Bangladesh Two Wheeler Market to Grow with a CAGR of 3.3% through 2030
Rapid urbanization, increasing disposable incomes, and government
incentives for electric vehicles are the factors driving the market in the
forecast period 2026-2030.
According to TechSci Research report, “Bangladesh Two
Wheeler Market – Industry Size, Share, Trends, Opportunity, and
Forecast, 2020-2030F”, The Bangladesh Two Wheeler Market was valued
at USD 1.4 Billion in 2024 and is expected to reach USD 2.2 Billion by 2030
with a CAGR of 3.3% during the forecast period. The two-wheeler market in
Bangladesh is experiencing consistent expansion, largely influenced by the
growing urban population and increased purchasing power. Consumers are
increasingly choosing two-wheelers for their cost-effectiveness, fuel economy,
and ability to maneuver through crowded city streets. The adoption of electric
two-wheelers is accelerating as more buyers prioritize eco-friendly and
economical transport options. Manufacturers are launching models with better
battery capacity and enhanced features, making electric variants a competitive
choice compared to conventional petrol bikes.
Current trends show a surge in electric
two-wheeler demand, driven by supportive government initiatives aimed at
promoting clean energy and environmental sustainability. Technological progress
has brought forward smart two-wheelers equipped with GPS, app connectivity, and
advanced safety features, attracting younger and tech-conscious customers.
Moreover, the availability of flexible financing schemes and easy credit access
has boosted two-wheeler affordability, further propelling market growth.
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Bangladesh
Two Wheeler Market Is Segmented By Vehicle Type, Engine Capacity, and Region.
The Bangladesh two-wheeler market is broadly segmented into
motorcycles and scooters/mopeds, each catering to different consumer
preferences and usage patterns. Motorcycles are favored for their robust
performance and suitability for longer distances, often appealing to riders who
require more power and speed. These vehicles typically offer a range of engine
capacities, allowing users to choose models that align with their specific
needs, whether for commuting or occasional longer trips. The design and functionality
of motorcycles tend to focus on durability and fuel efficiency, making them a
practical choice for diverse road conditions found throughout the country.
Scooters and mopeds serve a different segment by emphasizing ease
of use and convenience, often preferred by urban commuters and first-time
riders. These vehicles usually feature automatic transmissions, which simplify
operation and enhance maneuverability in dense traffic. Their compact size and
lightweight nature make them well-suited for navigating narrow streets and
crowded environments. Scooters often come with storage compartments, appealing
to users who require practical space for carrying small items. The relatively
lower engine capacities of scooters and mopeds contribute to fuel savings,
which is an important consideration for daily use in cities. Both motorcycles and scooters/mopeds are evolving with the
introduction of electric variants that aim to reduce emissions and running
costs. The availability of electric models in each category offers consumers a
wider range of choices while addressing environmental concerns.
In 2024, the Sylhet division emerged as the fastest-growing region
in Bangladesh's two-wheeler market. This surge can be attributed to the
region's expanding infrastructure, increasing urbanization, and a growing
middle class seeking affordable and efficient transportation options. The rise
in disposable incomes, coupled with the influx of remittances from the Sylheti
diaspora, has further bolstered consumer purchasing power, making two-wheelers
more accessible to a broader demographic.
The Sylhet division's economic landscape is diversifying, with a
shift from traditional agriculture to more urban-centric industries. This
transition has led to a higher demand for personal transportation, as residents
seek convenient mobility solutions amidst the region's development. The
proliferation of ride-sharing services and the establishment of local
dealerships have also contributed to the increased availability and
affordability of two-wheelers, catering to the evolving transportation needs of
the population.
Major Market
Players Operating in Bangladesh Two Wheeler Market Are:
- Uttara Motors Limited
- Walton Hi-Tech Industries
Limited
- Atlas Bangladesh Limited
- Runner Automobiles Limited
- TVS Auto Bangladesh Limited
- Bangladesh Honda Private Limited
- Niloy Motors Limited
- Rancon Motorbikes Limited
- Speedoz Limited
- Karnaphuli Industries Limited
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Bangladesh’s two-wheeler market is witnessing
consistent growth as consumers increasingly seek personal mobility solutions
that offer fuel efficiency and affordability. Two-wheelers have become vital
for urban commuting, last-mile delivery, and personal transportation across
various income groups. Growing expectations for better performance and safety
have encouraged manufacturers to integrate advanced features like
fuel-injection technology, digital instrument clusters, and smart connectivity
options. Improvements in engine efficiency, lightweight construction, and
design innovations are enhancing durability, rider comfort, and suitability for
diverse road conditions. Supported by rising investments in automotive and
electric mobility sectors, these advancements are solidifying the importance of
two-wheelers within Bangladesh’s broader transportation framework, said Mr.
Karan Chechi, Research Director of TechSci Research, a research-based global
management consulting firm.
The report titled “Bangladesh
Two Wheeler Market – Industry Size, Share, Trends, Opportunity, and Forecast,
Segmented By Vehicle Type (Scooter/Moped, Motorcycles), By Engine Capacity
(0-150cc, 150-250cc & Above 250cc), By Region, By Competition, 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 Bangladesh Two
Wheeler Market.
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