Africa Electric Three-Wheeler Market Assessment, By Battery Type [Lead Acid, Lithium-Ion, NiMH], By Power Type [Upto 1000W, 1000W-1500W, Above 1500W], By Application [Commercial, Personal], By Region, Opportunities, and Forecast, 2016-2030F

Africa electric three-wheeler market will grow at a CAGR of 12.54% between 2023 and 2030. The increase in the use of electric three-wheelers for online groceries and food deliveries has increased the demand for electric three-wheelers in the and Africa region.

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Overview

Africa Electric Three-Wheeler Market is anticipated to grow at a faster CAGR of 12.54% during the forecast period between 2023 and 2030. Dominated by the Asia Pacific region, the global electric three wheeler market size was valued at USD 751.94 million in 2021 and will register a CAGR of 8.23% during the forecast period till 2030. Due to the fact that electric three-wheelers produce fewer emissions than any other type of fuel-based vehicle, there is a rising demand for them in the African nations. Governments in various African nations are increasingly implementing emission-free public transportation networks in an effort to promote low-emission vehicles.  As a result, the sales of three-wheelers are rising, which is having a significantly positive impact on the Africa Electric Three-Wheeler Market.

Electric Three-Wheeler – An Eco-Friendly and Efficient Mobility Solution

The pollution rate of electric three-wheelers is practically negligible, making them a viable alternative to ICE vehicles. Since electric three-wheelers are more environment friendly and have lower long-term operating costs than vehicles with fuel-based emissions, government in Africa has begun to replace ICE vehicles in their public transit systems including vehicles like three wheelers that provide last mile reach. A further factor driving the market expansion is the three-wheeler owners' preference for electric three-wheelers for shorter commutes due to the growing costs of gasoline, CNG, and diesel.

Rapid Growth of Electric Three-Wheeler in E-commerce Market

Due to the rise in e-commerce activities, such as online food ordering services and grocery sales in nations like Nigeria, South Africa, etc., have increased the demand for electric three-wheelers for delivery purposes for cost effective commute due to which the demand for electric three wheelers is expanding quickly in many countries throughout Africa. As many different electric three-wheeler brands are releasing their models in this segment, the market will grow rapidly and achieve deeper market penetration for electric three-wheelers. Such trends are boosting imports and sales of the electric three-wheelers in the African region.

Impact of COVID-19 on Africa Electric Three-Wheeler Market

Due to the lockdown that resulted due to the strict social distancing norms implemented by the government to curtail the spread of COVID-19 pandemic, most of the global production facilities of automotive firms that produced electric three-wheelers were shut down. This had a negative effect on the automotive industry particularly electric three wheelers. After the adverse impact of COVID-19 on business operations, the majority of electric three-wheeler manufacturers have reopened their factories, which will help meet the demand that is escalating quickly in the African countries. In order to increase sales of electric three-wheelers in Africa, many automakers have made the decision to introduce new models in 2022 and beyond.

Post COVID-19, Africa’s economy is recovering as the supply chain concerns get resolved and import trade in automobile and transportation industry resumed almost at the pre-pandemic levels. Many manufacturers are showing interest in export of electric three wheelers to the African region as there is demand for urban mobility and also improving economic conditions after COVID-19. Government is also taking initiative towards green mobility after COVID-19 in African regions specially in countries such as South Africa and Egypt.

Impact of Russia-Ukraine War on Africa Electric Three-Wheeler Market

Russia Ukraine war has disrupted Africa’s promising recovery from the pandemic by temporarily impacting trade flow of goods and raw material for automobile and EV industry specifically for batteries. As a result, supply disruption affected the growth of electric three-wheeler market leading to lower sales. Similarly, surge in prices of components essential for manufacturing of electric three wheelers was witnessed which led to a decline in the volume of imports of electric three wheelers from Africa.

Africa Electric Three-Wheeler Market Assessment, Opportunities and Forecast: Report Scope

Africa Electric Three-Wheeler Market Assessment, Opportunities and Forecast, 2016-2030F,” is a comprehensive report by Market Xcel, providing in-depth analysis and assessment of the current state of business in the electric three-wheeler market in Africa, industry dynamics and challenges. The report includes market size, segmental shares, growth trends, COVID-19 and Russia-Ukraine war impact, opportunities, and forecasts (2023-2030). Additionally, the report profiles the leading players in the industry mentioning their respective market share, business model, competitive intelligence, etc.

