Australia Three Wheeler Market Report and Forecast 2024-2032

Australia Three Wheeler Market Outlook

The Australia three wheeler market size is projected to grow at a CAGR of 4.98% between 2024 and 2032.

Key Takeaways

• As per the Australian Government, three-wheeled motor vehicles designed mainly for transporting one or two individuals fall into this category. It encompasses three-wheeled mopeds, scooters, motor tricycles, and motorcycles equipped with sidecars.

• The Electric Vehicle Council reports that there are 42 models of two or three-wheelers in Australia, which contributes to the growth of the three-wheeler market in the country.

• According to The Australian Electric Vehicle Association (AEVA) LTD, the ACT Government's Zero Emission Vehicles Action Plan led to 7,233 battery electric vehicle registrations by March 1, 2024, bolstering Australia three wheeler market.

The passenger carrier segment significantly drives Australia three wheeler market growth by serving as efficient public transportation, particularly in urban and semi-urban regions with narrow or congested roads

Passenger carriers provide efficient and economical public transit, particularly in urban environments. They offer affordable travel choices, connect to final destinations, feature adjustable seating, ease traffic congestion, support environmental benefits, and create jobs for drivers.

Load carriers are crucial for businesses, offering cost-effective goods transportation. They provide adaptable cargo space, manoeuvre well in cities, have low operating costs, ensure timely deliveries, boost local economies, and reduce carbon footprints.

The Edison, an electric three-wheeled roadster created by Vanderhall in the US, was launched in Australia in late 2021. Blending vintage aesthetics with modern efficiency, it bore a resemblance to a fusion of a trike and a sports car, boasting a 300km range powered by a 28.8kWh battery that could be charged in 6 hours.

Market Segmentation

Australia Three Wheeler Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

Market Breakup by Type

• Passenger Carrier

• Load Carrier

Market Breakup by Fuel Type

• Electric

• Gasoline

Market Breakup by Region

• New South Wales

• Victoria

• Queensland

• Australian Capital Territory

• Western Australia

• Others

The Australia three wheeler market key players are Biliti Electric, Inc., The Morgon Motor Company, Yamaha Motors Australia Pty. Ltd., and e Star 8 Australia Pty Ltd. among others.

Key Highlights of the Report

Australia Three Wheeler Market Report Snapshots

Australia Three Wheeler Market Size

Australia Three Wheeler Companies