openPR Logo
Press release

Colombia Two Wheeler Market (2021-2027)

09-08-2021 02:34 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: 6wresearch

Colombia two-wheeler market witnessed modest growth during the period 2017-2020 owing to the increasing number of working population and improving lifestyles. Moreover, the inefficient public transportation system and rugged topography of Colombia led to growth in the demand for two-wheeler in the country. However, the pandemic situation caused by Covid-19 in 2020, led to a halt in assembling and manufacturing operations and disrupted the value chain and ecosystem of Colombia's two-wheeler market due to the government imposed nationwide lockdown. Although, the market has started reviving back in 2021 with the gradual lifting of lockdown restrictions and revival of supply chain disruptions.

Get Sample Report: https://www.6wresearch.com/industry-report/colombia-two-wheeler-market-2021-2027

According to 6Wresearch, the Colombia Two Wheeler Market size is projected to grow at a CAGR of 7.0% during 2021-2027. Rising traffic congestion with the development of roadways in the country under the Fourth Generation (4G) road infrastructure program 2014-2024 has contributed to the increase in demand for two-wheelers in Colombia. Additionally, a bilateral growth initiative between the Colombian government and the US International Finance Corporation to strengthen the economic development and infrastructure improvement would contribute towards the growth of employment and disposable income, which in turn would increase the demand for two-wheelers in the coming years.

According to Arjun Khurana, Research Associate, 6Wresearch, "By product types, non-electric two-wheeler emerged as a major market shareholder in terms of both revenues and volume during 2017-2020, and the same trend is anticipated to persist over the coming years, owing to better fuelling stations’ network and wider availability in the market in comparison to electric two-wheeler. However, the electric two-wheeler is expected to register significant growth during the forecast period on account of rising government initiatives for the promotion of e-vehicles, like Electric Mobility Law 2018 which reduced the tax rate on e-vehicles to 1%, and the launch of the National Strategy for Electric Mobility in 2019, which aims to promote the use of electric vehicles to reduce the overall carbon emissions in the country.”

"By non-electric two-wheeler power, upto 125 CC segment garnered the majority revenue and volume size in 2020 and the same segment would continue to dominate the market during the forecast period as well due to lower operating costs owing to their exemption from toll payments and vehicle tax under article 141 of the law.” Arjun further added.

According to Dhaval Chaurasia, Research Associate, 6Wresearch, "By regions, the Andean region acquired the largest revenue size in Colombia two-wheeler market in 2020 and the same trend is expected to continue during the forecast period as well, as the Andean region is a hub for service and the industrial sector with high population density in cities like Medellin, Bogota, and Cali, which drives the demand for two-wheelers for personal mobility and use in different services such as delivery and taxi services.”

Colombia Two-Wheeler Market (2021-2027)" report provides an in-depth analysis with 28 figures and 13 tables, covered in 84 pages. The report estimates and forecasts the Colombia two-wheeler market by product types and regions. The report provides an unbiased and detailed analysis of the ongoing trends, opportunities/ high growth areas, and market drivers, which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

614 & 614A, 6th Floor, D Mall, Netaji Subhash Place, PitamPura, New Delhi, Delhi 110034

6Wresearch is the premier, one stop market intelligence and advisory center, known for its best in class business research and consulting activity. We provide industry research reports and consulting service across different industries and geographies which provide industry players an in-depth coverage and help them in decision making before investing or enter into a particular geography.

Contact Us: Phone: +911143024305 | Email Id: sales@6wresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Colombia Two Wheeler Market (2021-2027) here

News-ID: 2386161 • Views:

