According to the latest report by IMARC Group “ India Two Wheeler Market : Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028, ” The India two-wheeler market size reached a volume of 18 Million Units in 2022. Looking forward , IMARC Group expects the market to reach a volume of 48.1 Million Units by 2028, exhibiting a growth rate (CAGR) of 17.80% during 2023-2028. all those who are planning to foray into the market in any form.
Two wheelers refer to vehicles such as motorcycles, bicycles, mopeds, scooters, etc. They can be manual or operated on electric- and fuel-based motors. efficiency, cost-effectiveness, lower carbon emissions, etc. Additionally, they reduce dependency on public transit systems and decrease travel time.
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India Two Wheeler Market Trends:
The escalating levels of urbanization coupled with the inflating disposable incomes of the consumers are primarily augmenting the growth of India two wheeler market. Besides this, the increasing environmental awareness towards high vehicular pollution from heavy-duty automobiles is further creating a positive outlook for the market. Apart from this, the soaring popularity of electric and hybrid two-wheelers that emit lower carbon emissions is Furthermore, the expanding tourism industry is fueling the requirement for two-wheeler rentals, thereby stimulating the product demand in the country.such as anti-braking systems, ride-by-wire, traction/wheelie control, etc., is anticipated to catalyze the market for two wheelers in India during the forecast period.
Report Segmentation:
The report has segmented the market into the following categories:
Type Insights
- Scooters
- Mopeds
- motorcycle
- Electric Two-Wheeler
Technology Insights
- ICE
- electric
Transmission Insights
- Manual
- Automatic
Engine Capacity Insights
- 100cc
- 100-125cc
- 126-180cc
- 181-250cc
- 251-500cc
- 501-800cc
- 801-1600cc
- 1600cc
Fuel Type Insights
- Gasolines
- Petrol
- Diesel
- LPG/CNG
- Battery
End-User Insights
- Personal
- Commercial
Distribution Channel Insights
- Offline Channels
- Online Channels
Breakup by Region:
- North India
- East India
- West and Central India
- South India
Competitive Landscape:
- Bajaj Auto Ltd.
- Hero MotoCorp Ltd.
- Honda Motorcycle Scooter India Pvt.
- Maruti Suzuki India Limited
- TVS Motor Company
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