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.
In case you don’t find what you are looking for, please get in touch with our custom research team at [email protected] 

In case you don’t find what you are looking for, please get in touch with our custom research team at [email protected]

1.       Product Overview

2.       Research Methodology

3.       Analyst View

4.       APAC Electric Three-Wheeler Market Outlook

4.1.    Market Size & Forecast

4.1.1.By Value & Volume

4.2.    Market Share & Forecast

4.2.1.By Vehicle Type (Passenger Carrier & Load Carrier)

4.2.2.By Battery Capacity (<101Ah & >101Ah)

4.2.3.By Battery Type (Lithium Ion & Lead Acid)

4.2.4.By Country

4.3.    Market Attractiveness Index (By Vehicle Type)

4.4.   China Electric Three-Wheeler Market Outlook

4.4.1.Market Size & Forecast

4.4.1.1.   By Value & Volume

4.4.2.Market Share & Forecast

4.4.2.1.   By Vehicle Type

4.4.2.2.   By Battery Capacity 

4.4.2.3.   By Battery Type 

4.4.3.Market Attractiveness Index (By Vehicle Type)

4.5.   Thailand Electric Three-Wheeler Market Outlook

4.5.1.Market Size & Forecast

4.5.1.1.   By Value & Volume

4.5.2.Market Share & Forecast

4.5.2.1.   By Vehicle Type

4.5.2.2.   By Battery Capacity 

4.5.2.3.   By Battery Type 

4.5.3.Market Attractiveness Index (By Vehicle Type)

4.6.   India Electric Three-Wheeler Market Outlook

4.6.1.Market Size & Forecast

4.6.1.1.   By Value & Volume

4.6.2.Market Share & Forecast

4.6.2.1.   By Vehicle Type

4.6.2.2.   By Battery Capacity 

4.6.2.3.   By Battery Type 

4.6.3.Market Attractiveness Index (By Vehicle Type)

4.7.   Bangladesh Electric Three-Wheeler Market Outlook

4.7.1.Market Size & Forecast

4.7.1.1.   By Value & Volume

4.7.2.Market Share & Forecast

4.7.2.1.   By Vehicle Type

4.7.2.2.   By Battery Capacity 

4.7.2.3.   By Battery Type 

4.7.3.Market Attractiveness Index (By Vehicle Type)

4.8.   Indonesia Electric Three-Wheeler Market Outlook

4.8.1.Market Size & Forecast

4.8.1.1.   By Value & Volume

4.8.2.Market Share & Forecast

4.8.2.1.   By Vehicle Type

4.8.2.2.   By Battery Capacity 

4.8.2.3.   By Battery Type 

4.8.3.Market Attractiveness Index (By Vehicle Type)

4.9.   Philippines Electric Three-Wheeler Market Outlook

4.9.1.Market Size & Forecast

4.9.1.1.   By Value & Volume

4.9.2.Market Share & Forecast

4.9.2.1.   By Vehicle Type

4.9.2.2.   By Battery Capacity 

4.9.2.3.   By Battery Type 

4.9.3.Market Attractiveness Index (By Vehicle Type)

4.10.  Nepal Electric Three-Wheeler Market Outlook

4.10.1.    Market Size & Forecast

4.10.1.1.    By Value & Volume

4.10.2.    Market Share & Forecast

4.10.2.1.    By Vehicle Type

4.10.2.2.    By Battery Capacity 

4.10.2.3.    By Battery Type 

4.10.3.    Market Attractiveness Index (By Vehicle Type)

4.11.  Pakistan Electric Three-Wheeler Market Outlook

4.11.1.    Market Size & Forecast

4.11.1.1.          By Value & Volume

4.11.2.    Market Share & Forecast

4.11.2.1.    By Vehicle Type

4.11.2.2.    By Battery Capacity 

4.11.2.3.    By Battery Type 

4.11.3.    Market Attractiveness Index (By Vehicle Type)

4.12.  Sri Lanka Electric Three-Wheeler Market Outlook

4.12.1.    Market Size & Forecast

4.12.1.1.    By Value & Volume

4.12.2.    Market Share & Forecast

4.12.2.1.    By Vehicle Type

4.12.2.2.    By Battery Capacity 

4.12.2.3.    By Battery Type 

4.12.3.    Market Attractiveness Index (By Vehicle Type)

5.       Market Dynamics

5.1.    Drivers

5.2.    Challenges

6.       Market Trends & Developments

7.       Competitive Landscape

7.1.    ChongQing Zongshen Tricycle Manufacturing Co., Ltd.

7.2.    NINGBO DOWEDO INTERNATIONAL TRADE CO.,LTD

7.3.    Xianghe Qiangsheng Electric Tricycle Factory

7.4.    Hero Electric Vehicles Pvt Ltd.

7.5.    Terra Motors India Corp.

7.6.    Clean Motion

7.7.    Lohia Auto Industries

7.8.    Kinetic Green Energy & Power Solutions Ltd.

7.9.    Saera Electric Auto Pvt. Ltd

8.       Strategic Recommendations

In case you don’t find what you are looking for, please get in touch with our custom research team at [email protected]

