Global Trike Market Size study & Forecast, by Type (Conventional, Electric), By Application Type (Commercial, Leisure) and Regional Analysis, 2022-2029

Description

List of Tables

Global Trike Market is valued at approximately USD XX million in 2021 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2022-2029. Trike is a small, electric vehicle that resembles a car and is powered by electricity stored in batteries. Trikes, which are primarily three-wheeled motorcycles, are renowned for their greater rider stability and safety. These are primarily employed for leisure and cruising. Some of these electric trikes can carry passengers or freight and are equipped with seats, mirrors, lights, and weather protection. Vehicles that run on batteries include electric trikes. The increasing demand for comfort and convenience bike and growing popularity of battery-operated vehicles are key factors driving the market growth.

The increasing adoption of battery-operated vehicles is contributing towards the growth of the Global Trike Market. For instance - as per Statista- in 2021, battery-electric vehicles accounted for more than 66 percent of electric vehicle sales worldwide. Further, in 2021, around 3.5 million units of battery-electric vehicles sold worldwide, witnessing an increase from around 2.3 million battery-electric vehicles sold in 2020. Also, rising advancements in automotive industry and growing urbanization coupled with traffic conjunctions would create a lucrative growth prospectus for the market over the forecast period. However, the high cost of Trike stifles market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Trike Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the rising trend for trikes riding coupled with increasing fuel emissions from conventional vehicles which are boosting the electric trikes market in this region. Whereas Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as rising number of stringent vehicle emission norms as well as growing adoption of electric vehicles in the region.

Major market players included in this report are:

MTC Voyager
American Bike and Trike
HARLEY-DAVIDSON
Tilting Motor Works
BUHLER
BRP
Campagna Motors Inc
Polaris Inc.
Global Mobility Service
Motor Trike Inc

Recent Developments in the Market:

In December 2022, Seattle-based electric bicycle manufacturer Rad Power Bikes launched its new model, the RadTrike. This new RadTrike offers a new three-wheeler option designed to open the door to a wider range of riders.

Global Trike 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: Type, Application Type, 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 Type

Conventional
Electric

By Application Type

Commercial
Leisure

By Region:

North America
U.S.
Canada
Europe
UK
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. Trike Market, by Region, 2019-2029 (USD Million)
- 1.2.2. Trike Market, by Type, 2019-2029 (USD Million)
- 1.2.3. Trike Market, by Application Type, 2019-2029 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

Chapter 2. Global Trike 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 Trike Market Dynamics

3.1. Trike Market Impact Analysis (2019-2029)
- 3.1.1. Market Drivers
  - 3.1.1.1. Increasing demand for comfort and convenience bike
  - 3.1.1.2. Growing popularity of battery-operated vehicles
- 3.1.2. Market Challenges
  - 3.1.2.1. High Cost associated with Trikes
- 3.1.3. Market Opportunities
  - 3.1.3.1. Rising advancements in automotive industry
  - 3.1.3.2. Growing urbanization coupled with traffic conjunctions.

Chapter 4. Global Trike 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 Trike Market, by Type

6.1. Market Snapshot
6.2. Global Trike Market by Type, Performance - Potential Analysis
6.3. Global Trike Market Estimates & Forecasts by Type 2019-2029 (USD Million)
6.4. Trike Market, Sub Segment Analysis
- 6.4.1. Conventional
- 6.4.2. Electric

Chapter 7. Global Trike Market, by Application Type

7.1. Market Snapshot
7.2. Global Trike Market by Application Type, Performance - Potential Analysis
7.3. Global Trike Market Estimates & Forecasts by Application Type 2019-2029 (USD Million)
7.4. Trike Market, Sub Segment Analysis
- 7.4.1. Commercial
- 7.4.2. Leisure

Chapter 8. Global Trike Market, Regional Analysis

8.1. Trike Market, Regional Market Snapshot
8.2. North America Trike Market
- 8.2.1. U.S. Trike Market
  - 8.2.1.1. Type breakdown estimates & forecasts, 2019-2029
  - 8.2.1.2. Application Type breakdown estimates & forecasts, 2019-2029
- 8.2.2. Canada Trike Market
8.3. Europe Trike Market Snapshot
- 8.3.1. U.K. Trike Market
- 8.3.2. Germany Trike Market
- 8.3.3. France Trike Market
- 8.3.4. Spain Trike Market
- 8.3.5. Italy Trike Market
- 8.3.6. Rest of Europe Trike Market
8.4. Asia-Pacific Trike Market Snapshot
- 8.4.1. China Trike Market
- 8.4.2. India Trike Market
- 8.4.3. Japan Trike Market
- 8.4.4. Australia Trike Market
- 8.4.5. South Korea Trike Market
- 8.4.6. Rest of Asia Pacific Trike Market
8.5. Latin America Trike Market Snapshot
- 8.5.1. Brazil Trike Market
- 8.5.2. Mexico Trike Market
- 8.5.3. Rest of Latin America Trike Market
8.6. Rest of The World Trike Market