Report Attribute

Details

Base Year for Analysis

2022

Historical Period

2016-2021

Forecast Period

2023-2030

Projected Rate

CAGR of 12.54% between 2023 and 2030

Units

Revenue in USD Million and Volume in Thousand Units

Segments Covered

1.       By Battery Type

2.       By Power Type

3.       By Application

Regions Covered

1.       South Africa

2.       Ghana

3.       Mozambique

4.       Egypt

5.       Kenya

6.       Nigeria

7.       Morocco

8.       Rest of Africa

Key Companies Profiled

Yamaha Motor Company Limited, Mazi Mobility Company, Lifan Technology (Group) Co., Ltd., ATUL Auto Limited, Mahindra Electric Mobility Limited, Terra Motors Corporation, Piaggio & C. SpA., Kinetic Green Energy & Power Solutions Ltd., Chongqing Zongshen Vehicle Co., Ltd, Huaihai International Development Corporation

Customization Scope

15% free report customization with purchase. Alteration to country, regional, and segment scope.

Pricing and Purchase Options

Avail the customized purchase options to fulfil your precise research needs.

Delivery Format

PDF and Excel through email (subject to the license purchased)

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In this report, Africa Electric Three-Wheeler Market has been segmented into following categories:

1.       Africa Electric Three-Wheeler Market, By Battery Type

1.1.    Lead Acid

1.2.    Lithium-ion

1.3.    NiMH

2.        Africa Electric Three-Wheeler Market, By Power Type

2.1.    Upto 1000W

2.2.    1000W-1500W

2.3.    Above 1500W

3.        Africa Electric Three-Wheeler Market, By Application

3.1.    Commercial

3.2.    Personal

4.        Africa Electric Three-Wheeler Market, By Region

4.1.    South Africa

4.2.    Ghana

4.3.    Mozambique

4.4.    Egypt

4.5.    Kenya

4.6.    Nigeria

4.7.    Morocco

4.8.   Rest of Africa

Key Player Landscape and Outlook

Strategic long-term alliances and contracts are expected to play a vital role in maximising the revenue share of commercial companies. Additionally, because of the rising demand, players are emerging from established market. Yamaha Motor Company Limited, Mazi Mobility Company, Lifan Technology (Group) Co., Ltd., ATUL Auto Limited, Mahindra Electric Mobility Limited, Terra Motors Corporation, Piaggio & C. SpA are some key players dominating Electric three-wheeler market in Africa.

Key Players Operating in Africa Electric Three-Wheeler Market

1.       Yamaha Motor Company Limited

2.       Mazi Mobility Company

3.       Lifan Technology (Group) Co., Ltd.

4.       ATUL Auto Limited

5.       Mahindra Electric Mobility Limited

6.       Terra Motors Corporation

7.       Piaggio & C. SpA

8.       Kinetic Green Energy & Power Solutions Ltd.

9.       Chongqing Zongshen Vehicle Co., Ltd

10.   Huaihai International Development Corporation

If you can't find what you're searching for or have any custom requirements for Africa Electric Three-Wheeler Market, you may approach our team at info@marketsandata.com

Table of Contents

 

