Press release
Two-Wheeler Market Report 2023 | Share, Size, Price, Growth Analysis 2028
Two-Wheeler Market
What are the growth prospects of two-wheeler industry?
The global two-wheeler market size reached US$ 121.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 181.6 Billion by 2028, exhibiting a growth rate (CAGR) of 7.00% during 2023-2028.
What is two-wheeler?
Two-wheelers are motor-powered vehicles with two wheels that comprise motorcycles, mopeds, scooters, and gyrocars installed with brakes, engine, tires, clutch and gear, accelerator, exhaust pipe, fuel tank, and head and tail lamp. They increase the savings of the riders by lowering the cost of parking, toll fees, and road taxes. They also offer more mileage and consume a lesser amount of fuel compared to cars. Two-wheelers enable riders to avoid traffic congestion and travel smoothly through narrow lanes and tight alleys. They also allow individuals to commute safely and comfortably by avoiding the crowd experienced while traveling in public transportation, such as buses, local trains, shared autos, and metros. They assist in traveling short distances while occupying minimum space for parking due to their compact shape. As they are easy to maintain due to affordable insurance premiums for safeguarding the rider against expenses arising from accidents, the demand for two-wheelers is rising across the globe.Additionally, governing agencies of various countries are encouraging the use of eco-friendly motorbikes and scooters to lower the levels of air pollution. They are also undertaking initiatives to install electric vehicle (EV) charging stations across various public places, which is supporting the growth of the market.
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.
Request and get a sample brochure for free: https://www.imarcgroup.com/two-wheeler-market/requestsample
What are the major market drivers in the two-wheeler market?
Presently, the increasing demand for two-wheelers due to rising expenses on availing personal vehicles represents one of the primary factors influencing the market positively. Besides this, the growing utilization of motorbikes and scooters by bike and taxi service-providing startups is offering a favorable market outlook. In addition, the rising adoption of two-wheelers by logistics companies around the world to deliver packages quickly is strengthening the growth of the market. Apart from this, the increasing integration of electric-powered motors in motorbikes and scooters to eliminate fuel dependency, reduce the emission of automobile exhausts, and increase efficiency is propelling the growth of the market. As they are easy to maintain due to affordable insurance premiums for safeguarding the rider against expenses arising from accidents, the demand for two-wheelers is rising across the globe.
Moreover, the rising integration of efficient braking and advanced rider assistance systems (ARAS) in two-wheelers to recognize a vehicle approaching in a blind spot or an imminent frontal collision and automatically adjust the speed is contributing to the growth of the market. Furthermore, key players operating in the industry are developing two-wheelers with permanent magnet motors to provide strong acceleration and enhanced torque capabilities. They are also manufacturing helmets integrated with hands-free and Bluetooth options to connect with other riders, answer phone calls, and navigate roads, which is bolstering the growth of the market.
Ask Analyst for Customization and Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/two-wheeler-market
Two-Wheeler Market 2023-2028 Analysis and Segmentation:
The report has segmented the market into the following categories:
Type Insights
Scooters
Mopeds
Motorcycle
Electric Two-Wheeler
Technology Insights
ICE
Electric
Transmission Insights
Manual
Automatic
Engine Capacity Insights
1600cc
Fuel Type Insights
Gasoline
Petrol
Diesel
LPG/CNG
Battery
End-User Insights
Personal
Commercial
Distribution Channel Insights
Offline Channels
Online Channels
By Region:
North America
United States
Canada
Europe
Germany
France
United Kingdom
Italy
Spain
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Latin America
Brazil
Mexico
Middle East and Africa
List of Major Key Players:
Harley Davidson
Hero MotoCorp Ltd.
Honda Motor Co., Ltd.
Suzuki Motor Corporation
Yamaha Motor Co., Ltd.
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
Browse Other Reports by IMARC Group:
Tire Pressure Monitoring System Market: https://www.imarcgroup.com/tire-pressure-monitoring-system-market
Automotive Thermal System Market: https://www.imarcgroup.com/automotive-thermal-system-market
Telehandler Market: https://www.imarcgroup.com/telehandler-market
Automated Fare Collection Market: https://www.imarcgroup.com/automated-fare-collection-market
Commercial Telematics Market: https://www.imarcgroup.com/commercial-telematics-market
Automotive Heat Shield Market: https://www.imarcgroup.com/automotive-heat-shield-market
Contact Us
IMARC Group
30 N Gould St Ste R
Sheridan, WY 82801 USA - Wyoming
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic, and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology, and novel processing methods are at the top of the company's expertise.
