Two Wheeler Market Landscape: Comprehensive Size and Growth Analysis for 2023-2028

MarkNtel Advisors analyses the growth rate of the Two Wheeler market in the forecast period from 2023 to 2028. In addition to comprehensive market insights such as market value, growth rate, market segmentation, key market players, and market dynamic. This detailed analysis aims to provide valuable information for stakeholders in the Two Wheeler market, helping them make informed decisions.

Market Outlook – 2023-2028:

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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Key Company Profiles

This report explores recent significant developments in the Two Wheeler Market, focusing on the leading companies and their innovative profiles. The major players in the Two Wheeler Market, featured in this report, include:

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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Market Segmentation Coverage

This research report by MarkNtel Advisors categorizes the Two Wheeler Market to forecast revenues and analyse trends across each of the following sub-markets:

By Type of Fuel
- Gasoline
- Petrol
- Diesel
- LPG/CNG
- Battery

Among its peers, Motorcycles acquired the largest share and are anticipated to grow drastically in the forecasted time frame.

By Vehicle Type
- Moped
- Scooter
- Motorcycle
By Application
- Personal Use
- Commercial Use
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

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What are the primary factors driving the growth of the Global Two Wheeler Market?

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.

Key Questions Addressed:

Market Size and Growth Projections: What is the current size of the market, and how is it expected to grow?
Investment Opportunities: Which products, segments, and regions present the most attractive investment opportunities?
Technology Trends and Regulatory Influences: What are the prevailing technology trends and regulatory factors influencing the market?
Competitive Ranking: How do top vendors rank regarding market share and competitive positioning?
Revenue Sources and Strategic Opportunities: What revenue sources and strategic opportunities guide vendors' market entry or exit decisions?

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