Report Detail
Three Wheeler Market to 2027 - Global Analysis and Forecasts by Type (Passenger Carrier, Goods Carrier); Fuel Type (Diesel, Petrol, CNG, LPG, Electric)
- RnM3946131 |
- 10 April, 2020 |
- Global |
- 141 Pages |
- The Insight Partners |
- Other
The global three-wheeler market was valued at US$ 9.14 billion in 2018 and is expected to grow at a CAGR of 4.9% during 2019–2027 to reach US$ 13.73 billion by 2027.
The developing economies are providing lucrative opportunities for international automotive manufacturers to expand their business, which would eventually lead to the introduction of three wheelers in the market. This would eventually propel the growth and adoption of three wheelers in these economies. The three-wheeler market is witnessing massive growth as a means of urban transport in India. Huge population and increasing demand for comparable urban mobility is driving the market for three wheelers in India. The three-wheeler market in APAC includes countries such as South Korea, India, China, Japan, Australia, and the Rest of APAC. The three-wheeler market for snowmobiles and touring motorcycles are expected to witness substantial growth in North American and Latin America during the forecast period. The prominent importers of three wheelers from Asian manufacturers are Northern Africa, ASEAN, and Latin America.
The massive populations of China and India along with increasing middle-class population and growing automotive sector in both the countries are the important factors leading to the adoption of three-wheeler vehicles in the region. Additionally, these countries are the hub for various local automakers, which are focusing on the development of three-wheeler vehicles, commonly known as auto-rickshaw/tuk-tuk. The presence of a large number of manufacturers in countries such as China and Japan has facilitated the rapid growth of the automotive industry in this region. Moreover, China is the largest producer of passenger cars across the globe, as well as also accounted for 90% of the global electric vehicle production in 2019. It has been noted that the adoption rate of e-rickshaw and e-scooters in these countries are relatively high compared to other regions in the world. The continuous economic growth in developed and developing countries, such as India and China, is making APAC a leading region for three-wheeler market.
The three-wheeler market is segmented into type, fuel type, and geography. Based on type, the three-wheeler market is segmented into passenger carrier and goods carrier. Based on fuel type, the three-wheeler market is segmented into diesel, petrol, CNG, LPG, and electric. Based on geography, the three-wheeler market is fragmented into North America, Europe, Asia Pacific, and the Rest of the World.
ATUL Auto Limited, Bajaj Auto Ltd, J.S. Auto (P) Ltd., Mahindra & Mahindra Ltd., Piaggio & C. SpA, Scooters India Ltd, Speego Vehicles Co Pvt Limited, Terra Motors, TVS Auto, and Xianghe Qiangsheng Electric Tricycle Factory are among the key players present in the global three-wheeler market.
The overall size of global three-wheeler market is analyzed using primary and secondary sources. The research process begins with extensive secondary research using internal and external sources to obtain qualitative and quantitative information related to the global three-wheeler market. It also provides an overview and forecast for the three-wheeler market based on all the segmentations provided for the global regions. Also, primary interviews were conducted with industry participants and commentators to validate and analyze the data. The participants who take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers, and external consultants such as valuation experts, research analysts, and key opinion leaders specialized in three wheelers.
