Malaysia Two Wheeler market will
witness a robust growth during the forecasted period, owing to the rise in
demand of electric two wheelers, government incentives, and
growing trends of bike riding for adventure and recreational activities.
Due to increased government
initiatives to incentivize more people to purchase motorcycles and the
increased penetration of two wheelers in the nation relative to four-wheelers,
the two-wheeler sector in Malaysia is anticipated to continue seeing significant
development. Many Malaysians choose to purchase motorcycles for the
comparatively reduced cost of ownership, however there are now more factors
beyond cost-savings that influence this decision such as escaping traffic
congestion, automatic transmission two wheelers, Improved safety for two
wheelers, etc.
The most frequently utilized
automobile is a motorcycle. Due to its significant fuel efficiency, economical
form of transportation, large engine capacity, and cutting-edge gear
technology, the motorcycle has been utilized more frequently than the scooter
or moped. Scooters are less adaptable than motorcycles. In terms of aesthetics,
motorcycles outsell scooters because today’s youth is more concerned with looks
and virility. Due to its durability and improved wheel stability to carry large
luggage, the motorcycle is also being used by the advent of e-commerce for the
purpose of goods’ delivery. The demand for consumer goods, including
food, beverages, clothing, and electronics, has been growing steadily.
E-commerce has also been growing in popularity, as more and more people in the
country are turning to online shopping and this is leading to the rise in the
last mile delivery services. Overall, this is leading to the rise in the demand
of two-wheelers in the country in the forecast years.
Growing Population and
Urbanization
As Malaysia's population
continues to grow, so does the demand for affordable and convenient modes of transportation.
More people are residing in cities as a result of urbanization, which has also
increased the number of commuters. Two-wheelers, particularly motorcycles, are
an attractive option for commuters as they are affordable, fast, and efficient. The
Malaysian government has invested heavily in infrastructure development,
including the construction of new roads and highways, which has made it easier for
people to travel within and between cities. This has made two-wheelers a more
practical mode of transportation, especially in congested urban areas where
parking can be a challenge.
Increased Demand for Electric
Two-Wheelers
Electric two-wheelers are
becoming more popular in Malaysia as consumers look for greener and more
sustainable modes of transportation. The government has also been promoting the
use of electric vehicles by offering incentives and subsidies to both consumers
and manufacturers. As a result, the demand for electric two-wheelers is
expected to grow in the future.
Lifestyle and Leisure
Two-wheelers are not only
used for transportation but also for leisure activities such as touring and
exploring the country's scenic landscapes. Malaysia has some of the most
beautiful scenic routes, especially in rural areas, and two-wheelers provide an
ideal way to experience these routes up-close. Two-wheelers have become an
important part of Malaysian culture and are often associated with freedom,
independence, and a sense of adventure. Many young people in Malaysia view
owning a two-wheeler as a rite of passage and a symbol of their independence.
Focus on Safety Features
Safety features such as ABS
(Anti-lock Braking System) and CBS (Combi Brake System) are becoming
increasingly important to consumers in Malaysia. Manufacturers are now offering
these features on their two-wheelers as standard or optional equipment to attract
safety-conscious consumers. In addition, the government has also been promoting
the use of helmets and other safety equipment to reduce the number of accidents
on the roads. Two-wheelers are generally more affordable than
four-wheelers, making them a popular choice among price-sensitive consumers.
Recent Developments
The Honda affiliate in
Malaysia, Boon Siew Honda, has introduced the Honda Vario 125. Scooters like
the Vario 125 and Vario 150 are among the most widely used vehicles on the road
because of their low cost, simplicity, and utility. These scooters are
available in Malaysia and other neighboring Asian nations. With prices starting
at RM 7,080 (about $1,583 USD), the Honda Vario 125 is certainly a valuable
option in Malaysia. Because of this, it is a desirable model for both new and
seasoned motorcycle riders searching for a durable two-wheeler for daily usage. The
government and GLC's joint venture to yield and assemble electric motorcycles
demonstrates their shared commitment to social and environmental
responsibilities while generating green income through carbon trading. In this,
emissions are treated as either carbon credits or offsets that can be sold in a
carbon market like the voluntary carbon market (Bursa VCM) that will be
launched by the end of 2022 by Bursa Securities Malaysia Bhd. With
the assistance of University Malaysia Perlis and Motosikal dan Enjin Nasional
Sdn Bhd (Modenas), Mimos Berhad has created the first Range Extended Electric
Vehicle (RE-EV) in Malaysia (UniMAP).