Press release
Latin America Two-Wheeler Market Size to Hit 39.6 Million Units by 2033 | With a 11.94% CAGR
Latin America Two-Wheeler Market Report 2033
Market Statistics
Base Year: 2024
Historical Years: 2019-2024
Forecast Years: 2025-2033
Market Size in 2024: 13.6 Million Units
Market Forecast in 2033: 39.6 Million Units
Market Growth Rate: 11.94% (2025-2033)
According to the latest report by IMARC Group, The Latin America two-wheeler market size reached 13.6 Million Units in 2024. Looking forward, IMARC Group expects the market to reach 39.6 Million Units by 2033, exhibiting a growth rate (CAGR) of 11.94% during 2025-2033.
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Latin America Two-Wheeler Market Trends and Drivers
Besides this, improvements in two-wheeler technology, including the introduction of electric and hybrid models, are making these vehicles more appealing by offering environmentally friendly options and lower operating costs. Additionally, the shifting preferences from IC engines to electric and hybrid two-wheelers, on account of the rising environmental concerns, are offering significant growth opportunities to the overall market. Moreover, the escalating number of government initiatives for promoting the production and adoption of electric and hybrid two-wheelers is also contributing to the market growth. Besides this, the emerging popularity of motorcycle and scooter-sharing programs is further indicating the growing importance of two-wheelers in the region's mobility ecosystem. Furthermore, the increasing number of automotive financers offering easy financing options to purchase two-wheelers is anticipated to drive the growth of the Latin America two-wheeler market in the coming years.
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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.
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.).
Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Vehicle Type:
Motorcycle
Scooter
Moped
Breakup by Fuel Type:
Gasoline
Electric
Breakup by Engine Capacity:
Less Than 100cc
100-125cc
126-250cc
250-500cc
More Than 500cc
Breakup by Technology:
Manual
Automatic
Breakup by Country:
Brazil
Mexico
Colombia
Argentina
Peru
Ecuador
Chile
Others
Note: 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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About Us
IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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IMARC Group
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Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145
About Us
IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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