India Two Wheeler Market Expected to Reach 48.1 Million Units by 2028 | Industry CAGR of 17.80%

According to the latest report by IMARC Group "India Two Wheeler Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," The India two-wheeler market size reached a volume of 18 Million Units in 2022. Looking forward, IMARC Group expects the market to reach a volume of 48.1 Million Units by 2028, exhibiting a growth rate (CAGR) of 17.80% during 2023-2028. This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.

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.

Request for a free sample copy of this report: https://www.imarcgroup.com/india-two-wheeler-market/requestsample

India Two Wheeler Market Trends:

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.

The report has segmented the market on the basis of Breakup by Vehicle Type, Breakup by Engine Capacity and Breakup by Region.

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

Competitive Landscape:

Bajaj Auto Ltd.
Hero MotoCorp Ltd.
Honda Motorcycle & Scooter India Pvt. Ltd.
Maruti Suzuki India Limited
TVS Motor Company

Ask Analyst for Customization and Browse full report with TOC & List of Figure: https://www.imarcgroup.com/india-two-wheeler-market

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

Related Report by IMARC Group:

Hybrid Electric Vehicle Market: https://www.imarcgroup.com/hybrid-electric-vehicle-market

Autonomous Bus Door System Market: https://www.imarcgroup.com/autonomous-bus-door-system-market

Rear Spoiler Market: https://www.imarcgroup.com/rear-spoiler-market

Automotive Infotainment Market:    https://www.imarcgroup.com/automotive-infotainment-market

Agricultural Tires Market: https://www.imarcgroup.com/agricultural-tires-market

Automotive Wiring Harness Market: https://www.imarcgroup.com/automotive-wiring-harness-market

Electric Two-wheeler Market: https://www.imarcgroup.com/electric-two-wheeler-market

Autonomous Vehicle Market: https://www.imarcgroup.com/autonomous-vehicle-market

IMARC Group

Email: sales@imarcgroup.com

USA: +1-631-791-1145 | Asia: +91-120-433-0800

Address: 134 N 4th St. Brooklyn, NY 11249, USA

Website: https://www.imarcgroup.com/

Follow us on Twitter: @imarcglobal

Linkedin: https://www.linkedin.com/company/imarc-group

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.