Global Two-Wheelers Market Outlook 2024: Opportunity & Growth Analysis, 2016-2024

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Global Two-Wheelers Market Outlook
Global Two-Wheelers Market Outlook 2024
Opportunity Growth Analysis, 2016-2024
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Global Two-Wheelers Market Size (USD
Billion)-2016-2024
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• Global Two Wheeler Market Size is anticipated to
  expand at a compound annual growth rate of XX
  during the forecast period i.e. 2016-2024.
  However, Chinese two-wheeler market was on the
  decline for various reasons. The most evident was
  the rise in demand for cars in the country and
  high import cost on two-wheelers made it
  difficult for the bike-makers to cater to the
  segment. This resulted in the down-grade of the
  two-wheeler segment in the country.
• Like the car industry, the two-wheeler space is
  also witnessing a lot of new trends, key among
  them are safety, sub-segmentation and
  premiumization. And, of course, when it comes to
  the growing megatrend of electric mobility, the
  two-wheeler has taken a strong lead in Asia.
• Traffic in urban centers such as Jakarta, Kuala
  Lumpur and Ho Chi Minh City has long been
  characterized by swarms of small motorbikes and
  scooters. Honda Motor Co. Ltd and Yamaha Motor
  Co. Ltd, the worlds biggest motorbike makers,
  have dominated this sprawling regional market.
  The landscape is slowly shifting as the Southeast
  Asian market, the worlds third-largest after
  China and India, undergoes a structural change.
  In Malaysia and Vietnam, motorbikes with bigger
  engine capacities are outselling their smaller
  cousins.

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Global Two-Wheelers Market Outlook
Global Two-Wheelers Market Share(), By
Region-2016-2024
Global Two-Wheelers Market Size USD (Billion).
2016-2024
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Sample
Source Goldstein Research
Source Goldstein Research
In 2016, Motorcycles accounted for the highest
market share XX in Global Two-Wheelers market
With XX share in 2016, Asia Pacific dominated
the Global Two-Wheelers market
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Global Two-Wheelers Market Outlook

• In 2017, India overtook China to emerge as a
  global leader in the two-wheelers market. India
  produced a total of XX million two-wheeler
  vehicles, followed by China at XX million units.
  China, however, remains the leading exporter of
  two-wheelers, having shipped XX million units in
  FY2017 compared to Indias count of XX million
  units during the same period.
• The massive government spending in rural programs
  and large road-construction projects is leading
  to a pickup in volumes in smaller towns and
  villages. Besides the growing infrastructure and
  rising incomes in the rural areas, one of the
  primary reasons for the spurt in sales has been
  the rise of women commuters. For Honda alone, the
  share of women scooter drivers stands at XX.
• Overall, the value of motorcycle exports rose by
  an average XX for all exporting countries since
  2013 when motorcycle shipments were valued at USD
  XX billion. Year over the value of exported
  motorcycles appreciated XX from 2016 to 2017.
  Among continents, Asian countries accounted for
  the highest dollar worth of exported motorcycles
  during 2017 with shipments valued at USD XX
  billion or XX of the global total.
• The motorcycle market is big business and we
  expect to see healthy growth, with worldwide
  demand reaching XX million units per year by
  2020. However, this growth is not uniform across
  all regions. The majority of new sales will be in
  Asia-Pacific, where, as living standards continue
  to improve, an increasing number of households
  will be able to afford motorcyclesincluding
  those used for touring and leisure purposes.
• Japanese OEMs claim over XX percent of the global
  motorcycle market with Honda alone holding XX
  percent. Chinese OEMs together hold about XX
  percent. However, production is handled mainly in
  India, Indonesia and Thailand, as many Chinese
  and Japanese OEMs invest in local production
  facilities to feed those growing markets.

Favorable Demographics
Government Spending on Infrastructure
Development
Sample
Inefficient Public Transport
Growing Personal Disposable Income
APAC Two-Wheelers Market Size (Million Units)
India
China
Indonesia
XX Million
2016
XX Million
XX Million
2024
XX Million
XX Million
XX Million
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• Young Population and Rising Middle-Class Income
• In addition to the sturdy growth in demand due to
  a young population and rising middle-class
  income, Asia offers significant cost advantages.
  Auto firms save nearly XX-XX on operations
  vis-à-vis Latin America and Europe. Rising
  investments in terms of FDI inflow, of around USD
  XX billion in the two-wheeler sector, have paved
  the way for opportunities in manufacturing.
• In metros and the larger cities, the sales are
  also being aided by the choked infrastructure.
  People are buying two-wheelers for shorter
  commute and errands, even if they have a car. It
  is difficult to move around in congested cities,
  and even more difficult to get a space to park.
  So, two-wheelers are increasingly becoming the
  second vehicles in the household
• For instance, the Governments plan to lay out
  USD XX million in the near future will be a
  driving force to frame business strategies.
  Moreover, the Government wants to develop India
  as a major RD hub and a global manufacturing
  center. The Automotive Mission Plan, too,
  received extensive policy support with reforms in
  Goods and Services Tax (GST) regulations to boost
  sector growth.
• Moreover, the automotive sector in the ASEAN
  countries has benefited from rising per capita
  income and competitive bank-lending rates.
  Motorization rates continue to remain on a steady
  course towards the next wave of growth. Vietnam
  has one of the fastest growing automotive sectors
  in SEA and is experiencing a sales boom.

