Bangladesh two-wheeler market is expected
to witness high growth at a CAGR of above 6% in value terms, from 2024 to 2028,
owing to the increasing two-wheeler sales in the country over the recent years.
The city-dwellers and office goers prefer using motor-cycles in a bid to avoid
high congestion on road. Motorcycles are also widely adopted in the rural areas
due to the poor road infrastructure. Economic factors such as high economic
growth, rising population and increasing spending power of the costumers is
attracting the major players in the two-wheeler market to Bangladesh as the
nearby markets such as India and China are more matured. The increasing arrival
of key players such as Honda, Yamaha who are setting up production facilities
in the country is likely to act as a driver for the market in the coming years.
Moreover, increasing interest of women as potential customers, lower maintenance
services and replacement parts as compared to four-wheelers is expected to
drive the growth of the market in the coming years.
Lockdown due to COVID-19 is expected to
have a negative impact on the sales of two-wheeler in the country in 2023;
however, technological advancements in engine capacities, introduction of newer
models by the manufacturers are expected to drive market through 2028.
Based on the vehicle type, the
motorcycle segment lead the market in 2024 and is expected to maintain its
position during the forecast period, owing to high adoption of two-wheelers due
to low-maintenance, easy availability of finance and popularity among office
goers to avoid traffic congestion. Electric two-wheeler segment is expected to
grow at a high CAGR by 2028 due to rising need of shifting to alternate means
to transportation to curb pollution and conserve fossil fuels.
Major companies operating in the two
wheeler market of Bangladesh are Bajaj Auto (Uttara Motors LTD), Bangladesh
Honda Limited, TVS Bangladesh, Yamaha motorcycles(ACI Motors LTD), Hero
Motocorp (Nitol Niloy Group), Runner, Walton, Suzuki, Keeway, Mahindra, among
others. The companies operating in the market are focusing on launching new
products with increased speed to increase their share in the market.
Objective of the Study:
- To analyse and forecast the market size of Two-Wheeler
Market, in terms of value and volume.
- To classify and forecast Bangladesh Two-Wheeler
Market based on vehicle type, engine capacity and regional
distribution.
- To identify drivers and challenges for Bangladesh
Two-Wheeler Market.
- To examine competitive developments such as
expansions, new product launches, mergers & acquisitions, etc., in Bangladesh
Two-Wheeler Market.
- To conduct the pricing analysis for Two-Wheeler
Market.
- To identify and analyse the profile of leading
players involved in the manufacturing of Bangladesh Two-Wheeler Market.
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To perform the study, TechSci Research conducted
primary as well as exhaustive secondary research. Initially, TechSci Research
prepared an exhaustive list of two-wheeler manufacturers and dealers operating
in Bangladesh. Subsequently, TechSci Research conducted primary research
surveys, which include primary calls, email responses, etc., with the
identified companies. While interviewing, the respondents were also asked about
their major competitors. TechSci Research analysed product offerings,
distribution channels and regional presence of all major two-wheeler companies in
Bangladesh.
TechSci Research calculated the market size for Bangladesh
two-wheeler market using a bottom-up technique, wherein sales volume data of various
engine capacities was recorded as well as forecast for the future years.
TechSci Research sourced these values from industry experts and company
representatives, and externally validated through analysing historical sales
data of respective manufacturers to arrive at the overall market-size.
Key Target
Audience:
- Two-Wheeler
Manufacturers
- Dealers
- Automotive
OEMs
- Two-Wheeler
Component Manufacturers
- Traders,
Distributors, and Suppliers
- Industry
associations and experts
- Research
organizations and consulting companies.
- Research
Institutes
- Industry
associations
- Market
research and consulting firms.
The study is useful in providing answers to several critical
questions that are important for the industry stakeholders such as collaboration
manufacturer and partners, end users, etc., besides allowing them in
strategizing investments and capitalizing on market opportunities.
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Attribute
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Details
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Base Year
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2022
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Historical Data
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2018 – 2021
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Estimated Year
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2023
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Forecast Period
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2024 – 2028
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Quantitative Units
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Revenue in USD Million, Volume in
Units and CAGR for 2018-2022 and 2023E-2028F
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Report coverage
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Revenue forecast, volume forecast,
company share, competitive landscape, growth factors, and trends
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Segments covered
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·
Vehicle Type
·
Engine Capacity type
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|
Regional scope
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Dhaka, Chittagong. Rajshahi, Khulna, Sylhet,
Rangpur, Barisal
|
|
Key companies profiled
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Bajaj Auto (Uttara Motors LTD),
Bangladesh Honda Limited, TVS Bangladesh, Yamaha motorcycles(ACI Motors LTD),
Hero Motocorp (Nitol Niloy Group), Runner, Walton, Suzuki, Keeway, Mahindra.
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Customization scope
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10% free report customization with
purchase. Addition or alteration to country, regional & segment scope.
|
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Pricing and purchase options
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Avail customized purchase options to
meet your exact research needs. Explore purchase options
|
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Delivery Format
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PDF and Excel through Email (We can
also provide the editable version of the report in PPT/Word format on special
request)
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Report Scope:
In this report, Bangladesh Two-Wheeler Market has been
segmented into following categories, in addition to the industry trends which
have also been detailed below:
- Bangladesh Two-Wheeler Market, By
Vehicle Type:
·
Bangladesh Two-Wheeler Market, By
Engine Capacity Type:
- Up to 100cc
- 101-125cc
- 126-165cc
- Bangladesh
Two-Wheeler Market, By Region:
- Dhaka
- Chittagong
- Rajshahi
- Khulna
- Sylhet
- Rangpur
- Barisal
Competitive
Landscape
Company Profiles: Detailed analysis of the major
companies present in Two-Wheeler Market.
Available Customizations:
With the given market data, TechSci Research offers
customizations according the company’s specific needs. The following
customization options are available for the report:
Company Information
- Detailed
analysis and profiling of additional market players (up to five).
Profit Margin Analysis
- Profit
margin analysis in case of direct and indirect sales channel.
It is an upcoming report to be released
soon. If you wish an early delivery of this report or want to confirm the date
of release, please contact us at [email protected]