E-Rickshaw Market, By Battery Type, By Seating Capacity, By Motor Power, By End User, By Geography

Description

The global e-rickshaw market size was valued at US$ 1.55 Bn in 2023 and is expected to reach US$ 4.11 Bn by 2030, grow at a compound annual growth rate (CAGR) of 14.9% from 2023 to 2030.

Report Coverage		Report Details
Base Year:	2022	Market Size in 2023/2024:	US$ 1.55 Bn
Historical Data for:	2017 to 2021	Forecast Period:	2023 - 2030
Forecast Period 2023/2024 to 2030/2031 CAGR:	14.90%	2030/2031 Value Projection:	US$ 4.11 Bn

Figure 1. Global E-Rickshaw Market Share (%), by Region, 2023

E-rickshaws, also known as electric rickshaws or battery-operated rickshaws, have emerged as a popular mode of transportation in recent years, especially in urban areas. These three-wheeled vehicles provide an eco-friendly and cost-effective alternative to traditional rickshaws, running on electricity instead of fossil fuels. The growing concerns regarding environmental pollution and the rising cost of fuel have driven the demand for e-rickshaws across the globe.

E-rickshaws offer various advantages over conventional auto-rickshaws. They produce zero tailpipe emissions, reducing air pollution and promoting a cleaner environment. Furthermore, their low operational and maintenance costs, as compared to their petrol or diesel counterparts, make them an attractive option for both drivers and passengers. The government's initiatives to promote electric mobility and provide financial incentives for adopting green vehicles have further fueled market growth.

Market Dynamics:

The e-rickshaw market has witnessed significant growth in recent years, driven by several factors. The increasing demand for last-mile connectivity, especially in crowded urban areas, has boosted the adoption of e-rickshaws as a convenient mode of transportation. Moreover, rising awareness about sustainable transportation and the need to reduce carbon emissions have propelled the market growth.

However, the market is not without challenges. One of the key restraints is the limited awareness and acceptance of e-rickshaws in certain regions. The lack of charging infrastructure and battery range limitations also pose challenges for market growth. Additionally, the presence of counterfeit and low-quality e-rickshaws in the market poses a threat to the overall performance and reputation of the industry.

Despite these challenges, the e-rickshaw market presents numerous opportunities for growth in the coming years. The increasing government support through initiatives such as subsidies, tax benefits, and awareness campaigns is expected to drive the market further. Advancements in battery technology and the development of more efficient and durable e-rickshaws also contribute to market growth.

Key features of the study:

This report provides in-depth analysis of the global e-rickshaw market, including market size (in US$ Bn) and compound annual growth rate (CAGR%) for the forecast period of 2023-2030, with 2022 as the base year
It elucidates potential revenue opportunities across different market segments and highlights attractive investment propositions
The study offers insights into market drivers, restraints, opportunities, trends, regional outlook, and competitive strategies adopted by key players
Profiles of key players in the e-rickshaw market are provided, including company highlights, product portfolios, financial performance, and strategies
The key players covered in this study include Mahindra Electric Mobility Limited, Saera Electric Auto Pvt. Ltd., Telco E-Vehicles Pvt. Ltd., Gamma Industries, Knox Fuels Tech, Yuva E-Rickshaw, ATUL Auto Limited, Bajaj Auto Limited, J.S. AUTO (P) LTD., Speego Vehicles Co Pvt Limited, Dilli Electric Auto Pvt. Ltd., NDS Eco Motors Private Limited, Goenka Electric Motor Vehicles Private Limited, Sarthak Industries, Perfexorld, V.H.V.O Industries Pvt. Ltd, Mini Metro EV LLP, Pariti, Kinetic Green Energy & Power Solutions Ltd., and A G INTERNATIONAL PVT LTD
The report's insights enable marketers and management authorities to make informed decisions regarding product launches, market expansion, and marketing tactics
The study caters to various stakeholders, including investors, suppliers, manufacturers, distributors, new entrants, and financial analysts
Stakeholders can benefit from the strategy matrices used in analyzing the e-rickshaw market to facilitate decision-making

E-Rickshaw Market Segmentation:

E-Rickshaw Market, By Battery Type
- Lead Acid
- Lithium Ion
- Others
E-Rickshaw Market, By Seating Capacit
- 2 Seater
- 4 Seater
- 6 Seater
- 8 Seater
- Others
E-Rickshaw Market, By Motor Power
- Up to 1000W
- 1000W-1500W
- Above 1500W
E-Rickshaw Market, By End User:
- Passenger Carrier
- Goods Carrier
E-Rickshaw Market, By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Top companies in E-Rickshaw Market
- Mahindra Electric Mobility Limited
- Saera Electric Auto Pvt. Ltd.
- Telco E-Vehicles Pvt. Ltd.
- Gamma Industries
- Knox Fuels Tech
- Yuva E-Rickshaw
- ATUL Auto Limited
- Bajaj Auto Limited
- J.S. AUTO (P) LTD.
- Speego Vehicles Co Pvt Limited
- Dilli Electric Auto Pvt. Ltd.
- NDS Eco Motors Private Limited
- Goenka Electric Motor Vehicles Private Limited
- Sarthak Industries
- Perfexorld
- V.H.V.O Industries Pvt. Ltd
- Mini Metro EV LLP
- Pariti
- Kinetic Green Energy & Power Solutions Ltd.
- A G International Pvt Ltd

