Electric rickshaws or e-rickshaws, also known as e-tricycles, are cost-effective battery-operated three-wheelers with lower operational and maintenance costs. They comprise a controller, harness, traction motor, batteries, and throttle. They are lightweight, highly durable, resistant to fire, non-conducting, strong, safe, and eco-friendly. In addition, they do not have tailpipes that emit toxic pollutants into the air during operation. Nowadays, e-rickshaws are widely adopted to gain a smooth driving experience on busy and congested roads while reducing vibrations and noise pollution.
The market is primarily driven by the increasing awareness about the benefits of using e-rickshaws as an eco-friendly commuting solution among individuals. This can be attributed to the rising costs of fuels, including petrol, diesel, liquefied petroleum gas (LPG), compressed natural gas (CNG), and bio-diesel across the globe. In addition, the escalating demand and production of electric vehicles as an alternative to fuel-based mobility due to the implementation of numerous government initiatives represents another major-growth inducing factor. Moreover, the considerable growth in the urban population and the consequent demand for cost-effective first- and last-mile transportation is providing a positive thrust to the market growth. Besides this, the rising concerns regarding the depletion of fossil fuels, coupled with lower investment, and increasing end-user affordability, are positively influencing the market growth. Moreover, the market is also propelled by several technological upgrades in batteries and the reducing the cost of batteries and charging stations. Furthermore, leading market players are extensively investing in research and development (R&D) activities to launch enhanced e-rickshaws with powerful motors and fiber-reinforced plastic (FRP) technology, which is a composite material formed of a polymer matrix strengthened with glass fibers. This, coupled with continual product innovations, such as anti-theft locking systems, remote sensors, and global positioning system (GPS) incorporation, is offering lucrative growth opportunities to industry investors, thereby augmenting the market growth.
The report provides a techno-commercial roadmap for setting up an e-rickshaw manufacturing plant. The study covers all the requisite aspects that one needs to know while making a foray into the e-rickshaw industry. This ranges from macro overview of the market to micro details of the industry performance, key success and risk factors, manufacturing requirements, project cost, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake in the e-rickshaw industry.
The project report covers the following aspects of the e-rickshaw market:
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1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Research Methodology
3 Executive Summary
3.1 Market Scenario
3.2 Raw Material Requirements
3.3 Income Projections
3.4 Expenditure Projections
3.5 Profit Analysis
4 Global E-Rickshaw Market
4.1 Market Overview
4.2 Historical and Current Market Performance
4.3 Market Breakup by Segment
4.4 Market Breakup by Region
4.5 Price Trends
4.5.1 Raw Material Price Trends
4.5.2 E-Rickshaw Price Trends
4.5.3 Product Margins
4.6 Market Forecast
5 E-Rickshaw Manufacturing Process
5.1 Product Overview
5.2 Detailed Process Flow
5.3 Various Types of Unit Operations Involved
5.4 Mass Balance and Raw Material Requirements
6 Project Details, Requirements and Costs Involved
6.1 Land, Location and Site Development
6.1.1 Overview of Land Location
6.1.2 Project Planning and Phasing of Development
6.1.3 Environmental Impacts
6.1.4 Land Requirement and Expenditure
6.2 Plant Layout
6.3 Plant Machinery
6.3.1 Machinery Requirements and Costs
