Latin America Two-Wheeler Market

Market Overview:

The Latin America two-wheeler market grew at a CAGR of around 7% during 2015-2020. 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.

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. Looking forward, IMARC Group expects the Latin America two-wheeler market to exhibit continuous growth during the next five years.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the Latin America 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, fuel type, engine capacity and technology.

Breakup by Vehicle Type:

• 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., Motor Uno S A S, 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.).

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?

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    Introduction
    4.1    Overview
    4.2    Key Industry Trends
5    Latin America Two-Wheeler Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Vehicle Type
    6.1    Motorcycle 
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Scooter
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Moped
        6.3.1 Market Trends
        6.3.2 Market Forecast
7    Market Breakup by Fuel Type
    7.1    Gasoline 
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Electric 
        7.2.1 Market Trends
        7.2.2 Market Forecast
8    Market Breakup by Engine Capacity
    8.1    Less than 100cc
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    100-125cc
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    126-250cc 
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    250-500cc
        8.4.1 Market Trends
        8.4.2 Market Forecast
    8.5    More than 500cc
        8.5.1 Market Trends
        8.5.2 Market Forecast
9    Market Breakup by Technology
    9.1    Manual
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Automatic
        9.2.1 Market Trends
        9.2.2 Market Forecast
10    Market Breakup by Country
    10.1    Brazil
        10.1.1 Market Trends
        10.1.2 Market Breakup by Vehicle Type 
        10.1.3 Market Breakup by Fuel Type 
        10.1.4 Market Breakup by Engine Capacity 
        10.1.5 Market Breakup by Technology 
        10.1.6 Market Forecast
    10.2    Mexico
        10.2.1 Market Trends
        10.2.2 Market Breakup by Vehicle Type 
        10.2.3 Market Breakup by Fuel Type 
        10.2.4 Market Breakup by Engine Capacity 
        10.2.5 Market Breakup by Technology 
        10.2.6 Market Forecast
    10.3    Colombia 
        10.3.1 Market Trends
        10.3.2 Market Breakup by Vehicle Type 
        10.3.3 Market Breakup by Fuel Type 
        10.3.4 Market Breakup by Engine Capacity 
        10.3.5 Market Breakup by Technology 
        10.3.6 Market Forecast
    10.4    Argentina 
        10.4.1 Market Trends
        10.4.2 Market Breakup by Vehicle Type 
        10.4.3 Market Breakup by Fuel Type 
        10.4.4 Market Breakup by Engine Capacity 
        10.4.5 Market Breakup by Technology 
        10.4.6 Market Forecast
    10.5    Peru 
        10.5.1 Market Trends
        10.5.2 Market Breakup by Vehicle Type 
        10.5.3 Market Breakup by Fuel Type 
        10.5.4 Market Breakup by Engine Capacity 
        10.5.5 Market Breakup by Technology 
        10.5.6 Market Forecast
    10.6    Ecuador 
        10.6.1 Market Trends
        10.6.2 Market Breakup by Vehicle Type 
        10.6.3 Market Breakup by Fuel Type 
        10.6.4 Market Breakup by Engine Capacity 
        10.6.5 Market Breakup by Technology 
        10.6.6 Market Forecast
    10.7    Chile 
        10.7.1 Market Trends
        10.7.2 Market Breakup by Vehicle Type 
        10.7.3 Market Breakup by Fuel Type 
        10.7.4 Market Breakup by Engine Capacity 
        10.7.5 Market Breakup by Technology 
        10.7.6 Market Forecast
    10.8    Others 
        10.8.1 Market Trends
        10.8.2 Market Breakup by Vehicle Type 
        10.8.3 Market Breakup by Fuel Type 
        10.8.4 Market Breakup by Engine Capacity 
        10.8.5 Market Breakup by Technology 
        10.8.6 Market Forecast
11    SWOT Analysis
    11.1    Overview
    11.2    Strengths
    11.3    Weaknesses
    11.4    Opportunities
    11.5    Threats
12    Value Chain Analysis
13    Porters Five Forces Analysis
    13.1    Overview
    13.2    Bargaining Power of Buyers
    13.3    Bargaining Power of Suppliers
    13.4    Degree of Competition
    13.5    Threat of New Entrants
    13.6    Threat of Substitutes
14    Price Analysis
15    Competitive Landscape
    15.1    Market Structure
    15.2    Key Players
    15.3    Profiles of Key Players
        15.3.1    Bajaj Auto Limited (Bajaj Group)
            15.3.1.1 Company Overview
            15.3.1.2 Product Portfolio 
            15.3.1.3 Financials
        15.2.2    Dafra Motos (Itavema S/A)
            15.3.2.1 Company Overview
            15.3.2.2 Product Portfolio 
        15.3.3    Honda de México S.A. de C.V. (The Honda Motor Company Ltd.)
            15.3.3.1 Company Overview
            15.3.3.2 Product Portfolio 
        15.3.4     Kawasaki Motors Manufacturing Corp. U.S.A. (Kawasaki Heavy Industries Ltd.)
            15.3.4.1 Company Overview
            15.3.4.2 Product Portfolio 
        15.3.5    Lifan Industry (Group) Co., Ltd.
            15.3.5.1 Company Overview
            15.3.5.2 Product Portfolio 
            15.3.5.3 Financials
        15.3.6    Motomel S.A.
            15.3.6.1 Company Overview
            15.3.6.2 Product Portfolio 
        15.3.7    Shineray Do Brasil SA
            15.3.7.1 Company Overview
            15.3.7.2 Product Portfolio 
        15.3.8    Suzuki Motor Corporation
            15.3.8.1 Company Overview
            15.3.8.2 Product Portfolio 
            15.3.8.3 Financials
            15.3.8.4 SWOT Analysis
        15.3.9    TVS Motor México (TVS Motor Company Limited)
            15.3.9.1 Company Overview
            15.3.9.2 Product Portfolio 
        15.3.10    Wanxin Group International
            15.3.10.1 Company Overview
            15.3.10.2 Product Portfolio 
        15.3.11    Yamaha Motor de México SA de CV (Yamaha Motor Co. Ltd.)
            15.3.11.1 Company Overview
            15.3.11.2 Product Portfolio 
        15.3.12    Zanella Hnos & Cia SACIFI
            15.3.12.1 Company Overview
            15.3.12.2 Product Portfolio 
        15.3.13   Zongshen Automobile Industry Manufacturing Co. Ltd. (Zongshen Industry Group Co. Ltd.).
            15.3.13.1 Company Overview
            15.3.13.2 Product Portfolio

