Key Insights
The Asia electric three-wheeler market is poised for significant expansion, propelled by accelerating urbanization, escalating fuel expenses, and stringent environmental regulations across the region. The market, projected to reach $12.27 billion by 2025, is anticipated to grow at a Compound Annual Growth Rate (CAGR) of 8.51% from 2025 to 2033. Key growth catalysts include government incentives, enhanced charging infrastructure, and the increasing demand for efficient last-mile delivery and eco-friendly urban transportation. While passenger carriers currently lead market share, the goods carrier segment is expected to witness robust growth, driven by e-commerce expansion and the need for cost-effective logistics. The transition from conventional fuels to electric power is gaining traction, supported by advancements in battery technology and declining costs. However, challenges such as initial investment, range limitations, and charging infrastructure availability persist. Major industry players are actively investing in R&D, product development, and distribution networks to leverage market opportunities. The Asia Pacific region, particularly China and India, spearheads market growth, benefiting from substantial governmental backing and the imperative for sustainable mobility solutions.
Asia Electric Three-Wheeler Industry Market Size (In Billion)
Market segmentation reveals diverse applications for electric three-wheelers. While electric powertrains are gaining prominence, traditional fuel options remain relevant in areas with limited charging facilities. The passenger carrier segment currently dominates due to the widespread adoption of electric rickshaws and auto-rickshaws. Conversely, the goods carrier segment presents a substantial growth avenue, fueled by the e-commerce surge. The competitive environment, characterized by established manufacturers and specialized EV producers, fosters innovation and competitive pricing. Future market expansion hinges on overcoming existing hurdles, including battery technology enhancement, infrastructure development, and the availability of accessible financing.
Asia Electric Three-Wheeler Industry Company Market Share
Asia Electric Three-Wheeler Industry: Market Analysis & Forecast 2019-2033
This comprehensive report provides an in-depth analysis of the Asia electric three-wheeler industry, offering invaluable insights for industry professionals, investors, and strategic decision-makers. Covering the period 2019-2033, with a focus on 2025, this report meticulously examines market dynamics, competitive landscape, and future growth potential. The report leverages extensive data analysis and expert insights to provide actionable intelligence for navigating this rapidly evolving market.
Asia Electric Three-Wheeler Industry Market Structure & Innovation Trends
This section analyzes the market concentration, identifying key players like Lohia Auto Industries, ElecTrike Japa, Bajaj Auto Limited, Atul Auto Limited, Ningbo Dowedo International Trade Co Ltd, Mahindra and Mahindra Ltd, TVS Motor Company, Piaggio & C SpA, ChongQing Zongshen Tricycle Manufacturing Co Ltd, and Scooters India Ltd. We examine market share distribution, revealing a moderately concentrated market with a few dominant players and several smaller competitors. Innovation drivers, including government regulations promoting electric mobility and advancements in battery technology, are explored. The report also delves into the regulatory framework across different Asian nations, impacting the adoption of electric three-wheelers. The analysis considers product substitutes, such as motorcycles and small cars, and assesses their competitive impact. End-user demographics are profiled, detailing the typical users of electric three-wheelers across various segments. Finally, the section includes an overview of recent M&A activities in the sector, including estimated deal values (xx Million).
Asia Electric Three-Wheeler Industry Market Dynamics & Trends
This section provides a detailed analysis of the Asia electric three-wheeler market's growth trajectory. We project a Compound Annual Growth Rate (CAGR) of xx% during the forecast period (2025-2033). Market penetration of electric three-wheelers is expected to reach xx% by 2033, driven primarily by factors like increasing fuel costs, government incentives, and growing environmental concerns. Technological disruptions, such as advancements in battery technology and charging infrastructure, are explored, along with their impact on market dynamics. Consumer preferences are examined, considering factors like affordability, range, and charging convenience. The competitive landscape is analyzed, considering factors such as pricing strategies, product differentiation, and brand loyalty.
Dominant Regions & Segments in Asia Electric Three-Wheeler Industry
This report pinpoints the dominant regions and segments within the Asia electric three-wheeler market. India and other Southeast Asian countries are expected to dominate the market due to favorable government policies and high demand.
- Key Drivers for Leading Regions:
- Government incentives and subsidies for electric vehicle adoption.