1.       Research Methodology

2.       Product Overview

3.       Impact of COVID-19 on Africa Electric Three-Wheeler Market

4.       Impact of Russia-Ukraine War on Africa Electric Three-Wheeler Market

5.       Executive Summary

6.       Voice of Customer

7.       Africa Electric Three-Wheeler Market Outlook, 2016-2030F

7.1.    Market Size & Forecast

7.1.1.By Value

7.1.2.By Volume

7.2.    Market Share & Forecast

7.2.1.By Battery Type

7.2.1.1.              Lead Acid

7.2.1.2.              Lithium-ion

7.2.1.3.              NiMH

7.2.2.By Power Type

7.2.2.1.              Upto 1000W

7.2.2.2.              1000W-1500W

7.2.2.3.              Above 1500W

7.2.3.By Application

7.2.3.1.              Commercial

7.2.3.2.              Personal

7.2.4.By Region

7.2.4.1.              South Africa

7.2.4.2.              Ghana

7.2.4.3.              Mozambique

7.2.4.4.              Egypt

7.2.4.5.              Kenya

7.2.4.6.              Nigeria

7.2.4.7.              Morocco

7.2.4.8.              Rest of Africa

8.       South Africa Electric Three-Wheeler Market Outlook, 2016-2030F

8.1.    Market Size & Forecast

8.1.1.By Value

8.1.2.By Volume

8.2.    Market Share & Forecast

8.2.1.By Battery Type

8.2.1.1.              Lead Acid

8.2.1.2.              Lithium-ion

8.2.1.3.              NiMH

8.2.2.By Power Type

8.2.2.1.              Upto 1000W

8.2.2.2.              1000W-1500W

8.2.2.3.              Above 1500W

8.2.3.By Application

8.2.3.1.              Commercial

8.2.3.2.              Personal

9.       Ghana Electric Three-Wheeler Market Outlook, 2016-2030F

9.1.    Market Size & Forecast

9.1.1.By Value

9.1.2.By Volume

9.2.    Market Share & Forecast

9.2.1.By Battery Type

9.2.1.1.              Lead Acid

9.2.1.2.              Lithium-ion

9.2.1.3.              NiMH

9.2.2.By Power Type

9.2.2.1.              Upto 1000W

9.2.2.2.              1000W-1500W

9.2.2.3.              Above 1500W

9.2.3.By Application

9.2.3.1.              Commercial

9.2.3.2.              Personal

10.   Mozambique Electric Three-Wheeler Market Outlook, 2016-2030F

10.1.                     Market Size & Forecast

10.1.1.    By Value

10.1.2.    By Volume

10.2.                     Market Share & Forecast

10.2.1.    By Battery Type

10.2.1.1.          Lead Acid

10.2.1.2.          Lithium-ion

10.2.1.3.          NiMH

10.2.2.    By Power Type

10.2.2.1.          Upto 1000W

10.2.2.2.          1000W-1500W

10.2.2.3.          Above 1500W

10.2.3.    By Application

10.2.3.1.          Commercial

10.2.3.2.          Personal

11.   Egypt Electric Three-Wheeler Market Outlook, 2016-2030F

11.1.                     Market Size & Forecast

11.1.1.    By Value

11.1.2.    By Volume

11.2.                     Market Share & Forecast

11.2.1.    By Battery Type

11.2.1.1.          Lead Acid

11.2.1.2.          Lithium-ion

11.2.1.3.          NiMH

11.2.2.    By Power Type

11.2.2.1.          Upto 1000W

11.2.2.2.          1000W-1500W

11.2.2.3.          Above 1500W

11.2.3.    By Application

11.2.3.1.          Commercial

11.2.3.2.          Personal

12.   Kenya Electric Three-Wheeler Market Outlook, 2016-2030F

12.1.                     Market Size & Forecast

12.1.1.    By Value

12.1.2.    By Volume

12.2.                     Market Share & Forecast

12.2.1.    By Battery Type

12.2.1.1.          Lead Acid

12.2.1.2.          Lithium-ion

12.2.1.3.          NiMH

12.2.2.    By Power Type

12.2.2.1.          Upto 1000W

12.2.2.2.          1000W-1500W

12.2.2.3.          Above 1500W

12.2.3.    By Application

12.2.3.1.          Commercial

12.2.3.2.          Personal

13.   Nigeria Electric Three-Wheeler Market Outlook, 2016-2030F

13.1.                     Market Size & Forecast

13.1.1.    By Value

13.1.2.    By Volume

13.2.                     Market Share & Forecast

13.2.1.    By Battery Type

13.2.1.1.          Lead Acid

13.2.1.2.          Lithium-ion

13.2.1.3.          NiMH

13.2.2.    By Power Type

13.2.2.1.          Upto 1000W

13.2.2.2.          1000W-1500W

13.2.2.3.          Above 1500W

13.2.3.    By Application

13.2.3.1.          Commercial

13.2.3.2.          Personal

14.   Morocco Electric Three-Wheeler Market Outlook, 2016-2030F

14.1.                     Market Size & Forecast

14.1.1.    By Value

