Global Electric Tuk-tuks Market Size study & Forecast, by Power Type, by Battery Type, by Range, by Price Range and Regional Analysis, 2022-2029

Description

List of Tables

Global Electric Tuk-tuks Market is valued at approximately USD 461.1 million in 2021 and is anticipated to grow with a healthy growth rate of more than 6.2% over the forecast period 2022-2029. Electric Tuk-tuks, also known as electric auto rikshaws are three and four-wheeled vehicles that run on electric power. These vehicles use an electric motor instead of an engine and are intended for small distance transportation of passengers and cargo. Moreover, due to their compact size electric tuk-tuks are considered an ideal solution for transportation in urban areas where traffic jams are very prevalent. The increasing adoption of electric vehicles and surge in the popularity of shared mobility solutions in urban areas around the world are key factors accelerating the market growth.

The rising adoption of electric vehicles (EVs) due to shifting focus towards low-emission vehicles, and growing environmental pollution is contributing to the growth of the Global Electric Tuk-tuks Market. For instance, according to Statista - as of 2022, the revenue in the Global Electric Vehicles market is estimated at USD 384 billion, and the worldwide revenue is projected to show an annual growth rate (CAGR 2022-2027) of 17.75%, to reach to market volume of USD 869.30 bn by 2027. Also, favorable initiatives from government authorities to promote clean mobility e.g., subsidies, incentive schemes for vehicle manufacturers and rising investment in EV charging infrastructure would create a lucrative growth prospectus for the market over the forecast period. For instance, as per Press Information Bureau of India (PIB) - in 2019, the Government of India approved the proposal for a new scheme named Faster Adoption and Manufacturing of Electric Vehicles in India Phase II (FAME India Phase II) for electric mobility in the country. The total fund outlay of the scheme is estimated at USD 1226.71 million to be spent over three years from 2019-20 to 2021-22 for providing upfront incentives for purchase of Electric Vehicles & to develop EV charging infrastructure in the region. However, high cost of Electric Tuk-tuks and lack of standardization of EV charging stifle the market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Electric Tuk-tuks Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia Pacific dominated the market in terms of revenue, owing to the dominance of leading market players and increasing adoption of e-rickshaws in the region. Whereas Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as rising investment in electric vehicle infrastructure and favorable initiatives from government authorities to promote the use of clean transportation solutions coupled with increasing penetration of leading market players in the region.

Major market players included in this report are:

Arna Electric Auto Pvt Ltd.

Bajaj Auto Ltd.

E-Tuk Factory

Goenka Electric Motor Vehicles Pvt. Ltd.

Green Valley Motors

Hero Electric

Jezza Motors

Kinetic Green Vehicles

KUKU Automotives

Mahindra Electric Mobility Limited

Recent Developments in the Market:

In December 2020, Gayam Motor Works & Sokowatch announced a partnership to Launch East Africa's First Commercial Electric Tuk-Tuks. Sokowatch, a B2B e-commerce startup to utilize these Tuk-Tuks for hyperlocal deliveries in East Africa region.

Global Electric Tuk-tuks Market Report Scope:

Historical Data: 2019-2020-2021

Base Year for Estimation: 2021

Forecast period: 2022-2029

Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends

Segments Covered: Power Type, Battery Type, Range, Price Range, Region

Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World

Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Power Type

Up to 1000W

1000W to 1500W

Above 1500W

By Battery Type

Lithium-ion

Lead Acid

By Range

Upto 50KM

More Than 50KM

By Price Range

Low to Mid

High

By Region:

North America

U.S.

