Several Government Initiatives Coupled with Innovative Technology to Make Public Commute Cheaper has Stimulated Growth in India Electric 3W Market: Ken Research

E- 3 Wheeler Industry Dynamics: The government support and subsidies, entrance of new entrants in the market and need for the alternative transport system to curb vehicular emissions are the key factor fueling the demand for the electric-three wheelers market in India. The government of India has committed to lower the vehicular emission by 2020 which leads to immediate measures to replace the conventional modes of transport with electric vehicles. As per the Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles II (FAME-II) scheme, the government will invest ₹ 5,500 crores in the next five years. Phase-II of FAME India Scheme is being implemented with a total budgetary support of ₹ 10,000 crores. As per the scheme the government will provide incentives of ₹3,300 to ₹ 61,000 for electric three-wheelers. Apart from the measures at the national level, several state governments (Delhi, West Bengal, Kerala, etc.) have also implemented schemes to promote electric three-wheelers in their states. However, unregulated on-road e-rickshaws are hampering the growth of the market to some extent.

Alternate Eco-Friendly Mobility Option: India ranked 168th out of 180 countries in “The Environmental Performance Index (EPI), 2020” which says country faces serious environmental health risks, including poor air quality. India’s CO2 emissions rate is increasing every year owing to the emission of toxic gases by fuel-based vehicles. Therefore, the Government of India is now focusing more on EVs such as three-wheeler vehicles and introducing policies such as FAME 1 and FAME 2. These initiatives would help improve air quality besides favoring the market during the forecast period. Electric auto-rickshaws (e-autos) emit zero tailpipe emission and make no noise while meeting people's transportation needs. Furthermore, the fact that an electric three-wheeler has lower maintenance and running costs then an internal combustion engine vehicle is likely to propel the growth of the industry in the coming years.

Challenges in Adoption of E-3 Wheelers: One of the biggest restraints for the success of deploying the electric vehicle three-wheeler market in India is the lack of adequate charging infrastructure. India’s EV charging infrastructure is still at a nascent stage at present and has yet to catch up to meet the country's needs. This particular factor is severely hampering the acceptance of EVs in India. Proposing land is a major challenge in any metro city as charging stations need reserved space not just for the setup, but also for parking spaces so that multiple vehicles can park and use the charging station. Moreover, electric three-wheelers are significantly more expensive than fossil fuel powered three-wheelers, owing to the high cost of batteries. This, in turn, is anticipated to hinder the electric three-wheeler market in the near future.

Analysts at Ken Research in their latest publication “India Electric 3W Market Outlook to 2025- By Wheeler Type (Passenger, Goods, Personal), By Vehicle Category (Transport and Non-Transport), Registration by Region (North, East, West, South) and Registration by State” observed that the electric 3 wheeler market in India has a great potential to grow supported by numerous government initiatives.  The electric three-wheelers would offer the lowest cost of transportation, with e-commerce delivery coming in and a higher need for last-mile connectivity solution As per EV market forecast by Frost and Sullivan, e-rickshaws, e-autos and e-two wheelers are the most promising segments for electrification in India and are expected to account for over four-million units by 2025. At the early phase of transition, when the support infrastructure hasn’t matured enough, financial incentives as well as non-financial incentives can help forge the transition to e-3Ws. Policy instruments such as scrappage incentives will further aid in accelerating the adoption of e-3W.

