India Two-Wheeler Market 2025: Industry to Reach 92 Million Units by 2033, Growing at a CAGR of 15.64%

Attributes and Key Statistics of the India Two-Wheeler Market Report by IMARC Group:

Base Year: 2024

Forecast Years: 2025-2033

Historical Years: 2019-2024

Units: Million Units

Market Size in 2024: 24.9 Million Units

Market Forecast in 2033: 92.0 Million Units

Market Compound Annual Growth Rate 2025-2033: 15.64%

As indicated in the latest market research report published by IMARC Group, titled "India Two-Wheeler Market by Type (Scooters, Mopeds, Motorcycle, Electric Two-Wheeler), Technology (ICE, Electric), Transmission (Manual, Automatic), Engine Capacity (1600cc), Fuel Type (Gasoline, Petrol, Diesel, LPG/CNG, Battery), End-User (Personal, Commercial), Distribution Channel (Offline Channels, Online Channels), and Region 2025-2033," this report provides an in-depth analysis of the industry, featuring insights into the market. It encompasses competitor and regional analyses, as well as recent advancements in the market.

India Two-Wheeler Market Size & Future Growth Potential:

The India two-wheeler market size was valued 24.9 Million Units in 2024. By 2033, this figure is projected to reach around 92.0 Million Units, with a compound annual growth rate (CAGR) of 15.64% over the forecast period (2025-2033).

Core Factors Driving Market Trends:

The onset of change in India's two-wheeler industry has a lot to do with the changing preferences of consumers and technological advancements. Electric Vehicles (EVs) have been gaining momentum, and manufacturers have responded with the unveiling of affordable and efficient product options. Consumers are also opting for durable, fuel-efficient products due to rising shared mobility and last-mile EV services. Connectivity features like smart navigation and anti-theft options are becoming essential in many models. While urban environments tend to favour stylish, compact, and lightweight models, rural environments consistently demand durable, rugged models with fuel efficiency.

Additional factors like government subsidies for cleaner transportation, specifically those programs for EV options including the FAME II subsidy program, have also contributed to the number of electric two-wheeler options on the market. The two-wheeler industry in India is growing in its share for premium segment sales as consumers, especially younger ones, are purchasing brands and models offering performance-oriented bikes. In addition, payment plans allowing for flexible financing, as well as easy EMI schemes, is making it easier for a larger segment of the public to purchase two-wheeled vehicles. Overall, the trends established will reflect the market's resilience in relevancy and innovation going forward.

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India Two-Wheeler Market Scope and Growth Analysis:

The two-wheeler market in India has vast potential for growth buoyed by increases in urbanisation, increases in disposable income and the need for affordable personal mobility. The improving socio-economic conditions in India have produced a very large youth population, middle class and people's need or want for a two-wheeler continues to be robust throughout both urban and rural areas. This tailwind is also supported by a developed EV infrastructure including charging stations and battery-swap network income possibilities. Further, investment in R&D continues from manufacturers with the construction and design of budget-friendly cost-effective models with excellent performance capabilities to satisfy varied consumer requirements. The developing rural market has huge scope for growth opportunities and is amplified by improved road connectivity and the client's availability of transportation options.

Furthermore, the aftermarket market segment e.g. accessories and service fees, has grown - credibility through word of mouth, which has also improved the potential to sell accessories and servicing too. The scope of the market has therefore improve stakeholder's eventual costs and extended the high and low range brands supported by an array of enjoyable and ready to use two-wheelers all year round. Moreover, the smart mobility access of automakers with technology providers partnering to develop innovation has provided stakeholders with insights and smart technologies that have not been considered before. The market is resilient to economic turndowns thus emphasizing importance of the two-wheeler market to the transport ecosystem and the Indian industry's intrinsic reliance on the two-wheeler market to provide beer, food and essentials as equally important to India as food banks and grocery stores are all over the world. Given the investments made in developing industrial and delivery infrastructures that are eventually based on delivering products to consumers will outpace other transportation modes. The two-wheeler market has enough support and investment, will prevail in top trends - cyclical, policy support, regulations and advanced innovation trends. Overall, there is only an upward future trajectory on the Indian two-wheeler market.

An In-Depth Analysis of Prominent Companies in the Industry by IMARC Group:

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

Comprehensive Market Report Highlights & Segmentation Analysis:

Breakup by Type:

• Scooters
• Mopeds
• Motorcycle
• Electric Two-Wheeler

Motorcycles hold the largest portion of the market share, dominating sales and consumer preference across various regions and segments within the industry.

Breakup by Technology:

• ICE
• Electric

ICE currently holds the largest market share in India's two-wheeler segment, dominating the industry with a strong presence and widespread consumer preference.

Breakup by Transmission:

• Manual
• Automatic

The manual segment currently holds the dominant position in the market, emerging as the leading category in terms of both revenue generation and consumer preference.
Breakup by Engine Capacity:

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

The 100-125cc segment demonstrates a strong and consistent dominance in the market, clearly outperforming other categories in terms of demand, sales, and consumer preference.

Breakup by Fuel Type:

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

Petrol currently represents the largest segment in the market, holding a dominant share due to its widespread availability, consumer preference, and established fueling infrastructure.

Breakup by End User:

• Personal
• Commercial

The personal segment stands out as the dominant force in the market, accounting for the largest share and demonstrating significant consumer preference and consistent demand growth.

Breakup by Distribution Channel:

• Offline Channels
• Online Channels

Offline channels currently dominate the market landscape, holding the largest segment share due to their widespread accessibility, established presence, and strong consumer trust across various regions.

Breakup by Region:

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

West and Central India demonstrate a strong and unmistakable dominance in the market, significantly outperforming other regions in terms of growth, influence, and market share.

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Key highlights of the Report:

• Historical Market Performance
• Future Market Projections
• Impact of COVID-19 on Market Dynamics
• Industry Competitive Analysis (Porter's Five Forces)
• Market Dynamics and Growth Drivers
• SWOT Analysis (Strengths, Weaknesses, Opportunities, Threats)
• Market Ecosystem and Value Creation Framework
• Competitive Positioning and Benchmarking Strategies

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