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India Two Wheeler Market by Type (Scooters, Mopeds, Motorcycle, Electric Two-Wheeler), Technology (ICE, Electric), Transmission (Manual, Automatic), Engine Capacity (<100cc, 100-125cc, 126-180cc, 181-250cc, 251-500cc, 501-800cc, 801-1600cc, >1600cc), Fuel Type (Gasoline, Petrol, Diesel, LPG/CNG, Battery), End-User (Personal, Commercial), Distribution Channel (Offline Channels, Online Channels) and Region 2023-2028

Market Overview:

The India two-wheeler market size reached a volume of 18 Million Units in 2022. Looking forward, IMARC Group expects the market to reach a volume of 48.1 Million Units by 2028, exhibiting a growth rate (CAGR) of 17.80% during 2023-2028. The rising trend of personal vehicle ownership, the escalating consumer concerns regarding high vehicular pollution levels, and the expanding travel and tourism sector represent some of the key factors driving the market.

Two-wheelers refer to vehicles that are commonly utilized for traveling small distances while also assisting in easy maneuvering through congested roads. These primarily consist of motorcycles, mopeds, and scooters that are either manual or powered by fuel/electric motors. Two-wheelers are bifurcated based on long-distance travel, cruising, racing, off-road riding, etc. Two-wheelers have numerous advantages, such as a more compact design, lower costs, and higher fuel economy. They also have several operational benefits and reduced maintenance costs, making them a more cost-effective means of transportation than three- or four-wheeler vehicles. Furthermore, two-wheelers lessen dependency on public transport and shorten travel time.

The emerging trend of vehicle ownership, particularly among the middle-class population, coupled with the expanding working women population, is primarily driving the India two-wheeler market. In addition to this, the escalating demand for compact mobility solutions owing to several challenges, such as lack of parking spaces and road traffic congestion, is further propelling the market growth. Moreover, the growing popularity of two-wheelers based on their numerous benefits, including convenient travel especially over short distances, easy bank financing solutions, better affordability, etc., is also creating a positive outlook for the market. Besides this, the expanding travel and tourism sector along with the rising trend of bikers traveling solo or in a group to different destinations across the country is further bolstering the requirement for two-wheelers. Furthermore, the inflating prices of petrol and diesel are also catalyzing the need for fuel-efficient modes of transportation, thereby acting as a significant growth-inducing factor.? Additionally, the introduction of favorable initiatives by the Indian government that provides low-income consumers subsidies or monetary incentives to purchase two-wheelers is further propelling the market growth.? Apart from this, the escalating consumer concerns regarding high vehicular pollution levels are augmenting the demand for electric two-wheeler vehicles that emit low carbon emissions. This is also catalyzing the launch of hybrid bikes and scooters in the country.? Moreover, the emergence of numerous technological advancements, including anti-braking systems, ride-by-wire, traction control/wheelie control, etc., is expected to drive the India two-wheeler market during the forecast period.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the India two-wheeler market, along with forecasts at the regional level from 2023-2028. Our report has categorized the market based on type, technology, transmission, engine capacity, fuel type, end-user, distribution channel, and region.

Type Insights

  • Scooters
  • Mopeds
  • Motorcycle
  • Electric Two-Wheeler
     

The report has provided a detailed breakup and analysis of the India two-wheeler market based on the type. This includes scooters, mopeds, motorcycle, and electric two-wheeler. According to the report, motorcycle represented the largest segment.

Technology Insights

  • ICE
  • Electric
     

A detailed breakup and analysis of the India two-wheeler market based on the technology has also been provided in the report. This includes ICE and electric. According to the report, ICE accounted for the largest market share.

Transmission Insights

  • Manual
  • Automatic
     

The report has provided a detailed breakup and analysis of the India two-wheeler market based on the transmission. This includes manual and automatic. According to the report, manual represented the largest segment.

Engine Capacity Insights

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

A detailed breakup and analysis of the India two-wheeler market based on the engine capacity has also been provided in the report. This includes <100cc, 100-125cc, 126-180cc, 181-250cc, 251-500cc, 501-800cc, 801-1600cc, and >1600cc. According to the report, 100-125cc accounted for the largest market share.

