Africa ICE Three-Wheeler Market Assessment, By Fuel Type [Petrol/Diesel, CNG], By Engine Capacity [Less than 125cc, 126-250cc, 251-500cc, 501cc and Above], By Application [Private; Commercial-Service, Industrial], By Country, Opportunities, and Forecast, 2018-2032F

February 2025 | 222 pages | ID: A30633A9D6E2EN
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Africa ICE Three-Wheeler Market is anticipated to reach USD 1002.31 million in 2032 at CAGR of 5.32% during the forecast period between 2025 and 2032. The market was valued at USD 662.09 million in 2024. Three-wheelers are frequently used for last mile passenger and cargo transportation. The demand for three-wheelers in the African region is further influenced by the need for faster and less expensive options for public and goods transportation in the numerous developing nations.

In order to address the growing demand and evolving needs of customers, manufacturers are expanding their range of three-wheeler vehicle models. For instance, the Alfa CNG three-wheeler passenger and cargo vehicles was introduced in April 2022 by Mahindra Electric Mobility Limited, India based Mahindra & Mahindra Ltd’s subsidiary operating in Africa. A 395cm water-cooled engine that could provide 23.5 Nm of torque was used to propel the vehicle.

Launch of High-Performance Automobile Drive Market Growth

The launch of high-performance ICE three-wheelers considerably contributes to the Africa ICE three-wheeler market growth in the forecast period. These vehicles are becoming increasingly favorable owing to their stability for different sectors including goods delivery, transportation, and passenger services, specifically in densely populated locations in Africa. One of the key drivers of this growth is the growing requirement for low-cost and efficient transportation solutions. High-performance ICE three-wheelers offer higher load capacity, better fuel effectiveness, and improved durability compared to conventional two-wheelers, making them perfect for small and medium enterprises and other informal transport networks. In addition, rapid urbanization continues in African countries resulting in increased traffic congestion and limited public transportation infrastructure. High-performance ICE three-wheelers can navigate through congested streets easily coupled with offering a flexible mode of transport for both goods and passengers. Companies in the market are planning to launch new high-performance three-wheelers to address the growing demand of consumers of customers.

For instance, in March 2023, TVS Motors announced the launch of seven products, including a King three-wheeler, to address the rising demand for last-mile connectivity in Ghana.

Increase in Fuel Prices

In many countries in Africa, three-wheeler engines are primarily powered by gasoline, CNG or diesel. The region's three-wheeler sales had been adversely impacted due to the high cost of fuel in several countries. The cost of fuel has significantly increased during the last three years. Furthermore, it is projected that prices would rise soon further due to the increased demand and restricted supply of crude oil from Russia due to the sanctions imposed.

Post lifting of restrictions imposed due to the pandemic and rapid recovery in global economic activity, prices of crude oil is anticipated to rise over the near term. Higher taxes will cause oil prices to rise rapidly further. Sales of three-wheelers powered by gasoline/CNG and diesel are expected to suffer in the near future as a result of the oil price increase. Rising fuel costs are inadvertently driving users’ preference towards electric three-wheelers in the African region.

Increasing Popularity of Shared Mobility

Shared mobility services lessen traffic in urban areas and cut down on overall vehicle emissions. As a result, digitally enabled ride-hailing and car sharing efficiently manage transportation demands while also offering a convenient and sustainable alternative to owning a private vehicle. A single mobile app can manage the entire process of sharing and ride-hailing, from arranging a trip to making payments.

Ride-hailing services are anticipated to play a significant role in this market over the next few years by eliminating manual labour and lowering overall time and cost. The ICE Three-Wheeler Market in Africa is expected to grow because of this trend.

Impact of COVID-19 on Africa ICE Three-Wheeler Market

The COVID-19 caused a production standstill that hampered the sales of ICE three-wheeler market in Africa. The three-wheeler sector had been impacted by a mix of supply and demand concerns because most of the countries in and outside the African region had announced lockdown. Due to a unavailability of port infrastructure and workers, many three-wheeler manufacturing companies were unable to finish their export shipments nor import components. Additionally, even if some governments had not placed restrictions on the import and export of these goods, producers primarily concentrated on meeting domestic demand in order to reduce costs. These actions had severely disrupted import-export operations throughout Africa.