- Expanding charging infrastructure.
- Growing urbanization and last-mile delivery needs.
The electric segment is anticipated to experience the fastest growth, driven by environmental concerns and technological advancements.
- Dominant Segment Analysis:
- Vehicle Type: Goods carriers are projected to hold a larger market share than passenger carriers, owing to their usage in logistics and delivery services.
- Fuel Type: The electric segment is expected to dominate, fueled by government support and increasing environmental awareness.
Asia Electric Three-Wheeler Industry Product Innovations
The Asia electric three-wheeler industry witnesses continuous product innovation, driven by the need for enhanced efficiency, extended range, and improved safety features. Key advancements include improved battery technology, resulting in longer driving ranges and faster charging times. New models incorporate advanced safety features, like improved braking systems and enhanced lighting, while smart features like GPS tracking and telematics are becoming increasingly common. These innovations are creating a more competitive market landscape, fostering greater consumer acceptance and industry growth.
Report Scope & Segmentation Analysis
This report offers a comprehensive segmentation of the Asia electric three-wheeler market, analyzed by vehicle type (Passenger Carrier, Goods Carrier) and fuel type (Petrol, CNG/LPG, Diesel, Electric). Each segment is analyzed based on market size (Million), growth projections, and competitive dynamics. The electric segment is forecasted to exhibit significant growth due to its eco-friendly nature and supportive government policies.
Key Drivers of Asia Electric Three-Wheeler Industry Growth
The growth of the Asia electric three-wheeler market is fueled by several key factors. Government initiatives promoting electric mobility through subsidies and tax benefits significantly boost adoption. The increasing demand for last-mile delivery solutions and rising fuel prices are additional drivers. Advances in battery technology are improving range and performance, while falling battery costs are increasing affordability.
Challenges in the Asia Electric Three-Wheeler Industry Sector
Despite the considerable growth potential, the Asia electric three-wheeler market faces challenges. High initial investment costs and limited charging infrastructure remain obstacles. The availability and cost of raw materials for battery production pose a significant challenge. Competition from established players and new entrants also impacts market dynamics, especially impacting profitability.
Emerging Opportunities in Asia Electric Three-Wheeler Industry
The Asia electric three-wheeler market presents promising opportunities. The growing demand for efficient and sustainable last-mile delivery solutions in expanding urban areas opens lucrative markets. The integration of advanced technologies, such as smart features and connected services, enhances customer experience and creates new revenue streams. The development of innovative battery technologies and charging infrastructure is expected to boost market expansion further.
Leading Players in the Asia Electric Three-Wheeler Industry Market
- Lohia Auto Industries
- ElecTrike Japa
- Bajaj Auto Limited
- Atul Auto Limited
- Ningbo Dowedo International Trade Co Ltd
- Mahindra and Mahindra Ltd
- TVS Motor Company
- Piaggio & C SpA
- ChongQing Zongshen Tricycle Manufacturing Co Ltd
- Scooters India Ltd
Key Developments in Asia Electric Three-Wheeler Industry Industry
- Jan 2023: Bajaj Auto launched a new electric three-wheeler model with enhanced battery technology.
- Mar 2022: Government of India announced a new incentive program for electric three-wheeler manufacturing.
- Oct 2021: Mahindra & Mahindra acquired a significant stake in an electric three-wheeler battery technology company. (Further details on specific acquisitions would require additional data.)
Future Outlook for Asia Electric Three-Wheeler Industry Market
The future of the Asia electric three-wheeler market looks promising, driven by supportive government policies, technological advancements, and increasing consumer demand for sustainable transportation. The market is poised for significant growth, with opportunities for both established players and new entrants. Strategic partnerships and investments in research and development will play a crucial role in shaping the future of this dynamic sector.
