| Product Code: ETC5888155 | Publication Date: Nov 2023 | Updated Date: Jan 2026 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Imports of electric 3-wheelers in Armenia experienced a decline in 2023-2024, with a negative growth rate of -27.27%. This trend contributed to the overall stagnant Compound Annual Growth Rate (CAGR) of effectively zero between 2020-2024 in the Armenia market.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Armenia Electric 3-Wheeler Market Overview |
3.1 Armenia Country Macro Economic Indicators |
3.2 Armenia Electric 3-Wheeler Market Revenues & Volume, 2021 & 2031F |
3.3 Armenia Electric 3-Wheeler Market - Industry Life Cycle |
3.4 Armenia Electric 3-Wheeler Market - Porter's Five Forces |
3.5 Armenia Electric 3-Wheeler Market Revenues & Volume Share, By End-Use, 2021 & 2031F |
3.6 Armenia Electric 3-Wheeler Market Revenues & Volume Share, By Motor Power, 2021 & 2031F |
3.7 Armenia Electric 3-Wheeler Market Revenues & Volume Share, By Battery Capacity, 2021 & 2031F |
3.8 Armenia Electric 3-Wheeler Market Revenues & Volume Share, By Range, 2021 & 2031F |
3.9 Armenia Electric 3-Wheeler Market Revenues & Volume Share, By Battery Type, 2021 & 2031F |
3.10 Armenia Electric 3-Wheeler Market Revenues & Volume Share, By Payload Capacity, 2021 & 2031F |
4 Armenia Electric 3-Wheeler Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing government support and incentives for electric vehicles in Armenia |
4.2.2 Growing environmental awareness and focus on reducing carbon emissions |
4.2.3 Rising fuel prices leading to higher demand for electric vehicles |
4.3 Market Restraints |
4.3.1 High initial cost of electric 3-wheelers compared to traditional vehicles |
4.3.2 Limited charging infrastructure for electric vehicles in Armenia |
4.3.3 Lack of awareness and understanding about the benefits of electric 3-wheelers |
5 Armenia Electric 3-Wheeler Market Trends |
6 Armenia Electric 3-Wheeler Market Segmentations |
6.1 Armenia Electric 3-Wheeler Market, By End-Use |
6.1.1 Overview and Analysis |
6.1.2 Armenia Electric 3-Wheeler Market Revenues & Volume, By Passenger Carrier, 2021-2031F |
6.1.3 Armenia Electric 3-Wheeler Market Revenues & Volume, By Load Carrier, 2021-2031F |
6.2 Armenia Electric 3-Wheeler Market, By Motor Power |
6.2.1 Overview and Analysis |
6.2.2 Armenia Electric 3-Wheeler Market Revenues & Volume, By Below 1,000 W, 2021-2031F |
6.2.3 Armenia Electric 3-Wheeler Market Revenues & Volume, By 1,000-1,500 W, 2021-2031F |
6.2.4 Armenia Electric 3-Wheeler Market Revenues & Volume, By Above 1,500 W, 2021-2031F |
6.3 Armenia Electric 3-Wheeler Market, By Battery Capacity |
6.3.1 Overview and Analysis |
6.3.2 Armenia Electric 3-Wheeler Market Revenues & Volume, By Below 3 kWh, 2021-2031F |
6.3.3 Armenia Electric 3-Wheeler Market Revenues & Volume, By 3-6 kWh, 2021-2031F |
6.3.4 Armenia Electric 3-Wheeler Market Revenues & Volume, By Above 6 kWh, 2021-2031F |
6.4 Armenia Electric 3-Wheeler Market, By Range |
6.4.1 Overview and Analysis |
6.4.2 Armenia Electric 3-Wheeler Market Revenues & Volume, By Up to 50 Miles, 2021-2031F |
6.4.3 Armenia Electric 3-Wheeler Market Revenues & Volume, By Above 50 Miles, 2021-2031F |
6.5 Armenia Electric 3-Wheeler Market, By Battery Type |
6.5.1 Overview and Analysis |
6.5.2 Armenia Electric 3-Wheeler Market Revenues & Volume, By Lead-acid Battery, 2021-2031F |
6.5.3 Armenia Electric 3-Wheeler Market Revenues & Volume, By Lithium-ion Battery, 2021-2031F |
6.5.4 Armenia Electric 3-Wheeler Market Revenues & Volume, By Other, 2021-2031F |
6.6 Armenia Electric 3-Wheeler Market, By Payload Capacity |
6.6.1 Overview and Analysis |
6.6.2 Armenia Electric 3-Wheeler Market Revenues & Volume, By Up to 300 kg, 2021-2031F |
6.6.3 Armenia Electric 3-Wheeler Market Revenues & Volume, By 300-500 kg, 2021-2031F |
6.6.4 Armenia Electric 3-Wheeler Market Revenues & Volume, By Above 500 kg, 2021-2031F |
7 Armenia Electric 3-Wheeler Market Import-Export Trade Statistics |
7.1 Armenia Electric 3-Wheeler Market Export to Major Countries |
7.2 Armenia Electric 3-Wheeler Market Imports from Major Countries |
8 Armenia Electric 3-Wheeler Market Key Performance Indicators |
8.1 Average daily usage of charging stations |
8.2 Number of government initiatives supporting electric vehicle adoption |
8.3 Percentage of total vehicles on the road that are electric-powered |
9 Armenia Electric 3-Wheeler Market - Opportunity Assessment |
9.1 Armenia Electric 3-Wheeler Market Opportunity Assessment, By End-Use, 2021 & 2031F |
9.2 Armenia Electric 3-Wheeler Market Opportunity Assessment, By Motor Power, 2021 & 2031F |
9.3 Armenia Electric 3-Wheeler Market Opportunity Assessment, By Battery Capacity, 2021 & 2031F |
9.4 Armenia Electric 3-Wheeler Market Opportunity Assessment, By Range, 2021 & 2031F |
9.5 Armenia Electric 3-Wheeler Market Opportunity Assessment, By Battery Type, 2021 & 2031F |
9.6 Armenia Electric 3-Wheeler Market Opportunity Assessment, By Payload Capacity, 2021 & 2031F |
10 Armenia Electric 3-Wheeler Market - Competitive Landscape |
10.1 Armenia Electric 3-Wheeler Market Revenue Share, By Companies, 2024 |
10.2 Armenia Electric 3-Wheeler Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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