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In 2022, the total value of the two-wheeler market worldwide was estimated at $108.58 billion. The market is expected to increase at a CAGR of 6.8% from USD 114.46 billion in 2023 to USD 181.11 billion by 2030. Scooter, motorbike and moped sales all make up the two-wheeler industry. Scooters have an engine size between 50 and 250cc, and electric 2W models are the most common type. Motorcycles are two-wheeled vehicles that can reach high speeds and typically have superior acceleration and steering response. Bicycles with small, pedal-powered engines—typically less than 50cc—make up the moped market. Users and different types of end-users are increasingly drawn to them as a viable mode of transportation because to rising traffic congestion in major cities and rising fuel expenses. The demand is driven by the fact that they are more fuel efficient than cars and easier to manoeuvre in heavy traffic.
Report Coverage
Global Two-wheeler research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Two-wheeler report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Two-wheeler competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Two-wheeler market players and analyses their core competencies in each global market sub-segments.
EFFECTIVE CAUSES
High population density, traffic congestion, a scarcity of parking options, and a lack of suitable mobility infrastructure are all issues that arise from fast expanding urban areas. Rapid urbanisation has occurred in emerging countries during the past decade. Nearly 68% of the global population would reside in urban areas by 2050, as reported by the United Nations (UN) Department of Economics and Social Affairs. Market expansion in Asia Pacific is expected over the projected period as a result of urbanisation, with metropolitan city infrastructure expanding at a rate of about 3% annually. Market growth is expected to be bolstered in the next years by the rising demand for compact mobility solutions like as motorcycles and scooters in both established and emerging economies due to traffic and parking issues.
Since many nations import fuels from the Gulf countries, petrol prices around the world are influenced by the global crude oil price and the exchange rate. The vast majority of city dwellers rely on passenger vehicles with four wheels for their long-distance transportation, daily commute, and other travel needs. However, the fuel economy is far better than that of four-wheel drives. Since these vehicles are more cost-effective to operate and require less upkeep than four-wheelers, they will certainly gain popularity in urban and rural areas as petrol prices rise.
CAUSES OF RESTRICTIONS
Sedans, SUVs, and other automobiles offer superior levels of convenience, safety, and comfort. As a result, most people prefer to travel large distances in four-wheeled vehicles. Sales of motorcycles and scooters around the world are also expected to suffer from the rising number of accident cases involving 2W. In 2021, for instance, the NCRB reports that in India, 45.5% of all traffic fatalities were caused by accidents involving two-wheeled vehicles.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Two-wheeler market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Two-wheeler market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
• Hero Moto Corp. (India)
• Suzuki Motor Corporation (Japan)
• BMW Motorrad International (Germany)
• Bajaj Auto (India)
• Honda Motor Co., Ltd. (Japan)
• Yamaha Motors Co. (Japan)
• Emergica Moto Company Inc. (Italy)
• Kawasaki (Japan)
• Piaggio & C. SpA (Italy)
• Triumph Motorcycles Ltd. (U.K.)
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global Two-wheeler market based on the below-mentioned segments:
Global Two-wheeler Market, By Type
Global Two-wheeler market, By Technology
Global Two-wheeler market, Regional Analysis
Report Coverage
Global Two-wheeler research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Two-wheeler report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Two-wheeler competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Two-wheeler market players and analyses their core competencies in each global market sub-segments.
EFFECTIVE CAUSES
High population density, traffic congestion, a scarcity of parking options, and a lack of suitable mobility infrastructure are all issues that arise from fast expanding urban areas. Rapid urbanisation has occurred in emerging countries during the past decade. Nearly 68% of the global population would reside in urban areas by 2050, as reported by the United Nations (UN) Department of Economics and Social Affairs. Market expansion in Asia Pacific is expected over the projected period as a result of urbanisation, with metropolitan city infrastructure expanding at a rate of about 3% annually. Market growth is expected to be bolstered in the next years by the rising demand for compact mobility solutions like as motorcycles and scooters in both established and emerging economies due to traffic and parking issues.
Since many nations import fuels from the Gulf countries, petrol prices around the world are influenced by the global crude oil price and the exchange rate. The vast majority of city dwellers rely on passenger vehicles with four wheels for their long-distance transportation, daily commute, and other travel needs. However, the fuel economy is far better than that of four-wheel drives. Since these vehicles are more cost-effective to operate and require less upkeep than four-wheelers, they will certainly gain popularity in urban and rural areas as petrol prices rise.
CAUSES OF RESTRICTIONS
Sedans, SUVs, and other automobiles offer superior levels of convenience, safety, and comfort. As a result, most people prefer to travel large distances in four-wheeled vehicles. Sales of motorcycles and scooters around the world are also expected to suffer from the rising number of accident cases involving 2W. In 2021, for instance, the NCRB reports that in India, 45.5% of all traffic fatalities were caused by accidents involving two-wheeled vehicles.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2020 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2019 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Honda Motor Co., Ltd. (Japan), Yamaha Motors Co. (Japan), Hero Moto Corp. (India), Suzuki Motor Corporation (Japan), BMW Motorrad International (Germany), Bajaj Auto (India), Emergica Moto Company Inc. (Italy), Kawasaki (Japan), Piaggio & C. SpA (Italy), Triumph Motorcycles Ltd. (U.K.) |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Two-wheeler Market from 2021 to 2030.
- Market Forecast for Two-wheeler Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Two-wheeler competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Two-wheeler
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Two-wheeler market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Two-wheeler market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
• Hero Moto Corp. (India)
• Suzuki Motor Corporation (Japan)
• BMW Motorrad International (Germany)
• Bajaj Auto (India)
• Honda Motor Co., Ltd. (Japan)
• Yamaha Motors Co. (Japan)
• Emergica Moto Company Inc. (Italy)
• Kawasaki (Japan)
• Piaggio & C. SpA (Italy)
• Triumph Motorcycles Ltd. (U.K.)
Primary Target Market
- Market Players of Two-wheeler
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global Two-wheeler market based on the below-mentioned segments:
Global Two-wheeler Market, By Type
- Scooter
- Motorcycle
- Moped
Global Two-wheeler market, By Technology
- ICE
- Electric
Global Two-wheeler market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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