Global Electric Tuk Tuks Market 2025-2029

Description

List of Tables

The electric tuk tuks market is forecasted to grow by USD 279.7 mn during 2024-2029, accelerating at a CAGR of 8.2% during the forecast period. The report on the electric tuk tuks market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by expansion of rental and subscription-based models for electric tuk-tuk ownership, fluctuating fuel prices fueling demand for economical electric tuk-tuks, and increasing urbanization leads to higher demand for last-mile transportation solutions.

Market Scope
Base Year	2025
End Year	2029
Series Year	2025-2029
Growth Momentum	Accelerate
YOY 2025	7%
CAGR	8.2%
Incremental Value	$279.7 mn

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.

Technavio's electric tuk tuks market is segmented as below:

By Application

Passenger carrier
Goods carrier

By Type

Upto 1000 W
1000 - 1500 W
More than 1500 W

By Product Type

Lithium-ion
Lead acid

By Geographical Landscape

APAC
North America
Europe
South America
Middle East and Africa

This study identifies the integration of electric tuk tuks into ride-sharing and e-hailing platforms as one of the prime reasons driving the electric tuk tuks market growth during the next few years. Also, increasing focus on lightweight materials and aerodynamic designs of electric tuk tuks and customization of electric tuk tuks for specialized applications will lead to sizable demand in the market.

The report on the electric tuk tuks market covers the following areas:

Electric Tuk Tuks Market sizing
Electric Tuk Tuks Market forecast
Electric Tuk Tuks Market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading electric tuk tuks market vendors that include BABA E Rickshaw, Bajaj Auto Ltd., BILITI ELECTRIC INC. USA, E-Tuk Factory BV, Green Valley Motors, Jezza Motor, KUKU Automotives, LOHIA AUTO INDUSTRIES, Mahindra and Mahindra Ltd., Omega Seiki Private Limited, Piaggio and C. Spa, SAERA ELECTRIC AUTO PVT. LTD., SN Solar Energy, Terra Motors India, TVS Motor Co., Udaan E Rickshaw, and Xianghe Qiangsheng Electric Tricycle Factory. Also, the electric tuk tuks market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

Product Code: IRTNTR77849

1 Executive Summary

1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market By Geographical Landscape
- Executive Summary - Chart on Market Segmentation by Application
- Executive Summary - Chart on Market Segmentation by Type
- Executive Summary - Chart on Market Segmentation by Product Type
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning

2 Technavio Analysis

2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
2.2 Criticality of inputs and Factors of differentiation
- Overview on criticality of inputs and factors of differentiation
2.3 Factors of disruption
- Overview on factors of disruption
2.4 Impact of drivers and challenges
- Impact of drivers and challenges in 2024 and 2029

3 Market Landscape

3.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market
3.2 Market characteristics
- Market characteristics analysis
3.3 Value chain analysis
- Value chain analysis

4 Market Sizing

4.1 Market definition
- Offerings of companies included in the market definition
4.2 Market segment analysis
- Market segments
4.3 Market size 2024
4.4 Market outlook: Forecast for 2024-2029
- Chart on Global - Market size and forecast 2024-2029 ($ million)
- Data Table on Global - Market size and forecast 2024-2029 ($ million)
- Chart on Global Market: Year-over-year growth 2024-2029 (%)
- Data Table on Global Market: Year-over-year growth 2024-2029 (%)

5 Historic Market Size

5.1 Global Electric Tuk Tuks Market 2019 - 2023
- Historic Market Size - Data Table on Global Electric Tuk Tuks Market 2019 - 2023 ($ million)
5.2 Application segment analysis 2019 - 2023
- Historic Market Size - Application Segment 2019 - 2023 ($ million)
5.3 Type segment analysis 2019 - 2023
- Historic Market Size - Type Segment 2019 - 2023 ($ million)
5.4 Product Type segment analysis 2019 - 2023
- Historic Market Size - Product Type Segment 2019 - 2023 ($ million)
5.5 Geography segment analysis 2019 - 2023
- Historic Market Size - Geography Segment 2019 - 2023 ($ million)
5.6 Country segment analysis 2019 - 2023
- Historic Market Size - Country Segment 2019 - 2023 ($ million)

6 Qualitative Analysis

6.1 The AI impact on Global Electric Tuk Tuks Market

7 Five Forces Analysis

7.1 Five forces summary
- Five forces analysis - Comparison between 2024 and 2029
7.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2024 and 2029
7.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2024 and 2029
7.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2024 and 2029
7.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2024 and 2029
7.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2024 and 2029
7.7 Market condition
- Chart on Market condition - Five forces 2024 and 2029

