According to the IMARC Group, Three-wheelers are vehicles that are used for transporting carrier loads and passengers from one place to another. They are a convenient mode of public transportation for short-to-medium distances and also provide last-mile connectivity to transport goods. In recent years, three-wheelers have gained immense popularity across the globe due to their compact design and structure, fuel-efficiency, and cost-effectiveness, thus making them one of the most preferred low maintenance vehicles.
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The global three-wheeler market is primarily driven by the expanding public transportation sector across developing countries, such as Nepal, Bangladesh, India and Pakistan. Besides this, there has been growing adoption of three-wheelers in the logistics sector to transport goods to remote locations, which is acting as another major growth-inducing factor. Furthermore, a significant rise in the number of three-wheelers registration with several ride-sharing and radio taxi companies is also providing a positive impact on the market growth. Several initiatives undertaken by the governments of various nations to promote the adoption of eco-friendly vehicles are also expected to escalate the demand for three-wheelers in the upcoming years.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global three-wheeler market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, vehicle type, passenger vehicle and fuel type.
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Breakup by Vehicle Type:
Passenger Carrier
Load Carrier
Breakup by Passenger Vehicle:
4-seater
6-seater
Breakup by Fuel Type:
Petrol/CNG
Diesel
Electric
Market Breakup by Region:
Asia-Pacific
China
India
Indonesia
Bangladesh
Sri Lanka
Thailand
Africa
South Africa
Egypt
Kenya
Nigeria
Tanzania
South America
Brazil
Colombia
Chile
Peru
Competitive Landscape:
The competitive landscape of the industry has also been examined with some of the key players being Bajaj Auto Limited, TVS Motor Company Limited, Mahindra & Mahindra Limited, Piaggio & C. S.p.A., Scooters India Limited, Atul Auto Limited, Kinetic Green, ChongQing Zongshen Tricycle Manufacturing Co., Ltd.
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