Asia Pacific Electric Three-Wheeler Market by Motor Power (Below 1000 W, 1000–1500 W, 1500 W), Battery Capacity (Below 3 kWh, 3-6 kWh, 6 kWh), End-Use (Passenger Carrier, Load Carrier), Range, Battery Type, Payload Capacity & Country - Global Forecast to 2028
The Asia Pacific electric three-wheeler market is projected to grow from USD 813 Million in 2023 to USD 892 Million by 2028, registering a CAGR of 1.9%. In Asia Pacific, the demand for electric 3-wheelers has been increasing due to various factors such as government policies and incentives promoting the adoption of electric vehicles, rising fuel prices, growing concerns about air pollution and climate change, rapid urbanization leading to congestion and pollution in cities, and a booming e-commerce industry resulting in increased demand for last-mile delivery services.
'By range, up to 50 Miles to remain the largest segment by volume during the forecast period'
Most electric three-wheeler manufacturers provide electric three-wheelers with a range of up to 50 miles. Electric three-wheelers are considered an alternative to conventional vehicles for daily city commuting within the range of 10¬–12 km. Low-performance but affordable electric three-wheelers usually have a range of up to 50 miles. OEMs, such as Piaggio Group, Saera Electric Auto Pvt. Ltd., and Kinetic Green Vehicles, offer vehicles with a range of up to 50 miles. Mahindra Electric's e-Alfa Mini model has a range of 30-35 km on a single charge and is suited for both cargo and passenger transportation in urban environments, whereas Piaggio's Ape E-City is a three-wheeler having a range of up to 70 km on a single charge, and is designed for urban and suburban use, with a payload capacity of up to 310 kg.
'By end-use, load carriers to be the fastest growing segment during the forecast period'
The demand for electric three-wheeler load carriers has been increasing in the Asia Pacific region due to the increased focus on emission reduction. Various retail, logistics, and courier companies have already started adopting electric three-wheelers. The adoption rate of electric three-wheeler load carriers is expected to grow significantly with the development of more vehicles and technological advancements. Some of the electric three-wheeler load carrier models available in the market include Treo Zor, Atul Elite Cargo, Piaggio Ape Electrik, Electric Tricycle (DLS III 150), and Electric Logistic Cart.
“Thailand to be the fastest growing market with its government planning to adopt EVs in coming decade”
Thailand is home to a large market of 3 wheelers, or tuk-tuks. The country has a large number of polluting 3 wheelers, which it plans to shift to EVs. This will be done as part of the country’s plans for an overall EV shift by 2035, with emphasis on 2-wheelers, 3-wheelers and passenger cars. OEM partnership and start of ride hailing services using electric three-wheelers will further boost the demand for these vehicles in Thailand. Start-ups such as Moving and Global Companies such as Grab have also entered this ride hailing space using electric three wheelers. The country has also recently committed to an investment of USD 4.1 Billion to support its EV plans.
In-depth interviews were conducted with CEOs, marketing directors, other innovation and technology directors, and executives from various key organizations operating in this market.
Research Coverage:
The report covers the Asia Pacific electric three-wheeler ecosystem based on motor power, battery capacity, end-use, range, battery type, and country. It covers the competitive landscape and company profiles of the major players in the Asia Pacific electric three-wheeler ecosystem. The study also includes an in-depth competitive analysis of the key market players, their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.
Key Benefits of Buying the Report:
'By range, up to 50 Miles to remain the largest segment by volume during the forecast period'
Most electric three-wheeler manufacturers provide electric three-wheelers with a range of up to 50 miles. Electric three-wheelers are considered an alternative to conventional vehicles for daily city commuting within the range of 10¬–12 km. Low-performance but affordable electric three-wheelers usually have a range of up to 50 miles. OEMs, such as Piaggio Group, Saera Electric Auto Pvt. Ltd., and Kinetic Green Vehicles, offer vehicles with a range of up to 50 miles. Mahindra Electric's e-Alfa Mini model has a range of 30-35 km on a single charge and is suited for both cargo and passenger transportation in urban environments, whereas Piaggio's Ape E-City is a three-wheeler having a range of up to 70 km on a single charge, and is designed for urban and suburban use, with a payload capacity of up to 310 kg.
'By end-use, load carriers to be the fastest growing segment during the forecast period'
The demand for electric three-wheeler load carriers has been increasing in the Asia Pacific region due to the increased focus on emission reduction. Various retail, logistics, and courier companies have already started adopting electric three-wheelers. The adoption rate of electric three-wheeler load carriers is expected to grow significantly with the development of more vehicles and technological advancements. Some of the electric three-wheeler load carrier models available in the market include Treo Zor, Atul Elite Cargo, Piaggio Ape Electrik, Electric Tricycle (DLS III 150), and Electric Logistic Cart.
“Thailand to be the fastest growing market with its government planning to adopt EVs in coming decade”
Thailand is home to a large market of 3 wheelers, or tuk-tuks. The country has a large number of polluting 3 wheelers, which it plans to shift to EVs. This will be done as part of the country’s plans for an overall EV shift by 2035, with emphasis on 2-wheelers, 3-wheelers and passenger cars. OEM partnership and start of ride hailing services using electric three-wheelers will further boost the demand for these vehicles in Thailand. Start-ups such as Moving and Global Companies such as Grab have also entered this ride hailing space using electric three wheelers. The country has also recently committed to an investment of USD 4.1 Billion to support its EV plans.
In-depth interviews were conducted with CEOs, marketing directors, other innovation and technology directors, and executives from various key organizations operating in this market.
- By Respondent Type: Tier I – 67%, Tier II and Tier III – 9%, and OEMs – 24%
- By Designation: CXOs – 33%, Managers – 52%, Executives – 15%
- By Country: India – 50%, Sri Lanka – 6%, Nepal – 14%, Bangladesh – 20%, Others – 10%
Research Coverage:
The report covers the Asia Pacific electric three-wheeler ecosystem based on motor power, battery capacity, end-use, range, battery type, and country. It covers the competitive landscape and company profiles of the major players in the Asia Pacific electric three-wheeler ecosystem. The study also includes an in-depth competitive analysis of the key market players, their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.
Key Benefits of Buying the Report:
- This report will help market leaders/new entrants in this market with information on the closest approximations of revenue numbers for the overall Asia Pacific electric three-wheeler ecosystem and its subsegments.
- This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies.
- This report will also help stakeholders understand the market's pulse and provide information on key market drivers, restraints, challenges, and opportunities.
1 INTRODUCTION
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
TABLE 1 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY END-USE
TABLE 2 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY BATTERY TYPE
TABLE 3 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY MOTOR POWER
TABLE 4 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY BATTERY CAPACITY
TABLE 5 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY RANGE
TABLE 6 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY PAYLOAD CAPACITY
1.2.1 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET: INCLUSIONS AND EXCLUSIONS
FIGURE 1 ELECTRIC THREE-WHEELER MODEL INCLUSIONS AND EXCLUSIONS
1.3 MARKET SCOPE
1.3.1 MARKET SEGMENTATION
1.3.2 COUNTRIES COVERED
1.3.3 YEARS CONSIDERED
1.4 CURRENCY CONSIDERED
TABLE 7 CURRENCY EXCHANGE RATES
1.5 STAKEHOLDERS
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
FIGURE 2 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET: RESEARCH DESIGN
FIGURE 3 RESEARCH DESIGN MODEL
2.1.1 SECONDARY DATA
2.1.1.1 Key secondary sources
2.1.1.2 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Primary interviews – demand and supply sides
2.1.2.2 Key industry insights and breakdown of primary interviews
FIGURE 4 KEY INDUSTRY INSIGHTS
