Asia Pacific Electric Three-Wheeler Market

Asia Pacific Electric Three-Wheeler Market by Motor Power (Below 1000 W, 10001500 W, 1500 W), Battery Capacity (Below 3 kWh, 3-6 kWh, 6 kWh), End-Use (Passenger Carrier, Load Carrier), Range, Battery Type, Payload Capacity & Country - Global Forecast to 2028

Report Code: AT 7860 Apr, 2023, by marketsandmarkets.com

[260 Pages Report] The Asia Pacific electric three-wheeler market is projected to grow from USD 813 million in 2023 to USD 892 million by 2028, registering a CAGR of 1.9%. Government policies have encouraged the production of electric three-wheelers, making them more accessible and affordable. Environmental concerns related to air pollution have also increased the demand for electric three-wheelers, which produce zero emissions. Technological advancements have improved the reliability and efficiency of electric three-wheelers, making them a more attractive alternative for customers. The rise of e-commerce and home delivery services has also led to an increased demand for cost-effective and efficient transportation solutions.

Asia Pacific Electric Three-Wheeler Market

To know about the assumptions considered for the study, Request for Free Sample Report

Asia Pacific Electric Three-Wheeler Market

To know about the assumptions considered for the study, download the pdf brochure

Market Dynamics:

Driver: Low operating and maintenance costs

Electric three-wheelers entail low operating costs as petrol and diesel are eliminated. They are eco-friendly battery-operated three-wheelers offering better economy and lower operating & maintenance costs than internal combustion engine (ICE) three-wheelers. Manufacturers are working on the development of three-wheelers that have a higher range than the current models. Compared to the price of gasoline or diesel fuel, the cost of electricity to charge an electric three-wheeler is far lower. Also, electric three-wheelers require less maintenance and repairs than conventional vehicles as they have fewer moving components, which minimizes their operating cost.

Restraint: Low number of charging stations

The lack of proper charging infrastructure is expected to be the largest restraint for the electric three-wheeler market in Asia Pacific. Most of the countries in the region have undeveloped EV charging infrastructure, which is crucial for the growth of the electric three-wheeler market. The lack of adequate power infrastructure and high upfront costs may hinder the development of EV charging infrastructure in the region. However, the Government of India's Phase II of the FAME scheme has created opportunities for EV growth through demand incentives and charging infrastructure programs.

Opportunity: Automobile manufacturer- and customer-oriented policies to promote sales

The Asia Pacific region is expected to witness growth in electric three-wheeler sales due to increasing support from governments. Several countries are acknowledging the importance of transitioning to electric vehicles to decrease pollution levels caused by traditional automobiles, and China and India are already taking steps in that direction. The Phase II of the FAME scheme launched by the Government of India in April 2019, offers a uniform subsidy of 10,000 per kWh to support half a million three-wheelers. Other countries are also expected to introduce such regulations and policies in favor of electric three-wheelers in the future to boost their sales. Manufacturers are also likely to receive due exemptions in taxes and imports/exports, resulting in the growth of the Asia Pacific electric three-wheeler market, thereby encouraging EV adoption.

Challenge: Limited battery capacity

Although electric three-wheelers are more energy-efficient than conventional three-wheelers, they still do not meet the design and performance standards. One of the most significant challenges for this market is the lack of consumer attention because of unappealing design and average performance. The size of the vehicle also impacts the battery capacity. Smaller vehicles may require a smaller battery to operate them, whereas bigger electric three-wheelers often require larger batteries with higher capacity. Moreover, motor efficiency influences an electric three-wheeler's ability. Motors with higher efficiency can draw more power from the battery, thus decreasing the overall battery capacity. The batteries of current electric vehicles have low capacities and cover limited distances per charge. The performance and service life of batteries directly affect the performance and cost of electric vehicles.

Asia Pacific Electric Three-Wheeler Market Ecosystem

The ecosystem analysis highlights various players in the Asia Pacific electric three-wheeler market ecosystem, which is primarily represented by raw material suppliers, battery manufacturers, OEMs, and charging infrastructure providers. Some major electric three-wheeler OEMs are Mahindra & Mahindra Ltd. (India), Atul Auto Ltd. (India), Piaggio Group (Italy), YCE Electric (India), and Kinetic Engineering Limited (India).

Above 1,500 motor power to be the fastest growing segment during the forecast period

Electric three-wheelers with above 1,500 W motor power are expected to grow faster than other segments due to their higher energy efficiency and increasing demand for high-performance electric three-wheeler load carriers. Motor power is an important deciding factor in this shift as the synergy of motor power with the system helps run electric three-wheelers. Motors with power above 1,500 W are used mostly for electric 3-wheeled load carriers. These motors usually require frequent start/stop, a high rate of acceleration/deceleration, high-torque low-speed hill-climbing, low-torque high-speed cruising, and a very wide speed range of operation. They are more energy-efficient and have a heavy load-carrying capacity.

Lead-acid Battery to be the largest segment during the forecast period

Lead-acid Battery to be the largest segment during the forecast period. The affordable price of lead-acid batteries is the prime reason for their mass adoption in the electric three-wheeler market. Lead-acid batteries are commonly used to electric power three-wheelers due to their affordability and availability in the market. These batteries offer high output capacity and are powerful, making them attractive to consumers. Sri Lanka, Bangladesh, Nepal, and India have a high penetration of lead-acid batteries in the electric three-wheeler market. The growing demand for last-mile transportation, coupled with reducing battery prices, has led to increased sales of electric three-wheelers for passenger and load-carrying services.

India is expected to be the largest market by volume during the forecast period

India is expected to be the largest market in the Asia Pacific region due to its favorable government policies supporting the adoption of electric three-wheelers. In August 2020, the Indian government introduced the new Delhi Electric Vehicle Policy 2020, intending to increase EV adoption in the national capital. The new policy led to tax waivers, charging and swapping infrastructure establishment, a battery cycling ecosystem, and the creation of a non-lapsable State EV Fund in the country. India already has a well-established market for three-wheelers. This is because of the country's high taxes on petrol, which is increasing the demand for alternative fuel vehicles. The government's new vehicle scrappage policies will also increase the demand for electric three-wheelers, besides lowering their cost by providing subsidiaries in the country.

Asia Pacific Electric Three-Wheeler Market Size, and Share

Key Market Players

The Asia Pacific electric three-wheeler market is dominated by Mahindra & Mahindra Ltd. (India), Atul Auto Ltd. (India), Piaggio Group (Italy), Saera Electric Auto Pvt. Ltd. (India), and Kinetic Green Vehicles (India), among others. These companies manufactures and supplies electric three-wheeler to various countries globally. These companies have set up R&D infrastructure and offer best-in-class solutions to their customers.

Get online access to the report on the World's First Market Intelligence Cloud

  • Easy to Download Historical Data & Forecast Numbers
  • Company Analysis Dashboard for high growth potential opportunities
  • Research Analyst Access for customization & queries
  • Competitor Analysis with Interactive dashboard
  • Latest News, Updates & Trend analysis
Request Sample

Scope of the Report

Report Metric

Details

Market Size Available for Years

2019–2028

Base Year Considered

2022

Forecast Period

2023–2028

Forecast Units

Value (USD Billion/Million) and Volume (Thousand Units)

Segments Covered

Motor Power, Battery Capacity, Range, Battery Type, Payload Capacity, End-Use, and Country

Geographies Covered

Asia Pacific

Companies Covered

Mahindra & Mahindra, Atul Auto, Piaggio Group, Saera Electric, Kinetic Green among others.
A total of 30 major company profiles were covered and provided.

