Electric Three Wheeler Market in APAC 2016-2020
| Published: Jan 2016 | Pages: 45 | SKU: IRTNTR7949 |
Market outlook of the electric three wheeler market in APAC
Technavio’s market research analyst estimates the electric three wheeler market in APAC to grow at a healthy CAGR of around 7% by 2020. Government subsidies and incentives to increase the manufacturing and sales of electric three wheel vehicles are anticipated to be the primary growth impelling factors for this market. The ability of electric three wheelers to aid in the transportation of passengers and goods in countries like China, India, and Japan is estimated to result in this market’s healthy growth rate during the forecast period.
The low ownership, operating, and maintenance cost of electric three wheelers (E3Ws) is the key driver for the growth of this market. Due to their design, electric vehicles have low maintenance costs when compared to conventional vehicles. The vendors’ growing focus on improving the vehicle technology and reducing the total cost of maintenance are expected to attract more buyers during the forecast period.
Competitive landscape and key vendors
The electric three-wheeler market in APAC has limited vendors and is characterized by rapid technological innovations. Growing investments towards the development of lighter electric three wheeler vehicles with higher drive range are expected to augment vehicle sales during the forecast period. The vendors in this market compete on the basis of design, better technology, and range and performance of these vehicles to gain an edge over their rivals.
The top vendors in the market are -
- Chongqing Bajaj Machinery
- Qiangsheng Electric Tricycle Factory
- Scooters India
- Terra Motors
Geographical segmentation of the electric three wheeler market by key countries
- China
- India
- Japan
Technavio market research analysts estimate China to be the biggest market for E3Ws during the forecast period. This region presently accounts for a share of more than 39% of the overall market and is envisaged to bolster its market share by the end of 2020 owing to the government’s growing preference for EVs. This growing preference for EVs is anticipated to reduce China’s reliance on fuel imports and is also estimated to reduce the level of air pollution, which is pertinent in this region.
Key questions answered in the report include
- What will the market size and the growth rate be in 2020?
- What are the key factors driving the electric three wheeler market in APAC?
- What are the key market trends impacting the growth of the electric three wheeler market in APAC?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the vendors in the electric three wheeler market in APAC?
- What are the key outcomes of the five forces analysis of the electric three wheeler market in APAC?
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Table of contents
PART 01: Executive summary
- Highlights
PART 02: Scope of the report
- Market overview
- Top-vendor offerings
PART 03: Market research methodology
- Research methodology
- Economic indicators
PART 04: Introduction
- Key market highlights
- EV charging technologies
PART 05: Market landscape
- Five forces analysis
PART 06: Key leading countries
PART 07: Market drivers
- Subsidy schemes
- Low ownership, operating, and maintenance costs
- Growing demand for eco-friendly transportation
- Shift in manufacturing base for Li-ion batteries from Japan to China
PART 08: Impact of drivers
PART 09: Market challenges
PART 10: Impact of drivers and challenges
PART 11: Market trends
PART 12: Vendor landscape
- Competitive scenario
PART 13: Key vendor analysis
- Chongqing Bajaj Machinery
- Scooters India
- Terra Motors
- Qiangsheng Electric Tricycle Factory
PART 14: Appendix
- List of abbreviations
PART 15: Explore Technavio
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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Key Questions Answered
- What are the key global market and the regional market share?
- What are the revenue-generating key market segments?
- What are the key factors driving and challenging this market’s growth?
- Who are the key market vendors and their growth strategies?
- What are the latest trends influencing the growth of this market?
- What are the variables influencing the market growth in the primary regions?
- What are the factors influencing the growth of the parent market?
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