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市场调查报告书
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1442595

印度电动人力车市场评估:依类型、电池类型、电池容量、技术、所有权细分和地区划分的机会和预测(2017-2031)

India E-Rickshaw Market Assessment, By Type, By Battery Type, By Battery Capacity, By Technology, By Ownership, By Region, Opportunities and Forecast, FY2017-FY2031F

出版日期: | 出版商: Market Xcel - Markets and Data | 英文 125 Pages | 商品交期: 3-5个工作天内

价格

印度电动人力车市场规模将从2023年的13.2215亿美元成长到2031年的30.1416亿美元,预计2024-2031年期间复合年增长率为10.85%。

印度的电动人力车市场可以解决排放问题,并实现最后一哩路的连接。

由于电动人力车公司数量的增加,製造空间的扩大正在推动市场的成长。印度城市的高人口密度是推动市场成长的突出因素之一。FADA (Federation of Automobile Dealers Associations) 宣布,2022 年 2 月至 2023 年 2 月期间,电动人力车的零售额成长了 89%。零售额的快速成长是印度电动人力车市场成长的最大指标。

最大限度地减少碳排放的低成本运输正在推动市场成长:

印度作为新兴经济体,两轮和三轮电动车领域潜力巨大。电动人力车的平均成本为 1,500 美元,维护费用低且充电便宜。电动人力车正在成为 IPT(中间辅助交通)(intermediate para transit) 系统的赢家,该系统取代了传统的内燃机 (ICE)。

最后一哩连接和大规模生产推动市场扩张:

电动人力车销售成长的原因之一是它们可以覆盖上班或上学的最后一英里。在移民数量不断增加、公共交通拥挤的城市地区,电动三轮车正在成为经济实惠、无排放、最后一哩路的出行解决方案。对车辆污染的日益关注和严格的排放法规预计也将加速印度电动人力车市场的成长。

本报告调查了印度电动人力车市场,并提供了市场定义和概述、市场规模趋势和预测、各个细分市场和地区的详细分析、行业结构、影响市场成长的因素分析以及案例研究、竞争格局、概况。

目录

第一章研究方法论

第二章 专案范围与定义

第三章执行摘要

第四章 客户回馈

  • 产品和市场情报
  • 做出购买决定时会考虑的因素
  • 考虑隐私和安全法规

第五章 印度电动车市场展望

  • 市场规模/预测
  • 依类型
    • 客运
    • 货代
  • 依电池类型
    • 锂离子电池
    • 铅酸蓄电池
    • 其他
  • 依电池容量
    • 高达 3KWh
    • 3KWh 或更多
  • 依技术
    • 固定充电电池
    • 可更换电池
  • 依所有权类别
    • 个人拥有
    • 租赁或车队营运商拥有
  • 依地区
    • 北方
    • 南部
    • 西部/中部地区
  • 市占率:依公司划分,2023 年

第 6 章 市场测绘,2023 年

  • 依类型
  • 依电池类型
  • 依电池容量
  • 依技术
  • 依所有权类别
  • 依地区

第七章 宏观环境与产业结构

  • 供需分析
  • 进出口分析
  • 价值链分析
  • PESTEL 分析
  • 波特五力分析

第八章市场动态

  • 增长动力
  • 成长限制因素(课题与限制)

第九节 主要公司状况

  • 前 5 名市场领导者的竞争矩阵
  • 前 5 名市场领导者的市场收入分析
  • 併购/合资(如适用)
  • SWOT分析(5家参与企业)
  • 专利分析(如果适用)

第10章价格分析

第11章案例研究

第十二章 主要公司展望

  • Mahindra Electric Mobility Limited
  • Kinetic Green Energy & Power Solutions Ltd.
  • Terra Motors India Corp.
  • Piaggio Vehicles Pvt. Ltd
  • Lohia Auto Industries Ltd.
  • Atul Auto Limited
  • J.S. Auto Private Limited
  • Saera Electric Auto Pvt. Ltd.
  • Zuperial Auto Pvt. Ltd.
  • YC Electric Private Limited

第十三章 战略建议

第14章关于我们公司/免责声明

Product Code: MX11063

India e-rickshaw market is projected to witness a CAGR of 10.85% during the forecast period FY2024-FY2031, growing from USD 1322.15 million in FY2023 to USD 3014.16 million in FY2031. The e-rickshaw market in India has been a success story for being a solution to the emission issues along with enabled last-mile connectivity.

