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​Global Electric Three-Wheeler Market Will Reach At CAGR Of 17.31% Between 2017-2021

Press Release   •   Aug 21, 2017 07:02 EDT

About Electric Three-Wheeler Market

Three wheelers (3Ws) or three-wheel vehicles, as the name implies, contain one wheel at the front and two wheels at the rear end. The 3Ws are generally used for goods and public transport for short/medium distances in the regions where logistics operations, public transport facilities, and disposable income are less. The global 3Ws market is adopted in developing and underdeveloped nations like India, China, other Asian countries, and some Latin American and African countries. The increase in demand for 3Ws in these countries is due to the cost-effective transportation that a 3W offers in areas where other means of transportation are inadequate, or cannot penetrate or be afforded.

Technavios analysts forecast the global electric three-wheeler market to grow at a CAGR of 17.31% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global electric three-wheeler market for 2017-2021. To calculate the market size, the report considers new registration volume and exclude market estimate by value and aftermarket volume.

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



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Technavio's report, Global Electric Three-Wheeler 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


Romai Electric Vehicles

Scooters India

Xianghe Qiangsheng Electric Tricycle Factory

Other prominent vendors

Ampere Vehicles

Bajaj Auto

Kinetic Green

Terra Motors

Tuk Tuk Factory

Market driver

Subsidies and tax incentives on electric 3Ws to reduce dependency on petroleum products

For a full, detailed list, view our report

Market challenge

Concerns about range and performance

For a full, detailed list, view our report

Market trend

Expansion by local manufacturers to foreign countries

For a full, detailed list, view our report

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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?

You can request one free hour of our analysts time when you purchase this market report. Details are provided within the report.

Table of Contents

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research Methodology

PART 04: Introduction

Market outline

PART 05: Market landscape

Market overview

Market size and forecast

Five forces analysis

PART 06: Market segmentation by end user

Global electric three-wheeler market segmentation by end user

Global electric 3W goods carrier market

Global electric 3W passenger carrier market

PART 07: Geographical segmentation

Market overview

Electric 3W market in APAC

Electric 3W market in ROW

PART 08: Decision framework

PART 09: Drivers and challenges

Market drivers

Market challenges

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PART 10: Market trends

PART 11: Vendor landscape

Competitive benchmarking

Other prominent vendors

PART 12: Key vendor analysis

Atul Auto


Romai Electric Vehicles

Scooters India

Xianghe Qiangsheng Electric Tricycle Factory

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