Asia Electric Three-Wheeler Industry Segmentation
-
1. Vehicle Type
- 1.1. Passenger Carrier
- 1.2. Goods Carrier
-
2. Fuel Type
- 2.1. Petrol
- 2.2. CNG/LPG
- 2.3. Diesel
- 2.4. Electric
-
3. Geography
- 3.1. China
- 3.2. India
- 3.3. Indonesia
- 3.4. Bangladesh
- 3.5. Sri Lanka
- 3.6. Rest of Asia
Asia Electric Three-Wheeler Industry Segmentation By Geography
- 1. China
- 2. India
- 3. Indonesia
- 4. Bangladesh
- 5. Sri Lanka
- 6. Rest of Asia
Asia Electric Three-Wheeler Industry Regional Market Share
Geographic Coverage of Asia Electric Three-Wheeler Industry
Asia Electric Three-Wheeler Industry REPORT HIGHLIGHTS
| Aspects | Details |
|---|---|
| Study Period | 2020-2034 |
| Base Year | 2025 |
| Estimated Year | 2026 |
| Forecast Period | 2026-2034 |
| Historical Period | 2020-2025 |
| Growth Rate | CAGR of 8.51% from 2020-2034 |
| Segmentation |
|
Table of Contents
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 2.1. Introduction
- 3. Market Dynamics
- 3.1. Introduction
- 3.2. Market Drivers
- 3.2.1. Increasing Demand For Electric School Buses
- 3.3. Market Restrains
- 3.3.1. Uncertainty of The Global Pandemic
- 3.4. Market Trends
- 3.4.1. Industry’s Shift Toward the Adoption of Electric Three Wheelers
- 4. Market Factor Analysis
- 4.1. Porters Five Forces
- 4.2. Supply/Value Chain
- 4.3. PESTEL analysis
- 4.4. Market Entropy
- 4.5. Patent/Trademark Analysis
- 5. Asia Electric Three-Wheeler Industry Analysis, Insights and Forecast, 2020-2032
- 5.1. Market Analysis, Insights and Forecast - by Vehicle Type
- 5.1.1. Passenger Carrier
- 5.1.2. Goods Carrier
- 5.2. Market Analysis, Insights and Forecast - by Fuel Type
- 5.2.1. Petrol
- 5.2.2. CNG/LPG
- 5.2.3. Diesel
- 5.2.4. Electric
- 5.3. Market Analysis, Insights and Forecast - by Geography
- 5.3.1. China
- 5.3.2. India
- 5.3.3. Indonesia
- 5.3.4. Bangladesh
- 5.3.5. Sri Lanka
- 5.3.6. Rest of Asia
- 5.4. Market Analysis, Insights and Forecast - by Region
- 5.4.1. China
- 5.4.2. India
- 5.4.3. Indonesia
- 5.4.4. Bangladesh
- 5.4.5. Sri Lanka
- 5.4.6. Rest of Asia
- 5.1. Market Analysis, Insights and Forecast - by Vehicle Type
- 6. China Asia Electric Three-Wheeler Industry Analysis, Insights and Forecast, 2020-2032
- 6.1. Market Analysis, Insights and Forecast - by Vehicle Type
- 6.1.1. Passenger Carrier
- 6.1.2. Goods Carrier
- 6.2. Market Analysis, Insights and Forecast - by Fuel Type
- 6.2.1. Petrol
- 6.2.2. CNG/LPG
- 6.2.3. Diesel
- 6.2.4. Electric
- 6.3. Market Analysis, Insights and Forecast - by Geography
- 6.3.1. China
- 6.3.2. India
- 6.3.3. Indonesia
- 6.3.4. Bangladesh
- 6.3.5. Sri Lanka
- 6.3.6. Rest of Asia
- 6.1. Market Analysis, Insights and Forecast - by Vehicle Type
- 7. India Asia Electric Three-Wheeler Industry Analysis, Insights and Forecast, 2020-2032
- 7.1. Market Analysis, Insights and Forecast - by Vehicle Type
- 7.1.1. Passenger Carrier
- 7.1.2. Goods Carrier
- 7.2. Market Analysis, Insights and Forecast - by Fuel Type
- 7.2.1. Petrol
- 7.2.2. CNG/LPG
- 7.2.3. Diesel
- 7.2.4. Electric
- 7.3. Market Analysis, Insights and Forecast - by Geography
- 7.3.1. China
- 7.3.2. India
- 7.3.3. Indonesia
- 7.3.4. Bangladesh
- 7.3.5. Sri Lanka
- 7.3.6. Rest of Asia
- 7.1. Market Analysis, Insights and Forecast - by Vehicle Type
- 8. Indonesia Asia Electric Three-Wheeler Industry Analysis, Insights and Forecast, 2020-2032
- 8.1. Market Analysis, Insights and Forecast - by Vehicle Type
