Report Overview

Middle East and Africa Electric Three Wheeler Market – Industry Trends & Forecast Report, 2030

Middle East and Africa Electric Three Wheeler Market size by value was estimated at USD 18.4 billion in 2023. During the forecast period between 2024 and 2030, Middle East and Africa Electric Three Wheeler Market size is expected to expand at a CAGR of 12.20% reaching a value of USD 40.7 billion by 2030. Middle East and Africa Electric Three Wheeler Market is driven by environmental concerns, rising oil prices, increasing disposable incomes, government support for emission-free transportation, and technological advancements. The demand for eco-friendly and cost-effective public transport solutions also fuels market growth.

Electric Three Wheeler – Overview

Electric three wheelers, commonly known as e-rickshaws, are eco-friendly vehicles powered by battery-based electric motors. They offer a cost-effective and sustainable mode of public transportation, especially for last-mile connectivity. These vehicles help reduce fuel consumption costs and are supported by various government policies promoting emission-free transportation. The market for electric Three Wheelers is growing rapidly due to increasing environmental awareness and technological advancements.

Middle East and Africa Electric Three Wheeler Market

Growth Drivers

Government’s Initiatives to Promote Adoption of Electric Vehicles (EVs)

Increasing number of incentives and supportive policies by governments across the region are significantly driving Middle East and Africa Electric Three Wheeler Market. The initiatives include subsidies and incentives for electric vehicle (EV) buyers, investment in charging infrastructure, and regulations favoring emission-free transportation. For instance, countries like UAE and Saudi Arabia are implementing policies to encourage the adoption of EVs, aiming to reduce carbon emissions and promote sustainable mobility solutions. These efforts are creating a favorable environment for the expansion of electric three wheelers in the MEA region.

Challenges

Limited Charging Infrastructure

The limited charging infrastructure in Middle East and Africa is a significant restraint on the growth of Electric Three Wheeler Market. The absence of standardized charging plugs and sufficient charging stations leads to range anxiety among drivers. This lack of infrastructure hinders the widespread adoption of electric Three Wheelers, as users are concerned about the availability of charging points and the time required to recharge.

Impact of Escalating Geopolitical Tensions on Middle East and Africa Electric Three Wheeler Market

Escalating geopolitical tensions in Middle East and Africa could have a significant impact on the growth of Electric Three Wheeler Market across the region. Economic, political, and trade tensions disrupt supply chains, leading to shortages of critical raw materials like lithium and cobalt, which are essential for battery production. Increased trade barriers and economic instability also hinder market growth by affecting investor confidence and increasing costs. Additionally, regional conflicts can delay infrastructure projects, including the development of charging stations, further limiting the adoption of electric Three Wheelers.

Middle East and Africa Electric Three Wheeler Market

Segmental Coverage

Middle East and Africa Electric Three Wheeler Market – By Vehicle Type

By vehicle type, Middle East and Africa Electric Three Wheeler Market is divided into Passenger Carrier and Load Carrier segments. The passenger carrier segment holds a larger market share of Middle East and Africa Electric Three Wheeler Market by vehicle type. The segment’s dominance is driven by the growing need for affordable and sustainable public transportation solutions in urban and semi-urban areas. Passenger carriers are increasingly adopted for short-distance commutes and shared transportation, addressing traffic congestion and reducing carbon emissions. Additionally, government incentives and a focus on the electrification of transport further propel the growth of this segment in the region.

Middle East and Africa Electric Three Wheeler Market – By Battery Type

Based on battery type, Middle East and Africa Electric Three Wheeler Market is divided into Lead-Acid Battery and Lithium-Ion Battery segments. The Lithium-ion battery segment holds the larger share of Middle East and Africa Electric Three Wheeler Market. This dominance is driven by the superior performance, longer lifespan, and faster charging capabilities of lithium-ion batteries compared to their lead-acid counterparts. Additionally, the growing emphasis on sustainable and energy-efficient transportation aligns with the benefits offered by lithium-ion technology. Their lighter weight and higher energy density also make them a preferred choice, particularly in regions adopting advanced mobility solutions.