This research report categorizes the Asia Pacific Electric Three-wheeler Market based on Motor Power, Battery Capacity, End-Use, Range, Battery Type, Payload Capacity And Country

Based on Motor Power:
  • Below 1,000 W
  • 1,000–1,500 W
  • Above 1,500 W
Based on Battery Capacity:
  • Below 3 kWh
  • 3–6 kWh
  • Above 6 kWh
Based on Range:
  • Up to 50 miles
  • Above 50 miles
Based on Battery Type:
  • Lead-acid battery
  • Lithium-ion battery
  • Others
Based on Payload Capacity:
  • Up to 300 kg
  • 300–500 kg
  • Above 500 kg
Based on End Use:
  • Passenger Carrier
  • Load Carrier
Based on Country:
  • Bangladesh
  • China
  • India
  • Indonesia
  • Japan
  • Nepal
  • Philippines
  • Singapore
  • Sri Lanka
  • Vietnam
  • Thailand

Recent Developments

  • In March 2023, Mahindra & Mahindra Ltd. wholly announced that it had received an investment of USD 72.8 million from the International Finance Corporation (IFC). The IFC invested in a wholly owned subsidiary of M&M to focus on Electric three-wheelers and small commercial vehicles.
  • In February 2023, Mahindra & Mahindra Ltd. signed an MOU with the Telangana Government for its expansion plans, under which Mahindra & Mahindra will set up a manufacturing facility in Zaheerabad, Medak District. This facility will primarily focus on developing and producing electric three-wheelers for the lastlast-mileility business.
  • In January 2023, Saera Electric Auto announced a partnership with AMU Leasing Pvt. Ltd. Through this pact, customers can easily avail financing options from AMU, to buy new EVs from Saera Electric Auto.
  • In January 2023, ZF Friedrichshafen AG launched Smart Camera 4.8. It enables autonomous cars to have a wider field of view, in turn enabling the vehicle to identify pedestrians, cyclists, and other vehicles.

Frequently Asked Questions (FAQ):

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 21)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
           TABLE 1 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY END-USE
           TABLE 2 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY BATTERY TYPE
           TABLE 3 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY MOTOR POWER
           TABLE 4 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY BATTERY CAPACITY
           TABLE 5 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY RANGE
           TABLE 6 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY PAYLOAD CAPACITY
           1.2.1 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET: INCLUSIONS AND EXCLUSIONS
                    FIGURE 1 ELECTRIC THREE-WHEELER MODEL INCLUSIONS AND EXCLUSIONS
    1.3 MARKET SCOPE 
           1.3.1 MARKET SEGMENTATION
           1.3.2 COUNTRIES COVERED
           1.3.3 YEARS CONSIDERED
    1.4 CURRENCY CONSIDERED 
           TABLE 7 CURRENCY EXCHANGE RATES
    1.5 STAKEHOLDERS 
 
2 RESEARCH METHODOLOGY (Page No. - 29)
    2.1 RESEARCH DATA 
           FIGURE 2 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET: RESEARCH DESIGN
           FIGURE 3 RESEARCH DESIGN MODEL
           2.1.1 SECONDARY DATA
                    2.1.1.1 Key secondary sources
                    2.1.1.2 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Primary interviews – demand and supply sides
                    2.1.2.2 Key industry insights and breakdown of primary interviews
                               FIGURE 4 KEY INDUSTRY INSIGHTS
                               FIGURE 5 BREAKDOWN OF PRIMARY INTERVIEWS
                    2.1.2.3 List of primary participants
    2.2 MARKET SIZE ESTIMATION 
           FIGURE 6 RESEARCH METHODOLOGY: HYPOTHESIS BUILDING
           2.2.1 BOTTOM-UP APPROACH
                    FIGURE 7 BOTTOM-UP APPROACH
           2.2.2 TOP-DOWN APPROACH
                    FIGURE 8 TOP-DOWN APPROACH
                    FIGURE 9 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET: RESEARCH DESIGN & METHODOLOGY
    2.3 RECESSION IMPACT ANALYSIS 
    2.4 DATA TRIANGULATION 
           FIGURE 10 MARKET BREAKDOWN AND DATA TRIANGULATION
           FIGURE 11 MARKET GROWTH PROJECTIONS FROM DEMAND-SIDE DRIVERS AND OPPORTUNITIES
    2.5 FACTOR ANALYSIS 
    2.6 RESEARCH ASSUMPTIONS 
    2.7 RESEARCH LIMITATIONS 
 
3 EXECUTIVE SUMMARY (Page No. - 43)
    FIGURE 12 FACTORS DRIVING ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET 
    FIGURE 13 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET: MARKET DYNAMICS 
    FIGURE 14 INDIA TO DOMINATE ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET DURING 2023–2028 
    FIGURE 15 PASSENGER CARRIER END-USE SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD 
 
4 PREMIUM INSIGHTS (Page No. - 48)
    4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET 
           FIGURE 16 LOW OPERATING AND MAINTENANCE COSTS TO DRIVE ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET
    4.2 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY MOTOR POWER 
           FIGURE 17 1,000-1,500 W MOTOR POWER SEGMENT TO LEAD MARKET FROM 2023 TO 2028
    4.3 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY BATTERY TYPE 
           FIGURE 18 LITHIUM-ION BATTERY TYPE TO REGISTER HIGHEST CAGR FROM 2023 TO 2028
    4.4 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY RANGE 
           FIGURE 19 UP TO 50 MILES RANGE SEGMENT TO HOLD LARGER MARKET SHARE FROM 2023 TO 2028
    4.5 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY BATTERY CAPACITY 
           FIGURE 20 3-6 KWH TO BE LARGEST BATTERY CAPACITY SEGMENT FROM 2023 TO 2028
    4.6 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY END-USE 
           FIGURE 21 PASSENGER CARRIER END-USE SEGMENT TO LEAD MARKET FROM 2023 TO 2028
    4.7 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY PAYLOAD CAPACITY 
           FIGURE 22 300-500 KG PAYLOAD CAPACITY SEGMENT TO LEAD MARKET FROM 2023 TO 2028
    4.8 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY COUNTRY 
           FIGURE 23 INDIA WAS LARGEST ELECTRIC THREE-WHEELER MARKET IN ASIA PACIFIC IN 2022
 
