The electrically operated is three-wheeled vehicle powered by battery. It can be used to transport goods or people.
Government subsidies and incentives to increase the manufacturing and sales of electrically operated tricycles are anticipated to be the primary growth impelling factors for this market. The ability of electrically operated tricycles to aid in the transportation of passengers and goods in countries like China, India, and Southeast Asia is estimated to result in this market\'s healthy growth rate during the forecast period. More than 93% of electrically operated tricycles appear in Asia market, which exhibits a promising trend of the industry.Attracted by the market profits, more and more companies have entered into electrically operated tricycle industry, the competition between manufacturers at home and abroad is fierce for the time being. Major players of electrically operated tricycle industry are Huaihai, Kingbon, Haibao, Qiangsheng, Senhao, BOSN, Bodo, BIRDE, Besway and Xinge, etc. Huaihai, Kingbon are the two largest manufacturers with sales over 1 million electrically tricycles.
Global Electrically Operated Tricycles market size will reach 13980 million US$ by 2025, from 5913.3 million US$ in 2018, at a CAGR of 13.3% during the forecast period. In this study, 2018 has been considered as the base year and 2019-2025 as the forecast period to estimate the market size for Electrically Operated Tricycles.
This industry study presents the global Electrically Operated Tricycles market size, historical breakdown data (2014-2019) and forecast (2019-2025). The Electrically Operated Tricycles production, revenue and market share by manufacturers, key regions and type;
The consumption of Electrically Operated Tricycles in volume terms are also provided for major countries (or regions), and for each application and product at the global level. Market share, growth rate, and competitive factors are also evaluated for market leaders Huaihai, Kingbon, etc.
The following manufacturers are covered in this report:
Electrically Operated Tricycles Breakdown Data by Type
Side Wheel Motors
In 2018, Side Wheel Motors accounted for a major share of 91% in the global Electrically Operated Tricycles market. And this product segment is poised to reach 11402 K Units by 2025 from 21303 K Units in 2018.
Electrically Operated Tricycles Breakdown Data by Application
In Electrically Operated Tricycles market, Household Use segment holds an important share in terms of application, and it is expected to reach a volume of 15650 (K Units) by 2024, at a CAGR of 11.5% during 2018 and 2024. It means that Electrically Operated Tricycles will be promising in the Household Use field in the next couple of years.
Electrically Operated Tricycles Production by Region
Electrically Operated Tricycles Consumption by Region
Central & South America
Middle East & Africa
The study objectives are:
To analyze and research the global Electrically Operated Tricycles status and future forecast，involving, production, revenue, consumption, historical and forecast.
To present the key Electrically Operated Tricycles manufacturers, production, revenue, market share, Recent Development and development plans in next few years.
To segment the breakdown data by regions, type, manufacturers and applications.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions.
To strategically analyze each submarket with respect to individual growth trend and their contribution to the market.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
In this study, the years considered to estimate the market size of Electrically Operated Tricycles :
History Year: 2014 - 2018
Base Year: 2018
Estimated Year: 2019
Forecast Year: 2019 - 2025
This report includes the estimation of market size for value (million USD) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Electrically Operated Tricycles market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.