6.3.2 Machinery Suppliers
6.3.3 Machinery Pictures
6.4 Raw Materials
6.4.1 Raw Material Requirements
6.4.2 Raw Material Procurement
6.4.3 Raw Material Expenditure
6.4.4 Raw Material Suppliers
6.4.5 Raw Material and Final Product Pictures
6.5 Packaging Requirements and Expenditures
6.6 Transportation Requirements and Expenditures
6.7 Utilities Requirements and Expenditures
6.8 Manpower Requirements and Expenditures
7 Loans and Financial Assistance
8 Project Economics
8.1 Capital Cost of the Project
8.2 Operating Expenses
8.3 Expenditure Projections
8.4 Income Projections
8.5 Product Pricing and Margins
8.6 Taxation
8.7 Depreciation
8.8 Financial Analysis
8.8.1 Liquidity Analysis
8.8.2 Profitability Analysis
8.8.2.1 Payback Period
8.8.2.2 Net Present Value
8.8.2.3 Internal Rate of Return
8.8.2.4 Profit and Loss Account
8.8.3 Uncertainty Analysis
8.8.4 Sensitivity Analysis
9 Regulatory Procedures and Approval
10 Key Success and Risk Factors
List of Figures
Figure 1: Global: E-Rickshaw Market: Major Drivers and Challenges
Figure 2: Global: E-Rickshaw Market: Value Trends (in Million US$), 2017-2022
Figure 3: Global: E-Rickshaw Market Forecast: Value Trends (in Million US$), 2023-2028
Figure 4: Global: E-Rickshaw Market: Breakup by Segment (in %), 2022
Figure 5: Global: E-Rickshaw Market: Breakup by Region (in %), 2022
Figure 6: E-Rickshaw Raw Materials: Price Trends, 2017 & 2022
Figure 7: E-Rickshaw : Price Trends, 2017 & 2022
Figure 8: E-Rickshaw : Margins Across Various Stages of the Supply Chain
Figure 9: E-Rickshaw Manufacturing Plant: Breakup of Operational Costs
Figure 10: E-Rickshaw Price Structure
Figure 11: E-Rickshaw : Manufacturing Process Flow
Figure 12: E-Rickshaw : Manufacturing Process: Conversion Rate of Feedstocks
Figure 13: E-Rickshaw Manufacturing Plant Layout
List of Tables
Table 1: E-Rickshaw Manufacturing Plant: Raw Material Requirements
Table 2: E-Rickshaw Manufacturing Plant: Project Planning
Table 3: E-Rickshaw Manufacturing Plant: Phasing of Development
Table 4: E-Rickshaw Manufacturing Plant: Environmental Impacts During Construction Phase
Table 5: E-Rickshaw Manufacturing Plant: Environmental Impacts During Operation Phase
Table 6: E-Rickshaw Manufacturing Plant: Costs Related to Land and Site Development (in US$)
Table 7: E-Rickshaw Manufacturing Plant: Costs Related to Machinery
Table 8: E-Rickshaw Manufacturing Plant: List of Machinery Suppliers
Table 9: E-Rickshaw Manufacturing Plant: Costs Related to Raw Materials
Table 10: E-Rickshaw Manufacturing Plant: List of Raw Material Suppliers
Table 11: E-Rickshaw Manufacturing Plant: Costs Related to Packaging
Table 12: E-Rickshaw Manufacturing Plant: Costs Related to Utilities
Table 13: E-Rickshaw Manufacturing Plant: Costs Related to Salaries and Wages
Table 14: E-Rickshaw Manufacturing Plant: Capital Costs
Table 15: E-Rickshaw Manufacturing Plant: Operating Costs
Table 16: E-Rickshaw Manufacturing Plant: Taxation
Table 17: E-Rickshaw Manufacturing Plant: Depreciation
Table 18: E-Rickshaw Manufacturing Plant: Income Projections
Table 19: E-Rickshaw Manufacturing Plant: Expenditure Projections
Table 20: E-Rickshaw Manufacturing Plant: Liquidity Analysis Without Considering the Income Tax Liability
Table 21: E-Rickshaw Manufacturing Plant: Liquidity Analysis on Considering the Income Tax Liability
Table 22: E-Rickshaw Manufacturing Plant: Profitability Analysis Without Considering the Income Tax Liability
Table 23: E-Rickshaw Manufacturing Plant: Profitability Analysis on Considering the Income Tax Liability
Table 24: E-Rickshaw Manufacturing Plant: Profit and Loss Account
Table 25: E-Rickshaw Manufacturing Plant: Discount Factor Rate
Table 26: E-Rickshaw Manufacturing Plant: Sensitivity Analysis
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