Apr 23, 2022   SOURCE: BusinessWire

The Worldwide Electric 3-Wheeler Industry is Expected to Reach $23.2 Billion by 2027 - ResearchAndMarkets.com

The "Electric 3-Wheeler Market Research Report by Range (Above 50 Miles and Up to 50 Miles), Motor Power, Battery Type, End-Use, Region (Americas, Asia-Pacific, and Europe, Middle East & Africa) - Global Forecast to 2027 - Cumulative Impact of COVID-19" report has been added to ResearchAndMarkets.com's offering.

The Global Electric 3-Wheeler Market size was estimated at USD 5,418.26 million in 2021, USD 6,898.07 million in 2022, and is projected to grow at a Compound Annual Growth Rate (CAGR) of 27.48% to reach USD 23,264.19 million by 2027.

Competitive Strategic Window:

The Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies to help the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. It describes the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth during a forecast period.

FPNV Positioning Matrix:

The FPNV Positioning Matrix evaluates and categorizes the vendors in the Electric 3-Wheeler Market based on Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) that aids businesses in better decision making and understanding the competitive landscape.

Market Share Analysis:

The Market Share Analysis offers the analysis of vendors considering their contribution to the overall market. It provides the idea of its revenue generation into the overall market compared to other vendors in the space. It provides insights into how vendors are performing in terms of revenue generation and customer base compared to others. Knowing market share offers an idea of the size and competitiveness of the vendors for the base year. It reveals the market characteristics in terms of accumulation, fragmentation, dominance, and amalgamation traits.

The report provides insights on the following pointers:

1. Market Penetration: Provides comprehensive information on the market offered by the key players

2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets

3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments

4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players

5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:

1. What is the market size and forecast of the Global Electric 3-Wheeler Market?

2. What are the inhibiting factors and impact of COVID-19 shaping the Global Electric 3-Wheeler Market during the forecast period?

3. Which are the products/segments/applications/areas to invest in over the forecast period in the Global Electric 3-Wheeler Market?

4. What is the competitive strategic window for opportunities in the Global Electric 3-Wheeler Market?

5. What are the technology trends and regulatory frameworks in the Global Electric 3-Wheeler Market?

6. What is the market share of the leading vendors in the Global Electric 3-Wheeler Market?

7. What modes and strategic moves are considered suitable for entering the Global Electric 3-Wheeler Market?

Market Dynamics

Drivers

  • Increasing awareness about harmful effects from gasoline and diesel vehicles
  • Rising demand for electric vehicle in developed countries
  • Government initiative and regulation

Restraints

  • Limited battery capacity and underdeveloped infrastructure

Opportunities

  • Rising investment in infrastructure development
  • Increasing technological advancement in electric vehicles

Challenges

  • Lack of awareness regarding electric vehicles

Companies Mentioned

  • Altigreen
  • Atul Auto Ltd.
  • Bajaj Auto
  • Beevatech Limited
  • Bemac Corporation
  • Changzhou Yufeng Vehicle Co., Ltd.
  • Electric Vehicles (Thailand) Co., Ltd.
  • Gayam Motor Works Private Limited
  • Green Shuttle Technology Pvt. Ltd.
  • Jiangsu East Yonsland Vehicle Manufacturing Co., Ltd.
  • Jiangsu Jinpeng Group Co., Ltd.
  • Kawaoka Machinery and Electric (Nantong) Co., Ltd.
  • Kinetic Engineering Limited
  • KSL Cleantech Ltd.
  • Lohia Auto Industries
  • Mahindra & Mahindra Ltd.
  • Omega Seiki Private Limited
  • Piaggio Group
  • Prozza Hirose Manufacturing Inc. (Philippines)
  • Shado Group International Pte. Ltd.
  • Skyride Automotive
  • SL Mobility
  • Speego Vehicles Co. Pvt. Limited
  • Terra Motors Corporation
  • Xianghe Qiangsheng Electric Tricycle Factory

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