List of Figures

Figure 1: Latin America: Two-Wheeler Market: Major Drivers and Challenges
Figure 2: Latin America: Two-Wheeler Market: Sales Value (in Million US$), 2015-2020
Figure 3: Latin America: Two-Wheeler Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 4: Latin America: Two-Wheeler Market: Breakup by Vehicle Type (in %), 2020
Figure 5: Latin America: Two-Wheeler Market: Breakup by Fuel Type (in %), 2020
Figure 6: Latin America: Two-Wheeler Market: Breakup by Engine Capacity (in %), 2020
Figure 7: Latin America: Two-Wheeler Market: Breakup by Technology (in %), 2020
Figure 8: Latin America: Two-Wheeler Market: Breakup by Country (in %), 2020
Figure 9: Latin America: Two-Wheeler (Motorcycle) Market: Sales Value (in Million US$), 2015 & 2020
Figure 10: Latin America: Two-Wheeler (Motorcycle) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 11: Latin America: Two-Wheeler (Scooter) Market: Sales Value (in Million US$), 2015 & 2020
Figure 12: Latin America: Two-Wheeler (Scooter) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 13: Latin America: Two-Wheeler (Moped) Market: Sales Value (in Million US$), 2015 & 2020
Figure 14: Latin America: Two-Wheeler (Moped) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 15: Latin America: Two-Wheeler (Gasoline) Market: Sales Value (in Million US$), 2015 & 2020
Figure 16: Latin America: Two-Wheeler (Gasoline) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 17: Latin America: Two-Wheeler (Electric) Market: Sales Value (in Million US$), 2015 & 2020
Figure 18: Latin America: Two-Wheeler (Electric) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 19: Latin America: Two-Wheeler (Less than 100cc) Market: Sales Value (in Million US$), 2015 & 2020
Figure 20: Latin America: Two-Wheeler (Less than 100cc) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 21: Latin America: Two-Wheeler (100-125cc) Market: Sales Value (in Million US$), 2015 & 2020
Figure 22: Latin America: Two-Wheeler (100-125cc) Market Forecast: Sales Value (in Million US$), 2021-226
Figure 23: Latin America: Two-Wheeler (126-250cc) Market: Sales Value (in Million US$), 2015 & 2020
Figure 24: Latin America: Two-Wheeler (126-250cc) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 25: Latin America: Two-Wheeler (250-500cc) Market: Sales Value (in Million US$), 2015 & 2020
Figure 26: Latin America: Two-Wheeler (250-500cc) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 27: Latin America: Two-Wheeler (More than 500cc) Market: Sales Value (in Million US$), 2015 & 2020
Figure 28: Latin America: Two-Wheeler (More than 500cc) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 29: Latin America: Two-Wheeler (Manual) Market: Sales Value (in Million US$), 2015 & 2020
Figure 30: Latin America: Two-Wheeler (Manual) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 31: Latin America: Two-Wheeler (Automatic) Market: Sales Value (in Million US$), 2015 & 2020
Figure 32: Latin America: Two-Wheeler (Automatic) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 33: Brazil: Lithium-ion Battery Market: Sales Value (in Million US$), 2015 & 2020
Figure 34: Brazil: Lithium-ion Battery Market: Breakup by Vehicle Type (in %), 2020
Figure 35: Brazil: Lithium-ion Battery Market: Breakup by Fuel Type (in %), 2020
Figure 36: Brazil: Lithium-ion Battery Market: Breakup by Engine Capacity (in %), 2020
Figure 37: Brazil: Lithium-ion Battery Market: Breakup by Technology (in %), 2020
Figure 38: Brazil: Lithium-ion Battery Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 39: Mexico: Lithium-ion Battery Market: Sales Value (in Million US$), 2015 & 2020
Figure 40: Mexico: Lithium-ion Battery Market: Breakup by Vehicle Type (in %), 2020
Figure 41: Mexico: Lithium-ion Battery Market: Breakup by Fuel Type (in %), 2020
Figure 42: Mexico: Lithium-ion Battery Market: Breakup by Engine Capacity (in %), 2020