5 MARKET OVERVIEW (Page No. - 53)
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 
           FIGURE 24 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET
           5.2.1 DRIVERS
                    FIGURE 25 KEY DRIVERS OF ASIA PACIFIC ELECTRIC THREE-WHEELERS MARKET
                    5.2.1.1 Low operating and maintenance costs
                               FIGURE 26 ELECTRICITY TARIFF FOR PERSONAL USE CASES AT DIFFERENT LEVELS OF ENERGY CONSUMPTION
                               TABLE 8 AVERAGE ENERGY CONSUMPTION OF THREE-WHEELERS
                    5.2.1.2 Government incentives and subsidies
                               TABLE 9 INDIA: GOVERNMENT INCENTIVES, BY MODEL, 2022
                               TABLE 10 INDIA: GOVERNMENT INCENTIVES, BY STATE
                    5.2.1.3 Advancements in battery technology, coupled with reducing prices
                               FIGURE 27 ELECTRIC VEHICLE BATTERY PRICING ANALYSIS
                               FIGURE 28 INDIA: BATTERY PRICES, BY BATTERY CAPACITY (KWH)
                    5.2.1.4 Established market for three-wheelers for urban transportation
           5.2.2 RESTRAINTS
                    FIGURE 29 KEY RESTRAINTS FOR ASIA PACIFIC ELECTRIC THREE-WHEELERS MARKET
                    5.2.2.1 Low number of charging stations
                               FIGURE 30 NUMBER OF CHARGING POINTS ACROSS ASIA PACIFIC
                               TABLE 11 INDIA: SPECIFICATIONS OF CHARGING INFRASTRUCTURE
                    5.2.2.2 Limited power output, vehicle range, and speed
                               TABLE 12 ELECTRIC THREE-WHEELER RANGE
           5.2.3 OPPORTUNITIES
                    FIGURE 31 KEY OPPORTUNITIES FOR ASIA PACIFIC ELECTRIC THREE-WHEELERS MARKET
                    5.2.3.1 Automobile manufacturer- and customer-oriented policies to promote sales
                    5.2.3.2 Stringent emission norms and environmental regulations
                               TABLE 13 KEY COUNTRIES: EMISSION REGULATION SPECIFICATIONS OVERVIEW, BY FUEL TYPE, 2016–2021
                    5.2.3.3 New revenue pockets in Asia Pacific
           5.2.4 CHALLENGES
                    FIGURE 32 KEY CHALLENGES FOR ASIA PACIFIC ELECTRIC THREE-WHEELERS MARKET
                    5.2.4.1 Limited battery capacity
                               TABLE 14 BATTERY CAPACITIES OF POPULAR ELECTRIC THREE-WHEELER MODELS
                    5.2.4.2 High initial investments
                               FIGURE 33 AVERAGE TOTAL COST OF CONVENTIONAL VS. ELECTRIC THREE-WHEELERS (2022)
                               FIGURE 34 AVERAGE TOTAL COST OF ELECTRIC THREE-WHEELER COMPONENTS (2022)
                    5.2.4.3 Lack of compatibility, interchangeability, and standardization
                               TABLE 15 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET: IMPACT OF MARKET DYNAMICS
    5.3 PORTER’S FIVE FORCES ANALYSIS 
           FIGURE 35 PORTER’S FIVE FORCES ANALYSIS OF ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET
           TABLE 16 IMPACT OF PORTER’S FIVE FORCES ON ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET
           5.3.1 INTENSITY OF COMPETITIVE RIVALRY
           5.3.2 THREAT OF NEW ENTRANTS
           5.3.3 THREAT OF SUBSTITUTES
           5.3.4 BARGAINING POWER OF SUPPLIERS
           5.3.5 BARGAINING POWER OF BUYERS
    5.4 VALUE CHAIN ANALYSIS 
           FIGURE 36 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET: VALUE CHAIN ANALYSIS
    5.5 MACROECONOMIC INDICATORS 
           5.5.1 GDP TRENDS AND FORECASTS FOR MAJOR ASIA PACIFIC ECONOMIES
                    TABLE 17 GDP TRENDS AND FORECAST BY MAJOR ASIA PACIFIC ECONOMIES, 2018–2026 (USD BILLION)
    5.6 PRICING ANALYSIS 
           5.6.1 OEM-WISE PRICING ANALYSIS
                    TABLE 18 OEM ELECTRIC THREE-WHEELER PRICING ANALYSIS (USD) (2023)
                    FIGURE 37 VOLUME WEIGHTED AVERAGE LITHIUM-ION BATTERY PACK AND CELL PRICE SPILT, 2013-2022
    5.7 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET ECOSYSTEM 
           FIGURE 38 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET: ECOSYSTEM ANALYSIS
           5.7.1 OEMS
           5.7.2 RAW MATERIAL SUPPLIERS
           5.7.3 BATTERY MANUFACTURERS
           5.7.4 CHARGING INFRASTRUCTURE PROVIDERS
                    TABLE 19 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET: ROLE OF COMPANIES IN ECOSYSTEM
    5.8 KEY STAKEHOLDERS AND BUYING CRITERIA 
           5.8.1 PASSENGER CARRIER
           5.8.2 LOAD CARRIER
           5.8.3 KEY STAKEHOLDERS IN BUYING PROCESS
                    TABLE 20 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 2 END-USES (%)
           5.8.4 BUYING CRITERIA
                    FIGURE 39 KEY BUYING CRITERIA FOR TOP 2 END-USES
    5.9 TECHNOLOGY ANALYSIS 
           5.9.1 BATTERY SWAPPING IN ELECTRIC THREE-WHEELERS
           5.9.2 IOT IN ELECTRIC THREE-WHEELERS
                    FIGURE 40 IOT-ENABLED SMART GRID
           5.9.3 REGENERATIVE BRAKING SYSTEMS
                    FIGURE 41 REGENERATIVE BRAKING IN ELECTRIC THREE-WHEELERS
           5.9.4 SOLID STATE BATTERY (SSB)
           5.9.5 HYDROGEN FUEL CELL
                    FIGURE 42 COMPARISON OF HYDROGEN AND EV DRIVE
    5.10 PATENT ANALYSIS 
           FIGURE 43 NUMBER OF PUBLISHED PATENTS (2012–2023)
           TABLE 21 IMPORTANT PATENT REGISTRATIONS RELATED TO ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET
    5.11 CASE STUDIES 
           5.11.1 CASE STUDY 1: ELECTRIC THREE-WHEELER LOGISTICS FLEET OPERATIONS WITH CAPTIVE PLUG-IN CHARGING
           5.11.2 CASE STUDY 2: ELECTRIC THREE-WHEELER LOGISTICS FLEET OPERATIONS WITH BATTERY SWAPPING
    5.12 REGULATORY OVERVIEW 
           5.12.1 INDIA
                    TABLE 22 INDIAN REGULATORY FRAMEWORK: DIFFERENCE BETWEEN THE ROLE OF ELECTRIC RICKSHAWS AND ELECTRIC AUTO RICKSHAWS
           5.12.2 CHINA
           5.12.3 THAILAND
           5.12.4 VIETNAM
           5.12.5 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 23 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    5.13 TRENDS AND DISRUPTIONS 
                    FIGURE 44 BATTERY, CHARGING, AND CONNECTIVITY TECHNOLOGIES TO CATER GROWTH OF ELECTRIC THREE-WHEELERS
    5.14 KEY CONFERENCES AND EVENTS, 2023 
                    TABLE 24 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET: KEY CONFERENCES AND EVENTS
    5.15 SCENARIO ANALYSIS (2023–2028) 
           5.15.1 MOST LIKELY SCENARIO
                    TABLE 25 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET: MOST LIKELY SCENARIO, BY COUNTRY, 2023–2028 (UNITS)
           5.15.2 OPTIMISTIC SCENARIO
                    TABLE 26 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET: OPTIMISTIC SCENARIO, BY COUNTRY, 2023–2028 (UNITS)
           5.15.3 PESSIMISTIC SCENARIO
                    TABLE 27 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET: PESSIMISTIC SCENARIO, BY COUNTRY, 2023–2028 (UNITS)
 