Key Segments Covered:-

By Wheeler Type

Passenger

Goods

Personal

By Vehicle Category

Transport

Non-Transport

Registration by Region

North

East

West

South

Registration by State:-

3 Wheeler Makers Covered:-

Bajaj Auto Ltd

Piaggio Vehicles Pvt Ltd

Atul Auto Ltd

Mahindra & Mahindra Limited

Yc Electric Vehicle

Tvs Motor Company Ltd

J. S. Auto (P) Ltd

Continental Engines Pvt Ltd

Saera Electric Auto Pvt Ltd

Mahindra Reva Electric Vehicles Pvt Ltd

Vani Electric Vehicles Pvt Ltd

Champion Poly Plast

Terra Motors India Pvt Ltd

Dilli Electric Auto Pvt Ltd

G.K. Rickshaw

Best Way Agencies Pvt Ltd

Thukral Electric Bikes Pvt Ltd

Scooters India Ltd

Mini Metro Ev L.L.P

Unique International

Grd Motors

Pubang Etron Electric Motor Pvt Ltd

Energy Electric Vehicles

Zeniak Innovation India Ltd

Allfine Industries Pvt Ltd

Delta Autocorp Llp

3 Wheeler Electric Makers Covered:-

YC Electric Vehicle

Mahindra & Mahindra Limited

Saera Electric Auto Pvt Ltd

Mahindra Reva Electric Vehicles Pvt Ltd

Vani Electric Vehicles Pvt Ltd

Champion Poly Plast

Terra Motors India Pvt Ltd

Dilli Electric Auto Pvt Ltd

G.K. Rickshaw

Best Way Agencies Pvt Ltd

Thukral Electric Bikes Pvt Ltd

Mini Metro Ev L.L.P

Unique International

Grd Motors

Pubang Etron Electric Motor Pvt Ltd

Energy Electric Vehicles

Zeniak Innovation India Ltd

J. S. Auto (P) Ltd

Allfine Industries Pvt Ltd

Delta Autocorp Llp

Key Target Audience:-

E-Three Wheeler OEMs

EV Charger Manufacturers

EV Battery Manufacturers

Consultancy Companies

Industry Associations

Regulatory Bodies

Time Period Captured in the Report:-

Historical Period – 2016-2020

Forecast Period – 2020-2025

For More Information on the research report, refer to below link:-

India Electric Three Wheeler Market

Related Reports:-

India Commercial Two Wheeler Market Outlook to 2025: Driven by Changing Shopping Habits of Consumers and Rise in Demand from Tier II & Tier III cities

India Rental Two Wheeler Market Outlook to 2025 - Driven by Introduction of Electric Vehicles and Adoption of Dockless System in Vehicles

India Used Two Wheeler Market Outlook to 2025- Driven by Increase in Workforce Migration and Aversion towards Using Public Transportation

Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249

Increase in Awareness Regarding Cleanliness Expected to Drive Global Services to Buildings and Dwellings Market: Ken Research

 Services to building & dwellings market comprises of the trades of services to building & dwellings and related goods by entities (sole traders, organizations and partnerships) that provide the building and dwellings services for instance pest control, cleaning, landscaping, etc. The services to building & dwellings market includes various industry subsectors, which are duct cleaning services, steam cleaning building exteriors, drain cleaning services, chimney sweep services, chimney cleaning services, gutter cleaning services, swimming pool cleaning & maintenance services, lighting maintenance services, gas systems conversion services, driveway cleaning services, cleaning driveways & parking lots, building exterior cleaning services, snow plowing driveways & parking lots, power washing building exteriors, ventilation duct cleaning services, pressure washing, and among others. Additionally, key component and equipment are used in this industry include spray bottles, vapour cleaning, abrasives, mops, window cleaner, steam mop, dustbins, trolley, brushes, microfiber cloth, box sweeper, degrease, bleach, floor cleaners, ironing board & accessories, bathroom cleaners, laundry cleaners, dustpans, carpet cleaners, mop wringe, brooms, polishing machine and others.

As per study, “Services to Buildings And Dwellings Global Market Report 2020-30: Covid 19 Impact and Recovery” key companies operating in the global services to buildings and dwellings market include Terminix; EcoLab; ABM Industries; Bright View Landscapes, Stanley Steemer among others. Key companies are providing a variety of services to buildings & dwellings and increasingly using Internet-of-Things (IoT) technology for easy monitoring or maintenance of the customer sites. This technology helps the facility mangers to monitor the deficiencies in system and provides information about building & on-going process with the help of motion sensors and video surveillance. IoT devices placed in various buildings, which are programmed to raise the red flags upon a system failures and enables service provider for responding promptly avoiding major breakdowns.

