1 INTRODUCTION 19
1.1 OBJECTIVES OF THE STUDY 19
1.2 MARKET DEFINITION 19
1.2.1 ASIA PACIFIC ELECTRIC 3-WHEELER MARKET, BY END-USE 20
1.2.2 ASIA PACIFIC ELECTRIC 3-WHEELER MARKET, BY BATTERY TYPE 20
1.3 ASIA PACIFIC ELECTRIC 3-WHEELER MARKET: INCLUSIONS AND EXCLUSIONS 21
1.4 MARKET SCOPE 22
1.4.1 MARKETS COVERED 23
FIGURE 1 MARKET SEGMENTATION 23
1.4.2 YEARS CONSIDERED 23
1.5 PACKAGE SIZE 24
1.6 STAKEHOLDERS 24
1.7 SUMMARY OF CHANGES 25
2 RESEARCH METHODOLOGY 26
2.1 RESEARCH DATA 26
FIGURE 2 ASIA PACIFIC ELECTRIC 3-WHEELER MARKET: RESEARCH DESIGN 26
2.1.1 SECONDARY DATA 27
2.1.1.1 Key data from secondary sources 27
2.1.2 PRIMARY DATA 28
2.1.2.1 Key data from primary sources 28
2.1.2.2 List of participating companies for primary research 29
2.1.2.3 Key industry insights 29
2.1.2.4 Breakdown of primary interviews 30
FIGURE 3 BREAKDOWN OF PRIMARY INTERVIEWS, BY COMPANY, DESIGNATION,
AND COUNTRY 30
2.2 MARKET SIZE ESTIMATION 30
FIGURE 4 MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH 31
FIGURE 5 MARKET SIZE ESTIMATION: TOP-DOWN APPROACH 31
2.3 FACTOR ANALYSIS 32
2.3.1 FACTOR ANALYSIS FOR MARKET SIZING: DEMAND AND SUPPLY SIDES 32
2.4 DATA TRIANGULATION 33
FIGURE 6 MARKET BREAKDOWN AND DATA TRIANGULATION 33
2.5 ASSUMPTIONS 34
2.6 RISK ASSESSMENT 35
2.7 RESEARCH LIMITATIONS 35
3 EXECUTIVE SUMMARY 36
FIGURE 7 ASIA PACIFIC ELECTRIC 3-WHEELER MARKET: MARKET DYNAMICS 37
TABLE 1 INDIA: ELECTRIC 3-WHEELER SALES DATA, 2019-2021 38
FIGURE 8 ASIA PACIFIC ELECTRIC 3-WHEELER MARKET, BY COUNTRY,
2022–2027 (UNITS) 38
FIGURE 9 BY END-USE, PASSENGER CARRIER SEGMENT PROJECTED TO LEAD MARKET DURING FORECAST PERIOD 39
4 PREMIUM INSIGHTS 40
4.1 ATTRACTIVE OPPORTUNITIES IN ASIA PACIFIC ELECTRIC 3-WHEELER MARKET 40
FIGURE 10 ADOPTION OF EFFICIENT AND EMISSION-FREE VEHICLES TO DRIVE MARKET 40
4.2 ASIA PACIFIC ELECTRIC 3-WHEELER MARKET, BY MOTOR POWER 40
FIGURE 11 1,000-1,500 W SEGMENT EXPECTED TO LEAD MARKET
FROM 2022 TO 2027 (UNITS) 40
4.3 ASIA PACIFIC ELECTRIC 3-WHEELER MARKET, BY BATTERY TYPE 41
FIGURE 12 LEAD-ACID BATTERY SEGMENT EXPECTED TO LEAD MARKET
FROM 2022 TO 2027 (UNITS) 41
4.4 ASIA PACIFIC ELECTRIC 3-WHEELER MARKET, BY RANGE 41
FIGURE 13 UP TO 50 MILES SEGMENT EXPECTED TO LEAD MARKET
FROM 2022 TO 2027 (UNITS) 41
4.5 ASIA PACIFIC ELECTRIC 3-WHEELER MARKET, BY BATTERY CAPACITY 42
FIGURE 14 3-6 KWH SEGMENT EXPECTED TO LEAD MARKET
FROM 2022 TO 2027 (UNITS) 42
4.6 ASIA PACIFIC ELECTRIC 3-WHEELER MARKET, BY END-USE 42
FIGURE 15 PASSENGER CARRIER SEGMENT EXPECTED TO LEAD MARKET
FROM 2022 TO 2027 (UNITS) 42
4.7 ASIA PACIFIC ELECTRIC 3-WHEELER MARKET, BY PAYLOAD CAPACITY 43
FIGURE 16 300-500 KG SEGMENT EXPECTED TO LEAD MARKET
FROM 2022 TO 2027 (UNITS) 43
4.8 ASIA PACIFIC ELECTRIC 3-WHEELER MARKET, BY COUNTRY 43
FIGURE 17 INDIA ESTIMATED TO BE LARGEST MARKET IN 2022 43
5 MARKET OVERVIEW 44
5.1 INTRODUCTION 44
TABLE 2 ASIA PACIFIC ELECTRIC 3-WHEELER MARKET: IMPACT OF MARKET DYNAMICS 45
5.2 MARKET DYNAMICS 46
FIGURE 18 ASIA PACIFIC ELECTRIC 3-WHEELER MARKET: MARKET DYNAMICS 46
5.2.1 DRIVERS 46
5.2.1.1 Low operating and maintenance costs 46
5.2.1.2 Government incentives and subsidies 47
TABLE 3 INDIA: GOVERNMENT INCENTIVES, BY STATE 47
TABLE 4 GOVERNMENT INCENTIVES, BY COUNTRY 49
5.2.1.3 Advancements in battery technology coupled with reducing prices 49
FIGURE 19 PRICE OF EV BATTERY PER KWH 50
5.2.1.4 Established market for 3-wheelers in urban transportation 51
5.2.2 RESTRAINTS 51
5.2.2.1 Lack of charging infrastructure 51
TABLE 5 INDIA: SPECIFICATIONS OF CHARGING INFRASTRUCTURE 52
5.2.2.2 Limited power output and vehicle range 52
TABLE 6 ELECTRIC 3-WHEELER RANGE 52
5.2.3 OPPORTUNITIES 53
5.2.3.1 Government support to promote electric 3-wheeler sales 53
TABLE 7 GOVERNMENT EV POLICY, BY COUNTRY 53
5.2.3.2 Stringent emission norms and environmental regulations 54
TABLE 8 KEY COUNTRIES: EMISSION REGULATION SPECIFICATIONS OVERVIEW,
BY FUEL TYPE, 2016–2021 54
5.2.3.3 New revenue pockets in Asia Pacific 55
5.2.4 CHALLENGES 55
5.2.4.1 Limited battery capacity 55
TABLE 9 BATTERY CAPACITIES OF POPULAR ELECTRIC 3-WHEELER MODELS 56
5.2.4.2 High initial investments 56
FIGURE 20 AVERAGE TOTAL COST OF CONVENTIONAL VS ELECTRIC 3-WHEELERS (2022) 56
