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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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.
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 |
By Battery Type By Power Type By Application |
|
Regions Covered |
South Africa Ghana Mozambique Egypt Kenya Nigeria Morocco 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) |
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
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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
Frequently Asked Questions
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