES, 2018–2020 ($MILLION)
TABLE 55.BAJAJ AUTO LTD.: KEY EXECUTIVES
TABLE 56.BAJAJ AUTO LTD.: COMPANY SNAPSHOT
TABLE 57.BAJAJ AUTO LTD.: OPERATING SEGMENTS
TABLE 58.BAJAJ AUTO LTD.: PRODUCT PORTFOLIO
TABLE 59.BAJAJ AUTO LTD.: R&D EXPENDITURE, 2018–2020 ($MILLION)
TABLE 60.BAJAJ AUTO LTD.: NET SALES, 2018–2020 ($MILLION)
TABLE 61.CHONGQING ZONGSHEN TRICYCLE MOTORCYCLE CO. LTD: KEY EXECUTIVE
TABLE 62.CHONGQING ZONGSHEN TRICYCLE MOTORCYCLE CO. LTD: COMPANY SNAPSHOT
TABLE 63.CHONGQING ZONGSHEN TRICYCLE MOTORCYCLE CO. LTD: PRODUCT PORTFOLIO
TABLE 64.J.S. AUTO PVT. LTD.: KEY EXECUTIVE
TABLE 65.J.S. AUTO PVT. LTD.: COMPANY SNAPSHOT
TABLE 66.J.S. AUTO PVT. LTD.: PRODUCT PORTFOLIO
TABLE 67.KINETIC GREEN ENERGY & POWER SOLUTIONS LTD.: KEY EXECUTIVES
TABLE 68.KINETIC GREEN ENERGY & POWER SOLUTIONS LTD.: COMPANY SNAPSHOT
TABLE 69.KINETIC GREEN ENERGY & POWER SOLUTIONS LTD.: PRODUCT PORTFOLIO
TABLE 70.MAHINDRA & MAHINDRA LIMITED: KEY EXECUTIVES
TABLE 71.MAHINDRA & MAHINDRA LIMITED: COMPANY SNAPSHOT
TABLE 72.MAHINDRA & MAHINDRA LIMITED: OPERATING SEGMENTS
TABLE 73.MAHINDRA & MAHINDRA LIMITED: PRODUCT PORTFOLIO
TABLE 74.MAHINDRA & MAHINDRA LIMITED: R&D EXPENDITURE, 2018–2020 ($MILLION)
TABLE 75.MAHINDRA & MAHINDRA LIMITED: NET SALES, 2018–2020 ($MILLION)
TABLE 76.PIAGGIO & C.SPA: KEY EXECUTIVES
TABLE 77.PIAGGIO & C.SPA: COMPANY SNAPSHOT
TABLE 78.PIAGGIO & C.SPA: OPERATING SEGMENTS
TABLE 79.PIAGGIO & C.SPA: PRODUCT PORTFOLIO
TABLE 80.PIAGGIO & C.SPA: R&D EXPENDITURE, 2018–2020 ($MILLION)
TABLE 81.PIAGGIO & C.SPA: NET SALES, 2018–2020 ($MILLION)
TABLE 82.SCOOTERS INDIA LIMITED: KEY EXECUTIVES
TABLE 83.SCOOTERS INDIA LIMITED: COMPANY SNAPSHOT
TABLE 84.SCOOTERS INDIA LIMITED: PRODUCT PORTFOLIO
TABLE 85.SCOOTERS INDIA LIMITED: R&D EXPENDITURE, 2018–2020 ($MILLION)
TABLE 86.SCOOTERS INDIA LIMITED: NET SALES, 2018–2020 ($MILLION)
TABLE 87.TERRA MOTORS CORPORATION: KEY EXECUTIVES
TABLE 88.TERRA MOTORS CORPORATION: COMPANY SNAPSHOT
TABLE 89.TERRA MOTORS CORPORATION: PRODUCT PORTFOLIO
TABLE 90.TVS MOTOR COMPANY: KEY EXECUTIVES
TABLE 91.TVS MOTOR COMPANY: COMPANY SNAPSHOT
TABLE 92.TVS MOTOR COMPANY: OPERATING SEGMENTS
TABLE 93.TVS MOTOR COMPANY: PRODUCT PORTFOLIO
TABLE 94.TVS MOTOR COMPANY: R&D EXPENDITURE, 2018–2020 ($MILLION)
TABLE 95.TVS MOTOR COMPANY: NET SALES, 2018–2020 ($MILLION)

