A recent research report published by MarkNtel Advisors projects the changing dynamics of the Two Wheeler Market. Analysts have rigorously conducted studies to bring accurate, reliable, and unbiased insights on the key drivers, opportunities, challenges, restraints, trends, and developments, among other factors, influencing the market expansion across different geographies.
The report exhibit data from the historic years 2018-21 while considering the base year as 2022 for stakeholders to examine these aspects and make informed decisions strategies before investing in the market to gain the highest profits. It further sheds light on the leading companies their profiling to help stakeholders know about their key marketing strategies, contributions, product/service portfolio, key trends, recent developments, and mergers acquisitions.
The report covers the following major market participants:
-TVS Motors
-BMW Motorrad
-Piaggio C.S. p.A
-Bajaj Auto Ltd.
-Kawasaki Heavy Industries, Ltd
-Suzuki Motor Corporation
-Honda Motor Co., Ltd.
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According to the report, the Two Wheeler Market is anticipated to grow at a CAGR of 8.0% during the forecast period, i.e., 2023-28. This market research report is a powerful source of information decision-making that encompasses a detail-driven evaluation of each segment its further bifurcations to bring out utmost knowledge to investors.
Market Dynamics:
Key Driver: The Rapid Urbanization Prompting the Need for Compact Commuting Solutions
According to the United Nations (UN) Department of Economics and Social Affairs, it is predicted that 68% of the world population is expected to live in urban areas by 2050. As a result, the rising road congestion, insufficient mobility infrastructures, and lack of parking spaces necessitate the demand for compact commuting solutions in developed and developing economies, improving market growth.
Besides, standard bikes are witnessing accelerating demand over traditional motorcycles due to the low initial price driven by the developing economic strength of the urban middle-class population. Furthermore, the sudden surge in gasoline prices makes the urban and rural populace prefer mopeds, motorcycles, and standard bikes from four-wheelers. Other than this, the minimal maintenance required by such vehicles provides the necessary impetus required for further market expansion.
Segmentation Regional Analysis:
The “Two Wheeler Market Analysis, 2023” research study further incorporates detailed insights into all segments their expansion across different geographic locations. This section mentions a comprehensive analysis of the overall size volume, demand sales, along with fluctuations in the market during the historic forecast years. The report also mentions data about stakeholders’ developments distribution mapping and their potential growth in the coming years, based on the ebb flow of the following market segments:
Market Divided into, By Type of Fuel
-Gasoline
-Petrol
-Diesel
-LPG/CNG
-Battery
Market Divided into, By Vehicle Type
-Moped
-Scooter
-Motorcycle
Market Divided into, By Application
-Personal Use
-Commercial Use
Market Divided into, By Type of Engine Capacity
-Up to 125 cc
-126 to 250 cc
-251 to 500 cc
-Above 500 cc
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On the geographical front, the Two Wheeler Market expands across the following regions/countries:
-North America: US, Canada, Mexico
-Europe: Germany, The UK, France, Russia, Spain, Italy, Rest of Europe
-Asia-Pacific: China, India, Japan, South Korea, Australia, Rest of Asia-Pacific
-South America: Brazil, Argentina, Rest of South America
-Middle East Africa: UAE, Saudi Arabia, South Africa, Egypt, Rest of MEA
Scope of the Report:
-This research study is a comprehensive description of the Two Wheeler Market, including all the essential data associated with the key trends, recent developments, growth factors, restraints, opportunities, challenges, among others.
-It also entails details of key investments in the industry, participation contribution of companies, and the role of the governing bodies, across regions, elucidating the market expansion.
-The highly fragmented interface of the Two Wheeler Market across various regions further instigates the analysts to present information on the market expansion across each segmentation and geographies.
-The analysis also covers the dynamic industry structure with challenges encountered by the industry players over the years and their strategies for sustainability and massive expansion, entwined with the changing inclinations of governments.
-The competitive landscape section in the report incorporates complete company profiling of the prominent players in the Two Wheeler Market and their role contribution to the industry through financial investments, key alliances, strategic initiatives, among others.
-Our research analysts have used tools like SWOT analysis, PESTEL analysis, and Porter's Five Forces Model to examine different external environment factors influencing the growth trajectory of the market during 2023-28.
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