Based on type, services to buildings and dwellings market is segmented as landscaping services, exterminating & pest control services, carpet & upholstery cleaning services, janitorial services and others. In addition, based on mode type, market is bifurcated as offline mode and online mode.

The services to buildings and dwellings market is driven by change in people lifestyle, followed by increase in awareness regarding cleanliness, growth in urbanization development, rise in global population and growth in economic conditions in emerging nations. In comparison, commercial & industrial buildings are the key segment that drives the demand for industry service in the global market.

Based on geography, the global services to buildings and dwellings market is categorized as North-America, Asia-Pacific, Europe and rest of the world. Industries in North-America (United States) dominate the global market in the terms of offering efficient services as well as revenue generation. The Asia-Pacific and European regions are estimated to witness higher growth rate due to wide range of customer segmentation coupled with emerging economic conditions over the forecast period. It is predicted that future of the global services to buildings and dwellings market will be optimistic as a result of increase in cleaning concerns caused by rise in pandemic diseases during the forecast period.

For More Information, Click on the Link Below:-

Global Services to Buildings and Dwellings Market

Related Report:-

Services to Buildings and Dwellings Global Market Report 2019

Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249

India Electric Three Wheeler Market Outlook to 2025: Ken Research

The report titled “India Electric Three Wheeler Market Outlook to 2025- By Wheeler Type (Passenger, Goods, Personal), By Vehicle Category (Transport and Non-Transport), Registration by Region (North, East, West, South) and Registration by State” provides a comprehensive analysis of adoption of electric three wheeler in the India. The report covers various aspects including the electric 3 wheeler registrations (in units), market segmentation by wheeler type (passenger, goods, personal), by vehicle category (transport and non-transport), registration by region (north, east, west and south) and registration by states. The report also covers 3 wheeler industry dynamics with focus of registration volume, vehicle type, fuel type, market share, registration by region etc.) in India. Moreover, the report also covers the overall competitive landscape and growth drivers and trends and government role and regulations. The report concludes with market projection for future, Covid-19 impact, analysts’ take on the future and case studies highlighting the major opportunities.

India Electric 3 Wheeler Market Overview and Size

The continuous technological advancement, along with the development of innovative solutions to complement the reduction of harmful greenhouse gas emission, has significantly pushed the three-wheeler market to look into future modes of propulsion. Additionally, three wheelers require low maintenance & have lower cost of ownership, contributing to the increased share of the three wheeler market in India. Moreover, latest electric three-wheeler vehicles contain plug-in charging options, while earlier, the battery of the three-wheel was charged after removing it from the vehicle. The growing concern over air pollution is pushing the automobile industry to reduce its carbon footprint, bolstering the need for electric three-wheelers in the market. Additionally, the market is primarily driven by strict emission norms/regulations, government incentives, and increasing environmental awareness. Currently, the e-3W market is dominated by e-rickshaws as compared to e-autos.

India Electric 3 Wheeler Market Segmentations

By Wheeler Type: Passenger vehicles held the dominant share of the market in FY2020 and the trend is likely to continue through the future. Goods carriers are mainly small vans or trucks that are used for carrying small-scale industrial loads from one place to another. The growth of passenger vehicle is due to the use of passenger carrier for the movement of people as the country has poor road infrastructure and three wheelers are prominently used for last mile connectivity.

By Vehicle Category: Electric three wheelers in India are mainly transport vehicles i.e. they are mainly goods or passenger carrier. Non-transport vehicles are only those 3 wheelers that are used for personal purpose.

Registration by Region & State: Northern & Eastern regions accounts for majority of the electric 3 wheeler registrations in India. These regions are the fastest-growing market as many automotive industries are setting up their manufacturing units in this region. Apart from the measures at the national level, several state governments are also committed to promoting electric three-wheelers in their states to drive market growth. Government of Uttar Pradesh, Delhi, Bihar and West Bengal has taken several initiatives to promote the usage for Electric 3-wheeler.

