DUBLIN--(BUSINESS WIRE)--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.
- Atul Auto
- Mahindra and Mahindra
- Scooters India
- Qiangsheng Electric Tricycle Factory
Other prominent vendors
- Bajaj Auto
- CHONGQING BAJAJ MACHINERY
- Terra Motors
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