Two-Wheeler Market Size, Share, Trends, Growth Outlook

Two-Wheeler Market is estimated to increase at a growth rate of 4.1% CAGR over the forecast period from 2024 to 2030.

The global Two-Wheeler Market study analyzes and forecasts the market size across 6 regions and 24 countries for diverse segments including By Vehicle (Scooter, Motorcycle), By Propulsion (ICE, Electric), By Price (Low, Medium, High).

An Introduction to Global Two-Wheeler Market, 2024

The Two-Wheeler Market in 2024 continues to experience robust growth and innovation as urbanization, changing lifestyles, and increasing demand for affordable mobility drive the adoption of motorcycles, scooters, and mopeds worldwide. Two-wheelers offer an efficient and convenient mode of transportation, particularly in densely populated urban areas where traffic congestion and parking limitations are prevalent. With the rising demand for personal mobility solutions, especially in emerging economies, the Two Wheeler Market plays a vital role in providing affordable, fuel-efficient, and agile transportation options for commuters and enthusiasts alike. Manufacturers in this market offer a diverse range of two-wheelers, including commuter bikes, sports bikes, scooters, and electric motorcycles, catering to various customer preferences, needs, and budget constraints. Moreover, innovations such as fuel injection systems, ABS brakes, and digital instrument clusters enhance two-wheeler performance, safety, and rider comfort, driving market growth and adoption. Additionally, the emergence of electric two-wheelers and connectivity features such as GPS navigation and smartphone integration further expand the market's potential and appeal to tech-savvy consumers. As governments promote sustainable transportation and adopt regulations favoring electric vehicles, the Two Wheeler Market is poised for continued expansion and evolution, providing efficient and environmentally friendly mobility solutions for urban and rural commuters alike.

Two-Wheeler Competitive Landscape

The global Two-Wheeler market is highly competitive with a large number of companies focusing on niche market segments. Amidst intense competitive conditions, Two-Wheeler Companies are investing in new product launches and strengthening distribution channels. Key companies operating in the Two-Wheeler Market Industry include- Ampere Electric Vehicles Pvt. Ltd, Ather Energy Pvt. Ltd, Bajaj Auto Ltd, BMW India Private Ltd, Ducati India Private Ltd, Hero MotoCorp Ltd, Honda Motorcycle and Scooter India Pvt. Ltd, Lohia Auto Industries, Okinawa Autotech Pvt. Ltd, Ola Electric Mobility Pvt Ltd, Royal Enfield Ltd India, Suzuki Motorcycle India Pvt. Ltd, Triumph Motorcycles Private Ltd, TVS Motor Company Ltd, Yamaha Motor India Pvt. Ltd.

Two-Wheeler Market Trend: Growth in Electric Two-Wheelers

A significant trend in the Two-Wheeler Market is the increasing growth of electric two-wheelers, driven by factors such as environmental concerns, rising fuel costs, and government incentives promoting clean energy transportation. Electric two-wheelers, including electric scooters and motorcycles, offer zero-emission mobility solutions that appeal to environmentally conscious consumers and urban commuters. With advancements in battery technology, improved performance, and expanded charging infrastructure, electric two-wheelers are gaining popularity as practical and economical alternatives to traditional internal combustion engine vehicles. This trend reflects a broader industry shift towards electrification and sustainability in the transportation sector, shaping the two-wheeler market towards greater adoption of electric propulsion technology and innovation in electric vehicle design and manufacturing processes.

Two-Wheeler Market Driver: Urbanization and Traffic Congestion

A key driver propelling the Two-Wheeler Market is urbanization and traffic congestion in major cities worldwide, leading to increased demand for efficient and maneuverable transportation solutions. In densely populated urban areas, two-wheelers offer advantages such as ease of navigation through traffic, reduced parking space requirements, and lower operating costs compared to four-wheeled vehicles. Moreover, the affordability and accessibility of two-wheelers make them popular choices for urban commuters and delivery services seeking to navigate congested city streets quickly and economically. This driver underscores the integral role of two-wheelers in addressing urban mobility challenges and meeting the transportation needs of urban populations, driving market growth and innovation in two-wheeler design, technology, and urban mobility solutions.

