The Electric Rickshaw Battery market is expected to grow from USD 1.7 billion in 2022 to USD 12.5 Billion by 2032, at a CAGR of 22.10% during the forecast period 2023-2032.
Electric rickshaws propelled by e-rickshaw batteries, also known as electric tuk-tuks or e-rickshaws, have become more famous since 2008. The Modi Government 2016 founded an ambitious scheme to distribute 5,100 battery-operated electric rickshaws to provide employment to people experiencing poverty and to encourage a cleaner environment. These vehicles are 3-wheelers pulled by an electric motor ranging from 650-1400 watts. They are primarily manufactured in India and China.
The driving factors of the market growth are the with the increasing need for eco-friendly and energy-efficient vehicles globally, the global market for electric Rickshaw Batteries is expected to grow immensely. Similarly, the source of high-performance electric vehicles and technological advancements have allowed travellers to enjoy both a car and a motorcycle ride simultaneously.
This study delivers a comprehensive analysis of battery type, vehicle type, and region. The battery type segment includes lithium-ion, and lead–acid. The lithium-ion segment holds the largest market share in 2022 due to they are available in typical industry sizes, are 50–60% lighter, and have a 25–50% bigger capacity. They also showcase a low self-discharge rate, allowing them to maintain their charge for longer. The vehicle type segment includes passenger carrier, and load carrier. The passenger carrier segment holds the largest market share in 2022 due to commuters prefer this mode of transportation as it is less costly. Similarly, a significant passenger base across the top countries and the high need for public transit for last-mile connections are some factors which pushes the segments growth.
The market has been divided into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. Asia-Pacific holds the largest market share due to India and the ASEAN countries, including Thailand, the Philippines, and Vietnam. Regardless, India has a significant market share due to growing e-rickshaw manufacturing to fulfil demand. China and the ASEAN countries follow India with the second and third-largest market shares for e-rickshaws, respectively, in production and sales.
Some of the notable players in the market are Amara Raja Batteries Ltd, Eastman Auto & Power Ltd, Exide Industries Ltd, Grand Batteries Pvt. Ltd, Okaya Power Pvt. Ltd, and TATA AutoComp GY Batteries Pvt. Ltd.
Report Description:
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis by Battery Type
4.3.2. Market Attractiveness Analysis by Vehicle Type
4.3.3. Market Attractiveness Analysis by Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.2.1. Rising demand for a convenient, eco-friendly mode of transportation.