LIST OF FIGURES

FIGURE 01.KEY MARKET SEGMENTS
FIGURE 02.EXECUTIVE SUMMARY, BY SEGMENT
FIGURE 03.EXECUTIVE SUMMARY, BY COUNTRY
FIGURE 04.TOP IMPACTING FACTORS
FIGURE 05.TOP INVESTMENT POCKETS
FIGURE 06.TOP WINNING STRATEGIES, BY YEAR, 2017–2020*
FIGURE 07.TOP WINNING STRATEGIES, BY YEAR, 2017–2020*
FIGURE 08.TOP WINNING STRATEGIES, BY COMPANY, 2017–2020*
FIGURE 09.MODERATE-TO-HIGH BARGAINING POWER OF SUPPLIERS
FIGURE 10.MODERATE-TO-HIGH THREAT OF NEW ENTRANTS
FIGURE 12.MODERATE-TO-HIGH THREAT OF SUBSTITUTES
FIGURE 13.MODERATE-TO-HIGH INTENSITY OF RIVALRY
FIGURE 14.MODERATE-TO-HIGH BARGAINING POWER OF BUYERS
FIGURE 15.MARKET SHARE ANALYSIS (2019)
FIGURE 16.THREE-WHEELER MARKET SHARE, BY FUEL TYPE, 2021–2028 (%)
FIGURE 17.COMPARATIVE SHARE ANALYSIS OF THREE-WHEELER MARKET FOR PETROL/CNG, BY COUNTRY, 2019 & 2027 (%)
FIGURE 18.COMPARATIVE SHARE ANALYSIS OF THREE-WHEELER MARKET FOR DIESEL, BY COUNTRY, 2019 & 2027 (%)
FIGURE 19.COMPARATIVE SHARE ANALYSIS OF THREE-WHEELER MARKET FOR ELECTRIC, BY COUNTRY,  2019 & 2027 (%)
FIGURE 20.THREE-WHEELER MARKET SHARE, BY VEHICLE TYPE, 2021–2028 (%)
FIGURE 21.COMPARATIVE SHARE ANALYSIS OF THREE-WHEELER MARKET FOR PASSENGER CARRIER, BY COUNTRY,  2019 & 2027 (%)
FIGURE 22.COMPARATIVE SHARE ANALYSIS OF THREE-WHEELER MARKET FOR ELECTRIC, BY COUNTRY, 2019 & 2027 (%)
FIGURE 23.THREE-WHEELER MARKET, BY REGION, 2021-2028 (%)
FIGURE 24.COMPARATIVE SHARE ANALYSIS OF THREE-WHEELER MARKET, BY COUNTRY, 2021–2028 (%)
FIGURE 25.U.S. THREE-WHEELER MARKET, 2021–2028 ($MILLION)
FIGURE 26.CANADA THREE-WHEELER MARKET, 2021–2028 ($MILLION)
FIGURE 27.MEXICO THREE-WHEELER MARKET, 2021–2028 ($MILLION)
FIGURE 28.COMPARATIVE SHARE ANALYSIS OF THREE-WHEELER MARKET, BY COUNTRY, 2021–2028 (%)
FIGURE 29.UK THREE-WHEELER MARKET, 2021–2028 ($MILLION)
FIGURE 30.GERMANY THREE-WHEELER MARKET, 2021–2028 ($MILLION)
FIGURE 31.FRANCE THREE-WHEELER MARKET, 2021–2028 ($MILLION)
FIGURE 32.ITALY THREE-WHEELER MARKET, 2021–2028 ($MILLION)
FIGURE 33.REST OF EUROPE THREE-WHEELER MARKET, 2021–2028 ($MILLION)
FIGURE 34.COMPARATIVE SHARE ANALYSIS OF THREE-WHEELER MARKET, BY COUNTRY, 2021–2028 (%)
FIGURE 35.CHINA THREE-WHEELER MARKET, 2021–2028 ($MILLION)
FIGURE 36.JAPAN THREE-WHEELER MARKET, 2021–2028 ($MILLION)
FIGURE 37.INDIA THREE-WHEELER MARKET, 2021–2028 ($MILLION)
FIGURE 38.SOUTH KOREA THREE-WHEELER MARKET, 2021–2028 ($MILLION)
FIGURE 39.REST OF ASIA-PACIFIC THREE-WHEELER MARKET, 2021–2028 ($MILLION)
FIGURE 40.COMPARATIVE SHARE ANALYSIS OF THREE-WHEELER MARKET, BY COUNTRY, 2021–2028 (%)
FIGURE 41.LATIN-AMERICA THREE-WHEELER MARKET, 2021–2028 ($MILLION)
FIGURE 42.MIDDLE EAST THREE-WHEELER MARKET, 2021–2028 ($MILLION)
FIGURE 43.AFRICA THREE-WHEELER MARKET, 2021–2028 ($MILLION)
FIGURE 44.ATUL AUTO LIMITED: NET SALES, 2018–2020 ($MILLION)
FIGURE 45.BAJAJ AUTO LTD.: R&D EXPENDITURE, 2018–2020 ($MILLION)
FIGURE 46.BAJAJ AUTO LTD.: NET SALES, 2018–2020 ($MILLION)
FIGURE 47.BAJAJ AUTO LTD.: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 48.BAJAJ AUTO LTD.: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 49.MAHINDRA & MAHINDRA LIMITED: R&D EXPENDITURE, 2018–2020 ($MILLION)
FIGURE 50.MAHINDRA & MAHINDRA LIMITED: NET SALES, 2018–2020 ($MILLION)
FIGURE 51.MAHINDRA & MAHINDRA LIMITED: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 52.MAHINDRA & MAHINDRA LIMITED: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 53.PIAGGIO & C.SPA: R&D EXPENDITURE, 2018–2020 ($MILLION)
FIGURE 54.PIAGGIO & C.SPA: NET SALES, 2018–2020 ($MILLION)
FIGURE 55.PIAGGIO & C.SPA: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 56.PIAGGIO & C.SPA: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 57.SCOOTERS INDIA LIMITED: R&D EXPENDITURE, 2018–2020 ($MILLION)
FIGURE 58.SCOOTERS INDIA LIMITED: NET SALES, 2018–2020 ($MILLION)
FIGURE 59.TVS MOTOR COMPANY: R&D EXPENDITURE, 2018–2020 ($MILLION)
FIGURE 60.GENERAL ELECTRIC COMPANY: NET SALES, 2018–2020 ($MILLION)
FIGURE 61.TVS MOTOR COMPANY: REVENUE SHARE BY SEGMENT, 2020 (%)

