Brazil Two Wheeler Market to Grow with a CAGR of 3.60% through 2030
The Brazil two-wheeler market is
witnessing growth driven by rising urban congestion, affordable mobility
solutions, and increasing demand for fuel-efficient vehicles, particularly
among young consumers and last-mile delivery services
According
to TechSci Research report, “Brazil Two Wheeler Market – By Region, Competition,
Forecast & Opportunities, 2030F”, the Brazil Two Wheeler market stood
at USD 2.36 billion in 2024 and is anticipated to grow USD 2.91 billion by 2030
with a CAGR of 3.60% during forecast period. The Brazil two-wheeler market is experiencing significant
growth, driven by shifting consumer preferences, rapid urbanization, and
changing economic conditions. Two-wheelers, particularly motorcycles, have
emerged as a practical and cost-effective transportation solution for millions
of Brazilians. With increasing traffic congestion in urban centers and limited
access to efficient public transport in many areas, two-wheelers offer an
affordable and time-saving alternative for daily commuting and commercial
mobility. Their relatively low purchase and maintenance costs make them an
attractive option for both individual and business users, especially amid
Brazil’s fluctuating economic landscape and rising fuel prices.
A key growth catalyst for the Brazilian
two-wheeler market is the rapid expansion of the gig economy and e-commerce
sector. Platforms such as iFood, Rappi, Uber Eats, and Mercado Livre have
transformed the logistics and delivery landscape, generating high demand for
motorcycles used in last-mile delivery. The COVID-19 pandemic further
accelerated this trend, as consumers increasingly relied on online ordering for
food, groceries, and essentials. Even in the post-pandemic phase, this demand
has remained robust. The widespread use of motorcycles for delivery has created
a dependable commercial demand, contributing not just to new vehicle sales, but
also to a growing aftermarket for services, spare parts, and accessories.
Affordability continues to be a major
advantage of two-wheelers over other forms of transport. In a country where
economic volatility and inflation impact consumer purchasing power, motorcycles
and scooters offer a viable mobility solution for middle- and lower-income
groups. Financing options tailored for entry-level buyers, along with the
availability of fuel-efficient and budget-friendly models, further enhance
market accessibility. Additionally, the presence of major domestic and
international manufacturers in Brazil ensures a wide range of product
offerings, enabling consumers to choose vehicles based on performance, price,
and usage needs.
Brazil’s two-wheeler market is also
undergoing a transformation in line with global mobility and sustainability
trends. While internal combustion engine (ICE) vehicles continue to dominate,
there is growing interest in electric two-wheelers. Environmental concerns,
fluctuating fuel costs, and the desire for greener transportation alternatives
are encouraging manufacturers and policymakers to explore the potential of
electric mobility. Though electric two-wheelers currently account for a small
share of the overall market, ongoing improvements in battery technology, rising
consumer awareness, and gradual infrastructure development are laying the
groundwork for future expansion. Some companies have already introduced
electric models designed for city commuting, and pilot initiatives for charging
infrastructure are underway in select urban areas.
The significant barrier to broader
market penetration is the lack of accessible financing for low-income
consumers. Many Brazilians still operate in the informal economy and lack the
documentation or credit history required for traditional vehicle loans. This
limits their ability to purchase two-wheelers despite the strong need for
affordable mobility. Although some financing institutions and OEMs have
introduced alternative credit models, the scope remains limited. Expanding
access to credit and creating inclusive financial products will be essential
for tapping into underserved market segments.
Browse
over xx market data Figures spread through xx Pages and an in-depth TOC on
" Brazil Two Wheeler Market”
The Brazil Two Wheeler market is segmented into vehicle type,
propulsion, and company.
Based on the propulsion, electric two-wheelers
are emerging as the fastest-growing segment in Brazil, driven by rising fuel
costs, environmental concerns, and growing demand for sustainable urban mobility.
As consumers seek cost-effective and eco-friendly alternatives to internal
combustion engine models, manufacturers are launching affordable electric
scooters and motorcycles tailored to city commuting. Improvements in battery
technology, lower maintenance costs, and government interest in promoting
electric mobility are further accelerating adoption. Although the segment is
still developing, increasing awareness, pilot infrastructure projects, and
expanding product availability position electric two-wheelers for rapid growth
in Brazil’s evolving transportation landscape, especially among environmentally
conscious urban consumers.
Based on the region,
the South region is
currently the fastest-growing market for two-wheelers in Brazil, benefiting
from strong industrial expansion, rising disposable income, and enhanced
infrastructure. Economic growth in states like Paraná, Santa Catarina, and Rio
Grande do Sul—where vehicle- and auto-parts manufacturing thrives—has boosted
consumer purchasing power. Additionally, improved road networks and
urbanization fuel demand for motorcycles and scooters. The combination of
industrial development, better mobility infrastructure, and household affluence
positions the South region at the forefront of Brazil’s two-wheeler growth
trajectory.
Major companies
operating in Brazil Two Wheeler market are:
- Moto
Honda da Amazônia, Ltda.
- Triumph Motorcycles Ltd.
- Harley Davidson Inc.
- Yamaha Motor do Brasil Ltda.
- Shineray Do Brasil SA
- Bajaj Auto Limited
- Dafra Motos
- Suzuki Motor Corp.
- Bayerische Motoren Werke AG
- Kawasaki Motors Corp.
Download Free Sample Report
Customers can
also request for 10% free customization in this report.
“Technological
advancements and digitalization are further shaping the dynamics of the market.
More manufacturers and dealers are adopting online sales channels, offering
virtual showrooms, digital financing solutions, and doorstep delivery services.
This shift toward e-commerce not only reflects evolving consumer behavior but
also enhances operational efficiency for industry players. Moreover,
aftermarket services are becoming increasingly digitalized, with consumers
using apps and websites to book maintenance, buy parts, and access technical
support. This digital transformation is also driving customer engagement, brand
loyalty, and product innovation. Customization and lifestyle orientation have
emerged as additional growth trends in the Brazilian two-wheeler market.
Younger consumers are increasingly viewing motorcycles not just as utilitarian
vehicles but as lifestyle accessories that reflect their personalities. This
has led to a surge in demand for models with stylish aesthetics, tech-enabled
features, and customization options,” said Mr. Karan Chechi, Research Director of
TechSci Research, a research-based management consulting firm.
"Brazil Two Wheeler
Market, By Vehicle Type (Motorcycle, Scooter/Moped), By Propulsion (ICE,
Electric), By Region, Competition, Forecast & Opportunities, 2020-2030F”,
has evaluated the future growth potential of Brazil Two Wheeler market and
provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in the Brazil Two Wheeler market.
Contact
TechSci Research LLC
420 Lexington Avenue, Suite 300,
New York, United States- 10170
Tel: +1-332-258-6602
Email: [email protected]
Website: www.techsciresearch.com