Report Description

Global Two-Wheeler Market is expected to register an impressive CAGR because the penetration of the two wheelers in the global market is increasing as the utilization of the two wheelers in quick delivery and short distance commute has increased. Price effectiveness is also a factor that is influencing market growth. Motorcycles and mopeds have become viable alternatives to vehicles because of the rising population in emerging nations and the scarcity of parking spots. Whether someone buys a two-wheeler or leases one, they are incredibly economical. A better cost of service, fuel consumption, parking fees, maintenance costs, and mileage all reflect this. As a result, the demand for two-wheelers has surged due to characteristics including high mobility, ease of usage, particularly over short distances, simple bank financing alternatives, and affordability. Rapid urbanization has also led to an increase in the adoption of two-wheelers. Similarly, rising fuel prices are also leading consumers to adopt electric two-wheelers because of their price effectiveness and rising emission standards.

Global Two-Wheeler Market Scope

The Global Two-Wheeler Market is segmented on the basis of vehicle type, capacity, end use and Region. Based on vehicle type, the market is further segmented into scooter/moped and motorcycle. Based on capacity, the market is segmented by up to 125cc, 126-250cc, 250-500cc, above 500cc and electric. Based on end use, the market is segmented into individual and institutional. The market analysis also studies the region wise segmentation to devise market.

Market Overview

Global Two-Wheeler Market Drivers

The global rapid urbanization is leading the market growth as the urban population is rising. Urbanization has become more prominent during the past ten years in emerging countries such as Asia and Oceania, and the market will rise because of rising demand for compact mobility solutions in both established and emerging countries because of problems including parking shortages and traffic congestion, among other things. The rising fuel prices and traffic in major cities across the globe are also influencing the two-wheeler market's growth. The rise in urban mobility and the penetration of electric two-wheelers in the mobility sector are expected to drive the market during the forecast period.

Similarly, consumers shifting to two-wheelers from four-wheelers for daily commuting because of higher fuel efficiency is also expected to drive market growth as the adoption of electric two-wheelers becomes an efficient means of transport. The substantial increase in oil prices is expected to cause urban and rural consumers to prefer mopeds and motorbikes over four-wheelers due to their greater fuel efficiency and minimal maintenance requirements. These elements will thus fuel the market's expansion. The increased fuel prices from last year have resulted in a rise in concern for consumers, and this is leading them to switch toward electric two-wheelers or the ICE two-wheeler as it is more fuel efficient than four-wheelers.


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Global Two-Wheeler Market Trends

The rising sales of electric vehicles across the globe, especially in the two-wheeler segment, are generating new opportunities in the market as governments of different countries are also promoting the use and adoption of electric vehicles. Similarly, the rise in the usage of two-wheelers in last-mile deliveries is also increasing demand for two-wheelers across the globe.

Global Two-Wheeler Market Challenges

The increasing safety concerns across the globe are a key challenge for market growth. Compared to motorbikes and mopeds, four-wheelers like sedans, SUVs, and other automobiles provide more comfort, safety, and convenience. Thus, for extended journeys, the public favors four-wheelers. For instance, four-wheelers come with a variety of safety features, including airbags, seat belts, and other safety gear, all of which are designed to protect the driver and passengers. The least protective features for the riders are found on motorcycles and mopeds, which also have the fewest built-in safety-related components and equipment.

Recent Developments

There are many established players operating globally in the two-wheeler industry, and the industry is undergoing major transformation in terms of new product launches such as Monster Energy. Yamaha MotoGP Edition models were unveiled by Yamaha Motor Pvt. Ltd. in India, and the company has also launched new Fascino and Ray ZR; other notable models include the Maxi-Sports Scooter AEROX 155, the Dark Warrior MT-15 V2.0, and the Supersport YZF-R15M. Like the introduction of the first "modern retro" motorcycle in the industry, the TVS RONIN and TVS Motor Corporation debuted a premium model. Similarly, many startups are also launching new product lines globally. Bajaj has also planned to launch its electric version of the Chetak in Europe by next year.

