Core viewpoint: The report points out that the market size of electric tricycles in China will grow from 25.7 billion yuan to 45 billion yuan from 2017 to 2024. Not only will the shipment volume increase, but the average product price will also rise due to the increasing proportion of high-power models. The overall market average price in 2024 will reach 3050 yuan/vehicle. As of the end of 2024, the number of electric tricycles in China is about 70 million, and the annual sales volume remains at around 15 million. However, the domestic industry is facing the challenges of slowing market growth and low gross profit margins, with overseas markets becoming a new growth point. The global sales of electric tricycles are expected to reach 61.86 billion yuan in 2023 and 149.89 billion yuan in 2030. In 2024, China's export volume of electric tricycles will reach 650000 units, with a total export value of nearly 5.5 billion US dollars. India is the largest overseas market.
Report on the Development Status Analysis and Investment Prospects of China's Electric Tricycle Industry (2025-2032)
2025 08/12