6 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY MOTOR POWER (Page No. - 102)
    6.1 INTRODUCTION 
           FIGURE 45 1,000–1,500 W SEGMENT TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD
           TABLE 28 ASIA PACIFIC: ELECTRIC THREE-WHEELER MARKET, BY MOTOR POWER, 2019–2022 (UNITS)
           TABLE 29 ASIA PACIFIC: ELECTRIC THREE-WHEELER MARKET, BY MOTOR POWER, 2023–2028 (UNITS)
           6.1.1 OPERATIONAL DATA
                    TABLE 30 POPULAR ELECTRIC THREE-WHEELER MODELS, BY MOTOR POWER
                    FIGURE 46 ELECTRIC THREE-WHEELER POWERTRAIN ARCHITECTURE
                    TABLE 31 FACTORS DECIDING MOTOR POWER OF ELECTRIC THREE-WHEELERS
           6.1.2 ASSUMPTIONS
                    TABLE 32 ASSUMPTIONS: BY MOTOR POWER
           6.1.3 RESEARCH METHODOLOGY
    6.2 BELOW 1,000 W 
           6.2.1 LOW COST OF OPERATIONS, NOISE POLLUTION, AND CARBON FOOTPRINT OF LOW-POWERED EVS TO DRIVE MARKET
                    TABLE 33 BELOW 1,000 W: ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY COUNTRY, 2019–2022 (UNITS)
                    TABLE 34 BELOW 1,000 W: ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY COUNTRY, 2023–2028 (UNITS)
    6.3 1,000–1,500 W 
           6.3.1 TRANSITION TO ELECTRIC RICKSHAWS IN SOUTH ASIAN COUNTRIES TO PROPEL MARKET
                    TABLE 35 1,000–1,500 W: ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY COUNTRY, 2019–2022 (UNITS)
                    TABLE 36 1,000–1,500 W: ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY COUNTRY, 2023–2028 (UNITS)
    6.4 ABOVE 1,500 W 
           6.4.1 GROWTH OF CONSUMER DELIVERY SERVICES TO INCREASE DEMAND
                    TABLE 37 ABOVE 1,500 W: ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY COUNTRY, 2019–2022 (UNITS)
                    TABLE 38 ABOVE 1,500 W: ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY COUNTRY, 2023–2028 (UNITS)
    6.5 KEY PRIMARY INSIGHTS 
 
7 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY BATTERY TYPE (Page No. - 113)
    7.1 INTRODUCTION 
           FIGURE 47 LITHIUM-ION BATTERY SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
           TABLE 39 ASIA PACIFIC: ELECTRIC THREE-WHEELER MARKET, BY BATTERY TYPE, 2019–2022 (UNITS)
           TABLE 40 ASIA PACIFIC: ELECTRIC THREE-WHEELER MARKET, BY BATTERY TYPE, 2023–2028 (UNITS)
           7.1.1 OPERATIONAL DATA
                    TABLE 41 ELECTRIC THREE-WHEELER MODELS, BY BATTERY TYPE
                    TABLE 42 MARKET SHARE: TOP EV BATTERY MANUFACTURERS (2022)
           7.1.2 ASSUMPTIONS
                    TABLE 43 ASSUMPTIONS: BY BATTERY TYPE
           7.1.3 RESEARCH METHODOLOGY
    7.2 LEAD-ACID BATTERY 
           7.2.1 AFFORDABLE COST TO PLAY VITAL ROLE IN MARKET GROWTH
    7.3 LITHIUM-ION BATTERY 
           7.3.1 LONG BATTERY LIFE AND DURABILITY TO DRIVE MARKET
    7.4 OTHER BATTERY TYPES 
           TABLE 44 NON-MAINSTREAM BATTERY TYPES AND THEIR PROVIDERS
    7.5 KEY PRIMARY INSIGHTS 
 
8 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY PAYLOAD CAPACITY (Page No. - 121)
    8.1 INTRODUCTION 
           FIGURE 48 300–500 KG PAYLOAD CAPACITY TO LEAD MARKET DURING FORECAST PERIOD
           TABLE 45 ASIA PACIFIC: ELECTRIC THREE-WHEELER MARKET, BY PAYLOAD CAPACITY, 2019–2022 (UNITS)
           TABLE 46 ASIA PACIFIC: ELECTRIC THREE-WHEELER MARKET, BY PAYLOAD CAPACITY, 2023–2028 (UNITS)
           TABLE 47 INDIA: ELECTRIC THREE-WHEELER MARKET, BY PAYLOAD CAPACITY, 2019–2022 (UNITS)
           TABLE 48 INDIA: ELECTRIC THREE-WHEELER MARKET, BY PAYLOAD CAPACITY, 2023–2028 (UNITS)
           8.1.1 ASSUMPTIONS
                    TABLE 49 ASSUMPTIONS: BY PAYLOAD CAPACITY
           8.1.2 RESEARCH METHODOLOGY
    8.2 UP TO 300 KG 
           8.2.1 NOISE-FREE OPERATIONS AND AFFORDABILITY TO DRIVE DEMAND
                    TABLE 50 UP TO 300 KG LOAD CAPACITY MODELS
    8.3 300–500 KG 
           8.3.1 WIDE USE IN LAST MILE DELIVERIES TO BOOST MARKET
                    TABLE 51 300-500 KG LOAD CAPACITY MODELS
    8.4 ABOVE 500 KG 
           8.4.1 MODERATE DISTANCE LOGISTICS AND SPECIAL APPLICATIONS TO SPUR DEMAND
                    TABLE 52 ABOVE 500 KG PAYLOAD CAPACITY MODELS
    8.5 KEY PRIMARY INSIGHTS 
 
9 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY BATTERY CAPACITY (Page No. - 128)
    9.1 INTRODUCTION 
           TABLE 53 TYPES OF BATTERIES AND THEIR CHARACTERISTICS
           FIGURE 49 3-6 KWH SEGMENT TO ACCOUNT FOR LARGEST MARKET SIZE
           TABLE 54 ASIA PACIFIC: ELECTRIC THREE-WHEELER MARKET, BY BATTERY CAPACITY, 2019–2022 (UNITS)
           TABLE 55 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY BATTERY CAPACITY, 2023–2028 (UNITS)
           9.1.1 ASSUMPTIONS
           9.1.2 RESEARCH METHODOLOGY
    9.2 BELOW 3 KWH 
           9.2.1 DEMAND FOR AFFORDABLE TRANSPORTATION TO DRIVE MARKET
                    TABLE 56 BELOW 3 KWH: ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY MODEL
    9.3 3–6 KWH 
           9.3.1 INCREASING DEMAND FOR INTRACITY TRAVEL TO PROPEL MARKET
                    TABLE 57 3-6 KWH: ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY MODEL
    9.4 ABOVE 6 KWH 
           9.4.1 ELECTRIC THREE-WHEELERS WITH PERSISTENT BATTERY SYSTEMS TO BOOST MARKET
                    TABLE 58 ABOVE 6 KWH: ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY MODEL
    9.5 KEY PRIMARY INSIGHTS 
 
10 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY RANGE (Page No. - 135)
     10.1 INTRODUCTION 
               FIGURE 50 ABOVE 50 MILES SEGMENT TO REGISTER HIGHER CAGR DURING FORECAST PERIOD
               TABLE 59 ASIA PACIFIC: ELECTRIC THREE-WHEELER MARKET, BY RANGE, 2019–2022 (UNITS)
               TABLE 60 ASIA PACIFIC: ELECTRIC THREE-WHEELER MARKET, BY RANGE, 2023–2028 (UNITS)
             10.1.1 OPERATIONAL DATA
                       TABLE 61 ASIA PACIFIC ELECTRIC THREE-WHEELER MODELS, BY RANGE
             10.1.2 ASSUMPTIONS
                       TABLE 62 ASSUMPTIONS: BY RANGE
             10.1.3 RESEARCH METHODOLOGY
     10.2 UP TO 50 MILES 
             10.2.1 DEMAND FOR AFFORDABLE ELECTRIC THREE-WHEELERS TO DRIVE SEGMENT
                       TABLE 63 UP TO 50 MILES: ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY COUNTRY, 2019–2022 (UNITS)
                       TABLE 64 UP TO 50 MILES: ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY COUNTRY, 2023–2028 (UNITS)
     10.3 ABOVE 50 MILES 
             10.3.1 INCREASING BATTERY ENERGY DENSITY TO DRIVE SEGMENT
                       TABLE 65 ABOVE 50 MILES: ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY COUNTRY, 2019–2022(UNITS)
                       TABLE 66 ABOVE 50 MILES: ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY COUNTRY, 2023–2028 (UNITS)
     10.4 KEY PRIMARY INSIGHTS 
 