Middle East and Africa Electric Three Wheeler Market – By Battery Capacity

By battery capacity, Middle East and Africa Electric Three Wheeler Market is divided into (<1,000 Watts, 1,000–1,500 Watts, and >1,500 Watts segments. The 1,000–1,500 Watts segment accounts for the largest market share of Middle East and Africa Electric Three Wheeler Market by battery capacity, due to its balance of power and affordability, catering to both urban and semi-urban areas. Vehicles in this segment are preferred for passenger and goods transport due to their efficiency, reliability, and suitability for regional infrastructure. Their moderate power output meets the needs of cost-conscious consumers while offering adequate performance, making them the most popular choice in this market.

Middle East and Africa Electric Three Wheeler Market – By Country

Geographically, Middle East and Africa Electric Three Wheeler Market is divided into Saudi Arabia, UAE, Qatar, Kuwait, South Africa, Nigeria, Algeria, and Rest of MEA. Nigeria is the leading country in Middle East and Africa Electric Three Wheeler Market. The country's growing adoption of sustainable transportation, government initiatives to promote electric mobility, and an increasing preference for cost-effective, environmentally friendly vehicles drive its dominance. Nigeria's robust urbanization and rising demand for last-mile delivery solutions further boost the growth of Electric Three Wheeler Market. Additionally, its supportive policies for electric vehicles contribute significantly to its leading position in the MEA region.

Competitive Landscape

Key players in the highly competitive Middle East and Africa Electric Three Wheeler Market include Mahindra Electric, Piaggio CV, Omega Seiki Mobility (OSM), Bajaj Auto, Biliti Electric, Chongqing Zongshen Vehicle Co., Ltd, J.S. Auto (P) Ltd, and Ningbo Dowedo International Trade Co., Ltd. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Recent Developments

• In October 2024 –  Kinetic Green, a manufacturer of electric vehicles, and Tonino Lamborghini, its joint venture (JV) partner, announced their plan to prioritize the establishment of a manufacturing base for electric two- and three-wheelers in the Middle East.