5.2.4.3 Lack of compatibility, interchangeability, and standardization 57
5.3 PORTER’S FIVE FORCES ANALYSIS 57
FIGURE 21 PORTER’S FIVE FORCES ANALYSIS: ASIA PACIFIC ELECTRIC 3-WHEELER MARKET 58
TABLE 10 PORTER’S FIVE FORCES ANALYSIS 58
5.3.1 INTENSITY OF COMPETITIVE RIVALRY 59
5.3.2 THREAT OF NEW ENTRANTS 59
5.3.3 THREAT OF SUBSTITUTES 59
5.3.4 BARGAINING POWER OF SUPPLIERS 59
5.3.5 BARGAINING POWER OF BUYERS 59
5.4 MACROECONOMIC INDICATORS 60
5.4.1 GDP TRENDS AND FORECAST FOR MAJOR ASIA PACIFIC ECONOMIES 60
TABLE 11 GDP TRENDS AND FORECAST, BY MAJOR ASIA PACIFIC ECONOMIES,
2018–2026 (USD BILLION) 60
5.5 CASE STUDIES 60
5.5.1 ELECTRIC 3-WHEELER LOGISTICS FLEET OPERATION WITH CAPTIVE PLUG-IN CHARGING 60
5.5.2 ELECTRIC 3-WHEELER LOGISTICS FLEET OPERATION WITH BATTERY SWAPPING 61
5.6 TRENDS AND DISRUPTIONS 61
FIGURE 22 SHIFT OF FOCUS TOWARDS ELECTRIC 3-WHEELERS 61
5.7 REGULATORY OVERVIEW 62
5.7.1 INDIA 62
TABLE 12 INDIA REGULATORY FRAMEWORK: DIFFERENCE BETWEEN ROLE OF
E-RICKSHAW AND ELECTRIC AUTO RICKSHAW 62
5.7.2 CHINA 63
5.8 TECHNOLOGY OVERVIEW 63
5.8.1 BATTERY SWAPPING IN ELECTRIC 3-WHEELERS 63
5.8.2 IOT IN ELECTRIC 3-WHEELERS 64
5.8.3 REGENERATIVE BRAKING SYSTEMS 64
5.8.4 SMART CHARGING SYSTEMS 65
5.9 KEY STAKEHOLDERS & BUYING CRITERIA 65
5.9.1 KEY STAKEHOLDERS IN BUYING PROCESS 66
TABLE 13 INFLUENCE OF INSTITUTIONAL BUYERS (COMMERCIAL USAGE) IN BUYING ELECTRIC 3-WHEELERS 66
5.9.2 BUYING CRITERIA 66
5.9.2.1 Passenger carrier 66
5.9.2.2 Load carrier 66
5.10 DETAILED LIST OF CONFERENCES AND EVENTS 67
TABLE 14 ASIA PACIFIC ELECTRIC 3-WHEELER MARKET: DETAILED LIST OF CONFERENCES AND EVENTS 67
5.11 LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 67
TABLE 15 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS 67
5.12 ECOSYSTEM ANALYSIS 69
FIGURE 23 ASIA PACIFIC ELECTRIC 3-WHEELER MARKET: ECOSYSTEM ANALYSIS 69
5.12.1 OEMS 69
5.12.2 RAW MATERIAL SUPPLIERS 69
5.12.3 BATTERY MANUFACTURERS 70
5.12.4 CHARGING INFRASTRUCTURE PROVIDERS 70
5.13 SUPPLY CHAIN ANALYSIS 70
TABLE 16 ASIA PACIFIC ELECTRIC 3-WHEELER MARKET: SUPPLY CHAIN 70
FIGURE 24 ASIA PACIFIC ELECTRIC 3-WHEELER MARKET: SUPPLY CHAIN ANALYSIS 71
5.13.1 RAW MATERIAL SUPPLIERS 71
5.13.2 COMPONENT MANUFACTURERS 72
5.13.3 OEMS 72
5.13.4 END-USERS 72
5.14 AVERAGE SELLING PRICE 72
TABLE 17 OEM ELECTRIC 3-WHEELER PRICING ANALYSIS (USD) 73
FIGURE 25 LITHIUM-ION BATTERY PRICING ANALYSIS (USD/KWH) 73
5.15 PATENT ANALYSIS 74
TABLE 18 PATENT ANALYSIS: ASIA PACIFIC ELECTRIC 3-WHEELER MARKET (ACTIVE PATENTS) 74
5.16 SCENARIO ANALYSIS (2022–2027) 77
5.16.1 ASIA PACIFIC ELECTRIC 3-WHEELER MARKET: MOST LIKELY SCENARIO 77
TABLE 19 ASIA PACIFIC ELECTRIC 3-WHEELER MARKET: MOST LIKELY SCENARIO,
BY COUNTRY, 2022–2027 (UNITS) 77
5.16.2 ASIA PACIFIC ELECTRIC 3-WHEELER MARKET: OPTIMISTIC SCENARIO 77
TABLE 20 ASIA PACIFIC ELECTRIC 3-WHEELER MARKET: OPTIMISTIC SCENARIO,
BY COUNTRY, 2022–2027 (UNITS) 78
5.16.3 ASIA PACIFIC ELECTRIC 3-WHEELER MARKET: PESSIMISTIC SCENARIO 78
TABLE 21 ASIA PACIFIC ELECTRIC 3-WHEELER MARKET: PESSIMISTIC SCENARIO,
BY COUNTRY, 2022–2027 (UNITS) 78
5.17 TRADE/SALES DATA 79
5.17.1 INDIA 79
TABLE 22 ICE 3-WHEELER PRODUCTION IN INDIA (THOUSAND UNITS) 79
5.18 3-WHEELER EXPORT DATA 79
5.18.1 INDIA 79
TABLE 23 3-WHEELER EXPORT (THOUSAND UNITS) 79
6 ASIA PACIFIC ELECTRIC 3-WHEELER MARKET, BY BATTERY CAPACITY 80
6.1 INTRODUCTION 81
FIGURE 26 BY BATTERY CAPACITY, 3-6 KWH SEGMENT ESTIMATED TO ACCOUNT FOR LARGEST MARKET SIZE IN 2022 81
TABLE 24 ASIA PACIFIC ELECTRIC 3-WHEELER MARKET, BY BATTERY CAPACITY,
2018–2021 (UNITS) 82
TABLE 25 ASIA PACIFIC ELECTRIC 3-WHEELER MARKET, BY BATTERY CAPACITY,
2022–2027 (UNITS) 82
6.1.1 OPERATIONAL DATA 83
TABLE 26 ELECTRIC 3-WHEELER MODELS WITH BATTERY CAPACITY 83
6.1.2 ASSUMPTIONS 83
6.1.3 RESEARCH METHODOLOGY 83
6.2 BELOW 3 KWH 84
6.2.1 DEMAND FOR AFFORDABLE TRANSPORTATION TO DRIVE SEGMENT 84
6.3 3–6 KWH 84
6.3.1 INCREASING DEMAND IN INTRACITY TRAVEL TO DRIVE SEGMENT 84
6.4 ABOVE 6 KWH 85
6.4.1 ADOPTION OF LOAD CARRIERS BY LOGISTIC COMPANIES TO DRIVE SEGMENT 85
6.5 KEY PRIMARY INSIGHTS 85
FIGURE 27 KEY PRIMARY INSIGHTS 85
7 ASIA PACIFIC ELECTRIC 3-WHEELER MARKET, BY RANGE 86
7.1 INTRODUCTION 87
FIGURE 28 ABOVE 50 MILES SEGMENT PROJECTED TO REGISTER HIGHER CAGR DURING FORECAST PERIOD 87