After experiencing the shocks due to COVID-19 induced lockdown, Africa’s economy is gradually recovering from the lows experienced in the first half of 2020. There is a significant rebound in supply & value chain operations, growth in demand and import & trade in automobile and transportation industry. Many manufacturers are showing interest in export of ICE three wheelers to the African regions as there is rising demand for shared mobility and also growing economic condition after COVID-19.

Impact of Russia-Ukraine War on Africa ICE Three-Wheeler Market

The Russia Ukraine war had adversely impacted Africa’s economic recovery from the shocks of COVID-19 pandemic. Rising fuel prices, disruption in trade of goods and components for automobile industry specially for two wheelers and three wheelers sector. Supply chain disruption affected the production of ICE three-wheeler market and also lowered the demand of ICE three-wheeler among consumers due to increased price of fuel and lower offtake of three wheelers by B2B sectors such as e-commerce and tourism.

Key Player Landscape and Outlook

Bajaj Auto Ltd., Piaggio & C. SpA., Yamaha Motor Company Limited, Mahindra & Mahindra Ltd., ATUL Auto Limited, Chongqing Zongshen Vehicle Co., Ltd. are some of the key players dominating ICE Three-wheeler market in Africa. To get a healthy return on their investment, these players are investing in several product innovations as included in the report. Additionally, significant competitors gain from advanced strategic actions like mergers, collaborations, and acquisitions by growing their client bases and their sales and distribution networks in the Africa ICE three-wheeler market. Bajaj Auto Limited introduced 14 ICE three-wheelers targeting commercial/B2B customers that complied with BS-6 norms in March 2020. Its several commercial three-wheeler models were offered in BS-VI technology under the Maxima, Maxima Cargo, and RE names. Additionally, the RE brand offered a 236 cc engine with fuel injection (FI) technology and three fuel choices, including CNG, LPG, and gasoline.
1. RESEARCH METHODOLOGY

2. PRODUCT OVERVIEW

3. EXECUTIVE SUMMARY

4. VOICE OF CUSTOMER

5. AFRICA ICE THREE-WHEELER MARKET OUTLOOK, 2018-2032F

5.1. Market Size & Forecast
  5.1.1. By Value
  5.1.2. By Volume
5.2. Market Share & Forecast
  5.2.1. By Fuel Type
    5.2.1.1. Petrol/Diesel
    5.2.1.2. CNG
  5.2.2. By Engine Capacity
    5.2.2.1. Less than 125cc
    5.2.2.2. 126-250cc
    5.2.2.3. 251-500cc
    5.2.2.4. 501cc and above
  5.2.3. By Application
    5.2.3.1. Private
    5.2.3.2. Commercial
      5.2.3.2.1. Service
      5.2.3.2.2. Industrial
  5.2.4. By Country
    5.2.4.1. South Africa
    5.2.4.2. Egypt
    5.2.4.3. Kenya
    5.2.4.4. Nigeria
    5.2.4.5. Algeria
    5.2.4.6. Tanzania
    5.2.4.7. Morocco
    5.2.4.8. Uganda
    5.2.4.9. Angola
    5.2.4.10. Ethopia

6. SOUTH AFRICA ICE THREE-WHEELER MARKET OUTLOOK, 2018-2032F

6.1. Market Size & Forecast
  6.1.1. By Value
  6.1.2. By Volume
6.2. Market Share & Forecast
  6.2.1. By Fuel Type
    6.2.1.1. Petrol/Diesel
    6.2.1.2. CNG
  6.2.2. By Engine Capacity
    6.2.2.1. Less than 125cc
    6.2.2.2. 126-250cc
    6.2.2.3. 251-500cc
    6.2.2.4. 501cc and above
  6.2.3. By Application
    6.2.3.1. Private
    6.2.3.2. Commercial
      6.2.3.2.1. Service
      6.2.3.2.2. Industrial