5.3. Restraints
5.3.1. Stringent Rules and Regulations of Government
5.4. Opportunities
5.4.1. Advancements in battery technology
6. Global Electric Rickshaw Battery Market Analysis and Forecast, By Battery Type:
6.1. Segment Overview
6.2. Lithium-Ion
6.3. Lead–Acid
7. Global Electric Rickshaw Battery Market Analysis and Forecast, By Vehicle Type
7.1. Segment Overview
7.2. Passenger Carrier
7.3. Load Carrier
8. Global Electric Rickshaw Battery Market Analysis and Forecast, By Regional Analysis
8.1. Segment Overview
8.2. North America
8.2.1. U.S.
8.2.2. Canada
8.2.3. Mexico
8.3. Europe
8.3.1. Germany
8.3.2. France
8.3.3. U.K.
8.3.4. Italy
8.3.5. Spain
8.4. Asia-Pacific
8.4.1. Japan
8.4.2. China
8.4.3. India
8.5. South America
8.5.1. Brazil
8.6. Middle East and Africa
8.6.1. UAE
8.6.2. South Africa
9. Global Electric Rickshaw Battery Market-Competitive Landscape
9.1. Overview
9.2. Market Share of Key Players in the Electric Rickshaw Battery Market
9.2.1. Global Company Market Share
9.2.2. North America Company Market Share
9.2.3. Europe Company Market Share
9.2.4. APAC Company Market Share
9.3. Competitive Situations and Trends
9.3.1. Product Launches and Developments
9.3.2. Partnerships, Collaborations, and Agreements
9.3.3. Mergers & Acquisitions
9.3.4. Expansions
10. Company Profiles
10.1. Amara Raja Batteries Ltd.
10.1.1. Business Overview
10.1.2. Company Snapshot
10.1.3. Company Market Share Analysis
10.1.4. Company Product Portfolio
10.1.5. Recent Developments
10.1.6. SWOT Analysis
10.2. Eastman Auto & Power Ltd.
10.2.1. Business Overview
10.2.2. Company Snapshot
10.2.3. Company Market Share Analysis
10.2.4. Company Product Portfolio
10.2.5. Recent Developments
10.2.6. SWOT Analysis
10.3. Exide Industries Ltd.
10.3.1. Business Overview
10.3.2. Company Snapshot
10.3.3. Company Market Share Analysis
10.3.4. Company Product Portfolio
10.3.5. Recent Developments
10.3.6. SWOT Analysis
10.4. Grand Batteries Pvt. Ltd
10.4.1. Business Overview
10.4.2. Company Snapshot
10.4.3. Company Market Share Analysis
10.4.4. Company Product Portfolio
10.4.5. Recent Developments
10.4.6. SWOT Analysis
10.5. Okaya Power Pvt. Ltd.
10.5.1. Business Overview
10.5.2. Company Snapshot
10.5.3. Company Market Share Analysis
10.5.4. Company Product Portfolio
10.5.5. Recent Developments
10.5.6. SWOT Analysis
10.6. TATA AutoComp GY Batteries Pvt. Ltd.
10.6.1. Business Overview
10.6.2. Company Snapshot
10.6.3. Company Market Share Analysis
10.6.4. Company Product Portfolio
10.6.5. Recent Developments
10.6.6. SWOT Analysis
List of Table
1. Global Electric Rickshaw Battery Market, By Battery Type, 2019-2032 (USD Billion)
2. Global Lithium-Ion Electric Rickshaw Battery Market, By Region, 2019-2032 (USD Billion)
3. Global Lead–Acid Electric Rickshaw Battery Market, By Region, 2019-2032 (USD Billion)
4. Global Electric Rickshaw Battery Market, By Vehicle Type, 2019-2032 (USD Billion)
5. Global Passenger Carrier Electric Rickshaw Battery Market, By Region, 2019-2032 (USD Billion)
6. Global Load Carrier Electric Rickshaw Battery Market, By Region, 2019-2032 (USD Billion)
7. North America Electric Rickshaw Battery Market, By Battery Type, 2019-2032 (USD Billion)
8. North America Electric Rickshaw Battery Market, By Vehicle Type, 2019-2032 (USD Billion)
9. U.S. Electric Rickshaw Battery Market, By Battery Type, 2019-2032 (USD Billion)
10. U.S. Electric Rickshaw Battery Market, By Vehicle Type, 2019-2032 (USD Billion)
11. Canada Electric Rickshaw Battery Market, By Battery Type, 2019-2032 (USD Billion)
12. Canada Electric Rickshaw Battery Market, By Vehicle Type, 2019-2032 (USD Billion)
13. Mexico Electric Rickshaw Battery Market, By Battery Type, 2019-2032 (USD Billion)
14. Mexico Electric Rickshaw Battery Market, By Vehicle Type, 2019-2032 (USD Billion)
15. Europe Electric Rickshaw Battery Market, By Battery Type, 2019-2032 (USD Billion)
16. Europe Electric Rickshaw Battery Market, By Vehicle Type, 2019-2032 (USD Billion)
17. Germany Electric Rickshaw Battery Market, By Battery Type, 2019-2032 (USD Billion)
18. Germany Electric Rickshaw Battery Market, By Vehicle Type, 2019-2032 (USD Billion)
19. France Electric Rickshaw Battery Market, By Battery Type 2019-2032 (USD Billion)
20. France Electric Rickshaw Battery Market, By Vehicle Type, 2019-2032 (USD Billion)
21. U.K. Electric Rickshaw Battery Market, By Battery Type, 2019-2032 (USD Billion)
22. U.K. Electric Rickshaw Battery Market, By Vehicle Type, 2019-2032 (USD Billion)
23. Italy Electric Rickshaw Battery Market, By Battery Type, 2019-2032 (USD Billion)
24. Italy Electric Rickshaw Battery Market, By Vehicle Type, 2019-2032 (USD Billion)
25. Spain Electric Rickshaw Battery Market, By Battery Type, 2019-2032 (USD Billion)
26. Spain Electric Rickshaw Battery Market, By Vehicle Type, 2019-2032 (USD Billion)
27. Asia Pacific Electric Rickshaw Battery Market, By Battery Type, 2019-2032 (USD Billion)
28. Asia Pacific Electric Rickshaw Battery Market, By Vehicle Type, 2019-2032 (USD Billion)
29. Japan Electric Rickshaw Battery Market, By Battery Type, 2019-2032 (USD Billion)
30. Japan Electric Rickshaw Battery Market, By Vehicle Type, 2019-2032 (USD Billion)
31. China Electric Rickshaw Battery Market, By Battery Type 2019-2032 (USD Billion)
32. China Electric Rickshaw Battery Market, By Vehicle Type, 2019-2032 (USD Billion)
33. India Electric Rickshaw Battery Market, By Battery Type 2019-2032 (USD Billion)
34. India Electric Rickshaw Battery Market, By Vehicle Type, 2019-2032 (USD Billion)
35. South America Electric Rickshaw Battery Market, By Battery Type, 2019-2032 (USD Billion)
36. South America Electric Rickshaw Battery Market, By Vehicle Type, 2019-2032 (USD Billion)
37. Brazil Electric Rickshaw Battery Market, By Battery Type 2019-2032 (USD Billion)
38. Brazil Electric Rickshaw Battery Market, By Vehicle Type, 2019-2032 (USD Billion)
39. Middle East and Africa Electric Rickshaw Battery Market, By Battery Type, 2019-2032 (USD Billion)
40. Middle East and Africa Electric Rickshaw Battery Market, By Vehicle Type, 2019-2032 (USD Billion)
41. UAE Electric Rickshaw Battery Market, By Battery Type, 2019-2032 (USD Billion)
42. UAE Electric Rickshaw Battery Market, By Vehicle Type, 2019-2032 (USD Billion)
43. South Africa Electric Rickshaw Battery Market, By Battery Type 2019-2032 (USD Billion)
44. South Africa Electric Rickshaw Battery Market, By Vehicle Type, 2019-2032 (USD Billion)
List of Figures
1. Global Electric Rickshaw Battery Market Segmentation
2. Electric Rickshaw Battery Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Electric Rickshaw Battery Market Attractiveness Analysis by Battery Type
9. Global Electric Rickshaw Battery Market Attractiveness Analysis by Vehicle Type
10. Global Electric Rickshaw Battery Market Attractiveness Analysis by Region
11. Global Electric Rickshaw Battery Market: Dynamics
12. Global Electric Rickshaw Battery Market Share by Battery Type (2022 & 2032)
13. Global Electric Rickshaw Battery Market Share by Vehicle Type (2022 & 2032)
14. Global Electric Rickshaw Battery Market Share by Regions (2022 & 2032)
15. Global Electric Rickshaw Battery Market Share by Company (2022)
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