India Two Wheeler Market Report 2022: Size, Share, Analysis, Industry Outlook and Forecast 2027

According to the latest report by IMARC Group, titled "India Two Wheeler Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," the India two-wheeler market reached a volume of 15.2 Million Units in 2021. Looking forward, IMARC Group expects the market to reach 42.2 Million Units by 2027, exhibiting a CAGR of 18.6% during 2022-2027.

competitive landscape.

Report Metric

Historical: 2016-2021

Base Year: 2021

Forecast Year: 2022-2027

Download free sample of the report: https://www.imarcgroup.com/india-two-wheeler-market/requestsample

India Two Wheeler Market Industry Definition and Application:

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.

Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

India Two Wheeler Market Trends and Drivers:

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, such as anti-braking systems, ride-by-wire, traction/wheelie control, etc., is anticipated to catalyze the market for two wheelers in India during the forecast period.

Browse full report with TOC: https://www.imarcgroup.com/india-two-wheeler-market

India Two Wheeler Market Segmentation:

The report has segmented the market on the basis on region, vehicle type, engine capacity.

Breakup by Vehicle Type:

Motorcycle
Scooter
Moped
Electric Two Wheeler

Breakup by Engine Capacity:

1600cc

Breakup by Region:

North India
East India
West and Central India
South India

Who are the Major India Two Wheeler Market Key players?

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 and Ola Electric Mobility Pvt Ltd.

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This release was published on openPR.