Two-Wheeler Market Size to Reach USD 177.42 Billion by 2031, Two-Wheeler Market Growth Supported by Electrification, Urban Mobility Shift, and Fleet Expansion - Mordor Intelligence

Mordor Intelligence has published a new report on the two-wheeler market, offering a comprehensive analysis of trends, growth drivers, and future projections.
Two-Wheeler Market Overview and Industry Outlook

According to Mordor Intelligence, the global two-wheeler market size [https://www.mordorintelligence.com/industry-reports/global-two-wheeler-market?utm_source=abnewswire] is projected to grow from USD 120.71 billion in 2025 to USD 128.71 billion in 2026 and is forecast to reach USD 177.42 billion by 2031, registering a CAGR of 6.63% during the forecast period. This two-wheeler market forecast reflects steady demand across both developed and emerging economies as urban congestion, rising fuel costs, and expanding delivery networks influence buying decisions.

The two-wheeler industry continues to play a central role in personal mobility, especially in Asia Pacific, where cost-effective manufacturing and strong domestic demand support overall two-wheeler market growth. At the same time, Europe is witnessing stricter emission norms, encouraging a gradual shift toward battery electric variants. The two-wheeler market share remains widely distributed, with no single brand dominating across all regions, which keeps competition active and product refresh cycles frequent.

Key Two-Wheeler Market Trends Shaping the Industry

Electrification Expanding Across Urban Markets: Battery electric models are gaining traction within the two-wheeler market as falling battery costs and improved thermal stability enhance buyer confidence. Sodium-ion and lithium iron phosphate chemistries are gradually narrowing the price gap between electric and gasoline variants. This shift is contributing to long-term two-wheeler market growth, especially in cities where charging and battery swap networks are expanding.

Growth of Delivery and Fleet Operations: The expansion of food delivery, parcel logistics, and ride-hailing services is a key driver of two-wheeler market trends. Fleet operators prefer electric two-wheelers to reduce operating expenses and comply with zero-emission zones in major cities. Business-to-business demand is therefore increasing its two-wheeler market share within the overall industry landscape.

Shift Toward Mid-Premium Engine Segments: Consumers are gradually moving from entry-level models toward mid-displacement motorcycles and higher-powered scooters. The 125-150 cc category and electric equivalents in the 3-5 kW range are gaining traction as riders seek better performance without moving into high-cost premium categories.

Check out more details and stay updated with the latest industry trends, including the Japanese version for localized insights: https://www.mordorintelligence.com/ja/industry-reports/global-two-wheeler-market?utm_source=abnewswire

Two-Wheeler Market Segmentation Analysis

By Vehicle Type

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Motorcycles

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Scooters

By Propulsion

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Internal Combustion Engine

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Battery Electric

By Engine Capacity

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Less than or equal to 110 cc

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111-125 cc

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126-150 cc

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151-200 cc

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201-250 cc

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250-350 cc

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350-500 cc

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More than 500 cc

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Electric power categories based on kW output

By Price Band

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Entry-level

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Mid-range

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Premium

By End User

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Business to Consumer

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Business to Business

By Sales Channel

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Online

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Offline

By Geography

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North America

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South America

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Europe

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Asia Pacific

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Middle East & Africa

Competitive Landscape in the Two-Wheeler Market

The global two-wheeler market remains competitive, with established manufacturers and regional players competing across propulsion and price segments. Companies are focusing on localization, modular platforms, and digital engagement to strengthen their two-wheeler market share.

Key Players in the Two-Wheeler Industry

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Bajaj Auto Ltd.

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Hero MotoCorp Ltd.

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Honda Motor Co. Ltd.

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TVS Motor Company Limited

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Yamaha Motor Company Limited

Conclusion

The two-wheeler market forecast through 2031 indicates stable expansion supported by electrification, fleet demand, and urban mobility requirements. While internal combustion models continue to hold a significant two-wheeler market share, electric adoption is steadily increasing across key regions.

Asia Pacific remains the backbone of the two-wheeler industry, while Europe and North America show gradual momentum in electric segments. Competitive intensity, diversified product portfolios, and structured fleet demand are expected to shape the next phase of two-wheeler market growth.

Industry Related Reports

Light Commercial Vehicle Market: The light commercial vehicle market is segmented by vehicle type, propulsion type, application, ownership model, payload, and geography, with forecasts provided in value (USD) and volume (units). Growth is driven by expanding e-commerce logistics, fleet electrification trends, and rising demand for efficient last-mile delivery solutions.

Get more insights: https://www.mordorintelligence.com/industry-reports/light-commercial-vehicle-market?utm_source=abnewswire

Semi-Trailer Market size: The semi-trailer market reached USD 33.12 billion in 2026 and is projected to grow at a CAGR of 6.73%, reaching USD 45.87 billion by 2031.

Get more insights: https://www.mordorintelligence.com/industry-reports/semi-trailer-market?utm_source=abnewswire

Recreational Vehicle Market share: The recreational vehicle market was valued at USD 33.23 billion in 2025 and is estimated to grow from USD 35.66 billion in 2026 to USD 52.74 billion by 2031, at a CAGR of 8.14% during 2026-2031.

Get more insights: https://www.mordorintelligence.com/industry-reports/recreational-vehicle-market?utm_source=abnewswire

About Mordor Intelligence

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