Expanding manufacturing spaces with an increasing count of e-rickshaw companies are fueling the market growth. The densely populated Indian cities are one of the prominent factors that fuel the market growth. The Federation of Automobile Dealers Associations (FADA) stated that the retail sales of e-rickshaws increased by 89% between February 2022 and February 2023. The spiked retail sales are the biggest indicator of the growth of the e-rickshaw market in India.

Rising fuel prices and stringent emission norms are expected to contribute to the market growth. As the market is new and transforms with frequent changes in battery technology and charging infrastructure, the research and development programs around three-wheel electric drive take an important charge of it.

India is a rapidly growing economy that holds high potential for EV growth. With the rising urbanization of metro cities and lacking last-mile connectivity, e-rickshaws have solved the problem, that too at affordable prices. The key market players try to increase the range while upgrading safety.

For instance, in August 2023, Mahindra launched its new e-Alfa Super e-rickshaw with over 95 km range. The range is powered by a 140 Ah lead-acid battery that can be charged with an 18 A charger. The company offers an 18-month warranty on the battery.

Low-cost Transportation with Minimal Carbon Emission to Fuel the Market Growth

India, as an emerging economy, holds a major potential for two and three-wheel electric vehicles. The e-rickshaw with an average cost of USD 1,500 demands lower maintenance and a cheaper charging dynamic. It enables low-cost transportation for end-users and the expanding fleets of e-rickshaws are employing cycle rickshaw drivers. E-rickshaws have emerged as the winner in intermediate para transit (IPT) systems, eliminating the conventional internal combustion engine (ICE).

The environmental benefits involve the mitigation of air and noise pollution that has enabled the mass deployment of e-rickshaws in different parts of the nation. The deployment of these rickshaws comprises a healthy proportion of self-owned drivers and fleet operators. The e-rickshaw manufacturers keep on innovating their products while partnering with advanced battery suppliers. An innovative and advanced electric rickshaw fleet involves the usage of old, recyclable, and recycled batteries.

For instance, in May 2023, Indian-German startup Nunam Technologies Pvt. Ltd., partnered with Audi GmbH to introduce electric rickshaws powered by used batteries from test vehicles in the Audi e-Tron test fleet. The second-life batteries deliver enough power for the e-rickshaws to function.

Last Mile Connectivity and Mass Manufacturing Propel the Market Expansion

One leading factor attributed to the higher sales of e-rickshaws is their capability to cover the last mile for daily commuters. In urban cities with increased migrated population and congested public transport, e-rickshaws come up as a last-mile mobility solution with affordable pricing and no emissions. Growing concerns over vehicular pollution along with stringent emission regulations are expected to accelerate the growth rate of the e-rickshaw market in India. The higher demand is served by expanding manufacturing facilities. Alongside it, the research and development spaces help e-rickshaws in adopting the latest digital technologies. The e-rickshaw manufacturing space expands and utilizes technologies like the Internet of Things, digital sensors, data analytics, 3D printing, and cloud computing. However, Indian brands are focusing on doubling the production of e-rickshaws to serve the increasing demand.

For instance, in August 2023, Udaan E-Vehicles announced that it is going to scale up its production capacity to strengthen its market hold potential in states like Uttar Pradesh and West Bengal. The company plan includes the expansion of research and development. The scaled-up production involves a shift from 100 vehicles per day to 250 vehicles per day. The company shared its plan to invest ~USD 12 million for widened manufacturing.

Government Subsidies and Regulatory Policies to Shape the Market Dynamics

Government subsidies and incentives play a major role in the expansion of the e-rickshaw market in India. India's energy transition plans include a major portion of the automotive shift from ICE propulsion to electric propulsion. The government of India has promoted multiple socio-economic benefits of e-rickshaws while supporting the transition. Policies and missions such as the National Electric Mobility Mission, Smart City Mission, and Faster Adaptation of Manufacturing of Electric Vehicles (FAME 1 and 2) have fuelled the sales of e-rickshaws in the country.

Government support to battery manufacturers and battery recycling businesses is anticipated to fuel growth. However, the rise in e-rickshaw road rule violations has pushed the government to introduce some regulations such as mandatory driving licenses and a maximum speed limit of 25 km/h. The government continues to extend its support to three-wheeler electric vehicles in the form of subsidies.

