Ethiopia Two-Wheeler Market to Grow with a CAGR of 3.48% through 2030
The Ethiopia two-wheeler market is driven by increasing urbanization,
rising disposable incomes, and the growing demand for affordable
transportation. These factors are boosting the adoption of motorcycles and
scooters. These are the factors driving the market in the forecast period
2026-2030.
According to TechSci Research report, “Ethiopia Two-Wheeler
Market – By Region, Competition, Forecast & Opportunities, 2020-2030F”,
The Ethiopia Two-Wheeler Market was valued at US USD 657.0 Million in in 2024
and is expected to reach USD 806.5 Million by 2030 with a CAGR of 3.48% during
the forecast period. The two-wheeler market in Ethiopia is on a strong growth trajectory,
fueled by factors such as rapid urbanization and an increasing need for
affordable transportation. As more individuals migrate to urban centers, where
traffic congestion and limited public transport are common, motorcycles and
scooters are becoming a popular choice for navigating the streets. Rising
disposable income has made two-wheelers more accessible to a larger portion of
the population, further stimulating market demand.
There is a growing trend towards electric two-wheelers, driven by both
consumer preference for greener transportation and government incentives
promoting sustainability. Consumers are seeking energy-efficient and
low-maintenance vehicles, and advancements in battery technology are making
electric motorcycles more viable. The increasing demand for two-wheelers is
also supported by the rise in e-commerce and delivery services, further
boosting the use of motorcycles in business operations. However, challenges
such as high import duties and a lack of local manufacturing infrastructure
still persist, which can increase the cost of two-wheelers. The limited
availability of charging stations also hampers the widespread adoption of
electric models. Despite these hurdles, the market continues to grow due to the
demand for affordable and sustainable transport, paving the way for new
developments and greater market opportunities in the coming years.
Browse over XX market data Figures spread through XX Pages and an
in-depth TOC on "Ethiopia Two-Wheeler Market"
Ethiopia Two-Wheeler Market
Is Segmented By Vehicle Type, Propulsion Type and By Region.
The Ethiopia two-wheeler
market is segmented by propulsion type into internal combustion engine (ICE)
and electric variants. ICE-powered two-wheelers have been the traditional
choice for many consumers due to their wide availability, lower upfront costs,
and well-established fueling infrastructure. These vehicles typically run on
gasoline and offer the flexibility of longer travel distances without the need
for frequent recharging. They remain a popular choice for individuals seeking
reliable transportation for daily commuting and business purposes, especially
in areas where electric vehicle (EV) charging infrastructure is limited. On the other hand, electric
two-wheelers are gaining attention due to their environmentally friendly
attributes and lower operating costs. Electric motorcycles and scooters are
seen as a more sustainable alternative, offering reduced emissions and lower maintenance
requirements compared to ICE vehicles. The shift toward electric vehicles is
being encouraged by rising environmental awareness, as well as government
initiatives to reduce carbon footprints and promote clean energy. Though the
adoption rate of electric two-wheelers is still emerging, improvements in
battery technology and growing consumer interest in cost-effective,
eco-friendly transportation solutions are contributing to the gradual expansion
of the electric segment. The transition from ICE to
electric vehicles is influenced by a variety of factors, such as the need for
sustainable urban mobility, the growing cost of fuel, and the expansion of
electric vehicle charging infrastructure in urban areas. While electric two-wheelers
may face initial hurdles in terms of range and infrastructure, they represent
an important part of the future growth of the market. As technology advances
and awareness increases, it is expected that the market share of electric
two-wheelers will continue to rise in Ethiopia’s transportation landscape.
Major Market Players
Operating in Ethiopia Two-Wheeler Market Are:
- Bajaj Auto Ltd.
- TVS Motor Company Limited
- Yamaha Motor Co., Ltd
- Hero MotoCorp Ltd
- Honda Motor Co, Ltd
- Kwang Yang Motor Co., Ltd
- Suzuki Motor Corporation
- Sanyang Motor Co., Ltd
- Lifan Motors
- Luoyang Northern EK Chor Motorcycle Co., Ltd.
Download Free Sample Report
Customers can also request
for 10% free customization on this report.
The increasing demand for efficient and affordable
transportation options is driving the growth of the Ethiopia two-wheeler
market. Consumers are seeking advanced, cost-effective vehicles that offer
improved fuel efficiency and lower maintenance costs, which is pushing the
demand for innovative two-wheeler solutions. Manufacturers are focused on
creating vehicles that provide better performance, durability, and reduced
environmental impact, particularly with the growing interest in electric
two-wheelers. Stricter regulations aimed at promoting sustainability and
reducing urban congestion are further driving the need for efficient and
eco-friendly transportation alternatives. As Ethiopia’s transportation
landscape evolves, the demand for advanced two-wheelers that can support
emerging technologies, such as electric powertrains and lightweight materials,
is expected to increase.This shift is anticipated to significantly contribute
to the market's growth in the coming years", said Mr. Karan Chechi, Research
Director of TechSci Research, a research-based global management consulting
firm.
“Ethiopia Two-Wheeler Market By
Vehicle Type (Scooter/Moped, Motorcycles), By Propulsion Type (ICE, Electric),
By Region, Competition, Forecast & Opportunities, 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 Ethiopia
Two-Wheeler Market.
Contact Us-
TechSci Research LLC
420 Lexington Avenue, Suite 300,
New York, United States- 10170
M: +13322586602
Email: [email protected]
Website: www.techsciresearch.com