FIGURE 5 BREAKDOWN OF PRIMARY INTERVIEWS
2.1.2.3 List of primary participants
2.2 MARKET SIZE ESTIMATION
FIGURE 6 RESEARCH METHODOLOGY: HYPOTHESIS BUILDING
2.2.1 BOTTOM-UP APPROACH
FIGURE 7 BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
FIGURE 8 TOP-DOWN APPROACH
FIGURE 9 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET: RESEARCH DESIGN & METHODOLOGY
2.3 RECESSION IMPACT ANALYSIS
2.4 DATA TRIANGULATION
FIGURE 10 MARKET BREAKDOWN AND DATA TRIANGULATION
FIGURE 11 MARKET GROWTH PROJECTIONS FROM DEMAND-SIDE DRIVERS AND OPPORTUNITIES
2.5 FACTOR ANALYSIS
2.6 RESEARCH ASSUMPTIONS
2.7 RESEARCH LIMITATIONS
3 EXECUTIVE SUMMARY
FIGURE 12 FACTORS DRIVING ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET
FIGURE 13 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET: MARKET DYNAMICS
FIGURE 14 INDIA TO DOMINATE ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET DURING 2023–2028
FIGURE 15 PASSENGER CARRIER END-USE SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET
FIGURE 16 LOW OPERATING AND MAINTENANCE COSTS TO DRIVE ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET
4.2 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY MOTOR POWER
FIGURE 17 1,000-1,500 W MOTOR POWER SEGMENT TO LEAD MARKET FROM 2023 TO 2028
4.3 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY BATTERY TYPE
FIGURE 18 LITHIUM-ION BATTERY TYPE TO REGISTER HIGHEST CAGR FROM 2023 TO 2028
4.4 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY RANGE
FIGURE 19 UP TO 50 MILES RANGE SEGMENT TO HOLD LARGER MARKET SHARE FROM 2023 TO 2028
4.5 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY BATTERY CAPACITY
FIGURE 20 3-6 KWH TO BE LARGEST BATTERY CAPACITY SEGMENT FROM 2023 TO 2028
4.6 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY END-USE
FIGURE 21 PASSENGER CARRIER END-USE SEGMENT TO LEAD MARKET FROM 2023 TO 2028
4.7 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY PAYLOAD CAPACITY
FIGURE 22 300-500 KG PAYLOAD CAPACITY SEGMENT TO LEAD MARKET FROM 2023 TO 2028
4.8 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY COUNTRY
FIGURE 23 INDIA WAS LARGEST ELECTRIC THREE-WHEELER MARKET IN ASIA PACIFIC IN 2022
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 24 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET
5.2.1 DRIVERS
FIGURE 25 KEY DRIVERS OF ASIA PACIFIC ELECTRIC THREE-WHEELERS MARKET
5.2.1.1 Low operating and maintenance costs
FIGURE 26 ELECTRICITY TARIFF FOR PERSONAL USE CASES AT DIFFERENT LEVELS OF ENERGY CONSUMPTION
TABLE 8 AVERAGE ENERGY CONSUMPTION OF THREE-WHEELERS
5.2.1.2 Government incentives and subsidies
TABLE 9 INDIA: GOVERNMENT INCENTIVES, BY MODEL, 2022
TABLE 10 INDIA: GOVERNMENT INCENTIVES, BY STATE
5.2.1.3 Advancements in battery technology, coupled with reducing prices
FIGURE 27 ELECTRIC VEHICLE BATTERY PRICING ANALYSIS
FIGURE 28 INDIA: BATTERY PRICES, BY BATTERY CAPACITY (KWH)
5.2.1.4 Established market for three-wheelers for urban transportation
5.2.2 RESTRAINTS
FIGURE 29 KEY RESTRAINTS FOR ASIA PACIFIC ELECTRIC THREE-WHEELERS MARKET
5.2.2.1 Low number of charging stations
FIGURE 30 NUMBER OF CHARGING POINTS ACROSS ASIA PACIFIC
TABLE 11 INDIA: SPECIFICATIONS OF CHARGING INFRASTRUCTURE
5.2.2.2 Limited power output, vehicle range, and speed
TABLE 12 ELECTRIC THREE-WHEELER RANGE
5.2.3 OPPORTUNITIES
FIGURE 31 KEY OPPORTUNITIES FOR ASIA PACIFIC ELECTRIC THREE-WHEELERS MARKET
5.2.3.1 Automobile manufacturer- and customer-oriented policies to promote sales
5.2.3.2 Stringent emission norms and environmental regulations
TABLE 13 KEY COUNTRIES: EMISSION REGULATION SPECIFICATIONS OVERVIEW, BY FUEL TYPE, 2016–2021
5.2.3.3 New revenue pockets in Asia Pacific
5.2.4 CHALLENGES
FIGURE 32 KEY CHALLENGES FOR ASIA PACIFIC ELECTRIC THREE-WHEELERS MARKET
5.2.4.1 Limited battery capacity
TABLE 14 BATTERY CAPACITIES OF POPULAR ELECTRIC THREE-WHEELER MODELS
5.2.4.2 High initial investments
FIGURE 33 AVERAGE TOTAL COST OF CONVENTIONAL VS. ELECTRIC THREE-WHEELERS (2022)
FIGURE 34 AVERAGE TOTAL COST OF ELECTRIC THREE-WHEELER COMPONENTS (2022)
5.2.4.3 Lack of compatibility, interchangeability, and standardization
TABLE 15 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET: IMPACT OF MARKET DYNAMICS
5.3 PORTER’S FIVE FORCES ANALYSIS
FIGURE 35 PORTER’S FIVE FORCES ANALYSIS OF ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET
TABLE 16 IMPACT OF PORTER’S FIVE FORCES ON ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET
5.3.1 INTENSITY OF COMPETITIVE RIVALRY
5.3.2 THREAT OF NEW ENTRANTS
5.3.3 THREAT OF SUBSTITUTES
5.3.4 BARGAINING POWER OF SUPPLIERS
5.3.5 BARGAINING POWER OF BUYERS
5.4 VALUE CHAIN ANALYSIS
FIGURE 36 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET: VALUE CHAIN ANALYSIS
5.5 MACROECONOMIC INDICATORS
5.5.1 GDP TRENDS AND FORECASTS FOR MAJOR ASIA PACIFIC ECONOMIES
TABLE 17 GDP TRENDS AND FORECAST BY MAJOR ASIA PACIFIC ECONOMIES, 2018–2026 (USD BILLION)
5.6 PRICING ANALYSIS
5.6.1 OEM-WISE PRICING ANALYSIS
TABLE 18 OEM ELECTRIC THREE-WHEELER PRICING ANALYSIS (USD) (2023)
FIGURE 37 VOLUME WEIGHTED AVERAGE LITHIUM-ION BATTERY PACK AND CELL PRICE SPILT, 2013-2022
5.7 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET ECOSYSTEM
FIGURE 38 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET: ECOSYSTEM ANALYSIS
5.7.1 OEMS
5.7.2 RAW MATERIAL SUPPLIERS
5.7.3 BATTERY MANUFACTURERS
5.7.4 CHARGING INFRASTRUCTURE PROVIDERS
TABLE 19 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET: ROLE OF COMPANIES IN ECOSYSTEM
5.8 KEY STAKEHOLDERS AND BUYING CRITERIA
5.8.1 PASSENGER CARRIER
5.8.2 LOAD CARRIER
5.8.3 KEY STAKEHOLDERS IN BUYING PROCESS
TABLE 20 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 2 END-USES (%)
5.8.4 BUYING CRITERIA
FIGURE 39 KEY BUYING CRITERIA FOR TOP 2 END-USES
5.9 TECHNOLOGY ANALYSIS
5.9.1 BATTERY SWAPPING IN ELECTRIC THREE-WHEELERS
5.9.2 IOT IN ELECTRIC THREE-WHEELERS
FIGURE 40 IOT-ENABLED SMART GRID
5.9.3 REGENERATIVE BRAKING SYSTEMS
FIGURE 41 REGENERATIVE BRAKING IN ELECTRIC THREE-WHEELERS
5.9.4 SOLID STATE BATTERY (SSB)
5.9.5 HYDROGEN FUEL CELL
FIGURE 42 COMPARISON OF HYDROGEN AND EV DRIVE
5.10 PATENT ANALYSIS
FIGURE 43 NUMBER OF PUBLISHED PATENTS (2012–2023)
TABLE 21 IMPORTANT PATENT REGISTRATIONS RELATED TO ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET
5.11 CASE STUDIES
5.11.1 CASE STUDY 1: ELECTRIC THREE-WHEELER LOGISTICS FLEET OPERATIONS WITH CAPTIVE PLUG-IN CHARGING
5.11.2 CASE STUDY 2: ELECTRIC THREE-WHEELER LOGISTICS FLEET OPERATIONS WITH BATTERY SWAPPING
5.12 REGULATORY OVERVIEW
5.12.1 INDIA
TABLE 22 INDIAN REGULATORY FRAMEWORK: DIFFERENCE BETWEEN THE ROLE OF ELECTRIC RICKSHAWS AND ELECTRIC AUTO RICKSHAWS
5.12.2 CHINA
5.12.3 THAILAND
5.12.4 VIETNAM
5.12.5 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 23 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.13 TRENDS AND DISRUPTIONS
FIGURE 44 BATTERY, CHARGING, AND CONNECTIVITY TECHNOLOGIES TO CATER GROWTH OF ELECTRIC THREE-WHEELERS
5.14 KEY CONFERENCES AND EVENTS, 2023
TABLE 24 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET: KEY CONFERENCES AND EVENTS
5.15 SCENARIO ANALYSIS (2023–2028)
5.15.1 MOST LIKELY SCENARIO
TABLE 25 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET: MOST LIKELY SCENARIO, BY COUNTRY, 2023–2028 (UNITS)
5.15.2 OPTIMISTIC SCENARIO
TABLE 26 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET: OPTIMISTIC SCENARIO, BY COUNTRY, 2023–2028 (UNITS)
5.15.3 PESSIMISTIC SCENARIO
TABLE 27 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET: PESSIMISTIC SCENARIO, BY COUNTRY, 2023–2028 (UNITS)
6 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY MOTOR POWER
6.1 INTRODUCTION
FIGURE 45 1,000–1,500 W SEGMENT TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD
TABLE 28 ASIA PACIFIC: ELECTRIC THREE-WHEELER MARKET, BY MOTOR POWER, 2019–2022 (UNITS)
TABLE 29 ASIA PACIFIC: ELECTRIC THREE-WHEELER MARKET, BY MOTOR POWER, 2023–2028 (UNITS)
6.1.1 OPERATIONAL DATA
TABLE 30 POPULAR ELECTRIC THREE-WHEELER MODELS, BY MOTOR POWER
FIGURE 46 ELECTRIC THREE-WHEELER POWERTRAIN ARCHITECTURE
TABLE 31 FACTORS DECIDING MOTOR POWER OF ELECTRIC THREE-WHEELERS
6.1.2 ASSUMPTIONS
TABLE 32 ASSUMPTIONS: BY MOTOR POWER
6.1.3 RESEARCH METHODOLOGY
6.2 BELOW 1,000 W
6.2.1 LOW COST OF OPERATIONS, NOISE POLLUTION, AND CARBON FOOTPRINT OF LOW-POWERED EVS TO DRIVE MARKET
TABLE 33 BELOW 1,000 W: ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY COUNTRY, 2019–2022 (UNITS)
TABLE 34 BELOW 1,000 W: ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY COUNTRY, 2023–2028 (UNITS)
6.3 1,000–1,500 W
6.3.1 TRANSITION TO ELECTRIC RICKSHAWS IN SOUTH ASIAN COUNTRIES TO PROPEL MARKET
TABLE 35 1,000–1,500 W: ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY COUNTRY, 2019–2022 (UNITS)
TABLE 36 1,000–1,500 W: ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY COUNTRY, 2023–2028 (UNITS)
6.4 ABOVE 1,500 W
