|By PR Newswire||
|April 1, 2014 06:24 PM EDT||
DUBLIN, April 1, 2014 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/hx8s29/global_three) has announced the addition of the "Global Three Wheeler Market Forecast and Opportunities to 2019" report to their offering.
According to Global Three Wheeler Market Forecast & Opportunities to 2019, Global three wheeler market is projected to grow at a CAGR of 13% during 2014-19. However, with the increasing penetration of four wheeler light commercial vehicles during 2010-13, passenger carrier and load carrier three-wheelers have started to witness a stiff competition in developing countries like India, China, Indonesia, etc. Competition for three-wheelers in such countries is expected to further increase with the introduction of Quadricycles a four wheel small car. Quadricycles are expected to change the three-wheeler landscape in Asian countries like India, Indonesia, Philippines, etc. as they provide an opportunity for consumers to upgrade from three-wheelers to four-wheelers at a marginally higher cost. Quadricycle is also gaining government support as it offers more safety and less emission than an ordinary three wheeler.
Three-wheeler industry can be categorized into two segments- passenger carriers and load carriers. The segments can further be categorized according to weight of the vehicle, payload capacity (0.35T / 0.50T / 0.75T / >0.75 T), fuel consumption (petrol/diesel / compressed natural gas / liquefied petroleum gas), and engine type (front, rear, 2-stroke, 4-stroke, 150cc, 175cc, 200cc, 400cc). Three-wheelers are increasingly being accepted as an effective means of transportation, especially in developing countries of Asia, Africa and Latin America. Inadequate availability of public transportation, underdeveloped transportation system, lack of logistic infrastructure, low per capita income & increasing unemployment, etc. are some of the key factors that are increasing the adoption of three-wheelers in developing and underdeveloped countries.
The information contained in this report is based on both primary and secondary sources. Primary research included interviews with leading three wheeler manufacturers and distributors. Secondary research included an exhaustive search of relevant publications like company annual report, financial reports and proprietary databases.
Key Topics Covered:
1. Executive Summary
2. Global Three Wheeler Market Outlook
3. India Three Wheeler Market Outlook
4. China Three Wheeler Market Outlook
5. Bangladesh Three Wheeler Market Outlook
6. Indonesia Three Wheeler Market Outlook
7. Egypt Three Wheeler Market Outlook
8. Nigeria Three Wheeler Market Outlook
9. Peru Three Wheeler Market Outlook
10. Drivers and Constraints
11. Market Trends & Developments
12. Competitive Landscape
13. Strategic Recommendation
14. Research Methodology
- Atul Auto Limited
- Bajaj Auto Limited
- Mahindra & Mahindra Limited
- Piaggio & C. S.P.A
- Scooters India Limited
- TVS Motor Company Limited
For more information visit http://www.researchandmarkets.com/research/hx8s29/global_three
Media Contact: Laura Wood , +353-1-481-1716, [email protected]
SOURCE Research and Markets