TABLE 27 ASIA PACIFIC ELECTRIC 3-WHEELER MARKET, BY RANGE,
2018–2021 (UNITS) 88
TABLE 28 ASIA PACIFIC ELECTRIC 3-WHEELER MARKET, BY RANGE,
2022–2027 (UNITS) 88
7.1.1 OPERATIONAL DATA 88
TABLE 29 ASIA PACIFIC ELECTRIC 3-WHEELER MODELS, BY RANGE 88
7.1.2 ASSUMPTIONS 89
TABLE 30 ASSUMPTIONS: BY RANGE 89
7.1.3 RESEARCH METHODOLOGY 89
7.2 UP TO 50 MILES 89
7.2.1 DEMAND FOR AFFORDABLE ELECTRIC 3-WHEELERS TO DRIVE SEGMENT 89
TABLE 31 UP TO 50 MILES: ASIA PACIFIC ELECTRIC 3-WHEELER MARKET, BY COUNTRY, 2018–2021 (UNITS) 90
TABLE 32 UP TO 50 MILES: ASIA PACIFIC ELECTRIC 3-WHEELER MARKET, BY COUNTRY, 2022–2027 (UNITS) 90
7.3 ABOVE 50 MILES 91
7.3.1 INCREASING BATTERY ENERGY DENSITY TO DRIVE SEGMENT 91
TABLE 33 ABOVE 50 MILES: ASIA PACIFIC ELECTRIC 3-WHEELER MARKET,
BY COUNTRY, 2018–2021 (UNITS) 91
TABLE 34 ABOVE 50 MILES: ASIA PACIFIC ELECTRIC 3-WHEELER MARKET,
BY COUNTRY, 2022–2027 (UNITS) 92
7.4 KEY PRIMARY INSIGHTS 92
FIGURE 29 KEY PRIMARY INSIGHTS 92
8 ASIA PACIFIC ELECTRIC 3-WHEELER MARKET, BY END-USE 93
8.1 INTRODUCTION 94
FIGURE 30 LOAD CARRIER SEGMENT PROJECTED TO REGISTER HIGHER CAGR DURING FORECAST PERIOD 94
TABLE 35 ASIA PACIFIC ELECTRIC 3-WHEELER MARKET, BY END-USE,
2018–2021 (UNITS) 95
TABLE 36 ASIA PACIFIC ELECTRIC 3-WHEELER MARKET, BY END-USE,
2022–2027 (UNITS) 95
8.1.1 OPERATIONAL DATA 96
TABLE 37 TOP-SELLING ELECTRIC 3-WHEELER MODELS, BY END-USE 96
8.1.2 ASSUMPTIONS 96
TABLE 38 ASSUMPTIONS: BY END-USE 96
8.1.3 RESEARCH METHODOLOGY 96
8.2 PASSENGER CARRIER 97
8.2.1 NEED FOR LOWER EMISSIONS AND OPERATIONAL COSTS TO DRIVE SEGMENT 97
TABLE 39 PASSENGER CARRIER: ASIA PACIFIC ELECTRIC 3-WHEELER MARKET,
BY COUNTRY, 2018–2021 (UNITS) 97
TABLE 40 PASSENGER CARRIER: ASIA PACIFIC ELECTRIC 3-WHEELER MARKET,
BY COUNTRY, 2022–2027 (UNITS) 98
8.3 LOAD CARRIER 98
8.3.1 GROWING ADOPTION BY LOGISTICS COMPANIES TO DRIVE SEGMENT 98
TABLE 41 LOAD CARRIER: ASIA PACIFIC ELECTRIC 3-WHEELER MARKET, BY COUNTRY, 2018–2021 (UNITS) 99
TABLE 42 LOAD CARRIER: ASIA PACIFIC ELECTRIC 3-WHEELER MARKET, BY COUNTRY, 2022–2027 (UNITS) 99
8.4 KEY PRIMARY INSIGHTS 100
FIGURE 31 KEY PRIMARY INSIGHTS 100
9 ASIA PACIFIC ELECTRIC 3-WHEELER MARKET, BY MOTOR POWER 101
9.1 INTRODUCTION 102
FIGURE 32 1,000–1,500 W SEGMENT EXPECTED TO GARNER LARGEST MARKET SHARE DURING FORECAST PERIOD 102
TABLE 43 ASIA PACIFIC ELECTRIC 3-WHEELER MARKET, BY MOTOR POWER,
2018–2021 (UNITS) 102
TABLE 44 ASIA PACIFIC ELECTRIC 3-WHEELER MARKET, BY MOTOR POWER,
2022–2027 (UNITS) 103
9.1.1 OPERATIONAL DATA 103
TABLE 45 POPULAR ELECTRIC 3-WHEELER MODELS, BY MOTOR POWER 103
FIGURE 33 ELECTRIC 3-WHEELER POWERTRAIN ARCHITECTURE 104
TABLE 46 FACTORS DECIDING MOTOR POWER OF ELECTRIC 3-WHEELERS 104
9.1.2 ASSUMPTIONS 105
TABLE 47 ASSUMPTIONS: BY MOTOR POWER 105
9.1.3 RESEARCH METHODOLOGY 105
9.2 BELOW 1,000 W 105
9.2.1 RISING DEMAND FOR ENERGY-EFFICIENT MODES OF COMMUTING TO BOOST SEGMENT 105
TABLE 48 BELOW 1,000 W: ASIA PACIFIC ELECTRIC 3-WHEELER MARKET, BY COUNTRY, 2018–2021 (UNITS) 106
TABLE 49 BELOW 1,000 W: ASIA PACIFIC ELECTRIC 3-WHEELER MARKET, BY COUNTRY, 2022–2027 (UNITS) 106
9.3 1,000–1,500 W 107
9.3.1 MOTOR POWER OF 1000–1,500 W MORE FEASIBLE FOR ELECTRIC 3-WHEELER APPLICATIONS 107
TABLE 50 1,000–1,500 W: ASIA PACIFIC ELECTRIC 3-WHEELER MARKET, BY COUNTRY, 2018–2021 (UNITS) 107
TABLE 51 1,000–1,500 W: ASIA PACIFIC ELECTRIC 3-WHEELER MARKET, BY COUNTRY, 2022–2027 (UNITS) 108
9.4 ABOVE 1,500 W 108
9.4.1 ELECTRIC 3-WHEELERS WITH ABOVE 1,500 W MOTOR PROVIDE BOTH DISTRIBUTION AND CONSUMER DELIVERY SERVICES 108
TABLE 52 ABOVE 1,500 W: ASIA PACIFIC ELECTRIC 3-WHEELER MARKET, BY COUNTRY, 2018–2021 (UNITS) 109
TABLE 53 ABOVE 1,500 W: ASIA PACIFIC ELECTRIC 3-WHEELER MARKET, BY COUNTRY, 2022–2027 (UNITS) 109
9.5 KEY PRIMARY INSIGHTS 110
FIGURE 34 KEY PRIMARY INSIGHTS 110
10 ASIA PACIFIC ELECTRIC 3-WHEELER MARKET, BY BATTERY TYPE 111
10.1 INTRODUCTION 112
FIGURE 35 BY BATTERY TYPE, LITHIUM-ION BATTERY SEGMENT PROJECTED TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 112
TABLE 54 ASIA PACIFIC ELECTRIC 3-WHEELER MARKET, BY BATTERY TYPE,
2018–2021 (UNITS) 113
TABLE 55 ASIA PACIFIC ELECTRIC 3-WHEELER MARKET, BY BATTERY TYPE,
2022–2027 (UNITS) 113
10.1.1 OPERATIONAL DATA 114
TABLE 56 ELECTRIC 3-WHEELER MODELS WITH BATTERY TYPE 114
