India Electric Rickshaw Motor and Controller Market Analysis, Manufacturers, Analysis, Region and Applications | Analysis of COVID-19

1
India Electric Rickshaw Motor and Controller
Market Share, Size, Trends and Growth
Opportunities
PSIntelligence.Allrightsreserved 1
2

• The Indian electric rickshaw motor and controller
  market is projected to reach 86 million by
  2024, with revenue generation of 59.8 million
  from the motor domain and of 26.2 million from
  the controller domain, the market is primarily
  driven by the growth in the electric rickshaw
  market in the country and the increasing average
  age of these vehicles. During the forecast
  period, the Indian electric rickshaw market is
  expected to advance with a CAGR of over 15 in
  terms of sales volume, further propelling the
  demand for motors and controllers in the
  country.
• However, since the GST rollout, the market for
  electric rickshaws in the country has
  consolidated. Owing to this, unorganized players
  in the market have been largely hit by high
  costs. As a result, consumers have started
  preferring more reliable products offered by
  established MNCs and Indian manufacturers. This
  has further boosted the demand for motors and
  controllers used in these vehicles. Additionally,
  with the growing market share of the organized
  OEMs, the product quality has also improved,
  further increasing the average age of the
  vehicles to 3.6 years. This, in turn, has
  positively affected the growth of the Indian
  electric rickshaw motor and controller market.
• Make enquiry before buying the report https//www
  .psmarketresearch.com/send- enquiry?enquiry-urli
  ndia-electric-rickshaw-motor-and-controller-market
  
• Delhi held the largest share in the Indian
  electric rickshaw motor and controller market
  during the historical period, accounting for
  over 20 sales volume in 2018. It is expected to
  dominate the market in 2019 as well. However,
  Uttar Pradesh is expected to be the largest
  market for electric rickshaw motors during
  20202024 and for electric rickshaw controllers
  in 2023 and 2024, owing to the growing demand
  for electric rickshaws from Tier-1 cities, Tier-2
  cities, and ruralurban fringes in the state.
• CY International and Changzhou Yufeng Vehicles
  Co. Ltd. are the major players in the Indian
  electric motor and controller market. Other
  important players operating in the market are
  Changzhou Xieheng Power Technology Co. Ltd. and
  Hangzhou Yuyang Technology Co. Ltd.
• Explore Full Report Description At_at_ https//www.ps
  marketresearch.com/market- analysis/india-electri
  c-rickshaw-motor-and-controller-market
• This market research report provides a
  comprehensive overview of the Indian electric
  rickshaw motor and controller market.
• This study covers
• Historical and the present size of the Indian
  electric rickshaw motor and controller market
• Future potential of the market through its
  forecast for the period 2014-2024

3

• Recent trends and evolving opportunities for the
  market participants
• Historical and the present size of the market
  segments and understand their comparative future
  potential
• Potential of on-demand logistics services, so the
  market players make informed decisions on the
  sales of their offerings
• Competitive scenario of various market segments
  across key countries in several regions for
  uncovering market opportunities for the
  stakeholders
• Major players operating in the market and their
  service offerings
• Recent strategic developments by the major
  players in the market
• About PS Intelligence
• PS Intelligence is a provider of market research
  and consulting services catering to the market
  information needs of burgeoning industries across
  the world. Providing the plinth of market
  intelligence, PS as an enterprising research and
  consulting company, believes in providing
  thorough landscape analyses on the ever-changing
  market scenario, to empower companies to make
  informed decisions and base their business
  strategies with astuteness.

PSIntelligence.Allrightsreserved
3
4
Disclaimer PS Intelligence always keeps its
customers interests at the core while carrying
out research activities. PS Intelligence
ensures the reliability and accuracy of
information and data provided in its market
research publications. However, the information
in publications is subject to fluctuations, as
it is based on primary interviews of officials
from various companies or organizations. PS
Intelligence is not responsible for any
incorrect data provided by the key industry
players of the concerned domain. The information
or analysis in PS Intelligence publications
represents opinions based on research and should
not be interpreted as statements of fact.
Information in this report was believed to be
correct at the time of publication, but cannot be
guaranteed. PS Intelligence does not endorse
any product, service, or vendor depicted in its
research publications. All intellectual
properties, including trademarks and copyrights,
belong to their respective owners and may be
protected by copyright. Under no circumstance can
these be reproduced in any form without prior
written agreement of their owners. An order for
market research report is intended for internal
use of the company only and not for disclosure
to third parties or any other publication in
general. No service, report, or part thereof
provided by PS Intelligence can be reproduced,
republished, resold, revealed, distributed,
circulated, or sublicensed in any medium or form
now realized or hereafter become realized,
including but not limited to, all forms of
optical-based media, magnetic, electronic, or
digital, without a written permission from
Prescient Strategic Intelligence Pvt. Ltd.
5
Kindly write to enquiry_at_psmarketresearch.com
B-13, Sector 2, Noida, U.P. 201301,
INDIA Contact No 91 120 4541 337 US/Canada
Toll-Free 1-888-778-7886
4
PSIntelligence.Allrightsreserved