Global Electric Tricycle Market Size study & Forecast, by Type (Folding electric tricycle, non-folding electric tricycle) By Application (Cargo electric tricycle, Passenger electric tricycle) and Regional Analysis, 2023-2030

Description

List of Tables

Global Electric Tricycle Market is valued approximately USD 14.19 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 16.3% over the forecast period 2023-2030. An electric tricycle, also known as an e-trike, is a three-wheeled vehicle powered by an electric motor. It provides a means of transportation that is eco-friendly, efficient, and often designed for urban or short-distance commuting. The Electric Tricycle market is expanding because of factors such as increasing demand of energy efficient vehicles and rapid urbanization. Electric tricycles typically have a rechargeable battery that powers the motor, allowing the rider to pedal or use the electric assistance to propel the vehicle forward. They offer stability and balance with the presence of a third wheel, making them suitable for people of different ages and abilities. Electric tricycles are gaining popularity as a sustainable mode of transportation, especially for individuals looking for an alternative to cars or traditional bicycles. Its importance has progressively increased during the last few decades.

According to the Statista, in 2022, around 18 million battery electric cars (BEVs) were in use worldwide. Around 7.3 million new battery electric vehicles were introduced to the global fleet that year. Furthermore, in 2021, China's plug-in electric vehicle fleet reached around 14.1 million units. The second-ranked United States had approximately 2.96 million battery-electric vehicles and plug-in hybrid electric vehicles in use that same year. Another important component driving space increase is rapid urbanization. As per Statista, the global urbanization rate was 57 percent in 2022. North America has the highest amount of urbanization, with more than four fifths of the population living in cities. In addition, more developed parts of the world will have 86.6 percent of their people living in cities by 2050. Also, advancements in Battery Technology and rising government regulations to encourage the use of EVs would create a lucrative growth prospectus for the market over the forecast period. However, the high cost of Electric Tricycle stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Electric Tricycle Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market in 2022 owing to the greater middle- and lower-middle-class income population, and a growing tendency for electrification of vehicles in the region. According to the Statista, by EV-Volumes, the region alone sold close to 2.96 million battery electric vehicles in 2021. Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as Government of India is actively taking initiatives to promote electric tricycles in the country due to the high pollution rate caused by fuel-based vehicles

in the market space.

Major market players included in this report are:

Giant Bicycles Co. Ltd,
Merida Industry Co. Ltd,
Riese & Muller,
Fritzmeier Systems GmbH & Co.,
Yamaha Bicycles,
Cannondale Bicycle Corporation,
Kalkhoff Bikes,
Ampler Bikes,
Jarvik Tricycles,
ECOTRIKE-BG Ltd

Recent Developments in the Market:

In October 2021, The Dutch owner of bike brands such as Gazelle, Santa Cruz, and Urban Arrow has agreed to purchase Cannondale, Schwinn, and Mongoose from owner Dorel Industries Inc. for $810 million, becoming one of the world's largest bike manufacturers with $2.5 billion in annual sales.

Global Electric Tricycle Market Report Scope:

Historical Data: 2020 - 2021
Base Year for Estimation: 2022
Forecast period: 2023-2030
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Application, Type, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
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

Folding electric tricycle
Non-folding electric tricycle

By Application

Cargo electric tricycle
Passenger electric tricycle

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
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. Electric Tricycle Market, by Region, 2020-2030 (USD Billion)
- 1.2.2. Electric Tricycle Market, by Type, 2020-2030 (USD Billion)
- 1.2.3. Electric Tricycle Market, by Application, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

Chapter 2. Global Electric Tricycle Market Definition and Scope

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

Chapter 3. Global Electric Tricycle Market Dynamics

3.1. Electric Tricycle Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
  - 3.1.1.1. Increasing demand of energy efficient vehicles
  - 3.1.1.2. Rapid urbanization
- 3.1.2. Market Challenges
  - 3.1.2.1. High Cost of Electric Tricycle
- 3.1.3. Market Opportunities
  - 3.1.3.1. Advancements in Battery Technology
  - 3.1.3.2. Rising government regulations to encourage the use of EVs