10.1.2 ASSUMPTIONS 114
TABLE 57 ASSUMPTIONS: BY BATTERY TYPE 114
10.1.3 RESEARCH METHODOLOGY 115
TABLE 58 MARKET SHARE: TOP ELECTRIC VEHICLE BATTERY MANUFACTURERS (2021) 115
10.2 LEAD-ACID BATTERY 115
10.2.1 HIGH ADOPTION OF LEAD-ACID BATTERIES DUE TO LOW COST TO DRIVE MARKET 115
10.3 LITHIUM-ION BATTERY 116
10.3.1 HIGH ENERGY DENSITY OF LITHIUM-ION BATTERIES DRIVING THEIR DEMAND 116
10.4 OTHERS 117
10.4.1 LOWER MANUFACTURING COSTS TO DRIVE MARKET FOR OTHER BATTERY SEGMENTS 117
TABLE 59 LIST OF BATTERY MANUFACTURERS, BY BATTERY TYPE 118
10.5 KEY PRIMARY INSIGHTS 118
FIGURE 36 KEY PRIMARY INSIGHTS 118
11 ASIA PACIFIC ELECTRIC 3-WHEELER MARKET, BY PAYLOAD CAPACITY 119
11.1 INTRODUCTION 120
FIGURE 37 300–500 KG SEGMENT ESTIMATED TO LEAD MARKET DURING FORECAST PERIOD 120
TABLE 60 ASIA PACIFIC ELECTRIC 3-WHEELER MARKET, BY PAYLOAD CAPACITY,
2018–2021 (UNITS) 120
TABLE 61 ASIA PACIFIC ELECTRIC 3-WHEELER MARKET, BY PAYLOAD CAPACITY,
2022–2027 (UNITS) 121
TABLE 62 INDIA ELECTRIC 3-WHEELER MARKET, BY PAYLOAD CAPACITY,
2018–2021 (UNITS) 121
TABLE 63 INDIA ELECTRIC 3-WHEELER MARKET, BY PAYLOAD CAPACITY,
2022–2027 (UNITS) 121
11.1.1 OPERATIONAL DATA 122
TABLE 64 POPULAR ELECTRIC 3-WHEELER MODELS, BY PAYLOAD CAPACITY 122
11.1.2 ASSUMPTIONS 122
TABLE 65 ASSUMPTIONS: BY PAYLOAD CAPACITY 122
11.1.3 RESEARCH METHODOLOGY 123
11.2 UP TO 300 KG 123
11.2.1 RISING DEMAND FOR AFFORDABLE ELECTRIC 3-WHEELERS DRIVES MARKET 123
11.3 300–500 KG 123
11.3.1 ELECTRIC 3-WHEELERS WITH 300–500 KG PAYLOAD CAPACITY GENERALLY USED FOR LAST-MILE DELIVERY 123
11.4 ABOVE 500 KG 124
11.4.1 ELECTRIC 3-WHEELERS WITH ABOVE 500 KG PAYLOAD CAPACITY USED FOR LONG-DISTANCE TRANSPORTATION AND LOGISTICS 124
11.5 KEY PRIMARY INSIGHTS 124
FIGURE 38 KEY PRIMARY INSIGHTS 124
12 ASIA PACIFIC ELECTRIC 3-WHEELER MARKET, BY COUNTRY 125
12.1 INTRODUCTION 126
FIGURE 39 INDIA ESTIMATED TO ACCOUNT FOR LARGEST MARKET SHARE IN 2022 127
FIGURE 40 INDIA EXPECTED TO LEAD MARKET DURING FORECAST PERIOD 127
TABLE 66 ASIA PACIFIC ELECTRIC 3-WHEELER MARKET, BY COUNTRY,
2018–2021 (UNITS) 128
TABLE 67 ASIA PACIFIC ELECTRIC 3-WHEELER MARKET, BY COUNTRY,
2022–2027 (UNITS) 128
12.1.1 INDIA 129
12.1.1.1 Increasing trend of last-mile delivery to boost market 129
TABLE 68 INDIA: GOVERNMENT SUBSIDIES & INCENTIVES, BY STATE 129
TABLE 69 COMPANIES ADOPTING ELECTRIC 3-WHEELER LOAD CARRIERS 131
TABLE 70 DEVELOPMENTS REGARDING BATTERY SWAPPING STATIONS 132
TABLE 71 INDIA: TOP SELLING OEMS IN ELECTRIC 3-WHEELER MARKET 133
TABLE 72 INDIA: ELECTRIC 3-WHEELER MARKET, BY PAYLOAD CAPACITY,
2018–2021 (UNITS) 134
TABLE 73 INDIA: ELECTRIC 3-WHEELER MARKET, BY PAYLOAD CAPACITY,
2022–2027 (UNITS) 134
TABLE 74 INDIA: ELECTRIC 3-WHEELER MARKET, BY END-USE, 2018–2021 (UNITS) 134
TABLE 75 INDIA: ELECTRIC 3-WHEELER MARKET, BY END-USE, 2022–2027 (UNITS) 134
TABLE 76 INDIA: ELECTRIC 3-WHEELER MARKET, BY MOTOR POWER,
2018–2021 (UNITS) 135
TABLE 77 INDIA: ELECTRIC 3-WHEELER MARKET, BY MOTOR POWER,
2022–2027 (UNITS) 135
TABLE 78 INDIA: ELECTRIC 3-WHEELER MARKET, BY RANGE, 2018–2021 (UNITS) 135
TABLE 79 INDIA: ELECTRIC 3-WHEELER MARKET, BY RANGE, 2022–2027 (UNITS) 135
12.1.2 JAPAN 136
12.1.2.1 Stringent emission standards in Japan to drive market 136
TABLE 80 JAPAN: TARGET FOR ADOPTION OF ELECTRIC VEHICLES 137
TABLE 81 JAPAN: ELECTRIC 3-WHEELER MARKET, BY END-USE, 2018–2021 (UNITS) 137
TABLE 82 JAPAN: ELECTRIC 3-WHEELER MARKET, BY END-USE, 2022–2027 (UNITS) 137
TABLE 83 JAPAN: ELECTRIC 3-WHEELER MARKET, BY MOTOR POWER,
2018–2021 (UNITS) 137
TABLE 84 JAPAN: ELECTRIC 3-WHEELER MARKET, BY MOTOR POWER,
2022–2027 (UNITS) 138
TABLE 85 JAPAN: ELECTRIC 3-WHEELER MARKET, BY RANGE, 2018–2021 (UNITS) 138
TABLE 86 JAPAN: ELECTRIC 3-WHEELER MARKET, BY RANGE, 2022–2027 (UNITS) 138
12.1.3 THAILAND 139
12.1.3.1 Increasing demand for lower maintenance 3-wheelers to drive market 139
TABLE 87 THAILAND: TARGET FOR ELECTRIC VEHICLE ADOPTION (2021-2030) 139
TABLE 88 THAILAND: ELECTRIC 3-WHEELER MARKET, BY END-USE,
2018–2021 (UNITS) 139
TABLE 89 THAILAND: ELECTRIC 3-WHEELER MARKET, BY END-USE,
2022–2027 (UNITS) 140
TABLE 90 THAILAND: ELECTRIC 3-WHEELER MARKET, BY MOTOR POWER,
2018–2021 (UNITS) 140
TABLE 91 THAILAND: ELECTRIC 3-WHEELER MARKET, BY MOTOR POWER,
