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Showing posts with label Three Wheeler Market. Show all posts
Showing posts with label Three Wheeler Market. Show all posts
Monday, 11 January 2021
Thursday, 10 December 2020
India Three Wheeler Market to be Dominated by Passenger Carrier Segment through FY2026 – TechSci Research
Increasing need of last mile connectivity and lack of public transportation to drive the growth of India three wheeler market in the coming years.
According to TechSci Research report, “India Three Wheeler Market By Vehicle Type (Passenger Carrier & Load Carrier), By Fuel Type (ICE) (Diesel & Petrol/CNG), By Battery Capacity (Electric) (<101 Ah & >101 Ah), By Region, Forecast & Opportunities, FY2016 – FY2026”, India three wheeler market is forecast to grow at double digit CAGR during the forecast period. Need for last mile connectivity is rising and three-wheelers being an inexpensive & eco-friendly alternative to cabs and taxi with better fuel economy are gaining popularity. Additionally, three wheelers require low maintenance & have lower cost of ownership, contributing to the increased share of the three market in India.
India three wheeler market is segmented based on vehicle type, fuel type (ICE), battery capacity (Electric) and by region. Based on vehicle type, the market can be categorized into passenger carrier & load carrier. The three wheeler market of the country is dominated by passenger carrier segment, followed by the load carrier segment. As transport three wheelers are an economical alternative to the four wheeled taxis & cabs owners and hence share for passenger carrier segment is high. Nevertheless, due to industries recognizing three wheelers as a cheaper light commercial vehicle for intracity transportation of goods, share of load carrier is also increasing at an impressive rate. Based on fuel type, ICE three wheelers are segmented into diesel and petrol/CNG. Market is currently dominated by diesel three wheelers because of their economic fuel consumption but due to rising environment concerns & government restrictions, petrol & alternative fuel driven three wheelers are expected to witness growth in the forthcoming years.
Browse 12 market data Tables and 32 Figures spread through 112 Pages and an in-depth TOC on "India Three Wheeler Market "
https://www.techsciresearch.com/report/india-three-wheeler-market/3038.html
Leading players operating in India three wheeler market are Bajaj Auto Ltd., Piaggio Vehicles Private Limited (India), Mahindra & Mahindra Ltd., Atul Auto Limited, TVS Motor Company Limited, Saera Electric Auto Pvt. Ltd., Lohia Auto Industries, Scooters India Limited, Clean Motion India and Kinetic Green Energy & Power Solutions Ltd. Bajaj Auto Ltd. grabbed a major portion of market share in the country's three-wheeler market, and the company's dominance is expected to continue through FY2026. Key growth strategies being adopted by leading three-wheeler manufacturers in the country are product innovation, collaborations, mergers & acquisitions, and joint ventures.
Download sample report @ https://www.techsciresearch.com/sample-report.aspx?cid=3038
customers can also request for 10% free customization on this report.
“In the wake of rising air pollution levels, the government of India is encouraging people to opt for electric Three-Wheelers rather than those which run on fossil fuels. As a result, the government is offering various incentives and subsidies to the electric Three-Wheeler buyers, including exempting these electric Three-Wheelers from various taxes. Electric Three-Wheeler market is highly unorganized and comprises small assemblers that import cheap parts from China. These unorganized players are present widely in India and assemble parts and locally design electric Three-Wheeler vehicles.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“India Three Wheeler Market By Vehicle Type (Passenger Carrier & Load Carrier), By Fuel Type (ICE) (Diesel & Petrol/CNG), By Battery Capacity (Electric) (<101 Ah & >101 Ah), By Region, Forecast & Opportunities, FY2016 – FY2026” has analysed the potential of India three-wheeler market, and provides information and statistics on market structure, size and trends. The report is designed to provide the intending clients with cutting-edge market intelligence and help them in taking sound investment decisions. The report also identifies and analyses emerging trends along with essential drivers and key challenges faced by India Three Wheeler market.