14.1.2.    By Volume

14.2.                     Market Share & Forecast

14.2.1.    By Battery Type

14.2.1.1.          Lead Acid

14.2.1.2.          Lithium-ion

14.2.1.3.          NiMH

14.2.2.    By Power Type

14.2.2.1.          Upto 1000W

14.2.2.2.          1000W-1500W

14.2.2.3.          Above 1500W

14.2.3.    By Application

14.2.3.1.          Commercial

14.2.3.2.          Personal

15.   Rest of Africa Electric Three-Wheeler Market Outlook, 2016-2030F

15.1.                     Market Size & Forecast

15.1.1.    By Value

15.1.2.    By Volume

15.2.                     Market Share & Forecast

15.2.1.    By Battery Type

15.2.1.1.          Lead Acid

15.2.1.2.          Lithium-ion

15.2.1.3.          NiMH

15.2.2.    By Power Type

15.2.2.1.          Upto 1000W

15.2.2.2.          1000W-1500W

15.2.2.3.          Above 1500W

15.2.3.    By Application

15.2.3.1.          Commercial

15.2.3.2.          Personal

16.   Africa Electric Three-Wheeler Market Mapping, 2021

16.1.                     By Battery Type

16.2.                     By Power Type

16.3.                     By Application

16.4.                     By Region

17.   Macro-Business Environmental Scope

17.1.                     Porter’s Five Forces Analysis

17.2.                     PESTEL Analysis

17.3.                     Value Chain Analysis

17.4.                     Pricing Point Analysis

17.5.                     Best Practice Case Studies by Market Leaders (Upto Three)

18.   Market Analysis

18.1.                     Growth Opportunities

18.2.                     Growth Inhibitors

19.   Key Trends & Developments

20.   Key Players Landscape

20.1.                     SWOT Analysis of Top Five Market Leaders

20.1.1.    Core Competence and Key Value Proposition

20.1.2.    Areas of Improvement

20.1.3.    Untapped Scope of Business

20.1.4.    Market Value Proposed by Competitors

20.2.                     Competition Matrix of Market Leaders

20.3.                     Market Revenue Analysis of Market Leaders (in %, 2022)

20.4.                     Emerging Players and Substitutes (If Any)

20.5.                     Mergers & Acquisitions/ Joint Ventures (If Applicable)

21.   Key Players Outlook

21.1.                     Yamaha Motor Company Limited

21.1.1.    Company Details

21.1.2.    Products & Services

21.1.3.    Financials (As Reported)

21.1.4.    Key Market Focus & Geographical Presence

21.1.5.    Recent Developments

21.1.6.    Key Management Personnel

21.2.                     Mazi Mobility Company

21.3.                     Lifan Technology (Group) Co., Ltd.

21.4.                     ATUL Auto Limited

21.5.                     Mahindra Electric Mobility Limited

21.6.                     Terra Motors Corporation

21.7.                     Piaggio & C. SpA

21.8.                     Kinetic Green Energy & Power Solutions Ltd.

21.9.                     Chongqing Zongshen Vehicle Co., Ltd

21.10.                  Huaihai International Development Corporation

22.   Strategic Insights & Recommendations

23.   About Us & Disclaimer

List of Figure

Figure 1.          Africa Electric Three-wheeler Market, By Value, In USD MILLION, 2016 - 2030F

Figure 2.          Africa Electric Three-wheeler Market, By Volume, In Thousand Units, 2016 - 2030F

Figure 3.          Africa Electric Three-wheeler Market Share, By Battery Type, In USD MILLION, 2016 - 2030F

Figure 4.          Africa Electric Three-wheeler Market Share, By Battery Type, In Thousand Units, 2016 - 2030F

Figure 5.          Africa Electric Three-wheeler Market Share, By Power Type, In USD MILLION, 2016 - 2030F

Figure 6.          Africa Electric Three-wheeler Market Share, By Power Type, In Thousand Units, 2016 - 2030F

Figure 7.          Africa Electric Three-wheeler Market Share, By Application, In USD MILLION, 2016 - 2030F

Figure 8.          Africa Electric Three-wheeler Market Share, By Application, In Thousand Units, 2016 - 2030F

Figure 9.          Africa Electric Three-wheeler Market Share, By Country, In USD MILLION, 2016 - 2030F

Figure 10.       Africa Electric Three-wheeler Market Share, By Country, In Thousand Units, 2016 - 2030F

Figure 11.       South Africa Electric Three-wheeler Market, By Value, In USD MILLION, 2016 - 2030F