Fuel Type Insights

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

The report has provided a detailed breakup and analysis of the India two-wheeler market based on the fuel type. This includes gasoline, petrol, diesel, LPG/CNG, and battery. According to the report, petrol represented the largest segment.

End-User Insights

  • Personal
  • Commercial
     

A detailed breakup and analysis of the India two-wheeler market based on the end-user has also been provided in the report. This includes personal and commercial. According to the report, personal accounted for the largest market share.

Distribution Channel Insights

  • Offline Channels
  • Online Channels
     

The report has provided a detailed breakup and analysis of the India two-wheeler market based on the distribution channel. This includes offline and online channels. According to the report, offline channels represented the largest segment.

Regional Insights

  • North India
  • West and Central India
  • East India
  • South India
     

The report has also provided a comprehensive analysis of all the major regional markets that include North India, West and Central India, East India, and South India. According to the report, West and Central India was the largest market for two-wheelers. Some of the factors driving the West and Central India two-wheeler market included the inflating demand for fuel-efficient vehicles, the expanding working women population, the emerging trend of vehicle ownership, etc.

Competitive Landscape

The report has also provided a comprehensive analysis of the competitive landscape in the India two-wheeler market. Detailed profiles of all major companies have also been provided. Some of the companies covered include Bajaj Auto Ltd., Hero MotoCorp Ltd., Honda Motorcycle & Scooter India Pvt. Ltd., Maruti Suzuki India Limited, TVS Motor Company, etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

Report Coverage:

Report Features Details
Base Year of the Analysis 2022
    Historical Period 2017-2022
Forecast Period 2023-2028
Units Million Units
Segment Coverage Type, Technology, Transmission, Engine Capacity, Fuel Type, End-user, Distribution Channel, Region
Region Covered North India, West and Central India, East India, South India
Companies Covered Bajaj Auto Ltd., Hero MotoCorp Ltd., Honda Motorcycle & Scooter India Pvt. Ltd., Maruti Suzuki India Limited, TVS Motor Company, etc.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 4499
Five User License: US$ 5999
Corporate License: US$ 7499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the India two-wheeler market performed so far and how will it perform in the coming years?
  • What are the drivers, restraints, and opportunities in the India two-wheeler market?
  • What are the key regional markets?
  • What is the breakup of the market based on the type?
  • What is the breakup of the market based on the technology?
  • What is the breakup of the market based on the transmission?
  • What is the breakup of the market based on the engine capacity?
  • What is the breakup of the market based on the fuel type?
  • What is the breakup of the market based on the end-user?
  • What is the breakup of the market based on the distribution channel?
  • What is the competitive structure of the India two-wheeler market?
  • Who are the key players/companies in the India two-wheeler market?
     

Key Benefits for Stakeholders:

  • IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the India two-wheeler market from 2017-2028.
  • The research study provides the latest information on the market drivers, challenges, and opportunities in the India two-wheeler market.
  • The study maps the key country-level markets within each region.
  • Porter's five forces analysis assists stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the India two-wheeler industry and its attractiveness.
  • The competitive landscape allows stakeholders to understand their competitive environment and provides insight into the current positions of key players in the market.

1 Preface

2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 Executive Summary

4 India Two-Wheeler Market - Introduction
4.1 Overview
4.2 Market Dynamics
4.3 Industry Trends
4.4 Competitive Intelligence

5 India Two-Wheeler Market Landscape
5.1 Historical and Current Market Trends (2017-2022)
5.2 Market Forecast (2023-2028)

6 India Two-Wheeler Market - Breakup by Type
6.1 Scooters
6.1.1 Overview
6.1.2 Historical and Current Market Trends (2017-2022)
6.1.3 Market Breakup by Region
6.1.4 Market Forecast (2023-2028)
6.2 Mopeds
6.2.1 Overview
6.2.2 Historical and Current Market Trends (2017-2022)
6.2.3 Market Breakup by Region
6.2.4 Market Forecast (2023-2028)
6.3 Motorcycle
6.3.1 Overview
6.3.2 Historical and Current Market Trends (2017-2022)
6.3.3 Market Breakup by Region
6.3.4 Market Forecast (2023-2028)
6.4 Electric Two-Wheeler
6.4.1 Overview
6.4.2 Historical and Current Market Trends (2017-2022)
6.4.3 Market Breakup by Region
6.4.4 Market Forecast (2023-2028)

