The Latin America two-wheeler components market is expected to exhibit a CAGR of
3.2% during 2022-2027.
Two-wheeler components refer to automotive parts that are mainly installed in scooters, motorcycles, and mopeds. They are primarily manufactured by using steel, aluminum, carbon fiber, titanium, polymers, etc. Some of the common two-wheeler components include filters, drivetrain, engine, exhaust components, fuel injection systems, ignition systems, tires, brakes, suspension systems, etc. These components are widely adopted for providing enhanced vehicle performance, better fuel efficiency, compact design, etc. In Latin America, the rising adoption of two-wheelers for their lower cost, fuel efficiency and easy maneuvering through congested roads is propelling the market for two-wheeler components.
The emerging trend of personal vehicle ownership, particularly among the millennial population, is currently driving the demand for two-wheelers in the region. Furthermore, the growing number of women commuters in Latin America is also augmenting the market growth. Several regional manufacturers are introducing specialized vehicles with compact and lightweight components to cater to the preferences of the women population, thereby bolstering the market. Apart from this, the rising sales of secondhand two-wheelers are also catalyzing the demand for automotive components in repair and refurbishment activities. Moreover, the increasing penetration of various international two-wheeler OEMs in the region has led to the launch of advanced and highly-powered components for two-wheelers. Besides this, the growing environmental concerns towards rising vehicular pollution levels have led to a gradual shift from fuel-based two-wheelers towards their electric alternatives. This has led to the emergence of hybrid and battery-based automotive components for reducing carbon emissions and enhancing vehicular performance of two-wheelers.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the Latin America two-wheeler components market report, along with forecasts at the regional and country level from 2022-2027. Our report has categorized the market based on components, vehicle type, engine capacity and distribution channel.
Breakup by Components:
Filters
Drivetrain and Components
Engine and Exhaust Components
Fuel Injection Systems
Ignition System
Tires
Brakes and Components
Suspension Systems
Others
Breakup by Vehicle Type:
Motorcycle
Scooters
Breakup by Engine Capacity:
Up-To 125cc
126-250cc
251-500cc
Above 500cc
Breakup by Distribution Channel:
OEM
Aftermarket
Breakup by Country:
Brazil
Mexico
Argentina
Colombia
Chile
Peru
Others
Competitive Landscape:
The competitive landscape of the industry has also been examined with some of the key players being Bajaj Auto Limited, Fras Le. Brazil, Harley-Davidson Inc, Hella KGaA Hueck & Co (HELLA GmbH & Co. KGaA), KYB Corporation, Robert Bosch (Robert Bosch Stiftung Gmbh), Tenneco Inc, TVS Motor Company (Sundaram- Clayton Limited), Yamaha Motor Co. Ltd. and ZF Friedrichshafen AG.
Report Coverage:
Report Features
Details
Base Year of the Analysis
2021
Historical Period
2016-2021
Forecast Period
2022-2027
Units
US$ Billion
Segment Coverage
Components, Vehicle Type, Engine Capacity, Distribution Channel, Country
Countries Covered
Brazil, Mexico, Argentina, Colombia, Chile, Peru, Others
Companies Covered
Bajaj Auto Limited, Fras Le. Brazil, Harley-Davidson Inc, Hella KGaA Hueck & Co (HELLA GmbH & Co. KGaA), KYB Corporation, Robert Bosch (Robert Bosch Stiftung Gmbh), Tenneco Inc, TVS Motor Company (Sundaram- Clayton Limited), Yamaha Motor Co. Ltd. and ZF Friedrichshafen AG
Customization Scope
10% Free Customization
Report Price and Purchase Option
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 Latin America two-wheeler components market performed so far and how will it perform in the coming years?
What are the key regional markets?
What has been the impact of COVID-19 on the Latin America two-wheeler components market?
What is the breakup of the market based on the components?
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 distribution channel?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the market?
What is the structure of the Latin America two-wheeler components market and who are the key players?
What is the degree of competition in the market?
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