Latin America Two-Wheeler Market Report by Vehicle Type (Motorcycle, Scooter, Moped), Fuel Type (Gasoline, Electric), Engine Capacity (Less Than 100cc, 100-125cc, 126-250cc, 250-500cc, More Than 500cc), Technology (Manual, Automatic), and Country 2024-2032

Latin America Two-Wheeler Market Report by Vehicle Type (Motorcycle, Scooter, Moped), Fuel Type (Gasoline, Electric), Engine Capacity (Less Than 100cc, 100-125cc, 126-250cc, 250-500cc, More Than 500cc), Technology (Manual, Automatic), and Country 2024-2032

Report Format: PDF+Excel | Report ID: SR112024A3315
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Market Overview:

The Latin America two-wheeler market size reached 12.1 Million Units in 2023. Looking forward, IMARC Group expects the market to reach 36.2 Million Units by 2032, exhibiting a growth rate (CAGR) of 12.6% during 2024-2032.

Report Attribute 
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
12.1 Million Units
Market Forecast in 2032
36.2 Million Units
Market Growth Rate (2024-2032) 12.6%


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.

 
 

 

Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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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 report, along with forecasts at the regional and country levels from 2024-2032. Our report has categorized the market based on vehicle type, fuel type, engine capacity and technology.

Breakup by Vehicle Type:

 
 

 

Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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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., and Zongshen Automobile Industry Manufacturing Co. Ltd. (Zongshen Industry Group Co. Ltd.).

Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
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$ 3699
Five User License: US$ 4699
Corporate License: US$ 5699
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

The Latin America two-wheeler market reached a volume of 12.1 Million Units in 2023. 

We expect the Latin America two-wheeler market to exhibit a CAGR of 12.6% during 2024-2032.

The emerging trend of personal vehicle ownership, along with the rising adoption of two-wheelers, owing to their enhanced fuel efficiency, compact design, cost-effectiveness, lower carbon emissions, etc., is primarily driving the Latin America two-wheeler market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several Latin American nations, resulting in the temporary closure of numerous manufacturing units for two-wheelers.

Based on the vehicle type, the Latin America two-wheeler market can be bifurcated into motorcycle, scooter, and moped. Currently, motorcycle holds the largest market share.

On a regional level, the market has been classified into Brazil, Mexico, Colombia, Argentina, Peru, Ecuador, Chile, and others, where Brazil currently dominates the Latin America two-wheeler market.

Some of the major players in the Latin America two-wheeler market include 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.).

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Latin America Two-Wheeler Market Report by Vehicle Type (Motorcycle, Scooter, Moped), Fuel Type (Gasoline, Electric), Engine Capacity (Less Than 100cc, 100-125cc, 126-250cc, 250-500cc, More Than 500cc), Technology (Manual, Automatic), and Country 2024-2032
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