India Two-Wheeler Market Valuation to Reach 92.0 Million Units by 2033 - Expanding at a CAGR of 15.64%

Two-Wheeler Market in India 2025:

How Big is the India Two-Wheeler Market?

The Indian two-wheeler market was valued at 24.9 Million Units in 2024 and is projected to grow to USD 92.0 Million Units by 2033, with an expected compound annual growth rate (CAGR) of 15.64% from 2025 to 2033.

Base Year: 2024
Historical Years: 2019-2024
Forecast Years: 2025-2033
Market Size in 2024: 24.9 Million Units
Market Size in 2033: 92.0 Million Units
Market Growth Rate (CAGR) 2025-2033: 15.64%

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India Two-Wheeler Market Trends and Drivers:

The India two-wheeler market is witnessing strong growth fueled by a combination of economic, demographic, and technological forces transforming mobility aspirations in urban and rural areas. Essentially, the increasing desire for affordable personal mobility, particularly in urban areas with high density and rural areas where there are sparse public transportation facilities, is driving the demand for two-wheelers. Growing disposable incomes, increasing middle-class population, and growing working-age population are further fuelling consumer demand for scooters and motorcycles. On top of this, growth in e-commerce and last-mile delivery operations has generated new demand from logistics and fleet operators, further driving two-wheeler sales.

Further, growing realization about fuel efficiency and low maintenance of two-wheelers makes them the first choice among price-conscious consumers. Technical developments, including the launch of BS-VI compliant two-wheelers, improved fuel injection technology, and improved suspension and braking technology, are also making two-wheelers more attractive and trustworthy. Moreover, the increasing penetration of electric two-wheelers, propelled by government subsidies, incentives, and the movement for local battery manufacturing, is diverting the market towards cleaner options. Indeed, supportive policies under programs like FAME II are fueling electric scooter and bike adoption rates, backed by growing charging infrastructure in major city areas.

Additionally, consumer demand is switching towards fashionable, loaded, and internet-enabled vehicles, with players equipping digital instrument clusters, smartphone integration, navigation, and anti-theft capabilities in order to improve the user experience. Alongside this, increasing fuel costs are encouraging consumers to look for affordable commuting modes, thus sparking demand for entry-level and mid-level models. Similarly, rural demand is also gaining momentum with enhanced road infrastructure and growing access to credit for vehicle finance.

Additionally, growing interest in high-performance biking and high-end motorcycles among young consumers is fueling segment diversification and premiumization. Apart from this, Indian two-wheeler exports are picking up steam in African, Latin American, and Southeast Asian countries, adding to the revenue of the industry in a positive way. In all, the intersection of affordability, innovation in technology, encouragement from the government, and shifting consumer behavior is building a solid foundation for long-term growth in India's two-wheeler industry.

Competitive Landscape:

The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant. Few key players are:

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

India Two-Wheeler Market Report and Segmentation:

The report has segmented the market into the following categories:

Breakup by Type:

• Scooters
• Mopeds
• Motorcycle
• Electric Two-Wheeler

Breakup by Technology:

• ICE
• Electric

Breakup by Transmission:

• Manual
• Automatic

Breakup by Engine Capacity:

• Less than 100cc
• 100-125cc
• 126-180cc
• 181-250cc
• 251-500cc
• 501-800cc
• 801-1600cc
• More than 1600cc

Breakup by Fuel Type:

• Gasoline
• Petrol
• Diesel
• LPG/CNG
• Battery

Breakup by End User:

• Personal
• Commercial

Breakup by Distribution Channel:

• Offline Channels
• Online Channels

Breakup by Region:

• North India
• West and Central India
• East India
• South India

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Key highlights of the Report:

• Market Performance (2019-2024)
• Market Outlook (2025-2033)
• COVID-19 Impact on the Market
• Porter's Five Forces Analysis
• Strategic Recommendations
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

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

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This release was published on openPR.