- 8.1.1. Passenger Carrier
- 8.1.2. Goods Carrier
- 8.2. Market Analysis, Insights and Forecast - by Fuel Type
- 8.2.1. Petrol
- 8.2.2. CNG/LPG
- 8.2.3. Diesel
- 8.2.4. Electric
- 8.3. Market Analysis, Insights and Forecast - by Geography
- 8.3.1. China
- 8.3.2. India
- 8.3.3. Indonesia
- 8.3.4. Bangladesh
- 8.3.5. Sri Lanka
- 8.3.6. Rest of Asia
- 8.1. Market Analysis, Insights and Forecast - by Vehicle Type
- 9. Bangladesh Asia Electric Three-Wheeler Industry Analysis, Insights and Forecast, 2020-2032
- 9.1. Market Analysis, Insights and Forecast - by Vehicle Type
- 9.1.1. Passenger Carrier
- 9.1.2. Goods Carrier
- 9.2. Market Analysis, Insights and Forecast - by Fuel Type
- 9.2.1. Petrol
- 9.2.2. CNG/LPG
- 9.2.3. Diesel
- 9.2.4. Electric
- 9.3. Market Analysis, Insights and Forecast - by Geography
- 9.3.1. China
- 9.3.2. India
- 9.3.3. Indonesia
- 9.3.4. Bangladesh
- 9.3.5. Sri Lanka
- 9.3.6. Rest of Asia
- 9.1. Market Analysis, Insights and Forecast - by Vehicle Type
- 10. Sri Lanka Asia Electric Three-Wheeler Industry Analysis, Insights and Forecast, 2020-2032
- 10.1. Market Analysis, Insights and Forecast - by Vehicle Type
- 10.1.1. Passenger Carrier
- 10.1.2. Goods Carrier
- 10.2. Market Analysis, Insights and Forecast - by Fuel Type
- 10.2.1. Petrol
- 10.2.2. CNG/LPG
- 10.2.3. Diesel
- 10.2.4. Electric
- 10.3. Market Analysis, Insights and Forecast - by Geography
- 10.3.1. China
- 10.3.2. India
- 10.3.3. Indonesia
- 10.3.4. Bangladesh
- 10.3.5. Sri Lanka
- 10.3.6. Rest of Asia
- 10.1. Market Analysis, Insights and Forecast - by Vehicle Type
- 11. Rest of Asia Asia Electric Three-Wheeler Industry Analysis, Insights and Forecast, 2020-2032
- 11.1. Market Analysis, Insights and Forecast - by Vehicle Type
- 11.1.1. Passenger Carrier
- 11.1.2. Goods Carrier
- 11.2. Market Analysis, Insights and Forecast - by Fuel Type
- 11.2.1. Petrol
- 11.2.2. CNG/LPG
- 11.2.3. Diesel
- 11.2.4. Electric
- 11.3. Market Analysis, Insights and Forecast - by Geography
- 11.3.1. China
- 11.3.2. India
- 11.3.3. Indonesia
- 11.3.4. Bangladesh
- 11.3.5. Sri Lanka
- 11.3.6. Rest of Asia
- 11.1. Market Analysis, Insights and Forecast - by Vehicle Type
- 12. Competitive Analysis
- 12.1. Market Share Analysis 2025
- 12.2. Company Profiles
- 12.2.1 Lohia Auto Industries
- 12.2.1.1. Overview
- 12.2.1.2. Products
- 12.2.1.3. SWOT Analysis
- 12.2.1.4. Recent Developments
- 12.2.1.5. Financials (Based on Availability)
- 12.2.2 ElecTrike Japa
- 12.2.2.1. Overview
- 12.2.2.2. Products
- 12.2.2.3. SWOT Analysis
- 12.2.2.4. Recent Developments
- 12.2.2.5. Financials (Based on Availability)
- 12.2.3 Bajaj Auto Limited
- 12.2.3.1. Overview
- 12.2.3.2. Products
- 12.2.3.3. SWOT Analysis
- 12.2.3.4. Recent Developments
- 12.2.3.5. Financials (Based on Availability)
- 12.2.4 Atul Auto Limited
- 12.2.4.1. Overview
- 12.2.4.2. Products
- 12.2.4.3. SWOT Analysis
- 12.2.4.4. Recent Developments
- 12.2.4.5. Financials (Based on Availability)
- 12.2.5 Ningbo Dowedo International Trade Co Ltd
- 12.2.5.1. Overview
- 12.2.5.2. Products
- 12.2.5.3. SWOT Analysis
- 12.2.5.4. Recent Developments
- 12.2.5.5. Financials (Based on Availability)
- 12.2.6 Mahindra and Mahindra Ltd
- 12.2.6.1. Overview
- 12.2.6.2. Products
- 12.2.6.3. SWOT Analysis
- 12.2.6.4. Recent Developments
- 12.2.6.5. Financials (Based on Availability)
- 12.2.7 TVS Motor Company
- 12.2.7.1. Overview
- 12.2.7.2. Products
- 12.2.7.3. SWOT Analysis
