Consumer Insights
Uncover trends and behaviors shaping consumer choices today
Procurement Insights
Optimize your sourcing strategy with key market data
Industry Stats
Stay ahead with the latest trends and market analysis.
Base Year
Historical Year
Forecast Year
The global three-wheeled motorcycle market reached is projected to grow at a CAGR of 12% between 2024 and 2032.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
Three-wheeled motorcycles offer greater stability and comfort, making them increasingly popular among older riders and those with physical limitations. This demographic shift is driving demand for these vehicles. Moreover, the use of three-wheeled motorcycles for recreational purposes is on the rise. These vehicles are often marketed as fun and adventurous, appealing to a segment of consumers looking for leisure and travel options.
The growth of middle-class populations in emerging markets is creating new three-wheeled motorcycle market opportunities. The addition of a third wheel in the conventional motorcycle provides it with extra stability, thus, resulting in its increased demand among consumers.
Increased disposable income and the demand for affordable, efficient transportation solutions are driving market expansion in regions like Asia-Pacific and Latin America. According to the Federal Ministry for Economic Cooperation and Development, under a business-as-usual scenario, global projections suggest the two- and three-wheeler population could reach between 1.3 billion and 1.7 billion vehicles by 2050.
Urban mobility solutions, supportive infrastructure development, and innovative design and customisation are the major trends impacting global three-wheeled motorcycle market value.
February 07, 2024
Sixthreezero has launched the Two Front Wheel Electric Bike, featuring a reverse trike (tadpole) design with two front wheels and one rear wheel. This configuration enhances stability, making turns smoother and rides more comfortable.
February 02, 2024
Kamoki has launched the XGT CAT 3.0 e-loader at Rs. 1.05 lakh, featuring a 500 kg load capacity, 12-inch wheels, triple-disc brakes, and a fire-resistant graphene battery for enhanced durability and safety.
July 19, 2023
The X-OTO, launched in the US market, is a three-wheeled electric motorbike. It incorporates a patented tilting system that allows it to lean up to 45 degrees, providing stability and operational versatility.
December 06, 2022
Omega Seiki Mobility, in collaboration with Log 9 Materials, has introduced the 'Rage+ RapidEV' in India. This fast-charging electric 3-wheeler is tailored for efficient last-mile cargo delivery, available in two variants to suit different needs.
Urban Mobility Solutions
In crowded urban areas, three-wheeled motorcycles offer an efficient, compact transportation solution, often avoiding traffic congestion and parking challenges faced by traditional four-wheeled vehicles.
Supportive Infrastructure Development
Developing charging infrastructure for electric three-wheeled motorcycles is crucial. Increased investment in charging stations and related infrastructure supports the growth of the electric segment within the market.
Electric and Hybrid Models
The shift towards electric and hybrid three-wheeled motorcycles is gaining momentum. These models are being developed to address environmental concerns and regulations, offering eco-friendly alternatives with lower emissions and operational costs, thus supporting the three-wheeled motorcycle demand forecast.
Innovative Design and Customization
Manufacturers increasingly provide customisable options and innovative designs to meet diverse lifestyle preferences, attracting a broad customer base interested in unique features and personalised experiences.
The increasing demand for three-wheeled motorcycles is fuelled by the incorporation of advanced safety technologies such as ABS, traction control, and stability systems, which enhance their appeal to a broader range of safety-conscious riders.
Furthermore, innovations in autonomous driving technology are being integrated into three-wheeled motorcycles. Features like lane-keeping assistance, adaptive cruise control, and automated emergency braking are being developed to improve safety and convenience.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
“Global Three-Wheeled Motorcycle Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:
Market Breakup by Wheel Position
Market Breakup by Type
Market Breakup by Engine
Market Breakup by Region
Electric engines contribute to the three-wheeled motorcycle demand as they emitt zero emissions during use, which appeals to consumers and businesses aiming to decrease their environmental impact.
Electric engines operate silently and provide a smooth riding experience compared to combustion engines, contributing to enhanced comfort and reduced noise pollution in urban areas.
Combustion engines offer robust power and performance suitable for various applications, including transportation, delivery services, and recreational use. This capability attracts consumers looking for efficient and reliable vehicles.
Sports type enhances the three-wheeled motorcycle demand growth with state-of-the-art technology such as advanced suspension systems, lightweight materials, and high-performance engines, attracting tech-savvy consumers.
Manufacturers of sports three-wheeled motorcycles often build a strong brand image associated with performance, innovation, and prestige, attracting a dedicated following of loyal customers.
