Global two-wheeler market stood at around $ 95 billion in 2018 and is projected to surpass $ 125 billion by 2024
NEW YORK, May 8, 2019 /PRNewswire/ -- Global Two-Wheeler Market By Vehicle Type (Scooter/Moped and Motorcycle), By Engine Capacity (Up to 125cc, 126-250cc, 250-500cc and Above 500cc), By Region, Competition, Forecast & Opportunities, 2014 – 2024
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Global two-wheeler market stood at around $ 95 billion in 2018 and is projected to surpass $ 125 billion by 2024.Anticipated growth in the market would be driven by higher fuel efficiency, lower emissions, easy maneuverability and price attractiveness.
Moreover, launch of new models, growing number of female drivers and increasing congestion levels are expected to boost sales of two-wheelers across the globe. Increasing number of two-wheeler clubs, rising penetration of Chinese players and growing preference for two-wheeler taxis for mobility would have a positive impact on the market during forecast period.
Years considered for this report:
Historical Period: 2014-2017
Base Year: 2018
Estimated Year: 2019
Forecast Period: 2020-2024
Objective of the Study:
• To analyze and forecast global two-wheeler market size.
• To classify and forecast global two-wheeler market based on engine capacity type, vehicle type and region.
• To identify drivers and challenges for global two-wheeler market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global two-wheeler market.
• To conduct the pricing analysis for global two-wheeler market.
• To identify and analyze the profile of leading players engaged in the manufacturing of two-wheelers.
Some of the major players operating in 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, Suzuki Motor Corporation, Kawasaki Heavy Industries, Ltd., Honda Motor Co., Ltd. and BMW Motorrad.
To perform the study, the analyst conducted primary as well as exhaustive secondary research.Initially, the analyst prepared an exhaustive list of two-wheeler distributors and dealers operating globally.
Subsequently, the analyst conducted primary research surveys, which include primary calls, email responses, etc., with the identified companies. While interviewing, the respondents were also asked about their major competitors. Through this technique, the analyst could include manufacturers which could not be identified due to the limitations of secondary research. The analyst analyzed product offerings, distribution channels, and regional presence of all major two-wheeler companies across the globe.
The analyst calculated global two-wheeler market size using a bottom-up technique, wherein sales volume data of different vehicle types were recorded as well as forecast for the future years. The analyst sourced the data from industry experts and company representatives, and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size.
Multiple secondary sources such as directories, databases such as ACEM, JAMA, ASEAN, ANDI, company websites, company annual reports, white papers, investor presentations and financial reports were also studied by the analyst.
Key Target Audience:
• Two-wheeler manufacturers, suppliers, distributors and other stakeholders
• Associations, organizations, forums and alliances related to two-wheelers
• Government bodies such as regulating authorities and policy makers
• Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as two-wheeler manufacturers, dealers, customers and policy makers. The study would also help them to target the growing segments over the coming years, thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
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:
• Market, by Vehicle Type:
• Motorcycle
• Scooter/Moped
• Market, by Engine Capacity
• Up to 125cc
• 126-250cc
• 251-500cc
• Above 500cc
• Market, by Region:
• Asia-Pacific
China
Japan
India
Indonesia
Malaysia
Philippines
Thailand
Bangladesh
Rest of Region
• North America
United States
Canada
Mexico
• South America
Brazil
Argentina
Colombia
Peru
Ecuador
Chile
Venezuela
Paraguay
Rest of Region
• Europe
Italy
Germany
France
United Kingdom
Spain
Greece
Austria
Belgium
Poland
Netherlands
Czech Republic
Rest of Region
• Middle East
Saudi Arabia
Qatar
UAE
Rest of Region
• Africa
Angola
South Africa
Algeria
Morocco
Ethiopia
Tanzania
Nigeria
Kenya
Rest of Region
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in global two-wheeler market.
Available Customizations:
With the given market data, we 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).
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