Browse Related Reports
India Electric Two-Wheeler Market By Vehicle Type (Electric Scooter and Electric Motorcycle), By Voltage Capacity (48-59V, 60-72V, 73-96V & Above 96V), By Battery Type, By Motor Placement, Competition, Forecast and Opportunities, FY 2026F
https://www.techsciresearch.com/report/india-electric-two-wheeler-market/1668.html
APAC Two Wheeler Market By Vehicle Type (Scooter/Moped, Motorcycle), By Engine Capacity (Up to 125cc, 126cc- 250cc, 251-500cc & Above 500cc), By Country (India, China, Indonesia, Vietnam, Pakistan, Philippines, Thailand, Bangladesh, Malaysia, Japan, and Rest of the APAC), Competition, Forecast & Opportunities, 2025
https://www.techsciresearch.com/report/apac-two-wheeler-market/5034.html
About TechSci Research
TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research based consulting assignments in high growth and emerging markets, leading technologies, and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.
Contact
Mr. Ken Mathews
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New York – 10017
Tel: +1-646-360-1656
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website : https://www.techsciresearch.com
Monday, 8 July 2019
Three Wheeler Market to Grow at over 12% CAGR until 2024
Growing inclination towards
last mile delivery along with massive demand from passenger transportation
sector to drive global three wheeler market during forecast period.
According
to TechSci Research report, “Global
Three Wheeler Market By Vehicle Type, By Fuel Type, By Region,
Competition Forecast & Opportunities, 2014 – 2024”, global three wheelers market is projected to
grow at a CAGR of over 12% during the forecast period. The growth of the market
is majorly attributable to the low price and efficient performance of three wheelers
in last mile delivery compared to medium and heavy commercial vehicles. Factors
like growing demand from freight and logistics service providers for last mile
delivery, public transportation used for the connectivity and increasing inclination
of consumers towards small and easy manoeuvrable automobile are further
anticipated to fuel demand for three-wheelers.
Browse 7 market data Tables and 149 Figures spread through 204 Pages and an
in-depth TOC on "Global Three Wheeler Market"
Customers
can also request for 10% free customization on this report.
With an
expanding volume share of over 54%, passenger carrier three wheeler segment
dominated the global three wheeler market in 2018, followed by load carrier
segment. The growth of passenger carrier three wheeler segment is led by their
expanding fleet, rising transportation needs across different regions. Although,
three wheelers market in Asia-Pacific witnessed a promising CAGR during 2014-2018
due to local manufacturing and demand as well as growth in overall economy,
however, the government across different countries in the region are taking initiatives
to move towards the usage of alternative energy, i.e., electrification of
vehicles. Additionally, the demand for three wheeler vehicles grown in Africa
region during 2014-18 due to high rate of inflation, currency devaluation and
absence of heavy transportation vehicle manufacturing in the entire region.
Major non-electric
three-wheeler giants such as Bajaj, TVS, Piaggio, etc., have enhanced their
product offering to gather more customer concentration towards their products. On
the other hand, many Chinese electric three-wheeler manufacturers such as Zongshen,
Jinpeng, Zbee, etc., have also intensified their business operation by expanding
their product distribution network globally as well collaborated with global
companies to enhance the quality of their product by investing in research and
development. Several global companies are also investing intensively to provide
their customers with more affordable and less costly three-wheelers.
“Growing
presence of various multinational companies such as Bajaj, TVS, Piaggio, etc.
coupled with their continued research and developments to meet the customized
demand in different regions of the world as well as to offer a wide product range
is expected to intensify competition in the global three-wheeler market in the
coming years. Moreover, rising average selling price of three-wheelers along
with their growing sales are further anticipated to boost revenue of global
three-wheeler market during the forecast period.” said Mr. Karan Chechi,
Research Director with TechSci Research, a research based global management
consulting firm.
“Global Three-Wheeler
Market By Vehicle Type, By Fuel Type, By Region, Competition
Forecast & Opportunities, 2014 – 2024” has analyzed the potential of three-wheeler
market globally, and provides statistics and information on market
sizes, shares and trends. The report will suffice in providing the intending
clients with cutting-edge market intelligence and help them in taking sound
investment decisions. Besides, the report also identifies and analyses emerging
trends along with essential drivers and key challenges faced by global
three-wheeler market across the world.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
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