Indian 2-Wheeler Market Industry Analysis, Size, Share, Growth, Trends, and Forecast 2020-2026 | Key Players - Hero MotoCorp, Honda, TVS, Bajaj, Royal Enfield, Yamaha, Suzuki, Piaggio, Mahindra, Kawasaki, Harley Davidson and Triumph
For detailed analysis of the overall sales of ICE 2W and adoption of E2W in India browse through- https://univdatos.com/report/-india-2-wheeler-market-current-scenario-and-forecast-2020-2025
Currently majority of 2-Wheelers manufactured in India are for domestic market. Export account for low share, however, recently demand for 2-wheelers in oversea market have influenced the manufacturer to increase their concentration on export. There is lot of potential seen in countries such as Vietnam, Thailand, Indonesia, Middle East, Latin America East African nations. In the Automotive Mission Plan 2026, the government and industry set a target to triple industry revenues, to US$ 300 billion, and expand exports sevenfold, to US$ 80 billion. To meet these aims, it is estimated that the sector could contribute more than 60 million additional direct and indirect jobs, and the result could be improved manufacturing competitiveness and reduced emissions. In 2018, after two consecutive years of decline in its export volumes, BAL's motorcycle exports (~33% of total volumes) are witnessing signs of growth revival, resulting in higher demand for BAL's products. Management expects its 2W export volumes to grow at 15% CAGR over the next 3 years.
For detailed analysis of the overall development in the Indian 2W industry, browse through- https://univdatos.com/report/-india-2-wheeler-market-current-scenario-and-forecast-2020-2025
Based on source type, we have segmented the market into ICE (Internal Combustion Engine) and Electric 2-wheeler. ICE segment holds lion's share in the Indian 2-wheeler market while electric segment expected to grow considerably over the analyzed period. Based on vehicle type, the ICE 2-wheeler market is mainly bifurcated into Motorcycle, Scooter, Moped, Performance Bike and Other Models. Motorcycle sales in India skyrocketed over the past few years, making the country the biggest motorcycle market in the World overtaking China since the 2016. The motorcycle sales in India will continue to follow its trend and will keep dominating the Indian 2-wheeler market. An increased demand from urban and semi-urban areas for motorcycle and a relatively low cost of ownership are some of the leading factors propelling the growth of the motorcycle market in India.
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Some of the major players profiled in the global electric motor market study include Hero MotoCorp, Honda, TVS, Bajaj, Royal Enfield, Yamaha, Suzuki, Piaggio, Mahindra, Kawasaki, Harley Davidson and Triumph. These industry players are entering into several mergers & acquisitions and partnerships for the expansion of their reach and increasing their hold on the market. The Indian 2-Wheeler industry is dominated by 3 major players, which account for more than 80% share in the industry.
Indian 2-Wheeler Market Segmentation
Market Insights, by Source Type
ICE (Internal Combustion Engine)
E2W (Electric 2-Wheeler)
ICE 2W Market Insights, by Vehicle Type
ICE 2W Market Insights, by Vehicle Class
Top Company Profiles
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