Rising demand for economical and personal means of transportation coupled with increasing female riders, improving road infrastructure and growing popularity of bank financing facilities to boost two-wheelers market in APAC
According to TechSci Research report, “APAC Two Wheeler Market By Vehicle Type, By Engine Capacity, By Country, Competition, Forecast & Opportunities, 2025”, APAC two-wheeler market is anticipated to grow at an impressive pace in the coming years and surpass $ 67 billion by 2025. Growth in the market is expected on account of rising demand for economical and personal transportation coupled with expanding population base and rising per capita income of consumers in the region. Moreover, increase in number of female riders and easy availability of bank financing are the other key factors augmenting the region’s two wheelers market. In volume terms, APAC two wheeler market stood around 53.19 million units in 2019, and these volume figures are also expected to go up in the coming years. However, the unit sales are expected to witness a decline in 2020 due to the spread of COVID-19 leading to huge impact on the region’s economic activities.
Browse over 62 market data Tables and 87 Figures spread through 130 Pages and an in-depth TOC on “APAC Two Wheeler Market”
APAC two wheeler market is classified based on vehicle type, by engine capacity, and by country. Based on vehicle type, the market is segmented into scooters/mopeds and motorcycles. Scooters/Mopeds account for a majority share in APAC two wheeler market due to their automatic transmission and comfortable ride, however, the motorcycle segment is expected to grow at a faster growth rate during the forecast period.
In terms of engine capacity, vehicles are distinguished amongst categories of displacement of their engines, which include less than 125cc, 126cc to 250cc, 251cc to 500cc, and above 500cc displacement segments. Lightweight scooters are currently most favored by people in APAC, but due to their limited use, their demand in the market is expected to grow at a slower pace during the forecast period. Demand for two wheelers with more than 251 cc displacement is anticipated to grow at a faster pace in the coming years.
By country, the region’s two wheeler market is segmented into top eleven markets, which include India, China, Indonesia, Vietnam, Pakistan, Philippines, Thailand, Taiwan, Bangladesh, Malaysia, Japan, and rest of the APAC. In 2019, India was the largest two wheeler market in the region, followed by China and Indonesia. The dominance of these countries is expected to continue during the forecast period. India overtook the position of market leader in 2016, outrunning China. Two wheeler market in India has been growing at a robust pace over the years on account of continuously expanding dealer network, regular launching of new models and rising investments. Indian roads are currently dominated by motorcycles, but the trend is seemingly shifting towards automatic and easy to drive scooters. Hero, Honda, TVS, Bajaj and Royal Enfield are top players operating in India two wheeler market. Since the penalization of two wheelers in China in 2016, the country’s contribution to the APAC market has remarkably decreased but it is steadily witnessing recovery in sales.
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“India dominated the region’s two wheeler market in the year 2019, due to the country’s remarkable dealer network coupled with highly competitive environment that offers relatively economical yet quality products fulfilling adaptive technological demands of customers as well as complying with government’s safety and emission norms. Demand for two wheelers is anticipated to increase in APAC in the coming years, on account of increasing consumer expenditure for safer, economic and aesthetic two-wheelers.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“APAC Two Wheeler Market By Vehicle Type, By Engine Capacity, By Country, Competition, Forecast & Opportunities, 2025” has evaluated the future growth potential of APAC two-wheeler market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in APAC two wheeler market.
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