7. EGYPT ICE THREE-WHEELER MARKET OUTLOOK, 2018-2032F

7.1. Market Size & Forecast
  7.1.1. By Value
  7.1.2. By Volume
7.2. Market Share & Forecast
  7.2.1. By Fuel Type
    7.2.1.1. Petrol/Diesel
    7.2.1.2. CNG
  7.2.2. By Engine Capacity
    7.2.2.1. Less than 125cc
    7.2.2.2. 126-250cc
    7.2.2.3. 251-500cc
    7.2.2.4. 501cc and above
  7.2.3. By Application
    7.2.3.1. Private
    7.2.3.2. Commercial
      7.2.3.2.1. Service
      7.2.3.2.2. Industrial

8. KENYA ICE THREE-WHEELER MARKET OUTLOOK, 2018-2032F

8.1. Market Size & Forecast
  8.1.1. By Value
  8.1.2. By Volume
8.2. Market Share & Forecast
  8.2.1. By Fuel Type
    8.2.1.1. Petrol/Diesel
    8.2.1.2. CNG
  8.2.2. By Engine Capacity
    8.2.2.1. Less than 125cc
    8.2.2.2. 126-250cc
    8.2.2.3. 251-500cc
    8.2.2.4. 501cc and above
  8.2.3. By Application
    8.2.3.1. Private
    8.2.3.2. Commercial
      8.2.3.2.1. Service
      8.2.3.2.2. Industrial

9. NIGERIA ICE THREE-WHEELER MARKET OUTLOOK, 2018-2032F

9.1. Market Size & Forecast
  9.1.1. By Value
  9.1.2. By Volume
9.2. Market Share & Forecast
  9.2.1. By Fuel Type
    9.2.1.1. Petrol/Diesel
    9.2.1.2. CNG
  9.2.2. By Engine Capacity
    9.2.2.1. Less than 125cc
    9.2.2.2. 126-250cc
    9.2.2.3. 251-500cc
    9.2.2.4. 501cc and above
  9.2.3. By Application
    9.2.3.1. Private
    9.2.3.2. Commercial
      9.2.3.2.1. Service
      9.2.3.2.2. Industrial

10. ALGERIA ICE THREE-WHEELER MARKET OUTLOOK, 2018-2032F

10.1. Market Size & Forecast
  10.1.1. By Value
  10.1.2. By Volume
10.2. Market Share & Forecast
  10.2.1. By Fuel Type
    10.2.1.1. Petrol/Diesel
    10.2.1.2. CNG
  10.2.2. By Engine Capacity
    10.2.2.1. Less than 125cc
    10.2.2.2. 126-250cc
    10.2.2.3. 251-500cc
    10.2.2.4. 501cc and above
  10.2.3. By Application
    10.2.3.1. Private
    10.2.3.2. Commercial
      10.2.3.2.1. Service
      10.2.3.2.2. Industrial

11. TANZANIA ICE THREE-WHEELER MARKET OUTLOOK, 2018-2032F

11.1. Market Size & Forecast
  11.1.1. By Value
  11.1.2. By Volume
11.2. Market Share & Forecast
  11.2.1. By Fuel Type
    11.2.1.1. Petrol/Diesel
    11.2.1.2. CNG
  11.2.2. By Engine Capacity
    11.2.2.1. Less than 125cc
    11.2.2.2. 126-250cc
    11.2.2.3. 251-500cc
    11.2.2.4. 501cc and above
  11.2.3. By Application
    11.2.3.1. Private
    11.2.3.2. Commercial
      11.2.3.2.1. Service
      11.2.3.2.2. Industrial

12. MOROCCO ICE THREE-WHEELER MARKET OUTLOOK, 2018-2032F

12.1. Market Size & Forecast
  12.1.1. By Value
  12.1.2. By Volume
12.2. Market Share & Forecast
  12.2.1. By Fuel Type
    12.2.1.1. Petrol/Diesel
    12.2.1.2. CNG
  12.2.2. By Engine Capacity
    12.2.2.1. Less than 125cc
    12.2.2.2. 126-250cc
    12.2.2.3. 251-500cc
    12.2.2.4. 501cc and above
  12.2.3. By Application
    12.2.3.1. Private
    12.2.3.2. Commercial
      12.2.3.2.1. Service
      12.2.3.2.2. Industrial

