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Electric Loader Rickshaw Market with Covid-19 Pandemic Analysis, Growth Rate, New Trend Analysis Forecast To 2031
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Covid-19 scenario:
The Covid-19 pandemic negatively affected the automotive industry. The lack of workforce and strict restrictions on production and manufacturing facilities regarding social distancing hampered the market.
However, the demand for electric vehicles is expected to increase post-pandemic as the world gets back on track.
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Asia-Pacific held the largest share
By region, the market across Asia-Pacific held the largest share in 2021, accounting for more than three-fourths of the market, due to increased demand for affordable commercial vehicles with low production costs, a rise in production capacity, and a surge in demand for simple light vehicles. Furthermore, the preference for electric three-wheeler has increased in Asia-Pacific as compared to conventional three-wheelers, owing to their lightweight, eco-friendly nature, the requirement for less power, and cost-effectiveness. However, the global electric loader rickshaw market across LAMEA is projected to manifest the highest CAGR of 11.0% during the forecast period, due to economic development and the developing automobile industry in the developing countries of this region. The electric loader/carrier rickshaw also employs in low to mid-income countries, further strengthening the market. Furthermore, an increase in the acceptance of electric vehicles, such as steps for building convenient charging stations, is expected to contribute to the growth of the electric loader rickshaw demand in LAMEA.
Major market players
Adapt Motors
AG International Pvt. Ltd.
Arna Electric Auto Private Limited
BABA E-Rickshaw
E-TUK Factory
Gayatri Electric Vehicles
Goenka Electric Motor Vehicles Private Limited
J.S. Auto Pvt. Ltd.
Kinetic Green Vehicles
Mahindra Electric Mobility Limited
Mini Metro EV LLP
Singham (U.P. Telelinks Limited)
SN Solar Energy
Terra Motors India
Victory Electric Vehicles International Limited
Xuzhou Hongsengmeng Group Co., Ltd.
Zuperia Auto Pvt. Ltd.
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