Malaysia Two-Wheeler Market to be Driven by the Rising Demand for Public Commute
The market is driven by
the increasing adoption of the two wheelers in the country because of rapid
urbanization and rise in demand from institutional category in the country.
According to
TechSci Research report, “Malaysia Two-Wheeler
Market - By Region, Competition, Forecast & Opportunities, 2018-2028F”,Two-wheelers in Malaysia are sold through various
channels, including authorized dealers, independent dealers, and online
marketplaces. Authorized dealerships are the primary sales channel for two-wheelers,
with many brands having their own network of dealerships across the country.
Independent dealerships are also popular, especially in smaller towns and rural
areas. Online marketplaces such as Lazada and Shopee have also gained
popularity in recent years, especially for the sale of electric scooters.
Similarly, the Malaysian government has taken several initiatives to promote
the use of two-wheelers as a means of transportation. In Malaysia, motorcycles
are a popular mode of transportation due to their affordability, low
maintenance costs, and fuel efficiency. According to the Malaysian Motorcycle
and Scooter Dealers Association (MMSDA), the total number of motorcycles and
scooters sold in Malaysia in 2020 was 348,646 units. The top-selling brands in
Malaysia include Honda, Yamaha, and Kawasaki. Overall, the Malaysian
two-wheeler market is expected to continue growing in the coming years, driven
by factors such as urbanization, population growth, and government initiatives
to promote the use of motorcycles and scooters.
Rapid Urbanization is also influencing the market
growth. As more and more people move into cities, the demand for two-wheelers is
being increased. This is because two-wheelers are more practical for navigating
through traffic and finding parking in crowded areas. Similarly, Malaysia's
economy has been growing steadily over the past few years, and this has led to
an increase in disposable income. This increased spending power has translated
into higher demand for two-wheelers in the country.
Two-wheelers are generally more fuel-efficient than
cars, and as fuel prices continue to rise, more people are turning to
two-wheelers as a cost-effective alternative. Two-wheelers emit less pollution
than cars, and with growing awareness of environmental issues, many people are
choosing to switch to two-wheelers as an eco-friendlier option. Similarly, the Malaysian
government has introduced policies and initiatives to encourage the use of
two-wheelers. For example, they have lowered the import tax on two-wheelers and
introduced incentives for electric two-wheelers. In Malaysia, there is a strong
preference for two-wheelers as they are seen as a practical and affordable mode
of transportation.
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The Malaysia
Two-wheeler Market can be segmented based on Vehicle type, by Propulsion (ICE,
Electric), by region and competitive landscape. Based on Vehicle type, the
market is further segmented into Scooter/Moped and Motorcycle.
Based on Propulsion, the market is segmented into ICE and Electric. Similarly,
based on region, the market is segmented into Northern region, Southern region,
Western region, and East Coast.
Some
of the major companies operating in the Malaysia Two-wheeler Market include:
- Yamaha Motor Co., Ltd.
- Honda Motor Co.,
Ltd.
- Kawasaki Motors
Corp.
- Sanyang Motor Co.,
Ltd.
- Harley-Davidson,
Inc.
- Modenas
- Suzuki Malaysia
Sdn. Bhd.
- KSR Group
- Piaggio & C spa
- Triumph Motorcycles
Malaysia
These are the key
companies that are operating in the Malaysia two-wheeler market and having diverse
product portfolio and the companies are also introducing new products to remain
competitive in the market. To maintain their competitiveness in the market, companies
are also 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 Malaysia market as many new startups are introducing
two-wheelers and challenging the industry's established competitors.
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“The Malaysia
Two-wheeler Market is driven by several factors like the increase in the
utilization of the two wheelers for daily commute and the adoption of two
wheelers in the last mile deliveries in the country, and in the forecast years
the market will witness impressive growth rate” said Mr. Karan Chechi, Research
Director with TechSci Research, a research-based global management consulting
firm.
“Malaysia Two Wheeler Market By Vehicle Type (Motorcycles
Scooter/Mopeds), By Propulsion (ICE, Electric), By Region, Competition,
Forecast & Opportunities, 2028F” has evaluated
the future growth potential of Malaysia 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 Malaysia Two-wheeler Market.
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