Scope of the Report

By Vehicle Type

• Passenger Carrier

• Load Carrier

By Battery Type

• Lead-Acid Battery

• Lithium-Ion Battery

By Battery Capacity

• <1,000 Watts

• 1,000–1,500 Watts

• >1,500 Watts

By Country

• Saudi Arabia

• UAE

• Qatar

• Kuwait

• South Africa

• Nigeria

• Algeria

• Rest of MEA

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Market Segmentation
2. Executive Summary
3.  Middle East and Africa Electric Three Wheeler Market Insights
   1. Industry Value Chain Analysis
   2. DROC Analysis
      1. Growth Drivers
         1. Increasing fuel prices
         2. Government initiatives to promote electric vehicles
         3. Rapid urbanization and population growth in major cities
      2. Restraints
         1. High initial cost
         2. Limited charging infrastructure
         3. Battery life and replacement costs
      3. Opportunities
         1. Advancements in battery technology, charging infrastructure, and vehicle design
         2. Exploring new applications beyond last-mile delivery
         3. Growth of e-commerce
      4. Challenges
         1. Complex regulatory frameworks and bureaucratic procedures
         2. Raising awareness about the benefits of electric vehicles
   3. Technological Advancements/Recent Developments
   4. Regulatory Framework
   5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
4. Middle East and Africa Electric Three Wheeler Market: Marketing Strategies
5. Middle East and Africa Electric Three Wheeler Market Overview
   1. Market Size & Forecast, 2019–2030
      1. By Value (USD Million)
   2. Market Share and Forecast
      1. By Vehicle Type
         1. Passenger Carrier
         2. Load Carrier
      2. By Battery Type
         1. Lead-Acid Battery
         2. Lithium-Ion Battery
      3. By Battery Capacity
         1. <1,000 Watts
         2. 1,000–1,500 Watts
         3. >1,500 Watts
      4. By Country
         1. Saudi Arabia
         2. UAE
         3. Qatar
         4. Kuwait
         5. South Africa
         6. Nigeria
         7. Algeria
         8. Rest of MEA
6. Saudi Arabia Electric Three Wheeler Market
   1. Market Size & Forecast, 2019–2030
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Vehicle Type
      2. By Battery Type
      3. By Battery Capacity
7. UAE Electric Three Wheeler Market
   1. Market Size & Forecast, 2019–2030
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Vehicle Type
      2. By Battery Type
      3. By Battery Capacity
8. Qatar Electric Three Wheeler Market
   1. Market Size & Forecast, 2019–2030
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Vehicle Type
      2. By Battery Type
      3. By Battery Capacity
9. Kuwait Electric Three Wheeler Market
   1. Market Size & Forecast, 2019–2030
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Vehicle Type
      2. By Battery Type
      3. By Battery Capacity
10. South Africa Electric Three Wheeler Market
    1. Market Size & Forecast, 2019–2030
       1. By Value (USD Million)
    2. Market Share & Forecast
       1. By Vehicle Type
       2. By Battery Type
       3. By Battery Capacity
11. Nigeria Electric Three Wheeler Market
    1. Market Size & Forecast, 2019–2030
       1. By Value (USD Million)
    2. Market Share & Forecast
       1. By Vehicle Type
       2. By Battery Type
       3. By Battery Capacity
12. Algeria Electric Three Wheeler Market
    1. Market Size & Forecast, 2019–2030
       1. By Value (USD Million)
    2. Market Share & Forecast
       1. By Vehicle Type
       2. By Battery Type
       3. By Battery Capacity
13. Rest of MEA Electric Three Wheeler Market
    1. Market Size & Forecast, 2019–2030
       1. By Value (USD Million)
    2. Market Share & Forecast
       1. By Vehicle Type
       2. By Battery Type
       3. By Battery Capacity
14. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Middle East and Africa Electric Three Wheeler Market Share Analysis, 2023
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
15. Impact of Escalating Geopolitical Tensions on Middle East and Africa Electric Three Wheeler Market
16. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
    1. Mahindra Electric
    2. Piaggio CV
    3. Omega Seiki Mobility (OSM)
    4. Bajaj Auto
    5. Biliti Electric
    6. Chongqing Zongshen Vehicle Co., Ltd
    7. J.S. Auto (P) Ltd
    8. Ningbo Dowedo International Trade Co., Ltd
    9. Other Prominent Players
17. Key Strategic Recommendations
18. Research Methodology
    1.    Qualitative Research
       1.  Primary & Secondary Research
    2.    Quantitative Research
    3.    Market Breakdown & Data Triangulation
       1.  Secondary Research
       2.  Primary Research
    4.    Breakdown of Primary Research Respondents, By Region
    5.    Assumptions & Limitations

*Financial information of case of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable

List of Figures

Figure 1       Middle East and Africa Electric Three Wheeler Market Size, By Value (USD Million), 2019–2030

Figure 2       Middle East and Africa Electric Three Wheeler Market Share, By Vehicle Type, By Value (USD Million), 2019–2030

Figure 3       Middle East and Africa Electric Three Wheeler Market Share, By Battery Type, By Value (USD Million), 2019–2030

Figure 4       Middle East and Africa Electric Three Wheeler Market Share, By Battery Capacity, By Value (USD Million), 2019–2030

Figure 5       Middle East and Africa Electric Three Wheeler Market Share, By Country, By Value (USD Million), 2019–2030

Figure 6       Saudi Arabia Electric Three Wheeler Market Size, By Value (USD Million), 2019–2030

Figure 7       Saudi Arabia Electric Three Wheeler Market Share, By Vehicle Type, By Value (USD Million), 2019–2030

Figure 8       Saudi Arabia Electric Three Wheeler Market Share, By Battery Type, By Value (USD Million), 2019–2030

Figure 9       Saudi Arabia Electric Three Wheeler Market Share, By Battery Capacity, By Value (USD Million), 2019–2030

Figure 10     UAE Electric Three Wheeler Market Size, By Value (USD Million), 2019–2030

Figure 11     UAE Electric Three Wheeler Market Share, By Vehicle Type, By Value (USD Million), 2019–2030

Figure 12     UAE Electric Three Wheeler Market Share, By Battery Type, By Value (USD Million), 2019–2030

Figure 13     UAE Electric Three Wheeler Market Share, By Battery Capacity, By Value (USD Million), 2019–2030

