Trike Market By Propulsion (IC Engine, Electric, Human Powered), By Application (Helthcare, Leisure, Others), By Type (Reverse, Delta): Global Opportunity Analysis and Industry Forecast, 2023-2032

Description

List of Tables

According to a new report published by Allied Market Research, titled, "Trike Market," The trike market was valued at $2.6 billion in 2022, and is estimated to reach $5.2 billion by 2032, growing at a CAGR of 7.6% from 2023 to 2032.

Trike events are exciting and engaging activities that involve riding tricycles for a specific purpose, often to support charitable causes, promote physical and mental well-being, and foster community engagement. These events bring people together for a fun and meaningful experience, and participants have various reasons for taking part. People participate in trike events is to support charitable causes. Therefore, these events are often organized as fundraisers to raise money for organizations or individuals in need. The funds raised can make a significant impact on the lives of those in need. This aspect of trike events allows people to contribute to a greater cause while enjoying the thrill of the event. In August 2023, an event in Ohio Brecksville was successfully occurred where people rode trike and bicycle to fund and support pediatric cancer research.

Trikes are beneficial for the health and fitness of an individual. Riding a trike can reduce stress and helps in to develop muscle strength. It is an engaging activity therefore it can enhance cognitive function and promote cardiovascular health. Trikes are also used by the elderly people as the three wheels provide support and comfort with fun and enjoyable way to improve their well-being.

Aside from the philanthropic and health-related features, many people join in trike events simply for the enjoyment of riding and being a part of a recreational activity. Trike activities provide a unique and enjoyable experience for individuals of all ages. These activities provide a fun and unique experience for everybody engaged, whether it is the excitement of the ride, the camaraderie of participating with others, or the delight of supporting a good cause. For instance, in 2023, Harley Davidson organized global H.O.G rallies where riders can meet fellow Harley Davidson members and can ride together. In H.O.G rallies trike riders are also invited regarding of any age. As these rallies provide unique experience to the riders and helps riders to be a part of recreational activity.

Trikes can be propelled with internal combustion engines, electric motors, and human strength. Internal combustion engine trikes provide a diverse form of transportation and entertainment. These vehicles are often utilized for leisurely rides, touring, and commuting, and they provide users with an exciting and distinctive experience. Because of their small size and mobility, they are great for traversing urban situations while still providing the freedom of the wide road. Furthermore, due to their stability and cargo-carrying capabilities, IC engine trikes are frequently used in a variety of commercial applications such as delivery services and tourism. IC engine trikes are a dynamic and efficient mode of travel and exploration, whether for personal fun or utilitarian needs. Whereas, the electric trike offers a sustainable and efficient mode of transportation for urban commuting, delivery services, and recreational use. E-trikes are eco-friendly, producing zero emissions and reducing noise pollution. They provide a stable and accessible alternative for individuals with mobility challenges, making them ideal for last-mile delivery services and passenger transport in congested city centers. Additionally, e-trikes are popular among eco-conscious consumers seeking a fun and practical way to navigate urban environments while reducing their carbon footprint. The human powered trikes rely on human pedaling for the propulsion. It is preferred by health enthusiast, and eco conscious commuters. The human powered trikes are used for tourism, and leisure activity. They are also preferred by people with locomotor disability for the transportation purpose.

The trike market is segmented into propulsion, application, type, and region. By propulsion, the market is classified into IC engine, electric, and human powered. By application, the market is classified into healthcare, leisure, and others. By type, the market is bifurcated into reverse trike and delta trike. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key players in the trike market include: Harley Davidson Inc., Piaggio & C. SpA, KWANG YANG MOTOR CO., LTD., BRP, YAMAHA MOTOR CO., LTD, Polaris Inc., Campagna Motors Inc., Arcimoto, Electric Bike Technologies Inc., Boss Hoss Cycles, Inc.

Key Benefits For Stakeholders

This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the trike market analysis from 2022 to 2032 to identify the prevailing trike market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the trike market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global trike market trends, key players, market segments, application areas, and market growth strategies.

Additional benefits you will get with this purchase are:

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5 additional Company Profile of client Choice pre- or Post-purchase, as a free update.
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New Product Development/ Product Matrix of Key Players
Brands Share Analysis
SWOT Analysis

Key Market Segments

By Propulsion

Electric
Human Powered
IC Engine

By Application

Helthcare
Leisure
Others

By Type

Reverse
Delta

By Region

North America
- U.S.
- Canada
- Mexico
Europe
- Germany
- France
- Italy
- UK
- Rest of Europe
Asia-Pacific
- China
- Japan
- South Korea
- Australia
- Rest of Asia-Pacific
LAMEA
- Latin America
- Middle East
- Africa

Key Market Players:

Piaggio & C. SpA
Polaris Inc.
Arcimoto
Campagna Motors Inc.
KWANG YANG MOTOR CO., LTD.
BRP
Yamaha Motor Co., Ltd.
Harley Davidson, Inc.
Boss Hoss Cycles, Inc.
Electric Bike Technologies Inc.

