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India Two Wheeler Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The Indian two-wheeler market witnessed a significant decline  in 2020 as a consequence of the COVID-19 pandemic resulting in several state-wise and national lockdowns in the country.

In India, two-wheelers primarily include motorcycles, mopeds, scooters and electric two wheelers. Some of the key factors driving the demand of two wheelers in India include its ease of manoeuvring through congested roads, lower carbon emissions, higher fuel efficiency, and providing an economical mode of transportation in comparison to three or four wheeled vehicles. Furthermore, rising urbanization, improving road infrastructure, and increasing number of women consumers are also catalyzing the demand of two wheelers in India.

The market, however, faces some challenges as well. Increasing work from home practice, which does not require people to commute to work may negatively impact demand over the next few years. Furthermore, increasing petrol prices in the country may also act as a constraint for market growth, particularly, in the entry level price sensitive category. Overall, we expect the Indian two-wheeler market to revive from 2021 onwards and exhibit moderate growth during 2021-2026. 

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the India two wheeler market report, along with forecasts for growth at the region level from 2021-2026. Our report has categorized the market based on region, vehicle type and engine capacity.

Breakup by Vehicle Type:

  • Motorcycle
  • Scooter
  • Moped
  • Electric Two Wheeler
     

Breakup by Engine Capacity:

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

Breakup by Region:

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

Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being Hero MotoCorp Ltd., Honda Motorcycle and Scooter India Pvt. Ltd, TVS Motor Company Limited, Bajaj Auto Ltd., Royal Enfield Ltd. India, Suzuki Motorcycle India Pvt. Ltd., Yamaha Motor India Pvt. Ltd., Triumph Motorcycles (India) Private Limited, BMW India Private Limited, Ducati India Private Limited, Ather Energy Pvt. Ltd., Revolt Motors, Lohia Auto Industries, Okinawa Autotech Pvt. Ltd and Ola Electric Mobility Pvt Ltd

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 has been the impact of COVID-19 on the India two wheeler market?
  • What are the key regional markets?
  • What is the breakup of the market based on the vehicle type?
  • What is the breakup of the market based on the engine capacity?
  • What is the breakup of the market based on the battery type?
  • What is the breakup of the market based on the voltage capacity?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What are the price trends of India two wheeler market?
  • What is the structure of the India two wheeler market and who are the key players?
  • What is the degree of competition in the industry?

