About Two Wheeler
Two-wheeler industry across various regions such as China, Japan, India, and others. Among all India is a highly emerging market having a highly competitive market. In India major market share is captured by Honda. For the past few years, this industry is moving towards the electric vehicle market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 6.76% |
The global Two-Wheeler market is a highly competitive market majorly in the Asia Pacific regions. In terms of market share, some of the market players presently heavily dominate the global market. These market players are heavily focusing on strategic initiatives and majorly investing in electric vehicles to enhance their market share and escalation their profitability. Analyst at AMA Research estimates that Asia Pacific Vendors will contribute the maximum growth to Global Two Wheeler market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Yamaha Motor Company (Japan), Honda Motor Company (Japan), Volkswagen (Germany), Toyota (Japan), Daimler (Germany), Ford Motor (United States), Bimota (Italy), Suzuki (Japan), Harley-Davidson (United States) and Ducati (Italy) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Hero (India), Bajaj (India) and Benelli (Italy).
Segmentation Overview
AMA Research has segmented the market of Global Two Wheeler market by Type (ICE Vehicle, Electric Vehicle and Hybrid Vehicle), Application (Commercial Two Wheeler and Passenger Two Wheeler) and Region.
On the basis of geography, the market of Two Wheeler has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Sales Channels, the sub-segment i.e. Direct Sales will boost the Two Wheeler market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Vehicle Type, the sub-segment i.e. Motorcycle/Bike will boost the Two Wheeler market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Demand for the Electric Two-Wheeler Market and Increase Initiative from Government Bodies Towards Financial Schemes
Market Growth Drivers:
Growing Demand Among Population of Youth and their Income, The Rise in Availability of Digital and Instant Method of Finance and Credit Options and The Rise in the Requirement for Public Transport and Commercial Vehicles
Challenges:
Increase Fuel Prices Impact on the Affordability of Product in the Market
Restraints:
Fluctuation in Raw Material Prices and Stable Profitability has Increased the Number of Players in the Industry Over Last One Year Leading to Stiff Competition for Leading Players
Opportunities:
Development in Connected Motorcycycle Market and Advancement in Battery Technology in Electric Vehicles
In Aug 2021, Omega Seiki Mobility announced the addition of two wheeler segment by launching scooter models Zoro and Fiare. Through this initiative the company aims to enhance its market competency across India.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Two Wheeler Manufacturers, Suppliers, and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.