8 Market Segmentation by Application

8.1 Market segments
- Chart on Application - Market share 2024-2029 (%)
- Data Table on Application - Market share 2024-2029 (%)
8.2 Comparison by Application
- Chart on Comparison by Application
- Data Table on Comparison by Application
8.3 Passenger carrier - Market size and forecast 2024-2029
- Chart on Passenger carrier - Market size and forecast 2024-2029 ($ million)
- Data Table on Passenger carrier - Market size and forecast 2024-2029 ($ million)
- Chart on Passenger carrier - Year-over-year growth 2024-2029 (%)
- Data Table on Passenger carrier - Year-over-year growth 2024-2029 (%)
8.4 Goods carrier - Market size and forecast 2024-2029
- Chart on Goods carrier - Market size and forecast 2024-2029 ($ million)
- Data Table on Goods carrier - Market size and forecast 2024-2029 ($ million)
- Chart on Goods carrier - Year-over-year growth 2024-2029 (%)
- Data Table on Goods carrier - Year-over-year growth 2024-2029 (%)
8.5 Market opportunity by Application
- Market opportunity by Application ($ million)
- Data Table on Market opportunity by Application ($ million)

9 Market Segmentation by Type

9.1 Market segments
- Chart on Type - Market share 2024-2029 (%)
- Data Table on Type - Market share 2024-2029 (%)
9.2 Comparison by Type
- Chart on Comparison by Type
- Data Table on Comparison by Type
9.3 Upto 1000 W - Market size and forecast 2024-2029
- Chart on Upto 1000 W - Market size and forecast 2024-2029 ($ million)
- Data Table on Upto 1000 W - Market size and forecast 2024-2029 ($ million)
- Chart on Upto 1000 W - Year-over-year growth 2024-2029 (%)
- Data Table on Upto 1000 W - Year-over-year growth 2024-2029 (%)
- 1000 - 1500 W - Market size and forecast 2024-2029
- Chart on 1000 - 1500 W - Market size and forecast 2024-2029 ($ million)
- Data Table on 1000 - 1500 W - Market size and forecast 2024-2029 ($ million)
- Chart on 1000 - 1500 W - Year-over-year growth 2024-2029 (%)
- Data Table on 1000 - 1500 W - Year-over-year growth 2024-2029 (%)
9.5 More than 1500 W - Market size and forecast 2024-2029
- Chart on More than 1500 W - Market size and forecast 2024-2029 ($ million)
- Data Table on More than 1500 W - Market size and forecast 2024-2029 ($ million)
- Chart on More than 1500 W - Year-over-year growth 2024-2029 (%)
- Data Table on More than 1500 W - Year-over-year growth 2024-2029 (%)
9.6 Market opportunity by Type
- Market opportunity by Type ($ million)
- Data Table on Market opportunity by Type ($ million)

10 Market Segmentation by Product Type

10.1 Market segments
- Chart on Product Type - Market share 2024-2029 (%)
- Data Table on Product Type - Market share 2024-2029 (%)
10.2 Comparison by Product Type
- Chart on Comparison by Product Type
- Data Table on Comparison by Product Type
10.3 Lithium-ion - Market size and forecast 2024-2029
- Chart on Lithium-ion - Market size and forecast 2024-2029 ($ million)
- Data Table on Lithium-ion - Market size and forecast 2024-2029 ($ million)
- Chart on Lithium-ion - Year-over-year growth 2024-2029 (%)
- Data Table on Lithium-ion - Year-over-year growth 2024-2029 (%)
10.4 Lead acid - Market size and forecast 2024-2029
- Chart on Lead acid - Market size and forecast 2024-2029 ($ million)
- Data Table on Lead acid - Market size and forecast 2024-2029 ($ million)
- Chart on Lead acid - Year-over-year growth 2024-2029 (%)
- Data Table on Lead acid - Year-over-year growth 2024-2029 (%)
10.5 Market opportunity by Product Type
- Market opportunity by Product Type ($ million)
- Data Table on Market opportunity by Product Type ($ million)

