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Home Business Intelligence

Electric Tuk-tuks Market Size to Reach $843.5 Million by 2031: Allied Market Research

admin@btnewshubb by admin@btnewshubb
November 11, 2022
in Business Intelligence


Allied Market Research

Surge in the prices of fuel at the international level, growth in the trend of shared mobility, rapid inclination towards electric tuk-tuks as an eco-friendly & efficient solution for commute, and rise in awareness about increasing carbon emission around the world drive the growth of the global electric tuk-tuks market. Closure of manufacturing facilities, shortage of workforce, and lack of essential raw materials during the pandemic had a negative impact on the growth of the market.

Portland, OR, Nov. 11, 2022 (GLOBE NEWSWIRE) — According to the report published by Allied Market Research, the global electric tuk-tuks market generated $461.1 million in 2021, and is projected to reach $843.5 million by 2031, growing at a CAGR of 6.2% from 2022 to 2031. The report offers a detailed analysis of the top winning strategies, evolving market trends, market size and estimations, value chain, key investment pockets, drivers & opportunities, competitive landscape and regional landscape. The report is a useful source of information for new entrants, shareholders, frontrunners and shareholders in introducing necessary strategies for the future and taking essential steps to significantly strengthen and heighten their position in the market.

Download Free Sample – https://www.alliedmarketresearch.com/request-sample/9278

Electric Tuk-tuks Industry Report Coverage & Details:

Report Coverage

Details

Forecast Period

2022­–2031

Base Year

2021

Market Size in 2021

$461.1 million

Market Size in 2031

$843.5 million

CAGR

6.2%

No. of Pages in Report

251

Segments Covered

Power type, battery type, range, price range, and region.

Drivers

Increase in the standard of living

Surge in the prices of fuel at the international level

Opportunities

Growth in the trend of shared mobility

Rapid inclination towards electric tuk-tuks as an eco-friendly & efficient solution for commute

Restrains

Lack of standardization of EV charging and the high cost of battery

COVID-19 Scenario:

  • The COVID-19 pandemic had a negative impact on the growth of the global electric tuk-tuks market, due to the presence of lockdowns as imposed by the governments of various countries across the globe.

  • Lockdowns resulted in the closure of various manufacturing facilities including those of automobiles, both electric and conventional, due to the stringent social distancing restrictions from the government during the pandemic. This adversely impacted the growth of the market.

  • In addition, shortage of workforce and lack of essential raw materials due to the prevalence of strict import and export restrictions during the pandemic further aggravated the impact on the market.

  • However, the market is expected to recoup soon with increase in awareness about environment and electric vehicles.

The report offers detailed segmentation of the global electric tuk-tuks market based on power type, battery type, range, price range, and region. The report provides a comprehensive analysis of every segment and their respective sub-segment with the help of graphical and tabular representation. This analysis can essentially help market players, investors, and new entrants in determining and devising strategies based on fastest growing segments and highest revenue generation that is mentioned in the report.

Interested to Procure the Research Report? Inquire Before Buying – https://www.alliedmarketresearch.com/purchase-enquiry/9278

Based on power type, the 1000W to 1500W segment held the dominating market share in 2021, holding more than three-fifths of the global market, and is expected to maintain its leadership status during the forecast period. The Above 1500W segment, on the other hand, is expected to cite the fastest CAGR of 11.4% during the forecast period.

Based on range, the upto 50KM segment held the dominating market share in 2021, holding more than three-fifths of the global market, and is expected to maintain its leadership status during the forecast period. The more than 50KM segment, on the other hand, is expected to cite the fastest CAGR of 7.1% during the forecast period.

Based on price range, the low to mid segment held the largest market share in 2021, holding about four-fifths of the global market, and is expected to maintain its leadership status during the forecast period. The high segment, on the other hand, is expected to cite the fastest CAGR of 7.2% during the forecast period.

Based on region, the market across Asia-Pacific region held the lion’s share in 2021, holding nearly three-fourths of the global market, and is expected to maintain its leadership status during the forecast period. The LAMEA region, on the other hand, is expected to cite the fastest CAGR of 9.3% during the forecast period.

The key players analyzed in the global electric tuk-tuks market report include Arna Electric Auto Private Limited, Bajaj Auto Ltd., E-Tuk Factory, Goenka Electric Motor Vehicles Pvt. Ltd., Green Valley Motors, Hero Electric, Jezza Motors, Kinetic Green Vehicles, KUKU Automotives, Mahindra Electric Mobility Limited, Saera Electric Auto Pvt Ltd, SN Solar Energy, Speego Vehicles Co Pvt Limited, SUPERECO, Udaan E Rickshaw, QSD, and Zuperia Auto Pvt. Ltd.

Procure The Research Report – http://bit.ly/3tkQvzt

The report analyzes these key players in the global electric tuk-tuks market. These market players have made effective use of strategies such as joint ventures, collaborations, expansion, new product launches, partnerships, and others to maximize their foothold and prowess in the industry. The report is helpful in analyzing recent developments, product portfolio, business performance and operating segments by prominent players in the market.

Similar Reports We Have on EV Industry:

Electric Loader Rickshaw Market Research Report 2022-2030

Electric Cargo Bike Market Research Report 2022-2030

Electric Three-Wheeler Market Research Report 2022-2030

Three-Wheeler Market Research Report 2022-2030

Light Commercial Vehicle (LCV) Market Research Report 2022-2030

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com/reports-store/automotive-and-transportation
Follow Our Blog: www.theinnovativereport.com



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