India Used Two Wheeler Market Outlook to 2020 - Rising Sales Through Online Channels and Potential Entry of OEMs to Foster Growth
LONDON, Oct. 18, 2016 /PRNewswire/ -- Executive Summary
The report titled "India Used Two Wheeler Market Outlook - Rising Sales Through Online Channels and Potential Entry of OEMs to Foster Growth" provides a comprehensive analysis of the various aspects such as market size of India used two wheeler market. The report also covers the segmentation on the basis of marketing structure, distribution channel, source of manufacturing, type of two-wheeler, engine capacity, ownership period of vehicle and others. Major players in India used two wheeler market have been identified and their competitive landscapes have also been covered in the report. The report is useful for online classifieds platforms, two-wheeler manufacturers, dealers of used two-wheelers, and new players venturing in the used two wheeler market.
The India used two-wheeler market has displayed a strong growth over the five year period from 2010-2015 on account of increasing income of households, immigration of working individuals in search of work or education as well as greater availability of used two-wheelers in the country. The used-two wheeler market in India has underscored a growth of ~% in terms of sales volume over the period 2010-2015. Further, online-automobile portals became a medium through which used vehicles started selling online. The market witnessed entry of a few organized players which focused on product quality. This encouraged working women and young individuals to look for used vehicles in good conditions. The market recorded revenue of INR ~ million in 2010, which enlarged to INR ~ million by 2015.
The used two wheeler market is largely dominated by unorganized players which consists of sellers, local mechanics and small dealerships. Together these players contributed to nearly ~% of the market in terms of revenue during 2015. The share of scooters in the used two-wheeler space was recorded at ~% in the overall sales volume during 2015 while the market has continued to be dominated by motorcycles with a massive share of ~%. On the basis of engine capacity of two-wheelers, used bikes with 100-110cc engine capacity have been mostly purchased by buyers. The share of this segment in the volume sales during 2015 was noted at ~%. Indians mostly use a two-wheeler for at least a period of three to five years before disposing it off. . During the year 2015, ~% of the two-wheelers sold were 4-5 years old, while ~% of the used vehicles sold were 3-4 years old.
The growth of online advertising, which has fuelled the rise of online classified platforms such as OLX, Quikr, Gaadi.com, Carwale.com and others have revolutionized the way in which pre-owned vehicles have been sold in the country. There are other platforms that have emerged in the Indian used two-wheeler market which enable buyers and sellers to engage and exchange products in a transparent manner. Players such as Droom, CredR and BikersHighway operate on a marketplace model wherein they charge a commission based fee for facilitating a transaction on their marketplace.
An emerging economy such as that of India offers huge potential for the used two wheeler market. The used two-wheeler dealers can utilize the current economic situation to provide value services and excellent second hand vehicles to improve their individual sales. In the coming few years, it is expected that the used two wheeler market will continue to flourish as more buyers will congregate the used two wheeler market seeking great deals as it is an excellent buying decision for an individual. Projections for the future suggest that this market is expected to showcase a vibrant growth, with revenues to reach INR ~ million by 2020, growing at a CAGR of ~% during the period 2016-2020. Currently, the Indian online automobile segment is not penetrated like product based e-commerce. There exist more opportunities and scope of innovations from budding startups in this space. The Indian online used two wheeler market is anticipated to grow from INR ~ million in 2016 to INR ~ million by 2020 displaying a CAGR of ~% during 2016-2020.
Key Topics Covered in the Report:
-The market size of India used two wheeler market.
- The market size of India online used two wheeler market.
- Value chain in India used two wheeler market.
- Market segmentation of India used two wheeler market on the basis of market structure, stock piece & customized vehicle, distribution channels, source of manufacturing, type of two-wheeler, engine capacity, average ownership period, by manufacturer, body type, certification and financed & non-financed vehicle.
-Trends and Developments in India used two wheeler market.
- Growth Drivers and Restraints in India used two wheeler market.
-SWOT analysis in India used two wheeler market.
- Pre-Requisites to Enter the India used two wheeler market.
-Government Regulations in India used two wheeler market.
- Major players and their business models.
-Customer Profile in India used two wheeler market.
- Analyst Recommendations and Expert Take on India Used Two wheeler market.
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