The Report Global Three-Wheel Passenger Carrier Market 2017-2021 provides information on pricing, market analysis, shares, forecast, and company profiles for key industry participants. - MarketResearchReports.biz

Albany, NY -- (SBWire) -- 05/31/2017 --About Three-Wheel Passenger Carrier: Three-wheelers (3Ws) or three-wheel vehicles, as the name implies, contain one wheel at the front and two wheels at the rear end. 3Ws are mostly used for public transportation and for goods carriage for short to medium distances in regions where less public transport facilities, underdeveloped logistics operations, and low disposable incomes prevail. Developing and underdeveloped nations like India, China, other Asian countries, and some Latin American and African countries contribute the most to the global 3W market. The increase in the demand for 3Ws in these countries are owing to the cost-effective transportation they offer in areas where other options of transportations are inadequate.

Technavios analysts forecast the global Three-Wheel Passenger Carrier market to grow at a CAGR of 7.78% during the period 2017-2021.

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Covered in this report

The report covers the present scenario and the growth prospects of the global three-wheel passenger carrier market for 2017-2021. To calculate the market size, the report considers the shipments of 3W PCs.

The market is divided into the following segments based on geography:
APAC
ROW

Technavio's report, Global Three-Wheel Passenger Carrier Market 2017-2021, 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 vendors
Atul Auto
Bajaj Auto
Mahindra and Mahindra
Piaggio
Qiangsheng Electric Tricycle Factory

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Other prominent vendors
Chongqing Bajaj Auto Machinery
Scooters India
Terra Motors
TVS

Market driver
3W PC being the low-cost vehicle with lower maintenance costs
For a full, detailed list, view our report

Market challenge
Increased adoption of four-wheel SPCVs for passenger transportation
For a full, detailed list, view our report

Market trend
Customization of 3W goods carriers for day-to-day applications
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2021 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?

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