India Electric Rickshaw Market-converted
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
India Electric Rickshaw Market Size, Trends,
Company Profiles, Growth Rate, Trends and its
Emerging Opportunities
©P&SIntelligence.Allrightsreserved
1
A number of growth factors, such as the proliferation of electric vehicles (EVs) on
Indian roads, rise in the demand for low-cost vehicles for first- and last-mile
connectivity, implementation of stringent environmental policies, and government
initiatives to promote EVs, are expected to propel the Indian electric rickshaw market at
a CAGR of 33.3% during the forecast period (2020–2025). According to P&S
Intelligence, the market generated $786.2 million revenue in 2019,which is projected to
reach $1,394.2 million by 2025.
The Indian electric rickshaw market growth is driven by the escalating demand for lowcost
vehicles for first/last-mile connectivity. Electric rickshaws rides are being seen as
an economical solution to bridge the public transport service gaps for commuters.
Therefore, the service is gaining traction among the daily commuters in the country. For
instance, the price per head per kilometer of the service is $0.14 (INR 10). Thus, these
vehicles are extensively used for first- and last-mile connectivity in Indian cities.
Request to Get the Sample Report: https://www.psmarketresearch.com/marketanalysis/india-electric-rickshaw-market/report-sample
At the state level, Delhi generated the highest demand for electric rickshaws in 2019, on
account of the existence of a vast metro commuter base and subsidy of $413 (INR
30,000) on electric rickshaws provided by the Delhi government to reduce the air
pollution level in the state. On the other hand, the market in Uttar Pradesh is projected
to witness significant Indian Electric Rickshaw Market growth during the forecast
period, owing to the rising demand for electric rickshaws in Tier-1 and Tier-2 cities, as
well as in the rural areas of the state.
Thus, the growing adoption of EVs to reduce pollution and the rising demand for lowcost
vehicles for first- and last-mile connectivity will accelerate the market growth in
the foreseeable future.
Make Enquiry Before Buying the Report: https://www.psmarketresearch.com/sendenquiry?enquiry-url=india-electric-rickshaw-market
Market size breakdown by vehicle type
Passenger car
Commercial
Market size breakdown by voltage
Low voltage
High voltage
Market size breakdown by propulsion
ICE
EV
Market size breakdown by material type
Copper
Aluminum
Market size breakdown by application
Chassis
Engine
Body
HVAC
Speed Sensors
Others
Explore Full Report Description At@ https://www.psmarketresearch.com/marketanalysis/india-electric-rickshaw-market
This study covers
• Historical and the present size of the India Electric Rickshaw Market
• Major factors driving the market and their impact during the short, medium, and long
terms
• Market restraints and their impact during the short, medium, and long terms
• Recent trends and evolving opportunities for the market participants
• Historical and the present size of the market segments and understand their
comparative future potential
• Potential of on-demand logistics services, so the market players make informed
decisions on the sales of their offerings
• Competitive scenario of various market segments across key countries in several
regions for uncovering market opportunities for the stakeholders
• Major players operating in the market and their service offerings
• Recent strategic developments by the major players in the market
About P&S Intelligence
P&S Intelligence is a provider of market research and consulting services catering to
the market information needs of burgeoning industries across the world. Providing the
plinth of market intelligence, P&S as an enterprising research and consulting company,
believes in providing thorough landscape analyses on the ever-changing market
scenario, to empower companies to make informed decisions and base their business
strategies with astuteness.
©P&SIntelligence.Allrightsreserved 3
Disclaimer:
P&S Intelligence always keeps its customers’ interests at the core while carrying out
research activities. P&S Intelligence ensures the reliability and accuracy of information
and data provided in its market research publications. However, the information in
publications is subject to fluctuations, as it is based on primary interviews of officials
from various companies or organizations. P&S Intelligence is not responsible for any
incorrect data provided by the key industry players of the concerned domain. The
information or analysis in P&S Intelligence publications represents opinions based on
research and should not be interpreted as statements of fact. Information in this report
was believed to be correct at the time of publication, but cannot be guaranteed. P&S
Intelligence does not endorse any product, service, or vendor depicted in its research
publications.
All intellectual properties, including trademarks and copyrights, belong to their
respective owners and may be protected by copyright. Under no circumstance can these
be reproduced in any form without prior written agreement of their owners.
An order for market research report is intended for internal use of the company only and
not for disclosure to third parties or any other publication in general. No service, report,
or part thereof provided by P&S Intelligence can be reproduced, republished, resold,
revealed, distributed, circulated, or sublicensed in any medium or form now realized or
hereafter become realized, including but not limited to, all forms of optical-based
media, magnetic, electronic, or digital, without a written permission from Prescient &
Strategic Intelligence Pvt. Ltd.
Kindly write to: enquiry@psmarketresearch.com
B-13, Sector – 2, Noida, U.P. – 201301, INDIA
Contact No: +91 120 4541 337
US/Canada Toll-Free: 1-888-778-7886
©P&SIntelligence.Allrightsreserved
4