| Product Code: ETC7548313 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, India saw a significant increase in motorized quadricycle imports, with top exporters being China, USA, Netherlands, UK, and Bangladesh. Despite the high Herfindahl-Hirschman Index (HHI) indicating market concentration, the compound annual growth rate (CAGR) from 2020 to 2024 stood at an impressive 25.67%. However, there was a notable decline in growth rate from 2023 to 2024, dropping by -49.99%. This data suggests a dynamic and evolving market for motorized quadricycles in India, influenced by various global trade dynamics and domestic demand factors.

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 India Motorized Quadricycle Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Motorized Quadricycle Market Revenues & Volume, 2021 & 2031F |
3.3 India Motorized Quadricycle Market - Industry Life Cycle |
3.4 India Motorized Quadricycle Market - Porter's Five Forces |
3.5 India Motorized Quadricycle Market Revenues & Volume Share, By Price Range, 2021 & 2031F |
3.6 India Motorized Quadricycle Market Revenues & Volume Share, By End use, 2021 & 2031F |
3.7 India Motorized Quadricycle Market Revenues & Volume Share, By Propulsion Type, 2021 & 2031F |
3.8 India Motorized Quadricycle Market Revenues & Volume Share, By Type, 2021 & 2031F |
4 India Motorized Quadricycle Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing urbanization and traffic congestion in Indian cities leading to the need for compact and efficient transportation solutions. |
4.2.2 Government initiatives promoting electric and alternative fuel vehicles to reduce pollution and carbon emissions. |
4.2.3 Rising disposable income levels and changing consumer preferences towards affordable and eco-friendly mobility options. |
4.3 Market Restraints |
4.3.1 Lack of awareness and acceptance among consumers regarding the benefits and capabilities of motorized quadricycles. |
4.3.2 Limited infrastructure support such as charging stations and dedicated parking spaces for quadricycles. |
4.3.3 Regulatory challenges and ambiguity surrounding the classification and licensing requirements for quadricycles. |
5 India Motorized Quadricycle Market Trends |
6 India Motorized Quadricycle Market, By Types |
6.1 India Motorized Quadricycle Market, By Price Range |
6.1.1 Overview and Analysis |
6.1.2 India Motorized Quadricycle Market Revenues & Volume, By Price Range, 2021- 2031F |
6.1.3 India Motorized Quadricycle Market Revenues & Volume, By Low, 2021- 2031F |
6.1.4 India Motorized Quadricycle Market Revenues & Volume, By Mid, 2021- 2031F |
6.1.5 India Motorized Quadricycle Market Revenues & Volume, By High, 2021- 2031F |
6.2 India Motorized Quadricycle Market, By End use |
6.2.1 Overview and Analysis |
6.2.2 India Motorized Quadricycle Market Revenues & Volume, By Household, 2021- 2031F |
6.2.3 India Motorized Quadricycle Market Revenues & Volume, By Commercial, 2021- 2031F |
6.2.4 India Motorized Quadricycle Market Revenues & Volume, By Others, 2021- 2031F |
6.3 India Motorized Quadricycle Market, By Propulsion Type |
6.3.1 Overview and Analysis |
6.3.2 India Motorized Quadricycle Market Revenues & Volume, By ICE (Internal Combustion Engine), 2021- 2031F |
6.3.3 India Motorized Quadricycle Market Revenues & Volume, By Electric, 2021- 2031F |
6.4 India Motorized Quadricycle Market, By Type |
6.4.1 Overview and Analysis |
6.4.2 India Motorized Quadricycle Market Revenues & Volume, By Light Quadricycle, 2021- 2031F |
6.4.3 India Motorized Quadricycle Market Revenues & Volume, By Heavy Quadricycle, 2021- 2031F |
7 India Motorized Quadricycle Market Import-Export Trade Statistics |
7.1 India Motorized Quadricycle Market Export to Major Countries |
7.2 India Motorized Quadricycle Market Imports from Major Countries |
8 India Motorized Quadricycle Market Key Performance Indicators |
8.1 Adoption rate of electric quadricycles in major Indian cities. |
8.2 Number of government subsidies and incentives provided for the purchase of motorized quadricycles. |
8.3 Growth in the number of quadricycle manufacturers and models available in the Indian market. |
9 India Motorized Quadricycle Market - Opportunity Assessment |
9.1 India Motorized Quadricycle Market Opportunity Assessment, By Price Range, 2021 & 2031F |
9.2 India Motorized Quadricycle Market Opportunity Assessment, By End use, 2021 & 2031F |
9.3 India Motorized Quadricycle Market Opportunity Assessment, By Propulsion Type, 2021 & 2031F |
9.4 India Motorized Quadricycle Market Opportunity Assessment, By Type, 2021 & 2031F |
10 India Motorized Quadricycle Market - Competitive Landscape |
10.1 India Motorized Quadricycle Market Revenue Share, By Companies, 2024 |
10.2 India Motorized Quadricycle 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.
To discover high-growth global markets and optimize your business strategy:
Click Here