Figure 12.       South Africa Electric Three-wheeler Market, By Volume, In Thousand Units, 2016 - 2030F

Figure 13.       South Africa Electric Three-wheeler Market Share, By Battery Type, In USD MILLION, 2016 - 2030F

Figure 14.       South Africa Electric Three-wheeler Market Share, By Battery Type, In Thousand Units, 2016 - 2030F

Figure 15.       South Africa Electric Three-wheeler Market Share, By Power Type, In USD MILLION, 2016 - 2030F

Figure 16.       South Africa Electric Three-wheeler Market Share, By Power Type, In Thousand Units, 2016 - 2030F

Figure 17.       South Africa Electric Three-wheeler Market Share, By Application, In USD MILLION, 2016 - 2030F

Figure 18.       South Africa Electric Three-wheeler Market Share, By Application, In Thousand Units, 2016 - 2030F

Figure 19.       Ghana Electric Three-wheeler Market, By Value, In USD MILLION, 2016 - 2030F

Figure 20.       Ghana Electric Three-wheeler Market, By Volume, In Thousand Units, 2016 - 2030F

Figure 21.       Ghana Electric Three-wheeler Market Share, By Battery Type, In USD MILLION, 2016 - 2030F

Figure 22.       Ghana Electric Three-wheeler Market Share, By Battery Type, In Thousand Units, 2016 - 2030F

Figure 23.       Ghana Electric Three-wheeler Market Share, By Power Type, In USD MILLION, 2016 - 2030F

Figure 24.       Ghana Electric Three-wheeler Market Share, By Power Type, In Thousand Units, 2016 - 2030F

Figure 25.       Ghana Electric Three-wheeler Market Share, By Application, In USD MILLION, 2016 - 2030F

Figure 26.       Ghana Electric Three-wheeler Market Share, By Application, In Thousand Units, 2016 - 2030F

Figure 27.       Mozambique Electric Three-wheeler Market, By Value, In USD MILLION, 2016 - 2030F

Figure 28.       Mozambique Electric Three-wheeler Market, By Volume, In Thousand Units, 2016 - 2030F

Figure 29.       Mozambique Electric Three-wheeler Market Share, By Battery Type, In USD MILLION, 2016 - 2030F

Figure 30.       Mozambique Electric Three-wheeler Market Share, By Battery Type, In Thousand Units, 2016 - 2030F

Figure 31.       Mozambique Electric Three-wheeler Market Share, By Power Type, In USD MILLION, 2016 - 2030F

Figure 32.       Mozambique Electric Three-wheeler Market Share, By Power Type, In Thousand Units, 2016 - 2030F

Figure 33.       Mozambique Electric Three-wheeler Market Share, By Application, In USD MILLION, 2016 - 2030F

Figure 34.       Mozambique Electric Three-wheeler Market Share, By Application, In Thousand Units, 2016 - 2030F

Figure 35.       Egypt Electric Three-wheeler Market, By Value, In USD MILLION, 2016 - 2030F

Figure 36.       Egypt Electric Three-wheeler Market, By Volume, In Thousand Units, 2016 - 2030F

Figure 37.       Egypt Electric Three-wheeler Market Share, By Battery Type, In USD MILLION, 2016 - 2030F

Figure 38.       Egypt Electric Three-wheeler Market Share, By Battery Type, In Thousand Units, 2016 - 2030F

Figure 39.       Egypt Electric Three-wheeler Market Share, By Power Type, In USD MILLION, 2016 - 2030F

Figure 40.       Egypt Electric Three-wheeler Market Share, By Power Type, In Thousand Units, 2016 - 2030F

Figure 41.       Egypt Electric Three-wheeler Market Share, By Application, In USD MILLION, 2016 - 2030F

Figure 42.       Egypt Electric Three-wheeler Market Share, By Application, In Thousand Units, 2016 - 2030F

Figure 43.       Kenya Electric Three-wheeler Market, By Value, In USD MILLION, 2016 - 2030F

Figure 44.       Kenya Electric Three-wheeler Market, By Volume, In Thousand Units, 2016 - 2030F

Figure 45.       Kenya Electric Three-wheeler Market Share, By Battery Type, In USD MILLION, 2016 - 2030F

Figure 46.       Kenya Electric Three-wheeler Market Share, By Battery Type, In Thousand Units, 2016 - 2030F