The other key global players such as Honda Motor Co. Ltd., Yamaha Motors Co., Hero Moto Corp. etc. are adopting alternatives to oil-based fuels for two wheelers because there is rise in the sales of electric two wheelers as governments of different countries in the globe are also providing incentives and subsidies to meet the carbon emission targets. All this is leading to the rise in the demand of electric two wheelers, so manufacturers are also focusing on this category. Overall, during the forecast period, the market is expected to witness an impressive growth rate.

Market Opportunity

The rental and sharing services are on the rise, particularly in urban areas, and two-wheeler manufacturers are partnering with these services to provide efficient two-wheelers. Similarly, many new startups are also competing with the established players in the electric two-wheeler market. The demand for two-wheelers is expected to increase in emerging markets such as India, China, and Southeast Asia. Overall, the market is expected to witness new opportunities during the forecast period.

Macro-economic factors such as demographics are expected to impact the demand for two-wheelers in the global market. Similarly, fuel prices impact the demand for two-wheelers, as they are often viewed as a more fuel-efficient alternative to cars. High fuel prices can lead to increased demand for two-wheelers, while low fuel prices can lead to decreased demand.

Company Insights

Hero MotoCorp Ltd. is the largest two-wheeler manufacturer in India, and the company holds a position in the top five players globally. The company has started expanding in Africa and the Middle East. The company has manufacturing facilities in India, and its top export markets include Bangladesh and Sri Lanka. Bajaj Auto Ltd. is another leading Indian two-wheeler manufacturer and exports to more than 70 countries. In FY21, the company exported 18.6 million units of motorcycles globally. The company has three manufacturing plants in India, and it has also planned to set up an electric two-wheeler manufacturing plant with an overall investment of around USD 36 million and an annual production capacity of 500,000 units. Similarly, other top players are also expanding their manufacturing facilities, and during the forecast period, new electric two-wheeler models from different companies will increase the overall market penetration.

Company Profiles

Bajaj Auto Ltd., Yamaha Motor Co., Ltd., Piaggio & C. S.p.A., TVS Motor Company Limited, Harley Davidson, Suzuki Motor Corporation, Kawasaki Heavy Industries, Ltd., Honda Motor Co., Ltd, and BMW Motorrad are the leading companies operating in the global two-wheeler market.

Attribute

Details

Base Year

2022

Historical Years

2018 – 2022

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Billion, Volume in Thousand Units, and CAGR for 2018-2022 and 2023-2028

Report Coverage

Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends

Segments Covered

By Vehicle Type

By Capacity

By End Use

By Region

Regional Scope

Asia-Pacific, North America, Latin America, Europe &CIS, Middle East & Africa

Country Scope

United States, Canada, Mexico, United Kingdom, Germany, France, Italy, Spain, Russia, China, Japan, India, Malaysia, Indonesia, Vietnam, South Korea, Mexico, Brazil, Colombia.

Key Companies Profiled

Hero MotoCorp Ltd., Bajaj Auto Ltd., Yamaha Motor Co., Ltd., Piaggio & C. S.p.A., TVS Motor Company Limited, Harley Davidson, Suzuki Motor Corporation, Kawasaki Heavy Industries, Ltd., Honda Motor Co., Ltd, and BMW Motorrad

Customization Scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and Purchase Options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request)

Report Scope:

In this report, Global Two-Wheeler market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

Two-Wheeler Market, By Vehicle Type:

o Scooter/Moped

o Motorcycle

Two-Wheeler Market, By Capacity:

o Up to 125cc

o 126-250cc

o 250-500cc

o Above 500cc

o Electric

Two-Wheeler Market, By End Use:

o Individual

o Institutional

Two-Wheeler Market, By Region:

o Asia-Pacific

  • China
  • India
  • Japan
  • Malaysia
  • Thailand
  • Indonesia
  • Vietnam
  • South Korea

o North America

  • United States
  • Canada
  • Mexico

o      Europe & CIS

  • Germany
  • France
  • United Kingdom
  • Spain
  • Italy
  • Belgium
  • Russia

o      South America

  • Brazil
  • Argentina
  • Colombia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Global 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).

