Africa Electric Three Wheeler Market Size, Share, Analysis & Forecast 2023

Summary

Report Description

Africa electric three-wheeler market is forecast to grow from around $ 7 million in 2017 to $ 16.8 million by 2023, exhibiting a CAGR of 16.23% during 2018-2023, on the back of growing government initiatives and subsidies aimed at encouraging the use of environment friendly mode of transportation, owing to rising pollution levels across the region. Increasing fuel prices, easy availability of financing options and entry of several international players are some of the other key factors anticipated to positively influence the electric three-wheelers market in the region during forecast period.

Years considered for this report:

Historical Years: 2013-2016

Base Year: 2017

Estimated Year: 2018

Forecast Period: 2019–2023

Objective of the Study:

To analyze and forecast the Africa electric three-wheeler market size.
To classify and forecast Africa electric three-wheeler market on the basis of vehicle type, battery type, battery capacity and country.
To identify drivers and challenges for Africa electric three-wheeler market.
To identify market trends and developments in Africa electric three-wheeler market.
To identify and analyze the profile of leading players operating in the Africa electric three-wheeler market.

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Few of the major companies operating in Africa Electric Three-Wheeler Market are ChongQing Zongshen Tricycle Manufacturing Co., Ltd., NINGBO DOWEDO INTERNATIONAL TRADE CO.,LTD, Xianghe Qiangsheng Electric Tricycle Factory, Hero Electric Vehicles Pvt Ltd., Terra Motors India Corp., Clean Motion, Lohia Auto Industries, Kinetic Green Energy & Power Solutions Ltd., Saera Electric Auto Pvt. Ltd, etc.

In order to perform the study, TechSci Research conducted primary as well as exhaustive secondary research. Initially, TechSci Research prepared an exhaustive list of electric three-wheeler companies operating in the region. Subsequently, TechSci Research conducted primary research surveys, which included primary calls, email responses, etc., with the identified companies. While interviewing, the respondents were also asked about their major competitors. Through this technique, TechSci Research was able to include electric three-wheeler manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed product offerings, distribution network, and regional presence of all major electric three-wheeler companies operating across the region.

TechSci Research calculated the Africa electric three-wheeler market size using a bottom-up technique, wherein the value service data for different vehicle types (Passenger Carrier & Load Carrier) was recorded as well as forecast for the future years. TechSci Research sourced these values from industry experts and company representatives, and externally validated through analyzing historical data of respective companies to arrive at the overall market size. Multiple secondary sources such as directories, databases such as World Bank, company websites, company annual reports, white papers, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:

Electric three-wheeler manufacturers, distributors and other stakeholders
Associations, organizations, forums and alliances related to electric three-wheeler industry
Government bodies such as regulating authorities and policymakers
Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for industry stakeholders such as electric three-wheeler manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years, thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.

Report Scope:

In this report, Africa electric three-wheeler market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

Market, by Vehicle Type:

Passenger Carrier
Load Carrier

Market, by Battery Capacity:

<101Ah
>101Ah

Market, by Battery Type:

Lead Acid
Lithium Ion

Market, by Country:

Egypt
Nigeria
Tanzania
Algeria
Ethiopia
Morocco
Rest of Africa

Competitive Landscape

Company Profiles: Detailed analysis of the major companies operating in Africa electric three-wheeler market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players.

In case you don’t find what you are looking for, please get in touch with our custom research team at [email protected]

Table of content

1. Product Overview

2. Research Methodology

3. Analyst View

4. Africa Electric Three-Wheeler Market Outlook

4.1. Market Size & Forecast

4.1.1.By Value & Volume

4.2. Market Share & Forecast

4.2.1.By Vehicle Type (Passenger Carrier & Load Carrier)

4.2.2.By Battery Capacity (<101Ah & >101Ah)

4.2.3.By Battery Type (Lithium Ion & Lead Acid)

4.2.4.By Country

4.3. Market Attractiveness Index (By Vehicle Type)

4.4. Egypt Electric Three-Wheeler Market Outlook

4.4.1.Market Size & Forecast

4.4.1.1. By Value & Volume

4.4.2.Market Share & Forecast

4.4.2.1. By Vehicle Type

4.4.2.2. By Battery Capacity

4.4.2.3. By Battery Type

4.4.3.Market Attractiveness Index (By Vehicle Type)

4.5. Morocco Electric Three-Wheeler Market Outlook

4.5.1.Market Size & Forecast

4.5.1.1. By Value & Volume

4.5.2.Market Share & Forecast

4.5.2.1. By Vehicle Type

4.5.2.2. By Battery Capacity

4.5.2.3. By Battery Type

4.5.3.Market Attractiveness Index (By Vehicle Type)