11 Customer Landscape

11.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

12 Geographic Landscape

12.1 Geographic segmentation
- Chart on Market share By Geographical Landscape 2024-2029 (%)
- Data Table on Market share By Geographical Landscape 2024-2029 (%)
12.2 Geographic comparison
- Chart on Geographic comparison
- Data Table on Geographic comparison
12.3 APAC - Market size and forecast 2024-2029
- Chart on APAC - Market size and forecast 2024-2029 ($ million)
- Data Table on APAC - Market size and forecast 2024-2029 ($ million)
- Chart on APAC - Year-over-year growth 2024-2029 (%)
- Data Table on APAC - Year-over-year growth 2024-2029 (%)
12.4 North America - Market size and forecast 2024-2029
- Chart on North America - Market size and forecast 2024-2029 ($ million)
- Data Table on North America - Market size and forecast 2024-2029 ($ million)
- Chart on North America - Year-over-year growth 2024-2029 (%)
- Data Table on North America - Year-over-year growth 2024-2029 (%)
12.5 Europe - Market size and forecast 2024-2029
- Chart on Europe - Market size and forecast 2024-2029 ($ million)
- Data Table on Europe - Market size and forecast 2024-2029 ($ million)
- Chart on Europe - Year-over-year growth 2024-2029 (%)
- Data Table on Europe - Year-over-year growth 2024-2029 (%)
12.6 South America - Market size and forecast 2024-2029
- Chart on South America - Market size and forecast 2024-2029 ($ million)
- Data Table on South America - Market size and forecast 2024-2029 ($ million)
- Chart on South America - Year-over-year growth 2024-2029 (%)
- Data Table on South America - Year-over-year growth 2024-2029 (%)
12.7 Middle East and Africa - Market size and forecast 2024-2029
- Chart on Middle East and Africa - Market size and forecast 2024-2029 ($ million)
- Data Table on Middle East and Africa - Market size and forecast 2024-2029 ($ million)
- Chart on Middle East and Africa - Year-over-year growth 2024-2029 (%)
- Data Table on Middle East and Africa - Year-over-year growth 2024-2029 (%)
12.8 US - Market size and forecast 2024-2029
- Chart on US - Market size and forecast 2024-2029 ($ million)
- Data Table on US - Market size and forecast 2024-2029 ($ million)
- Chart on US - Year-over-year growth 2024-2029 (%)
- Data Table on US - Year-over-year growth 2024-2029 (%)
12.9 China - Market size and forecast 2024-2029
- Chart on China - Market size and forecast 2024-2029 ($ million)
- Data Table on China - Market size and forecast 2024-2029 ($ million)
- Chart on China - Year-over-year growth 2024-2029 (%)
- Data Table on China - Year-over-year growth 2024-2029 (%)
12.10 Japan - Market size and forecast 2024-2029
- Chart on Japan - Market size and forecast 2024-2029 ($ million)
- Data Table on Japan - Market size and forecast 2024-2029 ($ million)
- Chart on Japan - Year-over-year growth 2024-2029 (%)
- Data Table on Japan - Year-over-year growth 2024-2029 (%)
12.11 India - Market size and forecast 2024-2029
- Chart on India - Market size and forecast 2024-2029 ($ million)
- Data Table on India - Market size and forecast 2024-2029 ($ million)
- Chart on India - Year-over-year growth 2024-2029 (%)
- Data Table on India - Year-over-year growth 2024-2029 (%)
12.12 South Korea - Market size and forecast 2024-2029
- Chart on South Korea - Market size and forecast 2024-2029 ($ million)
- Data Table on South Korea - Market size and forecast 2024-2029 ($ million)
- Chart on South Korea - Year-over-year growth 2024-2029 (%)
- Data Table on South Korea - Year-over-year growth 2024-2029 (%)
12.13 Australia - Market size and forecast 2024-2029
- Chart on Australia - Market size and forecast 2024-2029 ($ million)
- Data Table on Australia - Market size and forecast 2024-2029 ($ million)
- Chart on Australia - Year-over-year growth 2024-2029 (%)
- Data Table on Australia - Year-over-year growth 2024-2029 (%)
12.14 UK - Market size and forecast 2024-2029
- Chart on UK - Market size and forecast 2024-2029 ($ million)
- Data Table on UK - Market size and forecast 2024-2029 ($ million)
- Chart on UK - Year-over-year growth 2024-2029 (%)
- Data Table on UK - Year-over-year growth 2024-2029 (%)
12.15 Canada - Market size and forecast 2024-2029
- Chart on Canada - Market size and forecast 2024-2029 ($ million)
- Data Table on Canada - Market size and forecast 2024-2029 ($ million)
- Chart on Canada - Year-over-year growth 2024-2029 (%)
- Data Table on Canada - Year-over-year growth 2024-2029 (%)
12.16 Germany - Market size and forecast 2024-2029
- Chart on Germany - Market size and forecast 2024-2029 ($ million)
- Data Table on Germany - Market size and forecast 2024-2029 ($ million)
- Chart on Germany - Year-over-year growth 2024-2029 (%)
- Data Table on Germany - Year-over-year growth 2024-2029 (%)
12.17 France - Market size and forecast 2024-2029
- Chart on France - Market size and forecast 2024-2029 ($ million)
- Data Table on France - Market size and forecast 2024-2029 ($ million)
- Chart on France - Year-over-year growth 2024-2029 (%)
- Data Table on France - Year-over-year growth 2024-2029 (%)
12.18 Market opportunity By Geographical Landscape
- Market opportunity By Geographical Landscape ($ million)
- Data Tables on Market opportunity By Geographical Landscape ($ million)