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 [email protected]

Table of content

1.    Introduction

2.    Product Overview

3.    Research Methodology

4.    Executive Summary

5.    Impact of COVID-19 on Global Two-Wheeler Market

6.    Voice of Customer

6.1.  Factors Influencing Purchase Decision

6.2.  Aided Brand Recall and Unaided Brand Recall

6.3.  Challenges/Unmet Needs

7.    Global Two-Wheeler Market Outlook

7.1.  Market Size & Forecast

7.1.1.     By Value and Volume

7.2.  Market Share & Forecast

7.2.1.     By Vehicle Type (Scooter/Moped and Motorcycle)

7.2.2.     By Capacity ((Up to 125cc, 126-250cc, 250-500cc, Above 500cc and Electric)

7.2.3.     By End Use (Individual and Institutional)

7.2.4.     By Region (North America; Europe; Asia Pacific; South America and Middle East & Africa)

7.2.5.     By Company (2022)

7.3.  Product Market Map (By Vehicle Type, By Region)

8.    North America Two-Wheeler Market Outlook

8.1.  Market Size & Forecast          

8.1.1.     By Value and Volume

8.2.  Market Share & Forecast

8.2.1.     By Vehicle Type

8.2.2.     By Capacity

8.2.3.     By End Use

8.2.4.     By Country (United States; Canada; Mexico)

8.3.  Product Market Map (By Vehicle Type, By Country)

8.4.  North America: Country Analysis

8.4.1.     United States Two-Wheeler Market Outlook

8.4.1.1.         Market Size & Forecast

8.4.1.1.1.             By Value and Volume

8.4.1.2.         Market Share & Forecast

8.4.1.2.1.             By Vehicle Type

8.4.1.2.2.             By Capacity

8.4.1.2.3.             By End Use

8.4.2.     Canada Two-Wheeler Market Outlook

8.4.2.1.         Market Size & Forecast

8.4.2.1.1.             By Value and Volume

8.4.2.2.         Market Share & Forecast

8.4.2.2.1.             By Vehicle Type

8.4.2.2.2.             By Capacity

8.4.2.2.3.             By End Use

8.4.3.     Mexico Two-Wheeler Market Outlook

8.4.3.1.         Market Size & Forecast

8.4.3.1.1.             By Value and Volume

8.4.3.2.         Market Share & Forecast

8.4.3.2.1.             By Vehicle Type

8.4.3.2.2.             By Capacity

8.4.3.2.3.             By End Use

9.    Asia Pacific Two-Wheeler Market Outlook

9.1.  Market Size & Forecast          

9.1.1.     By Value and Volume

9.2.  Market Share & Forecast

9.2.1.     By Vehicle Type

9.2.2.     By Capacity

9.2.3.     By End Use (Individual and Institutional)

9.2.4.     By Country (China, India, Japan, Malaysia, Thailand, Indonesia, Vietnam, South Korea)

9.2.5.     Product Market Map (By Vehicle Type, By Country)

9.3.  Asia Pacific: Country Analysis

9.3.1.     China Two-Wheeler Market Outlook

9.3.1.1.         Market Size & Forecast

9.3.1.1.1.             By Value and Volume

9.3.1.2.         Market Share & Forecast

9.3.1.2.1.             By Vehicle Type

9.3.1.2.2.             By Capacity

9.3.1.2.3.             By End Use

9.3.2.     India Two-Wheeler Market Outlook

9.3.2.1.         Market Size & Forecast

9.3.2.1.1.             By Value and Volume

9.3.2.2.         Market Share & Forecast

9.3.2.2.1.             By Vehicle Type

9.3.2.2.2.             By Capacity

9.3.2.2.3.             By End Use

9.3.3.     Japan Two-Wheeler Market Outlook

9.3.3.1.         Market Size & Forecast

9.3.3.1.1.             By Value and Volume

9.3.3.2.         Market Share & Forecast

9.3.3.2.1.             By Vehicle Type

9.3.3.2.2.             By Capacity

9.3.3.2.3.             By End Use

9.3.4.     Malaysia Two-Wheeler Market Outlook

9.3.4.1.         Market Size & Forecast

9.3.4.1.1.             By Value and Volume

9.3.4.2.         Market Share & Forecast

9.3.4.2.1.             By Vehicle Type

9.3.4.2.2.             By Capacity

9.3.4.2.3.             By End Use

9.3.5.     Thailand Two-Wheeler Market Outlook

