Vietnam Electric Three Wheeler Market Size & Outlook
The electric three wheeler market in Vietnam is expected to reach a projected revenue of US$ 106.5 million by 2033. A compound annual growth rate of 6.3% is expected of Vietnam electric three wheeler market from 2026 to 2033.
Revenue, 2025 (US$M)
$65.2
Estimate, 2026 (US$M)
$69.3
Forecast, 2033 (US$M)
$106.5
CAGR, 2026 - 2033
6.3%
Global Market
Related Markets
Vietnam electric three wheeler market highlights
- The Vietnam electric three wheeler market generated a revenue of USD 65.2 million in 2025 and is expected to reach USD 106.5 million by 2033.
- The Vietnam market is expected to grow at a CAGR of 6.3% from 2026 to 2033.
- In terms of segment, litium-ion was the largest revenue generating battery in 2025.
- Litium-ion is the most lucrative battery segment registering the fastest growth during the forecast period.
Electric three wheeler market data book summary
| Market revenue in 2025 | USD 65.2 million |
| Market revenue in 2033 | USD 106.5 million |
| Growth rate | 6.3% (CAGR from 2026 to 2033) |
| Largest segment | Litium-ion |
| Fastest growing segment | Litium-ion |
| Historical data | 2021 - 2024 |
| Base year | 2025 |
| Forecast period | 2026 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Litium-ion, Lead Acid |
Other key industry trends
- In terms of revenue, Vietnam accounted for 4.1% of the global electric three wheeler market in 2025.
- Country-wise, India is expected to lead the global market in terms of revenue in 2033.
- In Asia Pacific, India electric three wheeler market is projected to lead the regional market in terms of revenue in 2033.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 282.2 million by 2033.
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Publish Date: May 12, 2026
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Electric Three Wheeler Market Scope
Electric Three Wheeler Market segmentation & scope
Electric Three Wheeler Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Piaggio & C. SpA | View profile | 5,925 | Viale Rinaldo Piaggio, 25, Pontedera, Pisa, Italy, 56025 | www.piaggiogroup.com |
| Terra Motors | View profile | 51-100 | Tokyo, Tokyo, Japan, Asia | terramotors.co.jp/ |
| Atul Auto | View profile | 1001-5000 | Rajkot, Gujarat, India, Asia | atulauto.co.in/ |
| Mahindra Electric Mobility | View profile | 101-250 | Bangalore, Karnataka, India, Asia | www.mahindraelectric.com |
| Omega | View profile | 1-10 | Miami, Florida, United States, North America | www.omega.xyz |
| Gayam Motor Works | View profile | 11-50 | Hyderabad, Telangana, India, Asia | www.gayammotorworks.com |
| bodo | View profile | 51-100 | Kyiv, Kyyiv, Ukraine, Europe | www.bodo.ua |
| Euler Motors | View profile | 101-250 | New Delhi, Delhi, India, Asia | www.eulermotors.com |
| E-Tuk Factory | View profile | 11-50 | Utrecht, Utrecht, The Netherlands, Europe | etukfactory.com/ |
Vietnam Electric Three Wheeler Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Electric Three Wheeler Market Outlook will help companies and investors design strategic landscapes.
Litium-Ion was the largest segment with a revenue share of 51.38% in 2025.
Horizon Databook has segmented the Vietnam electric three wheeler market based on litium-ion, lead acid covering the revenue growth of each sub-segment from 2021 to 2033.
- Vietnam Electric Three Wheeler Market Battery Outlook (Revenue, USD Million , 2021-2033)
- Litium-ion
- Lead Acid
- Others
- Vietnam Electric Three Wheeler Market Power Type Outlook (Revenue, USD Million , 2021-2033)
- Upto 1000W
- 1000W to 1500W
- Above 1500W
- Vietnam Electric Three Wheeler Market End Use Outlook (Revenue, USD Million , 2021-2033)
- Passenger Carrier
- Goods Carrier
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Horizon Databook provides a detailed overview of country-level data and insights on the Vietnam Electric Three Wheeler Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Vietnam Electric Three Wheeler Market Outlook from 2021 to 2033, including revenue numbers, major trends, and company profiles.
Vietnam Electric Three Wheeler Market, 2021-2033 (US$M)
Vietnam Battery - Electric Three Wheeler Market Statistics, 2025 - 2033 (Thousand Units)