Two-Wheeler Market Opportunity: Expansion into Emerging Markets and Micromobility

An opportunity within the Two Wheeler Market lies in the expansion into emerging markets and the emerging trend of micromobility, where two-wheelers offer convenient and sustainable transportation solutions for urban and peri-urban environments. In emerging economies experiencing rapid urbanization and transportation infrastructure development, there's a growing demand for affordable and reliable two-wheelers to address mobility challenges and improve access to transportation. Moreover, the rise of micromobility services such as bike-sharing and electric scooter rentals presents opportunities for two-wheeler manufacturers to supply vehicles tailored to shared mobility fleets and offer innovative solutions that enhance last-mile connectivity and urban transportation efficiency. By tapping into opportunities in emerging markets and micromobility, two-wheeler manufacturers can expand their customer base, drive market growth, and contribute to sustainable urban mobility solutions globally.

Two-Wheeler Market Segmentation

By Vehicle
Scooter
Motorcycle
By Propulsion
ICE
Electric
By Price
Low
Medium
HighGeographical Analysis
North America (United States, Canada, Mexico)
Europe (Germany, France, United Kingdom, Spain, Italy, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa

Two-Wheeler Companies

Ampere Electric Vehicles Pvt. Ltd
Ather Energy Pvt. Ltd
Bajaj Auto Ltd
BMW India Private Ltd
Ducati India Private Ltd
Hero MotoCorp Ltd
Honda Motorcycle and Scooter India Pvt. Ltd
Lohia Auto Industries
Okinawa Autotech Pvt. Ltd
Ola Electric Mobility Pvt Ltd
Royal Enfield Ltd India
Suzuki Motorcycle India Pvt. Ltd
Triumph Motorcycles Private Ltd
TVS Motor Company Ltd
Yamaha Motor India Pvt. Ltd
*- List not Exhaustive

TABLE OF CONTENTS

1 Introduction to 2024 Two-Wheeler Market
1.1 Market Overview
1.2 Quick Facts
1.3 Scope/Objective of the Study
1.4 Market Definition
1.5 Countries and Regions Analyzed
1.6 Units, Currency, and Conversions
1.7 Industry Value Chain

2 Research Methodology
2.1 Market Size Estimation
2.2 Sources and Research Methodology
2.3 Data Triangulation
2.4 Assumptions and Limitations

3 Executive Summary
3.1 Global Two-Wheeler Market Size Outlook, $ Million, 2021 to 2030
3.2 Two-Wheeler Market Outlook by Type, $ Million, 2021 to 2030
3.3 Two-Wheeler Market Outlook by Product, $ Million, 2021 to 2030
3.4 Two-Wheeler Market Outlook by Application, $ Million, 2021 to 2030
3.5 Two-Wheeler Market Outlook by Key Countries, $ Million, 2021 to 2030

4 Market Dynamics
4.1 Key Driving Forces of Two-Wheeler Industry
4.2 Key Market Trends in Two-Wheeler Industry
4.3 Potential Opportunities in Two-Wheeler Industry
4.4 Key Challenges in Two-Wheeler Industry

5 Market Factor Analysis
5.1 Value Chain Analysis
5.2 Competitive Landscape
5.2.1 Global Two-Wheeler Market Share by Company (%), 2023
5.2.2 Product Offerings by Company
5.3 Porter’s Five Forces Analysis
5.4 Pricing Analysis and Outlook

6 Growth Outlook Across Scenarios
6.1 Growth Analysis-Case Scenario Definitions
6.2 Low Growth Scenario Forecasts
6.3 Reference Growth Scenario Forecasts
6.4 High Growth Scenario Forecasts

7 Global Two-Wheeler Market Outlook by Segments
7.1 Two-Wheeler Market Outlook by Segments, $ Million, 2021- 2030
By Vehicle
Scooter
Motorcycle
By Propulsion
ICE
Electric
By Price
Low
Medium
High