More Releases from 6wresearch

Brazil Construction Equipment Market (2024-2030) | 6Wresearch
Brazil Construction Equipment Market (2024-2030) | 6Wresearch
Earth moving by types, generated the maximum revenue share in Brazil Construction Equipment Market - 6Wresearch Earth moving equipment witnessed the highest growth rate in the market, fueled by the rising construction activity focusing on road construction, bridge building, and urban development. This surge in investment is expected to boost the demand for earthmoving equipment, which plays a crucial role in tasks such as excavation, grading, and material transportation According to 6Wresearch,
Exploring Germany Door Handles Market Trends and Insights (2024-2030) - 6Wresearch
Exploring Germany Door Handles Market Trends and Insights (2024-2030) - 6Wresear …
By Product type, the Lever Handle segment accounted for the highest revenue share in 2023 since Lever handles are preferred over other types due to their accessibility, safety in emergencies, and compliance with Equal Opportunity Act (Disability Equality Act - BGG). Their universal design, aesthetic variety, and convenience make them popular for users of all abilities, enhancing both functionality and appeal in door handle selection. According to 6Wresearch, Germany Door Handles
India Mixer Grinder Market Trends: Insights into Revenue, Growth Drivers, and Distribution Channels (2023-2029) - 6Wresearch
India Mixer Grinder Market Trends: Insights into Revenue, Growth Drivers, and Di …
Mixer grinders of up to 550 W generated the highest revenue as it is suitable for mainly individuals and nuclear families in households for grinding and mixing. According to motor capacity, 550 W to 750 W mixer grinder produces moderate revenue as it has multiple uses in residential as well as adopted by mostly low dimension restaurants. According to 6Wresearch, the India Mixer Grinder Market is projected to grow at a
India Printer Market Shipment Tracker CY 2023
India Printer Market Shipment Tracker CY 2023
India Printer Market Overview India Printer Market shows diminishing trend, with a 20.7% decrease in Q4 2023 as compared to Q3 2023, according to the latest research from 6Wresearch. India Printer Market Shipment Volume by Players (CY2023) According to Ravi Bhandari, Head of Consumer Insights and Transformation Strategy, 6wresearch, HP attained the supreme position in the Q4 2023 with a 36.2% share. HP was followed by Epson with a 31.1% share. Other major

All 5 Releases


More Releases for Colombia

List of Law Firms in Colombia
List of Law Firms in Colombia is an Excel spreadsheet containing a list of the largest 1,000 Law Firms in Colombia. Each of our company lists displays the leading 1,000 companies ranked by revenue in $USm. Each Excel file contains the following: company name activity description (mainly for larger companies) address fields (address, zip / postcode, country) telephone number website address revenue ($USm) employees name and job title of up to
Colombia Agriculture Market, Colombia Agriculture Industry, Agriculture Dairy Ma …
Agriculture has always been of excessive importance for the Colombia, as feeding the world’s prime population is not a calm task. The Colombia government has been associating the agriculture industry with a quantity of policies, vexing to stabilise the output and in search of ways to confirm the sector is growing healthily and sustainably. The Colombia federal government has been highly supportive of agriculture for decades, and there is wide-ranging
Whats Driving The LATAM Frozen Bakery Market Growth? Bimbo de Colombia S.A. (Gru …
Decresearch has recently published a study titled ‘Global LATAM Frozen Bakery Market Research Report’. In this report, analysts have provided a detailed evaluation of the global LATAM Frozen Bakery market. The report is inclusive of a completely comprehensive study of the LATAM Frozen Bakery Market alongside all the important factors that are likely to have an impact on the commercialization matrix of the market. A highly methodical quantitative as well as
The Baby Food Sector in Colombia 2018 | Nestlé de Colombia, Mead Johnson Nutrit …
The Baby Food Sector in Colombia, 2018 Summary "The Baby Food Sector in Colombia, 2018", is an analytical report by Publisher which provides extensive and highly detailed current and future market trends in the Colombian market. Over the 2007-2017 period, Colombia's total population has steadily increased, while the number of births has fallen. Poverty appears to have been falling since 2009. In 2015, according to government figures, 27.8% of the population was classed
Agrochemicals Market in Colombia
ReportsWorldwide has announced the addition of a new report title Colombia: Agrochemicals: Market Intelligence (2016-2021) to its growing collection of premium market research reports. The report “Colombia: Agrochemicals: Market Intelligence (2016-2021)” provides market intelligence on the different market segments, based on type, active ingredient, formulation, crop, and pest. Market size and forecast (2016-2021) has been provided in terms of both, value (000 USD) and volume (000 KG) in the report. A
Colombia Minister of Mines & Energy to Deliver Keynote Address at Colombia Oil & …
As interest from around the world remains strong in the development of the Colombian oil and gas industry, the Minister of Mines and Energy, Dr. Federico Renjifo Vélez and the President of Ecopetrol, Dr. Javier Gutiérrez have confirmed their participation in the Colombia Oil & Gas Summit and Exhibition, whereby they will open and welcome industry leaders from over 25 countries. The Colombia Oil & Gas Summit