Chapter 4. Global Electric Tricycle 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. Porter's 5 Force Impact Analysis
4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

Chapter 5. Global Electric Tricycle Market, by Type

5.1. Market Snapshot
5.2. Global Electric Tricycle Market by Type, Performance - Potential Analysis
5.3. Global Electric Tricycle Market Estimates & Forecasts by Type 2020-2030 (USD Billion)
5.4. Electric Tricycle Market, Sub Segment Analysis
- 5.4.1. Folding electric tricycle
- 5.4.2. Non-folding electric tricycle

Chapter 6. Global Electric Tricycle Market, by Application

6.1. Market Snapshot
6.2. Global Electric Tricycle Market by Application, Performance - Potential Analysis
6.3. Global Electric Tricycle Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
6.4. Electric Tricycle Market, Sub Segment Analysis
- 6.4.1. Cargo electric tricycle
- 6.4.2. Passenger electric tricycle

Chapter 7. Global Electric Tricycle Market, Regional Analysis

7.1. Top Leading Countries
7.2. Top Emerging Countries
7.3. Electric Tricycle Market, Regional Market Snapshot
7.4. North America Electric Tricycle Market
- 7.4.1. U.S. Electric Tricycle Market
  - 7.4.1.1. Type breakdown estimates & forecasts, 2020-2030
  - 7.4.1.2. Application breakdown estimates & forecasts, 2020-2030
- 7.4.2. Canada Electric Tricycle Market
7.5. Europe Electric Tricycle Market Snapshot
- 7.5.1. U.K. Electric Tricycle Market
- 7.5.2. Germany Electric Tricycle Market
- 7.5.3. France Electric Tricycle Market
- 7.5.4. Spain Electric Tricycle Market
- 7.5.5. Italy Electric Tricycle Market
- 7.5.6. Rest of Europe Electric Tricycle Market
7.6. Asia-Pacific Electric Tricycle Market Snapshot
- 7.6.1. China Electric Tricycle Market
- 7.6.2. India Electric Tricycle Market
- 7.6.3. Japan Electric Tricycle Market
- 7.6.4. Australia Electric Tricycle Market
- 7.6.5. South Korea Electric Tricycle Market
- 7.6.6. Rest of Asia Pacific Electric Tricycle Market
7.7. Latin America Electric Tricycle Market Snapshot
- 7.7.1. Brazil Electric Tricycle Market
- 7.7.2. Mexico Electric Tricycle Market
7.8. Middle East & Africa Electric Tricycle Market
- 7.8.1. Saudi Arabia Electric Tricycle Market
- 7.8.2. South Africa Electric Tricycle Market
- 7.8.3. Rest of Middle East & Africa Electric Tricycle Market

Chapter 8. Competitive Intelligence

8.1. Key Company SWOT Analysis
- 8.1.1. Company 1
- 8.1.2. Company 2
- 8.1.3. Company 3
8.2. Top Market Strategies
8.3. Company Profiles
- 8.3.1. Giant Bicycles Co. Ltd,
  - 8.3.1.1. Key Information
  - 8.3.1.2. Overview
  - 8.3.1.3. Financial (Subject to Data Availability)
  - 8.3.1.4. Product Summary
  - 8.3.1.5. Recent Developments
- 8.3.2. Merida Industry Co. Ltd,
- 8.3.3. Riese & Muller,
- 8.3.4. Fritzmeier Systems GmbH & Co.,
- 8.3.5. Yamaha Bicycles,
- 8.3.6. Cannondale Bicycle Corporation,
- 8.3.7. Kalkhoff Bikes,
- 8.3.8. Ampler Bikes,
- 8.3.9. Jarvik Tricycles,
- 8.3.10. ECOTRIKE-BG Ltd

