Status : Published Published On : Dec, 2023 Report Code : VRAT4057 Industry : Automotive & Transportation Available Format : Page : 84
2025
2030

Malaysia Electric Three-wheeler Market – Analysis and Forecast (2025-2030)

Industry Insights by Product (E-Rickshaw, E-Auto, Others) By Type (Passenger Vehicle, Load Carrier), by Motor Power (<1,000 W, 1,000-1,500 W, >1,500 W)

Industry Overview

The Malaysian Electric Three-Wheeler Market is predicted to grow at 14.8% CAGR during the forecast period, in terms of its fleet size. The Malaysian market is still nascent; however, the increasing popularity of electric three-wheelers among transport companies and vehicle owners for their low maintenance requirement is anticipated to create ample growth opportunities in the coming years.

Malaysia Electric Three-Wheeler Market

Market Segmentation

Insight by Product

Based on product, the electric three-wheeler market is segmented into e-rickshaws, e-auto, and others. E-rickshaws are the most preferred three-wheeler category. E-rickshaws are the typical three-wheelers with a top speed of around 25km/hr. These are alternatives to conventional pull rickshaws with pedals and auto rickshaws. A typical e-rickshaw carries 4+1 or 3 passengers at a time.

Insight by Type

Based on type, the market is categorized into passenger vehicles and load carriers. Passenger vehicles hold a larger share in the market, whereas load carrier electric three-wheelers are also anticipated to witness significant growth during the forecast period.

Insight by Motor Power

Based on motor power, the market is segmented into 1,500 W. Of all, 1,000-1,500 W powered three-wheelers hold the largest share in the Malaysian market. The highest share of the 1,000-1,500 W powered three-wheelers in the market is due to the optimum performance and cost of the vehicle at this power.

MALAYSIA ELECTRIC THREE-WHEELERS MARKET HIGHLIGHT
Malaysia Electric Three-Wheeler Market

Industry Dynamics

The Malaysian electric three-wheelers market is primarily driven by the anticipated government initiatives in the coming years along with increasing demand for low-emission alternatives to conventional auto rickshaws. The Malaysian government has yet to frame an optimistic environment for electric vehicle manufacturers in the country.

The country discontinued incentives for electric vehicles in 2014 and this hampers the rapid growth of the market, however, the ambitious plan of the government in the government in coming years creates an optimistic scenario in the country for manufacturers. The country had set out the target to support the adoption of over 100,000 EVs by 2020.

Moreover, the government plans to grow and develop electric vehicle charging infrastructure is also anticipated to support the growth of the Malaysian electric three-wheeler market in the coming years. The government-owned Malaysian Green Technology plans to install 25,000 electric vehicle charging stations across the country.

The Malaysian electric vehicle industry is optimistic about the adoption of these vehicles in the coming years. With the increasing traction among local manufacturers, it is anticipated that the cost of electric vehicles will be significantly lower in the coming years as compared to imported vehicles from other countries. Moreover, the falling battery prices will also support the adoption of electric three-wheelers in the country during the forecast period.

Global Malaysia Electric Three-wheeler Market Report Coverage

Report Metric

Details

Historical Period

2018 - 2023

Base Year Considered

2024

Forecast Period

2025 - 2030

Market Size in 2023

U.S.D.   Billion

Revenue Forecast in 2030

U.S.D.   Billion

Growth Rate

%

Segments Covered in the Report

Report Scope

Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Impact of COVID-19; Companies’ Strategic Developments; Market Share Analysis of Key Players; Company Profiling

Regions Covered in the Report

Competitive Insight

The report offers competitive insight into the players offering electric three-wheelers, OEMs, or components manufacturers for these vehicles. Product and services, recent developments, and financial highlights for the players operating in the Malaysian electric three-wheelers market.

The Malaysia Electric Three-Wheeler Market report offers a comprehensive market segmentation analysis along with an estimation for the forecast period 2025–2030.

Segments Covered in the Report

  • Product
    • E-Rickshaw
    • E-Auto
    • Others
  • Type
    • Passenger Vehicle
    • Load Carrier
  • Motor Power
    • 1,000-1,500W
    • >1,500W

 

PRIMARY RESEARCH INTERVIEWS - BREAKDOWN
Malaysia Electric Three-Wheeler Market

Frequently Asked Questions

Based on type, the market is categorized into passenger vehicles and load carriers. Passenger vehicles hold a larger share in the market, whereas load carrier electric three-wheelers are also anticipated to witness significant growth during the forecast period.
Based on product, electric three-wheelers market is segmented into e-rickshaw, e-auto, and others. E-rickshaws are the most preferred three-wheeler category.
Malaysia Electric Three-wheeler Market forecast period is (2025-2030)
The Malaysian electric three-wheeler market is predicted to grow at 14.8% CAGR during the forecast period,
On the basis of motor power, the market is segmented into1,500 W. Of all, 1,000-1,500 W powered three-wheelers hold the largest share in the Malaysian market.

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Research Methodology

  •  Desk Research / Pilot Interviews
  •  Build Market Size Model
  •  Research and Analysis
  •  Final Deliverabvle

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