openPR Logo
Press release

Latin America Two-Wheeler Market is Booming and Predicted to Hit 23.7 Million Units by 2028

02-14-2024 07:35 AM CET | Logistics & Transport

Press release from: IMARC Group

Latin America Two-Wheeler Market Report

Latin America Two-Wheeler Market Report

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

Factors Affecting the Growth of the Latin America Two-Wheeler Industry:

• Economic Development and Urbanization:

The economic progress in various countries in Latin America plays a crucial role in shaping the two-wheeler market. With rising income levels and the subsequent increase in purchasing power, more individuals are able to afford two-wheelers as a convenient mode of transport. Additionally, rapid urbanization has led to increased traffic congestion and a need for more agile and compact vehicles, making two-wheelers a preferred choice for many urban commuters. However, economic volatility in some Latin American countries can lead to fluctuations in two-wheeler sales, reflecting the market's sensitivity to economic conditions.

• Government Policies and Regulations:

Government regulations and policies significantly impact the two-wheeler market in Latin America. Moreover, policies promoting the use of environmentally friendly vehicles have led to an increased interest in electric two-wheelers. In addition to this, incentives such as tax exemptions or subsidies for electric vehicles are becoming more common, encouraging manufacturers to invest in electric two-wheeler technology. On the other hand, stringent emission norms and safety regulations can increase the cost of production, potentially affecting the affordability of two-wheelers for the end consumer.

• Cultural Factors and Consumer Preferences:

The cultural context and consumer preferences in Latin America also shape the two-wheeler market. In many parts of this region, two-wheelers are not just seen as a means of transportation but also as a symbol of freedom and style, influencing consumer choices. Moreover, younger populations tend to prefer stylish, high-performance bikes, while older demographics might prioritize comfort and fuel efficiency. Moreover, the growing focus on health and fitness has spurred interest in bicycles, which may impact the motorized two-wheeler segment.

Leading Companies Operating in the Latin America Two-Wheeler Industry:

• 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.)

Key Market Segmentation:

The report is organized into distinct sections as follows:

Breakup by Vehicle Type:

• Motorcycle
• Scooter
• Moped

By vehicle type, the market is segmented into motorcycle, scooter, and moped.

Breakup by Fuel Type:

• Gasoline
• Electric

By fuel type, the market is bifurcated into gasoline, and electric.

Breakup by Engine Capacity:

• Less than 100cc
• 100-125cc
• 126-250cc
• 250-500cc
• More than 500cc

By engine capacity, the market is categorized into less than 100cc, 100-125cc, 126-250cc, 250-500cc, and more than 500cc.

Breakup by Technology:

• Manual
• Automatic

By technology, the market is classified into manual, and automatic.

Countries Covered:

• Brazil
• Mexico
• Colombia
• Argentina
• Peru
• Ecuador
• Chile
• Others

Country wise, the market is divided into Brazil, Mexico, Colombia, Argentina, Peru, Ecuador, Chile, and others.

Latin America Two-Wheeler Market Trends:

The urbanization in the region has led to increased demand for efficient and cost-effective transportation solutions, making two-wheelers an attractive choice. In addition to this, rising disposable incomes in many Latin American countries have made motorcycles and scooters more affordable for a larger segment of the population.

Additionally, concerns about traffic congestion and environmental issues have driven interest in two-wheelers as a means of reducing both. Moreover, government policies that promote the use of two-wheelers for commuting and delivery services have further boosted market growth.

Ask Analyst for Customization and Explore Full Report with TOC & List of Figures: https://www.imarcgroup.com/request?type=report&id=3315&flag=C

Other Key Points Covered in the Report:

• COVID-19 Impact
• Porters Five Forces Analysis
• Value Chain Analysis
• Strategic Recommendations

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.

Contact US:

IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145 | United Kingdom: +44-753-713-2163

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 Latin America Two-Wheeler Market is Booming and Predicted to Hit 23.7 Million Units by 2028 here

News-ID: 3383748 • Views:

More Releases from IMARC Group

GCC Pet Food Market Size is Expected to Reach USD 422.9 Million By 2033 | CAGR: 5.3%
GCC Pet Food Market Size is Expected to Reach USD 422.9 Million By 2033 | CAGR: …
GCC Pet Food Market Overview Market Size in 2024: USD 266.2 Million Market Size in 2033: USD 422.9 Million Market Growth Rate 2025-2033: 5.3% According to IMARC Group's latest research publication, "GCC Pet Food Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2025-2033", the GCC pet food market size was valued at USD 266.2 Million in 2024. Looking forward, IMARC Group estimates the market to reach USD 422.9 Million by 2033, exhibiting a
GCC Residential Real Estate Market Size to Worth USD 147.77 Billion by 2033 | With a 7.50% CAGR
GCC Residential Real Estate Market Size to Worth USD 147.77 Billion by 2033 | Wi …
GCC Residential Real Estate Market Overview Market Size in 2024: USD 73.31 Billion Market Size in 2033: USD 147.77 Billion Market Growth Rate 2025-2033: 7.50% According to IMARC Group's latest research publication, "GCC Residential Real Estate Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2025-2033", the GCC residential real estate market size was valued at USD 73.31 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 147.77 Billion by
GCC Drones Market Size to Surpass USD 2,005.3 Million by 2033 | With a 13.3% CAGR
GCC Drones Market Size to Surpass USD 2,005.3 Million by 2033 | With a 13.3% CAG …
GCC Drones Market Overview Market Size in 2024: USD 588.2 Million Market Size in 2033: USD 2,005.3 Million Market Growth Rate 2025-2033: 13.3% According to IMARC Group's latest research publication, "GCC Drones Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2025-2033", The GCC drones market size was valued at USD 588.2 Million in 2024. Looking forward, IMARC Group estimates the market to reach USD 2,005.3 Million by 2033, exhibiting a growth rate of
Medical Imaging Market to Surpass USD 70.8 Billion by 2033, at a CAGR of 5.03%
Medical Imaging Market to Surpass USD 70.8 Billion by 2033, at a CAGR of 5.03%
Market Overview: The medical imaging market is experiencing rapid growth, driven by Growing Burden of Chronic and Age-Related Diseases, Expansion of Government-Funded Health Infrastructure and Technological Advancements in Imaging Modalities. According to IMARC Group's latest research publication, "Medical Imaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2025-2033", The global medical imaging market size reached USD 44.5 Billion in 2024. Looking forward, IMARC Group expects the market to reach

All 5 Releases


More Releases for Latin

Latin America Smart Packaging Market
The research report "Latin America Smart Packaging Market: By Technology Type ((Modified Atmosphere Packaging (MAP), Active Packaging, Intelligent Packaging (IP)), End User Type (Food & Beverages, Personal Care, Healthcare, Automotive), and Geography- Global/Region/Country Forecast to 2028. Latin America smart packaging market is anticipated to grow at a CAGR rate of x% during the forthcoming years 2022-2028. View the detailed report description here - https://precisionbusinessinsights.com/market-reports/latin-america-smart-packaging-market/ Changes in lifestyle patterns foster the
Latin America Energy Drinks Market
El nuevo estudio de Informes de Expertos titulado 'Mercado Latinoamericano de Bebidas Energizantes, Informe y Pronostico 2022-2027′, presenta una evaluacion exhaustiva del mercado, analizandolo segun el tipo de producto, canal de distribucion y las regiones importantes. La investigacion rastrea las tendencias mas recientes en el mercado y examina sus efectos sobre los principales factores de exito y restricciones. Ademas, evalua la dinamica del mercado y realiza analisis FODA y Cinco
Latin America Electroceuticals Market
Latin America registers the significant growth of the electroceutical market during the forecast period especially in the countries including Brazil, Mexico among others, attributing to various driving factors. The growing prevalence of ischemic heart disease, age-related and other hearing loss, and epilepsy is creating demand for electroceuticals, thereby, anticipated to drive the growth of electroceuticals market in Latin America. As per the Institute for Health Metrics and Evaluation, in
A Game Changer for Latin America? Shale Experts Analyse the Future of Unconventi …
Shale experts recently gathered in Buenos Aires to examine the potential impact of shale oil and gas resources in the Latin America region and globally. The CWC Summit was hosted in partnership with YPF and Y-TEC, and delegations in attendance included Chevron, Shell, Total, Schlumberger, Emerson and Halliburton, amongst others. The welcoming address was delivered by Gonzalo Lopez Nardone, head of institutional relations for YPF and the opening address was given
Successful launch for DISTREE Latin America
SAO PAULO, PARIS, LONDON, DUBAI, and MOSCOW – The inaugural DISTREE Latin America took place earlier this month at the Sofitel Jequitimar Hotel in Sao Paulo State, Brazil. More than 300 delegates attended DISTREE Latin America 2011, including representatives from approximately 50 vendors looking to launch, build or manage channels within the region. “It is always an exciting moment to launch a new DISTREE event in a dynamic market such
Latin America Oil & Gas Potential
Produced by The CWC Group, Latin American Oil and Gas Conference takes place on 25 – 27 October 2011, Mandarin Oriental Hotel, Miami, U.S.A. Organisers confirmed that the strategic conference will feature advanced insights from important organisations in the region alongside NOC’s showcases from Brazil, Mexico, Colombia, Trinidad & Tobago, Venezuela, Uruguay and Bolivia. Content centres on the development of the Latin America’s resources, the impact of shale