TABLE OF CONTENTS
1. Introduction
- 1.1 Scope of the Study
- 1.2 The Insight Partners Research Report Guidance
- 1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
- 3.1 Coverage
- 3.2 Secondary Research
- 3.3 Primary Research
4. Three Wheeler - Market Landscape
- 4.1 Market Overview
- 4.2 PEST Analysis
- 4.2.1 Three Wheeler Market – North America PEST Analysis
- 4.2.2 Three Wheeler Market – Europe PEST Analysis
- 4.2.3 Three Wheeler Market – APAC PEST Analysis
- 4.2.4 Three Wheeler Market – RoW PEST Analysis
5. Three Wheeler Market – Key Industry Dynamics
- 5.1 Key Market Driver
- 5.1.1 Growing demand for eco-friendly three wheelers
- 5.1.2 Traffic Congestion
- 5.2 Key Market Restraint
- 5.2.1 Instability and lack of safety norms
- 5.3 Key Market Opportunity
- 5.3.1 Increasing adoption of three wheelers in Africa and South America
- 5.4 Future Trend
- 5.4.1 Increasing the Range Covered by Electric Three Wheeler Would Stimulate Market Growth
- 5.5 Impact Analysis of Drivers and Restraints
6. Three-Wheeler Market – Global Market Analysis
- 6.1 Overview
- 6.2 Global Three-Wheeler Market – Revenue and Forecast to 2027 (US$ Million)
- 6.3 Market Positioning – Five Key Players
7. Three-Wheeler Market – By Type
- 7.1 Overview
- 7.2 Three-Wheeler Market Breakdown, by Type (2018 and 2027)
- 7.3 Passenger Carrier
- 7.3.1 Overview
- 7.3.2 Passenger Carrier: Three-Wheeler Market – Revenue and Forecast to 2027 (US$ Million)
- 7.4 Goods Carrier
- 7.4.1 Overview
- 7.4.2 Goods Carrier: Three-Wheeler Market – Revenue and Forecast to 2027 (US$ Million)
8. Three-Wheeler Market – By Fuel Type
- 8.1 Overview
- 8.2 Three-Wheeler Market Breakdown, by Fuel Type (2018 and 2027)
- 8.3 Diesel
- 8.3.1 Overview
- 8.3.2 Diesel: Three-Wheeler Market – Revenue and Forecast to 2027 (US$ Million)
- 8.4 Petrol
- 8.4.1 Overview
- 8.4.2 Petrol: Three-Wheeler Market – Revenue and Forecast to 2027 (US$ Million)
- 8.5 CNG
- 8.5.1 Overview
- 8.5.2 CNG: Three-Wheeler Market – Revenue and Forecast to 2027 (US$ Million)
- 8.6 LPG
- 8.6.1 Overview
- 8.6.2 LPG: Three-Wheeler Market – Revenue and Forecast to 2027 (US$ Million)
- 8.7 Electric
- 8.7.1 Overview
- 8.7.2 Electric: Three-Wheeler Market – Revenue and Forecast to 2027 (US$ Million)
9. Global Three Wheeler Market – Geographic Analysis
- 9.1 Overview
- 9.2 North America: Three wheeler Market
- 9.2.1 Overview
- 9.2.2 North America: Three Wheeler Market – Revenue and Forecast to 2027 (US$ Mn)
- 9.2.3 North America: Three wheeler Market Revenue Share, by Type (2018 and 2027)
- 9.2.4 North America: Three wheeler Market, by Fuel Type, 2018 & 2027 (%)
- 9.2.5 North America: Three wheeler Market Revenue Share, by Country (2018 and 2027)
- 9.2.5.1 US: Three wheeler Market – Revenue and Forecast to 2027 (US$ Mn)
- 9.2.5.1.1 US: Three wheeler Market, by Type
- 9.2.5.1.2 US: Three wheeler Market, by Fuel Type
- 9.2.5.2 Canada: Three wheeler Market – Revenue and Forecast to 2027 (US$ Mn)
- 9.2.5.2.1 Canada: Three wheeler Market, by Type
- 9.2.5.2.2 Canada: Three wheeler Market, by Fuel Type
- 9.2.5.3 Mexico: Three Wheeler Market – Revenue and Forecast to 2027 (US$ Mn)
- 9.2.5.3.1 Mexico: Three wheeler Market, by Type