Figure 14     Qatar Electric Three Wheeler Market Size, By Value (USD Million), 2019–2030

Figure 15     Qatar Electric Three Wheeler Market Share, By Vehicle Type, By Value (USD Million), 2019–2030

Figure 16     Qatar Electric Three Wheeler Market Share, By Battery Type, By Value (USD Million), 2019–2030

Figure 17     Qatar Electric Three Wheeler Market Share, By Battery Capacity, By Value (USD Million), 2019–2030

Figure 18     Kuwait Electric Three Wheeler Market Size, By Value (USD Million), 2019–2030

Figure 19     Kuwait Electric Three Wheeler Market Share, By Vehicle Type, By Value (USD Million), 2019–2030

Figure 20     Kuwait Electric Three Wheeler Market Share, By Battery Type, By Value (USD Million), 2019–2030

Figure 21     Kuwait Electric Three Wheeler Market Share, By Battery Capacity, By Value (USD Million), 2019–2030

Figure 22     South Africa Electric Three Wheeler Market Size, By Value (USD Million), 2019–2030

Figure 23     South Africa Electric Three Wheeler Market Share, By Vehicle Type, By Value (USD Million), 2019–2030

Figure 24     South Africa Electric Three Wheeler Market Share, By Battery Type, By Value (USD Million), 2019–2030

Figure 25     South Africa Electric Three Wheeler Market Share, By Battery Capacity, By Value (USD Million), 2019–2030

Figure 26     Nigeria Electric Three Wheeler Market Size, By Value (USD Million), 2019–2030

Figure 27     Nigeria Electric Three Wheeler Market Share, By Vehicle Type, By Value (USD Million), 2019–2030

Figure 28     Nigeria Electric Three Wheeler Market Share, By Battery Type, By Value (USD Million), 2019–2030

Figure 29     Nigeria Electric Three Wheeler Market Share, By Battery Capacity, By Value (USD Million), 2019–2030

Figure 30     Algeria Electric Three Wheeler Market Size, By Value (USD Million), 2019–2030

Figure 31     Algeria Electric Three Wheeler Market Share, By Vehicle Type, By Value (USD Million), 2019–2030

Figure 32     Algeria Electric Three Wheeler Market Share, By Battery Type, By Value (USD Million), 2019–2030

Figure 33     Algeria Electric Three Wheeler Market Share, By Battery Capacity, By Value (USD Million), 2019–2030

Figure 34     Rest of MEA Electric Three Wheeler Market Size, By Value (USD Million), 2019–2030

Figure 35     Rest of MEA Electric Three Wheeler Market Share, By Vehicle Type, By Value (USD Million), 2019–2030

Figure 36     Rest of MEA Electric Three Wheeler Market Share, By Battery Type, By Value (USD Million), 2019–2030

Figure 37     Rest of MEA Electric Three Wheeler Market Share, By Battery Capacity, By Value (USD Million), 2019–2030

List of Tables

Table 1        Middle East and Africa Electric Three Wheeler Market Size, By Value (USD Million), 2019–2030

Table 2        Middle East and Africa Electric Three Wheeler Market Size, By Vehicle Type, By Value (USD Million), 2019–2030

Table 3        Middle East and Africa Electric Three Wheeler Market Size, By Battery Type, By Value (USD Million), 2019–2030

Table 4 Middle East and Africa Electric Three Wheeler Market Size, By Battery Capacity, By Value (USD Million), 2019–2030

Table 5 Middle East and Africa Electric Three Wheeler Market Size, By Country, By Value (USD Million), 2019–2030

Table 6 Saudi Arabia Electric Three Wheeler Market Size, By Value (USD Million), 2019–2030

Table 7       Saudi Arabia Electric Three Wheeler Market Size, By Vehicle Type, By Value (USD Million), 2019–2030

Table 8         Saudi Arabia Electric Three Wheeler Market Size, By Battery Type, By Value (USD Million), 2019–2030

Table 9 Saudi Arabia Electric Three Wheeler Market Size, By Battery Capacity, By Value (USD Million), 2019–2030

Table 10      UAE Electric Three Wheeler Market Size, By Value (USD Million), 2019–2030