2022–2027 (UNITS) 140
TABLE 92 THAILAND: ELECTRIC 3-WHEELER MARKET, BY RANGE, 2018–2021 (UNITS) 140
TABLE 93 THAILAND: ELECTRIC 3-WHEELER MARKET, BY RANGE, 2022–2027 (UNITS) 141
12.1.4 BANGLADESH 141
12.1.4.1 Favorable government policies to drive market 141
TABLE 94 BANGLADESH: ELECTRIC 3-WHEELER DEVELOPMENTS 142
TABLE 95 BANGLADESH: ELECTRIC 3-WHEELER MARKET, BY END-USE,
2018–2021 (UNITS) 142
TABLE 96 BANGLADESH: ELECTRIC 3-WHEELER MARKET, BY END-USE,
2022–2027 (UNITS) 142
TABLE 97 BANGLADESH: ELECTRIC 3-WHEELER MARKET, BY MOTOR POWER,
2018–2021 (UNITS) 143
TABLE 98 BANGLADESH: ELECTRIC 3-WHEELER MARKET, BY MOTOR POWER,
2022–2027 (UNITS) 143
TABLE 99 BANGLADESH: ELECTRIC 3-WHEELER MARKET, BY RANGE,
2018–2021 (UNITS) 143
TABLE 100 BANGLADESH: ELECTRIC 3-WHEELER MARKET, BY RANGE,
2022–2027 (UNITS) 143
12.1.5 NEPAL 144
12.1.5.1 Developments in charging infrastructure to drive market 144
TABLE 101 NEPAL: POLICY FOR ADOPTION OF ELECTRIC VEHICLES 144
TABLE 102 NEPAL: ELECTRIC 3-WHEELER MARKET, BY END-USE, 2018–2021 (UNITS) 145
TABLE 103 NEPAL: ELECTRIC 3-WHEELER MARKET, BY END-USE, 2022–2027 (UNITS) 145
TABLE 104 NEPAL: ELECTRIC 3-WHEELER MARKET, BY MOTOR POWER,
2018–2021 (UNITS) 145
TABLE 105 NEPAL: ELECTRIC 3-WHEELER MARKET, BY MOTOR POWER,
2022–2027 (UNITS) 145
TABLE 106 NEPAL: ELECTRIC 3-WHEELER MARKET, BY RANGE, 2018–2021 (UNITS) 146
TABLE 107 NEPAL: ELECTRIC 3-WHEELER MARKET, BY RANGE, 2022–2027 (UNITS) 146
12.1.6 SRI LANKA 147
12.1.6.1 Growing demand from tourism industry to drive market 147
TABLE 108 SRI LANKA: LITHIUM-ION BATTERY IMPORTERS, 2021 147
TABLE 109 SRI LANKA: ELECTRIC 3-WHEELER MARKET, BY END-USE,
2018–2021 (UNITS) 147
TABLE 110 SRI LANKA: ELECTRIC 3-WHEELER MARKET, BY END-USE,
2022–2027 (UNITS) 148
TABLE 111 SRI LANKA: ELECTRIC 3-WHEELER MARKET, BY MOTOR POWER,
2018–2021 (UNITS) 148
TABLE 112 SRI LANKA: ELECTRIC 3-WHEELER MARKET, BY MOTOR POWER,
2022–2027 (UNITS) 148
TABLE 113 SRI LANKA: ELECTRIC 3-WHEELER MARKET, BY RANGE, 2018–2021 (UNITS) 148
TABLE 114 SRI LANKA: ELECTRIC 3-WHEELER MARKET, BY RANGE, 2022–2027 (UNITS) 149
12.1.7 INDONESIA 149
12.1.7.1 Reduction of import duties on components to drive market 149
TABLE 115 INDONESIA: POLICY FOR ADOPTION OF ELECTRIC VEHICLES 150
TABLE 116 INDONESIA: ELECTRIC 3-WHEELER MARKET, BY END-USE,
2018–2021 (UNITS) 150
TABLE 117 INDONESIA: ELECTRIC 3-WHEELER MARKET, BY END-USE,
2022–2027 (UNITS) 150
TABLE 118 INDONESIA: ELECTRIC 3-WHEELER MARKET, BY MOTOR POWER,
2018–2021 (UNITS) 150
TABLE 119 INDONESIA: ELECTRIC 3-WHEELER MARKET, BY MOTOR POWER,
2022–2027 (UNITS) 151
TABLE 120 INDONESIA: ELECTRIC 3-WHEELER MARKET, BY RANGE, 2018–2021 (UNITS) 151
TABLE 121 INDONESIA: ELECTRIC 3-WHEELER MARKET, BY RANGE, 2022–2027 (UNITS) 151
12.1.8 PHILIPPINES 152
12.1.8.1 Adoption of electric 3-wheelers in major business districts and urban areas to drive market 152
TABLE 122 PHILIPPINES: TARGET FOR ELECTRIC VEHICLES 152
TABLE 123 PHILIPPINES: ELECTRIC 3-WHEELER MARKET, BY END-USE,
2018–2021 (UNITS) 152
TABLE 124 PHILIPPINES: ELECTRIC 3-WHEELER MARKET, BY END-USE,
2022–2027 (UNITS) 152
TABLE 125 PHILIPPINES: ELECTRIC 3-WHEELER MARKET, BY MOTOR POWER,
2018–2021 (UNITS) 153
TABLE 126 PHILIPPINES: ELECTRIC 3-WHEELER MARKET, BY MOTOR POWER,
2022–2027 (UNITS) 153
TABLE 127 PHILIPPINES: ELECTRIC 3-WHEELER MARKET, BY RANGE,
2018–2021 (UNITS) 153
TABLE 128 PHILIPPINES: ELECTRIC 3-WHEELER MARKET, BY RANGE,
2022–2027 (UNITS) 153
12.1.9 VIETNAM 154
12.1.9.1 Favorable government policies for electric vehicles to drive market 154
TABLE 129 VIETNAM: ELECTRIC 3-WHEELER MANUFACTURERS 154
12.1.10 CHINA 154
12.1.10.1 Government mandates for electric vehicle manufacturers to drive electric 3-wheeler market 154
TABLE 130 CHINA: ELECTRIC VEHICLE BATTERY MANUFACTURERS 155
12.1.11 SINGAPORE 156
12.1.11.1 Increasing charging infrastructure to drive market 156
TABLE 131 SINGAPORE: TARGET FOR ELECTRIC VEHICLES 156
13 COMPETITIVE LANDSCAPE 157
13.1 OVERVIEW 157
13.2 MARKET SHARE ANALYSIS FOR ASIA PACIFIC ELECTRIC 3-WHEELER MARKET 157
TABLE 132 MARKET SHARE ANALYSIS, 2021 157
FIGURE 41 MARKET SHARE ANALYSIS, 2021 158
13.2.1 MAHINDRA & MAHINDRA LTD. 158
13.2.2 ATUL AUTO LTD. 159
13.2.3 PIAGGIO GROUP 159
13.2.4 LOHIA AUTO INDUSTRIES 159