1    Preface
2    Research 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    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    India Two Wheeler Market
    5.1    Market Overview
    5.2    Market Performance
        5.2.1    Value Trends
        5.2.2    Volume Trends
    5.3    Impact of COVID-19
    5.4    Market Forecast
        5.4.1    Value Trends
        5.4.2    Volume Trends      
6    Breakup by Vehicle Type
    6.1    Motorcycle         
        6.1.1 Market Trends
        6.1.2 Market Breakup by Engine Capacity
        6.1.3 Market Breakup by Key Players
        6.1.4 Market Forecast
    6.2    Scooter
        6.2.1 Market Trends
        6.2.2 Market Breakup by Engine Capacity
        6.2.3 Market Breakup by Key Players
        6.2.4 Market Forecast
    6.3    Moped         
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    Electric Two Wheeler 
        6.4.1 Market Trends
        6.4.2 Market Forecast
        6.4.3 Market Breakup by Vehicle Type
           6.4.3.1 Motorcycle 
              6.4.3.1.1 Market Trends
              6.4.3.1.2 Market Forecast
           6.4.3.2 Scooter 
              6.4.3.2.1 Market Trends
              6.4.3.2.2 Market Forecast
        6.4.4 Market Breakup by Battery Type
           6.4.4.1 Lithium Ion
              6.4.4.1.1 Market Trends
              6.4.4.1.2 Market Forecast
           6.4.4.2 Lead Acid
              6.4.4.2.1 Market Trends
              6.4.4.2.2 Market Forecast
        6.4.5 Market Breakup by Voltage 
           6.4.5.1 <36 V
              6.4.5.1.1 Market Trends
              6.4.5.1.2 Market Forecast
           6.4.5.2 48 V
              6.4.5.2.1 Market Trends
              6.4.5.2.2 Market Forecast
           6.4.5.3 60 V
              6.4.5.3.1 Market Trends
              6.4.5.3.2 Market Forecast
           6.4.5.4 72 V
              6.4.5.4.1 Market Trends
              6.4.5.4.2 Market Forecast
        6.4.6 Market Breakup by Key Players
7    Breakup by Engine Capacity
    7.1    <100cc 
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    100-125cc
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    126-180cc 
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    181-250cc
        7.4.1 Market Trends
        7.4.2 Market Forecast
    7.5    251-500 cc 
        7.5.1 Market Trends
        7.5.2 Market Forecast
    7.6    501-800cc
        7.6.1 Market Trends
        7.6.2 Market Forecast
    7.7    801-1600cc
        7.7.1 Market Trends
        7.7.2 Market Forecast
    7.8    >1600 cc 
        7.8.1 Market Trends
        7.8.2 Market Forecast
8    Breakup by Region
    8.1    North India
        8.1.1 Market Trends
        8.1.2 Market Share by Top 5 cities
        8.1.3 Market Forecast
    8.2    East India
        8.2.1 Market Trends
        8.2.2 Market Share by Top 5 cities
        8.2.3 Market Forecast
    8.3    West and Central India
        8.3.1 Market Trends
        8.3.2 Market Share by Top 5 cities
        8.3.3 Market Forecast
    8.4    South India
        8.4.1 Market Trends
        8.4.2 Market Share by Top 5 cities
        8.4.3 Market Forecast
9    SWOT Analysis
    9.1    Overview
    9.2    Strengths
    9.3    Weaknesses
    9.4    Opportunities
    9.5    Threats
10    Value Chain Analysis
11    Porter’s Five Forces Analysis

    11.1    Overview
    11.2    Buyer’s Power
    11.3    Supplier’s Power
    11.4    New Entrants
    11.5    Degree of Rivalry
    11.6    Substitutes
12    Price Analysis
13    Government Regulations
14    Strategic Recommendations
15    Key Players & Company Profile Analysis

    15.1    Market Structure
    15.2    Key Players – Share  
    15.3    Profiles of Key Players
        15.3.1    Hero MotoCorp Ltd.
        15.3.2    Honda Motorcycle and Scooter India Pvt. Ltd
        15.3.3    TVS Motor Company Limited 
        15.3.4    Bajaj Auto Ltd.
        15.3.5    Royal Enfield Ltd. India
        15.3.6    Suzuki Motorcycle India Pvt. Ltd.
        15.3.7    Yamaha Motor India Pvt. Ltd.
        15.3.8    Triumph Motorcycles (India) Private Limited
        15.3.9    BMW India Private Limited
        15.3.10    Ducati India Private Limited
        15.3.11    Ather Energy Pvt. Ltd.
        15.3.12    Revolt Motors
        15.3.13    Lohia Auto Industries
        15.3.14    Okinawa Autotech Pvt. Ltd
        15.3.15    Ola Electric Mobility Pvt Ltd