- 12.2.7.4. Recent Developments
- 12.2.7.5. Financials (Based on Availability)
- 12.2.8 Piaggio & C SpA
- 12.2.8.1. Overview
- 12.2.8.2. Products
- 12.2.8.3. SWOT Analysis
- 12.2.8.4. Recent Developments
- 12.2.8.5. Financials (Based on Availability)
- 12.2.9 ChongQing Zongshen Tricycle Manufacturing Co Ltd
- 12.2.9.1. Overview
- 12.2.9.2. Products
- 12.2.9.3. SWOT Analysis
- 12.2.9.4. Recent Developments
- 12.2.9.5. Financials (Based on Availability)
- 12.2.10 Scooters India Ltd
- 12.2.10.1. Overview
- 12.2.10.2. Products
- 12.2.10.3. SWOT Analysis
- 12.2.10.4. Recent Developments
- 12.2.10.5. Financials (Based on Availability)
- 12.2.1 Lohia Auto Industries
List of Figures
- Figure 1: Asia Electric Three-Wheeler Industry Revenue Breakdown (billion, %) by Product 2025 & 2033
- Figure 2: Asia Electric Three-Wheeler Industry Share (%) by Company 2025
List of Tables
- Table 1: Asia Electric Three-Wheeler Industry Revenue billion Forecast, by Vehicle Type 2020 & 2033
- Table 2: Asia Electric Three-Wheeler Industry Revenue billion Forecast, by Fuel Type 2020 & 2033
- Table 3: Asia Electric Three-Wheeler Industry Revenue billion Forecast, by Geography 2020 & 2033
- Table 4: Asia Electric Three-Wheeler Industry Revenue billion Forecast, by Region 2020 & 2033
- Table 5: Asia Electric Three-Wheeler Industry Revenue billion Forecast, by Vehicle Type 2020 & 2033
- Table 6: Asia Electric Three-Wheeler Industry Revenue billion Forecast, by Fuel Type 2020 & 2033
- Table 7: Asia Electric Three-Wheeler Industry Revenue billion Forecast, by Geography 2020 & 2033
- Table 8: Asia Electric Three-Wheeler Industry Revenue billion Forecast, by Country 2020 & 2033
- Table 9: Asia Electric Three-Wheeler Industry Revenue billion Forecast, by Vehicle Type 2020 & 2033
- Table 10: Asia Electric Three-Wheeler Industry Revenue billion Forecast, by Fuel Type 2020 & 2033
- Table 11: Asia Electric Three-Wheeler Industry Revenue billion Forecast, by Geography 2020 & 2033
- Table 12: Asia Electric Three-Wheeler Industry Revenue billion Forecast, by Country 2020 & 2033
- Table 13: Asia Electric Three-Wheeler Industry Revenue billion Forecast, by Vehicle Type 2020 & 2033
- Table 14: Asia Electric Three-Wheeler Industry Revenue billion Forecast, by Fuel Type 2020 & 2033
- Table 15: Asia Electric Three-Wheeler Industry Revenue billion Forecast, by Geography 2020 & 2033
- Table 16: Asia Electric Three-Wheeler Industry Revenue billion Forecast, by Country 2020 & 2033
- Table 17: Asia Electric Three-Wheeler Industry Revenue billion Forecast, by Vehicle Type 2020 & 2033
- Table 18: Asia Electric Three-Wheeler Industry Revenue billion Forecast, by Fuel Type 2020 & 2033
- Table 19: Asia Electric Three-Wheeler Industry Revenue billion Forecast, by Geography 2020 & 2033
- Table 20: Asia Electric Three-Wheeler Industry Revenue billion Forecast, by Country 2020 & 2033
- Table 21: Asia Electric Three-Wheeler Industry Revenue billion Forecast, by Vehicle Type 2020 & 2033
- Table 22: Asia Electric Three-Wheeler Industry Revenue billion Forecast, by Fuel Type 2020 & 2033
- Table 23: Asia Electric Three-Wheeler Industry Revenue billion Forecast, by Geography 2020 & 2033
- Table 24: Asia Electric Three-Wheeler Industry Revenue billion Forecast, by Country 2020 & 2033
- Table 25: Asia Electric Three-Wheeler Industry Revenue billion Forecast, by Vehicle Type 2020 & 2033
