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India Three Wheeler Market Forecast and Opportunities, 2017

India three wheeler market: $3.4 billion industry by 2017


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2014-02-26 05:17:03 - India Three Wheeler Market Forecast and Opportunities, 2017 - a new market research report on companiesandmarkets.com

The India three wheeler market is forecast to grow to a value of around $3.41 billion by the end of 2017. Rising population, growing commercialization, increasing disposable incomes and rising demand for transportation are fuelling the demand for three wheelers in the country

India´s Automobile sector has grown rapidly as a result of rising population continually contributing to the demand for transportation. The market for three wheelers, both passenger and commercial hold bright prospects in terms of sales and production. The demand for three wheelers witnessed significant rise when Piaggio introduced its three wheelers. India is the world´s largest three wheeler market, accounting for a share of over 40% in the global market. In India, three wheelers are one of the

 

 

most preferred means of intra city transportation. Over the past few years, the market for three wheelers used as loading carriers has also increased remarkably as a result of rising industrialization, growth of commercial establishments contributing to the need for additional carriage.

India is the leading producer, consumer and exporter of three wheelers. Majority of the market was previously concentrated in major metropolitan regions but now the market has grown extensively across all major Tier I cities in the country.

The market for three wheelers is continuously increasing with the rising need for convenient and cheap transportation. Delhi, Mumbai and Bangalore are the largest markets for three wheelers. The consumer demographic and massive commercialization are considered the major driving factors for this industry which are likely to drive the market over the coming years.

Report Scope

This report discusses the following aspects related to three wheelers market in India:

• India Three Wheeler Market Size & Market Share & Forecast
• Segmental Share Analysis
• Policy & Regulatory Landscape
• Market Trends and Developments
• Competitive Landscape & Strategic Recommendations

Why You Should Buy This Report

• To gain in-depth understanding of three wheelers market in India
• To identify the on-going trends and anticipated growth in the coming years in India
• To help market consultants, three wheeler manufacturers and dealers to align their market-centric strategies
• To obtain research based business decision and add weight to presentations and marketing materials
• To gain competitive knowledge of leading players
• To avail 10% customization in the report without any extra charges and get the research data or trends added in the report as per the buyer´s specific needs

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