9.3.5.1.         Market Size & Forecast

9.3.5.1.1.             By Value and Volume

9.3.5.2.         Market Share & Forecast

9.3.5.2.1.             By Vehicle Type

9.3.5.2.2.             By Capacity

9.3.5.2.3.             By End Use

9.3.6.     Indonesia Two-Wheeler Market Outlook

9.3.6.1.         Market Size & Forecast

9.3.6.1.1.             By Value and Volume

9.3.6.2.         Market Share & Forecast

9.3.6.2.1.             By Vehicle Type

9.3.6.2.2.             By Capacity

9.3.6.2.3.             By End Use

9.3.7.     Vietnam Two-Wheeler Market Outlook

9.3.7.1.         Market Size & Forecast

9.3.7.1.1.             By Value and Volume

9.3.7.2.         Market Share & Forecast

9.3.7.2.1.             By Vehicle Type

9.3.7.2.2.             By Capacity

9.3.7.2.3.             By End Use

9.3.8.     South Korea Two-Wheeler Market Outlook

9.3.8.1.         Market Size & Forecast

9.3.8.1.1.             By Value and Volume

9.3.8.2.         Market Share & Forecast

9.3.8.2.1.             By Vehicle Type

9.3.8.2.2.             By Capacity

9.3.8.2.3.             By End Use

10.  Europe & CIS Two-Wheeler Market Outlook

10.1.              Market Size & Forecast

10.1.1.  By Value and Volume

10.2.              Market Share & Forecast

10.2.1.  By Vehicle Type

10.2.2.  By Capacity

10.2.3.  By End Use

10.2.4.  By Country (Germany, France, United Kingdom, Spain, Italy, Belgium, Russia)

10.3.              Product Market Map (By Vehicle Type, By Country)

10.4.              Europe & CIS: Country Analysis

10.4.1.  Germany Two-Wheeler Market Outlook

10.4.1.1.      Market Size & Forecast

10.4.1.1.1.           By Value and Volume

10.4.1.2.      Market Share & Forecast

10.4.1.2.1.           By Vehicle Type

10.4.1.2.2.           By Capacity

10.4.1.2.3.           By End Use

10.4.2.  France Two-Wheeler Market Outlook

10.4.2.1.      Market Size & Forecast

10.4.2.1.1.           By Value and Volume

10.4.2.2.      Market Share & Forecast

10.4.2.2.1.           By Vehicle Type

10.4.2.2.2.           By Capacity

10.4.2.2.3.           By End Use

10.4.3.  United Kingdom Two-Wheeler Market Outlook

10.4.3.1.      Market Size & Forecast

10.4.3.1.1.           By Value and Volume

10.4.3.2.      Market Share & Forecast

10.4.3.2.1.           By Vehicle Type

10.4.3.2.2.           By Capacity

10.4.3.2.3.           By End Use

10.4.4.  Spain Two-Wheeler Market Outlook

10.4.4.1.      Market Size & Forecast

10.4.4.1.1.           By Value and Volume

10.4.4.2.      Market Share & Forecast

10.4.4.2.1.           By Vehicle Type

10.4.4.2.2.           By Capacity

10.4.4.2.3.           By End Use

10.4.5.  Italy Two-Wheeler Market Outlook

10.4.5.1.      Market Size & Forecast

10.4.5.1.1.           By Value and Volume

10.4.5.2.      Market Share & Forecast

10.4.5.2.1.           By Vehicle Type

10.4.5.2.2.           By Capacity

10.4.5.2.3.           By End Use

10.4.6.  Belgium Two-Wheeler Market Outlook

10.4.6.1.      Market Size & Forecast

10.4.6.1.1.           By Value and Volume

10.4.6.2.      Market Share & Forecast

10.4.6.2.1.           By Vehicle Type

10.4.6.2.2.           By Capacity

10.4.6.2.3.           By End Use

10.4.7.  Russia Two-Wheeler Market Outlook

10.4.7.1.      Market Size & Forecast

10.4.7.1.1.           By Value and Volume

10.4.7.2.      Market Share & Forecast

10.4.7.2.1.           By Vehicle Type

10.4.7.2.2.           By Capacity

10.4.7.2.3.           By End Use

11.  South America Two-Wheeler Market Outlook

11.1.              Market Size & Forecast

11.1.1.  By Value and Volume

11.2.              Market Share & Forecast

11.2.1.  By Vehicle Type

11.2.2.  By Capacity

11.2.3.  By End Use

11.2.4.  By Country (Brazil, Argentina, Colombia)