6.4.1 GROWTH OF CONSUMER DELIVERY SERVICES TO INCREASE DEMAND
TABLE 37 ABOVE 1,500 W: ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY COUNTRY, 2019–2022 (UNITS)
TABLE 38 ABOVE 1,500 W: ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY COUNTRY, 2023–2028 (UNITS)
6.5 KEY PRIMARY INSIGHTS
7 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY BATTERY TYPE
7.1 INTRODUCTION
FIGURE 47 LITHIUM-ION BATTERY SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
TABLE 39 ASIA PACIFIC: ELECTRIC THREE-WHEELER MARKET, BY BATTERY TYPE, 2019–2022 (UNITS)
TABLE 40 ASIA PACIFIC: ELECTRIC THREE-WHEELER MARKET, BY BATTERY TYPE, 2023–2028 (UNITS)
7.1.1 OPERATIONAL DATA
TABLE 41 ELECTRIC THREE-WHEELER MODELS, BY BATTERY TYPE
TABLE 42 MARKET SHARE: TOP EV BATTERY MANUFACTURERS (2022)
7.1.2 ASSUMPTIONS
TABLE 43 ASSUMPTIONS: BY BATTERY TYPE
7.1.3 RESEARCH METHODOLOGY
7.2 LEAD-ACID BATTERY
7.2.1 AFFORDABLE COST TO PLAY VITAL ROLE IN MARKET GROWTH
7.3 LITHIUM-ION BATTERY
7.3.1 LONG BATTERY LIFE AND DURABILITY TO DRIVE MARKET
7.4 OTHER BATTERY TYPES
TABLE 44 NON-MAINSTREAM BATTERY TYPES AND THEIR PROVIDERS
7.5 KEY PRIMARY INSIGHTS
8 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY PAYLOAD CAPACITY
8.1 INTRODUCTION
FIGURE 48 300–500 KG PAYLOAD CAPACITY TO LEAD MARKET DURING FORECAST PERIOD
TABLE 45 ASIA PACIFIC: ELECTRIC THREE-WHEELER MARKET, BY PAYLOAD CAPACITY, 2019–2022 (UNITS)
TABLE 46 ASIA PACIFIC: ELECTRIC THREE-WHEELER MARKET, BY PAYLOAD CAPACITY, 2023–2028 (UNITS)
TABLE 47 INDIA: ELECTRIC THREE-WHEELER MARKET, BY PAYLOAD CAPACITY, 2019–2022 (UNITS)
TABLE 48 INDIA: ELECTRIC THREE-WHEELER MARKET, BY PAYLOAD CAPACITY, 2023–2028 (UNITS)
8.1.1 ASSUMPTIONS
TABLE 49 ASSUMPTIONS: BY PAYLOAD CAPACITY
8.1.2 RESEARCH METHODOLOGY
8.2 UP TO 300 KG
8.2.1 NOISE-FREE OPERATIONS AND AFFORDABILITY TO DRIVE DEMAND
TABLE 50 UP TO 300 KG LOAD CAPACITY MODELS
8.3 300–500 KG
8.3.1 WIDE USE IN LAST MILE DELIVERIES TO BOOST MARKET
TABLE 51 300-500 KG LOAD CAPACITY MODELS
8.4 ABOVE 500 KG
8.4.1 MODERATE DISTANCE LOGISTICS AND SPECIAL APPLICATIONS TO SPUR DEMAND
TABLE 52 ABOVE 500 KG PAYLOAD CAPACITY MODELS
8.5 KEY PRIMARY INSIGHTS
9 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY BATTERY CAPACITY
9.1 INTRODUCTION
TABLE 53 TYPES OF BATTERIES AND THEIR CHARACTERISTICS
FIGURE 49 3-6 KWH SEGMENT TO ACCOUNT FOR LARGEST MARKET SIZE
TABLE 54 ASIA PACIFIC: ELECTRIC THREE-WHEELER MARKET, BY BATTERY CAPACITY, 2019–2022 (UNITS)
TABLE 55 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY BATTERY CAPACITY, 2023–2028 (UNITS)
9.1.1 ASSUMPTIONS
9.1.2 RESEARCH METHODOLOGY
9.2 BELOW 3 KWH
9.2.1 DEMAND FOR AFFORDABLE TRANSPORTATION TO DRIVE MARKET
TABLE 56 BELOW 3 KWH: ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY MODEL
9.3 3–6 KWH
9.3.1 INCREASING DEMAND FOR INTRACITY TRAVEL TO PROPEL MARKET
TABLE 57 3-6 KWH: ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY MODEL
9.4 ABOVE 6 KWH
9.4.1 ELECTRIC THREE-WHEELERS WITH PERSISTENT BATTERY SYSTEMS TO BOOST MARKET
TABLE 58 ABOVE 6 KWH: ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY MODEL
9.5 KEY PRIMARY INSIGHTS
10 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY RANGE
10.1 INTRODUCTION
FIGURE 50 ABOVE 50 MILES SEGMENT TO REGISTER HIGHER CAGR DURING FORECAST PERIOD
TABLE 59 ASIA PACIFIC: ELECTRIC THREE-WHEELER MARKET, BY RANGE, 2019–2022 (UNITS)
TABLE 60 ASIA PACIFIC: ELECTRIC THREE-WHEELER MARKET, BY RANGE, 2023–2028 (UNITS)
10.1.1 OPERATIONAL DATA
TABLE 61 ASIA PACIFIC ELECTRIC THREE-WHEELER MODELS, BY RANGE
10.1.2 ASSUMPTIONS
TABLE 62 ASSUMPTIONS: BY RANGE
10.1.3 RESEARCH METHODOLOGY
10.2 UP TO 50 MILES
10.2.1 DEMAND FOR AFFORDABLE ELECTRIC THREE-WHEELERS TO DRIVE SEGMENT
TABLE 63 UP TO 50 MILES: ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY COUNTRY, 2019–2022 (UNITS)
TABLE 64 UP TO 50 MILES: ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY COUNTRY, 2023–2028 (UNITS)
10.3 ABOVE 50 MILES
10.3.1 INCREASING BATTERY ENERGY DENSITY TO DRIVE SEGMENT
TABLE 65 ABOVE 50 MILES: ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY COUNTRY, 2019–2022(UNITS)
TABLE 66 ABOVE 50 MILES: ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY COUNTRY, 2023–2028 (UNITS)
10.4 KEY PRIMARY INSIGHTS
11 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY END-USE
11.1 INTRODUCTION
FIGURE 51 LOAD CARRIER SEGMENT TO REGISTER HIGHER CAGR DURING FORECAST PERIOD
TABLE 67 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY END-USE, 2019–2022 (UNITS)
TABLE 68 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY END-USE, 2023–2028 (UNITS)
11.1.1 OPERATIONAL DATA
TABLE 69 TOP-SELLING ELECTRIC THREE-WHEELER MODELS, BY END-USE
11.1.2 ASSUMPTIONS
TABLE 70 ASSUMPTIONS: BY END-USE
11.1.3 RESEARCH METHODOLOGY
11.2 PASSENGER CARRIER
11.2.1 LOW TOTAL COST OF OWNERSHIP OF ELECTRIC THREE-WHEELERS COMPARED WITH ICE COUNTERPARTS TO DRIVE MARKET
TABLE 71 PASSENGER CARRIER: ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY COUNTRY, 2019–2022 (UNITS)
TABLE 72 PASSENGER CARRIER: ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY COUNTRY, 2023–2028 (UNITS)
11.3 LOAD CARRIER
11.3.1 USE OF ELECTRIC THREE-WHEELERS IN LOGISTICS AND LAST-MILE DELIVERIES TO BOOST MARKET
TABLE 73 LOAD CARRIER: ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY COUNTRY, 2019–2022 (UNITS)
TABLE 74 LOAD CARRIER: ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY COUNTRY, 2023–2028 (UNITS)
11.4 KEY PRIMARY INSIGHTS
12 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY COUNTRY
12.1 INTRODUCTION
FIGURE 52 INDIA WAS LARGEST MARKET IN 2022
FIGURE 53 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY COUNTRY
TABLE 75 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY COUNTRY, 2019–2022 (UNITS)
TABLE 76 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY COUNTRY, 2023–2028 (UNITS)
TABLE 77 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY END-USE, 2019–2022 (USD MILLION)
TABLE 78 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY END-USE, 2023–2028 (USD MILLION)
12.2 INDIA
12.2.1 INCREASING TREND OF LAST-MILE DELIVERY AND BATTERY SWAPPING TO BOOST MARKET
TABLE 79 INDIA: GOVERNMENT SUBSIDIES AND INCENTIVES FOR ELECTRIC THREE-WHEELERS, BY STATE
TABLE 80 COMPANIES ADOPTING ELECTRIC THREE-WHEELER LOAD CARRIERS IN INDIA
FIGURE 54 E-CARTS AND GOODS E-AUTO ACCOUNT FOR LOAD- CARRIER SEGMENT, TOGETHER HELD 9-10% OF INDIAN ELECTRIC THREE-WHEELER MARKET IN 2022
TABLE 81 DEVELOPMENTS REGARDING BATTERY SWAPPING STATIONS IN INDIA
TABLE 82 INDIA: ELECTRIC THREE-WHEELER MARKET, BY END-USE, 2019–2022 (UNITS)
TABLE 83 INDIA: ELECTRIC THREE-WHEELER MARKET, BY END-USE, 2023–2028 (UNITS)
TABLE 84 INDIA: ELECTRIC THREE-WHEELER MARKET, BY MOTOR POWER, 2019–2022 (UNITS)
TABLE 85 INDIA: ELECTRIC THREE-WHEELER MARKET, BY MOTOR POWER, 2023–2028 (UNITS)
TABLE 86 INDIA: ELECTRIC THREE-WHEELER MARKET, BY RANGE, 2019–2022 (UNITS)
TABLE 87 INDIA: ELECTRIC THREE-WHEELER MARKET, BY RANGE, 2023–2028 (UNITS)
TABLE 88 INDIA: ELECTRIC THREE-WHEELER MARKET, BY PAYLOAD CAPACITY, 2019–2022 (UNITS)
TABLE 89 INDIA: ELECTRIC THREE-WHEELER MARKET, BY PAYLOAD CAPACITY, 2023–2028 (UNITS)
12.3 JAPAN
12.3.1 STRINGENT EMISSION STANDARDS AND PLANS FOR BATTERY SWAPPING TO PROPEL DEMAND
TABLE 90 TARGET FOR ADOPTION OF EVS IN JAPAN
TABLE 91 JAPAN: ELECTRIC THREE-WHEELER MARKET, BY END-USE, 2019–2022 (UNITS)
TABLE 92 JAPAN: ELECTRIC THREE-WHEELER MARKET, BY END-USE, 2023–2028 (UNITS)
TABLE 93 JAPAN: ELECTRIC THREE-WHEELER MARKET, BY MOTOR POWER, 2019–2022 (UNITS)
TABLE 94 JAPAN: ELECTRIC THREE-WHEELER MARKET, BY MOTOR POWER, 2023–2028 (UNITS)
TABLE 95 JAPAN: ELECTRIC THREE-WHEELER MARKET, BY RANGE, 2019–2022 (UNITS)
TABLE 96 JAPAN: ELECTRIC THREE-WHEELER MARKET, BY RANGE, 2023–2028 (UNITS)
12.4 THAILAND
12.4.1 INCREASING DEMAND FOR E-TUK-TUK FOR LOCAL TRANSPORT TO BOOST DEMAND
TABLE 97 TARGET FOR ELECTRIC VEHICLE ADOPTION IN THAILAND
TABLE 98 THAILAND: ELECTRIC THREE-WHEELER MARKET, BY END-USE, 2019–2022 (UNITS)
TABLE 99 THAILAND: ELECTRIC THREE-WHEELER MARKET, BY END-USE, 2023–2028 (UNITS)
TABLE 100 THAILAND: ELECTRIC THREE-WHEELER MARKET, BY MOTOR POWER, 2019–2022 (UNITS)
TABLE 101 THAILAND: ELECTRIC THREE-WHEELER MARKET, BY MOTOR POWER, 2023–2028 (UNITS)
TABLE 102 THAILAND: ELECTRIC THREE-WHEELER MARKET, BY RANGE, 2019–2022 (UNITS)
TABLE 103 THAILAND: ELECTRIC THREE-WHEELER MARKET, BY RANGE, 2023–2028 (UNITS)
12.5 BANGLADESH
12.5.1 FAVORABLE GOVERNMENT POLICIES FOR ELECTRIC THREE-WHEELER IMPORTS TO DRIVE MARKET
FIGURE 55 BANGLADESH: ELECTRIC VEHICLE MARKET SCENARIO
TABLE 104 ELECTRIC THREE-WHEELER DEVELOPMENTS IN BANGLADESH
TABLE 105 BANGLADESH: ELECTRIC THREE-WHEELER MARKET, BY END-USE, 2019–2022 (UNITS)
TABLE 106 BANGLADESH: ELECTRIC THREE-WHEELER MARKET, BY END-USE, 2023–2028 (UNITS)
TABLE 107 BANGLADESH: ELECTRIC THREE-WHEELER MARKET, BY MOTOR POWER, 2019–2022 (UNITS)