For instance, in June 2023, Pune Municipal Corporation (PMC) announced a subsidy of ~USD 300 for commercial e-rickshaw buyers. The PMC took a step under central and state government policy to promote eco-friendly e-rickshaws.

Passenger Segment leads to Higher Consumption, Rapid Urbanization, and Affordable Travel

Based on e-rickshaw type, the passenger carrier segment is expected to lead the Indian e-rickshaw market. The factors attributed to the segmental growth are the adoption of electric technology in loading carriers along with higher consumption of e-rickshaws in passenger fleets. Furthermore, the increased urbanization and costly e-hailing services are pushing the end-user to choose affordable and eco-friendly ways of transportation. The increased investment by manufacturers is expected to expand and upscale the production limit while working on the design, development, and battery mechanics. The government plans to replace cycle rickshaws with electric rickshaws to benefit cycle rickshaw drivers, propelling segmental growth.

For instance, in October 2023, Piaggio Vehicles Pvt. Ltd. introduced a new electric three-wheeler for the passenger segment named Ape E-city FX NE MAX. The vehicle delivers e-3W and claims a running cost of 0.50 paise per km while covering a range of 145 km on a single charge.

Northern India to Hold the Dominant Share

The densely populated states, such as Uttar Pradesh and Delhi, make North India the largest market in terms of e-rickshaw adoption. The factors attributed to the regional growth are a higher population and increased commercial electric three-wheeler adoption. The Vahan dashboard showcases the government's 2023 data regarding the adoption of e-rickshaws where Uttar Pradesh tops the list with 204,824 passenger e-rickshaws and 12,809 electric goods carriers.

Future Market Scenario (2024 - 2031F)

The adoption of digital technologies like IoT, AI, and machine learning in e-rickshaw manufacturing is anticipated to transform the upcoming products.

Higher adoption of e-rickshaws in urban cities with affordable mobility solutions is projected to increase e-rickshaw adoption in the country.

Increased government subsidies, incentives, and tax cuts are expected to support the e-rickshaw manufacturers in India.

Expanded manufacturing spaces along with upscaled production capacity are expected to fuel the market growth in the future as well.

Key Players Landscape and Outlook

Key players in India e-rickshaw market hold a mixture of automotive giants and new entrants. The market players compete over the range, comfort, battery life, and durability of e-rickshaws. The mergers and partnerships can be witnessed among e-rickshaw manufacturers and battery producers. Alongside, improved product design and quality are the focus while companies expand their research and development front.

For instance, in April 2023, Lohia Auto Industries Ltd. launched the Narain Electric 3-Wheeler Limited Edition with a range of 100 km per charge. The vehicle comes with maximum speed of 25 km/hr that is powered by a 1.2Kw BLDC motor and electric start along with the 3.75-12 4PR alloy wheels.

In September 2023, Kinetic Green Energy and Power Solutions Limited partnered with State Bank of India (SBI) (Chandigarh Circle) to provide financing to its end-users living in Haryana (Except NCR), Punjab, Himachal Pradesh, Chandigarh, and Jammu and Kashmir. The partnership will cover up to 90% of funding for the on-road price of an e-rickshaw from SBI.

Table of Contents

1. Research Methodology

2. Project Scope & Definitions

3. Executive Summary

4. Voice of Customer

  • 4.1. Product and Market Intelligence
  • 4.2. Factors Considered in Purchase Decisions
    • 4.2.1. Battery Capacity and Range
    • 4.2.2. Motor Power
    • 4.2.3. Durability
    • 4.2.4. Charging Infrastructure
    • 4.2.5. Warranty and After-sales Service
  • 4.3. Consideration of Privacy & Safety Regulations

5. India E-Rickshaw Market Outlook, FY2017-FY2031F

  • 5.1. Market Size & Forecast
    • 5.1.1. By Value
    • 5.1.2. By Volume
  • 5.2. By Type
    • 5.2.1. Passenger Carrier
    • 5.2.2. Load Carrier
  • 5.3. By Battery Type
    • 5.3.1. Lithium-Ion Battery
    • 5.3.2. Lead Acid Battery
    • 5.3.3. Others
  • 5.4. By Battery Capacity
    • 5.4.1. Up to 3 KWh
    • 5.4.2. More than 3 KWh
  • 5.5. By Technology
    • 5.5.1. Fixed Chargeable Battery
    • 5.5.2. Swappable Battery
  • 5.6. By Ownership
    • 5.6.1. Self-owned E-Rickshaw
    • 5.6.2. Rented or Fleet Operator Owned E-Rickshaw
  • 5.7. By Region
    • 5.7.1. North
    • 5.7.2. South
    • 5.7.3. East
    • 5.7.4. West and Central
  • 5.8. By Company Market Share (%), FY2023