Product Code: A10085

CHAPTER 1: INTRODUCTION

1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO Perspective

CHAPTER 3: MARKET OVERVIEW

3.1. Market definition and scope
3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
3.3. Porter's five forces analysis
- 3.3.1. Low bargaining power of suppliers
- 3.3.2. Low threat of new entrants
- 3.3.3. Low threat of substitutes
- 3.3.4. Low intensity of rivalry
- 3.3.5. Low bargaining power of buyers
3.4. Market dynamics
- 3.4.1. Drivers
  - 3.4.1.1. Rising interest in leisure and recreational trikes
  - 3.4.1.2. Accessible to people with locomotor disability
- 3.4.2. Restraints
  - 3.4.2.1. Competition from other mobility options
  - 3.4.2.2. High price of trikes
- 3.4.3. Opportunities
  - 3.4.3.1. Growth of electric trikes
  - 3.4.3.2. Customization and Personalization in trikes

CHAPTER 4: TRIKE MARKET, BY PROPULSION

4.1. Overview
- 4.1.1. Market size and forecast
4.2. IC Engine
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
4.3. Electric
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country
4.4. Human Powered
- 4.4.1. Key market trends, growth factors and opportunities
- 4.4.2. Market size and forecast, by region
- 4.4.3. Market share analysis by country

CHAPTER 5: TRIKE MARKET, BY APPLICATION

5.1. Overview
- 5.1.1. Market size and forecast
5.2. Helthcare
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
5.3. Leisure
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country
5.4. Others
- 5.4.1. Key market trends, growth factors and opportunities
- 5.4.2. Market size and forecast, by region
- 5.4.3. Market share analysis by country

CHAPTER 6: TRIKE MARKET, BY TYPE

6.1. Overview
- 6.1.1. Market size and forecast
6.2. Reverse
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by region
- 6.2.3. Market share analysis by country
6.3. Delta
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by region
- 6.3.3. Market share analysis by country

CHAPTER 7: TRIKE MARKET, BY REGION

7.1. Overview
- 7.1.1. Market size and forecast By Region
7.2. North America
- 7.2.1. Key market trends, growth factors and opportunities
- 7.2.2. Market size and forecast, by Propulsion
- 7.2.3. Market size and forecast, by Application
- 7.2.4. Market size and forecast, by Type
- 7.2.5. Market size and forecast, by country
  - 7.2.5.1. U.S.
  - 7.2.5.1.1. Market size and forecast, by Propulsion
  - 7.2.5.1.2. Market size and forecast, by Application
  - 7.2.5.1.3. Market size and forecast, by Type
  - 7.2.5.2. Canada
  - 7.2.5.2.1. Market size and forecast, by Propulsion
  - 7.2.5.2.2. Market size and forecast, by Application
  - 7.2.5.2.3. Market size and forecast, by Type
  - 7.2.5.3. Mexico
  - 7.2.5.3.1. Market size and forecast, by Propulsion
  - 7.2.5.3.2. Market size and forecast, by Application
  - 7.2.5.3.3. Market size and forecast, by Type
7.3. Europe
- 7.3.1. Key market trends, growth factors and opportunities
- 7.3.2. Market size and forecast, by Propulsion
- 7.3.3. Market size and forecast, by Application
- 7.3.4. Market size and forecast, by Type
- 7.3.5. Market size and forecast, by country
  - 7.3.5.1. Germany
  - 7.3.5.1.1. Market size and forecast, by Propulsion
  - 7.3.5.1.2. Market size and forecast, by Application
  - 7.3.5.1.3. Market size and forecast, by Type
  - 7.3.5.2. France
  - 7.3.5.2.1. Market size and forecast, by Propulsion
  - 7.3.5.2.2. Market size and forecast, by Application
  - 7.3.5.2.3. Market size and forecast, by Type
  - 7.3.5.3. Italy
  - 7.3.5.3.1. Market size and forecast, by Propulsion
  - 7.3.5.3.2. Market size and forecast, by Application
  - 7.3.5.3.3. Market size and forecast, by Type
  - 7.3.5.4. UK
  - 7.3.5.4.1. Market size and forecast, by Propulsion
  - 7.3.5.4.2. Market size and forecast, by Application
  - 7.3.5.4.3. Market size and forecast, by Type
  - 7.3.5.5. Rest of Europe
  - 7.3.5.5.1. Market size and forecast, by Propulsion
  - 7.3.5.5.2. Market size and forecast, by Application
  - 7.3.5.5.3. Market size and forecast, by Type
7.4. Asia-Pacific
- 7.4.1. Key market trends, growth factors and opportunities
- 7.4.2. Market size and forecast, by Propulsion
- 7.4.3. Market size and forecast, by Application
- 7.4.4. Market size and forecast, by Type
- 7.4.5. Market size and forecast, by country
  - 7.4.5.1. China
  - 7.4.5.1.1. Market size and forecast, by Propulsion
  - 7.4.5.1.2. Market size and forecast, by Application
  - 7.4.5.1.3. Market size and forecast, by Type
  - 7.4.5.2. Japan
  - 7.4.5.2.1. Market size and forecast, by Propulsion
  - 7.4.5.2.2. Market size and forecast, by Application
  - 7.4.5.2.3. Market size and forecast, by Type
  - 7.4.5.3. South Korea
  - 7.4.5.3.1. Market size and forecast, by Propulsion
  - 7.4.5.3.2. Market size and forecast, by Application
  - 7.4.5.3.3. Market size and forecast, by Type
  - 7.4.5.4. Australia
  - 7.4.5.4.1. Market size and forecast, by Propulsion
  - 7.4.5.4.2. Market size and forecast, by Application
  - 7.4.5.4.3. Market size and forecast, by Type
  - 7.4.5.5. Rest of Asia-Pacific
  - 7.4.5.5.1. Market size and forecast, by Propulsion
  - 7.4.5.5.2. Market size and forecast, by Application
  - 7.4.5.5.3. Market size and forecast, by Type
7.5. LAMEA
- 7.5.1. Key market trends, growth factors and opportunities
- 7.5.2. Market size and forecast, by Propulsion
- 7.5.3. Market size and forecast, by Application
- 7.5.4. Market size and forecast, by Type
- 7.5.5. Market size and forecast, by country
  - 7.5.5.1. Latin America
  - 7.5.5.1.1. Market size and forecast, by Propulsion
  - 7.5.5.1.2. Market size and forecast, by Application
  - 7.5.5.1.3. Market size and forecast, by Type
  - 7.5.5.2. Middle East
  - 7.5.5.2.1. Market size and forecast, by Propulsion
  - 7.5.5.2.2. Market size and forecast, by Application
  - 7.5.5.2.3. Market size and forecast, by Type
  - 7.5.5.3. Africa
  - 7.5.5.3.1. Market size and forecast, by Propulsion
  - 7.5.5.3.2. Market size and forecast, by Application
  - 7.5.5.3.3. Market size and forecast, by Type