TABLE 108 BANGLADESH: ELECTRIC THREE-WHEELER MARKET, BY MOTOR POWER, 2023–2028 (UNITS)
TABLE 109 BANGLADESH: ELECTRIC THREE-WHEELER MARKET, BY RANGE, 2019–2022 (UNITS)
TABLE 110 BANGLADESH: ELECTRIC THREE-WHEELER MARKET, BY RANGE, 2023–2028 (UNITS)
12.6 NEPAL
12.6.1 ELECTRIC THREE-WHEELER IMPORT POLICIES AND PLANS FOR DOMESTIC PRODUCTION TO INCREASE DEMAND
TABLE 111 POLICY FOR ADOPTION OF EVS IN NEPAL
TABLE 112 NEPAL: ELECTRIC THREE-WHEELER MARKET, BY END-USE, 2019–2022 (UNITS)
TABLE 113 NEPAL: ELECTRIC THREE-WHEELER MARKET, BY END-USE, 2023–2028 (UNITS)
TABLE 114 NEPAL: ELECTRIC THREE-WHEELER MARKET, BY MOTOR POWER, 2019–2022 (UNITS)
TABLE 115 NEPAL: ELECTRIC THREE-WHEELER MARKET, BY MOTOR POWER, 2023–2028 (UNITS)
TABLE 116 NEPAL: ELECTRIC THREE-WHEELER MARKET, BY RANGE, 2019–2022 (UNITS)
TABLE 117 NEPAL: ELECTRIC THREE-WHEELER MARKET, BY RANGE, 2023–2028 (UNITS)
12.7 SRI LANKA
12.7.1 RECOVERY FROM ECONOMIC CRISIS TO BOOST MARKET
TABLE 118 LITHIUM-ION BATTERY IMPORTERS IN SRI LANKA (2021)
TABLE 119 SRI LANKA: ELECTRIC THREE-WHEELER MARKET, BY END-USE, 2019–2022 (UNITS)
TABLE 120 SRI LANKA: ELECTRIC THREE-WHEELER MARKET, BY END-USE, 2023–2028 (UNITS)
TABLE 121 SRI LANKA: ELECTRIC THREE-WHEELER MARKET, BY MOTOR POWER, 2019–2022 (UNITS)
TABLE 122 SRI LANKA: ELECTRIC THREE-WHEELER MARKET, BY MOTOR POWER, 2023–2028 (UNITS)
TABLE 123 SRI LANKA: ELECTRIC THREE-WHEELER MARKET, BY RANGE, 2019–2022 (UNITS)
TABLE 124 SRI LANKA: ELECTRIC THREE-WHEELER MARKET, BY RANGE, 2023–2028 (UNITS)
12.8 INDONESIA
12.8.1 REDUCTION OF IMPORT DUTIES ON COMPONENTS TO DRIVE MARKET
TABLE 125 POLICY FOR ADOPTION OF EVS IN INDONESIA
FIGURE 56 EV MANUFACTURING HUB SETUP ROADMAP IN INDONESIA
TABLE 126 INDONESIA: ELECTRIC THREE-WHEELER MARKET, BY END-USE, 2019–2022 (UNITS)
TABLE 127 INDONESIA: ELECTRIC THREE-WHEELER MARKET, BY END-USE, 2023–2028 (UNITS)
TABLE 128 INDONESIA: ELECTRIC THREE-WHEELER MARKET, BY MOTOR POWER, 2019–2022 (UNITS)
TABLE 129 INDONESIA: ELECTRIC THREE-WHEELER MARKET, BY MOTOR POWER, 2023–2028 (UNITS)
TABLE 130 INDONESIA: ELECTRIC THREE-WHEELER MARKET, BY RANGE, 2019–2022 (UNITS)
TABLE 131 INDONESIA: ELECTRIC THREE-WHEELER MARKET, BY RANGE, 2023–2028 (UNITS)
12.9 PHILIPPINES
12.9.1 ADOPTION OF ELECTRIC THREE-WHEELERS IN PROMINENT BUSINESS DISTRICTS AND URBAN AREAS TO DRIVE MARKET
TABLE 132 TARGET FOR EVS IN PHILIPPINES
TABLE 133 PHILIPPINES: ELECTRIC THREE-WHEELER MARKET, BY END-USE, 2019–2022 (UNITS)
TABLE 134 PHILIPPINES: ELECTRIC THREE-WHEELER MARKET, BY END-USE, 2023–2028 (UNITS)
TABLE 135 PHILIPPINES: ELECTRIC THREE-WHEELER MARKET, BY MOTOR POWER, 2019–2022 (UNITS)
TABLE 136 PHILIPPINES: ELECTRIC THREE-WHEELER MARKET, BY MOTOR POWER, 2023–2028 (UNITS)
TABLE 137 PHILIPPINES: ELECTRIC THREE-WHEELER MARKET, BY RANGE, 2019–2022 (UNITS)
TABLE 138 PHILIPPINES: ELECTRIC THREE-WHEELER MARKET, BY RANGE, 2023–2028 (UNITS)
12.10 VIETNAM
12.10.1 FAVORABLE GOVERNMENT POLICIES FOR EVS TO IMPROVE AIR QUALITY TO DRIVE MARKET
TABLE 139 VIETNAM: ELECTRIC THREE-WHEELER MARKET, BY END-USE, 2019–2022 (UNITS)
TABLE 140 VIETNAM: ELECTRIC THREE-WHEELER MARKET, BY END-USE, 2023–2028 (UNITS)
TABLE 141 VIETNAM: ELECTRIC THREE-WHEELER MARKET, BY MOTOR POWER, 2019–2022 (UNITS)
TABLE 142 VIETNAM: ELECTRIC THREE-WHEELER MARKET, BY MOTOR POWER, 2023–2028 (UNITS)
TABLE 143 VIETNAM: ELECTRIC THREE-WHEELER MARKET, BY RANGE, 2019–2022 (UNITS)
TABLE 144 VIETNAM: ELECTRIC THREE-WHEELER MARKET, BY RANGE, 2023–2028 (UNITS)
12.11 CHINA
12.11.1 GOVERNMENT MANDATES FOR EV MANUFACTURERS TO DRIVE MARKET
TABLE 145 EV BATTERY MANUFACTURERS IN CHINA
12.12 SINGAPORE
12.12.1 GROWING CHARGING INFRASTRUCTURE TO DRIVE MARKET
TABLE 146 TARGET FOR EVS IN SINGAPORE
13 COMPETITIVE LANDSCAPE
13.1 OVERVIEW
13.2 MARKET SHARE ANALYSIS FOR ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET
TABLE 147 MARKET SHARE ANALYSIS, 2022
FIGURE 57 MARKET SHARE ANALYSIS, 2022
13.3 REVENUE ANALYSIS OF TOP MARKET PLAYERS
FIGURE 58 TOP PLAYERS DOMINATING ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET
13.4 COMPETITIVE SCENARIO
13.4.1 DEALS
TABLE 148 DEALS, 2020–2023
13.4.2 PRODUCT DEVELOPMENTS
TABLE 149 PRODUCT DEVELOPMENTS, 2020–2023
13.4.3 OTHER DEVELOPMENTS
TABLE 150 OTHER DEVELOPMENTS, 2020–2023
13.5 COMPETITIVE LEADERSHIP MAPPING FOR ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET
13.5.1 STARS
13.5.2 EMERGING LEADERS
13.5.3 PERVASIVE PLAYERS
13.5.4 EMERGING COMPANIES
FIGURE 59 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET: COMPETITIVE LEADERSHIP MAPPING OF KEY PLAYERS, 2022
13.6 COMPANY EVALUATION QUADRANT–PRODUCT FOOTPRINT
TABLE 151 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET: COMPANY FOOTPRINT, 2022
TABLE 152 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET: COMPANY APPLICATION FOOTPRINT, 2022
TABLE 153 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET: COUNTRY FOOTPRINT, 2022
13.7 COMPETITIVE EVALUATION QUADRANT, START-UPS
13.7.1 PROGRESSIVE COMPANIES
13.7.2 RESPONSIVE COMPANIES
13.7.3 DYNAMIC COMPANIES
13.7.4 STARTING BLOCKS
FIGURE 60 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET: COMPETITIVE LEADERSHIP MAPPING OF START-UPS, 2022
TABLE 154 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET: LIST OF KEY START-UPS
14 COMPANY PROFILES
(Business overview, Products offered, Recent developments & MnM View)*
14.1 KEY PLAYERS
14.1.1 MAHINDRA & MAHINDRA LTD.
TABLE 155 MAHINDRA & MAHINDRA LTD.: COMPANY OVERVIEW
FIGURE 61 MAHINDRA & MAHINDRA LTD.: COMPANY SNAPSHOT
TABLE 156 MAHINDRA & MAHINDRA LTD.: ELECTRIC THREE-WHEELER SALES (2019–2021)
FIGURE 62 MAHINDRA & MAHINDRA LTD.: MANUFACTURING PLANTS IN INDIA
TABLE 157 MAHINDRA & MAHINDRA LTD.: PRODUCTS OFFERED
TABLE 158 MAHINDRA & MAHINDRA LTD.: PRODUCT DEVELOPMENTS
TABLE 159 MAHINDRA & MAHINDRA LTD.: DEALS
TABLE 160 MAHINDRA & MAHINDRA LTD.: OTHERS
14.1.2 ATUL AUTO LTD.
TABLE 161 ATUL AUTO LTD.: COMPANY OVERVIEW
FIGURE 63 ATUL AUTO LTD.: COMPANY SNAPSHOT
TABLE 162 ATUL AUTO LTD.: PRODUCTS OFFERED
TABLE 163 ATUL AUTO LTD.: PRODUCT DEVELOPMENTS
TABLE 164 ATUL AUTO LTD.: DEALS
TABLE 165 ATUL AUTO LTD.: OTHERS
14.1.3 PIAGGIO GROUP
TABLE 166 PIAGGIO GROUP: COMPANY OVERVIEW
FIGURE 64 PIAGGIO GROUP: COMPANY SNAPSHOT
TABLE 167 PIAGGIO GROUP: PRODUCTS OFFERED
TABLE 168 PIAGGIO GROUP: NEW PRODUCT DEVELOPMENTS
TABLE 169 PIAGGIO GROUP: DEALS
TABLE 170 PIAGGIO GROUP: OTHERS
14.1.4 SAERA ELECTRIC AUTO PVT. LTD.
TABLE 171 SAERA ELECTRIC AUTO PVT. LTD.: COMPANY OVERVIEW
TABLE 172 SAERA ELECTRIC AUTO PVT. LTD.: PRODUCTS OFFERED
TABLE 173 SAERA ELECTRIC AUTO PVT. LTD.: NEW PRODUCT DEVELOPMENTS
TABLE 174 SAERA ELECTRIC AUTO PVT. LTD.: DEALS
TABLE 175 SAERA ELECTRIC AUTO PVT. LTD.: OTHERS
14.1.5 KINETIC GREEN VEHICLES
TABLE 176 KINETIC GREEN VEHICLES: COMPANY OVERVIEW
FIGURE 65 KINETIC GREEN VEHICLES: COMPANY SNAPSHOT
TABLE 177 KINETIC GREEN VEHICLES: PRODUCTS OFFERED
TABLE 178 KINETIC GREEN VEHICLES: PRODUCT DEVELOPMENTS
TABLE 179 KINETIC GREEN VEHICLES: DEALS
TABLE 180 KINETIC GREEN VEHICLES: OTHERS
14.1.6 JIANGSU JINPENG GROUP CO., LTD.
TABLE 181 JIANGSU JINPENG GROUP CO., LTD.: COMPANY OVERVIEW
TABLE 182 JIANGSU JINPENG GROUP CO., LTD.: PRODUCTS OFFERED
TABLE 183 JIANGSU JINPENG GROUP CO., LTD.: PRODUCTS (ELECTRIC CARGO) OFFERED
TABLE 184 JIANGSU JINPENG GROUP CO., LTD.: DEALS
TABLE 185 JIANGSU JINPENG GROUP CO., LTD.: OTHERS
14.1.7 SKYRIDE AUTOMOTIVE
TABLE 186 SKYRIDE AUTOMOTIVE: COMPANY OVERVIEW
TABLE 187 SKYRIDE AUTOMOTIVE: PRODUCTS OFFERED
14.1.8 YATRI ELECTRIC VEHICLE
TABLE 188 YATRI ELECTRIC VEHICLE: COMPANY OVERVIEW
TABLE 189 YATRI ELECTRIC VEHICLE: PRODUCTS OFFERED
TABLE 190 YATRI VEHICLES: PRODUCTS AND FEATURES
14.1.9 SHADO GROUP INTERNATIONAL PTE. LTD.
TABLE 191 SHADO GROUP INTERNATIONAL PTE. LTD.: COMPANY OVERVIEW
TABLE 192 SHADO GROUP INTERNATIONAL PTE. LTD.: PRODUCTS OFFERED
TABLE 193 SHADO GROUP INTERNATIONAL PTE. LTD.: PRODUCT DEVELOPMENTS
TABLE 194 SHADO GROUP INTERNATIONAL PTE. LTD.: DEALS
TABLE 195 SHADO GROUP INTERNATIONAL PTE. LTD.: OTHERS
14.1.10 XIANGHE QIANGSHENG ELECTRIC TRICYCLE FACTORY
TABLE 196 XIANGHE QIANGSHENG ELECTRIC TRICYCLE FACTORY: COMPANY OVERVIEW
TABLE 197 XIANGHE QIANGSHENG ELECTRIC TRICYCLE FACTORY: PRODUCTS OFFERED
14.1.11 LOHIA AUTO INDUSTRIES
TABLE 198 LOHIA AUTO INDUSTRIES: COMPANY OVERVIEW
FIGURE 66 ELECTRIC UTILITY VEHICLES OFFERED BY LOHIA AUTO INDUSTRIES
TABLE 199 LOHIA AUTO INDUSTRIES: PRODUCTS OFFERED
TABLE 200 LOHIA AUTO INDUSTRIES: NEW PRODUCT DEVELOPMENTS
14.1.12 TERRA MOTORS CORPORATION
TABLE 201 TERRA MOTORS CORPORATION: COMPANY OVERVIEW
TABLE 202 TERRA MOTORS CORPORATION: PRODUCTS OFFERED
TABLE 203 TERRA MOTORS CORPORATION: NEW PRODUCT DEVELOPMENTS
TABLE 204 TERRA MOTORS CORPORATION: DEALS
TABLE 205 TERRA MOTORS CORPORATION: OTHERS
14.1.13 KYBURZ
TABLE 206 KYBURZ: COMPANY OVERVIEW
TABLE 207 KYBURZ: PRODUCTS OFFERED
*Details on Business overview, Products offered, Recent developments & MnM View might not be captured in case of unlisted companies.
