India Electric Rickshaw Market

India Electric Rickshaw Market

The India electric rickshaw market size reached US$ 1.1 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 2.1 Billion by 2027, exhibiting a growth rate (CAGR) of 11.34% during 2022-2027. An electric rickshaw refers to a battery-operated three-wheeler with a better economy and lower operational as well as maintenance costs. It comprises of a harness, motor, controller, throttle, etc.

An electric rickshaw is eco-friendly as it does not have tailpipes and emits toxic pollutants during operation. In line with this, it is non-conducting, lightweight, strong, highly durable, resistant to fire, etc. As compared to its counterparts, including manually pulled rickshaws, an electric rickshaw is more comfortable to drive. Furthermore, it ensures a smooth driving experience on busy and congested roads while producing fewer vibrations and noise.

Indian E-Rickshaw Market Growth Drivers:

The increasing consumer concerns towards environmental pollution, on account of the widespread adoption of diesel-fueled vehicles, are primarily driving the India electric rickshaw market. Additionally, the launch of various favorable policies by government bodies in the country to promote the utilization of electric vehicles (EVs) in public transportation and fleets is also catalyzing the market growth. Besides this, the affordable price of e-rickshaws and their maneuverability across urban roads of India are propelling the product demand.

Moreover, the rising investments in R&D activities aimed at developing improved variants with powerful motors are acting as significant growth-inducing factors. Apart from this, the growing need for cost-effective first and last-mile transportation is anticipated to fuel the India electric rickshaw market over the forecasted period.

Report Coverage:

Report FeaturesDetails
Base Year of the Analysis2021
Historical Period2016-2021
Forecast Period2022-2027
UnitsUS$ Billion
Segment CoverageMotor Power, Battery Capacity, Battery Type, Sales Channel, End User, Region
Region CoveredNorth India, West and Central India, South India, East India
Customization Scope10% Free Customization
Report Price and Purchase OptionSingle User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499
Post-Sale Analyst Support10-12 Weeks
Delivery FormatPDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

India Electric Rickshaw Market 2022-2027 Competitive Analysis and Segmentation:

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India Electric Rickshaw Market Segmentation:

The report has segmented the India e-rickshaw market on the basis of motor power, battery capacity, battery type, sales channel, end user and region.

Based on Motor Power:

  • <1000 W
  • 1000 – 15000 W
  • >1500W

Based on Battery Capacity:

  • <101 Ah
  • >101 Ah

Based on Battery Type:

  • Li-ion Battery
  • Lead Acid Battery

Based on Sales Channel:

  • Organised
  • Unorganised

Based on End User:

  • Passenger Carrier
  • Load Carrier

Based on Region:

  • North India
  • West and Central India
  • South India
  • East India

Buy Report: https://www.imarcgroup.com/checkout?id=5978&method=1

Key Highlights of the Report:

  • Market Performance (2016-2021)
  • Market Outlook (2022-2027)
  • Market Trends
  • Market Drivers and Success Factors
  • Impact of COVID-19
  • Value Chain Analysis
  • Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

Important Note: Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end-use sectors. These insights are included in the report as a major market contributor.

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

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