13.2.5 KINETIC ENGINEERING LIMITED 159
13.3 KEY PLAYER STRATEGIES 160
TABLE 133 OVERVIEW OF STRATEGIES ADOPTED BY PLAYERS IN ASIA PACIFIC ELECTRIC 3-WHEELER MARKET 160
13.4 REVENUE ANALYSIS OF TOP LISTED/PUBLIC PLAYERS 161
FIGURE 42 TOP PUBLIC/LISTED PLAYERS DOMINATING ASIA PACIFIC ELECTRIC 3-WHEELER MARKET DURING LAST FIVE YEARS 161
13.5 COMPETITIVE SCENARIO 161
13.5.1 NEW PRODUCT LAUNCHES 162
TABLE 134 NEW PRODUCT LAUNCHES, 2018-2022 162
13.5.2 DEALS 163
TABLE 135 DEALS, 2018–2022 163
13.6 COMPANY EVALUATION QUADRANT 163
13.6.1 STARS 164
13.6.2 EMERGING LEADERS 164
13.6.3 PERVASIVE 164
13.6.4 PARTICIPANTS 164
FIGURE 43 ASIA PACIFIC ELECTRIC 3-WHEELER MARKET: COMPANY EVALUATION QUADRANT, 2021 165
TABLE 136 ASIA PACIFIC ELECTRIC 3-WHEELER MARKET: COMPANY FOOTPRINT, 2021 166
TABLE 137 ASIA PACIFIC ELECTRIC 3-WHEELER MARKET: PRODUCT FOOTPRINT, 2021 166
TABLE 138 ASIA PACIFIC ELECTRIC 3-WHEELER MARKET: COUNTRY FOOTPRINT, 2021 167
13.7 START-UP/SME EVALUATION QUADRANT 167
13.7.1 PROGRESSIVE COMPANIES 167
13.7.2 RESPONSIVE COMPANIES 167
13.7.3 DYNAMIC COMPANIES 167
13.7.4 STARTING BLOCKS 168
FIGURE 44 ASIA PACIFIC ELECTRIC 3-WHEELER MARKET: START-UP/SME EVALUATION QUADRANT, 2021 168
TABLE 139 ASIA PACIFIC ELECTRIC 3-WHEELER MARKET: DETAILED LIST OF KEY START-UPS/SMES 169
TABLE 140 ASIA PACIFIC ELECTRIC 3-WHEELER MARKET: COMPETITIVE BENCHMARKING OF KEY PLAYERS [START-UPS/SMES] 170
13.8 RIGHT TO WIN, 2018-2022 171
TABLE 141 WINNERS VS. TAIL-ENDERS 171
14 COMPANY PROFILES 172
(Business overview, Products offered, Recent developments & MnM View)*
14.1 KEY PLAYERS 172
14.1.1 MAHINDRA & MAHINDRA LTD. 172
TABLE 142 MAHINDRA & MAHINDRA LTD.: BUSINESS OVERVIEW 172
FIGURE 45 MAHINDRA & MAHINDRA LTD.: COMPANY SNAPSHOT 173
FIGURE 46 MAHINDRA & MAHINDRA LTD.: MANUFACTURING PLANTS IN INDIA 174
TABLE 143 MAHINDRA & MAHINDRA LTD.: PRODUCTS OFFERED 174
TABLE 144 MAHINDRA & MAHINDRA LTD.: NEW PRODUCT DEVELOPMENTS 175
TABLE 145 MAHINDRA & MAHINDRA LTD: DEALS 175
14.1.2 ATUL AUTO LTD. 177
TABLE 146 ATUL AUTO LTD.: BUSINESS OVERVIEW 177
FIGURE 47 ATUL AUTO LTD.: COMPANY SNAPSHOT 178
TABLE 147 ATUL AUTO LTD.: PRODUCTS OFFERED 178
TABLE 148 ATUL AUTO LTD.: DEALS 179
TABLE 149 ATUL AUTO LTD.: OTHERS 179
14.1.3 PIAGGIO GROUP 181
TABLE 150 PIAGGIO GROUP: BUSINESS OVERVIEW 181
FIGURE 48 PIAGGIO GROUP: COMPANY SNAPSHOT 182
FIGURE 49 PIAGGIO GROUP: WORKFORCE DISTRIBUTION 182
TABLE 151 PIAGGIO GROUP: PRODUCTS OFFERED 183
TABLE 152 PIAGGIO GROUP: NEW PRODUCT DEVELOPMENTS 183
TABLE 153 PIAGGIO GROUP: DEALS 184
14.1.4 LOHIA AUTO INDUSTRIES 186
TABLE 154 LOHIA AUTO INDUSTRIES: BUSINESS OVERVIEW 186
TABLE 155 LOHIA AUTO INDUSTRIES: PRODUCTS OFFERED 186
TABLE 156 LOHIA AUTO INDUSTRIES: NEW PRODUCT DEVELOPMENTS 187
14.1.5 KINETIC ENGINEERING LIMITED 189
TABLE 157 KINETIC ENGINEERING LIMITED: BUSINESS OVERVIEW 189
FIGURE 50 KINETIC ENGINEERING LIMITED: COMPANY SNAPSHOT 189
TABLE 158 KINETIC ENGINEERING LIMITED: PRODUCTS OFFERED 190
TABLE 159 KINETIC ENGINEERING LIMITED: NEW PRODUCT DEVELOPMENTS 190
TABLE 160 KINETIC ENGINEERING LIMITED: DEALS 191
TABLE 161 KINETIC ENGINEERING LIMITED: OTHERS 191
14.1.6 JIANGSU JINPENG GROUP CO., LTD. 193
TABLE 162 JIANGSU JINPENG GROUP CO., LTD.: BUSINESS OVERVIEW 193
TABLE 163 JIANGSU JINPENG GROUP CO., LTD.: PRODUCTS OFFERED 193
TABLE 164 JIANGSU JINPENG GROUP CO., LTD.: DEALS 194
TABLE 165 JIANGSU JINPENG GROUP CO., LTD.: OTHERS 194
14.1.7 SKYRIDE AUTOMOTIVE 195
TABLE 166 SKYRIDE AUTOMOTIVE: BUSINESS OVERVIEW 195
TABLE 167 SKYRIDE AUTOMOTIVE: PRODUCTS OFFERED 195
14.1.8 SHADO GROUP INTERNATIONAL PTE. LTD. 197
TABLE 168 SHADO GROUP INTERNATIONAL PTE. LTD.: BUSINESS OVERVIEW 197
TABLE 169 SHADO GROUP INTERNATIONAL PTE. LTD.: PRODUCTS OFFERED 197
TABLE 170 SHADO GROUP INTERNATIONAL PTE. LTD.: NEW PRODUCT DEVELOPMENTS 198
TABLE 171 SHADO GROUP INTERNATIONAL PTE. LTD.: OTHERS 198
14.1.9 BEEVATECH LIMITED 199
TABLE 172 BEEVATECH LIMITED: BUSINESS OVERVIEW 199
TABLE 173 BEEVATECH LIMITED: PRODUCTS OFFERED 199
14.1.10 SL MOBILITY 200
TABLE 174 SL MOBILITY: BUSINESS OVERVIEW 200
TABLE 175 SL MOBILITY: PRODUCTS OFFERED 200
*Details on Business overview, Products offered, Recent developments & MnM View might not be captured in case of unlisted companies.
