Thailand Electric Three-wheeler Market

Industry Overview

The Thailand Electric Three-Wheeler Market is predicted to grow at 43.3% CAGR during the forecast period, in terms of its fleet size.

The Thailand market is anticipated to grow in the coming years because non-government organizations are supporting and fueling electric vehicle adoption.

Thailand Electric Three-wheeler Market Report Coverage

Thailand Electric Three-Wheeler Industry Dynamics

Thailand Electric Three-Wheeler Market Trends / Growth Drivers

The profit and non-government organizations are showing interest in the adoption of electric vehicles in the country; thus initiating programs to support and create an optimistic environment for the industry players to invest in the Thailand electric vehicle industry. This is expected to directly support the growth of the electric three-wheelers market in the country. Moreover, the government in Thailand has started taking initiatives to support the growth of the electric vehicles industry in the country. The long-term vision of the government to adopt electric vehicles as a substitute for conventional road transport will create huge traction for the global electric three-wheeler industry players and local players to invest in the Thailand market to grab the immense revenue growth opportunity. The government in Thailand plans to run 1.2 million electric vehicles and 690 charging stations in the country by 2036. The Thailand Automotive Institute has signed a letter of intent with Japan External Trade Organization (JETRO) for talks on next-generation vehicles to develop the EV industry in Thailand.

Thailand Electric Three-Wheeler Market Restraints:

High initial cost of the vehicle, limited knowledge about benefits of electric vehicles, laick of charging infrastructure are the factors hampering the growth of the electric three wheeler market in Thailand.

Thailand Electric Three-Wheeler Market Segmentation

VynZ Research provides an analysis of the key trends in each segment of the Thailand Electric Three-Wheeler Market report, along with forecasts at the regional and country levels from 2025-2030. Our report has categorized the market based on product, type, motor power and driving range.

Insight by Product

Based on product, the electric three-wheelers 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 of the market due to the high preference for these vehicles in intracity transport within metropolitan cities.

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 Indian 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.

Insight by Driving Range

The market is segmented based on driving range, as less than 50 miles, 50-100 miles and above 100 miles. The 50-100 miles segment dominated the market during the forecast period. Developments in electric vehicles with dynamic investments by automakers and increasing concerns about environmental pollution are the major factors for the growth of the market.

Geographic Overview

Thailand

Thailand Electric Three-Wheeler Market 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 Thailand electric three-wheelers market.

Somboon Tron Energy Co.,Ltd, a manufacturer of ELECTRIA - electric 3 wheelers vehicle, provide one stop service to enhance Thailand Logistics system. 

Elesco  is reckoned among reliable Electric Vehicle Manufacturers in Thailand. We offer innovative and advanced e-bikes and vehicles that can redefine riding experience. Their eco-friendly nature and performance-rich design have made it highly demanded. With cutting-edge tools and modern machinery, Company has become India's most prominent Electric Vehicle dealers and suppliers designed to fit your unique requirement.

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

PRIMARY RESEARCH INTERVIEWS - BREAKDOWN

1. Research Overview

1.1.  The Report Offers

1.2.  Market Coverage

1.2.1. By Product

1.2.2. By Type 

1.2.3. By Motor Power

1.3.  Research Phases

1.4.  Limitations

1.5.  Market Size Estimations and Forecast

1.5.1. Data Sources

1.5.1.1. Primary Research

1.5.1.2. Secondary Research

1.5.2. Methodology

1.5.2.1. Data Exploration

1.5.2.2. Forecast Parameters

1.5.2.3. Data Validation

1.5.2.4. Assumptions

1.5.3. Study Period & Data Reporting Unit

2. Executive Summary

3. Market Definition

3.1.  By Product

3.1.1. E-Rickshaw

3.1.2. E-Auto

3.1.3. Others

3.2.  By Type

3.2.1. Passenger Vehicles

3.2.2. Load Carriers

3.3.  By Motor Power

3.3.1. <1,000W

3.3.2. 1,000-1,500 W

3.3.3. >1,500W

4. Industry Overview

4.1.  Industry Dynamics

4.1.1. Major Drivers

4.1.2. Major Restraints

4.1.3. Key Trends

4.1.4. Key Opportunities

4.2.  Industry Ecosystem

4.2.1. Value Chain Analysis

4.2.2. Regulatory Framework

4.3.  Competitive Insight

5. Thailand Market Estimate and Forecast

5.1.  By Product

5.2.  By Motor Power

6. Company Profiles

7. Appendix

7.1.  Exchange Rates

7.2.  Abbreviations

List of Tables

Table 1 Sources

Table 2 Study Periods

Table 3 Data Reporting Unit

Table 4 Thailand Electric Three-Wheeler Market Size, By Product, Units (2018 – 2023)

Table 5 Thailand Electric Three-Wheeler Market Size, By Product, Units (2025 – 2030)

Table 6 Thailand Electric Three-Wheeler Market Size, By Product, USD Billion (2018 – 2023)

Table 7 Thailand Electric Three-Wheeler Market Size, By Product, USD Billion (2025 – 2030)

Table 8 Thailand Electric Three-Wheeler Market Size, By Motor Power, Units (2018 – 2023)

Table 9 Thailand Electric Three-Wheeler Market Size, By Motor Power, Units (2025 – 2030)

Table 10 Thailand Electric Three-Wheeler Market Size, By Motor Power, USD Billion (2018 – 2023)

Table 11 Thailand Electric Three-Wheeler Market Size, By Motor Power, USD Billion (2025 – 2030)

List of Figures

Figure 1 Market Coverage

Figure 2 Research Phases

Figure 3 Secondary Sources for Different Parameters

Figure 4 Methodology

Figure 5 Data Mining & Exploration

Figure 6 Data Triangulation

Figure 7 Assumptions for Market Estimation and Forecast

Figure 8 Thailand Electric Three-Wheeler Market - Growth Drivers and Restraints

Figure 9 Value Chain Analysis

Figure 10 Competitive Benchmarking

Figure 11 Thailand Electric Three-Wheeler Market Highlight

Figure 12 Thailand Electric Three-Wheeler Market Size, By Product, Units (2018 - 2030)

Figure 13 Thailand Electric Three-Wheeler Market Size, By Product, USD Billion (2018 - 2030)

Figure 14 Thailand Electric Three-Wheeler Market Size, By Motor Power, Units (2018 - 2030)

Figure 15 Thailand Electric Three-Wheeler Market Size, By Motor Power, USD Billion (2018 - 2030)