Please Wait.....
Report
Quadricycle and Tricycle Market Report by Vehicle Type (Quadricycle, Tricycle), Power Source Type (Electric, Gasoline, Solar), Application Type (Personal, Commercial), and Region 2024-2032
Market Report I 2024-03-02 I 140 Pages I IMARC Group
The global quadricycle and tricycle market size reached US$ 7,422.4 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 16,483.6 Million by 2032, exhibiting a growth rate (CAGR) of 8.99% during 2024-2032.
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 2024-2032. 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 2023?
2. What is the expected growth rate of the global quadricycle and tricycle market during 2024-2032?
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
Figure 1: Global: Quadricycle and Tricycle Market: Major Drivers and Challenges
Figure 2: Global: Quadricycle and Tricycle Market: Sales Value (in Million US$), 2018-2023
Figure 3: Global: Quadricycle and Tricycle Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 4: Global: Quadricycle and Tricycle Market: Breakup by Vehicle Type (in %), 2023
Figure 5: Global: Quadricycle and Tricycle Market: Breakup by Power Source Type (in %), 2023
Figure 6: Global: Quadricycle and Tricycle Market: Breakup by Application Type (in %), 2023
Figure 7: Global: Quadricycle and Tricycle Market: Breakup by Region (in %), 2023
Figure 8: Global: Quadricycle and Tricycle (Quadricycle) Market: Sales Value (in Million US$), 2018 & 2023
Figure 9: Global: Quadricycle and Tricycle (Quadricycle) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 10: Global: Quadricycle and Tricycle (Tricycle) Market: Sales Value (in Million US$), 2018 & 2023
Figure 11: Global: Quadricycle and Tricycle (Tricycle) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 12: Global: Quadricycle and Tricycle (Electric) Market: Sales Value (in Million US$), 2018 & 2023
Figure 13: Global: Quadricycle and Tricycle (Electric) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 14: Global: Quadricycle and Tricycle (Gasoline) Market: Sales Value (in Million US$), 2018 & 2023
Figure 15: Global: Quadricycle and Tricycle (Gasoline) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 16: Global: Quadricycle and Tricycle (Solar) Market: Sales Value (in Million US$), 2018 & 2023
Figure 17: Global: Quadricycle and Tricycle (Solar) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 18: Global: Quadricycle and Tricycle (Personal) Market: Sales Value (in Million US$), 2018 & 2023
Figure 19: Global: Quadricycle and Tricycle (Personal) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 20: Global: Quadricycle and Tricycle (Commercial) Market: Sales Value (in Million US$), 2018 & 2023
Figure 21: Global: Quadricycle and Tricycle (Commercial) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 22: North America: Quadricycle and Tricycle Market: Sales Value (in Million US$), 2018 & 2023
Figure 23: North America: Quadricycle and Tricycle Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 24: United States: Quadricycle and Tricycle Market: Sales Value (in Million US$), 2018 & 2023
Figure 25: United States: Quadricycle and Tricycle Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 26: Canada: Quadricycle and Tricycle Market: Sales Value (in Million US$), 2018 & 2023
Figure 27: Canada: Quadricycle and Tricycle Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 28: Asia-Pacific: Quadricycle and Tricycle Market: Sales Value (in Million US$), 2018 & 2023
Figure 29: Asia-Pacific: Quadricycle and Tricycle Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 30: China: Quadricycle and Tricycle Market: Sales Value (in Million US$), 2018 & 2023
Figure 31: China: Quadricycle and Tricycle Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 32: Japan: Quadricycle and Tricycle Market: Sales Value (in Million US$), 2018 & 2023
Figure 33: Japan: Quadricycle and Tricycle Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 34: India: Quadricycle and Tricycle Market: Sales Value (in Million US$), 2018 & 2023
Figure 35: India: Quadricycle and Tricycle Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 36: South Korea: Quadricycle and Tricycle Market: Sales Value (in Million US$), 2018 & 2023
Figure 37: South Korea: Quadricycle and Tricycle Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 38: Australia: Quadricycle and Tricycle Market: Sales Value (in Million US$), 2018 & 2023
Figure 39: Australia: Quadricycle and Tricycle Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 40: Indonesia: Quadricycle and Tricycle Market: Sales Value (in Million US$), 2018 & 2023
Figure 41: Indonesia: Quadricycle and Tricycle Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 42: Others: Quadricycle and Tricycle Market: Sales Value (in Million US$), 2018 & 2023
