Press Release

Africa Two-Wheeler Market is Growing as Nigeria, Kenya, and Egypt have Witnessed Rise in Demand of Two-Wheelers

The rapid urbanization in the region and the rise in the adoption of two wheelers in e-commerce services is expected to drive the market in the forecast years.

According to TechSci Research report, Africa Two-wheeler Market - By Country, Competition, Forecast & Opportunities, 2018-2028 Africa Two-wheeler Market is rapidly driven by increasing urbanization, rising incomes, and the need for affordable transportation. Motorcycles are the most popular type of two-wheeler in Africa owing to their affordability and fuel efficiency and are used for both personal and commercial purposes. The market is highly fragmented, with a large number of small players and local manufacturers. However, in recent years, global players such as Bajaj, Yamaha, and TVS have entered the market and are gaining a foothold in several countries. In addition to motorcycles, electric bikes and scooters are gaining popularity in some African countries as governments and consumers seek to reduce carbon emissions and fuel costs. However, the high cost of these vehicles remains a significant barrier to widespread adoption. Overall, the two-wheeler market in Africa presents significant growth opportunities for both local and global players, as the continent continues to urbanize, and its middle class expands. The two-wheeler market in Africa is one of the fastest-growing markets in the world, driven by a rising demand for affordable and efficient transportation. The market is mainly dominated by motorcycles and scooters, with a smaller segment for electric bicycles. Overall, the Africa two-wheeler market presents a significant opportunity for companies to tap into the growing demand for affordable transportation in the continent.

With a population of over 1.3 billion people, Africa has a large and growing population, many of whom are young people. This creates a significant demand for affordable and efficient transportation options, which two-wheelers can provide. The region is experiencing rapid urbanization, with more people moving to cities and towns in search of economic opportunities. This has led to increased demand for personal mobility solutions, especially in congested urban areas where two-wheelers can navigate through traffic easily. As Africa continues to develop economically, more people can afford personal transportation. Two-wheelers are often more affordable than cars, making them a popular choice for people on a budget. Similarly, governments in Africa are investing in infrastructure development, including building new roads and improving existing ones. This has made it easier for people to travel by two-wheelers and increased the popularity of these vehicles. Overall, the market is expected to witness an impressive growth rate. The African two-wheeler market is expected to continue its growth trajectory in the coming years, driven by factors such as a growing young population, rising disposable income, increasing urbanization, and inadequate public transportation systems. However, the market also faces challenges such as poor infrastructure, lack of financing options, and insufficient regulations.

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The Africa Two-wheeler Market can be segmented based on vehicle type, by capacity, by end use, and by company. Based on vehicle type, the market is further segmented into scooter/moped and motorcycle. Based on capacity, the market is segmented into up to 125cc, 126-250cc, 250-500cc, above 500cc and electric. Based on end use, the market is segmented into individual and institutional.

Some of the major companies operating in the Global Two-wheeler Market include:

         ·         Bajaj Auto Ltd.

         ·         TVS Motor Company Limited

         ·         Yamaha Motor Co., Ltd.

         ·         Hero MotoCorp Ltd.

         ·         Honda Motor Co, Ltd.

         ·         Kwang Yang Motor Co., Ltd.

         ·         Suzuki Motor Corporation

         ·         Sanyang Motor Co., Ltd.

         ·         Lifan Motors

         ·         Luoyang Northern Ek Chor Motorcycle Co., Ltd.

These are the key companies that manufacturing and introducing new products to remain competitive in the market. To maintain their competitiveness in the market, companies are investing in R&D operations to expand their client base. These businesses are also concentrating on adhering to regional government rules to maintain their competitiveness in the global market as many new startups are releasing two-wheelers and challenging the industry's established competitors.

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“The increasing demand of two wheeler in the Africa market is also because of the rise in the adoption of two wheelers in ecommerce and delivery services and the increasing penetration of the global players in the market is also leading to the market expansion. During the forecast period, the market is expected to generate new opportunity and is also expected to witness rise in demand.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

“Africa Two-wheeler Market - Global Industry Size, Share, Trends, Competition, Forecast and Opportunities, 2018-2028” has evaluated the future growth potential of Africa 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 Africa Two-wheeler Market. 



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