Argentina Two-Wheeler Market to Grow with a CAGR of 3.2% through 2030
Rising disposable income, increased demand for fuel-efficient
transportation, and growing urbanization are the factors driving the market in
the forecast period 2026-2030. These factors are expected to shape the
Argentina two-wheeler market's growth.
According to TechSci Research report, “Argentina Two-Wheeler
Market – By Region, Competition, Opportunities and Forecast, 2020-2030F”,
The Argentina Two-Wheeler Market was valued at USD 2.13 Billion in 2024 and is
expected to reach USD 2.57 Billion by 2030 with a CAGR of 3.2% during the
forecast period.
The Argentina two-wheeler market is on a strong upward trajectory,
driven by several emerging factors that are reshaping transportation choices.
One of the major drivers is the increasing congestion in urban areas, where the
need for more efficient, space-saving modes of transport is evident.
Two-wheelers, particularly motorcycles and scooters, offer a viable solution by
navigating through traffic faster and more conveniently than cars. This urban
mobility trend is further enhanced by the growth of the delivery services
sector, which increasingly relies on motorcycles for last-mile delivery,
particularly in cities with growing e-commerce activity.
Another significant factor is the affordability aspect of two-wheelers
compared to cars. With the rising cost of living and economic challenges, many
consumers are opting for two-wheelers as a more budget-friendly alternative to
expensive cars. Motorcycles offer lower initial purchase costs, reduced fuel
consumption, and lower maintenance expenses, making them an appealing choice
for budget-conscious consumers. Furthermore, flexible financing options have
made two-wheelers more accessible to a broader demographic, contributing to
their increasing adoption across various income groups.
In terms of trends, there is a noticeable shift towards hybrid and
electric two-wheelers as consumers become more environmentally conscious and
seek alternatives to traditional gasoline-powered vehicles. Argentina's
government has started implementing measures to support electric vehicle
adoption, including incentives and subsidies, which are helping to lower the
cost of electric two-wheelers. Despite the initial high price points, the
growing availability of affordable electric models is expected to drive their
popularity in the coming years. The development of battery technology, which
allows for longer ranges and faster charging, is also contributing to the
appeal of electric two-wheelers.
Despite these positive developments, the Argentina two-wheeler market
faces several challenges. One major hurdle is the underdeveloped charging
infrastructure, which poses a barrier to widespread adoption of electric
two-wheelers, especially in less urbanized regions. Another challenge is the
limited availability of specialized two-wheeler training programs, which
affects safety and rider confidence. Finally, the high levels of inflation and
economic instability may impact consumer purchasing power, potentially slowing
down the market’s growth rate.
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in-depth TOC on "Argentina Two-Wheeler Market"
Argentina Two-Wheeler Market Is
Segmented by Vehicle Type, Propulsion Type, and By Region.
In 2024, electric
two-wheelers experienced the most significant growth in Argentina's market,
driven by increasing environmental awareness and supportive government policies
promoting sustainable transportation. While internal combustion engine (ICE)
vehicles continue to dominate due to established infrastructure and
affordability, electric models are gaining traction as consumers seek
eco-friendly alternatives. The government's incentives and subsidies aimed at
reducing carbon emissions have made electric two-wheelers more accessible,
contributing to their rising popularity. Despite the higher initial costs, the
lower operating expenses and environmental benefits make electric two-wheelers
an attractive option for urban commuting. Advancements in battery technology
have also improved the performance and range of electric models, further
encouraging adoption. As a result, the electric two-wheeler segment is expected
to continue its upward trajectory, gradually capturing a larger share of the
market in the coming years.
Among the regions in
Argentina, Patagonia emerged as the fastest-growing area for two-wheeler
adoption in 2024. This growth can be attributed to several factors, including
the region's increasing urbanization and the need for efficient transportation
solutions in less densely populated areas. The rise in local delivery services
and the expansion of tourism have also contributed to the demand for
two-wheelers, as they offer a flexible and cost-effective mode of transport.
Government initiatives aimed at promoting sustainable mobility in Patagonia
have further supported this trend, providing incentives for the purchase of
electric two-wheelers and the development of necessary infrastructure. As a
result, Patagonia is experiencing a notable shift towards two-wheeler usage,
aligning with broader national trends towards sustainable and efficient
transportation.
Major Market Players
Operating in Argentina Two-Wheeler Market Are:
- Motomel S.A.
- Honda Motor de Argentina S.A.
- Yamaha Motor Argentina S.A.
- Zanella Hnos. S.A.
- Bajaj Auto Argentina S.A.
- Suzuki Motor De Argentina S.A.
- Guerrero S.A.
- Corven Motors Argentina S.A.
- Gilera Motors Argentina SA
- Kawasaki Heavy Industries Ltd
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The growing popularity of shared mobility services, such as motorcycle rentals and ride-sharing platforms, is reshaping the two-wheeler market. Consumers who do not wish to own a vehicle can now access motorcycles and scooters on-demand, offering a flexible and cost-effective solution to urban transportation. This trend is particularly notable in densely populated cities, where traffic congestion and parking issues make traditional vehicle ownership less practical. The success of shared mobility platforms has inspired further investment in this sector, providing new revenue streams and shaping the future of urban mobility. As companies such as bike-sharing and scooter-sharing platforms expand, more people will have access to affordable, convenient transportation without the burden of ownership. Additionally, shared mobility options provide a solution for last-mile connectivity, improving access to public transportation and reducing the overall number of vehicles on the road. With technological advancements in fleet management and GPS tracking, shared mobility is expected to grow significantly in the coming years", said Mr.
Karan Chechi, Research Director of TechSci Research, a research-based global
management consulting firm.
“Argentina Two-Wheeler Market By Vehicle Type (Scooter/Moped, Motorcycle), By Propulsion Type (ICE, Electric), By Region, 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 Argentina Two-Wheeler Market.
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