Canada

Europe

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

RoLA

Rest of the World

Chapter 1. Executive Summary

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Million)
- 1.2.1. Electric Tuk-tuks Market, by Region, 2019-2029 (USD Million)
- 1.2.2. Electric Tuk-tuks Market, by Power Type, 2019-2029 (USD Million)
- 1.2.3. Electric Tuk-tuks Market, by Battery Type, 2019-2029 (USD Million)
- 1.2.4. Electric Tuk-tuks Market, by Range, 2019-2029 (USD Million)
- 1.2.5. Electric Tuk-tuks Market, by Price Range, 2019-2029 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

Chapter 2. Global Electric Tuk-tuks Market Definition and Scope

2.1. Objective of the Study
2.2. Market Definition & Scope
- 2.2.1. Scope of the Study
- 2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

Chapter 3. Global Electric Tuk-tuks Market Dynamics

3.1. Electric Tuk-tuks Market Impact Analysis (2019-2029)
- 3.1.1. Market Drivers
  - 3.1.1.1. Increasing adoption of EVs
  - 3.1.1.2. Growing popularity of shared mobility
- 3.1.2. Market Challenges
  - 3.1.2.1. High Cost of Electric Tuk-tuks
  - 3.1.2.2. Lack of standardization of EV charging
- 3.1.3. Market Opportunities
  - 3.1.3.1. Initiatives from government authorities to promote clean mobility
  - 3.1.3.2. Rising investment in EV charging infrastructure

Chapter 4. Global Electric Tuk-tuks Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter's 5 Force Model (2019-2029)
4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. Industry Experts Prospective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Risk Assessment: COVID-19 Impact

5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario

Chapter 6. Global Electric Tuk-tuks Market, by Power Type

6.1. Market Snapshot
6.2. Global Electric Tuk-tuks Market by Power Type, Performance - Potential Analysis
6.3. Global Electric Tuk-tuks Market Estimates & Forecasts by Power Type 2019-2029 (USD Million)
6.4. Electric Tuk-tuks Market, Sub Segment Analysis
- 6.4.1. Up to 1000W
- 6.4.2. 1000W to 1500W
- 6.4.3. Above 1500W

Chapter 7. Global Electric Tuk-tuks Market, by Battery Type

7.1. Market Snapshot
7.2. Global Electric Tuk-tuks Market by Battery Type, Performance - Potential Analysis
7.3. Global Electric Tuk-tuks Market Estimates & Forecasts by Battery Type 2019-2029 (USD Million)
7.4. Electric Tuk-tuks Market, Sub Segment Analysis
- 7.4.1. Lithium-ion
- 7.4.2. Lead Acid

Chapter 8. Global Electric Tuk-tuks Market, by Range

8.1. Market Snapshot
8.2. Global Electric Tuk-tuks Market by Range, Performance - Potential Analysis
8.3. Global Electric Tuk-tuks Market Estimates & Forecasts by Range 2019-2029 (USD Million)
8.4. Electric Tuk-tuks Market, Sub Segment Analysis
- 8.4.1. Upto 50KM
- 8.4.2. More Than 50KM

Chapter 9. Global Electric Tuk-tuks Market, by Price Range

9.1. Market Snapshot
9.2. Global Electric Tuk-tuks Market by Price Range, Performance - Potential Analysis
9.3. Global Electric Tuk-tuks Market Estimates & Forecasts by Price Range 2019-2029 (USD Million)
9.4. Electric Tuk-tuks Market, Sub Segment Analysis
- 9.4.1. Low to Mid
- 9.4.2. High

Chapter 10. Global Electric Tuk-tuks Market, Regional Analysis

10.1. Electric Tuk-tuks Market, Regional Market Snapshot
10.2. North America Electric Tuk-tuks Market
- 10.2.1. U.S. Electric Tuk-tuks Market
  - 10.2.1.1. Power Type breakdown estimates & forecasts, 2019-2029
  - 10.2.1.2. Battery Type breakdown estimates & forecasts, 2019-2029
  - 10.2.1.3. Range breakdown estimates & forecasts, 2019-2029
  - 10.2.1.4. Price Range breakdown estimates & forecasts, 2019-2029
- 10.2.2. Canada Electric Tuk-tuks Market
10.3. Europe Electric Tuk-tuks Market Snapshot
- 10.3.1. U.K. Electric Tuk-tuks Market
- 10.3.2. Germany Electric Tuk-tuks Market
- 10.3.3. France Electric Tuk-tuks Market
- 10.3.4. Spain Electric Tuk-tuks Market
- 10.3.5. Italy Electric Tuk-tuks Market
- 10.3.6. Rest of Europe Electric Tuk-tuks Market
10.4. Asia-Pacific Electric Tuk-tuks Market Snapshot
- 10.4.1. China Electric Tuk-tuks Market
- 10.4.2. India Electric Tuk-tuks Market
- 10.4.3. Japan Electric Tuk-tuks Market
- 10.4.4. Australia Electric Tuk-tuks Market
- 10.4.5. South Korea Electric Tuk-tuks Market
- 10.4.6. Rest of Asia Pacific Electric Tuk-tuks Market
10.5. Latin America Electric Tuk-tuks Market Snapshot
- 10.5.1. Brazil Electric Tuk-tuks Market
- 10.5.2. Mexico Electric Tuk-tuks Market
- 10.5.3. Rest of Latin America Electric Tuk-tuks Market
10.6. Rest of The World Electric Tuk-tuks Market

