Asian Electric Three-Wheeler Growth Opportunities

Asian Electric Three-Wheeler Growth Opportunities

Governments EV Transition Policies and Emerging Business Models will Create Demand and Accelerate Market Growth

RELEASE DATE
06-Nov-2023
REGION
South Asia, Middle East & North Africa
Deliverable Type
Market Research
Research Code: MGF0-01-00-00-00
SKU: AU_2023_284
AvailableYesPDF Download
$4,950.00
In stock
SKU
AU_2023_284
$4,950.00
DownloadLink
ENQUIRE NOW

Description

Electric three-wheelers (E3Ws) in Asia have registered significant growth due to increasing fuel prices, favorable policies, and government initiatives to improve charging infrastructure, accelerating electric vehicle (EV) adoption in the region. E3Ws are also gaining popularity as they are an environment-friendly option and have low operating costs; post-pandemic, the booming eCommerce market has also supported the growth of cargo E3Ws as most eCommerce companies prefer E3Ws for last-mile mobility. Some Asian countries have also started using E3Ws for tourism, and the trend is gaining popularity.

Improving charging infrastructure, especially battery-swapping infrastructure, is expected to improve E3W demand in Asian countries as it will address one of the major concerns drivers have—that of range anxiety.

This study assesses current trends and emerging business models in the Asian region along with a select few countries' government initiatives, charging infrastructure, top OEM profiles, and growth opportunities.

Author: Shraddha Ramdas Manjrekar

Table of Contents

Why is it Increasingly Difficult to Grow?

The Strategic Imperative 8™

The Impact of the Top 3 Strategic Imperatives on the Asian Electric Three-wheeler (E3W) Market

Growth Opportunities Fuel the Growth Pipeline Engine™

Key Takeaways

Competitive Landscape

Pivotal E3W Usages

E3W Target Customer Requirements

Pivotal E3W Parameters

Select OEM Growth Strategy Matrix

Select OEM Growth Strategy Matrix (continued)

Select E3W OEMs’ Growth and Technology Matrix

Trend Impact Analysis on the Asian E3W Market

Business Model: Growth Opportunity Analysis

Recent Partnerships in the Fast-Growing Indian Market

Scope of Analysis

Segmentation

Growth Drivers

Growth Restraints

Growth Metrics

Forecast Assumptions

Forecast Methodology

Unit Sales Forecast

Unit Sales Forecast by Country

Leading Competitors

Trend 1: Booming eCommerce and Last-mile Delivery Services Boosting E3W Sales

Trend 2: Shift from Lead-acid to Lithium-ion Batteries

Trend 3: Battery as a Service (BaaS) for E3Ws

Trend 4: Implementation of Built-in Telematics Solutions

Trend 5: Innovative Battery Solutions: Rapid Charging Technology

Trend 6: Shift from L3 to L5 E3Ws

Trend 7: Innovative EV Tires

Trend 8: Emerging Fintech Platforms Offering Multiple Financing Options

Types of Batteries E3Ws Use

Charging Infrastructure: Requirements and Charging Types

Battery Charging and Swapping Service Providers

Charging Station Distribution

E3W Ecosystem

Select Value Chain Participants

E3W Ecosystem Integration for Select OEMs

E3W Ecosystem Integration for Select OEMs (continued)

Business Model 1: Fleet Management as a Service (FMaaS)

Business Model 2: Renting and Leasing of E3Ws by OEMs

Business Model 3: Shared Mobility for E3Ws

Business Model 4: eTuk-tuk Tours

Growth Metrics

Overall Market Development

Key Government Regulations

E3W Infrastructure

Unit Sales Forecast

Competitive Environment

Company Profile: Huaihai Holding Group

Company Profile: Qiangsheng Group

Company Profile: Zongshen Motor

Growth Metrics

Overall Market Development

Key Government Regulations

E3W Infrastructure

Unit Sales Forecast

Competitive Environment

Company Profile: M&M Last Mile Mobility (LMM)

Company Profile: YC Electric Vehicle

Company Profile: Saera Electric

Growth Metrics

Overall Market Development

Key Government Regulations

E3W Infrastructure

Unit Sales Forecast

Competitive Environment

Company Profile: BEMAC Electric Transportation Philippines, Inc.

Company Profile: Tojo Motors

Company Profile: EGV

Growth Metrics

Overall Market Development

Key Government Regulations

E3W Infrastructure

Unit Sales Forecast

Competitive Environment

Company Profile: eTuk Factory

Company Profile: BIZ NEX Motor

Growth Metrics

Overall Market Development

Key Government Regulations

E3W Infrastructure

Unit Sales Forecast

Competitive Environment

Company Profile: BEMAC Corporation

Company Profile: Terra Motors

Growth Opportunity 1: Investments in E3W Start-ups to Play a Vital Role in Changing the E3W Mobility Space

Growth Opportunity 1: Investments in E3W Start-ups to Play a Vital Role in Changing the E3W Mobility Space (continued)

Growth Opportunity 2: Collaborations with Technologically Advanced EV Stakeholders

Growth Opportunity 2: Collaborations with Technologically Advanced EV Stakeholders (continued)

Growth Opportunity 3: Innovative Business Models Creating New Growth Opportunities

Growth Opportunity 3: Innovative Business Models Creating New Growth Opportunities (continued)

Your Next Steps

Why Frost, Why Now?

List of Exhibits

List of Exhibits (continued)

Legal Disclaimer

Electric three-wheelers (E3Ws) in Asia have registered significant growth due to increasing fuel prices, favorable policies, and government initiatives to improve charging infrastructure, accelerating electric vehicle (EV) adoption in the region. E3Ws are also gaining popularity as they are an environment-friendly option and have low operating costs; post-pandemic, the booming eCommerce market has also supported the growth of cargo E3Ws as most eCommerce companies prefer E3Ws for last-mile mobility. Some Asian countries have also started using E3Ws for tourism, and the trend is gaining popularity. Improving charging infrastructure, especially battery-swapping infrastructure, is expected to improve E3W demand in Asian countries as it will address one of the major concerns drivers have that of range anxiety. This study assesses current trends and emerging business models in the Asian region along with a select few countries' government initiatives, charging infrastructure, top OEM profiles, and growth opportunities. Author: Shraddha Ramdas Manjrekar
More Information
Deliverable Type Market Research
Author Shradha Manjrekar
Industries Automotive
No Index No
Is Prebook No
Keyword 1 Electric Vehicle Market
Keyword 2 Ev Target Market
Keyword 3 Electric Vehicle Charging Infrastructure Market
Podcast No
WIP Number MGF0-01-00-00-00