Competitive Landscape of India Electric Three Wheeler Market

The competition in the electric 3 wheeler market in India is highly fragmented where leading 10-12 manufacturers hold less than 50% share in the market. The major e-3 wheelers include YC Electric Vehicle, Mahindra & Mahindra Ltd, Saera Electric Auto Pvt Ltd, Mahindra Reva Electric Vehicles Pvt Ltd, Vani Electric Vehicles Pvt Ltd, Champion Poly Plast, Terra Motors India Pvt Ltd, Dilli Electric Auto Pvt Ltd, G.K. Rickshaw, Best Way Agencies Pvt Ltd and few others. However, the 3 wheelers market is highly concentrated as the majority of the market share is composed by the top 2-3 players. Production Capacity, Pricing, Battery Type, Range, Speed, Technology, Maintenance Cost, Export Volume are the key competing parameters for the e-3 wheeler manufactures.

India Electric Three Wheeler Market Future Outlook and Projections

Electric three vehicles will account for 65-75% of new three-wheeler (3W) sales by 2030. Electric three-wheelers are increasingly being adopted by various courier companies for providing last-mile postal services and reducing carbon emissions at the same time. Besides, push by the government in form of subsidies under FAME II scheme is expected to further push the sales of electric 3-wheeler. Numerous technological advancements such as GPS navigation, remote sensors, anti-theft locking systems, etc., are further expected to drive the market growth in the coming years. E-3Ws are economically competitive especially with higher vehicular utilization; this is contingent on a well-distributed charging infrastructure network that reduces dead kilometers, and innovative systems such as battery swapping which cuts down the time spent in battery charging. At the early phase of transition, when the support infrastructure hasn’t matured enough, financial incentives as well as non-financial incentives can help forge the transition to e-3Ws. Policy instruments such as scrappage incentives will further aid in accelerating the adoption of e-3Ws.

Key Segments Covered:-

By Wheeler Type

Passenger

Goods

Personal

By Vehicle Category

Transport

Non-Transport

Registration by Region

North

East

West

South

Registration by State:-

3 Wheeler Makers Covered:-

Bajaj Auto Ltd

Piaggio Vehicles Pvt Ltd

Atul Auto Ltd

Mahindra & Mahindra Limited

Yc Electric Vehicle

Tvs Motor Company Ltd

J. S. Auto (P) Ltd

Continental Engines Pvt Ltd

Saera Electric Auto Pvt Ltd

Mahindra Reva Electric Vehicles Pvt Ltd

Vani Electric Vehicles Pvt Ltd

Champion Poly Plast

Terra Motors India Pvt Ltd

Dilli Electric Auto Pvt Ltd

G.K. Rickshaw

Best Way Agencies Pvt Ltd

Thukral Electric Bikes Pvt Ltd

Scooters India Ltd

Mini Metro Ev L.L.P

Unique International

Grd Motors

Pubang Etron Electric Motor Pvt Ltd

Energy Electric Vehicles

Zeniak Innovation India Ltd

Allfine Industries Pvt Ltd

Delta Autocorp Llp

3 Wheeler Makers Covered:-

YC Electric Vehicle

Mahindra & Mahindra Limited

Saera Electric Auto Pvt Ltd

Mahindra Reva Electric Vehicles Pvt Ltd

Vani Electric Vehicles Pvt Ltd

Champion Poly Plast

Terra Motors India Pvt Ltd

Dilli Electric Auto Pvt Ltd

G.K. Rickshaw

Best Way Agencies Pvt Ltd

Thukral Electric Bikes Pvt Ltd

Mini Metro Ev L.L.P

Unique International

Grd Motors

Pubang Etron Electric Motor Pvt Ltd

Energy Electric Vehicles

Zeniak Innovation India Ltd

J. S. Auto (P) Ltd

Allfine Industries Pvt Ltd

Delta Autocorp Llp

Key Target Audience:-

E-Three Wheeler OEMs

EV Charger Manufacturers

EV Battery Manufacturers

Consultancy Companies

Industry Associations

Regulatory Bodies

Time Period Captured in the Report:-

Historical Period – 2016-2020

Forecast Period – 2020-2025

Key Topics Covered in the Report:-

India E - 3 Wheeler Registration Volumes

India E - 3 Wheeler Type (in Units)