14.2 OTHER PLAYERS 201
14.2.1 TERRA MOTORS CORPORATION 201
14.2.2 CHANGZHOU YUFENG VEHICLE CO., LTD. 201
14.2.3 XIANGHE QIANGSHENG ELECTRIC TRICYCLE FACTORY 202
14.2.4 JIANGSU EAST YONSLAND VEHICLE MANUFACTURING CO., LTD. 202
14.2.5 ELECTRIC VEHICLES (THAILAND) CO., LTD. 203
14.2.6 PROZZA HIROSE MANUFACTURING INC. 203
14.2.7 BAJAJ AUTO 204
14.2.8 GAYAM MOTOR WORKS PRIVATE LIMITED 204
14.2.9 BEMAC CORPORATION 205
14.2.10 SPEEGO VEHICLES CO. PVT. LIMITED 205
14.2.11 OMEGA SEIKI PRIVATE LIMITED 206
14.2.12 KSL CLEANTECH LIMITED 206
14.2.13 ALTIGREEN 207
14.2.14 GREEN SHUTTLE TECHNOLOGY PVT. LTD. 207
14.2.15 KAWAOKA MACHINERY AND ELECTRIC (NANTONG) CO., LTD. 208
15 RECOMMENDATIONS BY MARKETSANDMARKETS 209
15.1 INDIA IS KEY FOCUS MARKET FOR ELECTRIC 3-WHEELERS 209
15.2 INCREASING POPULATION AND DEMAND FOR SHARED MOBILITY TO DRIVE PASSENGER CARRIER SEGMENT 209
15.3 CONCLUSION 210
16 APPENDIX 211
16.1 KEY INSIGHTS FROM INDUSTRY EXPERTS 211
16.2 DISCUSSION GUIDE 211
16.3 KNOWLEDGE STORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL 214
16.4 AVAILABLE CUSTOMIZATIONS 216
16.5 RELATED REPORTS 216
16.6 AUTHOR DETAILS 217
Asia Pacific Electric 3-Wheeler Market by End-use (Passenger & Load), Range (Upto 50 Miles & Above 50 Miles), Battery type (Lead Acid & Lithium ion), Battery Capacity (Below 3kWh, 3-6kWh, Above 6kWh), Motor Power, Payload Capacity - Forecast to 2027電動三輪自動車のアジア太平洋市場予測（～2027）：乗客、貨物 |
◆タイトル：Asia Pacific Electric 3-Wheeler Market by End-use (Passenger & Load), Range (Upto 50 Miles & Above 50 Miles), Battery type (Lead Acid & Lithium ion), Battery Capacity (Below 3kWh, 3-6kWh, Above 6kWh), Motor Power, Payload Capacity - Forecast to 2027
◆商品コード：AT7860-22
◆調査・発行会社：MarketsandMarkets
◆発行日：2022年6月23日
◆ページ数：218
◆レポート形式：PDF / 英語
◆納品方法：Eメール（受注後24時間以内）
◆調査対象地域：アジア太平洋
◆産業分野：自動車
◆販売価格オプション（消費税別）
※販売価格オプションの説明はこちらで、ご利用ガイドはこちらでご確認いただけます。
※お支払金額は「換算金額（日本円）＋消費税＋配送料（Eメール納品は無料）」です。
※Eメールによる納品の場合、通常ご注文当日～2日以内に納品致します。
※商品の納品後、納品日＋5日以内に請求書を発行し、お客様宛に郵送いたしますので、請求書発行日より2ヶ月以内に銀行振込にて支払をお願いします。（振込先：三菱東京UFJ銀行/京橋支店/H&Iグローバルリサーチ株式会社）
※上記の日本語題名はH&Iグローバルリサーチが翻訳したものです。英語版原本には日本語表記はありません。
※為替レートは適宜修正・更新しております。リアルタイム更新ではありません。
※ご購入後、レポートに記載の英語表現や単語の意味に関しましては無料でお答えいたします。（但し、対応範囲は弊社で判断）
※弊社H&Iグローバルリサーチ株式会社はMarketsandMarketsの日本における正規販売代理店です。
【レポートの概要】
◆商品コード：AT7860-22
◆調査・発行会社：MarketsandMarkets
◆発行日：2022年6月23日
◆ページ数：218
◆レポート形式：PDF / 英語
◆納品方法：Eメール（受注後24時間以内）
◆調査対象地域：アジア太平洋
◆産業分野：自動車
◆販売価格オプション（消費税別）
| Single User（1名様閲覧） | USD4,950 ⇒換算￥0 | 見積依頼/購入/質問フォーム |
| Multi User (Five User) | USD6,650 ⇒換算￥0 | 見積依頼/購入/質問フォーム |
| Corporate License (全社内共有可) | USD8,150 ⇒換算￥0 | 見積依頼/購入/質問フォーム |
※お支払金額は「換算金額（日本円）＋消費税＋配送料（Eメール納品は無料）」です。
※Eメールによる納品の場合、通常ご注文当日～2日以内に納品致します。
※商品の納品後、納品日＋5日以内に請求書を発行し、お客様宛に郵送いたしますので、請求書発行日より2ヶ月以内に銀行振込にて支払をお願いします。（振込先：三菱東京UFJ銀行/京橋支店/H&Iグローバルリサーチ株式会社）
※上記の日本語題名はH&Iグローバルリサーチが翻訳したものです。英語版原本には日本語表記はありません。
※為替レートは適宜修正・更新しております。リアルタイム更新ではありません。
※ご購入後、レポートに記載の英語表現や単語の意味に関しましては無料でお答えいたします。（但し、対応範囲は弊社で判断）
※弊社H&Iグローバルリサーチ株式会社はMarketsandMarketsの日本における正規販売代理店です。
【レポートの概要】
| マーケッツアンドマーケッツ社は、アジア太平洋の電動三輪自動車市場が、2022年272.7千台から2027年702.1千台まで年平均20.8％成長すると予測しています。本調査資料では、電動三輪自動車のアジア太平洋市場について総合的に調査・分析し、イントロダクション、調査手法、エグゼクティブサマリー、プレミアムインサイト、市場概要、バッテリー容量別分析、走行距離別分析、最終用途別分析、モーター出力別分析、バッテリー種類別分析、積載量別分析、国別分析、競争状況、企業情報などの内容をまとめております。 |
“Asia Pacific electric 3-wheeler market is estimated to be 272.7 thousand units in 2022 and is projected to grow to 702.1 thousand units by 2027, at a CAGR of 20.8% during the forecast period.”