- 9.2.5.3.2 Mexico: Three wheeler Market, by Fuel Type
- 9.3 Europe Three Wheeler Market Revenue and Forecasts to 2027
- 9.3.1 Europe Three Wheeler Market Revenue and Forecasts to 2027 (US$ Mn)
- 9.3.2 Europe Three Wheeler Market Breakdown, By Type
- 9.3.3 Europe Three Wheeler Market Breakdown, By Fuel Type
- 9.3.4 Europe Three Wheeler Market Breakdown, By Key Country
- 9.3.4.1 Germany Three Wheeler Market Revenue and Forecasts to 2027 (US$ Mn)
- 9.3.4.1.1 Germany Three Wheeler Market Breakdown, By Type
- 9.3.4.1.2 Germany Three Wheeler Market Breakdown, By Fuel Type
- 9.3.4.2 France Three Wheeler Market Revenue and Forecasts to 2027 (US$ Mn)
- 9.3.4.2.1 France Three Wheeler Market Breakdown, By Type
- 9.3.4.2.2 France Three Wheeler Market Breakdown, By Fuel Type
- 9.3.4.3 Italy Three Wheeler Market Revenue and Forecasts to 2027 (US$ Mn)
- 9.3.4.3.1 Italy Three Wheeler Market Breakdown, By Types
- 9.3.4.3.2 Italy Three Wheeler Market Breakdown, By Fuel Type
- 9.3.4.4 UK Three Wheeler Market Revenue and Forecasts to 2027 (US$ Mn)
- 9.3.4.4.1 UK Three Wheeler Market Breakdown, By Type
- 9.3.4.4.2 UK Three Wheeler Market Breakdown, By Fuel Type
- 9.3.4.5 Russia Three Wheeler Market Revenue and Forecasts to 2027 (US$ Mn)
- 9.3.4.5.1 Russia Three Wheeler Market Breakdown, By Type
- 9.3.4.6 Rest of Europe Three Wheeler Market Revenue and Forecasts to 2027 (US$ Mn)
- 9.3.4.6.1 Rest of Europe Three Wheeler Market Breakdown, By Type
- 9.3.4.6.2 Rest of Europe Three Wheeler Market Breakdown, By Fuel Type
- 9.4 APAC: Three wheeler Market
- 9.4.1 Overview
- 9.4.2 APAC: Three wheeler Market – Revenue and Forecast to 2027 (US$ Mn)
- 9.4.3 APAC: Three Wheeler Market, by Type
- 9.4.4 APAC: Three wheeler Market, by Fuel Type
- 9.4.5 APAC: Three wheeler Market, by Key Country
- 9.4.5.1 Australia: Three wheeler Market – Revenue and Forecast to 2027 (US$ Mn)
- 9.4.5.1.1 Australia: Three wheeler Market, by Type
- 9.4.5.1.2 Australia: Three Wheeler Market, by Fuel Type
- 9.4.5.2 China: Three Wheeler Market – Revenue and Forecast to 2027 (US$ Mn)
- 9.4.5.2.1 China: Three wheeler Market, by Type
- 9.4.5.2.2 China: Three wheeler Market, by Fuel Type
- 9.4.5.3 Japan: Three wheeler Market – Revenue and Forecast to 2027 (US$ Mn)
- 9.4.5.3.1 Japan: Three wheeler Market, by Type
- 9.4.5.3.2 Japan: Three wheeler Market, by Fuel Type
- 9.4.5.4 India: Three wheeler Market – Revenue and Forecast to 2027 (US$ Mn)
- 9.4.5.4.1 India: Three wheeler Market, by Type
- 9.4.5.4.2 India: Three wheeler Market, by Fuel Type
- 9.4.5.5 South Korea: Three wheeler Market – Revenue and Forecast to 2027 (US$ Mn)
- 9.4.5.5.1 South Korea: Three wheeler Market, by Type
- 9.4.5.5.2 South Korea: Three wheeler Market, by Fuel Type
- 9.4.5.6 Rest of APAC: Three wheeler Market – Revenue and Forecast to 2027 (US$ Mn)
- 9.4.5.6.1 Rest of APAC: Three wheeler Market, by Type
- 9.4.5.6.2 Rest of APAC: Three wheeler Market, by Fuel Type
- 9.5 Rest of the World: Three wheeler Market, Revenue and Forecast to 2027
- 9.5.1 Overview
- 9.5.2 Rest of the World: Three wheeler Market – Revenue and Forecast to 2027 (US$ Mn)
- 9.5.3 Rest of the World: Three wheeler Market Revenue Share, by Type
