India three wheeler market is projected to exhibit a CAGR of more than 15% by 2023. Growing demand for three wheelers in the country is backed by their various advantages of three wheelers such as high fuel efficiency, easy manoeuvrability, rising demand for last mile connectivity and increasing population, especially across tier 1, tier 2 and tier 3 towns and cities. Moreover, new models launched by leading three wheeler companies is expected to aid the growth of India three wheeler market in the coming years.

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 market size of three wheelers.
  • To classify and forecast three wheeler market based on vehicle type, fuel type and region.
  • To identify drivers and challenges for India three wheeler market.
  • To identify and analyze the profiles of leading players involved in the manufacturing of three wheelers.


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Some of the major players operating in India three wheeler market are Bajaj Auto Limited, Piaggio & C. SpA, Mahindra & Mahindra Ltd., Atul Auto Limited, TVS Motor Company Limited, Saera Electric Auto Pvt. Ltd, Lohia Auto Industries, Scooters India Limited, Clean Motion and Kinetic Green Energy & Power Solutions Ltd.  

To perform the study, TechSci Research conducted primary as well as exhaustive secondary research. Initially, TechSci Research prepared an exhaustive list of three wheeler distributors and dealers operating in the country. 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 could include manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed product offerings, distribution channels, and regional presence of all major three wheeler companies operating across the country.

TechSci Research calculated the market size for India three wheeler market using a bottom-up technique, wherein the value service data for different vehicle type (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 SIAM, World Bank, company websites, company annual reports, white papers, investor presentations and financial reports were also studied by TechSci Research.   


Key Target Audience:

  • Three wheeler manufacturers, distributors and other stakeholders
  • Associations, organizations, forums and alliances related to 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 three wheeler manufacturers, distributors 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, India 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 Fuel Type
    • Diesel
    • Petrol/CNG
    • Electric
  • Market, by Region:
    • East
    • West
    • North
    • South
  • Market, by Company:
    • Bajaj Auto Limited
    • Piaggio & C. SpA.
    • Mahindra & Mahindra Ltd.
    •  TVS Motor Company Limited
    • Others

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in India 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 (up to five).
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.       Voice of Customer

4.1.    Factors Influencing Purchase Decision

4.2.    Influencer of Purchase

4.3.    Brand Switching Attributes 

4.4.    Brand Satisfaction Level

5.       India Three Wheeler Market Outlook

5.1.    Market Size & Forecast

5.1.1. By Value & Volume

5.2.    Market Share & Forecast

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

5.2.2. By Fuel Type (Diesel, Petrol/CNG & Electric)

5.2.3. By Company

5.2.4. By Region

5.2.5. Model-Wise Sales

6.       India Passenger Carrier Three Wheeler Market Outlook

6.1.    Market Size & Forecast

6.1.1. By Value & Volume

6.2.    Market Share & Forecast

6.2.1. By Seating Capacity

6.3.    India Wide-Body Three Wheeler Market Size & Forecast

6.4.    India City-Segment Three Wheeler Market Size & Forecast

7.       India Load Carrier Three Wheeler Market Outlook

7.1.    Market Size & Forecast

7.1.1. By Value & Volume

7.2.    Market Share & Forecast

7.2.1. By Load Capacity

8.       India Three Wheeler Export Analysis

9.       Market Dynamics

9.1.    Drivers

9.2.    Challenges

10.   Market Trends & Developments

11.   SWOT Analysis

12.   Policy & Regulatory Landscape

13.   India Economic Profile

14.   Competitive Landscape

14.1.   Bajaj Auto Limited

14.2.   Piaggio & C. SpA.

14.3.   Mahindra & Mahindra Ltd.

14.4.   Atul Auto Limited

14.5.   TVS Motor Company Limited

14.6.   Saera Electric Auto Pvt. Ltd

14.7.   Lohia Auto Industries

14.8.   Scooters India Limited

14.9.   Clean Motion

14.10.  Kinetic Green Energy & Power Solutions Ltd.

15. 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: India Three Wheeler Market - Factors Influencing Purchase Decision (N=75)

    Figure 2: India Three Wheeler Market – Influencer of Purchase (N=75)

    Figure 3:  Factors Prompting to Switch to New Brand (N=75)

    Figure 4: India Three Wheeler Market Brand Satisfaction Level (N=75)

    Figure 5: India Three Wheeler Market - Brand Satisfaction Level, By Pricing (N=75)

    Figure 6: India Three Wheeler Market - Brand Satisfaction Level, By Lifetime (N=75)

    Figure 7: India Three Wheeler Market - Brand Satisfaction Level, By Low Maintenance Cost (N=75)

    Figure 8: India Three Wheeler Market - Brand Satisfaction Level, By Fuel Efficiency (N=75)

    Figure 9: India Three Wheeler Market - Brand Satisfaction Level, By Dealer/Distributor Discount (N=75)

    Figure 10: India Three Wheeler Market - Brand Satisfaction Level, By Low Breakdown Frequency (N=75)

    Figure 11: India Three Wheeler Market - Brand Satisfaction Level, By Seating/Loading Capacity (N=75)

    Figure 12: India Three Wheeler Market - Brand Satisfaction Level, By Stability on Road (N=75)

    Figure 13: India Three Wheeler Market Size, By Value (USD Billion), By Volume (Thousand Units),

    2013-2023F

    Figure 14: India Three Wheeler Market Share, By Vehicle Type, By Volume, 2013-2023F

    Figure 15: India Three Wheeler Market Share, By Fuel Type, By Volume, 2013-2023F

    Figure 16: India Three Wheeler Market Share, By Company, By Volume, 2017 & 2023F

    Figure 17: India Three Wheeler Market Share, By Region, By Volume, 2017 & 2023F

    Figure 18: India Passenger Carrier Three Wheeler Market Size, By Value (USD Billion), By Volume (Thousand Units), 2013-2023F

    Figure 19: India Passenger Carrier Three Wheeler Market Share, By Seating Capacity, By Volume,

    2013-2023F

    Figure 20: India Wide-Body Three Wheeler Market Size, By Value (USD Billion), By Volume (Thousand Units), 2013-2023F

    Figure 21: India City-Segment Three Wheeler Market Size, By Value (USD Billion), By Volume

    (Thousand Units), 2013-2023F

    Figure 22: India Load Carrier Three Wheeler Market Size, By Value (USD Billion), By Volume

    (Thousand Units), 2013-2023F

    Figure 23: India Load Carrier Three Wheeler Market Share, By Load Capacity, By Volume, 2013-2023F

    Figure 24: Egypt Three Wheeler Exports, By Volume (Thousand Units), 2012-2016

    Figure 25: Nigeria Three Wheeler Exports, By Volume (Thousand Units), 2012-2016

    Figure 26: Sri Lanka Three Wheeler Exports, By Volume (Thousand Units), 2012-2016

    Figure 27: Djibouti Three Wheeler Exports, By Volume (Thousand Units), 2012-2016

    Figure 28: Bangladesh Three Wheeler Exports, By Volume (Thousand Units), 2012-2016

     

    List of Tables

     

    Table 1: India Three Wheeler Sales, By Model, 2013-2017 (Unit)