Title: India Three Wheeler Market Research Report Sample by Goldstein Research
1India Three Wheelers Market Outlook
India Three Wheelers Market Outlook 2024
Opportunity Growth Analysis, 2016-2024
Request Full Market Report Sample
Report Code AM 1335
1-646-568-7747
1-437-886-1181
44-203-318-6627
91-120-473-0422, 91-991-071-6331
sales_at_goldsteinresearch.com
Published By Goldstein Research
Copyright All Rights Reserved, Goldstein
Research
www.goldsteinresearch.com
Copyright All Rights Reserved, Goldstein
Research
www.goldsteinresearch.com
2India Three Wheelers Market Outlook
India Three Wheelers Market Share(), By
Region-2016-2024
India Three Wheelers Market Size USD (Billion).
2016-2024
Request Full Market Report Sample
Sample
Source Goldstein Research
Source Goldstein Research
In 2016, Passenger Three Wheelers accounted for
the highest market share XX in Global
Automotive Turbochargers Market
With XX share in 2016, Tier-II Cities dominated
the India three wheelers market
India Three Wheelers Market Share (), By Major
Players -2016
India Three Wheelers Market Share (), By Fuel
Type -2016
India Three Wheelers Market Share(), By Vehicle
Type-2016
Source Goldstein Research
Source Goldstein Research
Copyright All Rights Reserved, Goldstein
Research
www.goldsteinresearch.com
3India Three Wheelers Market Outlook
- The export market for three-wheelers mirrored the
domestic market scenario. Overseas shipments fell
by a substantial XX to XXX,000 units as compared
to XXX thousand units in FY2016. The passenger
carrier segment registered a fall of XX while
growth in the goods carrier segment was flat.
Bajaj Auto remains the largest export player with
a XX share of total export, followed by TVS
Motor with XX and Piaggio with a XX share. - Over the past few years, manufacturers like Tata
Motors and Mahindra Mahindra have been
expanding the mini truck segment to every load
and price point. This is taking a toll on the
three- wheeler segment which is seeing transport
operators preferring to buy a four-wheeler which
offers better operating economics and also social
status in the Indian context - Overall three-wheeler sales in FY2016-17 fell
XX to XXX thousand units (2015-16 XXX,000).
While sales of passenger carriers, the biggest
segment in the three-wheeler segment, declined
XX to XXX,000 units (2015-16 XXX,000), the
goods carrier segment registered XX growth with
sale of XXX,000 units (2015-16 XX,000). - Three wheelers are an integral part of the
countrys automobile sector as they are one of
the most preferred means of transportation in
rural as well as urban India. India is positioned
as the largest manufacturer as well as market for
three wheelers globally with industry volumes of
around XXX,000 units in 2015-16. - Moreover, three wheeler manufacturers in India
are growing interest in exploring the rural
markets, which further aided the three wheelers
market growth in India. In 2018, it is expected
that three wheelers market is anticipated to
witness gradual pickup in demand as the effect of
demonetization and GST begins to moderate.
Growing Sales in Rural Regions
Request Full Market Report Sample
Sample
Stringent Emission Norms
Fuel Efficiency
India Three Wheelers Sales (Million Units)
Domestic Sales
Export
XX Thousand Units
2016
XX Thousand Units
Technological Advancement
2024
XX Thousand Units
XX Thousand Units
Copyright All Rights Reserved, Goldstein
Research
www.goldsteinresearch.com
Copyright All Rights Reserved, Goldstein
Research
www.goldsteinresearch.com
4Research Methodology
Goldstein Research follows a comprehensive and
rigorous research methodology to provide you
accurate estimates and forecast of a particular
market. We provide estimates, forecast and
analysis primarily based on secondary research,
primary interviews, in-house database and other
free as well paid sources. Our company follows
simultaneous top down and bottom approach in
order to provide you the accurate market sizing.