13 Drivers, Challenges, and Opportunity/Restraints

13.1 Market drivers
13.2 Market challenges
13.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2024 and 2029
13.4 Market opportunities/restraints

14 Competitive Landscape

14.1 Overview
14.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
14.3 Landscape disruption
- Overview on factors of disruption
14.4 Industry risks
- Impact of key risks on business

15 Competitive Analysis

15.1 Companies profiled
- Companies covered
15.2 Company ranking index
- Company ranking index
15.3 Market positioning of companies
- Matrix on companies position and classification
15.4 BABA E Rickshaw
- BABA E Rickshaw - Overview
- BABA E Rickshaw - Product / Service
- BABA E Rickshaw - Key offerings
- SWOT
15.5 Bajaj Auto Ltd.
- Bajaj Auto Ltd. - Overview
- Bajaj Auto Ltd. - Business segments
- Bajaj Auto Ltd. - Key offerings
- Bajaj Auto Ltd. - Segment focus
- SWOT
15.6 BILITI ELECTRIC INC. USA
- BILITI ELECTRIC INC. USA - Overview
- BILITI ELECTRIC INC. USA - Product / Service
- BILITI ELECTRIC INC. USA - Key offerings
- SWOT
15.7 E-Tuk Factory BV
- E-Tuk Factory BV - Overview
- E-Tuk Factory BV - Product / Service
- E-Tuk Factory BV - Key offerings
- SWOT
15.8 Green Valley Motors
- Green Valley Motors - Overview
- Green Valley Motors - Product / Service
- Green Valley Motors - Key offerings
- SWOT
15.9 Jezza Motor
- Jezza Motor - Overview
- Jezza Motor - Product / Service
- Jezza Motor - Key offerings
- SWOT
15.10 KUKU Automotives
- KUKU Automotives - Overview
- KUKU Automotives - Product / Service
- KUKU Automotives - Key offerings
- SWOT
15.11 LOHIA AUTO INDUSTRIES
- LOHIA AUTO INDUSTRIES - Overview
- LOHIA AUTO INDUSTRIES - Product / Service
- LOHIA AUTO INDUSTRIES - Key offerings
- SWOT
15.12 Mahindra and Mahindra Ltd.
- Mahindra and Mahindra Ltd. - Overview
- Mahindra and Mahindra Ltd. - Business segments
- Mahindra and Mahindra Ltd. - Key news
- Mahindra and Mahindra Ltd. - Key offerings
- Mahindra and Mahindra Ltd. - Segment focus
- SWOT
15.13 Omega Seiki Private Limited
- Omega Seiki Private Limited - Overview
- Omega Seiki Private Limited - Product / Service
- Omega Seiki Private Limited - Key offerings
- SWOT
15.14 Piaggio and C. Spa
- Piaggio and C. Spa - Overview
- Piaggio and C. Spa - Business segments
- Piaggio and C. Spa - Key offerings
- Piaggio and C. Spa - Segment focus
- SWOT
15.15 SN Solar Energy
- SN Solar Energy - Overview
- SN Solar Energy - Product / Service
- SN Solar Energy - Key offerings
- SWOT
15.16 Terra Motors India
- Terra Motors India - Overview
- Terra Motors India - Product / Service
- Terra Motors India - Key offerings
- SWOT
15.17 TVS Motor Co.
- TVS Motor Co. - Overview
- TVS Motor Co. - Business segments
- TVS Motor Co. - Key offerings
- TVS Motor Co. - Segment focus
- SWOT
15.18 Xianghe Qiangsheng Electric Tricycle Factory
- Xianghe Qiangsheng Electric Tricycle Factory - Overview
- Xianghe Qiangsheng Electric Tricycle Factory - Product / Service
- Xianghe Qiangsheng Electric Tricycle Factory - Key offerings
- SWOT

16 Appendix

16.1 Scope of the report
16.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
16.3 Currency conversion rates for US$
- Currency conversion rates for US$
16.4 Research methodology
- Research methodology
16.5 Data procurement
- Information sources
16.6 Data validation
- Data validation
16.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
16.8 Data synthesis
- Data synthesis
16.9 360 degree market analysis
- 360 degree market analysis
16.10 List of abbreviations
- List of abbreviations