Press Release

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.

Browse 147 market data Tables and 392 Figures spread through 503 Pages and an in-depth TOC on "Global Two Wheeler Market"

https://www.techsciresearch.com/report/global-two-wheeler-market/1416.html

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. 

About TechSci Research

TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.

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