Report Description

APAC Electric Three Wheeler Market By Vehicle Type (Passenger Carrier & Load Carrier), By Battery Capacity (<101Ah & >101Ah), By Battery Type (Lead Acid & Lithium Ion), By Country, Competition Forecast & Opportunities, 2013-2023

  • Publish Date:September, 2018
  • Format : PDF
  • Pages : 98
  • Industry : Automotive

APAC electric three-wheeler market stood at $ 2.37 billion in 2017 and is projected to reach $ 6.77 billion by 2023, growing at a CAGR of more than 19% during 2018 - 2023. Growth in the market is expected to be driven by rising population, increasing fuel prices, and growing focus of the governments towards cleaner automobiles owing to rising pollution levels across the region. As electric three-wheelers offer several advantages such as high fuel efficiency and easy maneuverability, demand for these vehicles is anticipated to grow at a robust pace in APAC during the forecast period. Growing e-commerce industry and availability of financing options are some of the other key factors likely to positively influence the region’s electric three-wheeler market through 2023. 


Years considered for this report:

Historical Years: 2013-2016

Base Year: 2017

Estimated Year: 2018

Forecast Period: 2019–2023

Objective of the Study:

  • To analyze and forecast the APAC electric three-wheeler market size.
  • To classify and forecast APAC electric three-wheeler market on the basis of vehicle type, battery type, battery capacity and country.
  • To identify drivers and challenges for APAC electric three-wheeler market.
  • To identify market trends and developments in APAC electric three-wheeler market.
  • To identify and analyze the profile of leading players operating in APAC electric three-wheeler market.

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Few of the major companies operating in APAC electric three-wheeler market are ChongQing Zongshen Tricycle Manufacturing Co., Ltd., NINGBO DOWEDO INTERNATIONAL TRADE CO.,LTD, Xianghe Qiangsheng Electric Tricycle Factory, Hero Electric Vehicles Pvt Ltd., Terra Motors India Corp., Clean Motion, Lohia Auto Industries, Kinetic Green Energy & Power Solutions Ltd., Saera Electric Auto Pvt. Ltd, etc.

In order to perform the study, TechSci Research conducted primary as well as exhaustive secondary research. Initially, TechSci Research prepared an exhaustive list of electric three-wheeler companies operating in the region. Subsequently, TechSci Research conducted primary research surveys, which included primary calls, email responses, etc., with the identified companies. While interviewing, the respondents were also asked about their major competitors. Through this technique, TechSci Research was able to include electric three-wheeler manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed product offerings, distribution network, and regional presence of all major electric three-wheeler companies operating across the region.

TechSci Research calculated the APAC electric three-wheeler market size using a bottom-up technique, wherein the value service data for different vehicle types (Passenger Carrier & Load Carrier) was recorded as well as forecast for the future years. TechSci Research sourced these values from industry experts and company representatives, and externally validated through analyzing historical data of respective companies to arrive at the overall market size. Multiple secondary sources such as directories, databases such as World Bank, company websites, company annual reports, white papers, investor presentations and financial reports were also analyzed by TechSci Research.   

Key Target Audience:

  • Electric three-wheeler manufacturers, distributors and other stakeholders
  • Associations, organizations, forums and alliances related to electric three-wheeler industry
  • Government bodies such as regulating authorities and policymakers
  • Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for industry stakeholders such as electric three-wheeler manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years, thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.

Report Scope:

In this report, APAC electric three-wheeler market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Market, by Vehicle Type:
    • Passenger Carrier
    • Load Carrier
  • Market, by Battery Capacity:
    • <101Ah
    • >101Ah
  • Market, by Battery Type:
    • Lead Acid
    • Lithium Ion
  • Market, by Country:
    • China
    • India
    • Nepal
    • Indonesia
    • Philippines
    • Thailand
    • Pakistan
    • Sri Lanka
    • Bangladesh
    • Rest of APAC

Competitive Landscape

Company Profiles: Detailed analysis of the major companies operating in APAC electric three-wheeler market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players.
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