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India Two Wheeler Market Expanding at a CAGR of 18.6% during 2022-2027

According to the latest report by IMARC Group, titled India Two Wheeler Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the India two-wheeler market to reach 42.2 Million Units by 2027, exhibiting a CAGR of 18.6% during 2022-2027.

Two wheelers refer to vehicles such as motorcycles, bicycles, mopeds, scooters, etc. They can be manual or operated on electric- and fuel-based motors. Two wheelers have several benefits over three or four-wheeled vehicles, including maneuverability, higher fuel efficiency, cost-effectiveness, lower carbon emissions, etc. Additionally, they reduce dependency on public transit systems and decrease travel time.

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

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Market Trends:

The escalating levels of urbanization coupled with the inflating disposable incomes of the consumers are primarily augmenting the growth of India two wheeler market. In addition to this, the improving living standards and the growing number of female drivers are also driving the sales of two-wheelers in the country. Besides this, the increasing environmental awareness towards high vehicular pollution from heavy-duty automobiles is further creating a positive outlook for the market. Apart from this, the soaring popularity of electric and hybrid two-wheelers that emit lower carbon emissions is acting as a significant growth-inducing factor. Furthermore, the expanding tourism industry is fueling the requirement for two-wheeler rentals, thereby stimulating the product demand in the country. Additionally, the emergence of several advanced technologies, such as anti-braking systems, ride-by-wire, traction/wheelie control, etc., is anticipated to catalyze the market for two wheelers in India during the forecast period.

India Two Wheeler Market 2022-2027 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

Hero MotoCorp Ltd
Honda Motorcycle and Scooter India Pvt. Ltd
TVS Motor Company Limited
Bajaj Auto Ltd
Royal Enfield Ltd. India
Suzuki Motorcycle India Pvt. Ltd
Yamaha Motor India Pvt. Ltd
Triumph Motorcycles (India) Private Limited
BMW India Private Limited
Ducati India Private Limited
Ather Energy Pvt. Ltd
Revolt Motors
Lohia Auto Industries
Okinawa Autotech Pvt. Ltd
Ola Electric Mobility Pvt Ltd

The report has segmented the market on the basis on region, vehicle type, engine capacity.

Breakup by Vehicle Type:

  • Motorcycle
  • Scooter
  • Moped
  • Electric Two Wheeler

Breakup by Engine Capacity:

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

Breakup by Region:

  • North India
  • East India
  • West and Central India
  • South India

Ask Analyst for Customization and Explore Full Report with TOC & List of Figure: https://bit.ly/3qDqZmR

Key highlights of the report:

  • Market Performance (2016-2021)
  • Market Outlook (2022- 2027)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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