11 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY END-USE (Page No. - 143)
     11.1 INTRODUCTION 
               FIGURE 51 LOAD CARRIER SEGMENT TO REGISTER HIGHER CAGR DURING FORECAST PERIOD
               TABLE 67 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY END-USE, 2019–2022 (UNITS)
               TABLE 68 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY END-USE, 2023–2028 (UNITS)
             11.1.1 OPERATIONAL DATA
                       TABLE 69 TOP-SELLING ELECTRIC THREE-WHEELER MODELS, BY END-USE
             11.1.2 ASSUMPTIONS
                       TABLE 70 ASSUMPTIONS: BY END-USE
             11.1.3 RESEARCH METHODOLOGY
     11.2 PASSENGER CARRIER 
             11.2.1 LOW TOTAL COST OF OWNERSHIP OF ELECTRIC THREE-WHEELERS COMPARED WITH ICE COUNTERPARTS TO DRIVE MARKET
                       TABLE 71 PASSENGER CARRIER: ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY COUNTRY, 2019–2022 (UNITS)
                       TABLE 72 PASSENGER CARRIER: ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY COUNTRY, 2023–2028 (UNITS)
     11.3 LOAD CARRIER 
             11.3.1 USE OF ELECTRIC THREE-WHEELERS IN LOGISTICS AND LAST-MILE DELIVERIES TO BOOST MARKET
                       TABLE 73 LOAD CARRIER: ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY COUNTRY, 2019–2022 (UNITS)
                       TABLE 74 LOAD CARRIER: ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY COUNTRY, 2023–2028 (UNITS)
     11.4 KEY PRIMARY INSIGHTS 
 
