Colombia two wheeler market is expected
to grow at a steady rate during the forecast period. The Colombia two wheeler market
is driven by the increasing working population. Additionally, increasing use of
two wheelers by the police force, delivery persons, among others is further
expected to propel the market growth. Furthermore, growing popularity of two
wheelers especially motorcycles among the youth has made major players
operating in the market to launch new models. This in turn is expected to fuel
the market growth. However, adhering to the air pollution and vehicular
emission standards can hamper the market growth through 2025. The sudden
outbreak and spread of pandemic COVID-19
in the country, forced the government to shut down all not necessary activities
and in March the market fell down 22.5%.
The Colombia two wheeler market is
segmented based on vehicle type, engine capacity, company and region. Based on vehicle
type, the market can be split into scooter/moped and motorcycle. The
scooter/moped segment is expected to grow significantly on account of the
growing number of female drivers. Based on engine type, the market can be
categorized into up to 125cc, 126-250cc, 250-500cc and above 500cc. the up to
125cc segment is expected to dominate the market owing to their affordability,
high mileage and easy maneuverability.
The major players operating in the
Colombia two wheeler market are Bajaj, Yamaha, AKT, Honda, Suzuki, Kymco, HMCL
(Hero), Auteco, Ayco LTDA, M.B. Motor Colombia S.A.S. and others. Major
companies are developing advanced technologies and launching new products to
stay competitive in the market. Other competitive strategies include mergers
& acquisitions and new product developments.
Years considered for this report:
Historical Years: 2015-2018
Base Year: 2019
Estimated Year: 2020
Forecast Period: 2021–2025
Objective of the
Study:
- To analyze and estimate the market size of Colombia
two wheeler market from 2015 to 2018.
- To estimate and forecast the market size of Colombia
two wheeler market from 2019 to 2025 and growth rate until 2025.
- To classify and forecast Colombia two wheeler market
based on vehicle type, engine capacity, company and regional distribution.
- To identify dominant region or segment in the Colombia
two wheeler market.
- To identify drivers and challenges for Colombia
two wheeler market.
- To examine competitive developments such as
expansions, new product launches, mergers & acquisitions, etc., in Colombia
two wheeler market.
- To conduct pricing analysis in the Colombia two
wheeler market.
- To identify and analyze the profile of leading
players operating in Colombia two wheeler market.
- To identify key sustainable strategies adopted
by market players in Colombia two wheeler market.
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TechSci Research performed both primary as well as
exhaustive secondary research for this study. Initially, TechSci Research
sourced a list of manufacturers across the globe. Subsequently, TechSci
Research conducted primary research surveys with the identified companies.
While interviewing, the respondents were also enquired about their competitors.
Through this technique, TechSci Research could include the manufacturers which
could not be identified due to the limitations of secondary research. TechSci
Research analyzed the manufacturers, distribution channels and presence of all
major players across the globe.
TechSci Research calculated the market size of Colombia two wheeler market using a bottom-up approach, wherein data for various end-user
segments was recorded and forecast for the future years. TechSci Research
sourced these values from the industry experts and company representatives and
externally validated through analyzing historical data of these product types
and applications for getting an appropriate, overall market size. Various
secondary sources such as company websites, news articles, press releases,
company annual reports, investor presentations and financial reports were also studied
by TechSci Research.
Key Target Audience:
- Two wheeler manufacturers/
suppliers/ distributors
- Market research and
consulting firms
- Government bodies such as
regulating authorities and policy makers
- Organizations, forums and
alliances related to two wheeler
The study is useful in providing answers
to several critical questions that are important for the industry stakeholders
such as manufacturers, suppliers and partners, end users, etc., besides
allowing them in strategizing investments and capitalizing on market
opportunities.
Report Scope:
In this report, Colombia two
wheeler market has been segmented into following categories, in addition
to the industry trends which have also been detailed below:
- Colombia Two Wheeler Market, By Vehicle Type:
- Colombia Two Wheeler Market, By Engine Capacity:
- Up to 125cc
- 126-250cc
- 250-500cc
- Above 500cc
- Colombia Two
Wheeler Market, By Region:
- North
- South
- East
- West
- Central
Competitive
Landscape
Company Profiles: Detailed analysis of the major
companies present in Colombia two wheeler market.
Available
Customizations:
With the given market data, TechSci
Research offers customizations according to a 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).
Colombia two wheeler market
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 sales@techsciresearch.com
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