Key Factors Driving the Growth of the Global Two Wheeler Market forecast 2028

Global Two Wheeler Market Outlook for 2023-28

Markntel Advisors has conducted a comprehensive study on the Global Two-wheeler Market is projected to grow at a CAGR of around 8.0% during the forecast period, i.e., 2023-28. With comprehensive past adoption in racing, cruising, and sports-related activities, two wheeler vehicles, especially motorcycles that either run with the ignition of conventional gasoline or are powered by electricity, have found grounds over the years. Although the manufacturing of two-wheelers took a downturn with subsequent lockdowns and curfew situations due to the covid-19 pandemic, the demand side witnessed a swift surge. Moreover, customers displayed an increasing interest in such vehicles citing contamination risk while traveling through public transportation. Given this, most economies registered an inflated increase in two wheelers sales. For instance, North America and Europe recorded motorcycle and moped sales growth.

In addition, the Global Two Wheeler Market Study highlights the impact of domestic and localized market players, emerging revenue opportunities, strategic market growth analysis, product approvals, product launches, geographic expansions, and technological innovations. The objective of the report is to provide a detailed understanding of the industry, including its features, factors, and elements, along with insights into the regulatory scenario & regional dynamics that may impact market growth. 

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Possible Restraint: High Safety Measures and Convenience in Four-Wheelers Outpacing Two Wheelers

The populace’s preference for adapting four-wheelers such as sedans, SUVs, and other cars from mopeds and motorcycles is intensifying as they provide more comfort, safety, and convenience. Four-wheelers are produced with various safety mechanisms such as airbags, seat belts, and other safety equipment, which alarm and ensure driver’s and passenger’s protection. On the contrary, motorcycles and mopeds have low protective features and minimal inbuilt safety mechanisms for riders. Therefore, rising demand for safety measures is anticipated to restrain the market during the forecast period.

Global Two Wheeler Industry Breakdown: Key Revenue Generating Segments

To facilitate focused analysis, the Two Wheeler Market has been divided into different segments, providing shareholders with the opportunity to identify their areas of interest and the most profitable opportunities within the market. By incorporating technical trends, comprehensive analysis of the downstream & upstream value chain, as well as Porter’s five forces analysis, we have diligently forecasted the industry landscape for specific regions/countries, presenting critical pointers for informed decision-making. The segments are as follows:

-By Type of Fuel

-Gasoline

-Petrol

-Diesel

-LPG/CNG

-Battery

-By Vehicle Type

-Moped

-Scooter

-Motorcycle

-By Application

-Personal Use

-Commercial Use

-By Type of Engine Capacity

-Up to 125 cc

-126 to 250 cc

-251 to 500 cc

-Above 500 cc

-By Region

-North America

-South America

-Europe

-Middle East & Africa

-Asia-Pacific

Each sections offer valuable insights into the Two Wheeler Market. The report includes essential pillars of the industry study, such as drivers, restraints, opportunities, and challenges. The report also provides information on industry overview, specifications, definitions, suppliers, R&D status, cost structure analysis, sources, and technological advancements, potential for improvement, applications, among others.

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Competitive Analysis of the Global Two Wheeler Industry

-Hero Moto Corp.

-Yamaha Motor Co., Ltd.

-Harley Davidson

-TVS Motors

-BMW Motorrad

-Piaggio & C.S. p.A

-Bajaj Auto Ltd.

-Kawasaki Heavy Industries, Ltd

-Suzuki Motor Corporation

-Honda Motor Co., Ltd.

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Global Two Wheeler Market Research Report Answers the Following Key Questions

• How big is the Global Two Wheeler Market?
• What is the projected growth rate or CAGR of the Global Two Wheeler Market during 2022-27?
• What are the key trends or growth opportunities for the key players in the Global Two Wheeler Market?
• Which ‘segment’ seems promising for companies operating in the Global Two Wheeler Market?

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