11.3.              Product Market Map (By Vehicle Type, By Country)

11.4.              South America: Country Analysis

11.4.1.  Brazil Two-Wheeler Market Outlook

11.4.1.1.      Market Size & Forecast

11.4.1.1.1.           By Value and Volume

11.4.1.2.      Market Share & Forecast

11.4.1.2.1.           By Vehicle Type

11.4.1.2.2.           By Capacity

11.4.1.2.3.           By End Use

11.4.2.  Argentina Two-Wheeler Market Outlook

11.4.2.1.      Market Size & Forecast

11.4.2.1.1.           By Value and Volume

11.4.2.2.      Market Share & Forecast

11.4.2.2.1.           By Vehicle Type

11.4.2.2.2.           By Capacity

11.4.2.2.3.           By End Use

11.4.3.  Colombia Two-Wheeler Market Outlook

11.4.3.1.      Market Size & Forecast

11.4.3.1.1.           By Value and Volume

11.4.3.2.      Market Share & Forecast

11.4.3.2.1.           By Vehicle Type

11.4.3.2.2.           By Capacity

11.4.3.2.3.           By End Use

12.  Middle East and Africa Two-Wheeler Market Outlook

12.1.              Market Size & Forecast

12.1.1.  By Value and Volume

12.2.              Market Share & Forecast

12.2.1.  By Vehicle Type

12.2.2.  By Capacity

12.2.3.  By End Use

12.2.4.  By Country (South Africa, UAE, Saudi Arabia, Egypt)

12.3.              Product Market Map (By Vehicle Type, By Country)

12.4.              Middle East and Africa: Country Analysis

12.4.1.  South Africa Two-Wheeler Market Outlook

12.4.1.1.      Market Size & Forecast

12.4.1.1.1.           By Value and Volume

12.4.1.2.      Market Share & Forecast

12.4.1.2.1.           By Vehicle Type

12.4.1.2.2.           By Capacity

12.4.1.2.3.           By End Use

12.4.2.  UAE Two-Wheeler Market Outlook

12.4.2.1.      Market Size & Forecast

12.4.2.1.1.           By Value and Volume

12.4.2.2.      Market Share & Forecast

12.4.2.2.1.           By Vehicle Type

12.4.2.2.2.           By Capacity

12.4.2.2.3.           By End Use

12.4.3.  Saudi Arabia Two-Wheeler Market Outlook

12.4.3.1.      Market Size & Forecast

12.4.3.1.1.           By Value and Volume

12.4.3.2.      Market Share & Forecast

12.4.3.2.1.           By Vehicle Type

12.4.3.2.2.           By Capacity

12.4.3.2.3.           By End Use

12.4.4.  Egypt Two-Wheeler Market Outlook

12.4.4.1.      Market Size & Forecast

12.4.4.1.1.           By Value and Volume

12.4.4.2.      Market Share & Forecast

12.4.4.2.1.           By Vehicle Type

12.4.4.2.2.           By Capacity

12.4.4.2.3.           By End Use

13.  Key Developments in the Industry

13.1.              Research and Innovation

13.2.              New Products in the Market

13.3.              Key Investments

13.4.              Technological Developments

13.5.              Key Takeaways

14.  Market Dynamics

14.1.              Drivers

14.1.1.  Rapid Urbanization globally

14.1.2.  Consumers shifting to two wheelers form four-wheeler.

14.2.              Challenges

14.2.1.  Increasing Safety Concerns.

15.  Market Trends

15.1.              Growing demand of Electric Two wheelers.

15.2.              Rising Emissions Standards

16.  Porter’s Five Forces Model

16.1.              Competition Landscape

16.2.              Buyer Power

16.3.              Supplier Power

16.4.              Threat of New Entrants

16.5.              Threat of Substitutes

17.  Competitive Landscape

17.1.              Hero MotoCorp Ltd.

17.1.1.  Company Details

17.1.2.  Products & Services

17.1.3.  Financial (As Reported)

17.1.4.  Key Market Focus & Geographical Presence

17.1.5.  Recent Development

17.1.6.  Key Management Personnel

17.2.              Bajaj Auto Ltd.

17.2.1.  Company Details

17.2.2.  Products & Services

17.2.3.  Financial (As Reported)

17.2.4.  Key Market Focus & Geographical Presence

17.2.5.  Recent Development