14.2 OTHER PLAYERS
14.2.1 CHANGZHOU YUFENG VEHICLE CO., LTD.
14.2.2 JIANGSU EAST YONSLAND VEHICLE MANUFACTURING CO., LTD.
14.2.3 ELECTRIC VEHICLES (THAILAND) CO., LTD.
14.2.4 PROZZA HIROSE MANUFACTURING INC.
14.2.5 BAJAJ AUTO
14.2.6 GAYAM MOTOR WORKS PRIVATE LIMITED
14.2.7 BEMAC CORPORATION
14.2.8 SPEEGO VEHICLES CO. PVT. LIMITED
14.2.9 OMEGA SEIKI PRIVATE LIMITED
14.2.10 KSL CLEANTECH LIMITED
14.2.11 ALTIGREEN
14.2.12 GREEN SHUTTLE TECHNOLOGY PVT. LTD.
14.2.13 KAWAOKA MACHINERY AND ELECTRIC (NANTONG) CO., LTD.
14.2.14 BODO VEHICLE GROUP
14.2.15 J.S. AUTO (P) LTD.
14.2.16 BAAGH ECO MOTORS
14.2.17 BEEVATECH LIMITED
14.2.18 SL MOBILITY
15 RECOMMENDATIONS BY MARKETSANDMARKETS
15.1 INDIA: KEY FOCUS MARKET FOR ELECTRIC THREE-WHEELERS
15.2 LAST-MILE DELIVERY, LOGISTICS, SUPPLY CHAIN, AND WAREHOUSING TO CREATE NEW OPPORTUNITIES FOR E-THREE-WHEELER MANUFACTURERS
15.3 CONCLUSION
16 APPENDIX
16.1 KEY INSIGHTS FROM INDUSTRY EXPERTS
16.2 DISCUSSION GUIDE
16.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
16.4 CUSTOMIZATION OPTIONS
16.5 RELATED REPORTS
16.6 AUTHOR DETAILS
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
TABLE 1 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY END-USE
TABLE 2 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY BATTERY TYPE
TABLE 3 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY MOTOR POWER
TABLE 4 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY BATTERY CAPACITY
TABLE 5 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY RANGE
TABLE 6 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY PAYLOAD CAPACITY
1.2.1 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET: INCLUSIONS AND EXCLUSIONS
FIGURE 1 ELECTRIC THREE-WHEELER MODEL INCLUSIONS AND EXCLUSIONS
1.3 MARKET SCOPE
1.3.1 MARKET SEGMENTATION
1.3.2 COUNTRIES COVERED
1.3.3 YEARS CONSIDERED
1.4 CURRENCY CONSIDERED
TABLE 7 CURRENCY EXCHANGE RATES
1.5 STAKEHOLDERS
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
FIGURE 2 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET: RESEARCH DESIGN
FIGURE 3 RESEARCH DESIGN MODEL
2.1.1 SECONDARY DATA
2.1.1.1 Key secondary sources
2.1.1.2 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Primary interviews – demand and supply sides
2.1.2.2 Key industry insights and breakdown of primary interviews
FIGURE 4 KEY INDUSTRY INSIGHTS
FIGURE 5 BREAKDOWN OF PRIMARY INTERVIEWS
2.1.2.3 List of primary participants
2.2 MARKET SIZE ESTIMATION
FIGURE 6 RESEARCH METHODOLOGY: HYPOTHESIS BUILDING
2.2.1 BOTTOM-UP APPROACH
FIGURE 7 BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
FIGURE 8 TOP-DOWN APPROACH
FIGURE 9 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET: RESEARCH DESIGN & METHODOLOGY
2.3 RECESSION IMPACT ANALYSIS
2.4 DATA TRIANGULATION
FIGURE 10 MARKET BREAKDOWN AND DATA TRIANGULATION
FIGURE 11 MARKET GROWTH PROJECTIONS FROM DEMAND-SIDE DRIVERS AND OPPORTUNITIES
2.5 FACTOR ANALYSIS
2.6 RESEARCH ASSUMPTIONS
2.7 RESEARCH LIMITATIONS
3 EXECUTIVE SUMMARY
FIGURE 12 FACTORS DRIVING ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET
FIGURE 13 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET: MARKET DYNAMICS
FIGURE 14 INDIA TO DOMINATE ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET DURING 2023–2028
FIGURE 15 PASSENGER CARRIER END-USE SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET
FIGURE 16 LOW OPERATING AND MAINTENANCE COSTS TO DRIVE ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET
4.2 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY MOTOR POWER
FIGURE 17 1,000-1,500 W MOTOR POWER SEGMENT TO LEAD MARKET FROM 2023 TO 2028
4.3 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY BATTERY TYPE
FIGURE 18 LITHIUM-ION BATTERY TYPE TO REGISTER HIGHEST CAGR FROM 2023 TO 2028
4.4 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY RANGE
FIGURE 19 UP TO 50 MILES RANGE SEGMENT TO HOLD LARGER MARKET SHARE FROM 2023 TO 2028
4.5 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY BATTERY CAPACITY
FIGURE 20 3-6 KWH TO BE LARGEST BATTERY CAPACITY SEGMENT FROM 2023 TO 2028
4.6 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY END-USE
FIGURE 21 PASSENGER CARRIER END-USE SEGMENT TO LEAD MARKET FROM 2023 TO 2028
4.7 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY PAYLOAD CAPACITY
FIGURE 22 300-500 KG PAYLOAD CAPACITY SEGMENT TO LEAD MARKET FROM 2023 TO 2028
4.8 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY COUNTRY
FIGURE 23 INDIA WAS LARGEST ELECTRIC THREE-WHEELER MARKET IN ASIA PACIFIC IN 2022
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 24 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET
5.2.1 DRIVERS
FIGURE 25 KEY DRIVERS OF ASIA PACIFIC ELECTRIC THREE-WHEELERS MARKET
5.2.1.1 Low operating and maintenance costs
FIGURE 26 ELECTRICITY TARIFF FOR PERSONAL USE CASES AT DIFFERENT LEVELS OF ENERGY CONSUMPTION
TABLE 8 AVERAGE ENERGY CONSUMPTION OF THREE-WHEELERS
5.2.1.2 Government incentives and subsidies
TABLE 9 INDIA: GOVERNMENT INCENTIVES, BY MODEL, 2022
TABLE 10 INDIA: GOVERNMENT INCENTIVES, BY STATE
5.2.1.3 Advancements in battery technology, coupled with reducing prices
FIGURE 27 ELECTRIC VEHICLE BATTERY PRICING ANALYSIS
FIGURE 28 INDIA: BATTERY PRICES, BY BATTERY CAPACITY (KWH)
5.2.1.4 Established market for three-wheelers for urban transportation
5.2.2 RESTRAINTS
FIGURE 29 KEY RESTRAINTS FOR ASIA PACIFIC ELECTRIC THREE-WHEELERS MARKET
5.2.2.1 Low number of charging stations
FIGURE 30 NUMBER OF CHARGING POINTS ACROSS ASIA PACIFIC
TABLE 11 INDIA: SPECIFICATIONS OF CHARGING INFRASTRUCTURE
5.2.2.2 Limited power output, vehicle range, and speed
TABLE 12 ELECTRIC THREE-WHEELER RANGE
5.2.3 OPPORTUNITIES
FIGURE 31 KEY OPPORTUNITIES FOR ASIA PACIFIC ELECTRIC THREE-WHEELERS MARKET
5.2.3.1 Automobile manufacturer- and customer-oriented policies to promote sales
5.2.3.2 Stringent emission norms and environmental regulations
TABLE 13 KEY COUNTRIES: EMISSION REGULATION SPECIFICATIONS OVERVIEW, BY FUEL TYPE, 2016–2021
5.2.3.3 New revenue pockets in Asia Pacific
5.2.4 CHALLENGES
FIGURE 32 KEY CHALLENGES FOR ASIA PACIFIC ELECTRIC THREE-WHEELERS MARKET
5.2.4.1 Limited battery capacity
TABLE 14 BATTERY CAPACITIES OF POPULAR ELECTRIC THREE-WHEELER MODELS
5.2.4.2 High initial investments
FIGURE 33 AVERAGE TOTAL COST OF CONVENTIONAL VS. ELECTRIC THREE-WHEELERS (2022)
FIGURE 34 AVERAGE TOTAL COST OF ELECTRIC THREE-WHEELER COMPONENTS (2022)
5.2.4.3 Lack of compatibility, interchangeability, and standardization
TABLE 15 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET: IMPACT OF MARKET DYNAMICS
5.3 PORTER’S FIVE FORCES ANALYSIS
FIGURE 35 PORTER’S FIVE FORCES ANALYSIS OF ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET
TABLE 16 IMPACT OF PORTER’S FIVE FORCES ON ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET
5.3.1 INTENSITY OF COMPETITIVE RIVALRY
5.3.2 THREAT OF NEW ENTRANTS
5.3.3 THREAT OF SUBSTITUTES
5.3.4 BARGAINING POWER OF SUPPLIERS
5.3.5 BARGAINING POWER OF BUYERS
5.4 VALUE CHAIN ANALYSIS
FIGURE 36 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET: VALUE CHAIN ANALYSIS
5.5 MACROECONOMIC INDICATORS
5.5.1 GDP TRENDS AND FORECASTS FOR MAJOR ASIA PACIFIC ECONOMIES
TABLE 17 GDP TRENDS AND FORECAST BY MAJOR ASIA PACIFIC ECONOMIES, 2018–2026 (USD BILLION)
5.6 PRICING ANALYSIS
5.6.1 OEM-WISE PRICING ANALYSIS
TABLE 18 OEM ELECTRIC THREE-WHEELER PRICING ANALYSIS (USD) (2023)
FIGURE 37 VOLUME WEIGHTED AVERAGE LITHIUM-ION BATTERY PACK AND CELL PRICE SPILT, 2013-2022
5.7 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET ECOSYSTEM
FIGURE 38 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET: ECOSYSTEM ANALYSIS
5.7.1 OEMS
5.7.2 RAW MATERIAL SUPPLIERS
5.7.3 BATTERY MANUFACTURERS
5.7.4 CHARGING INFRASTRUCTURE PROVIDERS
TABLE 19 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET: ROLE OF COMPANIES IN ECOSYSTEM
5.8 KEY STAKEHOLDERS AND BUYING CRITERIA
5.8.1 PASSENGER CARRIER
5.8.2 LOAD CARRIER
5.8.3 KEY STAKEHOLDERS IN BUYING PROCESS
TABLE 20 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 2 END-USES (%)
5.8.4 BUYING CRITERIA
FIGURE 39 KEY BUYING CRITERIA FOR TOP 2 END-USES
5.9 TECHNOLOGY ANALYSIS
5.9.1 BATTERY SWAPPING IN ELECTRIC THREE-WHEELERS
5.9.2 IOT IN ELECTRIC THREE-WHEELERS
FIGURE 40 IOT-ENABLED SMART GRID
5.9.3 REGENERATIVE BRAKING SYSTEMS
FIGURE 41 REGENERATIVE BRAKING IN ELECTRIC THREE-WHEELERS
5.9.4 SOLID STATE BATTERY (SSB)
5.9.5 HYDROGEN FUEL CELL
FIGURE 42 COMPARISON OF HYDROGEN AND EV DRIVE