7 India Two-Wheeler Market - Breakup by Technology
7.1 ICE
7.1.1 Overview
7.1.2 Historical and Current Market Trends (2017-2022)
7.1.3 Market Breakup by Region
7.1.4 Market Forecast (2023-2028)
7.2 Electric
7.2.1 Overview
7.2.2 Historical and Current Market Trends (2017-2022)
7.2.3 Market Breakup by Region
7.2.4 Market Forecast (2023-2028)

8 India Two-Wheeler Market - Breakup by Transmission
8.1 Manual
8.1.1 Overview
8.1.2 Historical and Current Market Trends (2017-2022)
8.1.3 Market Breakup by Region
8.1.4 Market Forecast (2023-2028)
8.2 Automatic
8.2.1 Overview
8.2.2 Historical and Current Market Trends (2017-2022)
8.2.3 Market Breakup by Region
8.2.4 Market Forecast (2023-2028)

9 India Two-Wheeler Market - Breakup by Engine Capacity
9.1 <100cc
9.1.1 Overview
9.1.2 Historical and Current Market Trends (2017-2022)
9.1.3 Market Breakup by Region
9.1.4 Market Forecast (2023-2028)
9.2 100-125cc
9.2.1 Overview
9.2.2 Historical and Current Market Trends (2017-2022)
9.2.3 Market Breakup by Region
9.2.4 Market Forecast (2023-2028)
9.3 126-180cc
9.3.1 Overview
9.3.2 Historical and Current Market Trends (2017-2022)
9.3.3 Market Breakup by Region
9.3.4 Market Forecast (2023-2028)
9.4 181-250cc
9.4.1 Overview
9.4.2 Historical and Current Market Trends (2017-2022)
9.4.3 Market Breakup by Region
9.4.4 Market Forecast (2023-2028)
9.5 251-500cc
9.5.1 Overview
9.5.2 Historical and Current Market Trends (2017-2022)
9.5.3 Market Breakup by Region
9.5.4 Market Forecast (2023-2028)
9.6 501-800cc
9.6.1 Overview
9.6.2 Historical and Current Market Trends (2017-2022)
9.6.3 Market Breakup by Region
9.6.4 Market Forecast (2023-2028)
9.7 801-1600cc
9.7.1 Overview
9.7.2 Historical and Current Market Trends (2017-2022)
9.7.3 Market Breakup by Region
9.7.4 Market Forecast (2023-2028)
9.8 >1600cc
9.8.1 Overview
9.8.2 Historical and Current Market Trends (2017-2022)
9.8.3 Market Breakup by Region
9.8.4 Market Forecast (2023-2028)

10 India Two-Wheeler Market - Breakup by Fuel Type
10.1 Gasoline
10.1.1 Overview
10.1.2 Historical and Current Market Trends (2017-2022)
10.1.3 Market Breakup by Region
10.1.4 Market Forecast (2023-2028)
10.2 Petrol
10.2.1 Overview
10.2.2 Historical and Current Market Trends (2017-2022)
10.2.3 Market Breakup by Region
10.2.4 Market Forecast (2023-2028)
10.3 Diesel
10.3.1 Overview
10.3.2 Historical and Current Market Trends (2017-2022)
10.3.3 Market Breakup by Region
10.3.4 Market Forecast (2023-2028)
10.4 LPG/CNG
10.4.1 Overview
10.4.2 Historical and Current Market Trends (2017-2022)
10.4.3 Market Breakup by Region
10.4.4 Market Forecast (2023-2028)
10.5 Battery
10.5.1 Overview
10.5.2 Historical and Current Market Trends (2017-2022)
10.5.3 Market Breakup by Region
10.5.4 Market Forecast (2023-2028)

