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Two-Wheeler | Market Share in India 2024-2032 | Forecast Research Report

12-29-2023 07:02 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: IMARC Group

Two-Wheeler | Market Share in India 2024-2032 | Forecast

The latest report by IMARC Group, titled "๐ˆ๐ง๐๐ข๐š ๐“๐ฐ๐จ-๐–๐ก๐ž๐ž๐ฅ๐ž๐ซ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐›๐ฒ ๐“๐ฒ๐ฉ๐ž (๐’๐œ๐จ๐จ๐ญ๐ž๐ซ๐ฌ, ๐Œ๐จ๐ฉ๐ž๐๐ฌ, ๐Œ๐จ๐ญ๐จ๐ซ๐œ๐ฒ๐œ๐ฅ๐ž, ๐„๐ฅ๐ž๐œ๐ญ๐ซ๐ข๐œ ๐“๐ฐ๐จ-๐–๐ก๐ž๐ž๐ฅ๐ž๐ซ), ๐“๐ž๐œ๐ก๐ง๐จ๐ฅ๐จ๐ ๐ฒ (๐ˆ๐‚๐„, ๐„๐ฅ๐ž๐œ๐ญ๐ซ๐ข๐œ), ๐“๐ซ๐š๐ง๐ฌ๐ฆ๐ข๐ฌ๐ฌ๐ข๐จ๐ง (๐Œ๐š๐ง๐ฎ๐š๐ฅ, ๐€๐ฎ๐ญ๐จ๐ฆ๐š๐ญ๐ข๐œ), ๐„๐ง๐ ๐ข๐ง๐ž ๐‚๐š๐ฉ๐š๐œ๐ข๐ญ๐ฒ (๐Ÿ๐Ÿ”๐ŸŽ๐ŸŽ๐œ๐œ), ๐…๐ฎ๐ž๐ฅ ๐“๐ฒ๐ฉ๐ž (๐†๐š๐ฌ๐จ๐ฅ๐ข๐ง๐ž, ๐๐ž๐ญ๐ซ๐จ๐ฅ, ๐ƒ๐ข๐ž๐ฌ๐ž๐ฅ, ๐‹๐๐†/๐‚๐๐†, ๐๐š๐ญ๐ญ๐ž๐ซ๐ฒ), ๐„๐ง๐-๐”๐ฌ๐ž๐ซ (๐๐ž๐ซ๐ฌ๐จ๐ง๐š๐ฅ, ๐‚๐จ๐ฆ๐ฆ๐ž๐ซ๐œ๐ข๐š๐ฅ), ๐ƒ๐ข๐ฌ๐ญ๐ซ๐ข๐›๐ฎ๐ญ๐ข๐จ๐ง ๐‚๐ก๐š๐ง๐ง๐ž๐ฅ (๐Ž๐Ÿ๐Ÿ๐ฅ๐ข๐ง๐ž ๐‚๐ก๐š๐ง๐ง๐ž๐ฅ๐ฌ, ๐Ž๐ง๐ฅ๐ข๐ง๐ž ๐‚๐ก๐š๐ง๐ง๐ž๐ฅ๐ฌ) ๐š๐ง๐, ๐‘๐ž๐ ๐ข๐จ๐ง ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ’-๐Ÿ๐ŸŽ๐Ÿ‘๐Ÿ", The India two-wheeler market size reached 21.4 Million Units in 2023. Looking forward, IMARC Group expects the market to reach 86.4 Million Units by 2032, exhibiting a growth rate (CAGR) of 16.29% during 2024-2032.

A two-wheeler, often referred to as a motorcycle or motorbike, is a motorized vehicle characterized by its two wheels arranged in a tandem configuration. These vehicles are designed primarily for individual transportation and are powered by either internal combustion engines or electric motors. Two-wheelers encompass a diverse range of styles and sizes, catering to various preferences and purposes. Motorcycles, the most common type of two-wheelers, come in different categories like sport, cruiser, touring, and commuter bikes, serving both recreational and everyday commuting needs. Scooters, known for their compact design and automatic transmissions, are popular for urban transportation. Mopeds, with their small engines and pedal-assist feature, offer fuel efficiency for short trips. Electric bikes, or e-bikes, have gained popularity as eco-friendly alternatives with electric motor assistance. Two-wheelers provide an efficient and agile mode of transportation due to their mobility, fuel economy, and versatility. As a result, two-wheelers find extensive applications for personal mobility and urban commuting across India.

๐…๐จ๐ซ ๐š๐ง ๐ข๐ง-๐๐ž๐ฉ๐ญ๐ก ๐š๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ, ๐ฒ๐จ๐ฎ ๐œ๐š๐ง ๐ซ๐ž๐Ÿ๐ž๐ซ ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž ๐œ๐จ๐ฉ๐ฒ ๐จ๐Ÿ ๐ญ๐ก๐ž ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ:https://www.imarcgroup.com/india-two-wheeler-market/requestsample

๐ˆ๐ง๐๐ข๐š ๐“๐ฐ๐จ-๐–๐ก๐ž๐ž๐ฅ๐ž๐ซ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐“๐ซ๐ž๐ง๐๐ฌ ๐š๐ง๐ ๐ƒ๐ซ๐ข๐ฏ๐ž๐ซ๐ฌ:
The India two-wheeler market is primarily driven by the rising demand for affordable and convenient personal transportation options owing to the country's large and growing population and increasing urbanization, making two-wheelers an attractive choice for millions of commuters. Apart from this, the rapid expansion of the middle-class segment and inflating disposable incomes that drive consumer aspirations and purchasing power have escalated the sales of motorcycles and scooters, thereby fostering market growth. Moreover, the introduction of electric two-wheelers due to the government's focus on promoting electric mobility has catalyzed market growth. Besides this, changing consumer preferences, including a shift toward fuel-efficient and eco-friendly vehicles, has accelerated the adoption of two-wheeler offerings. Additionally, the ease of financing options, improved road infrastructure, and the heightened need for last-mile connectivity in both urban and rural areas are other major growth-inducing factors. Furthermore, ongoing technological advancements, including the introduction of connected features and improved safety features that attract tech-savvy consumers, are contributing to market growth.

