Press release
Singapore Two-wheeler Services Market from 2022-2031
๐๐๐ญ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐ญ๐๐ข๐ฅ๐ฌ-https://www.transparencymarketresearch.com/two-wheeler-services-market.html
Tire services include tire pressure monitoring and replacement of tires, while battery services comprise replacement of two-wheeler batteries. Vehicle manufacturers, specialty shops, general repairs franchises, and locally-owned repair shops offer two-wheeler repair and maintenance services. Specialty shops are independently-owned shops specializing in doorstep services, breakdown assistance services, pick-up and drop services, and Annual Maintenance Contract (AMC) facilities.
Increase in Focus on Rider Safety Propelling Global Two-Wheeler Services Market
Breakdown of vehicle components often results in road accidents. Therefore, vehicle maintenance and servicing must be carried out regularly to boost vehicle performance. The service life of automotive components is highly dependent on utilization, as components have threshold lifespan. Regular motorcycle repair and services ensure rider safety and reduces air pollution. Thus, increase in focus on rider safety and environmental protection is expected to boost the growth prospects for global two-wheeler services market during the forecast period.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐ ๐๐๐ฆ๐ฉ๐ฅ๐- https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=84895
Growth of E-commerce and Last-mile Delivery Sectors Augmenting Two-wheeler Services Market
Growth of the e-commerce sector is expected to offer lucrative opportunities for players operating in the market. Competitive pricing is a key benefit of e-commerce websites. Increase in preference for online shopping has led to rapid growth in the last-mile delivery sector. Key delivery and e-commerce startups such as Big-basket, Swiggy, and Flipkart are expanding their regional presence, thereby driving the demand for two-wheelers for delivering goods and services. This, in turn, is fueling the need for periodic repair and maintenance of two-wheelers.
Lack of Fast Internet Connectivity and Digitalized Service Centers Fueling Traditional Segment
In terms of service platform, the global two-wheeler services market has been bifurcated into digital and traditional. The traditional segment held major share of 85.65% of the global market in 2021. The segment is estimated to maintain its position in the market during the forecast period.
Nearly 70% of the Indian population lives in rural areas. People in the rural areas of the country do not opt for the digital medium to book an appointment for two-wheeler servicing owing to the lack of availability of resources such as fast internet connectivity and digitalized service centers.
๐๐ฌ๐ค ๐ ๐จ๐ซ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ญ๐ข๐จ๐ง- https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=84895
Adoption of smartphones and availability of high-speed network connectivity is increasing at a rapid pace in rural areas. This is expected to encourage two-wheeler owners to opt for the digital medium due to the ease and convenience involved. Thus, digital platform is likely to be the fastest growing segment of the two-wheeler services market during the forecast period.
Reliability Factor Propelling Service at Station Segment
In terms of service type, the global two-wheeler services market has been classified into service at station, doorstep services, pick-up & drop services, breakdown assistance, and others. The service at station segment held major share of 82.90% of the global market in 2021. The segment is estimated to retain its dominance in the market during the forecast period. Lack of digital awareness in rural areas is a key factor driving the service at station segment. Additionally, reliability of service providers is another factor that plays a crucial role in driving the demand for service at station, especially in rural areas, where customers prefer to visit local service providers personally. They can also bargain on the services provided at these centers.
๐๐ง๐ช๐ฎ๐ข๐ซ๐ฒ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ - https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=84895
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