6. Market Mapping, FY2023

  • 6.1. By Type
  • 6.2. By Battery Type
  • 6.3. By Battery Capacity
  • 6.4. By Technology
  • 6.5. By Ownership
  • 6.6. By Region

7. Macro Environment and Industry Structure

  • 7.1. Demand Supply Analysis
  • 7.2. Import Export Analysis
  • 7.3. Value Chain Analysis
  • 7.4. PESTEL Analysis
    • 7.4.1. Political Factors
    • 7.4.2. Economic System
    • 7.4.3. Social Implications
    • 7.4.4. Technological Advancements
    • 7.4.5. Environmental Impacts
    • 7.4.6. Legal Compliances and Regulatory Policies (Statutory Bodies Included)
  • 7.5. Porter's Five Forces Analysis
    • 7.5.1. Supplier Power
    • 7.5.2. Buyer Power
    • 7.5.3. Substitution Threat
    • 7.5.4. Threat from New Entrants
    • 7.5.5. Competitive Rivalry

8. Market Dynamics

  • 8.1. Growth Drivers
  • 8.2. Growth Inhibitors (Challenges and Restraints)

9. Key Players Landscape

  • 9.1. Competition Matrix of Top Five Market Leaders
  • 9.2. Market Revenue Analysis of Top Five Market Leaders (in %, FY2023)
  • 9.3. Mergers and Acquisitions/Joint Ventures (If Applicable)
  • 9.4. SWOT Analysis (For Five Market Players)
  • 9.5. Patent Analysis (If Applicable)

10. Pricing Analysis

11. Case Studies

12. Key Players Outlook

  • 12.1. Mahindra Electric Mobility Limited
    • 12.1.1. Company Details
    • 12.1.2. Key Management Personnel
    • 12.1.3. Products & Services
    • 12.1.4. Financials (As reported)
    • 12.1.5. Key Market Focus & Geographical Presence
    • 12.1.6. Recent Developments
  • 12.2. Kinetic Green Energy & Power Solutions Ltd.
  • 12.3. Terra Motors India Corp.
  • 12.4. Piaggio Vehicles Pvt. Ltd
  • 12.5. Lohia Auto Industries Ltd.
  • 12.6. Atul Auto Limited
  • 12.7. J.S. Auto Private Limited
  • 12.8. Saera Electric Auto Pvt. Ltd.
  • 12.9. Zuperial Auto Pvt. Ltd.
  • 12.10. YC Electric Private Limited

Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.

13. Strategic Recommendations

14. About Us & Disclaimer

List of Tables

  • 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

List of Figures

  • Figure 1. India E-Rickshaw Market, By Value, In USD Million, FY2017-FY2031F
  • Figure 2. India E-Rickshaw Market, By Volume, In Thousand Units, FY2017-FY2031F
  • Figure 3. India E-Rickshaw Market Share (%), By Type, FY2017-FY2031F
  • Figure 4. India E-Rickshaw Market Share (%), By Battery, FY2017-FY2031F
  • Figure 5. India E-Rickshaw Market Share (%), By Battery Capacity, FY2017-FY2031F
  • Figure 6. India E-Rickshaw Market Share (%), By Technology, FY2017-FY2031F
  • Figure 7. India E-Rickshaw Market Share (%), By Ownership, FY2017-FY2031F
  • Figure 8. India E-Rickshaw Market Share (%), By Region, FY2017-FY2031F
  • Figure 9. By Type Map-Market Size (USD Million) & Growth Rate (%), FY2023
  • Figure 10. By Battery Map-Market Size (USD Million) & Growth Rate (%), FY2023
  • Figure 11. By Battery Capacity Map-Market Size (USD Million) & Growth Rate (%), FY2023
  • Figure 12. By Technology Map-Market Size (USD Million) & Growth Rate (%), FY2023
  • Figure 13. By Ownership Map-Market Size (USD Million) & Growth Rate (%), FY2023
  • Figure 14. By Region Map-Market Size (USD Million) & Growth Rate (%), FY2023