Markntel Advisors’ report, Two Wheeler Research Report: Trend, Business Growth, Size, Future Scope, Segmentation, Dynamics, and Forecast to 2028, offers a comprehensive guide for the growing industry. The expert team of analysts dedicated significant effort to gathering and evaluating the latest market data, resulting in a detailed and up-to-date report that offers valuable insights for individuals who rely on data-driven decisions, including business owners and analysts. The research report on the Two Wheeler presents well-researched facts and figures pertinent to the industry, whether the goal is to explore new markets, launch a new product, or maintain a competitive advantage.
Two Wheeler Market Research Report & Market Summary:
The Global Two-wheeler Market is projected to grow at a CAGR of around 8.0% during the forecast period, i.e., 2023-28. With comprehensive past adoption in racing, cruising, and sports-related activities, two wheeler vehicles, especially motorcycles that either run with the ignition of conventional gasoline or are powered by electricity, have found grounds over the years. Although the manufacturing of two-wheelers took a downturn with subsequent lockdowns and curfew situations due to the covid-19 pandemic, the demand side witnessed a swift surge. Moreover, customers displayed an increasing interest in such vehicles citing contamination risk while traveling through public transportation. Given this, most economies registered an inflated increase in two wheelers sales. For instance, North America and Europe recorded motorcycle and moped sales growth.
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Two Wheeler Market Dynamics:
Key Driver-
The Rapid Urbanization Prompting the Need for Compact Commuting Solutions – According to the United Nations (UN) Department of Economics and Social Affairs, it is predicted that 68% of the world population is expected to live in urban areas by 2050. As a result, the rising road congestion, insufficient mobility infrastructures, and lack of parking spaces necessitate the demand for compact commuting solutions in developed and developing economies, improving market growth.
Besides, standard bikes are witnessing accelerating demand over traditional motorcycles due to the low initial price driven by the developing economic strength of the urban middle-class population. Furthermore, the sudden surge in gasoline prices makes the urban and rural populace prefer mopeds, motorcycles, and standard bikes from four-wheelers. Other than this, the minimal maintenance required by such vehicles provides the necessary impetus required for further market expansion.
The Rapid Urbanization Prompting the Need for Compact Commuting Solutions –
Two Wheeler Market Segmentation Analysis:
According to MarkNtel study the market is segmented into the following categories:
By Type of Fuel
- Gasoline
- Petrol
- Diesel
- LPG/CNG
- Battery
By Vehicle Type
- Moped
- Scooter
- Motorcycle
By Application
- Personal Use
- Commercial Use
Among these two, Personal use accounted for the largest market share in the historical period as individuals are showing more appetite for two wheelers over its commercial adoption. This is because of the affordability and convenience offered by the transport system.
By Type of Engine Capacity
- Up to 125 cc
- 126 to 250 cc
- 251 to 500 cc
- Above 500 cc
By Region
- North America
- South America
- Europe
- Middle East & Africa
- Asia-Pacific.
Asia-Pacific is expected to dominate the two wheeler market, with a prominent share acquired by India and China during the projected period.
As indicated in the latest market research report published by Markntel Advisors, “Two Wheeler Research Report: Forecast (2023-2028)”, this report offers a detailed analysis of the industry, featuring insights into the Two Wheeler industry. It encompasses competitor and geographical analyses, as well as recent advancements in the market.
Browse Full Report Along with TOC and Figures – https://www.marknteladvisors.com/research-library/global-two-wheeler-market.html
Top Companies Operating in the Two Wheeler Market:
- Hero Moto Corp.
- Yamaha Motor Co., Ltd.
- Harley Davidson
- TVS Motors
- BMW Motorrad
- Piaggio & C.S. p.A
- Bajaj Auto Ltd.
- Kawasaki Heavy Industries, Ltd
- Suzuki Motor Corporation
- Honda Motor Co., Ltd.
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Key Report Highlights:
- Market Dimensions & Projections
- Pricing Evaluation,
- Recent Strategic Moves by Companies,
- Primary Stakeholders,
- Analysis of Import and Export Trends,
- Competitive Landscape Assessment,
- Emerging Opportunities,
- Market Trends and Indicators
Note – If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.
Frequently Asked Questions (FAQs)-
- What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
- What are the trends influencing the current scenario of the market?
- What leading factors would propel and impede the industry across the geography?
- How has the industry been evolving in terms of geography & Two Wheeler Market adoption?
- How has the competition been shaping up across the geography?
- Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?
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