Two Wheeler Market to Cross $ 127 Billion by 2022
Owing to growing traffic
congestion, ease of maneuverability along with higher
fuel efficiency offered by two wheelers, global two wheeler market is
anticipated to grow at a brisk pace through 2022
According to TechSci Research report, “Global
Two Wheeler Market By Vehicle Type, By Engine Capacity, By Region,
Competition Forecast & Opportunities, 2012–2022”, the global market of two wheelers
is projected to cross $ 127 billion, by 2022. Backed by easy manoeuvrability and high fuel
efficiency of two wheelers, the global two wheeler market is anticipated to
witness a robust growth during the forecast period. Moreover, due to rising
traffic congestion and environmental concerns across the globe, demand for
two wheelers is further expected to surge as they are considered to be
eco-friendly on account of lower emissions. Though, two wheeler market in South
America, Middle East and Asia-Pacific witnessed negative CAGRs during 2012-16 due
to crude oil price crisis, political instability, etc., however, the governments
across different countries are taking various steps for economic revival, which
is expected to positively influence the global two wheeler market in the coming
years.
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Figures spread through 503 Pages and an in-depth TOC on "Global Two Wheeler Market"
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With a majority volume share in 2016, scooter/moped segment
dominated the global two wheeler market, followed by the motorcycle segment. On
account of growing demand for two wheeler taxis, economical pricing as compared
to motorcycles, coupled with increasing inclination of consumers towards small
and highly maneuverable automobiles, demand for scooters/mopeds is expected to rise in the coming years. On the
basis of engine capacity, the global two wheeler market is segmented into up to
125cc, 126-150cc, 251-500cc and above 500cc two wheelers. Of these, up to 125cc
segment has dominated the market on the back of their fuel efficiency and
cost-efficiency. Among regions, the largest demand for two wheelers emanates
from Asia-Pacific, owing to the region’s huge population base and rising
traffic congestion in emerging economies such as China and India.
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“Growing presence of various multinational companies such as Honda,
Suzuki, Yamaha, Bajaj, BMW, Piaggio, Kawasaki, etc., coupled with their increasing
focus on research and development activities and expanding their product portfolio
to meet different consumer requirements is expected to surge demand for two-wheelers
in the coming years across the globe. Moreover, growing consumer inclination
towards electric two-wheelers, due to rising environmental concerns, is expected
to further steer growth in the global two-wheeler market over the next five
years.” said Mr. Karan Chechi, Research Director with TechSci Research, a
research based global management consulting firm.
“Global
Two-Wheeler Market By Vehicle Type, By Engine Capacity, By Region, Competition
Forecast & Opportunities, 2012–2022” has analyzed the potential of two-wheeler market globally,
and provides statistics and information on market sizes, shares and trends. The
report will suffice in providing the intending clients with cutting-edge market
intelligence and help them in taking sound investment decisions. Besides, the
report also identifies and analyzes emerging trends along with essential
drivers and key challenges faced by the two-wheeler market across the globe.
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