Figure 43: Mexico: Lithium-ion Battery Market: Breakup by Technology (in %), 2020
Figure 44: Mexico: Lithium-ion Battery Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 45: Colombia: Lithium-ion Battery Market: Sales Value (in Million US$), 2015 & 2020
Figure 46: Colombia: Lithium-ion Battery Market: Breakup by Vehicle Type (in %), 2020
Figure 47: Colombia: Lithium-ion Battery Market: Breakup by Fuel Type (in %), 2020
Figure 48: Colombia: Lithium-ion Battery Market: Breakup by Engine Capacity (in %), 2020
Figure 49: Colombia: Lithium-ion Battery Market: Breakup by Technology (in %), 2020
Figure 50: Colombia: Lithium-ion Battery Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 51: Argentina: Lithium-ion Battery Market: Sales Value (in Million US$), 2015 & 2020
Figure 52: Argentina: Lithium-ion Battery Market: Breakup by Vehicle Type (in %), 2020
Figure 53: Argentina: Lithium-ion Battery Market: Breakup by Fuel Type (in %), 2020
Figure 54: Argentina: Lithium-ion Battery Market: Breakup by Engine Capacity (in %), 2020
Figure 55: Argentina: Lithium-ion Battery Market: Breakup by Technology (in %), 2020
Figure 56: Argentina: Lithium-ion Battery Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 57: Peru: Lithium-ion Battery Market: Sales Value (in Million US$), 2015 & 2020
Figure 58: Peru: Lithium-ion Battery Market: Breakup by Vehicle Type (in %), 2020
Figure 59: Peru: Lithium-ion Battery Market: Breakup by Fuel Type (in %), 2020
Figure 60: Peru: Lithium-ion Battery Market: Breakup by Engine Capacity (in %), 2020
Figure 61: Peru: Lithium-ion Battery Market: Breakup by Technology (in %), 2020
Figure 62: Peru: Lithium-ion Battery Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 63: Ecuador: Lithium-ion Battery Market: Sales Value (in Million US$), 2015 & 2020
Figure 64: Ecuador: Lithium-ion Battery Market: Breakup by Vehicle Type (in %), 2020
Figure 65: Ecuador: Lithium-ion Battery Market: Breakup by Fuel Type (in %), 2020
Figure 66: Ecuador: Lithium-ion Battery Market: Breakup by Engine Capacity (in %), 2020
Figure 67: Ecuador: Lithium-ion Battery Market: Breakup by Technology (in %), 2020
Figure 68: Ecuador: Lithium-ion Battery Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 69: Chile: Lithium-ion Battery Market: Sales Value (in Million US$), 2015 & 2020
Figure 70: Chile: Lithium-ion Battery Market: Breakup by Vehicle Type (in %), 2020
Figure 71: Chile: Lithium-ion Battery Market: Breakup by Fuel Type (in %), 2020
Figure 72: Chile: Lithium-ion Battery Market: Breakup by Engine Capacity (in %), 2020
Figure 73: Chile: Lithium-ion Battery Market: Breakup by Technology (in %), 2020
Figure 74: Chile: Lithium-ion Battery Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 75: Others: Lithium-ion Battery Market: Sales Value (in Million US$), 2015 & 2020
Figure 76: Others: Lithium-ion Battery Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 77: Latin America: Two-Wheeler Industry: SWOT Analysis
Figure 78: Latin America: Two -Wheeler Industry: Value Chain Analysis
Figure 79: Latin America: Two -Wheeler Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: Latin America: Two-Wheeler Market: Key Industry Highlights, 2020 and 2026
Table 2: Latin America: Two-Wheeler Market Forecast: Breakup by Vehicle Type (in Million US$), 2021-2026
Table 3: Latin America: Two-Wheeler Market Forecast: Breakup by Fuel Type (in Million US$), 2021-2026
Table 4: Latin America: Two-Wheeler Market Forecast: Breakup by Engine Capacity (in Million US$), 2021-2026
Table 5: Latin America: Two-Wheeler Market Forecast: Breakup by Technology (in Million US$), 2021-2026
Table 6: Latin America: Two-Wheeler Market Forecast: Breakup by Country (in Million US$), 2021-2026
Table 7: Latin America: Two-Wheeler Market: Competitive Structure
Table 8: Latin America: Two-Wheeler Market: Key Players