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Two-Wheeler Market Size & Share | Growth Analysis 2028

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IMARC Group, a leading market research company, has recently releases report titled “Two-Wheeler Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” The study provides a detailed analysis of the industry, including the global two-wheeler market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How big is the two-wheeler market?

Report Attributes Details
Market Size in 2022 US$ 121.5 Billion
Market Forecast in 2028 US$ 181.6 Billion
Growth rate (2023 to 2028) CAGR of 7.00%
Base Year of the Analysis 2022
Forecast Period 2023-2028

What is a two-wheeler?

Two-wheelers, such as motorcycles, mopeds, and scooters, are fuel or electric-powered vehicles used to commute in short distances. They are an attractive mode of transportation that help reduce reliance on public transit systems. They offer a variety of features and capabilities, including long-distance touring, off-road riding, and racing. They are more maneuverable and agile as compared to larger vehicles and facilitate better fuel efficiency and cost-effectiveness. Two-wheelers are equipped with different fuel sources, such as gasoline, petrol, diesel, liquified petroleum gas (LPG), and batteries.

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What are the growth prospects and trends in the two-wheeler industry?

At present, the rising trend of personal vehicle ownership and escalating demand for affordable and quick commute options with last-mile connectivity represent one of the key factors positively influencing the market. In addition, key market players are introducing customized vehicles for all age groups. This, coupled with the expansion of the e-commerce sector and the widespread utilization of electric two-wheelers by logistics companies for providing convenient and quick delivery services, is propelling the growth of the market. Apart from this, government agencies are extensively promoting the adoption of electric and hybrid two-wheelers through incentives and supportive policies. This, in confluence with rising environmental concerns, is creating a favorable market outlook. Furthermore, the rising affordability and increasing accessibility of two-wheelers are stimulating the market growth worldwide.

What is included in market segmentation?

The report has segmented the market into the following categories:

Type Insights

  • Scooters
  • Mopeds
  • Motorcycle
  • Electric Two-Wheeler

Technology Insights

  • ICE
  • Electric

Transmission Insights

  • Manual
  • Automatic

Engine Capacity Insights

  • 100cc
  • 100-125cc
  • 126-180cc
  • 181-250cc
  • 251-500cc
  • 501-800cc
  • 801-1600cc
  • 1600cc

Fuel Type Insights

  • Gasoline
  • Petrol
  • Diesel
  • LPG/CNG
  • Battery

End-User Insights

  • Personal
  • Commercial

Distribution Channel Insights

  • Offline Channels
  • Online Channels

Breakup by Region:

  • North America (U.S. Canada)
  • Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
  • Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
  • Latin America (Brazil, Mexico)
  • Middle East Africa

Who are the key players operating in the industry?

The report covers the major market players including:

  • Harley Davidson
  • Hero MotoCorp Ltd.
  • Honda Motor Co., Ltd.
  • Suzuki Motor Corporation
  • Yamaha Motor Co., Ltd.

Ask Analyst for Customization and Browse full report with TOC List of Figure: https://www.imarcgroup.com/request?type=report&id=6618&flag=C

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

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