4.6. Ethiopia Electric Three-Wheeler Market Outlook

4.6.1.Market Size & Forecast

4.6.1.1. By Value & Volume

4.6.2.Market Share & Forecast

4.6.2.1. By Vehicle Type

4.6.2.2. By Battery Capacity

4.6.2.3. By Battery Type

4.6.3.Market Attractiveness Index (By Vehicle Type)

4.7. Tanzania Electric Three-Wheeler Market Outlook

4.7.1.Market Size & Forecast

4.7.1.1. By Value & Volume

4.7.2.Market Share & Forecast

4.7.2.1. By Vehicle Type

4.7.2.2. By Battery Capacity

4.7.2.3. By Battery Type

4.7.3.Market Attractiveness Index (By Vehicle Type)

4.8. Nigeria Electric Three-Wheeler Market Outlook

4.8.1.Market Size & Forecast

4.8.1.1. By Value & Volume

4.8.2.Market Share & Forecast

4.8.2.1. By Vehicle Type

4.8.2.2. By Battery Capacity

4.8.2.3. By Battery Type

4.8.3.Market Attractiveness Index (By Vehicle Type)

4.9. Algeria Electric Three-Wheeler Market Outlook

4.9.1.Market Size & Forecast

4.9.1.1. By Value & Volume

4.9.2.Market Share & Forecast

4.9.2.1. By Vehicle Type

4.9.2.2. By Battery Capacity

4.9.2.3. By Battery Type

4.9.3.Market Attractiveness Index (By Vehicle Type)

5. Market Dynamics

5.1. Drivers

5.2. Challenges

6. Market Trends & Developments

7. Competitive Landscape

7.1. ChongQing Zongshen Tricycle Manufacturing Co., Ltd.

7.2. NINGBO DOWEDO INTERNATIONAL TRADE CO.,LTD

7.3. Xianghe Qiangsheng Electric Tricycle Factory

7.4. Hero Electric Vehicles Pvt Ltd.

7.5. Terra Motors India Corp.

7.6. Clean Motion

7.7. Lohia Auto Industries

7.8. Kinetic Green Energy & Power Solutions Ltd.

7.9. Saera Electric Auto Pvt. Ltd

8. Strategic Recommendations

Figures and Tables

List of Figures

Figure 1: Africa Electric Three-Wheeler Market Size, By Value (USD Billion), By Volume (Thousand Unit), 2013-2023F

Figure 2: Africa Access To Electricity (% of Population), 2012-2016

Figure 3: Africa Electric Three-Wheeler Market Share, By Vehicle Type, By Volume, 2013-2023F

Figure 4: Africa Imports of Goods And Services (USD Billion), 2012-2017

Figure 5: Africa Electric Three-Wheeler Market Share, By Battery Capacity, By Volume, 2013-2023F

Figure 6: Africa Transport Services (% of Service Imports, BoP), 2012-2017

Figure 7: Africa Electric Three-Wheeler Market Share, By Battery Type, By Volume, 2013-2023F

Figure 8: Africa GDP (USD Billion), 2012-2017

Figure 9: Africa Electric Three-Wheeler Market Share, By Country, By Volume, 2013-2023F

Figure 10: Africa Electric Three-Wheeler Market Attractiveness Index, By Vehicle Type, By Volume, 2018E-2023F

Figure 11: Egypt Electric Three-Wheeler Market Size, By Value (USD Billion), By Volume (Thousand Unit), 2013-2023F

Figure 12: Egypt GDP (USD Billion), 2012-2017

Figure 13: Egypt Electric Three-Wheeler Market Share, By Vehicle Type, By Volume, 2013-2023F

Figure 14: Egypt GDP Per Capita, 2012-2017

Figure 15: Egypt Electric Three-Wheeler Market Share, By Battery Capacity, By Volume, 2013-2023F

Figure 16: Egypt Population (Million), 2012-2017

Figure 17: Egypt Electric Three-Wheeler Market Share, By Battery Type, By Volume, 2013-2023F

Figure 18: Egypt Access to Electricity (% of Population), 2012-2016

Figure 19: Egypt Electric Three-Wheeler Market Attractiveness Index, By Vehicle Type, By Volume, 2018E-2023F

Figure 20: Morocco Electric Three-Wheeler Market Size, By Value (USD Billion), By Volume (Thousand Unit), 2013-2023F

Figure 21: Morocco GDP (USD Billion), 2012-2017

Figure 22: Morocco Electric Three-Wheeler Market Share, By Vehicle Type, By Volume, 2013-2023F

Figure 23: Morocco GDP Per Capita, 2012-2017

Figure 24: Morocco Electric Three-Wheeler Market Share, By Battery Capacity, By Volume, 2013-2023F

Figure 25: Morocco Population (Million), 2012-2017

Figure 26: Morocco Electric Three-Wheeler Market Share, By Battery Type, By Volume, 2013-2023F

Figure 27: Morocco Access to Electricity (% of Population), 2012-2016

Figure 28: Morocco Electric Three-Wheeler Market Attractiveness Index, By Vehicle Type, By Volume, 2018E-2023F

Figure 29: Ethiopia Electric Three-Wheeler Market Size, By Value (USD Billion), By Volume (Thousand Unit), 2013-2023F

Figure 30: Ethiopia GDP (USD Billion), 2012-2017

Figure 31: Ethiopia Electric Three-Wheeler Market Share, By Vehicle Type, By Volume, 2013-2023F

Figure 32: Ethiopia GDP Per Capita (USD), 2012-2017

Figure 33: Ethiopia Electric Three-Wheeler Market Share, By Battery Capacity, By Volume, 2013-2023F

Figure 34: Ethiopia Population (Million), 2012-2017

Figure 35: Ethiopia Electric Three-Wheeler Market Share, By Battery Type, By Volume, 2013-2023F

Figure 36: Ethiopia Access to Electricity (% of Population), 2012-2016

Figure 37: Ethiopia Electric Three-Wheeler Market Attractiveness Index, By Vehicle Type, By Volume,

2018E-2023F

Figure 38: Tanzania Electric Three-Wheeler Market Size, By Value (USD Billion), By Volume (Thousand Unit), 2013-2023F

Figure 39: Tanzania GDP (USD Billion), 2012-2017

Figure 40: Tanzania Electric Three-Wheeler Market Share, By Vehicle Type, By Volume, 2013-2023F

Figure 41: Tanzania GDP Per Capita, 2012-2017

Figure 42: Tanzania Electric Three-Wheeler Market Share, By Battery Capacity, By Volume, 2013-2023F

Figure 43: Tanzania Population (Million), 2012-2017

Figure 44: Tanzania Electric Three-Wheeler Market Share, By Battery Type, By Volume, 2013-2023F

Figure 45: Tanzania Access to Electricity (% of Population), 2012-2016

Figure 46: Tanzania Electric Three-Wheeler Market Attractiveness Index, By Vehicle Type, By Volume, 2018E-2023F

Figure 47: Nigeria Electric Three-Wheeler Market Size, By Value (USD Billion), By Volume (Thousand Unit), 2013-2023F

Figure 48: Nigeria GDP (USD Billion), 2012-2017

Figure 49: Nigeria Electric Three-Wheeler Market Share, By Vehicle Type, By Volume, 2013-2023F

Figure 50: Nigeria GDP Per Capita, 2012-2017

Figure 51: Nigeria Electric Three-Wheeler Market Share, By Battery Capacity, By Volume, 2013-2023F

Figure 52: Nigeria Population (Million), 2012-2017

Figure 53: Nigeria Electric Three-Wheeler Market Share, By Battery Type, By Volume, 2013-2023F

Figure 54: Nigeria Access to Electricity (% of Population), 2012-2016

Figure 55: Nigeria Electric Three-Wheeler Market Attractiveness Index, By Vehicle Type, By Volume, 2018E-2023F

Figure 56: Algeria Electric Three-Wheeler Market Size, By Value (USD Billion), By Volume (Thousand Unit), 2013-2023F

Figure 57: Algeria GDP (USD Billion), 2012-2017

Figure 58: Algeria Electric Three-Wheeler Market Share, By Vehicle Type, By Volume, 2013-2023F

Figure 59: Algeria GDP Per Capita, 2012-2017

Figure 60: Algeria Electric Three-Wheeler Market Share, By Battery Capacity, By Volume, 2013-2023F

Figure 61: Algeria Population (Million), 2012-2017

Figure 62: Algeria Electric Three-Wheeler Market Share, By Battery Type, By Volume, 2013-2023F

Figure 63: Algeria Access to Electricity (% of Population), 2012-2016

Figure 64: Algeria Electric Three-Wheeler Market Attractiveness Index, By Vehicle Type, By Volume, 2018E-2023F

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Press Release

Africa Electric Three Wheeler Market to Exhibit Double Digit CAGR until 2023

Sep, 2018

Rising fuel prices, increasing pollution levels and various advantages such as economical pricing and ease of maintenance associated with electric three-wheelers to fuel Africa electric three-wheeler

Africa Electric Three Wheeler Market By Vehicle Type (Passenger Carrier & Load Carrier), By Battery Capacity (<101Ah & >101Ah), By Battery Type (Lead Acid & Lithium Ion), By Country, Competition Forecast & Opportunities, 2013-2023

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