Data triangulation method is strictly followed
where we triangulate the data from all the
aspects, be it Function Type, application,
industry verticals, material, product type or
geography. In addition, the research methodology
we follow is a systematic approach in order to
estimate and project the market sizing keeping in
mind all the on-going and upcoming trends of the
market. We conduct both primary and secondary
research in order to estimate a market and
validate our key findings. We put together our
effort and prepare an inclusive questionnaire
depending on the title of the market we are
tracking and extract the important information we
require to validate our findings. Our team of
Analysts and experts dedicatedly put their effort
to provide you the best possible and accurate
data and analysis. Adding to that technological,
economic, cultural and social aspects along with
the regulatory barriers are completely analysed
to understand the comprehensive market scenario
across different geographies. Understanding the
market from both buyer and seller point of view
is important to track a market and provide
analysis on the same. We not only provide the
market data of the four geographies as a whole,
namely, North America, Europe, Asia-Pacific,
Latin America, Middle East Africa and Rest of
the World (RoW) but we also provide you
qualitative as well we qualitative information on
country level bifurcation. We at Goldstein
Research provide you Precise Estimates and
Forecast Authentic Analysis In-depth Data and
Analysis Authentic Sources Reliable Data
and Analysis
Request Full Market Report Sample
Sample
Research Methodology
Copyright All Rights Reserved, Goldstein
Research
www.goldsteinresearch.com
5India Three Wheelers Market Outlook 2016-2024
Fig 11 Three-wheelers Production, Sales and
Exports (Thousand Units) 2014-2017
Fig 10 Regional Three Wheelers Registrations
(thousands of units), 201-2016
Request Full Market Report Sample
Sample
Source Goldstein Research
- Production declined marginally by 1.6 in 2015-16
and reached 933,950 units on back of lower demand
from key exports market. Exports increased only
by 5 y-o-y after increasing by over 20 in the
previous year. In 2016-17 (Apr-Jan), overall
sales declined by about 15.9 led by a sharp dip
in exports during the period. Exports declined by
34 during the period on back of combination of
factors such as regulatory moves by countries
like Sri Lanka (hike in import duty) and
Bangladesh (as per new regulation three-wheelers
not allowed to operate on highways), currency
fluctuation and reduction in export incentives.
Also, in the domestic market, demand for
three-wheeler goods carriers remains under
pressure due to competition from Small Commercial
Vehicles (SCVs).
- Three wheelers are an integral part of the
countrys automobile sector as they are one of
the most preferred means of transportation in
rural as well as urban India. India is positioned
as the largest manufacturer as well as market for
three wheelers globally with industry volumes of
around 943,533 units in 2015-16. - Sri Lanka, Bangladesh (within South Asia)
followed by Middle East and Africa account for
around 90 of exports from India as per the
industry estimates. However, Indian OEMs have
also started exploring relatively developed
markets in the ASEAN and Latin American region
over the past few years. Bajaj Auto accounts for
the largest share of 70 in the exports of
three-wheelers from India followed by TVS Motors
which account for about 24.
Copyright All Rights Reserved, Goldstein
Research
www.goldsteinresearch.com
6Major Players Market Analysis
Major Players/ Industries Production Capacity (Thousand Units) Domestic Sales (Thousand Units) Export (Thousand Units) Total (Thousand Units) Revenue (USD Million)
Bajaj Auto XX XX XX XX XX
Piaggio Vehicles XX XX XX XX XX
Mahindra Mahindra XX XX XX XX XX
Atul Auto XX XX XX XX XX
Scooters India XX XX XX XX XX
TVS Motor XX XX XX XX XX
Request Full Market Report Sample
Sample
Sample
Copyright All Rights Reserved, Goldstein
Research
www.goldsteinresearch.com
7Fig 13 India Three Wheelers Market Size (USD
Billion)-2016-2024
Request Full Market Report Sample
Sample
Source Goldstein Research
- India Three Wheelers Market is anticipated to
expand at a compound annual growth rate of XX
during the forecast period i.e. 2016-2024. The
market is anticipated to reach USD XX Billion by
the end of 2024. Further, three wheelers sales
increased from XXX thousand units in 2015 to XXX
thousand units in 2016, which is likely to reach
XXX million units by 2024. - Growth in the market is led by the growing need
to curb the air pollution levels and the rising
incentive schemes by the government to support
manufacturing as well as use of electric
three-wheelers. Moreover, consistently increasing
affordability of electric three-wheelers is also
boosting their adoption across the country. - one of the major trend that driving the growth
of three wheelers market is the up-gradation of
three wheelers. Three wheeler passenger carriers
are expected to benefit from product
up-gradations such as 2-stroke to 4-stroke and
petrol/diesel to CNG as well as from the fresh
permit opening by different state governments.
