Quadricycle and Tricycle Market Share

Statistics for the 2023 & 2024 Quadricycle and Tricycle market share, created by Mordor Intelligence™ Industry Reports. Quadricycle and Tricycle share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Quadricycle and Tricycle Industry

The quadricycle and tricycle market is moderately consolidated owing to the significant share occupied by global players and the active presence of regional players. Aixam-Mega, Casalini SRL, and Renault are some of the global players in the market. The market is witnessing positive developments as various governments accept the need for these small electric vehicles to support electrification. Manufacturers are launching new models to stay abreast of their competition.

In December 2021, Mahindra Electric announced plans to introduce at least four new vehicles over the next three years, including one in a new quadricycle category. The company is focusing on developing electric three-wheelers for passengers and freight with increased range and payload capacity, as well as an electric quadricycle.

In October 2021, Citroen launched its Ami Cargo electric quadricycle in Europe. The Citroen Ami is the commercial version of the mini Ami electric LCV weighing less than 425 kg. It is powered by a 5.5-kWh lithium-ion pack, which supplies energy to an electric motor of 8 BHP.

Quadricycle and Tricycle Market Leaders

  1. Groupe Renault

  2. Ligier Group

  3. Aixam-Mega

  4. Bajaj Auto Ltd.

  5. Mahindra and Mahindra

*Disclaimer: Major Players sorted in no particular order

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Quadricycle and Tricycle Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)