The Global Two-Wheeler Market size is estimated at USD 349.35 billion in 2024, and is expected to reach USD 393.16 billion by 2029, growing at a CAGR of 2.39% during the forecast period (2024-2029).
Key Highlights
- Largest Segment by Vehicle Type - ICE : ICE is the largest segment for 2-wheelers due to a lack of charging infrastructure, lesser mileage per charge, and longer charging times.
- Fastest-growing Segment by Vehicle Type - Electric : Due to rising fuel prices , pollution, and favorable government initiatives, many companies are developing electric two-wheelers for the general public, propelling the electric 2-wheelers growth.
- Fastest-growing Segment by Region - Africa : The Asia-Pacific region is expected to dominate the market due to rising public awareness of the environmental benefits of electric vehicles and rising gas and diesel prices.
- Largest Segment by Country - Mexico : More than 200 motorcycle manufacturers are located in China. Growing population, expansions and demand from other countries is making China the largest two wheeler market.
Two-Wheeler Industry Overview
The Global Two-Wheeler Market is fairly consolidated, with the top five companies occupying 93.10%. The major players in this market are Bajaj Auto Ltd, Hero MotoCorp Ltd., Honda Motorcycle and Scooter India Pvt. Ltd, TVS Motor Company Limited and Yamaha Motor India Pvt. Ltd. (sorted alphabetically).Additional Benefits:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
Table of Contents
1 EXECUTIVE SUMMARY & KEY FINDINGS2 REPORT OFFERS7 KEY STRATEGIC QUESTIONS FOR VEHICLES CEOS
3 INTRODUCTION
4 KEY INDUSTRY TRENDS
5 MARKET SEGMENTATION
6 COMPETITIVE LANDSCAPE
8 APPENDIX
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- AIMA Technology Group Co. Ltd
- Ather Energy Pvt. Ltd.
- Bajaj Auto Ltd
- Hero MotoCorp Ltd.
- Honda Motorcycle and Scooter India Pvt. Ltd
- Piaggio & C. SpA
- TVS Motor Company Limited
- YADEA Technology Group Co. Ltd
- Yamaha Motor India Pvt. Ltd.
Methodology
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