13. UGANDA ICE THREE-WHEELER MARKET OUTLOOK, 2018-2032F

13.1. Market Size & Forecast
  13.1.1. By Value
  13.1.2. By Volume
13.2. Market Share & Forecast
  13.2.1. By Fuel Type
    13.2.1.1. Petrol/Diesel
    13.2.1.2. CNG
  13.2.2. By Engine Capacity
    13.2.2.1. Less than 125cc
    13.2.2.2. 126-250cc
    13.2.2.3. 251-500cc
    13.2.2.4. 501cc and above
  13.2.3. By Application
    13.2.3.1. Private
    13.2.3.2. Commercial
      13.2.3.2.1. Service
      13.2.3.2.2. Industrial

14. ANGOLA ICE THREE-WHEELER MARKET OUTLOOK, 2018-2032F

14.1. Market Size & Forecast
  14.1.1. By Value
  14.1.2. By Volume
14.2. Market Share & Forecast
  14.2.1. By Fuel Type
    14.2.1.1. Petrol/Diesel
    14.2.1.2. CNG
  14.2.2. By Engine Capacity
    14.2.2.1. Less than 125cc
    14.2.2.2. 126-250cc
    14.2.2.3. 251-500cc
    14.2.2.4. 501cc and above
  14.2.3. By Application
    14.2.3.1. Private
    14.2.3.2. Commercial
      14.2.3.2.1. Service
      14.2.3.2.2. Industrial

15. ETHOPIA ICE THREE-WHEELER MARKET OUTLOOK, 2018-2032F

15.1. Market Size & Forecast
  15.1.1. By Value
  15.1.2. By Volume
15.2. Market Share & Forecast
  15.2.1. By Fuel Type
    15.2.1.1. Petrol/Diesel
    15.2.1.2. CNG
  15.2.2. By Engine Capacity
    15.2.2.1. Less than 125cc
    15.2.2.2. 126-250cc
    15.2.2.3. 251-500cc
    15.2.2.4. 501cc and above
  15.2.3. By Application
    15.2.3.1. Private
    15.2.3.2. Commercial
      15.2.3.2.1. Service
      15.2.3.2.2. Industrial

16. AFRICA ICE TWO-WHEELER MARKET MAPPING, 2024

16.1. By Fuel Type
16.2. By Engine Capacity
16.3. By Application
16.4. By Region

17. MACRO-BUSINESS ENVIRONMENTAL SCOPE

17.1. Porter’s Five Forces Analysis
17.2. PESTEL Analysis
17.3. Value Chain Analysis
17.4. Pricing Point Analysis
17.5. Best Practice Case Studies by Market Leaders (Upto Three)

18. MARKET ANALYSIS

18.1. Growth Opportunities
18.2. Growth Inhibitors

19. KEY TRENDS & DEVELOPMENTS

20. KEY PLAYERS LANDSCAPE

20.1. SWOT Analysis of Top Five Market Leaders
  20.1.1. Core Competence and Key Value Proposition
  20.1.2. Areas of Improvement
  20.1.3. Untapped Scope of Business
  20.1.4. Market Value Proposed by Competitors
20.2. Competition Matrix of Market Leaders
20.3. Market Revenue Analysis of Market Leaders (in %, 2024)
20.4. Emerging Players and Substitutes (If Any)
20.5. Mergers & Acquisitions/ Joint Ventures (If Applicable)

21. KEY PLAYERS OUTLOOK

21.1. Bajaj Auto Ltd.
  21.1.1. Company Details
  21.1.2. Products & Services
  21.1.3. Financials (As reported)
  21.1.4. Key Market Focus & Geographical Presence
  21.1.5. Recent Developments
  21.1.6. Key Management Personnel
21.2. Piaggio & C. SpA
21.3. Yamaha Motor Company Limited
21.4. Mahindra & Mahindra Ltd.
21.5. ATUL Auto Limited
21.6. Chongqing Zongshen Vehicle Co., Ltd
21.7. Huaihai International Development Corporation
21.8. Ningbo Dowedo International Trade Co., Ltd.

22. STRATEGIC INSIGHTS & RECOMMENDATIONS

23. ABOUT US & DISCLAIMER


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