Navi Mumbai, India, August 15, 2014 --(PR.com
)-- India continues to witness growing domestic three wheeler demand coupled with increasing manufacturing as well as exports. India’s three wheeler market is categorized into passenger carrier and load carrier three wheelers. Passenger carrier three wheelers are used for public conveyance, while load carrier three wheelers are used for carrying goods and materials over short and medium distances. Rising demand for cheap and convenient public conveyance in rural and semi urban areas and increasing number of permits being issued by state governments across the country are also playing a major role in driving the India three wheeler market over the forecast period. The demand for passenger carrier three wheelers exceeds that of load carrier three wheelers in domestic as well as export markets including southern Asia, Africa and Latin America.
According to “India Three Wheeler Market Forecast and Opportunities, 2019” the three wheeler market in India is forecast to grow at a CAGR of over 5% during 2014-19. During 2014-19, it is anticipated that three wheelers would witness tough competition from Electric Rickshaws, Upcoming Bajaj RE Quadricycles and light commercial vehicles (LCVs). It is anticipated that micro, small and medium scale enterprises in India would increasingly opt for four wheeler LCVs as compared to three wheelers over the next five years. However, rising demand from semi urban and rural areas is expected to keep the three wheeler demand afloat over the next five years. “India Three Wheeler Market Forecast and Opportunities, 2019’’ report elaborates following aspects of three wheeler market expansion in the India:
• India Three Wheeler Market Size & Forecast
• Segmental Analysis – Passenger Carrier & Load Carrier
• Changing Market Trends & Emerging Opportunities
• Policy & Regulatory Landscape
• Competitive Landscape & Strategic Recommendations
Why You Should Buy This Report?
• To gain an in-depth understanding of India’s three wheeler industry
• To identify the on-going trends and anticipated growth in the coming years
• To help industry consultants, three wheeler companies and other stakeholders to align their market-centric strategies
• To obtain research based business decision and add weight to presentations and marketing material
• To gain competitive knowledge of leading players
• To avail 10% customization in the report without any extra charges and get the research data or trends added in the report as per the buyer’s specific needs
The information contained in this report is based on both primary and secondary sources. Primary research included interviews with three wheeler manufactures companies. Secondary research included an exhaustive search of relevant publications like company annual reports, financial reports and proprietary databases.
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