| Product Code: ETC5888181 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Cyprus continued to see a significant influx of electric 3-wheeler imports, with top exporting countries including Belgium, South Korea, Sweden, UK, and Ukraine. Despite the high Herfindahl-Hirschman Index (HHI) indicating market concentration, the industry demonstrated rapid growth with a remarkable compound annual growth rate (CAGR) of 52.55% from 2020 to 2024. However, there was a notable decline in the growth rate from 2023 to 2024, showing a decrease of -47.95%. This data suggests a dynamic and evolving landscape for electric 3-wheeler imports in Cyprus.

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 Cyprus Electric 3-Wheeler Market Overview |
3.1 Cyprus Country Macro Economic Indicators |
3.2 Cyprus Electric 3-Wheeler Market Revenues & Volume, 2021 & 2031F |
3.3 Cyprus Electric 3-Wheeler Market - Industry Life Cycle |
3.4 Cyprus Electric 3-Wheeler Market - Porter's Five Forces |
3.5 Cyprus Electric 3-Wheeler Market Revenues & Volume Share, By End-Use, 2021 & 2031F |
3.6 Cyprus Electric 3-Wheeler Market Revenues & Volume Share, By Motor Power, 2021 & 2031F |
3.7 Cyprus Electric 3-Wheeler Market Revenues & Volume Share, By Battery Capacity, 2021 & 2031F |
3.8 Cyprus Electric 3-Wheeler Market Revenues & Volume Share, By Range, 2021 & 2031F |
3.9 Cyprus Electric 3-Wheeler Market Revenues & Volume Share, By Battery Type, 2021 & 2031F |
3.10 Cyprus Electric 3-Wheeler Market Revenues & Volume Share, By Payload Capacity, 2021 & 2031F |
4 Cyprus Electric 3-Wheeler Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Government incentives and subsidies for electric vehicles in Cyprus |
4.2.2 Increasing awareness and demand for eco-friendly transportation options |
4.2.3 Rising fuel prices and environmental concerns driving adoption of electric vehicles |
4.3 Market Restraints |
4.3.1 Limited charging infrastructure for electric vehicles in Cyprus |
4.3.2 High initial cost of electric 3-wheelers compared to conventional vehicles |
4.3.3 Concerns about battery range and performance in electric vehicles |
5 Cyprus Electric 3-Wheeler Market Trends |
6 Cyprus Electric 3-Wheeler Market Segmentations |
6.1 Cyprus Electric 3-Wheeler Market, By End-Use |
6.1.1 Overview and Analysis |
6.1.2 Cyprus Electric 3-Wheeler Market Revenues & Volume, By Passenger Carrier, 2021-2031F |
6.1.3 Cyprus Electric 3-Wheeler Market Revenues & Volume, By Load Carrier, 2021-2031F |
6.2 Cyprus Electric 3-Wheeler Market, By Motor Power |
6.2.1 Overview and Analysis |
6.2.2 Cyprus Electric 3-Wheeler Market Revenues & Volume, By Below 1,000 W, 2021-2031F |
6.2.3 Cyprus Electric 3-Wheeler Market Revenues & Volume, By 1,000-1,500 W, 2021-2031F |
6.2.4 Cyprus Electric 3-Wheeler Market Revenues & Volume, By Above 1,500 W, 2021-2031F |
6.3 Cyprus Electric 3-Wheeler Market, By Battery Capacity |
6.3.1 Overview and Analysis |
6.3.2 Cyprus Electric 3-Wheeler Market Revenues & Volume, By Below 3 kWh, 2021-2031F |
6.3.3 Cyprus Electric 3-Wheeler Market Revenues & Volume, By 3-6 kWh, 2021-2031F |
6.3.4 Cyprus Electric 3-Wheeler Market Revenues & Volume, By Above 6 kWh, 2021-2031F |
6.4 Cyprus Electric 3-Wheeler Market, By Range |
6.4.1 Overview and Analysis |
6.4.2 Cyprus Electric 3-Wheeler Market Revenues & Volume, By Up to 50 Miles, 2021-2031F |
6.4.3 Cyprus Electric 3-Wheeler Market Revenues & Volume, By Above 50 Miles, 2021-2031F |
6.5 Cyprus Electric 3-Wheeler Market, By Battery Type |
6.5.1 Overview and Analysis |
6.5.2 Cyprus Electric 3-Wheeler Market Revenues & Volume, By Lead-acid Battery, 2021-2031F |
6.5.3 Cyprus Electric 3-Wheeler Market Revenues & Volume, By Lithium-ion Battery, 2021-2031F |
6.5.4 Cyprus Electric 3-Wheeler Market Revenues & Volume, By Other, 2021-2031F |
6.6 Cyprus Electric 3-Wheeler Market, By Payload Capacity |
6.6.1 Overview and Analysis |
6.6.2 Cyprus Electric 3-Wheeler Market Revenues & Volume, By Up to 300 kg, 2021-2031F |
6.6.3 Cyprus Electric 3-Wheeler Market Revenues & Volume, By 300-500 kg, 2021-2031F |
6.6.4 Cyprus Electric 3-Wheeler Market Revenues & Volume, By Above 500 kg, 2021-2031F |
7 Cyprus Electric 3-Wheeler Market Import-Export Trade Statistics |
7.1 Cyprus Electric 3-Wheeler Market Export to Major Countries |
7.2 Cyprus Electric 3-Wheeler Market Imports from Major Countries |
8 Cyprus Electric 3-Wheeler Market Key Performance Indicators |
8.1 Average charging station availability per square kilometer |
8.2 Percentage of government budget allocated to electric vehicle incentives |
8.3 Number of registrations for electric 3-wheelers in Cyprus |
8.4 Average battery life and performance improvement rate |
8.5 Number of new models of electric 3-wheelers introduced in the market |
9 Cyprus Electric 3-Wheeler Market - Opportunity Assessment |
9.1 Cyprus Electric 3-Wheeler Market Opportunity Assessment, By End-Use, 2021 & 2031F |
9.2 Cyprus Electric 3-Wheeler Market Opportunity Assessment, By Motor Power, 2021 & 2031F |
9.3 Cyprus Electric 3-Wheeler Market Opportunity Assessment, By Battery Capacity, 2021 & 2031F |
9.4 Cyprus Electric 3-Wheeler Market Opportunity Assessment, By Range, 2021 & 2031F |
9.5 Cyprus Electric 3-Wheeler Market Opportunity Assessment, By Battery Type, 2021 & 2031F |
9.6 Cyprus Electric 3-Wheeler Market Opportunity Assessment, By Payload Capacity, 2021 & 2031F |
10 Cyprus Electric 3-Wheeler Market - Competitive Landscape |
10.1 Cyprus Electric 3-Wheeler Market Revenue Share, By Companies, 2024 |
10.2 Cyprus Electric 3-Wheeler Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
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