Press Release

Asia Pacific Two-Wheeler Market to register growth a CAGR of 9.27% until 2027

Increasing automobile sales and production and rising aftermarket demand for two-wheelers coupled with advancement in two-wheeler technology will lead to the growth of the Asia-Pacific two-wheeler market in the forecasted period.

According to TechSci Research report, Asia Pacific Two -Wheeler Market By Vehicle Type (Scooters/Mopeds and Motorcycles), By Propulsion (ICE and Electric) , By Country, Competition Forecast & Opportunities, 2017-2027F”. Asia pacific two-wheeler market is anticipated to grow at a robust rate of 9.27% during the forecast period in terms of value, owing to rapid technological development and upsurge in the demand for shared mobility and delivery services. China, being the largest two-wheeler producer and market in the Asia, is expected to grow at a CAGR of 10.13% in terms of value in the forecast period. The government of China is planning to improve the productivity of electric two-wheelers, providing subsidies to ease purchasing of electric two-wheelers and hence, sustained growth is expected in the country. Strengthening of financial state of global automotive industry by loan waivers, availability of subsidized rate of commodities and growing popularity of bank financing will be the key factors responsible for the growth of Asia-Pacific two-wheeler market in next five years.

Browse more than 194 market data Figures spread through 80 Pages and an in-depth TOC on  "Asia-Pacific Two Wheeler Market"

Asia pacific two-wheeler market is classified based on vehicle type, propulsion and country. Based on vehicle type, the market is segmented into scooter/moped and motorcycle. An increase in sales of scooters due to the presence of huge population and disposable income is upsurging the demand for two-wheelers. Most of the scooters are automatic, and there is no involvement of gears for the transmission, which makes the operation of the scooters very easy.

In terms of propulsion type, electric two-wheeler is the fastest growing segment in the forecast years. As the two-wheeler manufacturers are adopting new technologies, as a result electric two-wheelers will increase which correspondingly escalating the demand of two-wheelers. All the electric two -wheelers come with fewer moving parts so there is no need for the changing of the oil in electric these vehicles. Moreover,  in many countries people are adopting electric two-wheelers at a faster rate due to several advantages of electric powered motorcycles over fossil fuel vehicles, electric two wheelers are getting popular year on year, another feature of the electric two wheelers is that it has great break-horse-power braking system. The electric motorcycles are free from gears, meaning the riders can enjoy rides without shifting gears, therefore it will increase the adoption of electric two-wheelers.

The majority of automobile production and sales come from China and India, hence making them leaders of the mainstream market. China, India, and Indonesia are the three largest two-wheeler producers and markets in Asia-Pacific. China and India will grow at a CAGR of 7.25% and 7.91% in terms of volume, respectively, and will help boost the market in the forecast period.

Due to the implementation of lockdown to prevent the spread of the COVID-19 pandemic, sales of two-wheelers fell in most countries at the end of the first quarter and substantially in the second quarter affecting the current year’s performance. Nevertheless, in most of the region, the market rapidly recovered in the end of second quarter and mostly in the third quarter. Hence, giving positive outlook to the market forecast of year 2022.

Some of the major companies operating in the Asia Pacific two-wheeler market include:

  • Honda Motor Co., Ltd.,
  • Hero MotoCorp Limited
  • Yadea Technology Group Co.,Ltd.
  • Yamaha Motor Co., Ltd.
  • TVS Motor Company
  • Bajaj Auto Limited
  • Suzuki Motor Corporation
  • Haojue Holdings Company Ltd
  • Harley-Davidson
  • Kwang Yang Motor Co. Ltd.

These are the key players developing advanced technologies and launching new products to stay competitive in the market. Other competitive strategies include mergers with tech firms, new product developments, and marketing activities to increase customer outreach.

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The demand for two-wheelers is expected to increase in the next five years on account of increasing disposable income and growing traffic congestion in the countries. Furthermore, increased adaption of new two wheeler technologies and increasing shared mobility and delivery services is expected to positively influence the growth of the market.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

Asia Pacific Two-Wheeler  Market By Vehicle Type (Scooter/Moped and Motorcycle),By Propulsion (ICE and Electric) , By Country, Competition Forecast & Opportunities, 2017-2027F”, has evaluated the future growth potential of Asia pacific 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 Asia pacific two-wheeler market.



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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