Further, major driver in Indian three wheelers
market is the rising population and growing need
for affordable and convenient transportation in
Tier-II and Tier-III is fuelling the market for
passenger and goods carrier three wheelers in
India.
8Fig 13 Growth Drivers
Fig 14 Growth Barriers
Request Full Market Report Sample
Sample
Sample
General Trend
Moderately Complex
Highly Complex
Waived
Rural Sales
9- Technological Advancements
- India should push two-wheelers and three-wheelers
among electric vehicles and encourage use of
natural gas for cars since promoting electric
cars can be very expensive - Electrification of two- or three-wheeler vehicles
is something that can be done very cheaply,
easily. Its where technology and battery swaps
could happen and thats a very significant part
of oil demand. - he challenges associated with very rapid growth
of electric cars is very significant. The total
subsidy on an electric car in China is USD
20-25,000 while fitting a car with compressed
natural gas (CNG) kit costs as low as USD
300-400.
- Growing Demand in Domestic and Foreign Rural
Areas - Rapid growth of three wheelers market has been
supported primarily by two factors strong
demand from international markets on the back of
rising demand for last-mile connectivity (owing
to lack of a well-developed public transport
system) in the emerging markets in Africa and
South-East Asia, and the declining trend in
demand for 3W goods carriers in the domestic
market due to competition from Small Commercial
Vehicles (SCVs). - Accordingly, the growth drivers of the domestic
3W industry are majorly influenced by factors
that drive demand for passenger 3Ws. Over the
past decade (i.e. FY 2006-15), the passenger
carrier segment has witnessed a CAGR of XX
driven by increasing demand for last-mile
connectivity in metros and major cities
improving penetration in T-3 and 4 towns and
rural areas, gradually increasing availability of
funding through organized channels. - In urban markets, replacement demand has also
been an important growth driver where an
improving network of CNG fuel stations is driving
replacement of older petrol or diesel-powered 3Ws
with ones based on CNG.
Request Full Market Report Sample
Sample
Fig 17 Total Sales of Three Wheelers (Thousand
Units)-2005-2016
- Impact Analysis-
- three-wheeler passenger carrier production has
grown incessantly to meet the demand for such
vehicles in tier-II and tier-III cities. Many
players are planning to introduce new vehicles
with more advanced features under this segment.
It is anticipated that the three-wheeler
passenger carriers sales will increase at a CAGR
of over 5.2 during 2014-15.
10- Declining Export Volumes
- India's automobile exports across categories fell
XX per cent in 2016 dragged down by lower sales
of two and three-wheelers in various markets,
including Latin America and Africa. According to
latest data by Society of Indian Automobile
Manufactures (SIAM), overall exports during the
last year stood at XXX thousand units as compared
XXX thousand units in 2015, down XX per cent. - Two-wheeler and three-wheeler exports pulled down
the overall exports during the last year even as
overseas shipments in segments like passenger
vehicles and commercial vehicles grew in double
digits. Major markets in Latin America and Africa
continued to reel under high inflation and
currency devaluation thereby impacting demand for
vehicles exported from India. - Overseas shipments fell by a substantial XX to
XXX thousand units as compared to XXX thousand
units in FY2016. The passenger carrier segment
registered a fall of XX while growth in the
goods carrier segment was flat. Bajaj Auto
remains the largest export player with a XX
share of total export, followed by TVS Motor with
XX and Piaggio with a XX share. - All three-wheeler manufacturers saw a sizeable
drop in both their domestic and export sales, a
trend which is attributed to three-wheelers being
replaced by aggressively priced, small
four-wheeled mini-trucks.
Request Full Market Report Sample
Sample
Fig 17 Margins of Two-Wheeler Three-Wheeler
players, (2010-016)
- Impact Analysis-
- While overall automotive sales for 2016-17
remained positive as a result of the uptick in
demand for passenger vehicles, commercial
vehicles and two-wheelers in the domestic market,
one segment that took a hit was three-wheelers. - Dramatic cost reductions over the last few years
have significantly reduced all plug-in vehicle
production costs and resulted in growing market
for battery electric vehicles, which is likely to
throttle the growth of conventional turbochargers
market growth.