“Low operating and maintenance cost to drive the electric 3-wheeler market in Asia Pacific”
One of the most important factors driving the Asia Pacific electric 3-wheeler market is the increasing prices of petroleum products. Thus, ICE 3-wheelers are generally expensive to operate. Consumers from emerging countries are already affected by the increasing costs of petrol and diesel. Electric 3-wheelers operating on electricity significantly reduce the operating cost of these vehicles as the use of petrol and diesel is eliminated. Electric 3-wheelers are eco-friendly battery-operated 3-wheelers with better economy and lower operating cum maintenance costs than ICE 3-wheelers. Manufacturers are working towards developing 3-wheelers that have a higher range than the current models. As electric 3-wheelers have a lower number of moving parts than conventional 3-wheelers, maintenance is not a major concern. The highest maintenance cost is expected to be the cost of changing the battery, which, however, is not frequent. Electric 3-wheelers provide zero tailpipe emissions and noise-free transportation. The 3-wheelers with a carrying capacity of between three to seven people provide mobility solutions for short trips of up to 10–12 km, for first and last-mile connectivity, and as feeder services to the main haul public transport. The electrification of 3-wheelers is expected to result in lower operation and maintenance costs as compared to Internal Combustion Engine (ICE) vehicles, making them economically viable. This is driving the market for electric 3-wheelers in the Asia Pacific region.
“Government incentives and subsidies to boost the market of Electric 3-wheeler”
Growing concerns over increased pollution by the automotive industry is the prime reason government bodies are promoting electric 3-wheelers over conventional ones. They have recognized the need for promoting energy-efficient vehicles to reduce the increasing pollution. To attract and encourage people to buy electric 3-wheelers, government bodies of different countries are introducing lucrative schemes and incentives that include formidable discounts, free electricity (initially), and free public charging stations. Apart from this, governments are working with manufacturers to build charging and manufacturing facilities, exempting them from taxation. These factors are expected to drive the Asia Pacific electric 3-wheeler market in the future. For instance, in 2020, Thailand’s Board of Investment (BOI) issued tax incentives for the country’s electric vehicle (EV) industry. Originally only state agencies took on the mantle to move the industry forward through the development of vehicle and charging station prototypes. However, due to the increasing incentives from governments, the industry has become increasingly attractive to the private sector.
“New revenue pockets in Asia Pacific region to drive the market”
Asia Pacific is a high-growth market for electric 3-wheelers. Several countries in this region have a high penetration of 3-wheelers and have witnessed a surge in demand for low-emission and fuel-efficient commuting alternatives due to stringent emission norms and increasing crude oil prices. In April 2022, Bajaj Auto announced its plan to commercially launch its first electric 3-wheeler during the second half of 2022. This showcases that the demand for efficient and affordable electric 3-wheelers is expected to grow significantly in the Indian market. OEMs are entering into strategic partnerships to strengthen their bases in the Asia Pacific electric 3-wheeler market. For instance, in April 2022, Atul Auto Ltd. announced its plan to develop a prototype version of both cargo and passenger electric 3-wheelers with battery swapping solutions. It will employ the Honda Mobile Power Pack e: Swap, which is a swappable battery pack, and a powertrain system from Valeo. The market in the Asia Pacific region is expected to grow exponentially in the coming years due to the high adoption of electric 3-wheelers in China and the high potential of the Indian market.
The study contains insights from various industry experts, ranging from component suppliers to tier 1 companies and OEMs. The break-up of the primaries is as follows:
• By Company Type: OEMs – 57%, Tier 1 – 29%, Tier 2 – 14%
• By Designation: CXOs – 54%, Directors – 32%, Others – 14%
• By Region: India- 57%, Nepal – 14%, Bangladesh – 12%, Sri Lanka -10%, Others-7%
Major players profiled in the report are Mahindra & Mahindra Ltd. (India), Atul Auto Ltd. (India), Piaggio Group (Italy), Lohia Auto Industries (India), and Kinetic Engineering Limited (India).
Research Coverage
The report segments the Asia Pacific electric 3-wheeler market and forecasts its size, by volume, on the basis of country (Bangladesh, Nepal, Vietnam, India, Sri Lanka, China, Japan, Thailand, Philippines, Indonesia, and Singapore), by end-use (passenger carrier & load carrier), range (upto 50 miles & above 50 miles), battery type (lead-acid, lithium-ion and others), battery capacity (below 3kWh, 3-6kWh, above 6kWh), motor power (below 1,000 W, 1,000-1,500 W & above 1,500 W) and payload capacity (up to 300 kg, 300–500 kg, and above 500 kg). It also covers the competitive landscape and company profiles of the major players in the Asia Pacific electric 3a-wheeler market ecosystem.
Key Benefits of Buying the Report:
• The report will help market leaders/new entrants in this market with information on the closest approximations of revenue and volume numbers for the Asia Pacific electric 3-wheeler market and its sub segments.
• This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies.
• The report also helps stakeholders understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.
【レポートの目次】
| ★調査レポート[電動三輪自動車のアジア太平洋市場予測（～2027）：乗客、貨物] ( Asia Pacific Electric 3-Wheeler Market by End-use (Passenger & Load), Range (Upto 50 Miles & Above 50 Miles), Battery type (Lead Acid & Lithium ion), Battery Capacity (Below 3kWh, 3-6kWh, Above 6kWh), Motor Power, Payload Capacity - Forecast to 2027 / AT7860-22) 販売に関する免責事項 |
| [電動三輪自動車のアジア太平洋市場予測（～2027）：乗客、貨物] ( Asia Pacific Electric 3-Wheeler Market by End-use (Passenger & Load), Range (Upto 50 Miles & Above 50 Miles), Battery type (Lead Acid & Lithium ion), Battery Capacity (Below 3kWh, 3-6kWh, Above 6kWh), Motor Power, Payload Capacity - Forecast to 2027 / AT7860-22) についてEメールでお問い合わせ |
◆H&Iグローバルリサーチ株式会社のお客様（例）◆