India E - 3 Wheeler Vehicle Category (in Units)

India E - 3 Wheeler Vehicle Registration by Region

India E - 3 Wheeler Vehicle Registration by State

India E - 3 Wheeler Maker Market Share

India 3 Wheeler Registration Volume

India 3 Wheeler Type (in Units)

India 3 Wheeler Vehicle Category (in Units)

India 3 Wheeler Vehicle Registration by Region

India 3 Wheeler Vehicle Registration by State

India 3 Wheeler Maker Market Share

Future Market Size and Segmentations, 2020-2025F

For More Information on the research report, refer to below link:-

India Electric Three Wheeler Market

Related Reports:-

India Commercial Two Wheeler Market Outlook to 2025: Driven by Changing Shopping Habits of Consumers and Rise in Demand from Tier II & Tier III cities

India Rental Two Wheeler Market Outlook to 2025 - Driven by Introduction of Electric Vehicles and Adoption of Dockless System in Vehicles

India Used Two Wheeler Market Outlook to 2025- Driven by Increase in Workforce Migration and Aversion towards Using Public Transportation

Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249

Effective Growth in Trends of Worldwide Baby Food Market Outlook: Ken Research

 The worldwide baby food market is projected to account growth over the forecast duration. Baby food is simply expended and soft food which is precisely made for infants to toddlers, nearly between six months to two years of age. The Baby food is accessible in multiple tastes, varieties, and methods. It can be table food that has been squashed or can be willingly available and acquired from producers. The worldwide baby food market has been observing the fast growth owing to an augment in the number of working women, also an augment in parental apprehensions for nutrition. Professionally made baby food has supported functioning women manage their time. 

Although, the Modern lifestyles and an augment in disposable income has occasioned in an increase in requirement for baby food. The effective growth in worldwide urbanization may be a foremost opportunity for the players. New product development is projected to attract more customers. Deduction in birth rates and milk intolerance in babies may pose unadorned challenge for baby food market.

Whereas, one of the noteworthy factors towards the growth of ready to eat baby food is the demanding lifestyle, augmenting the number of working women and growing disposable income amongst the individual. With the consumers' hectic, work-oriented and hectic lifestyle, they have very less duration to cook food. Therefore, they desire ready to eat baby food products which propel the growth of the market. Nowadays, owing to advancement in technology individual have become lazy and therefore don't want to prepare the food for their babies at their home as it requires lots of hard labor and time. This can be one of the foremost factor propelling the growth of ready to mix baby food market. Not only has this, the inconvenience in purchasing the fresh fruits and vegetables to cook and lower accessibility is another major factor propelling market requirement for the ready to eat baby food market. 

Majority of the parent desire home-cooked baby food linked to packaged baby food for their infants. However, this trend has transformed owing to the time constraints for food preparation owing to augmented participation of women at workplace and augmenting the concerns about the nutritional value of home-cooked food. Nonetheless, great price of the baby food products have limited their acceptance amongst the middle-income groups. Furthermore, the home-cooked food is favored by consumers duel in the rural and isolated regions, owing to shortage of awareness about such products. However, profile-raising campaigns and inexpensive baby food products would lead to entire augment in the revenue generation of the market. 

On the basis of region, the Asia-Pacific registered the worldwide baby food market throughout the baby food market review period. The great birth rates and increasing purchasing power of populace in the Asia-Pacific region have suggestively fostered the requirement of the baby food and milk formula-based products around this region. Intensive R&D activities by several corporates in the baby food segment would assistance the companies to suggest the affordable baby food products in this region. The Baby food products comprise the milk powder, cereals, snacks and dissimilar ready-to-drink fresh fruits and vegetables juices.

For More Information, Click on the Link Below:-

Baby Food Market

Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249