11 India Two-Wheeler Market - Breakup by End-User
11.1 Personal
11.1.1 Overview
11.1.2 Historical and Current Market Trends (2017-2022)
11.1.3 Market Breakup by Region
11.1.4 Market Forecast (2023-2028)
11.2 Commercial
11.2.1 Overview
11.2.2 Historical and Current Market Trends (2017-2022)
11.2.3 Market Breakup by Region
11.2.4 Market Forecast (2023-2028)

 12 India Two-Wheeler Market - Breakup by Distribution Channel
12.1 Offline Channels
12.1.1 Overview
12.1.2 Historical and Current Market Trends (2018-2022)
12.1.3 Market Segmentation
12.1.3.1 Supermarkets and Hypermarkets
12.1.3.2 Convenience Stores
12.1.3.3 Specialty Stores
12.1.3.4 Others
12.1.4 Market Forecast
12.2 Online Channels
12.2.1 Overview
12.2.2 Historical and Current Market Trends (2018-2022)
12.2.3 Market Segmentation
12.2.3.1 Company Websites
12.2.3.2 Third Party Websites
12.2.4 Market Forecast

13 India Two-Wheeler Market – Breakup by Region
13.1 North India
13.1.1 Market Drivers
13.1.2 Historical and Current Market Trends (2017-2022)
13.1.3 Market Breakup by Type
13.1.4 Market Breakup by States
13.1.5 Key Players
13.1.6 Market Forecast
13.2 West and central India
13.2.1 Market Drivers
13.2.2 Historical and Current Market Trends (2017-2022)
13.2.3 Market Breakup by Type
13.2.4 Market Breakup by States
13.2.5 Key Players
13.2.6 Market Forecast
13.3 East India
13.3.1 Market Drivers
13.3.2 Historical and Current Market Trends (2017-2022)
13.3.3 Market Breakup by Type
13.3.4 Market Breakup by States
13.3.5 Key Players
13.3.6 Market Forecast
13.4 South India
13.4.1 Market Drivers
13.4.2 Historical and Current Market Trends (2017-2022)
13.4.3 Market Breakup by Type
13.4.4 Market Breakup by States
13.4.5 Key Players
13.4.6 Market Forecast

14 India Two-Wheeler Market – Competitive Landscape
14.1 Overview
14.2 Market Structure
14.3 Market Player Positioning
14.4 Top Winning Strategies
14.5 Competitive Dashboard
14.6 Company Evaluation Quadrant

15 Profiles of Key Players
15.1 Bajaj Auto Ltd.
15.1.1 Business Overview
15.1.2 Services Offered
15.1.3 Business Strategies
15.1.4 Financials
15.1.5 SWOT Analysis
15.1.6 Major News and Events
15.2 Hero MotoCorp Ltd.
15.2.1 Business Overview
15.2.2 Services Offered
15.2.3 Business Strategies
15.2.4 Financials
15.2.5 SWOT Analysis
15.2.6 Major News and Events
15.3 Honda Motorcycle & Scooter India Pvt. Ltd.
15.3.1 Business Overview
15.3.2 Services Offered
15.3.3 Business Strategies
15.3.4 SWOT Analysis
15.3.5 Major News and Events
15.4 Maruti Suzuki India Limited
15.4.1 Business Overview
15.4.2 Services Offered
15.4.3 Business Strategies
15.4.4 Financials
15.4.5 SWOT Analysis
15.4.6 Major News and Events
15.5 TVS Motor Company
15.5.1 Business Overview
15.5.2 Services Offered
15.5.3 Business Strategies
15.5.4 Financials
15.5.5 SWOT Analysis
15.5.6 Major News and Events
Kindly, note that this only represents a partial list of companies, and the complete list has been provided in the report

16 India Two-Wheeler Market - Industry Analysis
16.1 Drivers, Restraints, and Opportunities
16.1.1    Overview
16.1.2    Drivers
16.1.3    Restraints
16.1.4    Opportunities
16.2 Porters Five Forces Analysis
16.2.1    Overview
16.2.2    Bargaining Power of Buyers
16.2.3    Bargaining Power of Suppliers
16.2.4    Degree of Competition
16.2.5    Threat of New Entrants
16.2.6    Threat of Substitutes
16.3 Value Chain Analysis

17 Appendix


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