  • List of Figures

    Figure 1: APAC Electric Three-Wheeler Market Size, By Value (USD Billion), By Volume (Thousand Unit), 2013-2023F

    Figure 2: Asia-Pacific Access to Electricity (% of Population), 2012-2016

    Figure 3: APAC Electric Three-Wheeler Market Share, By Vehicle Type, By Volume, 2013-2023F

    Figure 4: Asia-Pacific GDP Per Capita (USD), 2013-2023F

    Figure 5: APAC Electric Three-Wheeler Market Share, By Battery Capacity, By Volume, 2013-2023F

    Figure 6: Asia-Pacific Population (Million), 2013-2023F

    Figure 7: APAC Electric Three-Wheeler Market Share, By Battery Type, By Volume, 2013-2023F

    Figure 8: Asia-Pacific GDP (USD Billion), 2013-2023F

    Figure 9: APAC Electric Three-Wheeler Market Share, By Country, By Volume, 2013-2023F

    Figure 10: APAC Electric Three-Wheeler Market Attractiveness Index, By Vehicle Type, By Volume, 2018E-2023F

    Figure 11: China Electric Three-Wheeler Market Size, By Value (USD Billion), By Volume (Thousand Unit), 2013-2023F

    Figure 12: China GDP Annual Growth Rate, 2013-2017

    Figure 13: China Electric Three-Wheeler Market Share, By Vehicle Type, By Volume, 2013-2023F

    Figure 14: China GDP Per Capita, 2012-2016

    Figure 15: China Electric Three-Wheeler Market Share, By Battery Capacity, By Volume, 2013-2023F

    Figure 16: China Population (Million), 2012-2016

    Figure 17: China Electric Three-Wheeler Market Share, By Battery Type, By Volume, 2013-2023F

    Figure 18: China Access to Electricity (% of Population), 2012-2016

    Figure 19: China Electric Three-Wheeler Market Attractiveness Index, By Vehicle Type, By Volume, 2018E-2023F

    Figure 20: Thailand Electric Three-Wheeler Market Size, By Value (USD Billion), By Volume (Thousand Unit), 2013-2023F

    Figure 21: Thailand GDP Per Capita (USD), 2012-2017

    Figure 22: Thailand Electric Three-Wheeler Market Share, By Vehicle Type, By Volume, 2013-2023F

    Figure 23: Thailand GDP (USD Billion), 2012-2017

    Figure 24: Thailand Electric Three-Wheeler Market Share, By Battery Capacity, By Volume, 2013-2023F

    Figure 25: Thailand Population (Million), 2012-2017

    Figure 26: Thailand Electric Three-Wheeler Market Share, By Battery Type, By Volume, 2013-2023F

    Figure 27: Thailand Access to Electricity (% of Population), 2012-2016

    Figure 28: Thailand Electric Three-Wheeler Market Attractiveness Index, By Vehicle Type, By Volume, 2018E-2023F

    Figure 29: India Electric Three-Wheeler Market Size, By Value (USD Billion), By Volume (Thousand Unit), 2013-2023F

    Figure 30: India GDP (USD Billion), 2012-2017

    Figure 31: India Electric Three-Wheeler Market Share, By Vehicle Type, By Volume, 2013-2023F

    Figure 32: India Access to Electricity (% of Population), 2012-2016

    Figure 33: India Electric Three-Wheeler Market Share, By Battery Capacity, By Volume, 2013-2023F

    Figure 34: India Population (Million), 2012-2017

    Figure 35: India Electric Three-Wheeler Market Share, By Battery Type, By Volume, 2013-2023F

    Figure 36: India Conventional Power Generation and Growth, FY2012-FY2018 

    Figure 37: India Electric Three-Wheeler Market Attractiveness Index, By Vehicle Type, By Volume, 2018E-2023F

    Figure 38: Bangladesh Electric Three-Wheeler Market Size, By Value (USD Billion), By Volume (Thousand Unit), 2013-2023F

    Figure 39: Bangladesh GDP (USD Billion), 2012-2017

    Figure 40: Bangladesh Electric Three-Wheeler Market Share, By Vehicle Type, By Volume, 2013-2023F

    Figure 41: Bangladesh GDP Per Capita (USD), 2012-2017

    Figure 42: Bangladesh Electric Three-Wheeler Market Share, By Battery Capacity, By Volume, 2013-2023F

    Figure 43: Bangladesh Population (Million), 2012-2017

    Figure 44: Bangladesh Electric Three-Wheeler Market Share, By Battery Type, By Volume, 2013-2023F

