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Last Updated: Apr 25, 2025 | Study Period: 2024-2030
A tricycle with an electric motor is referred to as an electric tricycle. A three-wheeled vehicle with an electric motor is known as an electric trike.
An electric trike is a terrific way to increase your fitness because it provides a low impact workout that reduces strain and injuries while also being beneficial for stamina, muscle strength, and cardio fitness.
For people who want to travel in an environmentally friendly way but yet need more stability than a conventional bicycle can offer, an electric tricycle is the perfect option.
The Global Electric Tricycle market accounted for $XX Billion in 2022 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.
The first major e-bike manufacturer with an inexpensive three-wheeler, Rad Power Bikes, launched the RadTrike. The RadTrike is a fresh three-wheeler option intended to appeal to a larger spectrum of riders, expanding upon Rad's extensive line of varied two-wheeled electric bicycles.
When compared to the company's other bikes, which start at about half that price, the RadTrike may not seem like a very affordable option.
One of the earliest clients couldn't ride a standard bike owing to health difficulties, and it was the beginning of the path to the RadTrike.
Since then, they engaged in a great deal of dialogue with clients that are seeking additional Rad solutions. After having developed their skills, they can provide a high-value, purpose-built three-wheel choice that will help spread awareness of another micro mobility category.
The objective to make transportation efficient, fun, and available to everyone will be greatly accelerated by the introduction of the RadTrike.
The company Rad Power Bikes has long been a favourite among "returning riders," or those who formerly enjoyed cycling but have since given it up due to the effort involved.
An assist motor on electric bicycles reduces the amount of pedalling required, making them simpler to ride. But for riders who lack both the balance required for a two-wheeled bike and the strength to pedal independently, electric trikes can be the ideal option.
| Sl no | Topic |
| 1 | Market Segmentation |
| 2 | Scope of the report |
| 3 | Abbreviations |
| 4 | Research Methodology |
| 5 | Executive Summary |
| 6 | Introduction |
| 7 | Insights from Industry stakeholders |
| 8 | Cost breakdown of Product by sub-components and average profit margin |
| 9 | Disruptive innovation in the Industry |
| 10 | Technology trends in the Industry |
| 11 | Consumer trends in the industry |
| 12 | Recent Production Milestones |
| 13 | Component Manufacturing in US, EU and China |
| 14 | COVID-19 impact on overall market |
| 15 | COVID-19 impact on Production of components |
| 16 | COVID-19 impact on Point of sale |
| 17 | Market Segmentation, Dynamics and Forecast by Geography, 2024-2030 |
| 18 | Market Segmentation, Dynamics and Forecast by Product Type, 2024-2030 |
| 19 | Market Segmentation, Dynamics and Forecast by Application, 2024-2030 |
| 20 | Market Segmentation, Dynamics and Forecast by End use, 2024-2030 |
| 21 | Product installation rate by OEM, 2023 |
| 22 | Incline/Decline in Average B-2-B selling price in past 5 years |
| 23 | Competition from substitute products |
| 24 | Gross margin and average profitability of suppliers |
| 25 | New product development in past 12 months |
| 26 | M&A in past 12 months |
| 27 | Growth strategy of leading players |
| 28 | Market share of vendors, 2023 |
| 29 | Company Profiles |
| 30 | Unmet needs and opportunity for new suppliers |
| 31 | Conclusion |
| 32 | Appendix |
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