Quadricycle and Tricycle Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Quadricycle and Tricycle Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

The global quadricycle and tricycle market size reached US$ 6,729 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 12,250 Million by 2028, exhibiting a growth rate (CAGR) of 10.3% during 2023-2028.

A quadricycle, or microcar, is a four-wheeled cycle and a tricycle is a three-wheeled cycle with two wheels at the back and one at the front. They commonly consist of iron handlebars, chain drives, leather belts, buggy and rubber wheels. Quadricycles and tricycles are widely used for intra-city commuting, recreational activities, exercising and transporting cargo. They can be operated through pedals or powered using electric, solar and gasoline energy sources. These cycles can aid in enhancing the overall cost-effectiveness of short-distance travel and reducing the risks of developing chronic diseases. Quadricycles and tricycles occupy minimal road space, generate negligible emissions and are considered as a safe mode of transportation. In comparison to the traditionally used bicycles, tricycles and quadricycles offer enhanced stability and comfort and are widely used for personal and commercial applications.

Quadricycle and Tricycle Market Trends:
Significant growth in the logistics and food industries across the globe is creating a positive outlook for the market. Quadricycles and tricycles integrated with potable storage units are widely used by mobile food outlets and food carts for the delivery of their products. Additionally, the increasing consumer preference for quadricycles in place of four-wheelers for convenient maneuvering in high traffic areas and easy parking is positively impacting the market growth. Moreover, various technological advancements, such as the replacement of lead-acid batteries with lithium-ion (Li-ion) batteries in braking and suspension systems, are providing a thrust to the market growth. These batteries are safe, high temperature resistant and provide constant power and enhanced usable capacity. Other factors, including the implementation of government initiatives to support small electric vehicles (EVs), along with various product innovations, such as the development of electric cycles with glass roofs and heated interior cabins, are anticipated to drive the market toward growth.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global quadricycle and tricycle market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on vehicle type, power source type and application type.

Breakup by Vehicle Type:

Quadricycle
Tricycle

Breakup by Power Source Type:

Electric
Gasoline
Solar

Breakup by Application Type:

Personal
Commercial

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Aixam-Mega (Polaris Inc.), Bajaj Auto Limited, Bellier Automobiles, Bombardier Recreational Products Inc., Club Car, Estrima S.p.A, Ligier, Motor Trike Inc., Polaris Inc., Tazzari Gl Imola Spa, Urban Tricycles Ltd. and Worksman Cycles Company Inc.

Key Questions Answered in This Report
1. What was the size of the global quadricycle and tricycle market in 2022?
2. What is the expected growth rate of the global quadricycle and tricycle market during 2023-2028?
3. What are the key factors driving the global quadricycle and tricycle market?
4. What has been the impact of COVID-19 on the global quadricycle and tricycle market?
5. What is the breakup of the global quadricycle and tricycle market based on the vehicle type?
6. What is the breakup of the global quadricycle and tricycle market based on the power source type?
7. What is the breakup of the global quadricycle and tricycle market based on the application type?
8. What are the key regions in the global quadricycle and tricycle market?
9. Who are the key players/companies in the global quadricycle and tricycle market?


1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Quadricycle and Tricycle Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Vehicle Type
6.1 Quadricycle
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Tricycle
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Power Source Type
7.1 Electric
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Gasoline
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Solar
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by Application Type
8.1 Personal
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Commercial
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Aixam-Mega (Polaris Inc.)
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.2 Bajaj Auto Limited
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.2.3 Financials
14.3.3 Bellier Automobiles
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.4 Bombardier Recreational Products Inc.
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.4.3 Financials
14.3.4.4 SWOT Analysis
14.3.5 Club Car
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.6 Estrima S.p.A
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.7 Ligier
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.8 Motor Trike Inc.
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.9 Polaris Inc.
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.9.3 Financials
14.3.9.4 SWOT Analysis
14.3.10 Tazzari Gl Imola Spa
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.11 Urban Tricycles Ltd.
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
14.3.12 Worksman Cycles Company Inc.
14.3.12.1 Company Overview
14.3.12.2 Product Portfolio

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