List of Figures

Figure 1: India: Two Wheeler Market: Major Drivers and Challenges
Figure 2: India: Two Wheeler Market: Sales Volume (in Million Units), 2015 - 2020 
Figure 3: India: Two Wheeler Market Forecast: Sales Volume (in Million Units), 2021-2026
Figure 4: India: Two Wheeler Market: Breakup by Vehicle Type (in %), 2020
Figure 5: India: Two Wheeler Market: Breakup by Engine Capacity (in %), 2020
Figure 6: India: Two Wheeler Market: Breakup by Region (in %), 2020
Figure 7: India: Two Wheeler (Motorcycle) Market: Sales Volume (in Million Units), 2015 & 2020
Figure 8: India: Two Wheeler Market: Breakup of Motorcycle Market: By Engine Capacity: Sales Volume (in Million Units), 2015 & 2020
Figure 9: India: Two Wheeler Market: Breakup of Motorcycle Market Forecast: By Engine Capacity: Sales Volume (in Million Units), 2021-2026
Figure 10: India: Two Wheeler Market: Breakup of Motorcycle Market: Breakup by Key Players (in %), 2020
Figure 11: India: Two Wheeler (Motorcycle) Market Forecast: Sales Volume (in Million Units), 2021-2026
Figure 12: India: Two Wheeler (Scooter) Market: Sales Volume (in Million Units), 2015 & 2020
Figure 13: India: Two Wheeler Market: Breakup of Scooter Market: By Engine Capacity: Sales Volume (in Million Units), 2015 & 2020
Figure 14: India: Two Wheeler Market: Breakup of Scooter Market forecast: By Engine Capacity: Sales Volume (in Million Units), 2021-2026
Figure 15: India: Two Wheeler Market: Breakup of Scooter Market: By Key Players (in %), 2020
Figure 16: India: Two Wheeler (Scooter) Market Forecast: Sales Volume (in Million Units), 2021-2026
Figure 17: India: Two Wheeler (Moped) Market: Sales Volume (in Million Units), 2015 & 2020
Figure 18: India: Two Wheeler (Moped) Market Forecast: Sales Volume (in Million Units), 2021-2026
Figure 19: India: Two Wheeler (Electric Two Wheeler) Market: Sales Volume (in Million Units), 2015 & 2020
Figure 20: India: Two Wheeler (Electric Two Wheeler) Market Forecast: Sales Volume (in Million Units), 2021-2026
Figure 21: India: Electric Two Wheeler Market: Breakup by Vehicle Type (in %), 2020
Figure 22: India: Electric Two Wheeler (Motorcycle) Market: Sales Volume (in Million Units), 2015 & 2020
Figure 23: India: Electric Two Wheeler (Motorcycle) Market Forecast: Sales Volume (in Million Units), 2021-2026
Figure 24: India: Electric Two Wheeler (Scooter) Market: Sales Volume (in Million Units), 2015 & 2020
Figure 25: India: Electric Two Wheeler (Scooter) Market Forecast: Sales Volume (in Million Units), 2021-2026
Figure 26: India: Electric Two Wheeler Market: Breakup by Battery Type (in %), 2020
Figure 27: India: Electric Two Wheeler (Lithium Ion) Market: Sales Volume (in Million Units), 2015 & 2020
Figure 28: India: Electric Two Wheeler (Lithium Ion) Market Forecast: Sales Volume (in Million Units), 2021-2026
Figure 29: India: Electric Two Wheeler (Lead Acid) Market: Sales Volume (in Million Units), 2015 & 2020
Figure 30: India: Electric Two Wheeler (Lead Acid) Market Forecast: Sales Volume (in Million Units), 2021-2026
Figure 31: India: Electric Two Wheeler Market: Breakup by Voltage (in %), 2020
Figure 32: India: Electric Two Wheeler (<36 V) Market: Sales Volume (in Million Units), 2015 & 2020
Figure 33: India: Electric Two Wheeler (<36 V) Market Forecast: Sales Volume (in Million Units), 2021-2026
Figure 34: India: Electric Two Wheeler (48 V) Market: Sales Volume (in Million Units), 2015 & 2020
Figure 35: India: Electric Two Wheeler (48 V) Market Forecast: Sales Volume (in Million Units), 2021-2026
Figure 36: India: Electric Two Wheeler (60 V) Market: Sales Volume (in Million Units), 2015 & 2020
Figure 37: India: Electric Two Wheeler (60 V) Market Forecast: Sales Volume (in Million Units), 2021-2026