Chapter 9. Research Process

9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Electric Tricycle Market, report scope
TABLE 2. Global Electric Tricycle Market estimates & forecasts by Region 2020-2030 (USD Billion)
TABLE 3. Global Electric Tricycle Market estimates & forecasts by Type 2020-2030 (USD Billion)
TABLE 4. Global Electric Tricycle Market estimates & forecasts by Application 2020-2030 (USD Billion)
TABLE 5. Global Electric Tricycle Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 6. Global Electric Tricycle Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 7. Global Electric Tricycle Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 8. Global Electric Tricycle Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9. Global Electric Tricycle Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10. Global Electric Tricycle Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11. Global Electric Tricycle Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12. Global Electric Tricycle Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13. Global Electric Tricycle Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14. Global Electric Tricycle Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15. U.S. Electric Tricycle Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16. U.S. Electric Tricycle Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 17. U.S. Electric Tricycle Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 18. Canada Electric Tricycle Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 19. Canada Electric Tricycle Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 20. Canada Electric Tricycle Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 21. UK Electric Tricycle Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 22. UK Electric Tricycle Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 23. UK Electric Tricycle Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 24. Germany Electric Tricycle Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 25. Germany Electric Tricycle Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 26. Germany Electric Tricycle Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 27. France Electric Tricycle Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 28. France Electric Tricycle Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 29. France Electric Tricycle Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 30. Italy Electric Tricycle Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 31. Italy Electric Tricycle Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 32. Italy Electric Tricycle Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 33. Spain Electric Tricycle Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 34. Spain Electric Tricycle Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 35. Spain Electric Tricycle Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 36. RoE Electric Tricycle Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 37. RoE Electric Tricycle Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 38. RoE Electric Tricycle Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 39. China Electric Tricycle Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 40. China Electric Tricycle Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 41. China Electric Tricycle Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 42. India Electric Tricycle Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 43. India Electric Tricycle Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 44. India Electric Tricycle Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 45. Japan Electric Tricycle Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 46. Japan Electric Tricycle Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 47. Japan Electric Tricycle Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 48. South Korea Electric Tricycle Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 49. South Korea Electric Tricycle Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 50. South Korea Electric Tricycle Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 51. Australia Electric Tricycle Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 52. Australia Electric Tricycle Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 53. Australia Electric Tricycle Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 54. RoAPAC Electric Tricycle Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 55. RoAPAC Electric Tricycle Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 56. RoAPAC Electric Tricycle Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 57. Brazil Electric Tricycle Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 58. Brazil Electric Tricycle Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 59. Brazil Electric Tricycle Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 60. Mexico Electric Tricycle Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 61. Mexico Electric Tricycle Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 62. Mexico Electric Tricycle Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 63. RoLA Electric Tricycle Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 64. RoLA Electric Tricycle Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 65. RoLA Electric Tricycle Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 66. Saudi Arabia Electric Tricycle Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 67. South Africa Electric Tricycle Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 68. RoMEA Electric Tricycle Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 69. List of secondary sources, used in the study of global Electric Tricycle Market
TABLE 70. List of primary sources, used in the study of global Electric Tricycle 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

FIG 1. Global Electric Tricycle Market, research methodology
FIG 2. Global Electric Tricycle Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Electric Tricycle Market, key trends 2022
FIG 5. Global Electric Tricycle Market, growth prospects 2023-2030
FIG 6. Global Electric Tricycle Market, porters 5 force model
FIG 7. Global Electric Tricycle Market, pest analysis
FIG 8. Global Electric Tricycle Market, value chain analysis
FIG 9. Global Electric Tricycle Market by segment, 2020 & 2030 (USD Billion)
FIG 10. Global Electric Tricycle Market by segment, 2020 & 2030 (USD Billion)
FIG 11. Global Electric Tricycle Market by segment, 2020 & 2030 (USD Billion)
FIG 12. Global Electric Tricycle Market by segment, 2020 & 2030 (USD Billion)
FIG 13. Global Electric Tricycle Market by segment, 2020 & 2030 (USD Billion)
FIG 14. Global Electric Tricycle Market, regional snapshot 2020 & 2030
FIG 15. North America Electric Tricycle Market 2020 & 2030 (USD Billion)
FIG 16. Europe Electric Tricycle Market 2020 & 2030 (USD Billion)
FIG 17. Asia pacific Electric Tricycle Market 2020 & 2030 (USD Billion)
FIG 18. Latin America Electric Tricycle Market 2020 & 2030 (USD Billion)
FIG 19. Middle East & Africa Electric Tricycle Market 2020 & 2030 (USD Billion)