India Two Wheeler Market Share, Size, Outlook, Trends and Forecast 2023-28

According to the latest report by IMARC Group, titled India Two Wheeler Market by Type (Scooters, Mopeds, Motorcycle, Electric Two-Wheeler), Technology (ICE, Electric), Transmission (Manual, Automatic), Engine Capacity (<100cc, 100-125cc, 126-180cc, 181-250cc, 251-500cc, 501-800cc, 801-1600cc, >1600cc), Fuel Type (Gasoline, Petrol, Diesel, LPG/CNG, Battery), End-User (Personal, Commercial), Distribution Channel (Offline Channels, Online Channels) and Region 2023-2028.The India two-wheeler market size reached a volume of 18 Million Units in 2022. Looking forward, IMARC Group expects the market to reach a volume of 48.1 Million Units by 2028, exhibiting a growth rate (CAGR) of 17.80% during 2023-2028.

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.

India Two Wheeler 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.

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India Two Wheeler Market 2023-2028 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.

  • 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.

Type Insights

  • Scooters

  • Mopeds

  • Motorcycle

  • Electric Two Wheeler

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

Regional Insights

  • North India

  • East India

  • West and Central India

  • South India

The report has also provided a comprehensive analysis of all the major regional markets that include North India, West and Central India, East India, and South India. According to the report, West and Central India was the largest market for two-wheelers. Some of the factors driving the West and Central India two-wheeler market included the inflating demand for fuel-efficient vehicles, the expanding working women population, the emerging trend of vehicle ownership, etc.

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