Chapter 9. Competitive Intelligence

9.1. Top Market Strategies
9.2. Company Profiles
- 9.2.1. MTC Voyager
  - 9.2.1.1. Key Information
  - 9.2.1.2. Overview
  - 9.2.1.3. Financial (Subject to Data Availability)
  - 9.2.1.4. Product Summary
  - 9.2.1.5. Recent Developments
- 9.2.2. American Bike and Trike
- 9.2.3. HARLEY-DAVIDSON
- 9.2.4. Tilting Motor Works
- 9.2.5. BUHLER
- 9.2.6. BRP
- 9.2.7. Campagna Motors Inc
- 9.2.8. Polaris Inc.
- 9.2.9. Global Mobility Service
- 9.2.10. Motor Trike Inc

Chapter 10. Research Process

10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Trike Market, report scope
TABLE 2. Global Trike Market estimates & forecasts by Region 2019-2029 (USD Million)
TABLE 3. Global Trike Market estimates & forecasts by Type 2019-2029 (USD Million)
TABLE 4. Global Trike Market estimates & forecasts by Application Type 2019-2029 (USD Million)
TABLE 5. Global Trike Market by segment, estimates & forecasts, 2019-2029 (USD Million)
TABLE 6. Global Trike Market by region, estimates & forecasts, 2019-2029 (USD Million)
TABLE 7. Global Trike Market by segment, estimates & forecasts, 2019-2029 (USD Million)
TABLE 8. Global Trike Market by region, estimates & forecasts, 2019-2029 (USD Million)
TABLE 9. Global Trike Market by segment, estimates & forecasts, 2019-2029 (USD Million)
TABLE 10. Global Trike Market by region, estimates & forecasts, 2019-2029 (USD Million)
TABLE 11. Global Trike Market by segment, estimates & forecasts, 2019-2029 (USD Million)
TABLE 12. Global Trike Market by region, estimates & forecasts, 2019-2029 (USD Million)
TABLE 13. Global Trike Market by segment, estimates & forecasts, 2019-2029 (USD Million)
TABLE 14. Global Trike Market by region, estimates & forecasts, 2019-2029 (USD Million)
TABLE 15. U.S. Trike Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 16. U.S. Trike Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 17. U.S. Trike Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 18. Canada Trike Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 19. Canada Trike Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 20. Canada Trike Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 21. UK Trike Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 22. UK Trike Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 23. UK Trike Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 24. Germany Trike Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 25. Germany Trike Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 26. Germany Trike Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 27. France Trike Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 28. France Trike Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 29. France Trike Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 30. Italy Trike Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 31. Italy Trike Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 32. Italy Trike Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 33. Spain Trike Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 34. Spain Trike Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 35. Spain Trike Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 36. RoE Trike Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 37. RoE Trike Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 38. RoE Trike Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 39. China Trike Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 40. China Trike Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 41. China Trike Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 42. India Trike Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 43. India Trike Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 44. India Trike Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 45. Japan Trike Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 46. Japan Trike Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 47. Japan Trike Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 48. South Korea Trike Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 49. South Korea Trike Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 50. South Korea Trike Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 51. Australia Trike Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 52. Australia Trike Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 53. Australia Trike Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 54. RoAPAC Trike Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 55. RoAPAC Trike Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 56. RoAPAC Trike Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 57. Brazil Trike Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 58. Brazil Trike Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 59. Brazil Trike Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 60. Mexico Trike Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 61. Mexico Trike Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 62. Mexico Trike Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 63. RoLA Trike Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 64. RoLA Trike Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 65. RoLA Trike Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 66. Row Trike Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 67. Row Trike Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 68. Row Trike Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 69. List of secondary sources, used in the study of global Trike Market
TABLE 70. List of primary sources, used in the study of global Trike Market
TABLE 71. Years considered for the study
TABLE 72. 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 Trike Market, research methodology
FIG 2. Global Trike Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Trike Market, key trends 2021
FIG 5. Global Trike Market, growth prospects 2022-2029
FIG 6. Global Trike Market, porters 5 force model
FIG 7. Global Trike Market, pest analysis
FIG 8. Global Trike Market, value chain analysis
FIG 9. Global Trike Market by segment, 2019 & 2029 (USD Million)
FIG 10. Global Trike Market by segment, 2019 & 2029 (USD Million)
FIG 11. Global Trike Market by segment, 2019 & 2029 (USD Million)
FIG 12. Global Trike Market by segment, 2019 & 2029 (USD Million)
FIG 13. Global Trike Market by segment, 2019 & 2029 (USD Million)
FIG 14. Global Trike Market, regional snapshot 2019 & 2029
FIG 15. North America Trike Market 2019 & 2029 (USD Million)
FIG 16. Europe Trike Market 2019 & 2029 (USD Million)
FIG 17. Asia Pacific Trike Market 2019 & 2029 (USD Million)
FIG 18. Latin America Trike Market 2019 & 2029 (USD Million)
FIG 19. Global Trike Market, company Market share analysis (2021)