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Global Three-Wheeler (3W) Goods Carrier Market 2017-2021 with Atul Auto, Mahindra and Mahindra, Piaggio, Scooters India & Qiangsheng Electric Tricycle Factory Dominating - Research and Markets


Research and Markets has announced the addition of the "Global Three-Wheeler (3W) Goods Carrier Market 2017-2021" report to their offering.

The global 3W goods carrier market to grow at a CAGR of 4.08% during the period 2017-2021.

The report covers the present scenario and the growth prospects of the global 3W goods carrier market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of 3W goods carrier. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Currently, the traditional ICE vehicles dominate the market due to their tested and proven engine mechanism and performance. Another engine type is electric vehicles. These types of vehicles have been introduced in recent years, and their technology is at its nascent stage. However, during the forecast period, electric vehicles are expected to gain traction and become a major mode of mobility.

According to the report, in addition, the low operational costs of 3Ws compared with four-wheelers drive the market. The components and accessories of 3Ws are designed to have long life considering the heavy usage than other vehicles. Challenges related to four-wheelers have led most of the manufacturers to focus on improving the technology and reducing the cost of maintenance to attract more buyers.

Further, the report states that the four-wheeler minitrucks are hindering the sales growth of 3W goods carriers. Also, the major 3W key players like PIAGGIO and Bajaj Auto are trying to push their business into small four-wheeled vehicles, known as quadricycles. This is, in turn, impacting the sales of 3Ws negatively.

Key vendors

  • Atul Auto
  • Mahindra and Mahindra
  • Piaggio
  • Scooters India
  • Qiangsheng Electric Tricycle Factory

Other prominent vendors

  • Bajaj Auto
  • Terra Motors
  • TVS

Key Topics Covered:

Part 01: Executive summary

Part 02: Scope of the report

Part 03: Research Methodology

Part 04: Introduction

Part 05: Market landscape

Part 06: Geographical segmentation

Part 07: Key leading countries

Part 08: Decision framework

Part 09: Drivers and challenges

Part 10: Market trends

Part 11: Vendor landscape

Part 12: Key vendor analysis

Part 13: Appendix

For more information about this report visit http://www.researchandmarkets.com/research/27klmb/global

View source version on businesswire.com: http://www.businesswire.com/news/home/20170427006990/en/