Chapter 11. Competitive Intelligence

11.1. Top Market Strategies
11.2. Company Profiles
- 11.2.1. Arna Electric Auto Pvt Ltd.
  - 11.2.1.1. Key Information
  - 11.2.1.2. Overview
  - 11.2.1.3. Financial (Subject to Data Availability)
  - 11.2.1.4. Product Summary
  - 11.2.1.5. Recent Developments
- 11.2.2. Bajaj Auto Ltd.
- 11.2.3. E-Tuk Factory
- 11.2.4. Goenka Electric Motor Vehicles Pvt. Ltd.
- 11.2.5. Green Valley Motors
- 11.2.6. Hero Electric
- 11.2.7. Jezza Motors
- 11.2.8. Kinetic Green Vehicles
- 11.2.9. KUKU Automotives
- 11.2.10. Mahindra Electric Mobility Limited

Chapter 12. Research Process

12.1. Research Process
- 12.1.1. Data Mining
- 12.1.2. Analysis
- 12.1.3. Market Estimation
- 12.1.4. Validation
- 12.1.5. Publishing
12.2. Research Attributes
12.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Electric Tuk-tuks Market, report scope
TABLE 2. Global Electric Tuk-tuks Market estimates & forecasts by Region 2019-2029 (USD Million)
TABLE 3. Global Electric Tuk-tuks Market estimates & forecasts by Power Type 2019-2029 (USD Million)
TABLE 4. Global Electric Tuk-tuks Market estimates & forecasts by Battery Type 2019-2029 (USD Million)
TABLE 5. Global Electric Tuk-tuks Market estimates & forecasts by Range 2019-2029 (USD Million)
TABLE 6. Global Electric Tuk-tuks Market estimates & forecasts by Price Range 2019-2029 (USD Million)
TABLE 7. Global Electric Tuk-tuks Market by segment, estimates & forecasts, 2019-2029 (USD Million)
TABLE 8. Global Electric Tuk-tuks Market by region, estimates & forecasts, 2019-2029 (USD Million)
TABLE 9. Global Electric Tuk-tuks Market by segment, estimates & forecasts, 2019-2029 (USD Million)
TABLE 10. Global Electric Tuk-tuks Market by region, estimates & forecasts, 2019-2029 (USD Million)
TABLE 11. Global Electric Tuk-tuks Market by segment, estimates & forecasts, 2019-2029 (USD Million)
TABLE 12. Global Electric Tuk-tuks Market by region, estimates & forecasts, 2019-2029 (USD Million)
TABLE 13. Global Electric Tuk-tuks Market by segment, estimates & forecasts, 2019-2029 (USD Million)
TABLE 14. Global Electric Tuk-tuks Market by region, estimates & forecasts, 2019-2029 (USD Million)
TABLE 15. Global Electric Tuk-tuks Market by segment, estimates & forecasts, 2019-2029 (USD Million)
TABLE 16. Global Electric Tuk-tuks Market by region, estimates & forecasts, 2019-2029 (USD Million)
TABLE 17. U.S. Electric Tuk-tuks Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 18. U.S. Electric Tuk-tuks Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 19. U.S. Electric Tuk-tuks Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 20. Canada Electric Tuk-tuks Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 21. Canada Electric Tuk-tuks Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 22. Canada Electric Tuk-tuks Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 23. UK Electric Tuk-tuks Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 24. UK Electric Tuk-tuks Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 25. UK Electric Tuk-tuks Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 26. Germany Electric Tuk-tuks Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 27. Germany Electric Tuk-tuks Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 28. Germany Electric Tuk-tuks Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 29. France Electric Tuk-tuks Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 30. France Electric Tuk-tuks Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 31. France Electric Tuk-tuks Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 32. Italy Electric Tuk-tuks Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 33. Italy Electric Tuk-tuks Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 34. Italy Electric Tuk-tuks Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 35. Spain Electric Tuk-tuks Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 36. Spain Electric Tuk-tuks Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 37. Spain Electric Tuk-tuks Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 38. RoE Electric Tuk-tuks Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 39. RoE Electric