Two Wheeler Market Geographical Breakdown: Which Area is Leading the Market?

How Big is the Two Wheeler Market?

The Global Two-wheeler Market is projected to grow at a CAGR of around 8.0% during the forecast period, i.e., 2023-28. With comprehensive past adoption in racing, cruising, and sports-related activities, two wheeler vehicles, especially motorcycles that either run with the ignition of conventional gasoline or are powered by electricity, have found grounds over the years. Although the manufacturing of two-wheelers took a downturn with subsequent lockdowns and curfew situations due to the covid-19 pandemic, the demand side witnessed a swift surge. Moreover, customers displayed an increasing interest in such vehicles citing contamination risk while traveling through public transportation. Given this, most economies registered an inflated increase in two wheelers sales. For instance, North America and Europe recorded motorcycle and moped sales growth.

Market Statistics

Market Growth Rate (CAGR): 0% from 2023-2028

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Two Wheeler Market Insight:

Driver-

The Rapid Urbanization Prompting the Need for Compact Commuting Solutions

According to the United Nations (UN) Department of Economics and Social Affairs, it is predicted that 68% of the world population is expected to live in urban areas by 2050. As a result, the rising road congestion, insufficient mobility infrastructures, and lack of parking spaces necessitate the demand for compact commuting solutions in developed and developing economies, improving market growth.

Besides, standard bikes are witnessing accelerating demand over traditional motorcycles due to the low initial price driven by the developing economic strength of the urban middle-class population. Furthermore, the sudden surge in gasoline prices makes the urban and rural populace prefer mopeds, motorcycles, and standard bikes from four-wheelers. Other than this, the minimal maintenance required by such vehicles provides the necessary impetus required for further market expansion.

Two Wheeler Market Segmentation:

The report has segmented the market into the following categories:

By Type of Fuel

Gasoline
Petrol
Diesel
LPG/CNG
Battery

By Vehicle Type

Moped
Scooter
Motorcycle

By Application

Personal Use
Commercial Use

By Type of Engine Capacity

Up to 125 cc
126 to 250 cc
251 to 500 cc
Above 500 cc

By Region

North America
South America
Europe
Middle East Africa
Asia-Pacific

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Competitive Landscape:

Hero Moto Corp.
Yamaha Motor Co., Ltd.
Harley Davidson
TVS Motors
BMW Motorrad
Piaggio C.S. p.A
Bajaj Auto Ltd.
Kawasaki Heavy Industries, Ltd
Suzuki Motor Corporation
Honda Motor Co., Ltd.

The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant.

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Key Highlights of the Report:

Market Performance (2023-2028)
Strategic Recommendations
Current, Historical and Future Market Trends
Market Drivers and Leading Competitor
SWOT Analysis
Structure of the Market
Comprehensive Mapping and Recent Advancement

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