Product Code: CMI6304

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Global E-Rickshaw Market, By Battery Type
- Global E-Rickshaw Market, By Seating Capacity
- Global E-Rickshaw Market, By Motor Power
- Global E-Rickshaw Market, By End User
- Global E-Rickshaw Market, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
Supportive Government Regulations and Policies
Rising Fuel Prices
Growth in E-commerce Industry and Logistics
Rapid Urbanization in Emerging Economies
- Restraints
High Upfront Purchase Cost
Lack of Standardization in Products
Safety and Regulatory Concerns
- Opportunities
Entry in Untapped Rural Markets
Partnerships with Ride-Hailing and e-Commerce Companies
Advancements in Battery Technologies
Development of Charging Infrastructure
Impact Analysis
Key Highlights
Regulatory Scenario
Product launch/Approvals
PEST Analysis
PORTER's Analysis
Merger and Acquisition Scenario

4. E-Rickshaw Market - Impact of Coronavirus (COVID-19) Pandemic

COVID-19 Epidemiology
Supply Side and Demand Side Analysis
Economic Impact

5. E-Rickshaw Market , By Battery Type, 2017-2030, (US$ Bn)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 - 2030
- Segment Trends
Lead Acid
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)
Lithium Ion
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)

6. E-Rickshaw Market , By Seating Capacity, 2017-2030, (US$ Bn)

Introduction
- Market Share Analysis, 2023and 2030 (%)
- Y-o-Y Growth Analysis, 2018- 2030
- Segment Trends
2 Seater
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)
4 Seater
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)
6 Seater
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)
8 Seater
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)

7. E-Rickshaw Market , By Motor Power, 2017-2030, (US$ Bn)

Introduction
- Market Share Analysis, 2023and 2030 (%)
- Y-o-Y Growth Analysis, 2018- 2030
- Segment Trends
Up to 1000W
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)
1000W-1500W
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)
Above 1500W
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)

8. E-Rickshaw Market , By End User, 2017-2030, (US$ Bn)

Introduction
- Market Share Analysis, 2023and 2030 (%)
- Y-o-Y Growth Analysis, 2018- 2030
- Segment Trends
Passenger Carrier
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)
Goods Carrier
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)

9. E-Rickshaw Market , By Region, 2017-2030, (US$ Bn)

Introduction
- Market Share Analysis, By Country, 2023and 2030 (%)
- Y-o-Y Growth Analysis, For Country 2018-2030
- Country Trends
North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Battery Type, 2017-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Seating Capacity, 2017-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Motor Power, 2017-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2017-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2017-2030,(US$ Bn)
U.S.
Canada
Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Battery Type, 2017-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Seating Capacity, 2017-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Motor Power, 2017-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2017-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2017-2030,(US$ Bn)
Germany
U.K.
France
Spain
Italy
Russia
Rest of Europe
Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Battery Type, 2017-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Seating Capacity, 2017-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Motor Power, 2017-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2017-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2017-2030,(US$ Bn)
China
India
Japan
South Korea
ASEAN
Australia
Rest of Asia Pacific
Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Battery Type, 2017-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Seating Capacity, 2017-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Motor Power, 2017-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2017-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2017-2030,(US$ Bn)
Brazil
Argentina
Mexico
Rest of Latin America
Middle East & Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Battery Type, 2017-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Seating Capacity, 2017-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Motor Power, 2017-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2017-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country/Sub-region, 2017-2030,(US$ Bn)
GCC Countries
Israel
South Africa
Central Africa
North Africa
Rest of Middle East

10. Competitive Landscape

Mahindra Electric Mobility Limited
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Saera Electric Auto Pvt. Ltd.
Telco E-Vehicles Pvt. Ltd.
Gamma Industries
Knox Fuels Tech
Yuva E-Rickshaw
ATUL Auto Limited
Bajaj Auto Limited
J.S. AUTO (P) LTD.
Speego Vehicles Co Pvt Limited
Dilli Electric Auto Pvt. Ltd.
NDS Eco Motors Private Limited
Goenka Electric Motor Vehicles Private Limited
Sarthak Industries
Perfexorld
V.H.V.O Industries Pvt. Ltd
Mini Metro EV LLP
Pariti
Kinetic Green Energy & Power Solutions Ltd.
A G International Pvt Ltd
Analyst Views

11. Section

Research Methodology
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