17.2.6.  Key Management Personnel

17.3.              Yamaha Motor Co., Ltd.

17.3.1.  Company Details

17.3.2.  Products & Services

17.3.3.  Financial (As Reported)

17.3.4.  Key Market Focus & Geographical Presence

17.3.5.  Recent Development

17.3.6.  Key Management Personnel

17.4.              Piaggio & C. S.p.A.

17.4.1.  Company Details

17.4.2.  Products & Services

17.4.3.  Financial (As Reported)

17.4.4.  Key Market Focus & Geographical Presence

17.4.5.  Recent Development

17.4.6.  Key Management Personnel

17.5.              TVS Motor Company Limited

17.5.1.  Company Details

17.5.2.  Products & Services

17.5.3.  Financial (As Reported)

17.5.4.  Key Market Focus & Geographical Presence

17.5.5.  Recent Development

17.5.6.  Key Management Personnel

17.6.              Harley Davidson

17.6.1.  Company Details

17.6.2.  Products & Services

17.6.3.  Financial (As Reported)

17.6.4.  Key Market Focus & Geographical Presence

17.6.5.  Recent Development

17.6.6.  Key Management Personnel

17.7.              Suzuki Motor Corporation

17.7.1.  Company Details

17.7.2.  Products & Services

17.7.3.  Financial (As Reported)

17.7.4.  Key Market Focus & Geographical Presence

17.7.5.  Recent Development

17.7.6.  Key Management Personnel

17.8.              Kawasaki Heavy Industries, Ltd.

17.8.1.  Company Details

17.8.2.  Products & Services

17.8.3.  Financial (As Reported)

17.8.4.  Key Market Focus & Geographical Presence

17.8.5.  Recent Development

17.8.6.  Key Management Personnel

17.9.              Honda Motor Co., Ltd

17.9.1.  Company Details

17.9.2.  Products & Services

17.9.3.  Financial (As Reported)

17.9.4.  Key Market Focus & Geographical Presence

17.9.5.  Recent Development

17.9.6.  Key Management Personnel

17.10.            BMW Motorrad

17.10.1.                Company Details

17.10.2.                Products & Services

17.10.3.                Financial (As Reported)

17.10.4.                Key Market Focus & Geographical Presence

17.10.5.                Recent Development

17.10.6.                Key Management Personnel

18.  Strategic Recommendations

18.1.              Key Focus Areas

18.2.              Target Regions & Countries

18.3.              Target Type

18.4.              Target Category

19. About Us & Disclaimer

Figures and Tables

Frequently asked questions

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The growing adoption of electric two wheelers and rising carbon emission concerns globally is leading the growth of the Global Two-Wheeler market. The rapid urbanization is also influencing growth in the market.

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Global Two-Wheeler Market by vehicle type is segmented into scooter/moped and motorcycle. The motorcycle market share in the higher engine variants is expected to increase during the forecast period.

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The major player contributing Global Two-Wheeler Market are Hero MotoCorp Ltd., Bajaj Auto Ltd., Yamaha Motor Co., Ltd., Piaggio & C. S.p.A., TVS Motor Company Limited, Harley Davidson, and Suzuki Motor Corporation etc.

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Asia-Pacific is the leading region in the market globally, followed by Europe and North America and Asia Pacific is expected to maintain its top position in the Global Two-Wheeler Market during the forecast period.

profile

Srishti Verma

Business Consultant
Press Release

Global Two-wheeler Market is expected to generate new demand as the sales of electric two-wheeler is increasing rapidly

Apr, 2023

The rise in the demand of the electric vehicles and the carbon emission targets is increasing the demand of the green tires in the global market.