12 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY COUNTRY (Page No. - 151)
     12.1 INTRODUCTION 
               FIGURE 52 INDIA WAS LARGEST MARKET IN 2022
               FIGURE 53 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY COUNTRY
               TABLE 75 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY COUNTRY, 2019–2022 (UNITS)
               TABLE 76 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY COUNTRY, 2023–2028 (UNITS)
               TABLE 77 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY END-USE, 2019–2022 (USD MILLION)
               TABLE 78 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY END-USE, 2023–2028 (USD MILLION)
     12.2 INDIA 
             12.2.1 INCREASING TREND OF LAST-MILE DELIVERY AND BATTERY SWAPPING TO BOOST MARKET
                       TABLE 79 INDIA: GOVERNMENT SUBSIDIES AND INCENTIVES FOR ELECTRIC THREE-WHEELERS, BY STATE
                       TABLE 80 COMPANIES ADOPTING ELECTRIC THREE-WHEELER LOAD CARRIERS IN INDIA
                       FIGURE 54 E-CARTS AND GOODS E-AUTO ACCOUNT FOR LOAD- CARRIER SEGMENT, TOGETHER HELD 9-10% OF INDIAN ELECTRIC THREE-WHEELER MARKET IN 2022
                       TABLE 81 DEVELOPMENTS REGARDING BATTERY SWAPPING STATIONS IN INDIA
                       TABLE 82 INDIA: ELECTRIC THREE-WHEELER MARKET, BY END-USE, 2019–2022 (UNITS)
                       TABLE 83 INDIA: ELECTRIC THREE-WHEELER MARKET, BY END-USE, 2023–2028 (UNITS)
                       TABLE 84 INDIA: ELECTRIC THREE-WHEELER MARKET, BY MOTOR POWER, 2019–2022 (UNITS)
                       TABLE 85 INDIA: ELECTRIC THREE-WHEELER MARKET, BY MOTOR POWER, 2023–2028 (UNITS)
                       TABLE 86 INDIA: ELECTRIC THREE-WHEELER MARKET, BY RANGE, 2019–2022 (UNITS)
                       TABLE 87 INDIA: ELECTRIC THREE-WHEELER MARKET, BY RANGE, 2023–2028 (UNITS)
                       TABLE 88 INDIA: ELECTRIC THREE-WHEELER MARKET, BY PAYLOAD CAPACITY, 2019–2022 (UNITS)
                       TABLE 89 INDIA: ELECTRIC THREE-WHEELER MARKET, BY PAYLOAD CAPACITY, 2023–2028 (UNITS)
     12.3 JAPAN 
             12.3.1 STRINGENT EMISSION STANDARDS AND PLANS FOR BATTERY SWAPPING TO PROPEL DEMAND
                       TABLE 90 TARGET FOR ADOPTION OF EVS IN JAPAN
                       TABLE 91 JAPAN: ELECTRIC THREE-WHEELER MARKET, BY END-USE, 2019–2022 (UNITS)
                       TABLE 92 JAPAN: ELECTRIC THREE-WHEELER MARKET, BY END-USE, 2023–2028 (UNITS)
                       TABLE 93 JAPAN: ELECTRIC THREE-WHEELER MARKET, BY MOTOR POWER, 2019–2022 (UNITS)
                       TABLE 94 JAPAN: ELECTRIC THREE-WHEELER MARKET, BY MOTOR POWER, 2023–2028 (UNITS)
                       TABLE 95 JAPAN: ELECTRIC THREE-WHEELER MARKET, BY RANGE, 2019–2022 (UNITS)
                       TABLE 96 JAPAN: ELECTRIC THREE-WHEELER MARKET, BY RANGE, 2023–2028 (UNITS)
     12.4 THAILAND 
             12.4.1 INCREASING DEMAND FOR E-TUK-TUK FOR LOCAL TRANSPORT TO BOOST DEMAND
                       TABLE 97 TARGET FOR ELECTRIC VEHICLE ADOPTION IN THAILAND
                       TABLE 98 THAILAND: ELECTRIC THREE-WHEELER MARKET, BY END-USE, 2019–2022 (UNITS)
                       TABLE 99 THAILAND: ELECTRIC THREE-WHEELER MARKET, BY END-USE, 2023–2028 (UNITS)
                       TABLE 100 THAILAND: ELECTRIC THREE-WHEELER MARKET, BY MOTOR POWER, 2019–2022 (UNITS)
                       TABLE 101 THAILAND: ELECTRIC THREE-WHEELER MARKET, BY MOTOR POWER, 2023–2028 (UNITS)
                       TABLE 102 THAILAND: ELECTRIC THREE-WHEELER MARKET, BY RANGE, 2019–2022 (UNITS)
                       TABLE 103 THAILAND: ELECTRIC THREE-WHEELER MARKET, BY RANGE, 2023–2028 (UNITS)
     12.5 BANGLADESH 
             12.5.1 FAVORABLE GOVERNMENT POLICIES FOR ELECTRIC THREE-WHEELER IMPORTS TO DRIVE MARKET
                       FIGURE 55 BANGLADESH: ELECTRIC VEHICLE MARKET SCENARIO
                       TABLE 104 ELECTRIC THREE-WHEELER DEVELOPMENTS IN BANGLADESH
                       TABLE 105 BANGLADESH: ELECTRIC THREE-WHEELER MARKET, BY END-USE, 2019–2022 (UNITS)
                       TABLE 106 BANGLADESH: ELECTRIC THREE-WHEELER MARKET, BY END-USE, 2023–2028 (UNITS)
                       TABLE 107 BANGLADESH: ELECTRIC THREE-WHEELER MARKET, BY MOTOR POWER, 2019–2022 (UNITS)
                       TABLE 108 BANGLADESH: ELECTRIC THREE-WHEELER MARKET, BY MOTOR POWER, 2023–2028 (UNITS)
                       TABLE 109 BANGLADESH: ELECTRIC THREE-WHEELER MARKET, BY RANGE, 2019–2022 (UNITS)
                       TABLE 110 BANGLADESH: ELECTRIC THREE-WHEELER MARKET, BY RANGE, 2023–2028 (UNITS)
     12.6 NEPAL 
             12.6.1 ELECTRIC THREE-WHEELER IMPORT POLICIES AND PLANS FOR DOMESTIC PRODUCTION TO INCREASE DEMAND
                       TABLE 111 POLICY FOR ADOPTION OF EVS IN NEPAL
                       TABLE 112 NEPAL: ELECTRIC THREE-WHEELER MARKET, BY END-USE, 2019–2022 (UNITS)
                       TABLE 113 NEPAL: ELECTRIC THREE-WHEELER MARKET, BY END-USE, 2023–2028 (UNITS)
                       TABLE 114 NEPAL: ELECTRIC THREE-WHEELER MARKET, BY MOTOR POWER, 2019–2022 (UNITS)
                       TABLE 115 NEPAL: ELECTRIC THREE-WHEELER MARKET, BY MOTOR POWER, 2023–2028 (UNITS)
                       TABLE 116 NEPAL: ELECTRIC THREE-WHEELER MARKET, BY RANGE, 2019–2022 (UNITS)
                       TABLE 117 NEPAL: ELECTRIC THREE-WHEELER MARKET, BY RANGE, 2023–2028 (UNITS)
     12.7 SRI LANKA 
             12.7.1 RECOVERY FROM ECONOMIC CRISIS TO BOOST MARKET
                       TABLE 118 LITHIUM-ION BATTERY IMPORTERS IN SRI LANKA (2021)
                       TABLE 119 SRI LANKA: ELECTRIC THREE-WHEELER MARKET, BY END-USE, 2019–2022 (UNITS)
                       TABLE 120 SRI LANKA: ELECTRIC THREE-WHEELER MARKET, BY END-USE, 2023–2028 (UNITS)
                       TABLE 121 SRI LANKA: ELECTRIC THREE-WHEELER MARKET, BY MOTOR POWER, 2019–2022 (UNITS)
                       TABLE 122 SRI LANKA: ELECTRIC THREE-WHEELER MARKET, BY MOTOR POWER, 2023–2028 (UNITS)
                       TABLE 123 SRI LANKA: ELECTRIC THREE-WHEELER MARKET, BY RANGE, 2019–2022 (UNITS)
                       TABLE 124 SRI LANKA: ELECTRIC THREE-WHEELER MARKET, BY RANGE, 2023–2028 (UNITS)
     12.8 INDONESIA 
             12.8.1 REDUCTION OF IMPORT DUTIES ON COMPONENTS TO DRIVE MARKET
                       TABLE 125 POLICY FOR ADOPTION OF EVS IN INDONESIA
                       FIGURE 56 EV MANUFACTURING HUB SETUP ROADMAP IN INDONESIA
                       TABLE 126 INDONESIA: ELECTRIC THREE-WHEELER MARKET, BY END-USE, 2019–2022 (UNITS)
                       TABLE 127 INDONESIA: ELECTRIC THREE-WHEELER MARKET, BY END-USE, 2023–2028 (UNITS)
                       TABLE 128 INDONESIA: ELECTRIC THREE-WHEELER MARKET, BY MOTOR POWER, 2019–2022 (UNITS)
                       TABLE 129 INDONESIA: ELECTRIC THREE-WHEELER MARKET, BY MOTOR POWER, 2023–2028 (UNITS)
                       TABLE 130 INDONESIA: ELECTRIC THREE-WHEELER MARKET, BY RANGE, 2019–2022 (UNITS)
                       TABLE 131 INDONESIA: ELECTRIC THREE-WHEELER MARKET, BY RANGE, 2023–2028 (UNITS)
     12.9 PHILIPPINES 
             12.9.1 ADOPTION OF ELECTRIC THREE-WHEELERS IN PROMINENT BUSINESS DISTRICTS AND URBAN AREAS TO DRIVE MARKET
                       TABLE 132 TARGET FOR EVS IN PHILIPPINES
                       TABLE 133 PHILIPPINES: ELECTRIC THREE-WHEELER MARKET, BY END-USE, 2019–2022 (UNITS)
                       TABLE 134 PHILIPPINES: ELECTRIC THREE-WHEELER MARKET, BY END-USE, 2023–2028 (UNITS)
                       TABLE 135 PHILIPPINES: ELECTRIC THREE-WHEELER MARKET, BY MOTOR POWER, 2019–2022 (UNITS)
                       TABLE 136 PHILIPPINES: ELECTRIC THREE-WHEELER MARKET, BY MOTOR POWER, 2023–2028 (UNITS)
                       TABLE 137 PHILIPPINES: ELECTRIC THREE-WHEELER MARKET, BY RANGE, 2019–2022 (UNITS)
                       TABLE 138 PHILIPPINES: ELECTRIC THREE-WHEELER MARKET, BY RANGE, 2023–2028 (UNITS)
     12.10 VIETNAM 
               12.10.1 FAVORABLE GOVERNMENT POLICIES FOR EVS TO IMPROVE AIR QUALITY TO DRIVE MARKET
                           TABLE 139 VIETNAM: ELECTRIC THREE-WHEELER MARKET, BY END-USE, 2019–2022 (UNITS)
                           TABLE 140 VIETNAM: ELECTRIC THREE-WHEELER MARKET, BY END-USE, 2023–2028 (UNITS)
                           TABLE 141 VIETNAM: ELECTRIC THREE-WHEELER MARKET, BY MOTOR POWER, 2019–2022 (UNITS)
                           TABLE 142 VIETNAM: ELECTRIC THREE-WHEELER MARKET, BY MOTOR POWER, 2023–2028 (UNITS)
                           TABLE 143 VIETNAM: ELECTRIC THREE-WHEELER MARKET, BY RANGE, 2019–2022 (UNITS)
                           TABLE 144 VIETNAM: ELECTRIC THREE-WHEELER MARKET, BY RANGE, 2023–2028 (UNITS)
     12.11 CHINA 
               12.11.1 GOVERNMENT MANDATES FOR EV MANUFACTURERS TO DRIVE MARKET
                                   TABLE 145 EV BATTERY MANUFACTURERS IN CHINA
     12.12 SINGAPORE 
               12.12.1 GROWING CHARGING INFRASTRUCTURE TO DRIVE MARKET
                                   TABLE 146 TARGET FOR EVS IN SINGAPORE
 
13 COMPETITIVE LANDSCAPE (Page No. - 184)
     13.1 OVERVIEW 
     13.2 MARKET SHARE ANALYSIS FOR ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET 
               TABLE 147 MARKET SHARE ANALYSIS, 2022
               FIGURE 57 MARKET SHARE ANALYSIS, 2022
     13.3 REVENUE ANALYSIS OF TOP MARKET PLAYERS 
               FIGURE 58 TOP PLAYERS DOMINATING ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET
     13.4 COMPETITIVE SCENARIO 
             13.4.1 DEALS
                       TABLE 148 DEALS, 2020–2023
             13.4.2 PRODUCT DEVELOPMENTS
                       TABLE 149 PRODUCT DEVELOPMENTS, 2020–2023
             13.4.3 OTHER DEVELOPMENTS
                       TABLE 150 OTHER DEVELOPMENTS, 2020–2023
     13.5 COMPETITIVE LEADERSHIP MAPPING FOR ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET 
             13.5.1 STARS
             13.5.2 EMERGING LEADERS
             13.5.3 PERVASIVE PLAYERS
             13.5.4 EMERGING COMPANIES
                       FIGURE 59 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET: COMPETITIVE LEADERSHIP MAPPING OF KEY PLAYERS, 2022
     13.6 COMPANY EVALUATION QUADRANT–PRODUCT FOOTPRINT 
               TABLE 151 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET: COMPANY FOOTPRINT, 2022
               TABLE 152 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET: COMPANY APPLICATION FOOTPRINT, 2022
               TABLE 153 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET: COUNTRY FOOTPRINT, 2022
     13.7 COMPETITIVE EVALUATION QUADRANT, START-UPS 
             13.7.1 PROGRESSIVE COMPANIES
             13.7.2 RESPONSIVE COMPANIES
             13.7.3 DYNAMIC COMPANIES
             13.7.4 STARTING BLOCKS
                       FIGURE 60 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET: COMPETITIVE LEADERSHIP MAPPING OF START-UPS, 2022
                       TABLE 154 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET: LIST OF KEY START-UPS
 
