Nepal Two Wheeler Market (2023-2029) Share, Outlook, Size, Growth, Value, Analysis, Industry, Trends, Revenue, Segmentation & COVID-19 IMPACT

Topics Covered in the Nepal Two Wheeler Market

Nepal Two Wheeler Market report thoroughly covers the market by vehicle type and by engine capacity. The Two Wheeler Market Outlook report provides an unbiased and detailed analysis of the ongoing Two Wheeler Market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Nepal Two Wheeler Market Synopsis 

Nepal Two Wheeler Market is estimated to grow at a rapid pace rate on the back of easy availability of finance, rising disposable income, growing young population, and changing lifestyles. Rising income levels in Nepal are one of the key drivers of Nepal two-wheeler market growth over the years. Additionally, the improved infrastructure is another primary driver of growth in the market as there have been significant investments in the development of roads and highways in Nepal. Also, the government has been supporting the growth of the two-wheeler market through various policies and initiatives such as waiving import duties on two-wheelers and providing easy financing options for buyers.

According to 6Wresearch, the Nepal Two Wheeler Market share is anticipated to grow rapidly during 2023-2029. The market is being driven by strong growth in the sales of motorcycles. The two-wheeler market in Nepal is expected to grow in the coming years, driven by rising disposable incomes, expanding urbanization, and the rising need for affordable transportation. The growing tourism sector is also expected to have a positive impact on the sales of two-wheelers in Nepal as the number of tourists has been visiting the country, leading to a rise in demand for rental two-wheelers. However, there is a lack of affordable financing options for buyers which are expected to hamper the Nepal Two Wheeler Market size to a certain extent. Moreover, there is a lack of awareness about two-wheelers amongst potential customers since most people in Nepal generally use bicycles. Nevertheless, the surging popularity of electric two-wheelers is providing significant growth opportunities to the market. The increasing number of women who are buying two-wheelers, driven by the increase in women's employment rates and a change in social attitudes towards female riders is another major trend contributing to the market development. 

COVID-19 Impact on the Nepal Two Wheeler Market

The COVID-19 pandemic has disrupted the two-wheeler market in Nepal. Due to the nationwide lockdown to control the spread of the virus, the sales of two-wheelers have led to a complete halt. Consequently, the sales of two-wheelers plummeted during the initial months of the pandemic. The lockdown also led to commotions in the supply chain, causing delays in the delivery of two-wheelers. However, the two-wheeler industry in Nepal has indicated signs of recovery in recent years with the gradual reopening of businesses and industries. Moreover, with the increased need for personal transportation, the demand for two-wheelers has proliferated.

Key Players in the Nepal Two Wheeler Market

Some of the key players in the Nepal two-wheeler market include:

• Hero MotoCorp Ltd.
• TVS Motor Company
• Yamaha Motor Co., Ltd.
• Suzuki Motor Corporation
• Royal Enfield
• Mahindra Two Wheelers Limited

These companies offer a range of motorcycles and other two-wheelers, catering to the needs of different segments of customers. In addition to these major players, there are also several local manufacturers and dealers in the Nepal two-wheeler industry. Overall, the market for two-wheeler in Nepal is highly competitive, with players constantly innovating and offering better products and services to their customers.

Market Analysis by Vehicle Type

According to Shivankar, Research Manager, 6Wresearch, the motorcycle segment is dominating the Nepal two-wheeler market share. Scooters/mopeds also have a significant market share; however, their sales are comparatively lower than motorcycles. They are popular among female riders and urban commuters due to their maneuverability in heavy traffic.

Market Analysis by Engine Capacity

In terms of engine capacity, the up to 125cc segment is the largest in terms of sales volume, accounting for the majority of the market share due to their affordability and fuel efficiency. The 126-250cc segment includes higher-end motorcycles and sports bikes.

Key attractiveness of the report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2019 to 2022.
• Base Year: 2022.
• Forecast Data until 2029.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Nepal Two Wheeler Market Outlook
• Market Size of Nepal Two Wheeler Market, 2022
• Forecast of Nepal Two Wheeler Market, 2029
• Historical Data and Forecast of Nepal Two Wheeler Revenues & Volume for the Period 2019 - 2029
• Nepal Two Wheeler Market Trend Evolution
• Nepal Two Wheeler Market Drivers and Challenges
• Nepal Two Wheeler Price Trends
• Nepal Two Wheeler Porter's Five Forces
• Nepal Two Wheeler Industry Life Cycle
• Historical Data and Forecast of Nepal Two Wheeler Market Revenues & Volume By Vehicle Type for the Period 2019 - 2029
• Historical Data and Forecast of Nepal Two Wheeler Market Revenues & Volume By Motorcycle for the Period 2019 - 2029
• Historical Data and Forecast of Nepal Two Wheeler Market Revenues & Volume By Scooter/Moped for the Period 2019 - 2029
• Historical Data and Forecast of Nepal Two Wheeler Market Revenues & Volume By Engine Capacity for the Period 2019 - 2029
• Historical Data and Forecast of Nepal Two Wheeler Market Revenues & Volume By Up to 125cc for the Period 2019 - 2029
• Historical Data and Forecast of Nepal Two Wheeler Market Revenues & Volume By 126-250cc for the Period 2019 - 2029
• Historical Data and Forecast of Nepal Two Wheeler Market Revenues & Volume By 251-500cc for the Period 2019 - 2029
• Historical Data and Forecast of Nepal Two Wheeler Market Revenues & Volume By Above 500cc for the Period 2019 - 2029
• Nepal Two Wheeler Import Export Trade Statistics
• Market Opportunity Assessment By Vehicle Type
• Market Opportunity Assessment By Engine Capacity
• Nepal Two Wheeler Top Companies Market Share
• Nepal Two Wheeler Competitive Benchmarking By Technical and Operational Parameters
• Nepal Two Wheeler Company Profiles
• Nepal Two Wheeler Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Vehicle Type

• Motorcycle
• Scooter/Moped

By Engine Capacity

• Up To 125cc
• 126-250cc
• 251-500cc
• Above 500cc

Nepal Two Wheeler Market: FAQs