Fig 17 Emission Share by Transportation Mode
for India (2000-2030)
Impact on India Three Wheelers Market
Carbon Monoxide (Tg)
11India Plans To Buy Electric Buses, Three-Wheelers
In Clean Transport Push
- Need for Economically Viable Transportation
System - The high growth achieved by the Indian economy
has resulted in the growth of the manufacturing
sector, which in turn has generated demand for
vehicles for transporting goods and commodities
across the country. India is moving towards a hub
and spoke transportation model in which MHCVs
are used for inter-city (hubs) transportation and
the three-wheelers fulfill the need for last mile
connectivity in goods transport. - Government Regulations
- Demand for new vehicles in the future will be
driven by the age limit enforcement on usage of
three wheelers in large cities. Government
regulations and incentives in the form of
subsidies on usage of cleaner fuels like CNG and
LPG will force a shift to new vehicles. This
trend is already visible in cities like Delhi and
Ahmedabad. Relaxation of ceilings on new vehicle
registrations in cities like Bangalore, Mumbai,
Delhi and Hyderabad will also generate demand for
three wheelers. - Exports of Three Wheeler Vehicles from India
- The highest growth in automotive exports has been
recorded by the three wheelers segment. Bajaj
Auto is the largest exporter of three wheelers
with a share of XX per cent in 2016-17. Passenger
versions of three wheelers accounted for XX per
cent of the exports by Bajaj Auto, a fact that
indicates the need for low cost public
transportation in the other developing countries.
The government plans to launch an electric
vehicle procurement scheme to push cleaner
transport in the country. The government plans
to buy 10,000 electric buses over the next 15
months, and 50,000 three-wheelers. Stocks of
electric vehicle makers jumped following
announcement. Electric three-wheeler maker OK
Play India Ltd. rose as much as 17 percent, while
electric bus manufacturer JBM Auto Ltd. gained
6.7 percent. JSW Energy Ltd., which plans to
launch its first electric car by 2020, jumped 10
percent. Battery maker Exide Industries Ltd.
jumped 6 percent.
Request Full Market Report Sample
Sample
Our report, India Three Wheelers Market,
observed that the three-wheeler passenger carrier
production has grown incessantly to meet the
demand for such vehicles in tier-II and tier-III
cities. Many players are planning to introduce
new vehicles with more advanced features under
this segment. It is anticipated that the
three-wheeler passenger carriers sales will
increase at a CAGR of over XX during 2016-24.
12India Three Wheelers Manufacturers Outlook
Major Competitors Analysis
In the environment of massive competition,
stiffening norms and policies, diversion of
customers towards the four wheelers, Bajaj need
to be proactively involved in attracting the
prospective customers and improving the customer
satisfaction level. Retaining the market share is
possible with the support, cooperation and
effective backing of Dealers and Sub dealers.
This research analyses the present system of
sales and service, customer expectation form the
company, competitors products and possible ways
to improve the market share.
Request Full Market Report Sample
Piaggio Vehicles Private Limited (PVPL) in India
is a 100 subsidiary of Piaggio C. Spa of
Italy, a world major in two, three and four
wheeled motorized vehicles. Piaggio has about 33
of the share in Indian three-wheeler market. The
company claims it is currently the market leader
in the state-of-the-art three-wheeler diesel
category in India, with a market share of 55.
MM entered automotive manufacturing in 1947 to
bring the iconic Willys Jeep onto Indian roads.
They have grown into a US USD XX billion
multinational group with more than 1,44,000
employees in over 100 countries across the globe.
MM says it is the only three-wheeler with 24
months warranty. MM has about 8 of the market
share in the diesel segment of passenger vehicles.
TVS Motor Company is the third largest
two-wheeler manufacturer in India and one among
the top ten in the world, with annual turnover of
more than USD 1 billion in 2007-2008. TVS has
about 10 share in the three-wheeler market, and
its growing rapidly.
Bajaj Auto, the largest player in the
three-wheeler industry with a dominating presence
in the passenger carrier segment, posted flat
sales. Its India market sales were a total of
253,147 units, down 0.72. Its exports though
took a bigger hit down 31.70 with total
shipments of 191,236 units.