Tuk-tuks Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 40. RoE Electric Tuk-tuks Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 41. China Electric Tuk-tuks Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 42. China Electric Tuk-tuks Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 43. China Electric Tuk-tuks Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 44. India Electric Tuk-tuks Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 45. India Electric Tuk-tuks Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 46. India Electric Tuk-tuks Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 47. Japan Electric Tuk-tuks Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 48. Japan Electric Tuk-tuks Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 49. Japan Electric Tuk-tuks Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 50. South Korea Electric Tuk-tuks Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 51. South Korea Electric Tuk-tuks Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 52. South Korea Electric Tuk-tuks Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 53. Australia Electric Tuk-tuks Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 54. Australia Electric Tuk-tuks Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 55. Australia Electric Tuk-tuks Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 56. RoAPAC Electric Tuk-tuks Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 57. RoAPAC Electric Tuk-tuks Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 58. RoAPAC Electric Tuk-tuks Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 59. Brazil Electric Tuk-tuks Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 60. Brazil Electric Tuk-tuks Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 61. Brazil Electric Tuk-tuks Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 62. Mexico Electric Tuk-tuks Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 63. Mexico Electric Tuk-tuks Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 64. Mexico Electric Tuk-tuks Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 65. RoLA Electric Tuk-tuks Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 66. RoLA Electric Tuk-tuks Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 67. RoLA Electric Tuk-tuks Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 68. Row Electric Tuk-tuks Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 69. Row Electric Tuk-tuks Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 70. Row Electric Tuk-tuks Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 71. List of secondary sources, used in the study of global Electric Tuk-tuks Market
TABLE 72. List of primary sources, used in the study of global Electric Tuk-tuks Market
TABLE 73. Years considered for the study
TABLE 74. Exchange rates considered

List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

List of figures

FIG 1. Global Electric Tuk-tuks Market, research methodology
FIG 2. Global Electric Tuk-tuks Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Electric Tuk-tuks Market, key trends 2021
FIG 5. Global Electric Tuk-tuks Market, growth prospects 2022-2029
FIG 6. Global Electric Tuk-tuks Market, porters 5 force model
FIG 7. Global Electric Tuk-tuks Market, pest analysis
FIG 8. Global Electric Tuk-tuks Market, value chain analysis
FIG 9. Global Electric Tuk-tuks Market by segment, 2019 & 2029 (USD Million)
FIG 10. Global Electric Tuk-tuks Market by segment, 2019 & 2029 (USD Million)
FIG 11. Global Electric Tuk-tuks Market by segment, 2019 & 2029 (USD Million)
FIG 12. Global Electric Tuk-tuks Market by segment, 2019 & 2029 (USD Million)
FIG 13. Global Electric Tuk-tuks Market by segment, 2019 & 2029 (USD Million)
FIG 14. Global Electric Tuk-tuks Market, regional snapshot 2019 & 2029
FIG 15. North America Electric Tuk-tuks Market 2019 & 2029 (USD Million)
FIG 16. Europe Electric Tuk-tuks Market 2019 & 2029 (USD Million)
FIG 17. Asia Pacific Electric Tuk-tuks Market 2019 & 2029 (USD Million)
FIG 18. Latin America Electric Tuk-tuks Market 2019 & 2029 (USD Million)
FIG 19. Global Electric Tuk-tuks Market, company Market share analysis (2021)