Product Code: ETC13130630 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Summon Dutta | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Two Wheeler Market was valued at USD 105 Billion in 2024 and is expected to reach USD 145 Billion by 2031, growing at a compound annual growth rate of 4.70% during the forecast period (2025-2031).
The Global Two Wheeler Market refers to the market for motorcycles, scooters, and mopeds worldwide. This market is driven by factors such as increasing urbanization, rising disposable incomes, and a growing trend towards affordable and efficient transportation solutions. Emerging economies in Asia Pacific, particularly India and China, are key markets for two-wheelers due to their large populations and expanding middle-class consumer base. Technological advancements like electric two-wheelers and connectivity features are also shaping the market landscape. Key players in the global two-wheeler market include Honda, Yamaha, Hero MotoCorp, and Bajaj Auto, among others. Despite challenges such as fluctuating fuel prices and regulatory changes, the market is expected to witness steady growth in the coming years with a focus on sustainability and innovation.
The Global Two Wheeler Market is experiencing a shift towards electric vehicles, driven by the increasing focus on sustainability and regulations promoting cleaner transportation. Electric two-wheelers offer benefits such as lower operating costs, reduced emissions, and government incentives, leading to significant growth potential in this segment. In addition, the rise of shared mobility services and urbanization are creating opportunities for compact and efficient two-wheelers, especially in emerging markets. Manufacturers are also investing in technologies like connectivity and advanced safety features to enhance the overall riding experience. Overall, the market is poised for innovation and growth, with a strong emphasis on sustainability and technological advancements shaping the future of two-wheeler transportation.
The Global Two Wheeler Market faces several challenges including increasing competition from other modes of transportation such as cars and public transport, stringent emission regulations requiring manufacturers to invest in costly technology upgrades, fluctuating raw material prices affecting production costs, and the rise of electric vehicles leading to a shift in consumer preferences. Additionally, safety concerns, limited infrastructure for two-wheelers in certain regions, and economic uncertainties impacting consumer spending pose further challenges for the market. To stay competitive and address these challenges, companies in the Global Two Wheeler Market need to innovate by developing more fuel-efficient and environmentally friendly models, invest in research and development for advanced safety features, and expand their market reach through strategic partnerships and marketing initiatives.
The Global Two Wheeler Market is primarily driven by factors such as increasing urbanization, growing population, rising disposable income levels, and changing consumer preferences towards affordable and convenient transportation options. Additionally, the need for fuel-efficient and eco-friendly modes of transportation, especially in congested urban areas, is fueling the demand for two-wheelers. Technological advancements, such as the introduction of electric two-wheelers and connectivity features, are also contributing to the market growth. Furthermore, government initiatives promoting the adoption of electric vehicles and the development of infrastructure for two-wheelers are expected to drive the market further in the coming years. Overall, the Global Two Wheeler Market is witnessing steady growth due to these key drivers.
Government policies related to the global two-wheeler market vary by country but generally focus on areas such as emissions standards, safety regulations, and incentives for electric vehicles. Many countries are implementing stricter emissions standards to reduce pollution from two-wheelers, while also promoting the adoption of electric two-wheelers through subsidies and tax incentives. Safety regulations often require the use of helmets and other protective gear, as well as setting speed limits for two-wheelers. Some governments are also investing in infrastructure to support two-wheeler usage, such as dedicated lanes and parking facilities. Overall, government policies in the global two-wheeler market aim to balance environmental concerns, safety considerations, and promoting sustainable transportation options.
The Global Two Wheeler Market is expected to witness steady growth in the coming years, driven primarily by increasing urbanization, rising disposable incomes, and a shift towards more sustainable modes of transportation. The market is likely to see a surge in demand for electric two-wheelers as governments worldwide implement stricter regulations to curb emissions and promote eco-friendly mobility solutions. Additionally, advancements in technology, such as the development of smart two-wheelers and connected vehicles, are expected to further propel market growth. However, challenges such as fluctuating raw material prices, supply chain disruptions, and changing consumer preferences could impact the market dynamics. Overall, the Global Two Wheeler Market is poised for expansion, with key players focusing on innovation and sustainability to capitalize on emerging opportunities in the industry.
In the Global Two Wheeler Market, regional insights reveal varying trends across different parts of the world. Asia holds the largest market share due to the high demand for motorcycles and scooters in countries like India, China, and Southeast Asian nations. North America and Europe have a mature market with a focus on premium and electric two-wheelers, driven by increasing environmental awareness. The Middle East and Africa region is witnessing steady growth, propelled by urbanization and improving infrastructure. Latin America shows potential for growth with a rising middle class and increasing urbanization driving demand for affordable and fuel-efficient transportation options. Overall, the global two-wheeler market is dynamic, with each region offering unique opportunities and challenges for manufacturers and industry players.