5.10 PATENT ANALYSIS
FIGURE 43 NUMBER OF PUBLISHED PATENTS (2012–2023)
TABLE 21 IMPORTANT PATENT REGISTRATIONS RELATED TO ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET
5.11 CASE STUDIES
5.11.1 CASE STUDY 1: ELECTRIC THREE-WHEELER LOGISTICS FLEET OPERATIONS WITH CAPTIVE PLUG-IN CHARGING
5.11.2 CASE STUDY 2: ELECTRIC THREE-WHEELER LOGISTICS FLEET OPERATIONS WITH BATTERY SWAPPING
5.12 REGULATORY OVERVIEW
5.12.1 INDIA
TABLE 22 INDIAN REGULATORY FRAMEWORK: DIFFERENCE BETWEEN THE ROLE OF ELECTRIC RICKSHAWS AND ELECTRIC AUTO RICKSHAWS
5.12.2 CHINA
5.12.3 THAILAND
5.12.4 VIETNAM
5.12.5 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 23 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.13 TRENDS AND DISRUPTIONS
FIGURE 44 BATTERY, CHARGING, AND CONNECTIVITY TECHNOLOGIES TO CATER GROWTH OF ELECTRIC THREE-WHEELERS
5.14 KEY CONFERENCES AND EVENTS, 2023
TABLE 24 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET: KEY CONFERENCES AND EVENTS
5.15 SCENARIO ANALYSIS (2023–2028)
5.15.1 MOST LIKELY SCENARIO
TABLE 25 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET: MOST LIKELY SCENARIO, BY COUNTRY, 2023–2028 (UNITS)
5.15.2 OPTIMISTIC SCENARIO
TABLE 26 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET: OPTIMISTIC SCENARIO, BY COUNTRY, 2023–2028 (UNITS)
5.15.3 PESSIMISTIC SCENARIO
TABLE 27 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET: PESSIMISTIC SCENARIO, BY COUNTRY, 2023–2028 (UNITS)
6 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY MOTOR POWER
6.1 INTRODUCTION
FIGURE 45 1,000–1,500 W SEGMENT TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD
TABLE 28 ASIA PACIFIC: ELECTRIC THREE-WHEELER MARKET, BY MOTOR POWER, 2019–2022 (UNITS)
TABLE 29 ASIA PACIFIC: ELECTRIC THREE-WHEELER MARKET, BY MOTOR POWER, 2023–2028 (UNITS)
6.1.1 OPERATIONAL DATA
TABLE 30 POPULAR ELECTRIC THREE-WHEELER MODELS, BY MOTOR POWER
FIGURE 46 ELECTRIC THREE-WHEELER POWERTRAIN ARCHITECTURE
TABLE 31 FACTORS DECIDING MOTOR POWER OF ELECTRIC THREE-WHEELERS
6.1.2 ASSUMPTIONS
TABLE 32 ASSUMPTIONS: BY MOTOR POWER
6.1.3 RESEARCH METHODOLOGY
6.2 BELOW 1,000 W
6.2.1 LOW COST OF OPERATIONS, NOISE POLLUTION, AND CARBON FOOTPRINT OF LOW-POWERED EVS TO DRIVE MARKET
TABLE 33 BELOW 1,000 W: ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY COUNTRY, 2019–2022 (UNITS)
TABLE 34 BELOW 1,000 W: ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY COUNTRY, 2023–2028 (UNITS)
6.3 1,000–1,500 W
6.3.1 TRANSITION TO ELECTRIC RICKSHAWS IN SOUTH ASIAN COUNTRIES TO PROPEL MARKET
TABLE 35 1,000–1,500 W: ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY COUNTRY, 2019–2022 (UNITS)
TABLE 36 1,000–1,500 W: ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY COUNTRY, 2023–2028 (UNITS)
6.4 ABOVE 1,500 W
6.4.1 GROWTH OF CONSUMER DELIVERY SERVICES TO INCREASE DEMAND
TABLE 37 ABOVE 1,500 W: ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY COUNTRY, 2019–2022 (UNITS)
TABLE 38 ABOVE 1,500 W: ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY COUNTRY, 2023–2028 (UNITS)
6.5 KEY PRIMARY INSIGHTS
7 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY BATTERY TYPE
7.1 INTRODUCTION
FIGURE 47 LITHIUM-ION BATTERY SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
TABLE 39 ASIA PACIFIC: ELECTRIC THREE-WHEELER MARKET, BY BATTERY TYPE, 2019–2022 (UNITS)
TABLE 40 ASIA PACIFIC: ELECTRIC THREE-WHEELER MARKET, BY BATTERY TYPE, 2023–2028 (UNITS)
7.1.1 OPERATIONAL DATA
TABLE 41 ELECTRIC THREE-WHEELER MODELS, BY BATTERY TYPE
TABLE 42 MARKET SHARE: TOP EV BATTERY MANUFACTURERS (2022)
7.1.2 ASSUMPTIONS
TABLE 43 ASSUMPTIONS: BY BATTERY TYPE
7.1.3 RESEARCH METHODOLOGY
7.2 LEAD-ACID BATTERY
7.2.1 AFFORDABLE COST TO PLAY VITAL ROLE IN MARKET GROWTH
7.3 LITHIUM-ION BATTERY
7.3.1 LONG BATTERY LIFE AND DURABILITY TO DRIVE MARKET
7.4 OTHER BATTERY TYPES
TABLE 44 NON-MAINSTREAM BATTERY TYPES AND THEIR PROVIDERS
7.5 KEY PRIMARY INSIGHTS
8 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY PAYLOAD CAPACITY
8.1 INTRODUCTION
FIGURE 48 300–500 KG PAYLOAD CAPACITY TO LEAD MARKET DURING FORECAST PERIOD
TABLE 45 ASIA PACIFIC: ELECTRIC THREE-WHEELER MARKET, BY PAYLOAD CAPACITY, 2019–2022 (UNITS)
TABLE 46 ASIA PACIFIC: ELECTRIC THREE-WHEELER MARKET, BY PAYLOAD CAPACITY, 2023–2028 (UNITS)
TABLE 47 INDIA: ELECTRIC THREE-WHEELER MARKET, BY PAYLOAD CAPACITY, 2019–2022 (UNITS)
TABLE 48 INDIA: ELECTRIC THREE-WHEELER MARKET, BY PAYLOAD CAPACITY, 2023–2028 (UNITS)
8.1.1 ASSUMPTIONS
TABLE 49 ASSUMPTIONS: BY PAYLOAD CAPACITY
8.1.2 RESEARCH METHODOLOGY
8.2 UP TO 300 KG
8.2.1 NOISE-FREE OPERATIONS AND AFFORDABILITY TO DRIVE DEMAND
TABLE 50 UP TO 300 KG LOAD CAPACITY MODELS
8.3 300–500 KG
8.3.1 WIDE USE IN LAST MILE DELIVERIES TO BOOST MARKET
TABLE 51 300-500 KG LOAD CAPACITY MODELS
8.4 ABOVE 500 KG
8.4.1 MODERATE DISTANCE LOGISTICS AND SPECIAL APPLICATIONS TO SPUR DEMAND
TABLE 52 ABOVE 500 KG PAYLOAD CAPACITY MODELS
8.5 KEY PRIMARY INSIGHTS
9 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY BATTERY CAPACITY
9.1 INTRODUCTION
TABLE 53 TYPES OF BATTERIES AND THEIR CHARACTERISTICS
FIGURE 49 3-6 KWH SEGMENT TO ACCOUNT FOR LARGEST MARKET SIZE
TABLE 54 ASIA PACIFIC: ELECTRIC THREE-WHEELER MARKET, BY BATTERY CAPACITY, 2019–2022 (UNITS)
TABLE 55 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY BATTERY CAPACITY, 2023–2028 (UNITS)
9.1.1 ASSUMPTIONS
9.1.2 RESEARCH METHODOLOGY
9.2 BELOW 3 KWH
9.2.1 DEMAND FOR AFFORDABLE TRANSPORTATION TO DRIVE MARKET
TABLE 56 BELOW 3 KWH: ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY MODEL
9.3 3–6 KWH
9.3.1 INCREASING DEMAND FOR INTRACITY TRAVEL TO PROPEL MARKET
TABLE 57 3-6 KWH: ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY MODEL
9.4 ABOVE 6 KWH
9.4.1 ELECTRIC THREE-WHEELERS WITH PERSISTENT BATTERY SYSTEMS TO BOOST MARKET
TABLE 58 ABOVE 6 KWH: ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY MODEL
9.5 KEY PRIMARY INSIGHTS
10 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY RANGE
10.1 INTRODUCTION
FIGURE 50 ABOVE 50 MILES SEGMENT TO REGISTER HIGHER CAGR DURING FORECAST PERIOD
TABLE 59 ASIA PACIFIC: ELECTRIC THREE-WHEELER MARKET, BY RANGE, 2019–2022 (UNITS)
TABLE 60 ASIA PACIFIC: ELECTRIC THREE-WHEELER MARKET, BY RANGE, 2023–2028 (UNITS)
10.1.1 OPERATIONAL DATA
TABLE 61 ASIA PACIFIC ELECTRIC THREE-WHEELER MODELS, BY RANGE
10.1.2 ASSUMPTIONS
TABLE 62 ASSUMPTIONS: BY RANGE
10.1.3 RESEARCH METHODOLOGY
10.2 UP TO 50 MILES
10.2.1 DEMAND FOR AFFORDABLE ELECTRIC THREE-WHEELERS TO DRIVE SEGMENT
TABLE 63 UP TO 50 MILES: ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY COUNTRY, 2019–2022 (UNITS)
TABLE 64 UP TO 50 MILES: ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY COUNTRY, 2023–2028 (UNITS)
10.3 ABOVE 50 MILES
10.3.1 INCREASING BATTERY ENERGY DENSITY TO DRIVE SEGMENT
TABLE 65 ABOVE 50 MILES: ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY COUNTRY, 2019–2022(UNITS)
TABLE 66 ABOVE 50 MILES: ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY COUNTRY, 2023–2028 (UNITS)
10.4 KEY PRIMARY INSIGHTS
11 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY END-USE
11.1 INTRODUCTION
FIGURE 51 LOAD CARRIER SEGMENT TO REGISTER HIGHER CAGR DURING FORECAST PERIOD
TABLE 67 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY END-USE, 2019–2022 (UNITS)
TABLE 68 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY END-USE, 2023–2028 (UNITS)
11.1.1 OPERATIONAL DATA
TABLE 69 TOP-SELLING ELECTRIC THREE-WHEELER MODELS, BY END-USE
11.1.2 ASSUMPTIONS
TABLE 70 ASSUMPTIONS: BY END-USE
11.1.3 RESEARCH METHODOLOGY
11.2 PASSENGER CARRIER
11.2.1 LOW TOTAL COST OF OWNERSHIP OF ELECTRIC THREE-WHEELERS COMPARED WITH ICE COUNTERPARTS TO DRIVE MARKET
TABLE 71 PASSENGER CARRIER: ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY COUNTRY, 2019–2022 (UNITS)
TABLE 72 PASSENGER CARRIER: ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY COUNTRY, 2023–2028 (UNITS)
11.3 LOAD CARRIER
11.3.1 USE OF ELECTRIC THREE-WHEELERS IN LOGISTICS AND LAST-MILE DELIVERIES TO BOOST MARKET
TABLE 73 LOAD CARRIER: ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY COUNTRY, 2019–2022 (UNITS)
TABLE 74 LOAD CARRIER: ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY COUNTRY, 2023–2028 (UNITS)
11.4 KEY PRIMARY INSIGHTS
12 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY COUNTRY
12.1 INTRODUCTION
FIGURE 52 INDIA WAS LARGEST MARKET IN 2022
FIGURE 53 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY COUNTRY
