Worldwide Electric Three Wheeler Industry to 2030 - Greater Availability of Credit and Financing Options Presents Opportunities - ResearchAndMarkets.com

The "Electric Three Wheeler Market by Vehicle Type, Power Type and Battery Type: Global Opportunity Analysis and Industry Forecast, 2021-2030" report has been added to ResearchAndMarkets.com's offering.

An electric three wheeler is a three-wheeled vehicle propelled by battery and electric motor. Three-wheelers are generally used as a commercial vehicle to transport passenger and goods. Three-wheeler mobility depends on the maneuverability, affordability, and door-to-door transport. As many developing countries, especially in Asia-Pacific and LAMEA, require faster and significantly cheaper option for public and goods transport, three-wheeler suites the requirement best.

The electric three wheeler market has witnessed significant growth over the years, owing to increasing trend of advanced lightings to be installed in aircrafts worldwide.

The electric three wheeler market has been segmented into power type, vehicle type, battery type and region. Based on the power type, the global market has been categorized as up to 1000 W, 1000 W to 1500 W and above 1500 W. Based on the vehicle type, the global market has been segmented into passenger carrier and load carrier. Based on the battery type, the global market has been segmented into lithium-ion and lead acid. By region, the global market has been studied across North America, Europe, Asia-Pacific and LAMEA.

Key Benefits

• This study presents analytical depiction of the global electric three wheeler market along with the current trends and future estimations to depict the imminent investment pockets.
• The overall market potential is determined to understand the profitable trends to enable stakeholders gain a stronger foothold in the market.
• The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
• The current market is quantitatively analyzed from 2020 to 2030 to highlight the financial competency of the market.
• Porter's five forces analysis illustrates the potency of buyers and suppliers.

Market Dynamics

Drivers

• Inclination toward use of electric three-wheeler as an eco-friendly & efficient solution for commute
• Rise in trend of last mile connectivity
• Increase in demand for affordable commercial vehicle

Restraints

• Lack of standardization of EV charging
• High cost of battery

Opportunities

• Growth in trend of shared mobility
• Greater availability of credit and financing options

Key Players

• Atul Auto Limited.
• Chongqing Zongshen Tricycle Manufacture Co. Ltd.
• J.S. Auto Pvt. Ltd.
• Kinetic Green Energy & Power Solutions Ltd.
• Mahindra & Mahindra Ltd.
• Piaggio & C.SpA.
• Scooters India Limited
• Terra Motors Corporation
• Bodo Vehicle Group Co. Ltd.
• E-Tuk Factory BV

For more information about this report visit https://www.researchandmarkets.com/r/3uf3uk

View source version on businesswire.com: https://www.businesswire.com/news/home/20211018005484/en/