 
 

The three-wheeler market is projected to witness high growth rate specially in developing regions, owing to growing need for affordable commercial vehicles with low maintenance cost. Companies in this industry are adopting various innovative techniques to provide end users with better fuel economy and low operating cost along with the lesser emissions.

Further, last mile connectivity and shared mobility are expected to drive the demand of three-wheeler. Many E-commerce players are very keen to adopt gasoline as well as electric three-wheeler in their fleet, owing to their excellent maneuverability, low maintenance, and operating cost. In addition, the current adoption rate of electric three-wheeler is foreseen to significantly bring down the upfront cost in coming years.

Furthermore, increase in penetration of electric vehicles will also help in reducing environmental impact. However, the high cost of battery, battery lifecycle, and lack of electric vehicle charging infrastructure are major factors that could hamper the growth of the electric three-wheelers in the global market.

Furthermore, surge in fuel prices in many countries such as India, which is the largest manufacturer and consumer of three-wheeler, may hinder the growth of petrol/CNG and diesel propelled three wheelers.

Among the analyzed regions, Asia-Pacific accounted for the major chunk of the revenue pie for the highest revenue in the global market. However, LAMEA is expected to grow at a higher rate, foreseeing lucrative opportunities for the key players operating in the three-wheeler market.
 

 
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FREQUENTLY ASKED QUESTIONS?
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A. The global three-wheeler market was valued at $8.42 billion in 2020, and is projected to reach $15.54 billion by 2028, registering a CAGR of 10.3% from 2021 to 2028

A. The COVID-19 outbreak severely impacted the automotive sector on a global level, which in turn give rise to considerable drop in automotive sales, insufficiency of raw material, and others. Many small and big players in the automotive sector are witnessing issues such as halt of production activities, mandated plant closures by the government, and others. However, as soon as the production rsummes, three-wheeler market is foreseen to gain traction again

A. The sample for global three-wheeler market report can be obtained on demand from the AMR website. Also, the 24*7 chat support and direct call services are provided to procure the sample report.

A. There are certain upcoming trands three-wheeler market such as Increasing demand for affordable commercial vehicle across the globe and growing adoption of electric three wheelers

A. The key growth strategies adopted by the three-wheeler industry players includes product launch, business expansion, collaboration. These strategies opted by various industry players is leading to the growth of the three-wheeler market as well as the players.

A. The company profiles of the top market players of three-wheeler market can be obtained from the company profile section mentioned in the report. This section includes analysis of top ten player’s operating in the three-wheeler market.

A. Asia-Pacific region is leading the market presently in terms of revenue. However, LAMEA region and Mexico is expected to provide more business opportunities for the key players operating in the global three-wheeler market.

A. By fuel type, electric segment is expected to gain traction over the forecast period. However, at present diesel segment is the major constributor in the global three-wheeler market

A. China, Canada, Japan and India has wirnessed as a key matured markets growing in the global three-wheeler market

A. Inclination toward use of electric three-wheeler, Growing trend of last mile connectivity, Increasing demand for affordable commercial vehicle and Greater availability of credit and financing options have strong impact on the global three-wheeler market

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