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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Australia Three Wheeler Market Size
The Australia three wheeler market 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.
Australia Three Wheeler Market Report Snapshots
Australia Three Wheeler Market Size
Australia Three Wheeler Companies
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market is projected to grow at a CAGR of 4.98% between 2024 and 2032.
The three wheeler market is categorised according to type, which includes passenger carrier and load carrier.
The key players are Biliti Electric, Inc., The Morgon Motor Company, Yamaha Motors Australia Pty. Ltd., and e Star 8 Australia Pty Ltd. among others.
Based on the three wheeler distribution channel, the market is divided into electric and gasoline.
The market is broken down into New South Wales, Victoria, Queensland, Australian Capital Territory, Western Australia, and others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124