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 Two-Wheeler Market Report 2023 | Share, Size, Price, Growth Analysis 2028 here
News-ID: 2880503 • Views: …
More Releases from IMARC Group
Green Tea Bags Manufacturing Plant DPR 2026: Investment Cost, Market Growth & RO …
Setting up a green tea bags manufacturing plant positions investors within one of the steadily expanding and health-oriented segments of the global beverage industry, driven by increasing consumer awareness of wellness, rising preference for natural antioxidants, and growing demand for convenient herbal drink options. Green tea is widely valued for its perceived health benefits, including metabolism support and antioxidant properties, making it popular among health-conscious urban populations.
The shift toward…
Calcium Acetate Prices Q4 2025: USA Reaches USD 1,165/MT While China Trades at U …
North America Calcium Acetate Price Outlook Q4 2025:
United States Calcium Acetate Price Overview:
In Q4 2025, calcium acetate prices in the United States reached USD 1165 per metric ton. The market remained firm due to steady demand from food processing, pharmaceuticals, and wastewater treatment sectors. Stable consumption patterns and moderate production costs supported pricing levels. Supply chain efficiency and consistent raw material availability helped prevent sharp fluctuations during the quarter.
Get the…
Automotive Radiator Manufacturing Plant DPR & Unit Setup - 2026: Demand Analysis …
Setting up an Automotive Radiator manufacturing plant positions investors in one of the most critical and high-demand segments of the global automotive components and thermal management industry, backed by sustained global growth driven by rising vehicle production, increasing regulatory focus on engine efficiency and emission reduction, and the growing adoption of electric and hybrid vehicles requiring advanced cooling solutions. As global automotive production expands across emerging economies, regulatory frameworks continue…
Watch Manufacturing Plant DPR & Unit Setup - 2026: Machinery, CapEx/OpEx, ROI an …
Setting up a watch manufacturing plant positions investors at the convergence of precision engineering, consumer lifestyle, luxury goods, and wearable technology - one of the most dynamic and diversified segments of the global consumer goods industry - driven by rising demand for luxury and premium accessories, increasing adoption of smart and hybrid watches, growing disposable incomes across emerging markets, and expanding e-commerce and organized retail channels enabling access to global…
More Releases for Market:
Sorbitol Market Forecast, Sorbitol Market Analysis, Sorbitol Market Growth, Sorb …
The Sorbitol Market has been fragmented based on the productivity of several companies; therefore, each segment and its sub-segments are analyzed in the research report. Furthermore, the report offers 360 views on historical and upcoming growth based on volume, value, production, and consumption. Moreover, it classifies depend on sub-segments, key segments as per the significant regions and offers an in-depth analysis on the competitive edge of the market. This report…
Esterquats Market, Esterquats Market Size, Esterquats Market Share, Esterquats M …
The "Esterquats Market" is a dynamic and rapidly evolving sector, with significant advancements and growth anticipated by 2031. Comprehensive market research reveals a detailed analysis of market size, share, and trends, providing valuable insights into its expansion.
This report delves into segmentation and definition, offering a clear understanding of market components and drivers. Employing SWOT and PESTEL analyses, the study evaluates the market's strengths, weaknesses, opportunities, and threats, alongside political,…
Syringe and Needle Market Size, Market Share, Market Trends, Market Analysis, Ma …
Market Overview:
The global syringe and needle market is a critical component of the healthcare industry, serving as indispensable tools for administering medications, vaccines, and drawing blood samples. This market is characterized by a diverse range of products catering to various medical needs, including disposable syringes, safety syringes, insulin syringes, hypodermic needles, and more. This article provides an in-depth analysis of the syringe and needle market, focusing on its market overview,…
India Tractor Market, Tractor Industry, Market Revenue, Market Growth Analysis, …
How Is India Tractor Market Positioned?
In India two-third population is engaged in Agriculture. Tractors form an essential part of this sector. They bring the required efficiency and productivity country needs in its agricultural activity to compete on the international level. The Indian tractor Industry has made preponderant improvement in production capacity and in terms of production volumes. The industry has been successful in indigenization of the technology. The volume growth…
India Payment Services Market, Industry, Market Revenue, Market Sales, Market Sh …
Overview of India Payment Service Market
India payment services market, which has traditionally been dominated by cash, witnessed advancement towards digital transactions both in terms of value and volume during the demonetization phase in India. The total market size for the India Payment service market has raised from INR ~ trillion in FY’16 to INR ~ trillion in FY21, during the review period. Regulatory authorities such as the Reserve Bank of…
Global Optical Interconnects Market, Market Size, Market Shares, Market Growth A …
In integrated circuits, optical interconnects majorly refers to a system of transmitting signals from one fragment of an integrated circuit to another part which is using light. Optical interconnects have been in high demand due to the high latency and power consumption incurred by conventional metal interconnects in conveying electrical signals over long distances, such as in interconnects classed as global interconnects.
The International Technology Roadmap for Semiconductors (ITRS) has emphasized…
