Two-Wheeler Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Two-Wheeler Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Report Format: PDF+Excel | Report ID: SR112023A6618
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Market Overview:

The global two-wheeler market size reached US$ 121.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 181.6 Billion by 2028, exhibiting a growth rate (CAGR) of 7.00% during 2023-2028. The rising trend of personal vehicle ownership, the increasing number of female drivers, and the growing travel and tourism sector represent some of the key factors driving the market.

Two-wheelers refer to vehicles that are widely used for covering short distances in a versatile manner as they assist in easy maneuvering through congested roads. These vehicles primarily include motorcycles, mopeds, and scooters that are either manual or run on fuel-/electric-based motors. These variants differ from one another on account of numerous criteria, such as long-distance travel, cruising, racing, off-road riding, etc. Two-wheelers offer several advantages, including compact design, improved affordability, and enhanced fuel efficiency. Apart from this, they are also characterized by numerous operational benefits and low maintenance costs, thereby providing an economical mode of transportation compared to three- or four-wheeler vehicles. Additionally, two-wheelers reduce reliance on public transit systems and decrease travel time.

The escalating demand for affordable and quick commute options with last-mile connectivity is primarily driving the global two-wheeler market. In addition to this, the rising trend of personal vehicle ownership, particularly among the millennial population, is also creating a positive outlook for the market. Moreover, the increasing number of female drivers on account of the growing participation in the workforce is encouraging the key players to introduce customized vehicles designed to cater to their preferences. This, in turn, is further bolstering the market growth. Apart from this, several government bodies are extensively promoting the adoption of electric and hybrid two-wheelers using economic incentives and supportive policies to achieve their committed emission targets to combat climate change, thereby propelling the product demand. Additionally, the widespread utilization of electric two-wheelers by logistics companies to provide convenient and quick delivery services on account of the expanding e-commerce industry is also acting as a significant growth-inducing factor. Furthermore, the growing travel and tourism sector across the globe has led to the emergence of bike rental services, which is further bolstering the market growth. Besides this, the introduction of several technological advancements, including ride-by-wire, anti-braking systems, traction control/wheelie control, etc., is expected to drive the global two-wheeler market during the forecast period.  

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global two-wheeler market, along with forecasts at the global, regional, and country level from 2023-2028. Our report has categorized the market based on type, technology, transmission, engine capacity, fuel type, end-user, distribution channel, and region.

Type Insights

  • Scooters
  • Mopeds
  • Motorcycle
  • Electric Two-Wheeler
     

The report has provided a detailed breakup and analysis of the global two-wheeler market based on the type. This includes scooters, mopeds, motorcycle, and electric two-wheeler. According to the report, motorcycle represented the largest segment.

Technology Insights

  • ICE
  • Electric
     

A detailed breakup and analysis of the global two-wheeler market based on the technology has also been provided in the report. This includes ICE and electric. According to the report, ICE accounted for the largest market share.

Transmission Insights

  • Manual
  • Automatic
     

The report has provided a detailed breakup and analysis of the global two-wheeler market based on the transmission. This includes manual and automatic. According to the report, manual represented the largest segment.

Engine Capacity Insights

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

A detailed breakup and analysis of the global two-wheeler market based on the engine capacity has also been provided in the report. This includes <100cc, 100-125cc, 126-180cc, 181-250cc, 251-500cc, 501-800cc, 801-1600cc, and >1600cc. According to the report, 100-125cc accounted for the largest market share.

Fuel Type Insights

  • Gasoline
  • Petrol
  • Diesel
  • LPG/CNG
  • Battery
     

The report has provided a detailed breakup and analysis of the global two-wheeler market based on the fuel type. This includes gasoline, petrol, diesel, LPG/CNG, and battery. According to the report, petrol represented the largest segment.

End-User Insights

  • Personal
  • Commercial
     

A detailed breakup and analysis of the two-wheeler market based on the end-user has also been provided in the report. This includes personal and commercial. According to the report, personal accounted for the largest market share.

Distribution Channel Insights

  • Offline Channels
  • Online Channels
     

The report has provided a detailed breakup and analysis of the two-wheeler market based on the distribution channel. This includes offline channels and online channels. According to the report, offline channels represented the largest segment.

Regional Insights

  • North America
    • United States
    • Canada
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
  • Latin America
    • Brazil
    • Mexico
  • Middle East and Africa
     

The report has also provided a comprehensive analysis of all the major regional markets that include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, and Spain); Asia Pacific (China, Japan, India, South Korea, Australia, and Indonesia); Latin America (Brazil and Mexico); and Middle East and Africa. According to the report, Asia Pacific was the largest market for two-wheelers. Some of the factors driving the Asia Pacific two-wheeler market included the widespread adoption of electric and hybrid two-wheelers, the increasing number of female drivers, rising demand for quick and last-mile connectivity commute options, etc.

Competitive Landscape

The report has also provided a comprehensive analysis of the competitive landscape in the global two-wheeler market. Detailed profiles of all major companies have also been provided. Some of the companies covered include Harley Davidson, Hero MotoCorp Ltd., Honda Motor Co., Ltd., Suzuki Motor Corporation, Yamaha Motor Co., Ltd., etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

Report Coverage:

Report Features Details
Base Year of the Analysis 2022
    Historical Period 2017-2022
Forecast Period 2023-2028
Units US$ Billion
Segment Coverage Type, Technology, Transmission, Engine Capacity, Fuel Type, End-User, Distribution Channel, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Harley Davidson, Hero MotoCorp Ltd., Honda Motor Co., Ltd., Suzuki Motor Corporation, Yamaha Motor Co., Ltd., etc.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 4499
Five User License: US$ 5999
Corporate License: US$ 7499
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 global two-wheeler market performed so far and how will it perform in the coming years?
  • What are the drivers, restraints, and opportunities in the global two-wheeler market?
  • What are the key regional markets?
  • Which countries represent the most attractive two-wheeler markets?
  • What is the breakup of the market based on the type?
  • What is the breakup of the market based on the technology?
  • What is the breakup of the market based on the transmission?
  • What is the breakup of the market based on the engine capacity?
  • What is the breakup of the market based on the fuel type?
  • What is the breakup of the market based on the end-user?
  • What is the breakup of the market based on the distribution channel?
  • What is the competitive structure of the global two-wheeler market?
  • Who are the key players/companies in the global two-wheeler market?
     

Key Benefits for Stakeholders:

  • IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the global two-wheeler market from 2017-2028.
  • The research study provides the latest information on the market drivers, challenges, and opportunities in the global two-wheeler market.
  • The study maps the leading as well as the fastest growing regional markets. It further enables stakeholders to identify the key country-level markets within each region.
  • Porter's five forces analysis assists stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the two-wheeler industry and its attractiveness.
  • The competitive landscape allows stakeholders to understand their competitive environment and provides insight into the current positions of key players in the market.

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
Two-Wheeler Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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