CHAPTER 8: COMPETITIVE LANDSCAPE

8.1. Introduction
8.2. Top winning strategies
8.3. Product mapping of top 10 player
8.4. Competitive dashboard
8.5. Competitive heatmap
8.6. Top player positioning, 2022

CHAPTER 9: COMPANY PROFILES

9.1. Harley Davidson, Inc.
- 9.1.1. Company overview
- 9.1.2. Key executives
- 9.1.3. Company snapshot
- 9.1.4. Operating business segments
- 9.1.5. Product portfolio
- 9.1.6. Business performance
- 9.1.7. Key strategic moves and developments
9.2. Piaggio & C. SpA
- 9.2.1. Company overview
- 9.2.2. Key executives
- 9.2.3. Company snapshot
- 9.2.4. Operating business segments
- 9.2.5. Product portfolio
- 9.2.6. Business performance
- 9.2.7. Key strategic moves and developments
9.3. KWANG YANG MOTOR CO., LTD.
- 9.3.1. Company overview
- 9.3.2. Key executives
- 9.3.3. Company snapshot
- 9.3.4. Operating business segments
- 9.3.5. Product portfolio
- 9.3.6. Key strategic moves and developments
9.4. BRP
- 9.4.1. Company overview
- 9.4.2. Key executives
- 9.4.3. Company snapshot
- 9.4.4. Operating business segments
- 9.4.5. Product portfolio
- 9.4.6. Business performance
- 9.4.7. Key strategic moves and developments
9.5. Yamaha Motor Co., Ltd.
- 9.5.1. Company overview
- 9.5.2. Key executives
- 9.5.3. Company snapshot
- 9.5.4. Operating business segments
- 9.5.5. Product portfolio
- 9.5.6. Business performance
- 9.5.7. Key strategic moves and developments
9.6. Polaris Inc.
- 9.6.1. Company overview
- 9.6.2. Key executives
- 9.6.3. Company snapshot
- 9.6.4. Operating business segments
- 9.6.5. Product portfolio
- 9.6.6. Business performance
- 9.6.7. Key strategic moves and developments
9.7. Campagna Motors Inc.
- 9.7.1. Company overview
- 9.7.2. Key executives
- 9.7.3. Company snapshot
- 9.7.4. Operating business segments
- 9.7.5. Product portfolio
9.8. Arcimoto
- 9.8.1. Company overview
- 9.8.2. Key executives
- 9.8.3. Company snapshot
- 9.8.4. Operating business segments
- 9.8.5. Product portfolio
- 9.8.6. Business performance
- 9.8.7. Key strategic moves and developments
9.9. Electric Bike Technologies Inc.
- 9.9.1. Company overview
- 9.9.2. Key executives
- 9.9.3. Company snapshot
- 9.9.4. Operating business segments
- 9.9.5. Product portfolio
9.10. Boss Hoss Cycles, Inc.
- 9.10.1. Company overview
- 9.10.2. Key executives
- 9.10.3. Company snapshot
- 9.10.4. Operating business segments
- 9.10.5. Product portfolio