1. Market Research
  2. > Energy & Environment
  3. > Energy
  4. > Electric Power
  5. > Energy Storage Market Trends
Asia-Pacific Electric Three-Wheeler Market by Vehicle, by Motor Power, by Battery, by Geography - Market Size, Share, Development, Growth, and Demand Forecast, 2013-2023

Asia-Pacific Electric Three-Wheeler Market by Vehicle, by Motor Power, by Battery, by Geography - Market Size, Share, Development, Growth, and Demand Forecast, 2013-2023

  • October 2018
  • 70 pages
  • ID: 5731289
  • Format: PDF
  • By Prescient & Strategic Intelligence Private Limited

Summary

Table of Contents

Asia-Pacific (APAC) Electric Three-Wheeler Market by Vehicle (Passenger Carrier, Load Carrier), by Motor Power (1,500 W), by Battery (SLA, Li-ion), by Geography (China, India, Japan, Indonesia, Philippines, South Korea, Malaysia, Singapore, Bangladesh, Nepal, Thailand) - Market Size, Share, Development, Growth, and Demand Forecast, 2013-2023

The APAC electric three-wheeler market is projected to reach $11,935.1 million by 2023, the growth of the market is predominantly driven by the low ownership cost of electric three-wheelers, falling battery prices, and favourable government policies and support.

On the basis of vehicle, the APAC electric three-wheeler market can be classified into passenger carrier and load carrier. The passenger carrier category recorded higher sales between the two and is expected to continue being the leading category in the market during the forecast period, much of which can be owed to the demand for low-cost shared mobility and the presence of large consumer base in the region. However, it is the load carrier category that is expected to grow faster during the forecast period, owing to the growing e-commerce industry and low operational cost of electric load carrier as compared to the conventional fuel-based load carrier.

Based on the motor power, the APAC electric three-wheeler market can be categorized into electric three-wheelers of less than 1,000 W, 1,000–1,500 W, and more than 1,500 W motor power. Electric three-wheelers with motor power lying in the range 1,000–1,500 W dominated the market in terms of sales volume in 2017, as it held a market share of over 50%. Also, in the APAC region, majority of the electric three-wheelers come equipped with the motors lying in the range 1,000–1,500 W due to their operational cost benefits. However, because of the growing demand for high-speed electric three-wheelers and entry of conventional fuel-based three-wheeler manufacturers into the electric three-wheeler market, the market for electric three-wheelers equipped with higher motor power is poised to grow during the forecast period.

The battery-powered electric three-wheelers are cost effective as compared to their conventional gasoline-based three-wheelers. It is so because the electric three-wheelers use stored electric charge as the fuel, which costs lesser than the gasoline (price per kilometer). The operational cost of electric three-wheeler is approximately six times lesser than a gasoline and diesel counterpart. Moreover, the electric three-wheelers have fewer moving parts, and therefore, there is lesser break or wear out of the components. It is the reason why the maintenance costs for these vehicles are significantly lesser than their conventional counterparts. With the aforementioned factors taken into account, the ownership cost of an electric three-wheeler is much lesser than that of conventional gasoline three-wheeler, which is driving the growth of the APAC electric three-wheeler market.

The fuel stations required for the conventional petrol/diesel-based three-wheelers are there in an adequate number as compared to the battery-powered electric three-wheelers. At present, the charging infrastructure growth for electric three-wheelers is poor in many Asian countries such as India and Bangladesh. Much of which can be attributed to the lack of proper guidelines for state-run agencies which are responsible for floating the tenders for charging stations.

For instance, in September 2017, the Energy Efficiency Services Limited (EESL), an energy service company of the Government of India, floated a tender for 4,000 EV charging stations, which was scrapped on the grounds of lack of clarity in terms of specifications and charger testing criteria. Also, in Bangladesh, the demand for excess power for charging stations has hindered the installation of charging stations. To supply the excess power, the national grid in the country has to provide over 500 MW daily, thus, creating a burden on the national grid and interrupting the installation of more charging stations in the country. Therefore, it can be said that the inadequate charging infrastructure is hindering the growth of the APAC electric three-wheeler market.

Some of the key manufacturers in the APAC electric three-wheeler market are Terra Motors Corporation, Xianghe Qiangsheng Electric Tricycle Factory, Jiangsu Kingbon Vehicle Co. Ltd., Changzhou Yufeng Vehicle Co. Ltd., Kinetic Green Energy & Power Solutions Ltd., Jiangsu East Yonsland Vehicle Manufacturing Co. Ltd., ATUL Auto Ltd., and Lohia Auto Industries.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.
Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers
E-Bike Market to 2027 - Global Analysis and Forecast by Battery Type ; Motor Type ; Class ; Mode

E-Bike Market to 2027 - Global Analysis and Forecast by Battery Type ; Motor Type ; Class ; Mode

  • $ 4550
  • January 2020

The global e-bike market accounted for US$ 35,862.5 Bn in 2018 and is expected to grow at a CAGR of 23.6% over the forecast period 2019–2027, to account for US$ 224,014.2 Bn in 2027. During the forecast ...

Global E-bike Market 2020-2024

Global E-bike Market 2020-2024

  • $ 2500
  • January 2020

Global E-Bike Market 2020-2024The analyst has been monitoring the global e-bike market and it is poised to grow by 8118.92 thousand units during 2020-2024, progressing at a CAGR of 4% during the forecast ...

E-Bike Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024

E-Bike Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024

  • $ 2499
  • October 2019

The global e-bike market reached a value of US$ 19.6 Billion in 2018. An e-bike or electronic bicycle is a standard bicycle which is equipped with an electric motor, a battery and a drivetrain. The bike ...


ref:plp2018

Reportlinker.com © Copyright 2020. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on