Press release
With 18.6% CAGR, India Two Wheeler Market to hit 42.2 Million 2027
India Two Wheeler Market Report
What are the growth prospects of india two wheeler industry?
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.
What is a india two wheeler?
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.
Impact of COVID-19:
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.
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What are the major market drivers in the india two wheeler market?
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.
Get the table of contents with all detailed information: https://www.imarcgroup.com/india-two-wheeler-market
Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Vehicle Type:
Motorcycle
Scooter
Moped
Electric Two Wheeler
Breakup by Engine Capacity:
1600cc
By Region:
North India
East India
West and Central India
South India
List of Major 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
Ola Electric Mobility Pvt Ltd
Related Report by IMARC Group:
United States Tire Market Report: https://www.imarcgroup.com/united-states-tire-market
India Electric Vehicle Battery Market Report: https://www.imarcgroup.com/india-electric-vehicle-battery-market
Automotive Sunroof Market Report: https://www.imarcgroup.com/automotive-sunroof-market
Water Scooter Market Report: https://www.imarcgroup.com/water-scooter-market
Quadricycle and Tricycle Market Report: https://www.imarcgroup.com/quadricycle-tricycle-market
China Electric Vehicle Battery Market Report: https://www.imarcgroup.com/china-electric-vehicle-battery-market
Online Car Buying Market Report: https://www.imarcgroup.com/online-car-buying-market
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