14 COMPANY PROFILES (Page No. - 197)
(Business overview, Products offered, Recent developments & MnM View)*
     14.1 KEY PLAYERS 
             14.1.1 MAHINDRA & MAHINDRA LTD.
                       TABLE 155 MAHINDRA & MAHINDRA LTD.: COMPANY OVERVIEW
                       FIGURE 61 MAHINDRA & MAHINDRA LTD.: COMPANY SNAPSHOT
                       TABLE 156 MAHINDRA & MAHINDRA LTD.: ELECTRIC THREE-WHEELER SALES (2019–2021)
                       FIGURE 62 MAHINDRA & MAHINDRA LTD.: MANUFACTURING PLANTS IN INDIA
                       TABLE 157 MAHINDRA & MAHINDRA LTD.: PRODUCTS OFFERED
                       TABLE 158 MAHINDRA & MAHINDRA LTD.: PRODUCT DEVELOPMENTS
                       TABLE 159 MAHINDRA & MAHINDRA LTD.: DEALS
                       TABLE 160 MAHINDRA & MAHINDRA LTD.: OTHERS
             14.1.2 ATUL AUTO LTD.
                       TABLE 161 ATUL AUTO LTD.: COMPANY OVERVIEW
                       FIGURE 63 ATUL AUTO LTD.: COMPANY SNAPSHOT
                       TABLE 162 ATUL AUTO LTD.: PRODUCTS OFFERED
                       TABLE 163 ATUL AUTO LTD.: PRODUCT DEVELOPMENTS
                       TABLE 164 ATUL AUTO LTD.: DEALS
                       TABLE 165 ATUL AUTO LTD.: OTHERS
             14.1.3 PIAGGIO GROUP
                       TABLE 166 PIAGGIO GROUP: COMPANY OVERVIEW
                       FIGURE 64 PIAGGIO GROUP: COMPANY SNAPSHOT
                       TABLE 167 PIAGGIO GROUP: PRODUCTS OFFERED
                       TABLE 168 PIAGGIO GROUP: NEW PRODUCT DEVELOPMENTS
                       TABLE 169 PIAGGIO GROUP: DEALS
                       TABLE 170 PIAGGIO GROUP: OTHERS
             14.1.4 SAERA ELECTRIC AUTO PVT. LTD.
                       TABLE 171 SAERA ELECTRIC AUTO PVT. LTD.: COMPANY OVERVIEW
                       TABLE 172 SAERA ELECTRIC AUTO PVT. LTD.: PRODUCTS OFFERED
                       TABLE 173 SAERA ELECTRIC AUTO PVT. LTD.: NEW PRODUCT DEVELOPMENTS
                       TABLE 174 SAERA ELECTRIC AUTO PVT. LTD.: DEALS
                       TABLE 175 SAERA ELECTRIC AUTO PVT. LTD.: OTHERS
             14.1.5 KINETIC GREEN VEHICLES
                       TABLE 176 KINETIC GREEN VEHICLES: COMPANY OVERVIEW
                       FIGURE 65 KINETIC GREEN VEHICLES: COMPANY SNAPSHOT
                       TABLE 177 KINETIC GREEN VEHICLES: PRODUCTS OFFERED
                       TABLE 178 KINETIC GREEN VEHICLES: PRODUCT DEVELOPMENTS
                       TABLE 179 KINETIC GREEN VEHICLES: DEALS
                       TABLE 180 KINETIC GREEN VEHICLES: OTHERS
             14.1.6 JIANGSU JINPENG GROUP CO., LTD.
                       TABLE 181 JIANGSU JINPENG GROUP CO., LTD.: COMPANY OVERVIEW
                       TABLE 182 JIANGSU JINPENG GROUP CO., LTD.: PRODUCTS OFFERED
                       TABLE 183 JIANGSU JINPENG GROUP CO., LTD.: PRODUCTS (ELECTRIC CARGO) OFFERED
                       TABLE 184 JIANGSU JINPENG GROUP CO., LTD.: DEALS
                       TABLE 185 JIANGSU JINPENG GROUP CO., LTD.: OTHERS
             14.1.7 SKYRIDE AUTOMOTIVE
                       TABLE 186 SKYRIDE AUTOMOTIVE: COMPANY OVERVIEW
                       TABLE 187 SKYRIDE AUTOMOTIVE: PRODUCTS OFFERED
             14.1.8 YATRI ELECTRIC VEHICLE
                       TABLE 188 YATRI ELECTRIC VEHICLE: COMPANY OVERVIEW
                       TABLE 189 YATRI ELECTRIC VEHICLE: PRODUCTS OFFERED
                       TABLE 190 YATRI VEHICLES: PRODUCTS AND FEATURES
             14.1.9 SHADO GROUP INTERNATIONAL PTE. LTD.
                       TABLE 191 SHADO GROUP INTERNATIONAL PTE. LTD.: COMPANY OVERVIEW
                       TABLE 192 SHADO GROUP INTERNATIONAL PTE. LTD.: PRODUCTS OFFERED
                       TABLE 193 SHADO GROUP INTERNATIONAL PTE. LTD.: PRODUCT DEVELOPMENTS
                       TABLE 194 SHADO GROUP INTERNATIONAL PTE. LTD.: DEALS
                       TABLE 195 SHADO GROUP INTERNATIONAL PTE. LTD.: OTHERS
             14.1.10 XIANGHE QIANGSHENG ELECTRIC TRICYCLE FACTORY
                       TABLE 196 XIANGHE QIANGSHENG ELECTRIC TRICYCLE FACTORY: COMPANY OVERVIEW
                       TABLE 197 XIANGHE QIANGSHENG ELECTRIC TRICYCLE FACTORY: PRODUCTS OFFERED
             14.1.11 LOHIA AUTO INDUSTRIES
                       TABLE 198 LOHIA AUTO INDUSTRIES: COMPANY OVERVIEW
                       FIGURE 66 ELECTRIC UTILITY VEHICLES OFFERED BY LOHIA AUTO INDUSTRIES
                       TABLE 199 LOHIA AUTO INDUSTRIES: PRODUCTS OFFERED
                       TABLE 200 LOHIA AUTO INDUSTRIES: NEW PRODUCT DEVELOPMENTS
             14.1.12 TERRA MOTORS CORPORATION
                       TABLE 201 TERRA MOTORS CORPORATION: COMPANY OVERVIEW
                       TABLE 202 TERRA MOTORS CORPORATION: PRODUCTS OFFERED
                       TABLE 203 TERRA MOTORS CORPORATION: NEW PRODUCT DEVELOPMENTS
                       TABLE 204 TERRA MOTORS CORPORATION: DEALS
                       TABLE 205 TERRA MOTORS CORPORATION: OTHERS
             14.1.13 KYBURZ
                       TABLE 206 KYBURZ: COMPANY OVERVIEW
                       TABLE 207 KYBURZ: PRODUCTS OFFERED
*Details on Business overview, Products offered, Recent developments & MnM View might not be captured in case of unlisted companies.
     14.2 OTHER PLAYERS 
             14.2.1 CHANGZHOU YUFENG VEHICLE CO., LTD.
             14.2.2 JIANGSU EAST YONSLAND VEHICLE MANUFACTURING CO., LTD.
             14.2.3 ELECTRIC VEHICLES (THAILAND) CO., LTD.
             14.2.4 PROZZA HIROSE MANUFACTURING INC.
             14.2.5 BAJAJ AUTO
             14.2.6 GAYAM MOTOR WORKS PRIVATE LIMITED
             14.2.7 BEMAC CORPORATION
             14.2.8 SPEEGO VEHICLES CO. PVT. LIMITED
             14.2.9 OMEGA SEIKI PRIVATE LIMITED
             14.2.10 KSL CLEANTECH LIMITED
             14.2.11 ALTIGREEN
             14.2.12 GREEN SHUTTLE TECHNOLOGY PVT. LTD.
             14.2.13 KAWAOKA MACHINERY AND ELECTRIC (NANTONG) CO., LTD.
             14.2.14 BODO VEHICLE GROUP
             14.2.15 J.S. AUTO (P) LTD.
             14.2.16 BAAGH ECO MOTORS
             14.2.17 BEEVATECH LIMITED
             14.2.18 SL MOBILITY
 