Market share in Out-City Region
INFERENCE From the data it is inferred that the
Piaggio is the market leader in out-city region
and the Bajaj being the second in the market is
the market challenger. So Bajaj and other players
should adopt the Challengers strategy for its
sales in the out city market.
FACTS The out city market is dominated by the
diesel variant of the Auto rickshaw with, XX of
Diesel rickshaw. The market is dominated by the
Piaggio with XX of the share, followed by Bajaj
having around 32.8
Financial Aid
INFERENCE From analysis it is evident that
nearly 90 of the customers are in need of
financial assistance If Bajaj can tie up with
Banks and Co-operative societies it will be
very beneficial for the customers as well as it
will help to increase the sales of theBajaj,
three wheeler vehicles
FACTS XX of the customers obtained financial
assistance from the Recognized Banks XX of the
customers got the assistance from Co-operative
societies
13Piaggio (Company Overview Business Strategy)
Founded 1926
Website www.PiaPiaggio.com
Employees 51,458
Headquarters Japan
Request Full Market Report Sample
Key Products
Internal Combustion Lift truck
Reach Truck
Low Lift Truck
Warehouse Logistics
Simple AGV (Automated Guided Vehicles)
Automated storage and retrieval system
Company Overview
- Piaggio Motor Corporation is a Japanese
automotive and material handling equipment
manufacturer headquartered in Piaggio, Aichi,
Japan. - The Company is traded on the New York Stock
Exchange (NYSE) - Piaggio was the largest automobile manufacturer
in 2012 (by production) ahead of the Volkswagen
Group and General Motors. - The Industrial Vehicle segment provides forklift
trucks, warehouse equipment, automatic warehouse,
vehicles for high-place work. - Lift trucks, which capture the top global market
share, are delivered to customers around the
world under the Piaggio, BT, RAYMOND and CESAB
brands.
Sample
Business Strategy
Improves quality control structure and
globalization The company has adopted various
methods to enhance their manufacturing structure
which helps the company to improve the quality of
their automobile products. Moreover, the company
is looking forward towards expansion of
globalization. Piaggio Motors adopted Piaggio
Global Vision in 2011 to improve the quantitative
expansion across the globe. The company is
investing a huge amount for research and
development activities to introduce the future of
material handling equipment such as hydrogen
powered forklifts and automated guided vehicles.
The company spend USD 588.11 Million in 2016 for
research and development of their products and
services. Piaggio motors is one of the largest
automobile and material handling equipment
manufacturer across the globe and expected to
lead other global companies in near future.
14 About Us Based in U.S., Goldstein Research is
a young business consulting and market research
firm with vast reach across America, Asia and
parts of Europe and the Middle East. In the next
five years, we strive to expand our reach to 50
nations spanning across Europe, Asia and parts of
the Middle East and Africa. We strive to realize
a strong brand presence globally through our
quality research and forecasting solutions. With
30 domain experts and 50 employees working day
and night to crunch numbers and bring out the
best and detailed market reports and forecasts,
we strive to enable you to foresee upcoming
market challenges and develop a robust business
model and strategies, which would add to your
profitability and market visibility as a
brand. Our mission is simple to develop
insightful business solutions, help our clients
make powerful future decisions to keep them well
ahead of the game which is the market, and leave
a mark across businesses and communities through
our well-defined ideas and clear cut forecasts.
Our mission is simple to develop insightful
business solutions, help our clients make
powerful future decisions to keep them well ahead
of the game which is the market, and leave a mark
across businesses and communities through our
well-defined ideas and clear cut forecasts.
Request Full Market Report Sample
Copyright All Rights Reserved, Goldstein
Research
www.goldsteinresearch.com
15Contact Us For Research Sales Related Queries
Request Full Market Report Sample
Corporate Office
99 Wall Street, Suite No- 527, New York, NY
10005 United States of America
Office No- 504, 5th Floor, C-51, BSI Business
Park, Sector-62, Noida, PIN- 201301 India
www.goldsteinresearch.com
Copyright All Rights Reserved, Goldstein
Research
www.goldsteinresearch.com
16Request Full Market Report Sample
Thank you