Press Release

APAC to Continue Leading Global Two Wheeler Market

Growing traffic congestion, ease of  maneuverability and higher fuel efficiency than other vehicle types to drive global two wheeler market through 2024

According to TechSci Research report, Global Two Wheeler Market By Vehicle Type, By Engine Capacity, By Region, Competition, Forecast & Opportunities, 2014 – 2024”, two-wheeler market is projected to cross $ 125 billion by the end of 2024, backed by their easy maneuverability and lower carbon emissions. Moreover, growing tourism is translating into the demand for two wheelers, as they are commonly used by travelers. In South America and Africa, lack of public transportation network is a major factor fueling the sales of two wheelers in the regions. Though two wheeler market in South America, Middle East and Africa witnessed a negative CAGR during 2014-2018 due to crude oil price crisis and political instability, the governments across different countries are taking steps to make the economy and market stable. Thus, two wheeler market is anticipated to recover in these regions.

Browse 156 market data Tables and 563 Figures spread through 512 Pages and an in-depth TOC on "Global Two Wheeler Market"

Scooter/moped segment accounted for more than half of the global two wheeler market in 2018. The segment is expected to maintain its market dominance in the coming years, backed by increasing demand for low-engine capacity scooters and rising number of female drivers. Growing demand from economical mobility service providers and increasing consumer inclination towards small and easy maneuverable automobiles, especially for commuting, is expected to aid market growth across the globe.

Major two-wheeler giants such as Bajaj, Honda and Yamaha are enhancing their product offerings to further boost their customer base. On the other hand, many Chinese two wheeler manufacturers such as Lifan, Loncin and Zongshen are intensifying their business operations by collaborating with global companies to enhance the quality of their products by investing in research & development. Several global companies are also investing intensively to provide their customers with more affordable and premium two wheelers.

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“Growing presence of various multinational companies such as Honda, Suzuki, Yamaha, Bajaj, Hero MotoCorp, Italika and BMW coupled with their continued research & development to meet the customized demand and offer a wide product range is expected to intensify global two wheeler market in the coming years. Moreover, rising average selling price of two wheelers, growing sales of two wheelers and increasing demand for higher capacity models in emerging markets are anticipated to boost revenue of global two wheeler market during 2019-2024.”, 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, 2014 – 2024 has analyzed the potential of two wheeler market, globally, and provides statistics and information on market size, 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 analyses emerging trends along with essential drivers and key challenges faced by the two-wheeler market across the world.

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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