    Figure 45: Bangladesh Access to Electricity (% of Population), 2012-2016

    Figure 46: Bangladesh Electric Three-Wheeler Market Attractiveness Index, By Vehicle Type, By Volume, 2018E-2023F

    Figure 47: Indonesia Electric Three-Wheeler Market Size, By Value (USD Billion), By Volume (Thousand Units), 2013-2023F

    Figure 48: Indonesia GDP (USD Billion), 2012-2017

    Figure 49: Indonesia Electric Three-Wheeler Market Share, By Vehicle Type, By Volume, 2013-2023F

    Figure 50: Indonesia GDP Per Capita (USD), 2012-2017

    Figure 51: Indonesia Electric Three-Wheeler Market Share, By Battery Capacity, By Volume, 2013-2023F

    Figure 52: Indonesia Population (Million), 2012-2017

    Figure 53: Indonesia Electric Three-Wheeler Market Share, By Battery Type, By Volume, 2013-2023F

    Figure 54: Indonesia Access to Electricity (% of Population), 2012-2016

    Figure 55: Indonesia Electric Three-Wheeler Market Attractiveness Index, By Vehicle Type, By Volume, 2018E-2023F

    Figure 56: Philippines Electric Three-Wheeler Market Size, By Value (USD Billion), By Volume (Thousand Unit), 2013-2023F

    Figure 57: Philippines GDP (USD Billion), 2012-2017

    Figure 58: Philippines Electric Three-Wheeler Market Share, By Vehicle Type, By Volume, 2013-2023F

    Figure 59: Philippines GDP Per Capita (USD), 2012-2017

    Figure 60: Philippines Electric Three-Wheeler Market Share, By Battery Capacity, By Volume, 2013-2023F

    Figure 61: Philippines Population (Million), 2012-2017

    Figure 62: Philippines Electric Three-Wheeler Market Share, By Battery Type, By Volume, 2013-2023F

    Figure 63: Philippines Access to Electricity (% of Population), 2012-2016

    Figure 64: Philippines Electric Three-Wheeler Market Attractiveness Index, By Vehicle Type, By Volume, 2018E-2023F

    Figure 65: Nepal Electric Three-Wheeler Market Size, By Value (USD Billion), By Volume (Thousand Unit), 2013-2023F

    Figure 66: Nepal GDP (USD Billion), 2012-2017

    Figure 67: Nepal Electric Three-Wheeler Market Share, By Vehicle Type, By Volume, 2013-2023F

    Figure 68: Nepal Population (Million), 2012-2017

    Figure 69: Nepal Electric Three-Wheeler Market Share, By Battery Capacity, By Volume, 2013-2023F

    Figure 70: Nepal Population (Million), 2012-2017

    Figure 71: Nepal Electric Three-Wheeler Market Share, By Battery Type, By Volume, 2013-2023F

    Figure 72: Nepal Access to Electricity (% of Population), 2012-2016

    Figure 73: Nepal Electric Three-Wheeler Market Attractiveness Index, By Vehicle Type, By Volume, 2018E-2023F

    Figure 74: Pakistan Electric Three-Wheeler Market Size, By Value (USD Billion), By Volume (Thousand Unit), 2013-2023F

    Figure 75: Pakistan GDP (USD Billion), 2012-2017

    Figure 76: Pakistan Electric Three-Wheeler Market Share, By Vehicle Type, By Volume, 2013-2023F

    Figure 77: Pakistan Population (Million), 2012-2017

    Figure 78: Pakistan Electric Three-Wheeler Market Share, By Battery Capacity, By Volume, 2013-2023F

    Figure 79: Pakistan Population (Million), 2012-2017

    Figure 80: Pakistan Electric Three-Wheeler Market Share, By Battery Type, By Volume, 2013-2023F

    Figure 81: Pakistan Access to Electricity (% of Population), 2012-2016

    Figure 82: Pakistan Electric Three-Wheeler Market Attractiveness Index, By Vehicle Type, By Volume, 2018E-2023F

    Figure 83: Sri Lanka Electric Three-Wheeler Market Size, By Value (USD Billion), By Volume (Thousand Unit), 2013-2023F

    Figure 84: Sri Lanka GDP (USD Billion), 2012-2017

    Figure 85: Sri Lanka Electric Three-Wheeler Market Share, By Vehicle Type, By Volume, 2013-2023F

    Figure 86: Sri Lanka Population (Million), 2012-2017

    Figure 87: Sri Lanka Electric Three-Wheeler Market Share, By Battery Capacity, By Volume, 2013-2023F

    Figure 88: Sri Lanka Population (Million), 2012-2017

    Figure 89: Sri Lanka Electric Three-Wheeler Market Share, By Battery Type, By Volume, 2013-2023F

    Figure 90: Sri Lanka Access to Electricity (% of Population), 2012-2016

    Figure 91: Sri Lanka Electric Three-Wheeler Market Attractiveness Index, By Vehicle Type, By Volume, 2018E-2023F