Dublin, Jan. 25, 2024 (GLOBE NEWSWIRE) -- The "Two-Wheeler Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F" report has been added to ResearchAndMarkets.com's offering.
The Global Two-Wheeler Market is set to experience a significant growth trajectory from 2018 to 2028, buoyed by escalating urbanization and an increased proclivity for fuel-efficient transportation. A recent research publication offers an exhaustive analysis of the market scenario, assessing the industry's size, share, trends, and forecasted opportunities.
Rise in Compact Mobility Solutions Spurs Two-Wheeler Market Growth
Urban expansion, particularly in emerging markets like Asia and Oceania, is creating robust demand for compact mobility solutions, bolstering the two-wheeler market. This trend is further supported by escalating fuel costs and traffic congestion, which prompt consumers to seek out more efficient means of daily commuting. The convenience of scooters and motorcycles, coupled with reduced costs related to fuel consumption, maintenance, and parking, is driving the market forward.
Electric Two-Wheelers: A Sustainable Trend Amplifying Market Opportunities
The shift towards sustainability has significantly impacted market dynamics. Electric two-wheelers are carving a niche due to their cost-effectiveness, efficiency, and lower emissions. This push towards electric vehicles is further reinforced by government incentives and subsidies to meet stringent carbon emission targets. Major players in the industry are rapidly adapting by expanding their manufacturing capabilities to include electric models, signalling a positive outlook for this segment.
Urbanization and Fuel Efficiency: Key Drivers in Market Expansion
With the urban population on the rise, the need for efficient and affordable transportation is more pronounced than ever. Motorcycles, mopeds, and scooters offer high mobility and ease of use, particularly beneficial for short distances and quick delivery services. Their adoption is expected to soar during the forecast period, presenting lucrative opportunities for industry participants.
Challenges and Safety Concerns: The Roadblocks to Consider
Despite the bullish tendencies, there are challenges that the two-wheeler market must navigate. Safety concerns remain a significant hurdle, as two-wheelers offer less protection compared to their four-wheeled counterparts. Yet, innovations in rider safety equipment and advancements in vehicle technology are ongoing efforts to mitigate these concerns and ensure continued market growth.
- two-wheeler market trends
- global industry growth
- impact of urbanization on transportation
- electric vehicle adoption
- motorcycle and scooter market expansion
- fuel efficiency demand in two-wheelers
In conclusion, the Global Two-Wheeler Market is at an impressive juncture, with substantial growth prospects in both established and nascent markets. As urbanization continues unabated and sustainability becomes more central to transportation dialogues, the industry is well-positioned for continued expansion in the years to come.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 117 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value (USD) in 2022 | $112.03 Billion |
| Forecasted Market Value (USD) by 2028 | $178.45 Billion |
| Compound Annual Growth Rate | 7.2% |
| Regions Covered | Global |
A selection of companies mentioned in this report includes
- Hero MotoCorp Ltd.
- Bajaj Auto Ltd.
- Yamaha Motor Co., Ltd.
- Piaggio & C. S.p.A.
- TVS Motor Company Limited
- Harley Davidson
- Suzuki Motor Corporation
- Kawasaki Heavy Industries, Ltd.
- Honda Motor Co., Ltd
- BMW Motorrad
For more information about this report visit https://www.researchandmarkets.com/r/wotn0l
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