๐„๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐…๐ฎ๐ฅ๐ฅ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐ฐ๐ข๐ญ๐ก ๐“๐š๐›๐ฅ๐ž ๐จ๐Ÿ ๐œ๐จ๐ง๐ญ๐ž๐ง๐ญ: https://www.imarcgroup.com/india-two-wheeler-market

๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง:
๐“๐ก๐ž ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ ๐ก๐š๐ฌ ๐ฌ๐ž๐ ๐ฆ๐ž๐ง๐ญ๐ž๐ ๐ญ๐ก๐ž ๐ฆ๐š๐ซ๐ค๐ž๐ญ ๐ข๐ง๐ญ๐จ ๐ญ๐ก๐ž ๐Ÿ๐จ๐ฅ๐ฅ๐จ๐ฐ๐ข๐ง๐  ๐œ๐š๐ญ๐ž๐ ๐จ๐ซ๐ข๐ž๐ฌ:

๐๐ซ๐ž๐š๐ค๐ฎ๐ฉ ๐›๐ฒ ๐“๐ฒ๐ฉ๐ž:
โ€ข Scooters
โ€ข Mopeds
โ€ข Motorcycle
โ€ข Electric Two-Wheeler

๐๐ซ๐ž๐š๐ค๐ฎ๐ฉ ๐›๐ฒ ๐“๐ž๐œ๐ก๐ง๐จ๐ฅ๐จ๐ ๐ฒ:
โ€ข ICE
โ€ข Electric

๐๐ซ๐ž๐š๐ค๐ฎ๐ฉ ๐›๐ฒ ๐“๐ซ๐š๐ง๐ฌ๐ฆ๐ข๐ฌ๐ฌ๐ข๐จ๐ง:
โ€ข Manual
โ€ข Automatic

๐๐ซ๐ž๐š๐ค๐ฎ๐ฉ ๐›๐ฒ ๐„๐ง๐ ๐ข๐ง๐ž ๐‚๐š๐ฉ๐š๐œ๐ข๐ญ๐ฒ:
โ€ข 1600cc

๐๐ซ๐ž๐š๐ค๐ฎ๐ฉ ๐›๐ฒ ๐…๐ฎ๐ž๐ฅ ๐“๐ฒ๐ฉ๐ž:
โ€ข Gasoline
โ€ข Petrol
โ€ข Diesel
โ€ข LPG/CNG
โ€ข Battery

๐๐ซ๐ž๐š๐ค๐ฎ๐ฉ ๐›๐ฒ ๐„๐ง๐ ๐”๐ฌ๐ž๐ซ:
โ€ข Personal
โ€ข Commercial

๐๐ซ๐ž๐š๐ค๐ฎ๐ฉ ๐›๐ฒ ๐ƒ๐ข๐ฌ๐ญ๐ซ๐ข๐›๐ฎ๐ญ๐ข๐จ๐ง ๐‚๐ก๐š๐ง๐ง๐ž๐ฅ:
โ€ข Offline Channels
โ€ข Online Channels

๐Œ๐š๐ซ๐ค๐ž๐ญ ๐๐ซ๐ž๐š๐ค๐ฎ๐ฉ ๐›๐ฒ ๐‘๐ž๐ ๐ข๐จ๐ง:
โ€ข North India
โ€ข West and Central India
โ€ข East India
โ€ข South India

๐‚๐จ๐ฆ๐ฉ๐ž๐ญ๐ข๐ญ๐ข๐ฏ๐ž ๐‹๐š๐ง๐๐ฌ๐œ๐š๐ฉ๐ž ๐ฐ๐ข๐ญ๐ก ๐Š๐ž๐ฒ ๐๐ฅ๐š๐ฒ๐ž๐ซ:
โ€ข Bajaj Auto Ltd.
โ€ข Hero MotoCorp Ltd.
โ€ข Honda Motorcycle & Scooter India Pvt. Ltd.
โ€ข Maruti Suzuki India Limited
โ€ข TVS Motor Company

๐๐จ๐ญ๐ž: 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.

๐๐ซ๐จ๐ฐ๐ฌ๐ž ๐Ž๐ญ๐ก๐ž๐ซ ๐‘๐ž๐ฅ๐š๐ญ๐ž๐ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ:
โ€ข https://www.imarcgroup.com/united-states-online-advertising-market
โ€ข https://www.imarcgroup.com/united-states-neurovascular-devices-market
โ€ข https://www.imarcgroup.com/united-states-multiexperience-development-platforms-market
โ€ข https://www.imarcgroup.com/united-states-methanol-market
โ€ข https://www.imarcgroup.com/united-states-luxury-car-market
โ€ข https://www.imarcgroup.com/united-states-iot-security-market

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ ๐”๐’
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
Follow us on Twitter: @imarcglobal

๐€๐›๐จ๐ฎ๐ญ ๐”๐ฌ
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.

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