Top Trike Companies

Skyquest Technology's expert advisors have carried out comprehensive research and identified these companies as industry leaders in the Trike Market. This Analysis is based on comprehensive primary and secondary research on the corporate strategies, financial and operational performance, product portfolio, market share and brand analysis of all the leading Trike industry players.

Trike Market Competitive Landscape

The market for electric tricycles, often known as e-trikes, is extremely competitive, with major market participants using a variety of tactics to increase their market positions, including product development, collaborations, acquisitions, agreements, and growth. The majority of businesses in the industry are concentrating on growing their regional operations, enhancing their capabilities, and cultivating reliable partner relationships.

Top Players in Trike Market

  • Bajaj Auto Ltd. (India) 
  • Bombardier Recreational Products Inc. (Canada) 
  • Campagna Motors Inc. (Canada) 
  • CFMoto (China) 
  • Delta Trikes (United States) 
  • Elio Motors (United States) 
  • Harley-Davidson, Inc. (United States) 
  • Honda Motor Co., Ltd. (Japan) 
  • ICE Trikes (United States) 
  • Kawasaki Heavy Industries Ltd. (Japan) 
  • KMX Karts Ltd. (United Kingdom) 
  • Lehman Trikes USA (United States) 
  • Piaggio & C. S.p.A. (Italy) 
  • Polaris Inc. (United States) 
  • Qiangsheng Electric Tricycle Factory (China) 
  • Rewaco Spezialfahrzeuge GmbH (Germany) 
  • Suzuki Motor Corporation (Japan) 
  • TerraTrike (United States) 
  • The Champion Trike Conversion Kit (United States) 
  • Yamaha Motor Co., Ltd. (Japan)

Trike Market Recent Development

  • In February 2022, In Kolkata, Piaggio Vehicles Private Limited (PVPL), a fully-owned subsidiary of the Piaggio Group, opened the first experience centre for electric three-wheelers. The business now has a presence in West Bengal. Essem Tekno Services Pvt. Ltd. is the name of the company's first three-wheeled electric vehicle experience facility in Kolkata.
  • In October 2021, In order to address the age-old issue of walking, Toyota unveiled the C+walkT. A standing electric scooter with three wheels is called the C+walkT.
  • In February 2022, The Mean Lean Machine, a revolutionary new full-suspension, three-wheeled electric bike, was unveiled by Arcimoto (MLM). Utilizing tilting technology, the new e-bike can turn more like a two-wheeler while still maintaining three-wheeler stability.
REPORT OVERVIEW BUY NOW

REQUEST FOR SAMPLE

Want to customize this report? REQUEST FREE CUSTOMIZATION

FAQs

Trike Market size was valued at USD 2.66 Billion in 2023 and is poised to grow from USD 2.84 Billion in 2024 to USD 5.1 Billion by 2032, growing at a CAGR of 6.7% during the forecast period (2025-2032).

The market for electric tricycles, often known as e-trikes, is extremely competitive, with major market participants using a variety of tactics to increase their market positions, including product development, collaborations, acquisitions, agreements, and growth. The majority of businesses in the industry are concentrating on growing their regional operations, enhancing their capabilities, and cultivating reliable partner relationships. 'Bajaj Auto Ltd. (India) ', 'Bombardier Recreational Products Inc. (Canada) ', 'Campagna Motors Inc. (Canada) ', 'CFMoto (China) ', 'Delta Trikes (United States) ', 'Elio Motors (United States) ', 'Harley-Davidson, Inc. (United States) ', 'Honda Motor Co., Ltd. (Japan) ', 'ICE Trikes (United States) ', 'Kawasaki Heavy Industries Ltd. (Japan) ', 'KMX Karts Ltd. (United Kingdom) ', 'Lehman Trikes USA (United States) ', 'Piaggio & C. S.p.A. (Italy) ', 'Polaris Inc. (United States) ', 'Qiangsheng Electric Tricycle Factory (China) ', 'Rewaco Spezialfahrzeuge GmbH (Germany) ', 'Suzuki Motor Corporation (Japan) ', 'TerraTrike (United States) ', 'The Champion Trike Conversion Kit (United States) ', 'Yamaha Motor Co., Ltd. (Japan)'

Rising car traffic and more public awareness of pollution and health risks are likely to have the biggest impacts on the market during the coming years. The market will develop due to its hassle free and secure riding properties. It is curated for all age groups to cater diversity. It provides a comfortable and safe ride for elderly to mitigate strain and injuries. Additionally, players are offering genuine products with replacement policies and other similar services, which is projected to present industry players with a growth potential as well as the overall trike market.

Hectic Lifestyle to Aggregate Demand for Trike in Global Market: The majority of urban residents have everyday traffic-related issues, including long vehicle lines and hours spent in jams, which forces consumers to buy a folding bicycle in order to travel within cities in a timely and safe manner. Over the course of the forecast period, rising consumer awareness is anticipated to fuel the trike market's expansion. Due to their hectic schedules and modern lifestyles, people are compelled to work without exercise and eat only junk food, which contributes to their being overweight or obese. Governments and private organisations have urged people to use these foldable bicycles as their main form of transportation in an effort to cut down on pollution, which has contributed to the rise of the trike market during the anticipated period.

Geographically, there are four market segments for bicycle front derailleurs: North America, Europe, Asia Pacific, and the rest of the globe. Due to the increase in demand from the young and female population, North America currently accounts for the largest revenue share in the global market. The use of electric trikes is growing in this area due to the expanding trend of trike riding as well as rising fuel emissions from conventional cars. Due to the existence of significant important companies and the increasing uptake of these motorcycles by the younger generation in this region, Europe owns the second-largest share of the global market. Additionally, the governments of several nations in this region are promoting the use of electric vehicles and transportation in an effort to reduce the rising levels of air pollution brought on by gasoline emissions! Due to its residents' increasing urbanization, higher living standards, and higher income levels, Asia Pacific is likewise exhibiting continuous expansion in the worldwide market. In order to grow their businesses in the region's growing economies, manufacturers are also making investments. Moreover, it is anticipated that the trike market in this area will grow as a result of the rising acceptance and advancement of motorcycle technology, particularly in nations like India, China, and Japan.

Request Free Customization

Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.

Click here right-arrow
logo-images

Related Reports

Bicycle Market
Buy Now GET FREE SAMPLE
Trichlorosilane Market
Buy Now GET FREE SAMPLE
Motorcycle Market
Buy Now GET FREE SAMPLE
Triathlon Clothing Market
Buy Now GET FREE SAMPLE
Used Bike Market
Buy Now GET FREE SAMPLE
E-Bike Market
Buy Now GET FREE SAMPLE
Pizza Oven Market
Buy Now GET FREE SAMPLE
Flywheels Market
Buy Now GET FREE SAMPLE

Feedback From Our Clients

Global Trike Market
Trike Market

Report ID: SQSG25C2016

[email protected]
USA +1 351-333-4748

BUY NOW GET FREE SAMPLE