- 9.5.4 Rest of the World: Three wheeler Market Revenue Share, by Fuel Type
- 9.5.5 Rest of the World: Three wheeler Market Revenue Share, by Country
- 9.5.5.1 Africa: Three wheeler Market – Revenue and Forecast to 2027 (US$ Mn)
- 9.5.5.1.1 Africa: Three wheeler Market Breakdown, by Type
- 9.5.5.1.2 Africa: Three wheeler Market Breakdown, by Fuel Type
- 9.5.5.2 Latin America: Three wheeler Market – Revenue and Forecast to 2027 (US$ Mn)
- 9.5.5.2.1 SAM: Three wheeler Market Breakdown, by Type
- 9.5.5.2.2 Latin America: Three wheeler Market Breakdown, by Fuel Type
10. Global Three Wheeler Market-Industry Landscape
- 10.1 Overview
- 10.2 Market Initiative
- 10.3 New Development
11. Company Profiles
- 11.1 ATUL Auto Limited
- 11.1.1 Key Facts
- 11.1.2 Business Description
- 11.1.3 Products and Services
- 11.1.4 Financial Overview
- 11.1.5 SWOT Analysis
- 11.1.6 Key Developments
- 11.2 Piaggio & C. SpA
- 11.2.1 Key Facts
- 11.2.2 Business Description
- 11.2.3 Products and Services
- 11.2.4 Financial Overview
- 11.2.5 SWOT Analysis
- 11.2.6 Key Developments
- 11.3 Bajaj Auto Ltd.
- 11.3.1 Key Facts
- 11.3.2 Business Description
- 11.3.3 Products and Services
- 11.3.4 Financial Overview
- 11.3.5 SWOT Analysis
- 11.3.6 Key Developments
- 11.4 J.S. AUTO (P) LTD.
- 11.4.1 Key Facts
- 11.4.2 Business Description
- 11.4.3 Products and Services
- 11.4.4 Financial Overview
- 11.4.5 SWOT Analysis
- 11.4.6 Key Developments
- 11.5 Speego Vehicles Co Pvt Limited
- 11.5.1 Key Facts
- 11.5.2 Business Description
- 11.5.3 Products and Services
- 11.5.4 Financial Overview
- 11.5.5 SWOT Analysis
- 11.5.6 Key Developments
- 11.6 Mahindra & Mahindra Ltd.
- 11.6.1 Key Facts
- 11.6.2 Business Description
- 11.6.3 Products and Services
- 11.6.4 Financial Overview
- 11.6.5 SWOT Analysis
- 11.6.6 Key Developments
- 11.7 Scooters India Limited
- 11.7.1 Key Facts
- 11.7.2 Business Description
- 11.7.3 Products and Services
- 11.7.4 Financial Overview
- 11.7.5 SWOT Analysis
- 11.7.6 Key Developments
- 11.8 TVS Motor Company
- 11.8.1 Key Facts
- 11.8.2 Business Description
- 11.8.3 Products and Services
- 11.8.4 Financial Overview
- 11.8.5 SWOT Analysis
- 11.8.6 Key Developments
- 11.9 Terra Motors Corporation
- 11.9.1 Key Facts
- 11.9.2 Business Description
- 11.9.3 Products and Services
- 11.9.4 Financial Overview
- 11.9.5 SWOT Analysis
- 11.9.6 Key Developments
- 11.10 Xianghe Qiangsheng Electric Tricycle Factory
- 11.10.1 Key Facts
- 11.10.2 Business Description
- 11.10.3 Products and Services
- 11.10.4 Financial Overview
- 11.10.5 SWOT Analysis
- 11.10.6 Key Developments
12. Appendix
- 12.1 About The Insight Partners
- 12.2 Glossary of Terms
Summary:
Get latest Market Research Reports on Three Wheeler . Industry analysis & Market Report on Three Wheeler is a syndicated market report, published as Three Wheeler Market to 2027 - Global Analysis and Forecasts by Type (Passenger Carrier, Goods Carrier); Fuel Type (Diesel, Petrol, CNG, LPG, Electric). It is complete Research Study and Industry Analysis of Three Wheeler market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.
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