TABLE 75 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY COUNTRY, 2019–2022 (UNITS)
TABLE 76 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY COUNTRY, 2023–2028 (UNITS)
TABLE 77 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY END-USE, 2019–2022 (USD MILLION)
TABLE 78 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY END-USE, 2023–2028 (USD MILLION)
12.2 INDIA
12.2.1 INCREASING TREND OF LAST-MILE DELIVERY AND BATTERY SWAPPING TO BOOST MARKET
TABLE 79 INDIA: GOVERNMENT SUBSIDIES AND INCENTIVES FOR ELECTRIC THREE-WHEELERS, BY STATE
TABLE 80 COMPANIES ADOPTING ELECTRIC THREE-WHEELER LOAD CARRIERS IN INDIA
FIGURE 54 E-CARTS AND GOODS E-AUTO ACCOUNT FOR LOAD- CARRIER SEGMENT, TOGETHER HELD 9-10% OF INDIAN ELECTRIC THREE-WHEELER MARKET IN 2022
TABLE 81 DEVELOPMENTS REGARDING BATTERY SWAPPING STATIONS IN INDIA
TABLE 82 INDIA: ELECTRIC THREE-WHEELER MARKET, BY END-USE, 2019–2022 (UNITS)
TABLE 83 INDIA: ELECTRIC THREE-WHEELER MARKET, BY END-USE, 2023–2028 (UNITS)
TABLE 84 INDIA: ELECTRIC THREE-WHEELER MARKET, BY MOTOR POWER, 2019–2022 (UNITS)
TABLE 85 INDIA: ELECTRIC THREE-WHEELER MARKET, BY MOTOR POWER, 2023–2028 (UNITS)
TABLE 86 INDIA: ELECTRIC THREE-WHEELER MARKET, BY RANGE, 2019–2022 (UNITS)
TABLE 87 INDIA: ELECTRIC THREE-WHEELER MARKET, BY RANGE, 2023–2028 (UNITS)
TABLE 88 INDIA: ELECTRIC THREE-WHEELER MARKET, BY PAYLOAD CAPACITY, 2019–2022 (UNITS)
TABLE 89 INDIA: ELECTRIC THREE-WHEELER MARKET, BY PAYLOAD CAPACITY, 2023–2028 (UNITS)
12.3 JAPAN
12.3.1 STRINGENT EMISSION STANDARDS AND PLANS FOR BATTERY SWAPPING TO PROPEL DEMAND
TABLE 90 TARGET FOR ADOPTION OF EVS IN JAPAN
TABLE 91 JAPAN: ELECTRIC THREE-WHEELER MARKET, BY END-USE, 2019–2022 (UNITS)
TABLE 92 JAPAN: ELECTRIC THREE-WHEELER MARKET, BY END-USE, 2023–2028 (UNITS)
TABLE 93 JAPAN: ELECTRIC THREE-WHEELER MARKET, BY MOTOR POWER, 2019–2022 (UNITS)
TABLE 94 JAPAN: ELECTRIC THREE-WHEELER MARKET, BY MOTOR POWER, 2023–2028 (UNITS)
TABLE 95 JAPAN: ELECTRIC THREE-WHEELER MARKET, BY RANGE, 2019–2022 (UNITS)
TABLE 96 JAPAN: ELECTRIC THREE-WHEELER MARKET, BY RANGE, 2023–2028 (UNITS)
12.4 THAILAND
12.4.1 INCREASING DEMAND FOR E-TUK-TUK FOR LOCAL TRANSPORT TO BOOST DEMAND
TABLE 97 TARGET FOR ELECTRIC VEHICLE ADOPTION IN THAILAND
TABLE 98 THAILAND: ELECTRIC THREE-WHEELER MARKET, BY END-USE, 2019–2022 (UNITS)
TABLE 99 THAILAND: ELECTRIC THREE-WHEELER MARKET, BY END-USE, 2023–2028 (UNITS)
TABLE 100 THAILAND: ELECTRIC THREE-WHEELER MARKET, BY MOTOR POWER, 2019–2022 (UNITS)
TABLE 101 THAILAND: ELECTRIC THREE-WHEELER MARKET, BY MOTOR POWER, 2023–2028 (UNITS)
TABLE 102 THAILAND: ELECTRIC THREE-WHEELER MARKET, BY RANGE, 2019–2022 (UNITS)
TABLE 103 THAILAND: ELECTRIC THREE-WHEELER MARKET, BY RANGE, 2023–2028 (UNITS)
12.5 BANGLADESH
12.5.1 FAVORABLE GOVERNMENT POLICIES FOR ELECTRIC THREE-WHEELER IMPORTS TO DRIVE MARKET
FIGURE 55 BANGLADESH: ELECTRIC VEHICLE MARKET SCENARIO
TABLE 104 ELECTRIC THREE-WHEELER DEVELOPMENTS IN BANGLADESH
TABLE 105 BANGLADESH: ELECTRIC THREE-WHEELER MARKET, BY END-USE, 2019–2022 (UNITS)
TABLE 106 BANGLADESH: ELECTRIC THREE-WHEELER MARKET, BY END-USE, 2023–2028 (UNITS)
TABLE 107 BANGLADESH: ELECTRIC THREE-WHEELER MARKET, BY MOTOR POWER, 2019–2022 (UNITS)
TABLE 108 BANGLADESH: ELECTRIC THREE-WHEELER MARKET, BY MOTOR POWER, 2023–2028 (UNITS)
TABLE 109 BANGLADESH: ELECTRIC THREE-WHEELER MARKET, BY RANGE, 2019–2022 (UNITS)
TABLE 110 BANGLADESH: ELECTRIC THREE-WHEELER MARKET, BY RANGE, 2023–2028 (UNITS)
12.6 NEPAL
12.6.1 ELECTRIC THREE-WHEELER IMPORT POLICIES AND PLANS FOR DOMESTIC PRODUCTION TO INCREASE DEMAND
TABLE 111 POLICY FOR ADOPTION OF EVS IN NEPAL
TABLE 112 NEPAL: ELECTRIC THREE-WHEELER MARKET, BY END-USE, 2019–2022 (UNITS)
TABLE 113 NEPAL: ELECTRIC THREE-WHEELER MARKET, BY END-USE, 2023–2028 (UNITS)
TABLE 114 NEPAL: ELECTRIC THREE-WHEELER MARKET, BY MOTOR POWER, 2019–2022 (UNITS)
TABLE 115 NEPAL: ELECTRIC THREE-WHEELER MARKET, BY MOTOR POWER, 2023–2028 (UNITS)
TABLE 116 NEPAL: ELECTRIC THREE-WHEELER MARKET, BY RANGE, 2019–2022 (UNITS)
TABLE 117 NEPAL: ELECTRIC THREE-WHEELER MARKET, BY RANGE, 2023–2028 (UNITS)
12.7 SRI LANKA
12.7.1 RECOVERY FROM ECONOMIC CRISIS TO BOOST MARKET
TABLE 118 LITHIUM-ION BATTERY IMPORTERS IN SRI LANKA (2021)
TABLE 119 SRI LANKA: ELECTRIC THREE-WHEELER MARKET, BY END-USE, 2019–2022 (UNITS)
TABLE 120 SRI LANKA: ELECTRIC THREE-WHEELER MARKET, BY END-USE, 2023–2028 (UNITS)
TABLE 121 SRI LANKA: ELECTRIC THREE-WHEELER MARKET, BY MOTOR POWER, 2019–2022 (UNITS)
TABLE 122 SRI LANKA: ELECTRIC THREE-WHEELER MARKET, BY MOTOR POWER, 2023–2028 (UNITS)
TABLE 123 SRI LANKA: ELECTRIC THREE-WHEELER MARKET, BY RANGE, 2019–2022 (UNITS)
TABLE 124 SRI LANKA: ELECTRIC THREE-WHEELER MARKET, BY RANGE, 2023–2028 (UNITS)
12.8 INDONESIA
12.8.1 REDUCTION OF IMPORT DUTIES ON COMPONENTS TO DRIVE MARKET
TABLE 125 POLICY FOR ADOPTION OF EVS IN INDONESIA
FIGURE 56 EV MANUFACTURING HUB SETUP ROADMAP IN INDONESIA
TABLE 126 INDONESIA: ELECTRIC THREE-WHEELER MARKET, BY END-USE, 2019–2022 (UNITS)
TABLE 127 INDONESIA: ELECTRIC THREE-WHEELER MARKET, BY END-USE, 2023–2028 (UNITS)
TABLE 128 INDONESIA: ELECTRIC THREE-WHEELER MARKET, BY MOTOR POWER, 2019–2022 (UNITS)
TABLE 129 INDONESIA: ELECTRIC THREE-WHEELER MARKET, BY MOTOR POWER, 2023–2028 (UNITS)
TABLE 130 INDONESIA: ELECTRIC THREE-WHEELER MARKET, BY RANGE, 2019–2022 (UNITS)
TABLE 131 INDONESIA: ELECTRIC THREE-WHEELER MARKET, BY RANGE, 2023–2028 (UNITS)
12.9 PHILIPPINES
12.9.1 ADOPTION OF ELECTRIC THREE-WHEELERS IN PROMINENT BUSINESS DISTRICTS AND URBAN AREAS TO DRIVE MARKET
TABLE 132 TARGET FOR EVS IN PHILIPPINES
TABLE 133 PHILIPPINES: ELECTRIC THREE-WHEELER MARKET, BY END-USE, 2019–2022 (UNITS)
TABLE 134 PHILIPPINES: ELECTRIC THREE-WHEELER MARKET, BY END-USE, 2023–2028 (UNITS)
TABLE 135 PHILIPPINES: ELECTRIC THREE-WHEELER MARKET, BY MOTOR POWER, 2019–2022 (UNITS)
TABLE 136 PHILIPPINES: ELECTRIC THREE-WHEELER MARKET, BY MOTOR POWER, 2023–2028 (UNITS)
TABLE 137 PHILIPPINES: ELECTRIC THREE-WHEELER MARKET, BY RANGE, 2019–2022 (UNITS)
TABLE 138 PHILIPPINES: ELECTRIC THREE-WHEELER MARKET, BY RANGE, 2023–2028 (UNITS)
12.10 VIETNAM
12.10.1 FAVORABLE GOVERNMENT POLICIES FOR EVS TO IMPROVE AIR QUALITY TO DRIVE MARKET
TABLE 139 VIETNAM: ELECTRIC THREE-WHEELER MARKET, BY END-USE, 2019–2022 (UNITS)
TABLE 140 VIETNAM: ELECTRIC THREE-WHEELER MARKET, BY END-USE, 2023–2028 (UNITS)
TABLE 141 VIETNAM: ELECTRIC THREE-WHEELER MARKET, BY MOTOR POWER, 2019–2022 (UNITS)
TABLE 142 VIETNAM: ELECTRIC THREE-WHEELER MARKET, BY MOTOR POWER, 2023–2028 (UNITS)
TABLE 143 VIETNAM: ELECTRIC THREE-WHEELER MARKET, BY RANGE, 2019–2022 (UNITS)
TABLE 144 VIETNAM: ELECTRIC THREE-WHEELER MARKET, BY RANGE, 2023–2028 (UNITS)
12.11 CHINA
12.11.1 GOVERNMENT MANDATES FOR EV MANUFACTURERS TO DRIVE MARKET
TABLE 145 EV BATTERY MANUFACTURERS IN CHINA
12.12 SINGAPORE
12.12.1 GROWING CHARGING INFRASTRUCTURE TO DRIVE MARKET
TABLE 146 TARGET FOR EVS IN SINGAPORE
13 COMPETITIVE LANDSCAPE
13.1 OVERVIEW
13.2 MARKET SHARE ANALYSIS FOR ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET
TABLE 147 MARKET SHARE ANALYSIS, 2022
FIGURE 57 MARKET SHARE ANALYSIS, 2022
13.3 REVENUE ANALYSIS OF TOP MARKET PLAYERS
FIGURE 58 TOP PLAYERS DOMINATING ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET
13.4 COMPETITIVE SCENARIO
13.4.1 DEALS
TABLE 148 DEALS, 2020–2023
13.4.2 PRODUCT DEVELOPMENTS
TABLE 149 PRODUCT DEVELOPMENTS, 2020–2023
13.4.3 OTHER DEVELOPMENTS
TABLE 150 OTHER DEVELOPMENTS, 2020–2023
13.5 COMPETITIVE LEADERSHIP MAPPING FOR ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET
13.5.1 STARS
13.5.2 EMERGING LEADERS
13.5.3 PERVASIVE PLAYERS
13.5.4 EMERGING COMPANIES
FIGURE 59 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET: COMPETITIVE LEADERSHIP MAPPING OF KEY PLAYERS, 2022
13.6 COMPANY EVALUATION QUADRANT–PRODUCT FOOTPRINT
TABLE 151 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET: COMPANY FOOTPRINT, 2022
TABLE 152 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET: COMPANY APPLICATION FOOTPRINT, 2022
TABLE 153 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET: COUNTRY FOOTPRINT, 2022
13.7 COMPETITIVE EVALUATION QUADRANT, START-UPS
13.7.1 PROGRESSIVE COMPANIES
13.7.2 RESPONSIVE COMPANIES
13.7.3 DYNAMIC COMPANIES
13.7.4 STARTING BLOCKS
FIGURE 60 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET: COMPETITIVE LEADERSHIP MAPPING OF START-UPS, 2022
TABLE 154 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET: LIST OF KEY START-UPS
