Latin America Two-Wheeler Market Growth Rate (CAGR) of 14.2% | Industry Insights and Report 2023-2028

IMARC Group, a leading market research company, has recently released a report titled "𝐋𝐚𝐭𝐢𝐧 𝐀𝐦𝐞𝐫𝐢𝐜𝐚 𝐓𝐰𝐨-𝐖𝐡𝐞𝐞𝐥𝐞𝐫 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐓𝐫𝐞𝐧𝐝𝐬, 𝐒𝐡𝐚𝐫𝐞, 𝐒𝐢𝐳𝐞, 𝐆𝐫𝐨𝐰𝐭𝐡, 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐲 𝐚𝐧𝐝 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝟐𝟎𝟐𝟑-𝟐𝟎𝟐𝟖." The study provides a detailed analysis of the industry, including the Latin America two-wheeler market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

How Big is the Latin America Two-Wheeler Market?

The Latin America two-wheeler market size reached 10.6 Million Units in 2022. Looking forward, IMARC Group expects the market to reach 23.7 million Units by 2028, exhibiting a growth rate (CAGR) of 14.2% during 2023-2028.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐅𝐨𝐫 𝐚 𝐅𝐫𝐞𝐞 𝐏𝐃𝐅 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.imarcgroup.com/latin-america-two-wheeler-market/requestsample

What is Two-Wheeler?

Two-wheelers include scooters, motorcycles, and mopeds. They vary from one another based on different criteria, including long-distance travel, commuting, cruising, and sports, such as racing and off-road riding. Two-wheelers aid in easy manoeuvring through congested roads, lower carbon emissions, offer higher fuel efficiency, and are an economical mode of transportation compared to three or four-wheeled vehicles. As a result, they are gaining prominence as a versatile mode of transportation across the region.

What are the Growth Prospects and Trends in the Latin America Two-Wheeler Industry?

The growing prevalence of personal vehicle ownership, especially among the millennial population, is among the key factors stimulating the Latin America two-wheeler market. Moreover, the increasing number of female commuters and the launch of specialized vehicles that cater to the preferences of the women population by regional manufacturers are acting as significant growth-inducing factors. Besides this, the rising awareness among consumers regarding safety and security while driving and the growing number of road accidents are positively influencing the market growth. Furthermore, the inflating investments in improving the road infrastructure and promoting the adoption of electric and hybrid two-wheelers by government bodies are also propelling the regional market. Apart from this, the increasing advancement in technology and design has led to the introduction of vehicles that cover short distances and are fuel effective, which is further fuelling the market growth. Additionally, the rising urbanization levels, improving living standards, and the inflating disposable income levels are also driving the regional market. In addition to this, the expanding travel and tourism sector has led to the emergence of bike rental services, which is anticipated to fuel the Latin America two-wheeler market over the forecasted period.

𝐁𝐮𝐲 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰: https://www.imarcgroup.com/checkout?id=3315&method=1

Note: In this report you will get detailed analysis of the market, growth analysis graphs, historical period analysis, forecast period analysis, major market segmentation, top leading key players of the market, table of content, list of figures, and list of tables.

Who are the Key Players Operating in the Latin America Two-Wheeler Market?

The competitive landscape of the industry has also been examined with some of the key players.

• Bajaj Auto Limited (Bajaj Group)
• Dafra Motos (Itavema S/A)
• Honda de México S.A. de C.V. (The Honda Motor Company Ltd.)
• Kawasaki Motors Manufacturing Corp. U.S.A. (Kawasaki Heavy Industries, Ltd.)
• Lifan Industry (Group) Co. Ltd
• Motomel S.A.
• Motor Uno S A S
• Shineray Do Brasil SA
• Suzuki Motor Corporation
• TVS Motor México (TVS Motor Company Limited)
• Wanxin Group International
• Yamaha Motor de México SA de CV (Yamaha Motor Co. Ltd.)
• Zanella Hnos & Cia SACIFI.
• Zongshen Automobile Industry Manufacturing Co. Ltd. (Zongshen Industry Group Co. Ltd.)

What is Included in Market Segmentation?

The report has categorized the market based on vehicle type, fuel type, engine capacity and technology.

Breakup by Vehicle Type:
• Motorcycle
• Scooter
• Moped

Analysed by Fuel Type:
• Gasoline
• Electric

Based on Engine Capacity:
• Less than 100cc
• 100-125cc
• 126-250cc
• 250-500cc
• More than 500cc

On Basis of Technology:
• Manual
• Automatic

Countries Covered:
• Brazil
• Mexico
• Colombia
• Argentina
• Peru
• Ecuador
• Chile
• Others

𝐀𝐬𝐤 𝐀𝐧𝐚𝐥𝐲𝐬𝐭 𝐟𝐨𝐫 𝟏𝟎% 𝐅𝐫𝐞𝐞 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐚𝐧𝐝 𝐋𝐢𝐬𝐭 𝐨𝐟 𝐅𝐢𝐠𝐮𝐫𝐞𝐬: https://www.imarcgroup.com/request?type=report&id=3315&flag=C

Key Highlights of the Report:
• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

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.

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This release was published on openPR.