Global Two Wheeler Market |
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Global Two Wheeler Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Two Wheeler Market Revenues & Volume, 2021 & 2031F |
3.3 Global Two Wheeler Market - Industry Life Cycle |
3.4 Global Two Wheeler Market - Porter's Five Forces |
3.5 Global Two Wheeler Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Two Wheeler Market Revenues & Volume Share, By Vehicle Type, 2021 & 2031F |
3.7 Global Two Wheeler Market Revenues & Volume Share, By Engine Capacity, 2021 & 2031F |
4 Global Two Wheeler Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Two Wheeler Market Trends |
6 Global Two Wheeler Market, 2021 - 2031 |
6.1 Global Two Wheeler Market, Revenues & Volume, By Vehicle Type, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Two Wheeler Market, Revenues & Volume, By Motorcycle, 2021 - 2031 |
6.1.3 Global Two Wheeler Market, Revenues & Volume, By Scooter/Moped, 2021 - 2031 |
6.2 Global Two Wheeler Market, Revenues & Volume, By Engine Capacity, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Two Wheeler Market, Revenues & Volume, By Up to 125cc, 2021 - 2031 |
6.2.3 Global Two Wheeler Market, Revenues & Volume, By 126-250cc, 2021 - 2031 |
6.2.4 Global Two Wheeler Market, Revenues & Volume, By 251-500cc, 2021 - 2031 |
6.2.5 Global Two Wheeler Market, Revenues & Volume, By Above 500cc, 2021 - 2031 |
6.3.1 Overview & Analysis |
7 North America Two Wheeler Market, Overview & Analysis |
7.1 North America Two Wheeler Market Revenues & Volume, 2021 - 2031 |
7.2 North America Two Wheeler Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Two Wheeler Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Two Wheeler Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Two Wheeler Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Two Wheeler Market, Revenues & Volume, By Vehicle Type, 2021 - 2031 |
7.4 North America Two Wheeler Market, Revenues & Volume, By Engine Capacity, 2021 - 2031 |
8 Latin America (LATAM) Two Wheeler Market, Overview & Analysis |
8.1 Latin America (LATAM) Two Wheeler Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Two Wheeler Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Two Wheeler Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Two Wheeler Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Two Wheeler Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Two Wheeler Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Two Wheeler Market, Revenues & Volume, By Vehicle Type, 2021 - 2031 |
8.4 Latin America (LATAM) Two Wheeler Market, Revenues & Volume, By Engine Capacity, 2021 - 2031 |
9 Asia Two Wheeler Market, Overview & Analysis |
9.1 Asia Two Wheeler Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Two Wheeler Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Two Wheeler Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Two Wheeler Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Two Wheeler Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Two Wheeler Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Two Wheeler Market, Revenues & Volume, By Vehicle Type, 2021 - 2031 |
9.4 Asia Two Wheeler Market, Revenues & Volume, By Engine Capacity, 2021 - 2031 |
10 Africa Two Wheeler Market, Overview & Analysis |
10.1 Africa Two Wheeler Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Two Wheeler Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Two Wheeler Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Two Wheeler Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Two Wheeler Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Two Wheeler Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Two Wheeler Market, Revenues & Volume, By Vehicle Type, 2021 - 2031 |
10.4 Africa Two Wheeler Market, Revenues & Volume, By Engine Capacity, 2021 - 2031 |
11 Europe Two Wheeler Market, Overview & Analysis |
11.1 Europe Two Wheeler Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Two Wheeler Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Two Wheeler Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Two Wheeler Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Two Wheeler Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Two Wheeler Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Two Wheeler Market, Revenues & Volume, By Vehicle Type, 2021 - 2031 |
11.4 Europe Two Wheeler Market, Revenues & Volume, By Engine Capacity, 2021 - 2031 |
12 Middle East Two Wheeler Market, Overview & Analysis |
12.1 Middle East Two Wheeler Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Two Wheeler Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Two Wheeler Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Two Wheeler Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Two Wheeler Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Two Wheeler Market, Revenues & Volume, By Vehicle Type, 2021 - 2031 |
12.4 Middle East Two Wheeler Market, Revenues & Volume, By Engine Capacity, 2021 - 2031 |
13 Global Two Wheeler Market Key Performance Indicators |
14 Global Two Wheeler Market - Export/Import By Countries Assessment |
15 Global Two Wheeler Market - Opportunity Assessment |
15.1 Global Two Wheeler Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Two Wheeler Market Opportunity Assessment, By Vehicle Type, 2021 & 2031F |
15.3 Global Two Wheeler Market Opportunity Assessment, By Engine Capacity, 2021 & 2031F |
16 Global Two Wheeler Market - Competitive Landscape |
16.1 Global Two Wheeler Market Revenue Share, By Companies, 2024 |
16.2 Global Two Wheeler Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |