Global Two-Wheeler Market Set to Hit $260.60 Billion by 2032, Driven by Urban Mobility & EV Adoption at 6.4% CAGR

OREGAON, DE, UNITED STATES, February 21, 2025 /EINPresswire.com/ -- According to a new report published by Allied Market Research, titled, “Two-Wheeler Market," The two-wheeler market was valued at $143.30 billion in 2022, and is estimated to reach $260.6 billion by 2032, growing at a CAGR of 6.4% from 2023 to 2032.

The two-wheeler industry is also characterized by continuous innovation, with manufacturers introducing advanced features, improved safety standards, and cutting-edge technology to attract consumers. Therefore, the two-wheeler sector remains an important and dynamic part of the automotive industry, contributing to economic growth and providing diverse transportation options to meet the changing needs of consumers.

✅ 𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 - https://www.alliedmarketresearch.com/request-sample/A11379

The demand for two-wheelers is increasing due to the growing number of private companies heavily investing in the development of more efficient and smart motorcycles and scooters. The young generation of consumers is quite selective when it comes to the comfort and performance for riding, which encourages manufacturers to use appealing marketing techniques when they launch new two-wheeler models. For instance, in August 2022, BMW AG improved its SS 1000 R with improvements in the aerodynamic field. The newly created exterior fairing a composed of visible carbon fiber and has a wider windscreen that considerably enhances maximum speed while lowering aerodynamic drag and improving flow around the rider.

Additionally, the consumer trend towards using electric bicycles as an environmentally friendly and efficient solution for commuting and rising fuel costs is complementing the market growth. Additionally, rising energy costs and competition among new energy efficient technologies are also expected to drive market growth. Additionally, according to Paul Lee, Mark Casey, and Craig Wigginton (Deloitte's Global Head of Research for the Technology, Media, and Telecommunications (TMT) Industry), more than 130 million e-bikes will be sold between 2020 and 2020. (motorcycles and scooters) will be manufactured. Sales of electric bikes in 2023. He is scheduled to start in 2023. It is expected to sell more than 40 million units worldwide. This is attributed to technological innovations in electric bikes, making them more attractive for commuters.

The market growth is supplemented by factors such as increase in government initiatives toward electric mobility, rise in fuel prices, and consumer inclination toward use of e-bikes as an eco-friendly & efficient solution for commute which propels the growth of the two-wheeler market. However, high initial cost of e-bikes and scooters and ban on use of e-bikes in major cities of China are the factors expected to hamper the growth of the electric scooter and motorcycle market. In addition, improvement in infrastructure and growth in advancement in battery technology create market opportunities for the key players operating in the two-wheeler market.

✅ 𝐈𝐧𝐭𝐞𝐫𝐞𝐬𝐭𝐞𝐝 𝐭𝐨 𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐭𝐡𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭? 𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 - https://www.alliedmarketresearch.com/purchase-enquiry/A11379

In personal travel, two-wheelers play a vital role in providing affordable and efficient mobility solutions to people around the world. Its compact size, fuel efficiency, and movability make two-wheelers ideal choices for personal traveling, especially in heavily populated urban and semi-urban areas. Moreover, the rising population in several countries has led to a higher necessity for convenient and economical transportation modes. Also, their affordability makes them accessible to a broader segment, including students and lower-income individuals. Furthermore, the shift towards e-scooters and eco-friendly transportation has further driven the industry's growth. In addition, the integration of smart features technology in two-wheelers, such as connectivity, GPS navigation, and smartphone integration.

Electric two-wheelers have also gained traction as environmentally conscious consumers look for sustainable alternatives. Companies have responded by introducing electric scooters, such as the Bajaj Chetak and TVS iQube in India, capitalizing on the growing demand for eco-friendly mobility solutions. Furthermore, the ease of financing options and the penetration of financial institutions into rural areas have made two-wheelers more accessible to a wider consumer base, driving further growth in these markets.

The two-wheeler market is segmented on the basis of body type, technology, price, and region. Depending on the body type, the market is segregated into scooter and motorcycle. By technology, it is categorized into Internal Combustion Engine (ICE) and Electric. As per price, it is fragmented into low, medium, and high. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

✅ 𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰: https://www.alliedmarketresearch.com/two-wheeler-market/purchase-options

𝐋𝐞𝐚𝐝𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐥𝐚𝐲𝐞𝐫𝐬: -

Honda Motor Co., Ltd.
Bajaj Auto Ltd.
BMW AG
Hero Moto Corp.
Kawasaki Motors Corp., U.S.A.
Piaggio & C. SpA
Suzuki Motor Corporation
Triumph Motorcycles
TVS Motor Company
Yamaha Motors Co.

The report provides a detailed analysis of these key players in the global two-wheeler market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.

𝐀𝐛𝐨𝐮𝐭 𝐮𝐬 :

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies, and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

David Correa
Allied Market Research
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