8 North America Two-Wheeler Market Analysis and Outlook To 2030
8.1 Introduction to North America Two-Wheeler Markets in 2024
8.2 North America Two-Wheeler Market Size Outlook by Country, 2021-2030
8.2.1 United States
8.2.2 Canada
8.2.3 Mexico
8.3 North America Two-Wheeler Market size Outlook by Segments, 2021-2030
By Vehicle
Scooter
Motorcycle
By Propulsion
ICE
Electric
By Price
Low
Medium
High

9 Europe Two-Wheeler Market Analysis and Outlook To 2030
9.1 Introduction to Europe Two-Wheeler Markets in 2024
9.2 Europe Two-Wheeler Market Size Outlook by Country, 2021-2030
9.2.1 Germany
9.2.2 France
9.2.3 Spain
9.2.4 United Kingdom
9.2.4 Italy
9.2.5 Russia
9.2.6 Norway
9.2.7 Rest of Europe
9.3 Europe Two-Wheeler Market Size Outlook by Segments, 2021-2030
By Vehicle
Scooter
Motorcycle
By Propulsion
ICE
Electric
By Price
Low
Medium
High

10 Asia Pacific Two-Wheeler Market Analysis and Outlook To 2030
10.1 Introduction to Asia Pacific Two-Wheeler Markets in 2024
10.2 Asia Pacific Two-Wheeler Market Size Outlook by Country, 2021-2030
10.2.1 China
10.2.2 India
10.2.3 Japan
10.2.4 South Korea
10.2.5 Indonesia
10.2.6 Malaysia
10.2.7 Australia
10.2.8 Rest of Asia Pacific
10.3 Asia Pacific Two-Wheeler Market size Outlook by Segments, 2021-2030
By Vehicle
Scooter
Motorcycle
By Propulsion
ICE
Electric
By Price
Low
Medium
High

11 South America Two-Wheeler Market Analysis and Outlook To 2030
11.1 Introduction to South America Two-Wheeler Markets in 2024
11.2 South America Two-Wheeler Market Size Outlook by Country, 2021-2030
11.2.1 Brazil
11.2.2 Argentina
11.2.3 Rest of South America
11.3 South America Two-Wheeler Market size Outlook by Segments, 2021-2030
By Vehicle
Scooter
Motorcycle
By Propulsion
ICE
Electric
By Price
Low
Medium
High

12 Middle East and Africa Two-Wheeler Market Analysis and Outlook To 2030
12.1 Introduction to Middle East and Africa Two-Wheeler Markets in 2024
12.2 Middle East and Africa Two-Wheeler Market Size Outlook by Country, 2021-2030
12.2.1 Saudi Arabia
12.2.2 UAE
12.2.3 Oman
12.2.4 Rest of Middle East
12.2.5 Egypt
12.2.6 Nigeria
12.2.7 South Africa
12.2.8 Rest of Africa
12.3 Middle East and Africa Two-Wheeler Market size Outlook by Segments, 2021-2030
By Vehicle
Scooter
Motorcycle
By Propulsion
ICE
Electric
By Price
Low
Medium
High

13 Company Profiles
13.1 Company Snapshot
13.2 SWOT Profiles
13.3 Products and Services
13.4 Recent Developments
13.5 Financial Profile
List of Companies
Ampere Electric Vehicles Pvt. Ltd
Ather Energy Pvt. Ltd
Bajaj Auto Ltd
BMW India Private Ltd
Ducati India Private Ltd
Hero MotoCorp Ltd
Honda Motorcycle and Scooter India Pvt. Ltd
Lohia Auto Industries
Okinawa Autotech Pvt. Ltd
Ola Electric Mobility Pvt Ltd
Royal Enfield Ltd India
Suzuki Motorcycle India Pvt. Ltd
Triumph Motorcycles Private Ltd
TVS Motor Company Ltd
Yamaha Motor India Pvt. Ltd

14 Appendix
14.1 Customization Offerings
14.2 Subscription Services
14.3 Related Reports
14.4 Publisher Expertise

By Vehicle
Scooter
Motorcycle
By Propulsion
ICE
Electric
By Price
Low
Medium
High