Figure 38: India: Electric Two Wheeler (72 V) Market: Sales Volume (in Million Units), 2015 & 2020
Figure 39: India: Electric Two Wheeler (72 V) Market Forecast: Sales Volume (in Million Units), 2021-2026
Figure 40: India: Electric Two Wheeler Market: Breakup by Key Players (in %), 2020
Figure 41: India: Two Wheeler (<100cc) Market: Sales Volume (in Million Units), 2015 & 2020
Figure 42: India: Two Wheeler (<100cc) Market Forecast: Sales Volume (in Million Units), 2021-2026
Figure 43: India: Two Wheeler (100-125cc) Market: Sales Volume (in Million Units), 2015 & 2020
Figure 44: India: Two Wheeler (100-125cc) Market Forecast: Sales Volume (in Million Units), 2021-2026
Figure 45: India: Two Wheeler (126-180cc) Market: Sales Volume (in Million Units), 2015 & 2020
Figure 46: India: Two Wheeler (126-180cc) Market Forecast: Sales Volume (in Million Units), 2021-2026
Figure 47: India: Two Wheeler (181-250cc) Market: Sales Volume (in Million Units), 2015 & 2020
Figure 48: India: Two Wheeler (181-250cc) Market Forecast: Sales Volume (in Million Units), 2021-2026
Figure 49: India: Two Wheeler (251-500 cc) Market: Sales Volume (in Million Units), 2015 & 2020
Figure 50: India: Two Wheeler (251-500 cc) Market Forecast: Sales Volume (in Million Units), 2021-2026
Figure 51: India: Two Wheeler (501-800cc) Market: Sales Volume (in Million Units), 2015 & 2020
Figure 52: India: Two Wheeler (501-800cc) Market Forecast: Sales Volume (in Million Units), 2021-2026
Figure 53: India: Two Wheeler (801-1600cc) Market: Sales Volume (in Million Units), 2015 & 2020
Figure 54: India: Two Wheeler (801-1600cc) Market Forecast: Sales Volume (in Million Units), 2021-2026
Figure 55: India: Two Wheeler (>1600 cc) Market: Sales Volume (in Million Units), 2015 & 2020
Figure 56: India: Two Wheeler (>1600 cc) Market Forecast: Sales Volume (in Million Units), 2021-2026
Figure 57: North India: Two Wheeler Market: Sales Volume (in Million Units), 2015 & 2020
Figure 58: North India: Two Wheeler Market: Breakup by Top 5 Cities (in %), 2020
Figure 59: North India: Two Wheeler Market Forecast: Sales Volume (in Million Units), 2021-2026
Figure 60: West and Central India: Two Wheeler Market: Sales Volume (in Million Units), 2015 & 2020
Figure 61: West and Central India: Two Wheeler Market: Breakup by Top 5 Cities (in %), 2020
Figure 62: West and Central India: Two Wheeler Market Forecast: Sales Volume (in Million Units), 2021-2026
Figure 63: South India: Two Wheeler Market: Sales Volume (in Million Units), 2015 & 2020
Figure 64: South India: Two Wheeler Market: Breakup by Top 5 Cities (in %), 2020
Figure 65: South India: Two Wheeler Market Forecast: Sales Volume (in Million Units), 2021-2026
Figure 66: East India: Two Wheeler Market: Sales Volume (in Million Units), 2015 & 2020
Figure 67: East India: Two Wheeler Market: Breakup by Top 5 Cities (in %), 2020
Figure 68: East India: Two Wheeler Market Forecast: Sales Volume (in Million Units), 2021-2026 
Figure 69: India: Two Wheeler Industry: SWOT Analysis
Figure 70: India: Two Wheeler Industry: Value Chain Analysis
Figure 71: India: Two Wheeler Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: India: Two Wheeler Market: Key Industry Highlights, 2020 and 2026
Table 2: India: Two Wheeler Market Forecast: Breakup by Vehicle Type (in Million Units), 2021-2026
Table 3: India: Two Wheeler Market Forecast: Breakup by Engine Capacity (in Million Units), 2021-2026
Table 4: India: Two Wheeler Market Forecast: Breakup by Region (in Million Units), 2021-2026
Table 5: India: Two Wheeler Market: Competitive Structure
Table 6: India: Two Wheeler Market: Key Players

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