Recreational there-wheeled motorcycles typically prioritise comfort with ergonomic designs, spacious seating, and stability-enhancing features like wider bases and lower centres of gravity, ensuring a smooth ride.
The companies are a provider of automobiles, motorcycles, marine products, industrial machinery, parts and accessories of motorcycles, and others.
Honda Motor Co., Ltd.: Established in 1948 and headquartered in Minato-ku, Tokyo, Honda is a multinational mobility corporation renowned for producing automobiles, motorcycles, marine equipment, power products, and aircraft.
Yamaha Motors Co., Ltd.: Established in 1955 in Iwata City, Shizuoka Prefecture, the company is known for motorcycles, ATVs, boats, outboard motors, and industrial machinery like drones and surface mounters.
Harley-Davidson, Inc.: Founded in 1903 and based in Milwaukee, Wisconsin. The company offers various products including motorcycles, men’s and women’s gear and apparel, and parts and accessories for the motorcycles.
Polaris Industries, Inc.: Established in 1954 and is headquartered in Medina, Minnesota. The company is a global industry leader in power sports and manufactures products including off-road, on-road, snow, marine, and others.
Other global three-wheeled motorcycle market key players are Bombardier Recreational Products Inc. and Piaggio & C. S.p.a, among others.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
Asia Pacific is the leading region boosting the global three-wheeled motorcycle market revenue. This growth can be attributed to the rising demand in emerging markets, supportive government policies and incentives, expanding infrastructure for electric vehicles, cultural suitability for urban transportation needs, and the region's role as a major manufacturing hub for motorcycles. These factors collectively contribute to Asia-Pacific's pivotal role in driving the market's expansion worldwide.
Furthermore, the three-wheeled motorcycle market in Latin America is significantly growing through urban mobility demands, cost-efficiency benefits, regulatory support, environmental concerns, and local manufacturing capabilities, fostering increased adoption across the region.
According to ITA, in 2022, the two- and three-wheeler sectors in Italy produced 341,190 units, up from 293,850 units in 2021.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
Breakup by Wheel Position |
|
Breakup by Type |
|
Breakup by Engine |
|
Breakup by Region |
|
Market Dynamics |
|
Competitive Landscape |
|
Companies Covered |
|
Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
Three-Wheeled Motorcycle Market Size
Three-Wheeled Motorcycle Market Growth
Three-Wheeled Motorcycle Market Trends
Three-Wheeled Motorcycle Market Share
*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.*
Get in touch with us today for customized, data-driven solutions tailored to your unique requirements!
The three-wheeled motorcycle market is projected to grow at a CAGR of 12% between 2024 and 2032.
The major drivers of the industry, such as rising disposable incomes, increasing population, increasing awareness of road safety, rising tourism sector, and rising penetration into emerging markets, are expected to aid the market growth.
The key trends guiding the growth of the market include the rising technological advancements and growing product enhancements.
The market is broken down into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.
The market is categorised according to the wheel position, including two wheels at front and two wheels at rear.
The market is categorised according to the type, which includes sports, cruiser, touring, and recreational.
Based on the engine, the market is divided into combustion engines and electric.
The key players are Honda Motor Co., Ltd., Yamaha Motors Co., Ltd., Harley-Davidson, Inc., Polaris Industries, Inc., Bombardier Recreational Products Inc., and Piaggio & C. S.p.a, among others.
How To Order
Our step-by-step guide will help you select, purchase, and access your reports swiftly, ensuring you get the information that drives your decisions, right when you need it.
Select License Type
Choose the right license for your needs and access rights.
Click on ‘Buy Now’
Add the report to your cart with one click and proceed to register.
Select Mode of Payment
Choose a payment option for a secure checkout. You will be redirected accordingly.
Purchase Full Report
Datasheet
Single User License
One User
Five User License
Five Users
Corporate License
Unlimited Users
Connect For More Information
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
We employ meticulous research methods, blending advanced analytics and expert insights to deliver accurate, actionable industry intelligence, staying ahead of competitors.
Our skilled analysts offer unparalleled competitive advantage with detailed insights on current and emerging markets, ensuring your strategic edge.
We offer an in-depth yet simplified presentation of industry insights and analysis to meet your specific requirements effectively.
Gain insights to stay ahead and seize opportunities.
Get insights & trends for a competitive edge.
Track prices with detailed trend reports.
Analyse trade data for supply chain insights.
Leverage cost reports for smart savings
Enhance supply chain with partnerships.
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
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 287899028, +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
+84865399124