Lewes, DE -- (SBWIRE) -- 01/27/2016 -- Report forecast the electric three-wheeler market in APAC to grow at a CAGR of 7.23% during the period 2016-2020.

The global automotive industry consists of two categories of vehicles based on engine type:
- Internal combustion engine (ICE)
- Electric vehicle (EV)

Conventional ICE-based three-wheelers are widely used commercial vehicles that transport goods and passengers. EVs are gaining popularity because ICE-based vehicles tend to emit carbon monoxide, oxides of nitrogen, hydrocarbons, and other particulate matters, resulting in environmental pollution. EVs, such as electric three-wheelers, are environment-friendly and a fuel-saving alternative to liquid fuel-powered three-wheelers. These are mostly preferred for short-range travel requirements.

The report covers the present scenario and the growth prospects of the electric three-wheeler market in APAC for 2016-2020. To calculate the market size, the report considers the total production by OEMs of electric three-wheelers.

Based on production, the market is segmented into the following regions:
- China
- India
- Japan

According to the report, Strong government support and financial incentives for both customers and manufacturers are boosting the popularity of EVs in the market. APAC countries, especially India, China, South Korea, Indonesia, and Bangladesh, are implementing programs to boost the sales of electric three-wheelers and other electric and hybrid vehicles.

Further, the report states that the limited battery capacity is a serious concern for end-users, as the vehicle may deplete its battery before reaching the destination.

Electric Three Wheeler Market in APAC 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the Electric Three Wheeler Market in APAC: Chongqing Bajaj Machinery, Qiangsheng Electric Tricycle Factory, Scooters India and Terra Motors

Market driver
- Subsidy schemes
- For a full, detailed list, view our report

Market challenge
- Range and performance
- For a full, detailed list, view our report

Market trend
- Improvements in battery technology
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Spanning over 45 pages and 9 Exhibit "Electric Three Wheeler Market in APAC 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market Overview, Market Landscape, Key leading countries, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.

Find more information Visit at: http://www.marketresearchreports.com/technavio/electric-three-wheeler-market-apac-2016-2020

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