India Two-Wheeler Hand Hold Market By Vehicle Type (Scooter/Moped and Motorcycle), By Demand Category (OEM vs Replacement), By Region, Competition Forecast & Opportunities, FY2027

India two-wheeler hand hold market is expected to grow at a rate of steady CAGR for the forecast period, FY2023-FY2027. Increasing vehicle production and the growing demand for two-wheeler vehicles are contributing to the market growth. The rapid urbanization of people in search of better living standards and job opportunities is expected to fuel the demand for the two-wheeler hand hold market. High demand from the rural areas for two-wheeler vehicles due to the rising awareness and disposable income of consumers is expected to foster the demand for the India two-wheeler hand hold market for the next five years. Supportive government policies to ensure rider and passengers' safety and promote domestic manufacturing are expected to create lucrative opportunities for the India two-wheeler hand hold market growth. Leading authorities have amended the Center Motor Vehicle rule and made it mandatory for the two-wheeler vehicles to have footrest and hand holds and saree guards in the rear wheel of the two-wheeler vehicle to boost the demand of India two-wheeler hand hold market growth. With the amendment in the safety provision rule of two-wheeler vehicles, any vehicle registered as a motorcycle in the RTO offices must be equipped with hand holds that also cover the demand of handhold in the luxury bikes.

India two-wheeler hand hold market is segmented into based on vehicle type, demand category, regional distribution, and company. Based on the demand category, the market is bifurcated into OEM and replacement. The OEM segment is expected to witness significant growth for the forecast period, FY2023-FY2027. OEMs offer the handhold in new two-wheeler vehicles and provide quality and warranty services to the customers. The high sales of two-wheeler vehicles due to a change in preference for vehicle ownership and the rise in the per capita income of consumers is expected to surge the demand for handhold in two-wheeler vehicles. 

The major players operating in the India inductor market are Tag Motors Limited, Span Autotech Pvt. Ltd., R. M. Components Private Limited, Dongguan Hongyi Carbon Fiber Technological Co., Ltd., SZ Motorcycle Industries Ltd., and others. Major companies are developing advanced technologies and launching new services to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new service developments.

Years considered for this report:

Historical Years: FY2017-FY2020

Base Year: FY2021

Estimated Year: FY2022

Forecast Period: FY2023–FY2027

Objective of the Study:

• To analyze the historical growth of the market size of India two-wheeler hand hold market from FY2017 to FY2020.
• To estimate and forecast the market size of India two-wheeler hand hold market from FY2021 to FY2027 and growth rate until FY2027.
• To classify and forecast India two-wheeler hand hold market based on vehicle type, demand category, regional distribution, and company.
• To identify dominant region or segment in the India two-wheeler hand hold market
• To identify drivers and challenges for India two-wheeler hand hold market
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in India two-wheeler hand hold market.
• To identify and analyze the profile of leading players operating in India two-wheeler hand hold market.
• To identify key sustainable strategies adopted by market players in India two-wheeler hand hold 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 India. 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 analysed the manufacturers, distribution channels and presence of all major collaboration manufacturers across India.

TechSci Research calculated the market size of India two-wheeler hand hold market using a bottom-up approach, where data for various end user industries and its application across various product types were recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analysing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company website, news articles, press releases, company annual reports, investor presentations and financial reports were also used by TechSci Research.

Key Target Audience:

• Two-wheeler hand hold manufacturing companies
• Market research and consulting firms
• Government bodies such as regulating authorities and policy makers
• Organizations, forums, and alliances related to two-wheeler hand hold market

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, India two-wheeler hand hold market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

• India Two-Wheeler Hand Hold Market, By Vehicle Type:
• Scooter/Moped
• Motorcycle
• India Two-Wheeler Hand Hold Market, By Demand Category:
• OEM
• Replacement
• India Two-Wheeler Hand Hold Market, By Region:
• North
• South
• East
• West

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in India two-wheeler hand hold market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to 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).