Global Electric Trike Market to grow at a CAGR of 13.22% during 2016-2020

About Electric Trikes

The traditional two-wheeled motorcycle dominates the market because such machines are tested and proven mechanisms delivering mileage performance. Another type of vehicle is the trike, the three-wheeled motorcycle, which is known for its increased stability and safety of the rider. These motorcycles are equipped with advanced features to increase the driving pleasure and for better control, feel, and style. This type of motorcycle was introduced during the last decade. The motorcycle trikes and scooter trikes remain in their nascent stages. However, these trikes are expected to gain traction during the forecast period.

Technavios analysts forecast the global electric trikes market to grow at a CAGR of 13.22% during the period 2016-2020.

Covered in this report
The report covers the present scenario and the growth prospects of the global electric trikes market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of electric trikes.

The market is divided into the following segments based on geography:
APAC
Europe
North America

Technavio's report, Global Thoracic Surgery Market 2016-2020, 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.

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Key vendors
Piaggio
Toyota Motor Corporation
BMW
Yamaha Motor Company

Other prominent vendors
Aprilia Magnet
Arcimoto
Electra Meccanica
Elio Motors
Sway Motorsports
Torq
Valene Motors

Market driver
Trikes offer more stability and convenience compared with traditional motorcycles
For a full, detailed list, view our report

Market challenge
Customers to rethink trike purchases because of non-standard vehicle category licensing in countries
For a full, detailed list, view our report

Market trend
Development of high-performance electric trike to attract sports vehicle enthusiasts toward electric trike
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2020 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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