Worldwide Three-Wheeler Market Forecast-2024
Global Three-Wheelers Market exhibited a moderate growth during 2014-2018, with value market of over $ 19.4 billion in 2018, and is projected to exhibit a CAGR of 12.8%, to reach $ 39.9 billion by 2024. The growing demand for three-wheelers globally has been backed by their low price, easy manoeuvrability and efficient performance. Moreover, three-wheelers market is anticipated to become more promising, as companies are launching new models according to the customized specifications across different regions. Additionally, rising demand for transportation in regions like Asia-Pacific and Africa along with growing inclination towards last mile delivery of products would further propel growth in the market over the next five years.
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