1. What is the projected Compound Annual Growth Rate (CAGR) of the Two Wheeler Market?
The projected CAGR is approximately 6.8%.
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Two Wheeler MarketTwo Wheeler Market by Type (Scooters, Motorcycles, Mopeds), by Engine Displacement (Below 125cc, 126cc - 155cc, 156cc - 200cc, 201cc- 500cc, Above 500cc), by Propulsion (ICE, Electric), by ByType (Scooter, Motorcycle), by Moped (By Engine Displacment), by Europe (U.K., Germany, France, Rest of Europe), by Asia Pacific (China, India, Japan, ASEAN), by Latin America (Brazil, Mexico, Rest of Latin America) Forecast 2026-2034
The Two Wheeler Market size was valued at USD 108.58 Thousand Units in 2023 and is projected to reach USD 172.09 Thousand Units by 2032, exhibiting a CAGR of 6.8 % during the forecast period. A two-wheeler is a vehicle that has two wheels. There are several types of two-wheelers, such as sports bikes, cruisers, scooters, motorcross, mopeds, and many more. There are a wide variety of advantages, including that they are lightweight, easy to maneuver, easy to park, save traffic time, fuel efficiently, and many more. They are used in various applications such as long-distance travel, commuting, cruising, sports (including racing), off-road riding, touring and adventure, sport riding, delivery service, riding, etc. Advancements in technology, such as the development of electric two-wheelers, improved safety features, and connectivity options, contribute to the growth of the two-wheeler market. Electric two-wheelers, in particular, are gaining popularity due to their environmental benefits and lower operating costs.
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| Aspects | Details |
|---|---|
| Study Period | 2020-2034 |
| Base Year | 2025 |
| Estimated Year | 2026 |
| Forecast Period | 2026-2034 |
| Historical Period | 2020-2025 |
| Growth Rate | CAGR of 6.8% from 2020-2034 |
| Segmentation |
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Note*: In applicable scenarios
Primary Research
Secondary Research
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
The projected CAGR is approximately 6.8%.
Key companies in the market include Honda Motor Co., Ltd. (Japan), Yamaha Motors Co. (Japan), Hero Moto Corp. (India), Suzuki Motor Corporation (Japan), BMW Motorrad International (Germany), Bajaj Auto (India), Emergica Moto Company Inc. (Italy), Kawasaki (Japan), Piaggio & C. SpA (Italy), Triumph Motorcycles Ltd. (U.K.).
The market segments include Type, Engine Displacement, Propulsion.
The market size is estimated to be USD 108.58 Thousand Units as of 2022.
Increasing Demand for Forged Products in Power. Agriculture. Aerospace. and Defense to Drive Industry Expansion.
Rising Adoption of Automation in Manufacturing to Drive Market Growth.
Rising Safety Concerns Regarding Riding Two-wheelers to Limit the Market Growth.
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The market size is provided in terms of value, measured in Thousand Units and volume, measured in Thousand Units.
Yes, the market keyword associated with the report is "Two Wheeler Market," which aids in identifying and referencing the specific market segment covered.
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