Latin America Two-Wheeler Market to Grow with a CAGR of 3.68% through 2030
Rising urban congestion, growing demand for affordable
personal mobility, and expansion of last-mile delivery services are the factors
driving the market in the forecast period 2026–2030.
According to TechSci Research report, “Latin America
Two-Wheeler Market – By Country, Competition, Opportunities and Forecast, 2020-2030F”,
The Latin America Two-Wheeler Market was valued at USD 1.82 Billion in 2024 and
is expected to reach USD 2.27 Billion by 2030 with a CAGR of 3.68% during the
forecast period.
The Latin America two-wheeler market is evolving into a
dynamic mobility ecosystem shaped by shifting employment patterns, changing
consumer behavior, and the digitalization of transport services. A significant
portion of the region’s workforce is employed in informal sectors and gig
economy roles, creating sustained demand for reliable, low-cost mobility tools.
Two-wheelers are increasingly being used as income-generating assets,
especially by delivery agents, mobile vendors, and service professionals. This
functional value is driving a surge in vehicle uptake beyond traditional
personal use. In parallel, the integration of two-wheelers into app-based
logistics and e-commerce networks is fueling demand for fleet-grade motorcycles
optimized for heavy-duty use.
Growing government attention on urban mobility reform is
also influencing the sector. Local administrations are promoting compact
mobility solutions to reduce congestion and pollution, which encourages the use
of lightweight and efficient vehicles like motorcycles and scooters. Advances
in product engineering—such as better suspension systems, ergonomic seating,
and improved safety features—are making modern two-wheelers suitable for
longer, more frequent usage. Meanwhile, the rise of mobility startups, vehicle
subscription models, and embedded digital platforms is expanding consumer
access and reshaping ownership patterns. With rising demand from both
professional and personal user segments, the two-wheeler market in Latin
America is undergoing a shift toward purpose-driven, tech-enabled mobility
solutions.
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Latin America Two-Wheeler Market Is Segmented by Vehicle
Type, Propulsion Type, and Country.
In
2024, electric two-wheelers registered the fastest growth in the Latin America
market, driven by a combination of environmental reforms, rising operational
costs of fuel-powered vehicles, and evolving consumer attitudes toward
sustainable mobility. Significant improvements in battery efficiency, charging
speed, and vehicle design made electric scooters and motorcycles more appealing
for daily use. Manufacturers introduced competitively priced models targeting
both individual riders and fleet operators, helping expand the addressable
market. Increased integration with digital platforms and fleet management
systems also positioned electric two-wheelers as efficient tools for last-mile
delivery and shared mobility services. Infrastructure advancements, including
wider deployment of public charging points and battery-swapping stations,
supported greater adoption across urban centers. Financial incentives, reduced
registration fees, and low-interest financing options made electric variants
more accessible to a broader audience. The growing perception of electric
two-wheelers as modern, low-maintenance, and cost-saving alternatives further
fueled their adoption.
Colombia stood out as the fastest-growing country in the
electric two-wheeler segment during 2024. The surge was driven by local
government initiatives focused on reducing urban emissions, which favored low-
and zero-emission vehicles for personal and commercial use. Rising
environmental awareness among consumers, coupled with targeted policy support,
created favorable conditions for market expansion. Electric scooters and
motorcycles gained traction not only among individual commuters but also among
gig economy and delivery workers. The country’s temperate climate, dense urban
layout, and shorter average travel distances made it well-suited for electric
mobility. As a result, Colombia recorded the sharpest percentage increase in
electric two-wheeler adoption across the region, underscoring its growing role
in reshaping mobility preferences.
Major Market Players Operating in Latin America
Two-Wheeler Market Are:
- Hero
MotoCorp Limited
- Bajaj
Auto Ltd
- Yamaha
Motor Co., Ltd
- Piaggio
& C. S.p.A
- TVS
Motor Company Limited
- Harley
Davidson
- Suzuki
Motor Corporation
- Kawasaki
Heavy Industries, Ltd
- Honda
Motor Co., Ltd
- BMW
Motorrad
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“The market is witnessing growing interest in personalized two-wheeler experiences as buyers seek vehicles that reflect their lifestyle and identity. Custom paint jobs, accessories, ergonomic enhancements, and performance modifications are becoming popular among both enthusiasts and casual riders. Manufacturers are introducing variants tailored for specific user personas such as adventure touring, urban commuting, or retro aesthetics. This focus on lifestyle branding is influencing marketing strategies, showroom experiences, and after-sales services. Riders are also engaging with online communities and content platforms that promote unique vehicle builds and peer recommendations. Limited-edition models and collaborations with fashion or tech brands are gaining attention, creating exclusivity and emotional engagement. The aftermarket segment is benefiting from this trend, offering modular add-ons that support easy upgrades”, said Mr. Karan Chechi, Research Director
of TechSci Research, a research-based global management consulting firm.
“Latin America Two-Wheeler Market By Vehicle Type (Scooter/Moped, Motorcycle), By Propulsion Type (ICE, Electric), By Country, Competition, Opportunities and Forecast, 2020-2030F”, assesses the market's future growth potential and provides
data on market size, trends, and forecasts. It aims to offer comprehensive
market insights, helping decision-makers make informed investment choices. The
report also highlights emerging trends, key drivers, challenges, and
opportunities in the Latin America Two-Wheeler Market.
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