As per current published report by Markntel Advisors the Two Wheeler Market is estimated to grow at a CAGR of around 8.0% during the forecast period, i.e., 2023-28. A detailed discussion of industry behavior is presented. It will assist companies and other stakeholders in making decisions that assure strong earnings in the upcoming years, and also describes the future trend. In order to assist readers in making defensible choices on market projects, this research will offer a useful summary of the market and its dynamic environment. The growth prospects that will enable the market to extend its operations in current markets will be the main focus of this analysis.
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Key Driver: The Rapid Urbanization Prompting the Need for Compact Commuting Solutions
According to the United Nations (UN) Department of Economics and Social Affairs, it is predicted that 68% of the world population is expected to live in urban areas by 2050. As a result, the rising road congestion, insufficient mobility infrastructures, and lack of parking spaces necessitate the demand for compact commuting solutions in developed and developing economies, improving market growth.
Besides, standard bikes are witnessing accelerating demand over traditional motorcycles due to the low initial price driven by the developing economic strength of the urban middle-class population. Furthermore, the sudden surge in gasoline prices makes the urban and rural populace prefer mopeds, motorcycles, and standard bikes from four-wheelers. Other than this, the minimal maintenance required by such vehicles provides the necessary impetus required for further market expansion.
The Two Wheeler Market has segmented the market into the following categories:
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)
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By Region
- North America
- South America
- Europe
- Middle East & Africa
- Asia-Pacific
Competitive Environment Featuring Key Players:
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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-A geographical analysis that shows how the product or service is used in each area and what factors are influencing the market in that particular area
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-The present and projected market outlook in light of recent changes, which include growth prospects and drivers as well as obstacles and constraints in both developed and emerging regions
-Using Porter's Five Forces approach, provides a thorough examination of the market from a variety of angles.
-Uses the value chain to offer market intelligence.
-The state of the market dynamics and potential for future market expansion
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