Apr 27, 2020 (Reporthive Research via COMTEX) -- Chicago, United States: - The Three Wheeler Market 2020 research report added by Report Hive, is an in-depth analysis of the latest developments, market size, status, upcoming technologies, industry drivers, challenges, regulatory policies, with key company profiles and strategies of players. The research study provides market overview, Three Wheeler market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Three Wheeler market size forecast, market data & Graphs and Statistics, Tables, Bar & Pie Charts, and many more for business intelligence.
The Three Wheeler Market report covers key technological developments in the recent times and profiles leading players in the market and analyzes their key strategies. The competitive landscape section of the report provides a clear insight into the market share analysis of key industry players.
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Top Key players cited in the report:ATUL Auto Limited, Bajaj Auto Ltd, J.S. Auto (P) Ltd., Mahindra & Mahindra Ltd., Piaggio & C. SpA and more.....
The global three-wheeler market was valued at US$ 9.14 billion in 2018 and is expected to grow at a CAGR of 4.9% during 2019-2027 to reach US$ 13.73 billion by 2027.
The developing economies are providing lucrative opportunities for international automotive manufacturers to expand their business, which would eventually lead to the introduction of three wheelers in the market. This would eventually propel the growth and adoption of three wheelers in these economies. The three-wheeler market is witnessing massive growth as a means of urban transport in India. Huge population and increasing demand for comparable urban mobility is driving the market for three wheelers in India. The three-wheeler market in APAC includes countries such as South Korea, India, China, Japan, Australia, and the Rest of APAC. The three-wheeler market for snowmobiles and touring motorcycles are expected to witness substantial growth in North American and Latin America during the forecast period. The prominent importers of three wheelers from Asian manufacturers are Northern Africa, ASEAN, and Latin America.
The massive populations of China and India along with increasing middle-class population and growing automotive sector in both the countries are the important factors leading to the adoption of three-wheeler vehicles in the region. Additionally, these countries are the hub for various local automakers, which are focusing on the development of three-wheeler vehicles, commonly known as auto-rickshaw/tuk-tuk. The presence of a large number of manufacturers in countries such as China and Japan has facilitated the rapid growth of the automotive industry in this region. Moreover, China is the largest producer of passenger cars across the globe, as well as also accounted for 90% of the global electric vehicle production in 2019. It has been noted that the adoption rate of e-rickshaw and e-scooters in these countries are relatively high compared to other regions in the world. The continuous economic growth in developed and developing countries, such as India and China, is making APAC a leading region for three-wheeler market.
The three-wheeler market is segmented into type, fuel type, and geography. Based on type, the three-wheeler market is segmented into passenger carrier and goods carrier. Based on fuel type, the three-wheeler market is segmented into diesel, petrol, CNG, LPG, and electric. Based on geography, the three-wheeler market is fragmented into North America, Europe, Asia Pacific, and the Rest of the World.
The overall size of global three-wheeler market is analyzed using primary and secondary sources. The research process begins with extensive secondary research using internal and external sources to obtain qualitative and quantitative information related to the global three-wheeler market. It also provides an overview and forecast for the three-wheeler market based on all the segmentations provided for the global regions. Also, primary interviews were conducted with industry participants and commentators to validate and analyze the data. The participants who take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers, and external consultants such as valuation experts, research analysts, and key opinion leaders specialized in three wheelers.
The research report is committed to giving its readers an unbiased point of view of the global Three Wheeler market. Thus, along with statistics, it includes opinions and recommendation of market experts. This allows the readers to acquire a holistic view of the global market and the segments therein. The research report includes the study of the market segments on the basis of type, application, and region. This helps in identifying segment-specific drivers, restraints, threats, and opportunities.
Global Three Wheeler Market: Regional Segments
The chapter on regional segmentation details the regional aspects of the global Three Wheeler market. This chapter explains the regulatory framework that is likely to impact the overall market. It highlights the political scenario in the market and the anticipates its influence on the global Three Wheeler market.
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