14 COMPANY PROFILES
(Business overview, Products offered, Recent developments & MnM View)*
14.1 KEY PLAYERS
14.1.1 MAHINDRA & MAHINDRA LTD.
TABLE 155 MAHINDRA & MAHINDRA LTD.: COMPANY OVERVIEW
FIGURE 61 MAHINDRA & MAHINDRA LTD.: COMPANY SNAPSHOT
TABLE 156 MAHINDRA & MAHINDRA LTD.: ELECTRIC THREE-WHEELER SALES (2019–2021)
FIGURE 62 MAHINDRA & MAHINDRA LTD.: MANUFACTURING PLANTS IN INDIA
TABLE 157 MAHINDRA & MAHINDRA LTD.: PRODUCTS OFFERED
TABLE 158 MAHINDRA & MAHINDRA LTD.: PRODUCT DEVELOPMENTS
TABLE 159 MAHINDRA & MAHINDRA LTD.: DEALS
TABLE 160 MAHINDRA & MAHINDRA LTD.: OTHERS
14.1.2 ATUL AUTO LTD.
TABLE 161 ATUL AUTO LTD.: COMPANY OVERVIEW
FIGURE 63 ATUL AUTO LTD.: COMPANY SNAPSHOT
TABLE 162 ATUL AUTO LTD.: PRODUCTS OFFERED
TABLE 163 ATUL AUTO LTD.: PRODUCT DEVELOPMENTS
TABLE 164 ATUL AUTO LTD.: DEALS
TABLE 165 ATUL AUTO LTD.: OTHERS
14.1.3 PIAGGIO GROUP
TABLE 166 PIAGGIO GROUP: COMPANY OVERVIEW
FIGURE 64 PIAGGIO GROUP: COMPANY SNAPSHOT
TABLE 167 PIAGGIO GROUP: PRODUCTS OFFERED
TABLE 168 PIAGGIO GROUP: NEW PRODUCT DEVELOPMENTS
TABLE 169 PIAGGIO GROUP: DEALS
TABLE 170 PIAGGIO GROUP: OTHERS
14.1.4 SAERA ELECTRIC AUTO PVT. LTD.
TABLE 171 SAERA ELECTRIC AUTO PVT. LTD.: COMPANY OVERVIEW
TABLE 172 SAERA ELECTRIC AUTO PVT. LTD.: PRODUCTS OFFERED
TABLE 173 SAERA ELECTRIC AUTO PVT. LTD.: NEW PRODUCT DEVELOPMENTS
TABLE 174 SAERA ELECTRIC AUTO PVT. LTD.: DEALS
TABLE 175 SAERA ELECTRIC AUTO PVT. LTD.: OTHERS
14.1.5 KINETIC GREEN VEHICLES
TABLE 176 KINETIC GREEN VEHICLES: COMPANY OVERVIEW
FIGURE 65 KINETIC GREEN VEHICLES: COMPANY SNAPSHOT
TABLE 177 KINETIC GREEN VEHICLES: PRODUCTS OFFERED
TABLE 178 KINETIC GREEN VEHICLES: PRODUCT DEVELOPMENTS
TABLE 179 KINETIC GREEN VEHICLES: DEALS
TABLE 180 KINETIC GREEN VEHICLES: OTHERS
14.1.6 JIANGSU JINPENG GROUP CO., LTD.
TABLE 181 JIANGSU JINPENG GROUP CO., LTD.: COMPANY OVERVIEW
TABLE 182 JIANGSU JINPENG GROUP CO., LTD.: PRODUCTS OFFERED
TABLE 183 JIANGSU JINPENG GROUP CO., LTD.: PRODUCTS (ELECTRIC CARGO) OFFERED
TABLE 184 JIANGSU JINPENG GROUP CO., LTD.: DEALS
TABLE 185 JIANGSU JINPENG GROUP CO., LTD.: OTHERS
14.1.7 SKYRIDE AUTOMOTIVE
TABLE 186 SKYRIDE AUTOMOTIVE: COMPANY OVERVIEW
TABLE 187 SKYRIDE AUTOMOTIVE: PRODUCTS OFFERED
14.1.8 YATRI ELECTRIC VEHICLE
TABLE 188 YATRI ELECTRIC VEHICLE: COMPANY OVERVIEW
TABLE 189 YATRI ELECTRIC VEHICLE: PRODUCTS OFFERED
TABLE 190 YATRI VEHICLES: PRODUCTS AND FEATURES
14.1.9 SHADO GROUP INTERNATIONAL PTE. LTD.
TABLE 191 SHADO GROUP INTERNATIONAL PTE. LTD.: COMPANY OVERVIEW
TABLE 192 SHADO GROUP INTERNATIONAL PTE. LTD.: PRODUCTS OFFERED
TABLE 193 SHADO GROUP INTERNATIONAL PTE. LTD.: PRODUCT DEVELOPMENTS
TABLE 194 SHADO GROUP INTERNATIONAL PTE. LTD.: DEALS
TABLE 195 SHADO GROUP INTERNATIONAL PTE. LTD.: OTHERS
14.1.10 XIANGHE QIANGSHENG ELECTRIC TRICYCLE FACTORY
TABLE 196 XIANGHE QIANGSHENG ELECTRIC TRICYCLE FACTORY: COMPANY OVERVIEW
TABLE 197 XIANGHE QIANGSHENG ELECTRIC TRICYCLE FACTORY: PRODUCTS OFFERED
14.1.11 LOHIA AUTO INDUSTRIES
TABLE 198 LOHIA AUTO INDUSTRIES: COMPANY OVERVIEW
FIGURE 66 ELECTRIC UTILITY VEHICLES OFFERED BY LOHIA AUTO INDUSTRIES
TABLE 199 LOHIA AUTO INDUSTRIES: PRODUCTS OFFERED
TABLE 200 LOHIA AUTO INDUSTRIES: NEW PRODUCT DEVELOPMENTS
14.1.12 TERRA MOTORS CORPORATION
TABLE 201 TERRA MOTORS CORPORATION: COMPANY OVERVIEW
TABLE 202 TERRA MOTORS CORPORATION: PRODUCTS OFFERED
TABLE 203 TERRA MOTORS CORPORATION: NEW PRODUCT DEVELOPMENTS
TABLE 204 TERRA MOTORS CORPORATION: DEALS
TABLE 205 TERRA MOTORS CORPORATION: OTHERS
14.1.13 KYBURZ
TABLE 206 KYBURZ: COMPANY OVERVIEW
TABLE 207 KYBURZ: PRODUCTS OFFERED
*Details on Business overview, Products offered, Recent developments & MnM View might not be captured in case of unlisted companies.
14.2 OTHER PLAYERS
14.2.1 CHANGZHOU YUFENG VEHICLE CO., LTD.
14.2.2 JIANGSU EAST YONSLAND VEHICLE MANUFACTURING CO., LTD.
14.2.3 ELECTRIC VEHICLES (THAILAND) CO., LTD.
14.2.4 PROZZA HIROSE MANUFACTURING INC.
14.2.5 BAJAJ AUTO
14.2.6 GAYAM MOTOR WORKS PRIVATE LIMITED
14.2.7 BEMAC CORPORATION
14.2.8 SPEEGO VEHICLES CO. PVT. LIMITED
14.2.9 OMEGA SEIKI PRIVATE LIMITED
14.2.10 KSL CLEANTECH LIMITED
14.2.11 ALTIGREEN
14.2.12 GREEN SHUTTLE TECHNOLOGY PVT. LTD.
14.2.13 KAWAOKA MACHINERY AND ELECTRIC (NANTONG) CO., LTD.
14.2.14 BODO VEHICLE GROUP
14.2.15 J.S. AUTO (P) LTD.
14.2.16 BAAGH ECO MOTORS
14.2.17 BEEVATECH LIMITED
14.2.18 SL MOBILITY
15 RECOMMENDATIONS BY MARKETSANDMARKETS
15.1 INDIA: KEY FOCUS MARKET FOR ELECTRIC THREE-WHEELERS
15.2 LAST-MILE DELIVERY, LOGISTICS, SUPPLY CHAIN, AND WAREHOUSING TO CREATE NEW OPPORTUNITIES FOR E-THREE-WHEELER MANUFACTURERS
15.3 CONCLUSION
16 APPENDIX
16.1 KEY INSIGHTS FROM INDUSTRY EXPERTS
16.2 DISCUSSION GUIDE
16.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
16.4 CUSTOMIZATION OPTIONS
16.5 RELATED REPORTS
16.6 AUTHOR DETAILS
