Latin America Two-Wheeler Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Latin America Two-Wheeler Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Report Format: PDF+Excel | Report ID: SR112023A3315
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Market Overview:

The Latin America two-wheeler market reached a volume of 9.1 Million Units in 2021. Looking forward, IMARC Group expects the market to reach 20.9 Million Units by 2027, exhibiting a CAGR of 14.6% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Two-wheeler vehicles mainly include scooters, motorcycles, and mopeds. The high adoption rate of two-wheelers can be primarily attributed to their enhanced fuel efficiency, compact design, cost-effectiveness, and lower carbon emissions. Two-wheelers are one of the most versatile modes of transportation, particularly for easy maneuvering through congested roads.

 

 
 

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The prevalent trend of personal vehicle ownership, particularly among the millennial population, is driving the demand for two-wheelers in Latin America. Additionally, the increasing number of women commuters, especially across Brazil, Mexico, Argentina, etc., is also augmenting the sales of two-wheelers. In line with this, several regional manufacturers are launching specialized vehicles designed to cater to the preferences of the women population. Moreover, the growing penetration of various international two-wheeler OEMs in the region is also driving the market growth. In line with this, improving consumer living standards supported by their rising disposable income levels are catalyzing the demand for advanced and highly-powered motorcycles and scooters. Furthermore, the rapid launch of new, attractive two-wheeler models equipped with the latest technologies at affordable prices is also propelling the market in Latin America. Apart from this, the rising environmental concerns towards increasing vehicular pollution levels have augmented the need for electric two-wheelers. In the coming years, the growing number of government initiatives for promoting the adoption of electric and hybrid two-wheelers will continue to drive the market growth in Latin America.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the Latin America two-wheeler market, along with forecasts at the regional and country level from 2022-2027. Our report has categorized the market based on vehicle type, fuel type, engine capacity and technology.

Breakup by Vehicle Type:

 

 
 

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  • Motorcycle
  • Scooter
  • Moped
     

Breakup by Fuel Type:

  • Gasoline
  • Electric
     

Breakup by Engine Capacity:

  • Less than 100cc
  • 100-125cc
  • 126-250cc
  • 250-500cc
  • More than 500cc
     

Breakup by Technology:

  • Manual
  • Automatic
     

Breakup by Country:

  • Brazil
  • Mexico
  • Colombia
  • Argentina
  • Peru
  • Ecuador
  • Chile
  • Others
     

Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being Bajaj Auto Limited (Bajaj Group), Dafra Motos (Itavema S/A), Honda de México S.A. de C.V. (The Honda Motor Company Ltd.), Kawasaki Motors Manufacturing Corp. U.S.A. (Kawasaki Heavy Industries, Ltd.), Lifan Industry (Group) Co. Ltd, Motomel S.A., Shineray Do Brasil SA, Suzuki Motor Corporation, TVS Motor México (TVS Motor Company Limited), Wanxin Group International, Yamaha Motor de México SA de CV (Yamaha Motor Co. Ltd.), Zanella Hnos & Cia SACIFI., Zongshen Automobile Industry Manufacturing Co. Ltd. (Zongshen Industry Group Co. Ltd.).

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units Million Units
Segment Coverage Vehicle Type, Fuel Type, Engine Capacity, Technology, Country
Countries Covered Brazil, Mexico, Colombia, Argentina, Peru, Ecuador, Chile, Others
Companies Covered Bajaj Auto Limited (Bajaj Group), Dafra Motos (Itavema S/A), Honda de México S.A. de C.V. (The Honda Motor Company Ltd.), Kawasaki Motors Manufacturing Corp. U.S.A. (Kawasaki Heavy Industries, Ltd.), Lifan Industry (Group) Co. Ltd, Motomel S.A., Shineray Do Brasil SA, Suzuki Motor Corporation, TVS Motor México (TVS Motor Company Limited), Wanxin Group International, Yamaha Motor de México SA de CV (Yamaha Motor Co. Ltd.), Zanella Hnos & Cia SACIFI. and Zongshen Automobile Industry Manufacturing Co. Ltd. (Zongshen Industry Group Co. Ltd.)
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2699
Five User License: US$ 3699
Corporate License: US$ 4699
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 market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the Latin America 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 fuel type?
  • What is the breakup of the market based on the engine capacity?
  • What is the breakup of the market based on the technology?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the Latin America two-wheeler market and who are the key players?
  • What is the degree of competition in the industry?

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Latin America Two-Wheeler Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027
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