Figure 43: Others: Quadricycle and Tricycle Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 44: Europe: Quadricycle and Tricycle Market: Sales Value (in Million US$), 2018 & 2023
Figure 45: Europe: Quadricycle and Tricycle Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 46: Germany: Quadricycle and Tricycle Market: Sales Value (in Million US$), 2018 & 2023
Figure 47: Germany: Quadricycle and Tricycle Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 48: France: Quadricycle and Tricycle Market: Sales Value (in Million US$), 2018 & 2023
Figure 49: France: Quadricycle and Tricycle Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 50: United Kingdom: Quadricycle and Tricycle Market: Sales Value (in Million US$), 2018 & 2023
Figure 51: United Kingdom: Quadricycle and Tricycle Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 52: Italy: Quadricycle and Tricycle Market: Sales Value (in Million US$), 2018 & 2023
Figure 53: Italy: Quadricycle and Tricycle Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 54: Spain: Quadricycle and Tricycle Market: Sales Value (in Million US$), 2018 & 2023
Figure 55: Spain: Quadricycle and Tricycle Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 56: Russia: Quadricycle and Tricycle Market: Sales Value (in Million US$), 2018 & 2023
Figure 57: Russia: Quadricycle and Tricycle Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 58: Others: Quadricycle and Tricycle Market: Sales Value (in Million US$), 2018 & 2023
Figure 59: Others: Quadricycle and Tricycle Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 60: Latin America: Quadricycle and Tricycle Market: Sales Value (in Million US$), 2018 & 2023
Figure 61: Latin America: Quadricycle and Tricycle Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 62: Brazil: Quadricycle and Tricycle Market: Sales Value (in Million US$), 2018 & 2023
Figure 63: Brazil: Quadricycle and Tricycle Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 64: Mexico: Quadricycle and Tricycle Market: Sales Value (in Million US$), 2018 & 2023
Figure 65: Mexico: Quadricycle and Tricycle Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 66: Others: Quadricycle and Tricycle Market: Sales Value (in Million US$), 2018 & 2023
Figure 67: Others: Quadricycle and Tricycle Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 68: Middle East and Africa: Quadricycle and Tricycle Market: Sales Value (in Million US$), 2018 & 2023
Figure 69: Middle East and Africa: Quadricycle and Tricycle Market: Breakup by Country (in %), 2023
Figure 70: Middle East and Africa: Quadricycle and Tricycle Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 71: Global: Quadricycle and Tricycle Industry: SWOT Analysis
Figure 72: Global: Quadricycle and Tricycle Industry: Value Chain Analysis
Figure 73: Global: Quadricycle and Tricycle Industry: Porter's Five Forces Analysis
Table 1: Global: Quadricycle and Tricycle Market: Key Industry Highlights, 2023 & 2032
Table 2: Global: Quadricycle and Tricycle Market Forecast: Breakup by Vehicle Type (in Million US$), 2024-2032
Table 3: Global: Quadricycle and Tricycle Market Forecast: Breakup by Power Source Type (in Million US$), 2024-2032
Table 4: Global: Quadricycle and Tricycle Market Forecast: Breakup by Application Type (in Million US$), 2024-2032
Table 5: Global: Quadricycle and Tricycle Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 6: Global: Quadricycle and Tricycle Market: Competitive Structure
Table 7: Global: Quadricycle and Tricycle Market: Key Players
- Not Sure / Need Reassuring
- Confirm Content
-
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
-
- Sample Pages
-
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Check for Alternatives
-
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
-
- Confirm Content
- Prices / Formats / Delivery
- Prices
-
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Discounts
-
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Available Currencies
-
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
-
- Licenses
-
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Global Site License
-
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Formats
-
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
-
- Delivery
-
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
-
- Shipping Charges
-
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
-
- Prices
- Ordering
- By Credit Card
-
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
-
- By Money Transfer
-
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
-
- By Credit Card
- Security
- Website security
-
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
-
- Credit Card Security
-
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
-
- Website security