Press Release

Mopeds to Continue Dominating CIS Counties Two-Wheeler Market through 2023

Owing to growing traffic congestion along with higher fuel efficiency than other vehicle types, demand for two-wheelers is set to grow at a brisk pace across CIS countries through 2023

According to TechSci Research report, “CIS Two Wheeler Market By Vehicle Type, By Engine Capacity, By Country, Competition Forecast & Opportunities 2013 - 2023”, CIS two-wheeler market is projected to cross $ 180 million by 2023, backed by rising per capita income and high manoeuvrability and lower carbon emissions offered by two wheelers. Moreover, increasing tourism is translating into higher demand for two-wheelers as they are commonly used by tourists for travelling purposes. Though, the demand for two-wheelers in CIS countries witnessed a negative CAGR during 2013-17 due to economic recession, two-wheeler sales are forecast to increase in the coming years on account of improving economic scenario. Consequently, CIS two-wheeler market is anticipated to recover during the forecast period and witness a CAGR of over 8% during the forecast period.


Browse 68 market data Figures and 8 Tables spread through 124 Pages and an in-depth TOC on "CIS Two-Wheeler Market"

 

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In 2017, the mopeds segment dominated the CIS two-wheeler market, followed by the motorcycle segment. Growing demand from mobility service providers, public transportation and increasing inclination of consumers towards small and easy manoeuvrable automobiles is offering stimuli to the two-wheeler industry across the region. However, motorcycle segment is likely to grow at the fastest CAGR during the forecast period. Major automotive giants such as BMW, Bajaj, Honda, Suzuki, etc., are constantly expanding their product offerings to attract customers. On the other hand, many Chinese two-wheeler manufacturers have also intensified their business operations in the region by increasing their investments in research and development. Several CIS based companies are also investing intensively in order to provide their customers with more affordable as well as premium two-wheelers.


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“Growing presence of various multinational companies such as Honda, Suzuki, Yamaha, Bajaj, BMW, coupled with their continued research and developments to manufacture premium two-wheelers as well as to offer a wide product range is expected to intensify competition in CIS two-wheeler market in the coming years. Moreover, rising selling price of two-wheelers and growing volume sales of two-wheelers is expected to boost revenue of CIS two-wheeler companies during the forecast period.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based CIS management consulting firm.

CIS Two Wheeler Market By Vehicle Type, By Engine Capacity, By Country, Competition Forecast & Opportunities 2013 - 2023” has analyzed the potential of CIS two-wheeler market, 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 CIS two-wheeler market.

About TechSci Research

TechSci Research is a leading CIS market research firm publishing premium market research reports. Serving 700 CIS 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 CIS and country specific high growth markets helps TechSci clients to lead rather than follow market trends.

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Relevant Reports

CIS Countries Two Wheeler Market By Vehicle Type (Moped, Motorcycle, & Scooter), By Engine Capacity (<50cc, 50-250cc, 250-500cc, 500-800cc, & >800cc), By Country (Russia, Ukraine, Belarus, Kazakhstan, etc.), Competition Forecast & Opportunities 2013 - 2023

Automotive | Jun, 2018

Owing to growing traffic congestion along with higher fuel efficiency than other vehicle types, demand for two wheelers is set to grow at a brisk pace across CIS countries through 2023

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