Brazil Two Wheeler Market to Grow at Double-Digit CAGR till 2024

Growing traffic congestion coupled with ease of maneuverability and higher fuel efficiency offered by two-wheelers to drive Brazil two wheeler market through 2024

According to TechSci Research report, “Brazil Two Wheeler Market By Vehicle Type, By Engine Capacity, Competition, Forecast & Opportunities, 2024”, Brazil two wheeler market is one of the largest motorcycle markets in the world and is projected to grow at a CAGR of more than 10% during 2019-2024, backed by lower price of two wheelers when compared with car prices. Number of cars in major metropolis of Brazil doubled from 2001 to 2011, resulting in traffic jam in cities, which in turn is driving the country’s two wheeler market. Moreover, increasing need for connectivity in mid-sized and smaller cities and rising purchasing power is expected to have a positively impact on the market in coming years.

Browse an in-depth TOC on “Brazil Two-Wheeler Market”

https://www.techsciresearch.com/report/brazil-two-wheeler-market/3220.html

Customers can also request for 10% free customization on this report.

In terms of vehicle type, the market can be segmented into motorcycle, scooter/moped and electric two wheeler. Motorcycle is the major segment of the market, as it offers better power with high fuel economy when compared with other counterparts. On the basis of engine capacity, the two wheeler market can be segmented into less than 100cc, 10-125cc, 126-250cc, 250-500cc and more than 500cc. Owing to its cost effectiveness and high fuel efficiency, 100-125 cc is the preferred segment for two wheelers among riders in the country. Moto Honda da Amazônia, Ltda., Triumph Motorcycles Ltd., Harley Davidson Inc., Yamaha Motor do Brasil Ltda., Dafra Motos, Suzuki Motor Corp., Traxx, Bayerische Motoren Werke AG and Kawasaki Motors Corp. are some of the leading market players. Companies operating in the market are using organic strategies such as product launches, mergers and collaborations to boost their share.

“Two wheeler market in Brazil is expected to grow at a double-digit CAGR during 2019-2024, owing to the presence of various multinational companies such as Honda, Suzuki, Yamaha, BMW and Kawasaki coupled with their increasing focus on research & development activities and expanding their product portfolio to meet different consumer requirements. Moreover, growing consumer inclination towards electric two-wheelers, due to rising environmental concerns, is expected to further steer growth in Brazil two-wheeler market over the next five years.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Brazil Two Wheeler Market By Vehicle Type, By Engine Capacity, Competition, Forecast & Opportunities, 2024” has evaluated the future growth potential of Brazil 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 Brazil two wheeler market.

About TechSci Research

TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.

Contact

Mr. Ken Mathews

708 Third Avenue,

Manhattan, NY,

New York – 10017

Tel: +1-646-360-1656

Email: [email protected]