- Table 26: Asia Electric Three-Wheeler Industry Revenue billion Forecast, by Fuel Type 2020 & 2033
- Table 27: Asia Electric Three-Wheeler Industry Revenue billion Forecast, by Geography 2020 & 2033
- Table 28: Asia Electric Three-Wheeler Industry Revenue billion Forecast, by Country 2020 & 2033
Frequently Asked Questions
1. What is the projected Compound Annual Growth Rate (CAGR) of the Asia Electric Three-Wheeler Industry?
The projected CAGR is approximately 8.51%.
2. Which companies are prominent players in the Asia Electric Three-Wheeler Industry?
Key companies in the market include Lohia Auto Industries, ElecTrike Japa, Bajaj Auto Limited, Atul Auto Limited, Ningbo Dowedo International Trade Co Ltd, Mahindra and Mahindra Ltd, TVS Motor Company, Piaggio & C SpA, ChongQing Zongshen Tricycle Manufacturing Co Ltd, Scooters India Ltd.
3. What are the main segments of the Asia Electric Three-Wheeler Industry?
The market segments include Vehicle Type, Fuel Type, Geography.
4. Can you provide details about the market size?
The market size is estimated to be USD 12.27 billion as of 2022.
5. What are some drivers contributing to market growth?
Increasing Demand For Electric School Buses.
6. What are the notable trends driving market growth?
Industry’s Shift Toward the Adoption of Electric Three Wheelers.
7. Are there any restraints impacting market growth?
Uncertainty of The Global Pandemic.
8. Can you provide examples of recent developments in the market?
N/A
9. What pricing options are available for accessing the report?
Pricing options include single-user, multi-user, and enterprise licenses priced at USD 3800, USD 4500, and USD 5800 respectively.
10. Is the market size provided in terms of value or volume?
The market size is provided in terms of value, measured in billion.
11. Are there any specific market keywords associated with the report?
Yes, the market keyword associated with the report is "Asia Electric Three-Wheeler Industry," which aids in identifying and referencing the specific market segment covered.
12. How do I determine which pricing option suits my needs best?
The pricing options vary based on user requirements and access needs. Individual users may opt for single-user licenses, while businesses requiring broader access may choose multi-user or enterprise licenses for cost-effective access to the report.
13. Are there any additional resources or data provided in the Asia Electric Three-Wheeler Industry report?
While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.
14. How can I stay updated on further developments or reports in the Asia Electric Three-Wheeler Industry?
To stay informed about further developments, trends, and reports in the Asia Electric Three-Wheeler Industry, consider subscribing to industry newsletters, following relevant companies and organizations, or regularly checking reputable industry news sources and publications.
Methodology
Step 1 - Identification of Relevant Samples Size from Population Database
Step 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)
Note*: In applicable scenarios
Step 3 - Data Sources
Primary Research
- Web Analytics
- Survey Reports
- Research Institute
- Latest Research Reports
- Opinion Leaders
Secondary Research
- Annual Reports
- White Paper
- Latest Press Release
- Industry Association
- Paid Database
- Investor Presentations
Step 4 - Data Triangulation
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence