By Type (Passenger Carrier, Load Carrier), By Battery (Lead-Acid, Lithium-Ion), By Battery Capacity (Less than 100 Ah, Greater than 100 Ah), By Transmission Mode (Geared, Gearless) By Region (North, South, East, West, North East), By Company
E-Rickshaw is an electric vehicle which is pulled by electric motor and powered by battery. The popularity of E-Rickshaw is growing in the country on account of the low fuel cost, low maintenance cost, no noise pollution, and eco-friendly features. The E-Rickshaw are capable of providing an energy efficient transport system due to low emissions.
According to MarkNtel Advisors’ research report titled “India E-Rickshaw Market Analysis, 2020”, the E-Rickshaw market is projected to register a CAGR of around 15% during 2020-25. The passenger carrier e-rickshaw segment captured the highest market share in the overall India E-Rickshaw market in 2019 due to a growing requirement for public transportation coupled with an increased awareness surrounding harmful vehicle emissions.
The lead-acid battery segment acquired a significant market share in the India E-Rickshaw market in 2019. However, the a pressing requirement for energy-efficient batteries which can enable e-rickshaws to travel longer distances without frequent charging is a key factor which can boost the demand for lithium-ion batteries in the forthcoming period in this industry.
The North India region captured the highest market share in the India E-Rickshaw market in 2019 on an account of increasing initiatives by the government to provide subsidies on the purchase of an e-rickshaw. The initiatives include the Electric Vehicle Policy 2018 and Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India (FAME India) Scheme. Therefore, with the growing focus toward encouraging the usage of electric vehicles, the demand for e-rickshaws is also gradually surging in the country.
According to MarkNtel Advisors, the key players capturing a substantial market share in the India E-Rickshaw market are Terra Motors, Hero Electric, Kinetic Green Energy & Power Solutions, Lohia Auto Industries, ATUL Auto, etc. These companies are actively introducing their respective range of e-rickshaws to gain a competitive edge in the industry.
In 2018, Lohia Auto battery-operated three-wheeler Comfort E Auto. Moreover, the companies such as Mahindra & Mahindra, Altigreen, and Bajaj are increasingly deploying electric three-wheelers in the regions. In 2018, Mahindra Electric Mobility Ltd. signed a Memorandum of Understanding (MoU) with SmartE to provide 1,000 Mahindra Treo and Treo Yaari electric three-wheelers in Delhi NCR by 2019.
Key Questions Answered in the Market Research Report
What are the key overall market statistics or market estimates (Market Overview, Market Size- By Value, Forecast Numbers, Market Segmentation, Market Shares) of India E-Rickshaw market?
What are the region wise industry size, growth drivers and challenges key market trends?
What are the key innovations, technology upgrades, opportunities, regulations, growth drivers and challenges in the India E-Rickshaw market?
Who are the key competitors or market players and how they perform in India E-Rickshaw market on the basis of competitive benchmarking matrix?
What are the key results derived from the market surveys conducted during the course of India E-Rickshaw market study?
Market Outlook, Segmentation and Statistics
Market Size & Analysis
Market Share & Analysis
By Battery Capacity
Less than 100 Ah
Greater than 100 Ah
By Transmission Mode
India E-Rickshaw Market Policy & Regulations
India E-Rickshaw Market Sales & Distribution Channel Analysis
India E-Rickshaw Market Porters Five Forces Analysis
India E-Rickshaw Market Key Strategic Imperatives for Growth & Success
Frequently Asked Questions
Q. What would be the growth rate or CAGR of India E-Rickshaw market during 2020-25?
A. The market size of India E-Rickshaw market during 2020-25 is forecast to be around 15%.
Q. Which region would grab the highest market share during 2020-25?
A. It is forecast that North region will dominate the market with majority market share, with market size registering considerably higher CAGR.
Q. Who are the key competitors or players operating in India E-Rickshaw market?
A. Terra Motors, Hero Electric, Kinetic Green Energy & Power Solutions, Lohia Auto Industries, ATUL Auto, Mahindra Electric, Gayam Motors, Vani Electric, Saera Electric Auto are few of the leading players in the India E-Rickshaw market.
Q. Does the report scope cover region wise market statistics also?
A. Yes, the scope of the report encompass detailed regional statistics such as market size, market segmentation based on various subcategories.
Q. Which E-Rickshaw segment would emerge as an opportunity area for players in India E-Rickshaw?
A. Passenger carrier e-rickshaw would continue to grow at a highest CAGR, presenting immense opportunities for manufacturers and suppliers of E-Rickshaw across India.
1.1. Product Definition
1.2. Research Process
1.4. Market Segmentation
2. Executive Summary
3. Expert Verbatim- What our Experts Say?
4. India Macroeconomic Outlook
5. India E-Rickshaw Market Outlook, 2015-2025F
5.1. Market Size & Analysis
5.1.1. Units Sold
5.1.2. Market Revenues
5.2. Market Share & Analysis
5.2.1. By Type
220.127.116.11. Passenger Carrier
18.104.22.168. Load Carrier
5.2.2. By Battery
5.2.3. By Battery Capacity
22.214.171.124. Less than 100 Ah
126.96.36.199. Greater than 100 Ah
5.2.4. By Transmission Mode
5.2.5. By Region
188.8.131.52. North East
5.2.6. By Company
184.108.40.206. Revenue Shares
220.127.116.11. Strategic Factorial Indexing
18.104.22.168. Competitor Placement in MarkNtel Quadrant
6. Northern India E-Rickshaw Market Outlook, 2015-2025F
6.1. Market Size & Analysis
6.1.1. Units Sold
6.1.2. Market Revenues
6.2. Market Share & Analysis
6.2.1. By Type
6.2.2. By Battery
6.2.3. By Battery Capacity
6.2.4. By Transmission Mode
6.2.5. By States
7. Southern India E-Rickshaw Market Outlook, 2015-2025F
7.1. Market Size & Analysis
7.1.1. Units Sold
7.1.2. Market Revenues
7.2. Market Share & Analysis
7.2.1. By Type
7.2.2. By Battery
7.2.3. By Battery Capacity
7.2.4. By Transmission Mode
7.2.5. By States
8. Western India E-Rickshaw Market Outlook, 2015-2025F
8.1. Market Size & Analysis
8.1.1. Units Sold
8.1.2. Market Revenues
8.2. Market Share & Analysis
8.2.1. By Type
8.2.2. By Battery
8.2.3. By Battery Capacity
8.2.4. By Transmission Mode
8.2.5. By States
9. Eastern India E-Rickshaw Market Outlook, 2015-2025F
9.1. Market Size & Analysis
9.1.1. Units Sold
9.1.2. Market Revenues
9.2. Market Share & Analysis
9.2.1. By Type
9.2.2. By Battery
9.2.3. By Battery Capacity
9.2.4. By Transmission Mode
9.2.5. By States
10. North Eastern India E-Rickshaw Market Outlook, 2015-2025F
10.1. Market Size & Analysis
10.1.1. Units Sold
10.1.2. Market Revenues
10.2. Market Share & Analysis
10.2.1. By Type
10.2.2. By Battery
10.2.3. By Battery Capacity
10.2.4. By Transmission Mode
10.2.5. By States
11. India E-Rickshaw Market Policy & Regulations
12. India E-Rickshaw Market Trends & Development
13. India E-Rickshaw Market Dynamics
14. India E-Rickshaw Market Sales & Distribution Channel Analysis
15. India E-Rickshaw Market Porters Five Forces Analysis
17. India E-Rickshaw Market Key Strategic Imperatives for Growth & Success
18. Competitive Benchmarking
18.1.1. Product Portfolio
18.1.2. Target Markets
18.1.3. Target End Users
18.1.4. Research & Development
18.1.5. Strategic Alliances
18.2.1. Terra Motors Corporation
18.2.2. Hero Electric Vehicles Pvt. Ltd.
18.2.3. Kinetic Green Energy & Power Solutions Ltd.