Table 11      UAE Electric Three Wheeler Market Size, By Vehicle Type, By Value (USD Million), 2019–2030

Table 12      UAE Electric Three Wheeler Market Size, By Battery Type, By Value (USD Million), 2019–2030

Table 13      UAE Electric Three Wheeler Market Size, By Battery Capacity, By Value (USD Million), 2019–2030

Table 14      Qatar Electric Three Wheeler Market Size, By Value (USD Million), 2019–2030

Table 15      Qatar Electric Three Wheeler Market Size, By Vehicle Type, By Value (USD Million), 2019–2030

Table 16      Qatar Electric Three Wheeler Market Size, By Battery Type, By Value (USD Million), 2019–2030

Table 17      Qatar Electric Three Wheeler Market Size, By Battery Capacity, By Value (USD Million), 2019–2030

Table 18      Kuwait Electric Three Wheeler Market Size, By Value (USD Million), 2019–2030

Table 19      Kuwait Electric Three Wheeler Market Size, By Vehicle Type, By Value (USD Million), 2019–2030

Table 20      Kuwait Electric Three Wheeler Market Size, By Battery Type, By Value (USD Million), 2019–2030

Table 21      Kuwait Electric Three Wheeler Market Size, By Battery Capacity, By Value (USD Million), 2019–2030

Table 22      South Africa Electric Three Wheeler Market Size, By Value (USD Million), 2019–2030

Table 23      South Africa Electric Three Wheeler Market Size, By Vehicle Type, By Value (USD Million), 2019–2030

Table 24      South Africa Electric Three Wheeler Market Size, By Battery Type, By Value (USD Million), 2019–2030

Table 25      South Africa Electric Three Wheeler Market Size, By Battery Capacity, By Value (USD Million), 2019–2030

Table 26      Nigeria Electric Three Wheeler Market Size, By Value (USD Million), 2019–2030

Table 27      Nigeria Electric Three Wheeler Market Size, By Vehicle Type, By Value (USD Million), 2019–2030

Table 28      Nigeria Electric Three Wheeler Market Size, By Battery Type, By Value (USD Million), 2019–2030

Table 29      Nigeria Electric Three Wheeler Market Size, By Battery Capacity, By Value (USD Million), 2019–2030

Table 30      Algeria Electric Three Wheeler Market Size, By Value (USD Million), 2019–2030

Table 31      Algeria Electric Three Wheeler Market Size, By Vehicle Type, By Value (USD Million), 2019–2030

Table 32      Algeria Electric Three Wheeler Market Size, By Battery Type, By Value (USD Million), 2019–2030

Table 33      Algeria Electric Three Wheeler Market Size, By Battery Capacity, By Value (USD Million), 2019–2030

Table 34      Rest of MEA Electric Three Wheeler Market Size, By Value (USD Million), 2019–2030

Table 35      Rest of MEA Electric Three Wheeler Market Size, By Vehicle Type, By Value (USD Million), 2019–2030

Table 36      Rest of MEA Electric Three Wheeler Market Size, By Battery Type, By Value (USD Million), 2019–2030

Table 37      Rest of MEA Electric Three Wheeler Market Size, By Battery Capacity, By Value (USD Million), 2019–2030

Table 38      Mahindra Electric Company Overview

Table 39      Mahindra Electric Financial Overview

Table 40      Piaggio CV Company Overview

Table 41      Piaggio CV Financial Overview

Table 42      Omega Seiki Mobility (OSM) Company Overview

Table 43      Omega Seiki Mobility (OSM) Financial Overview

Table 44      Bajaj Auto Company Overview

Table 45      Bajaj Auto Financial Overview

Table 46      Biliti Electric Company Overview

Table 47      Biliti Electric Financial Overview

Table 48      Chongqing Zongshen Vehicle Co., Ltd Company Overview

Table 49      Chongqing Zongshen Vehicle Co., Ltd Financial Overview

Table 50      J.S. Auto (P) Ltd Company Overview

Table 51      J.S. Auto (P) Ltd Financial Overview

Table 52      Ningbo Dowedo International Trade Co., Ltd Company Overview

Table 53      Ningbo Dowedo International Trade Co., Ltd Financial Overview