15 RECOMMENDATIONS BY MARKETSANDMARKETS (Page No. - 252)
     15.1 INDIA: KEY FOCUS MARKET FOR ELECTRIC THREE-WHEELERS 
     15.2 LAST-MILE DELIVERY, LOGISTICS, SUPPLY CHAIN, AND WAREHOUSING TO CREATE NEW OPPORTUNITIES FOR E-THREE-WHEELER MANUFACTURERS 
     15.3 CONCLUSION 
 
16 APPENDIX (Page No. - 254)
     16.1 KEY INSIGHTS FROM INDUSTRY EXPERTS 
     16.2 DISCUSSION GUIDE 
     16.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 
     16.4 CUSTOMIZATION OPTIONS 
     16.5 RELATED REPORTS 
     16.6 AUTHOR DETAILS 

The study involved four major activities in estimating the current size of the Asia Pacific Electric Three-wheeler Market. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with the industry experts across value chains through primary research. The top-down approach was employed to estimate the total market size. Thereafter, market breakdown and data triangulation were used in estimating the market size of segments and subsegments.

Secondary Research

In the secondary research process, various secondary sources such as company annual reports/presentations, press releases, industry association publications (for example, publications of automobile OEMs), automotive component associations, American Automobile Association (AAA), European Alternative Fuels Observatory (EAFO), International Energy Agency (IEA), country-level automotive associations, automobile magazines, articles, directories, technical handbooks, World Economic Outlook, trade websites, technical articles, and databases (for example, Marklines and Factiva) were used to identify and collect information for an extensive commercial study of the Asia Pacific Electric Three-wheeler Market.

Primary Research

Extensive primary research was conducted after acquiring an understanding of the Asia Pacific Electric Three-wheeler market scenario through secondary research. Several primary interviews were conducted with market experts from both the demand (country-level government associations, trade associations, institutes) and supply sides (OEMs/vehicle manufacturers) across four major countries. 24% of the experts involved in primary interviews were from the demand side, while the remaining 76% were from the supply side.

Primary data was collected through questionnaires, emails, and telephonic interviews. Primary interviews were conducted from various departments within organizations, such as sales, operations, and administration, to provide a holistic viewpoint of the report. After interacting with industry participants, brief sessions were conducted with experienced independent consultants to reinforce the findings from the primaries. This, along with the in-house subject matter experts’ opinions, has led to the findings delineated in the rest of this report. Following is the breakdown of primary respondents:

Breakdown of Primaries

Asia Pacific Electric Three-Wheeler Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

The top-down approach was used to determine the size of the Asia Pacific electric three-wheeler market for Range, Battery Type, Battery Capacity, Motor Power, and Payload Capacity. The total market size in volume (Units) and value (USD million) were derived for these segments using the top-down approach.

Bottom up approach was used to determine market size by country and end-use. The research methodology used to estimate the market size includes the following:

  • The key players in the industry and markets have been identified through extensive secondary research.
  • The industry’s future supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size—using the market size estimation processes as explained above—the market was split into several segments and subsegments. Data triangulation and market breakdown procedures were employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment. The data was triangulated by studying various factors and trends from the supply side.

Market Definition

Electric three-wheelers are plug-in three-wheeled vehicles powered by electric motors. The engine is powered by electricity stored in a rechargeable battery. These vehicles produce no emissions. The top and operational speeds of these electric three-wheelers are determined by battery technology and kind. It covers several kind of electric three-wheelers used for personal and commercial purposes, such as e-rickshaws, e-autos, and e-loaders. The market includes the manufacture, distribution, and sale of these vehicle, as well as the charging infrastructure and support services required.

Key Stakeholders

  • Senior Management
  • End User
  • Finance/Procurement Department

Report Objectives

  • To analyze the Asia Pacific electric three-wheeler market and forecast its volume (units) from 2023 to 2028
  • To provide detailed information regarding major factors (drivers, restraints, opportunities, and challenges) influencing the market growth
  • To segment the market and forecast its size by volume (units) based on motor power
    (below 1000 W, 1000–1500 W, and above 1500 W); battery capacity (below 3 kWh, 3-6 kWh, and above 6 kWh); end-use (passenger carrier and load carrier); range (up to 50 miles and above 50 miles); battery type (lead-acid battery, lithium-ion battery, and others); payload capacity (up to 300 kg, 300–500 kg, and above 500 kg); and country (Bangladesh, India, Indonesia, Japan, Nepal, the Philippines, Sri Lanka, Vietnam, China, Singapore, and Thailand)
  • To analyze the technological developments impacting the market
  • To analyze opportunities for stakeholders and the competitive landscape for market leaders
  • To analyze the market strategically with respect to individual growth trends, prospects, and contributions to the total market
  • To study the following with respect to the market
    • Value Chain Analysis
    • Ecosystem
    • Porter’s Five Forces Analysis
    • Technology Analysis
    • Case Study Analysis
    • Patent Analysis
    • Buying Criteria
  • To track and analyze competitive developments, such as deals (joint ventures, mergers & acquisitions, partnerships, and collaborations), new product developments, and other activities carried out by key industry players
  • To strategically profile key players and comprehensively analyze their market shares and core competencies

Available Customizations

With the given market data, MarketsandMarkets offers customizations in line with company-specific needs.

  • Asia Pacific Electric three-wheeler Market, by Battery Type, at the country level (For countries covered in the report)
  • Asia Pacific Electric three-wheeler Market, by End-use, at the country level (For countries covered in the report)

Company Information

  • Profiling of Additional Market Players (Up to 5)
Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

Request Customization

Instant Answers with GPT - Ask Now!

Ask real questions. Get complete answers !
Report Code
AT 7860
Published ON
Apr, 2023
Choose License Type
BUY NOW
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • What are the Known and Unknown Adjacencies Impacting the Asia Pacific Electric Three-Wheeler Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
CUSTOMIZED WORKSHOP REQUEST
+1-888-600-6441
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
©2023 MarketsandMarkets Research Private Ltd. All rights reserved
DMCA.com Protection Status Website Feedback