According to the latest report by IMARC Group, titled “ India Two Wheeler Market : Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028, ” The study provides a detailed analysis of the industry, including the two wheeler market share in india , size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advances in the market.
Report Highlights:
How big is the India two-wheeler market?
| Report Attributes | Details |
| Market Size in 2022 | 18 Million Units |
| Market forecast in 2028 | 48.1 Million Units |
| Growth rate (2023 to 2028) | CAGR of 17.80% |
| Base Year of the Analysis | 2022 |
| Forecast Period | 2023-2028 |
What is two-wheeler?
Two wheelers refer to vehicles such as motorcycles, bicycles, mopeds, scooters, etc. They can be manual or operated on electric- and fuel-based motors. Two wheelers have several benefits over three or four-wheeled vehicles, including maneuverability, higher fuel efficiency, cost-effectiveness, lower carbon emissions, etc. Additionally, they reduce dependency on public transit systems and decrease travel time.
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What are the growth prospects and trends in the India two-wheeler industry?
The escalating levels of urbanization coupled with the inflating disposable incomes of the consumers are primarily augmenting the growth of India two wheeler market. In addition to this, the improving living standards and the growing number of female drivers are also driving the sales of two-wheelers in the country. Besides this, the increasing environmental awareness towards high vehicular pollution from heavy-duty automobiles is further creating a positive outlook for the market. Apart from this, the soaring popularity of electric and hybrid two-wheelers that emit lower carbon emissions is acting as a significant growth-inducing factor. Furthermore, the expanding tourism industry is fueling the requirement for two-wheeler rentals, thereby stimulating the product demand in the country. Additionally, the emergence of several advanced technologies,
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Vehicle Type:
- motorcycle
- Scooter
- Moped
- Electric Two Wheeler
Breakup by Engine Capacity:
- <100cc
- 100-125cc
- 126-180cc
- 181-250cc
- 251-500cc
- 501-800cc
- 801-1600cc
- >1600cc
Breakup by Region:
- North India
- East India
- West and Central India
- South India
Who are the key players operating in the industry?
The report covers the major market players including:
- Hero MotoCorp Ltd
- Honda Motorcycle and Scooter India Pvt. Ltd
- TVS Motor Company Limited
- Bajaj Auto Ltd.
- Royal Enfield Ltd India
- Suzuki Motorcycle India Pvt. Ltd.
- Yamaha Motor India Pvt. Ltd.
- Triumph Motorcycles (India) Private Limited
- BMW India Private Limited
- Ducati India Private Limited
- Ather Energy Pvt. Ltd.
- Revolt Motors
- Lohia Auto Industries
- Okinawa Autotech Pvt. Ltd
- Ola Electric Mobility Pvt Ltd.
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