Figure 47.       Kenya Electric Three-wheeler Market Share, By Power Type, In USD MILLION, 2016 - 2030F

Figure 48.       Kenya Electric Three-wheeler Market Share, By Power Type, In Thousand Units, 2016 - 2030F

Figure 49.       Kenya Electric Three-wheeler Market Share, By Application, In USD MILLION, 2016 - 2030F

Figure 50.       Kenya Electric Three-wheeler Market Share, By Application, In Thousand Units, 2016 - 2030F

Figure 51.       Nigeria Electric Three-wheeler Market, By Value, In USD MILLION, 2016 - 2030F

Figure 52.       Nigeria Electric Three-wheeler Market, By Volume, In Thousand Units, 2016 - 2030F

Figure 53.       Nigeria Electric Three-wheeler Market Share, By Battery Type, In USD MILLION, 2016 - 2030F

Figure 54.       Nigeria Electric Three-wheeler Market Share, By Battery Type, In Thousand Units, 2016 - 2030F

Figure 55.       Nigeria Electric Three-wheeler Market Share, By Power Type, In USD MILLION, 2016 - 2030F

Figure 56.       Nigeria Electric Three-wheeler Market Share, By Power Type, In Thousand Units, 2016 - 2030F

Figure 57.       Nigeria Electric Three-wheeler Market Share, By Application, In USD MILLION, 2016 - 2030F

Figure 58.       Nigeria Electric Three-wheeler Market Share, By Application, In Thousand Units, 2016 - 2030F

Figure 59.       Morocco Electric Three-wheeler Market, By Value, In USD MILLION, 2016 - 2030F

Figure 60.       Morocco Electric Three-wheeler Market, By Volume, In Thousand Units, 2016 - 2030F

Figure 61.       Morocco Electric Three-wheeler Market Share, By Battery Type, In USD MILLION, 2016 - 2030F

Figure 62.       Morocco Electric Three-wheeler Market Share, By Battery Type, In Thousand Units, 2016 - 2030F

Figure 63.       Morocco Electric Three-wheeler Market Share, By Power Type, In USD MILLION, 2016 - 2030F

Figure 64.       Morocco Electric Three-wheeler Market Share, By Power Type, In Thousand Units, 2016 - 2030F

Figure 65.       Morocco Electric Three-wheeler Market Share, By Application, In USD MILLION, 2016 - 2030F

Figure 66.       Morocco Electric Three-wheeler Market Share, By Application, In Thousand Units, 2016 - 2030F

Figure 67.       Rest of Africa Electric Three-wheeler Market, By Value, In USD MILLION, 2016 - 2030F

Figure 68.       Rest of Africa Electric Three-wheeler Market, By Volume, In Thousand Units, 2016 - 2030F

Figure 69.       Rest of Africa Electric Three-wheeler Market Share, By Battery Type, In USD MILLION, 2016 - 2030F

Figure 70.       Rest of Africa Electric Three-wheeler Market Share, By Battery Type, In Thousand Units, 2016 - 2030F

Figure 71.       Rest of Africa Electric Three-wheeler Market Share, By Power Type, In USD MILLION, 2016 - 2030F

Figure 72.       Rest of Africa Electric Three-wheeler Market Share, By Power Type, In Thousand Units, 2016 - 2030F

Figure 73.       Rest of Africa Electric Three-wheeler Market Share, By Application, In USD MILLION, 2016 - 2030F

Figure 74.       Rest of Africa Electric Three-wheeler Market Share, By Application, In Thousand Units, 2016 - 2030F

Figure 75.       Battery Type Map-Market Size (USD MILLION Million) & Growth Rate (%), 2022

Figure 76.       Power Map-Market Size (USD MILLION Million) & Growth Rate (%), 2022

Figure 77.       Application Map-Market Size (USD MILLION Million) & Growth Rate (%), 2022

Figure 78.                   Country Map-Market Size (USD MILLION Million) & Growth Rate (%), 2022

List of Table_Africa Electric Three-Wheeler Market

                 Table 1. Pricing Analysis of Products from Key Players

                 Table 2. Competition Matrix of Top 5 Market Leaders

                 Table 3. Mergers & Acquisitions/ Joint Ventures (If Applicable)

                 Table 4. About Us - Regions and Countries Where We Have Executed Client Projects

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