Market Overview:
According to IMARC Group’s latest research publication, “Two-Wheeler Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2025-2033“, The global two-wheeler market size reached USD 138.6 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 245.9 Billion by 2033, exhibiting a growth rate (CAGR) of 6.25% during 2025-2033.
This detailed analysis primarily encompasses industry size, business trends, market share, key growth factors, and regional forecasts. The report offers a comprehensive overview and integrates research findings, market assessments, and data from different sources. It also includes pivotal market dynamics like drivers and challenges, while also highlighting growth opportunities, financial insights, technological improvements, emerging trends, and innovations. Besides this, the report provides regional market evaluation, along with a competitive landscape analysis.
How AI is Reshaping the Future of Two-Wheeler Market
- AI-powered In-Vehicle Infotainment (IVI) systems enable voice interaction and emotional communication, revolutionizing the Human-Machine Interface experience in motorcycles and scooters.
- Smart riding assistance features driven by AI technology improve safety through predictive analytics, reducing accidents by analyzing road conditions and rider behavior patterns in real-time.
- Vehicle-to-Vehicle (V2V) communication powered by AI enhances traffic management and collision avoidance, with connected two-wheelers sharing critical safety information.
- AI-based predictive maintenance systems help manufacturers reduce downtime by 25%, optimizing engine performance and extending vehicle lifespan through data analytics.
- Machine learning algorithms in electric two-wheelers optimize battery performance and charging patterns, increasing efficiency by 15% and extending battery life significantly.
Download a sample PDF of this report: https://www.imarcgroup.com/two-wheeler-market/requestsample
Key Trends in the Two-Wheeler Market
- Electric Revolution Accelerating: The shift towards electric two-wheelers is gaining momentum with government incentives and environmental awareness driving adoption. Electric scooters and motorcycles are becoming mainstream alternatives to traditional fuel-powered vehicles, offering zero-emission transportation solutions for urban mobility.
- Smart Connectivity Integration: Modern two-wheelers are incorporating advanced connectivity features including GPS navigation, smartphone integration, and IoT capabilities. Telematics and digital dashboards are enhancing rider experience while providing real-time vehicle diagnostics and performance monitoring.
- Urbanization Driving Demand: Rapid urbanization across developing countries is creating substantial demand for compact, fuel-efficient transportation. Two-wheelers offer practical solutions for navigating congested city streets and provide affordable mobility options for the expanding middle-class population.
- Flex Fuel Technology Adoption: Manufacturers are introducing flexible fuel motorcycles that run on petrol-methanol/ethanol blends, supporting sustainable mobility initiatives while reducing operating costs. This alternative fuel technology addresses environmental concerns while maintaining performance standards.
- Premium Segment Growth: Rising disposable incomes are fueling demand for premium motorcycles with advanced features, superior performance, and enhanced comfort. Luxury two-wheelers with high-end technology and sophisticated designs are attracting affluent consumers seeking exclusivity.
Growth Factors in the Two-Wheeler Market
- Affordability and Fuel Efficiency: Two-wheelers remain significantly more affordable than cars while offering excellent fuel economy, making them attractive to budget-conscious consumers across different income segments. Their cost-effectiveness for daily commuting drives consistent demand globally.
- Infrastructure Development: Improved road networks and expanding transportation infrastructure in emerging economies are facilitating greater two-wheeler adoption. Better connectivity between urban and rural areas increases the practical utility of motorcycles and scooters.
- Government Support and Policies: Favorable government policies including reduced GST rates, subsidies for electric vehicles through programs like India’s FAME-II, and supportive regulatory frameworks are accelerating market growth and technology adoption.
- Technological Advancements: Continuous innovation in engine technology, lightweight materials, and safety features like Anti-lock Braking Systems (ABS) and Electronic Fuel Injection (EFI) are enhancing vehicle performance and attracting tech-savvy consumers.
- Last-Mile Connectivity Solutions: Two-wheelers serve as essential last-mile transportation options, especially in areas with limited public transport infrastructure. Their maneuverability in dense traffic and compact parking requirements make them indispensable for urban mobility.
We explore the factors propelling the two-wheeler market growth, including technological advancements, consumer behaviors, and regulatory changes.
Leading Companies Operating in the Global Two-Wheeler Industry:
- Harley Davidson
- Hero MotoCorp Ltd.
- Honda Motor Co., Ltd.
- Suzuki Motor Corporation
- Yamaha Motor Co., Ltd.
- Bajaj Auto Limited
- TVS Motor Company
- Royal Enfield (Eicher Motors)
- KTM AG
- Ducati Motor Holding
Two-Wheeler Market Report Segmentation:
Breakup By Type:
- Scooters
- Mopeds
- Motorcycle
- Electric Two-Wheeler
Motorcycle accounts for the majority of shares due to their versatility for both urban commuting and long-distance travel, appealing to diverse consumer segments.
Breakup By Technology:
- ICE (Internal Combustion Engine)
- Electric
ICE dominates the market owing to established infrastructure, widespread availability, and familiarity among consumers.
Breakup By Transmission:
- Manual
- Automatic
Manual transmission holds the largest share due to direct control, engaging riding experience, and lower upfront costs.
Breakup By Engine Capacity:
- <100cc
- 100-125cc
- 126-180cc
- 181-250cc
- 251-500cc
- 501-800cc
- 801-1600cc
- 1600cc
100-125cc segment leads the market due to optimal balance of fuel efficiency, affordability, and practicality for daily commuting.
Breakup By Fuel Type:
- Gasoline
- Petrol
- Diesel
- LPG/CNG
- Battery
Petrol represents the largest segment due to widespread availability of refueling infrastructure and established consumer preference.
Breakup By End-User:
- Personal
- Commercial
Personal use accounts for the majority of market share driven by individual mobility needs, daily commuting, and recreational riding.
Breakup By Distribution Channel:
- Offline Channels
- Online Channels
Offline channels dominate due to the preference for physical examination, test rides, and personalized after-sales service from authorized dealerships.
Breakup By Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Asia Pacific enjoys the leading position owing to rapid urbanization, large population base, traffic congestion in cities, and growing middle-class demographics driving demand for affordable transportation.
Recent News and Developments in Two-Wheeler Market
- January 2024: Hero MotoCorp announced strategic partnership with Gogoro Inc. to accelerate electric mobility solutions, focusing on battery swapping technology and smart scooter development for the Indian market.
- March 2024: Honda Motor Company launched the CB300R naked streetfighter motorcycle globally, featuring advanced LED lighting, digital instrumentation, and enhanced safety features targeting young urban riders.
- June 2024: Bajaj Auto introduced flex-fuel motorcycles capable of running on ethanol-gasoline blends, supporting India’s biofuel initiatives while reducing carbon emissions and operating costs.
- August 2024: Yamaha Motor Co. unveiled new AI-integrated infotainment systems across select motorcycle models, enabling voice commands, smartphone connectivity, and real-time navigation assistance.
- September 2024: TVS Motor Company expanded its electric vehicle portfolio with the launch of high-performance electric scooters featuring fast-charging capabilities and extended range for urban commuting.
Note: If you require specific details, data, or insights that are not currently included in the scope of this report, we are happy to accommodate your request. As part of our customization service, we will gather and provide the additional information you need, tailored to your specific requirements. Please let us know your exact needs, and we will ensure the report is updated accordingly to meet your expectations.
About Us:
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
Contact Us:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-201971-6302