Number of motorcycles and scooters sold in the
ASEAN region 2017
Sample
Honda Motorcycle and Scooter India (HMSI), the
second-biggest player in the domestic market,
will invest USD 120.0 billion to launch new
products and improve efficiency at existing
production facilities.
Harley Davidson is all set to launch its first
electric motorcycle product in India in the next
16-18 months. Harley Davidson had showcased the
Project Livewire concept four years ago.
Source Goldstein Research

• Impact Analysis-
• ASEAN region has pretty much reached a stage of
  maturity for Japanese two-wheeler makers like
  Honda and Yamaha, while there is still immense
  potential in India. Yamahas market projections
  for 2018 support this premise given that Indias
  overall two-wheeler market is comfortably ahead
  of the rest at XX million two-wheelers

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Global Two-Wheelers Market Share (), By Vehicle
Type, 2016-2024
Sample Report

• With India set to go BS VI in less than 26 months
  from now (April 2020) two-wheelers will see a
  significant loss in fuel efficiency due to XX
  percent reduction in NOx. Thus the impact of BS
  VI will see a drop in fuel economy in the range
  of X-XX percent, primarily due to near
  stoichiometric engine operation coupled with
  stringent NOx limits.
• The Bosch Two-Wheeler and Power sports business
  unit, based in Yokohama, Japan, continues to gain
  momentum in the global motorcycle market. Since
  the business unit was founded in April 2015,
  Bosch motorcycle technology sales have risen more
  than 20 percent. In comparison, production
  volumes for motorized two-wheelers have grown by
  less than five percent over the same period.
  Demand for enhanced motorcycle safety and smart
  connectivity solutions is driving the business.

Sample
Source Goldstein Research
Global Two-Wheelers Market Y-O-Y Growth, By
Vehicle Type 2016-2024
Source Goldstein Research
Global Two-Wheelers Market Size (USD Billion), By
VehicleType-2016-2024
Source Goldstein Research
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Sample Report
Global Two-Wheelers Market Size (USD Billion), By
Motorcycles, 2016-2024

• Many potential new drivers in the
• region still own two-wheelers, with motorcycle
  penetration rates at over 80 in Indonesia,
  Thailand, Vietnam and Malaysia.
• Two-wheeler sales in India grew roughly XX over
  five years to about XX million units in fiscal
  2016, data from the Society of Indian Automobile
  Manufacturers shows. Along the way, India has
  surpassed China to claim the title of the world's
  largest two-wheeler market. In the current fiscal
  year, cumulative sales for 10 months through
  January rose XX on the year to over XX million
  units.
• Scooter sales rose XX in fiscal 2016, sharper
  than the X increase in overall two-wheeler
  sales. Scooters today make up XX of this market,
  with their share growing XX percentage points
  over five years.

Sample
Source Goldstein Research
Global Two-Wheelers Market Y-O-Y Growth, By
Motorcycles 2016-2024
Source Goldstein Research
Motorcycle Market Growth in Different Countries,
2012-2016
Source Goldstein Research
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India Two-Wheelers Market Size (USD Billion),
Compound Annual Growth Rate (), Y-O-Y Growth
Rate (), 2016-2024
Sample
Source Goldstein Research
Top 10 Scooters Units Sold in 2017
Key Insights
Material Volume
Honda Activa XX Thousand
TVS Jupiter XX Thousand
Suzuki Access XX Thousand
Honda Dio XX Thousand
Hero Maestro XX Thousand
Hero Duet XX Thousand
Honda Aviator XX Thousand
Hero Pleasure XX Thousand
TVS Pep XX Thousand
Yamaha Fascino XX Thousand
The growth is not only being led by commuter
vehicles, but even larger and expensive
two-wheelers are being sold in good numbers.
Royal Enfield, which sells bikes comfortably
priced upwards of USD 1,500 has seen sales grow
by over XX last year, and is now preparing to
boost its production capacity. Premium bike
makers (those selling products priced upwards of
USD 7,500 such as UKs Triumph Motorcycles and
American Harley Davidson have also been upping
their product portfolio and exposure in India.
Triumph, which entered India in 2013, has already
sold over 4,000 bikes and now has portfolio of
over 17 vehicles.
Source Goldstein Research
India's current status as the world's largest two
wheeler industry and the rapid growth of 250 cc
plus motorcycle segment have tipped the scales in
India's favour vis-a-vis China. In fact, India is
bigger than China in the two-wheeler market and
is growing faster. Both represent global
potential. The Indian customer is also younger
and better product educated than many other
markets making them a unique demographic.
Although the bulk of the growth in the higher
displacement bike segment is in the 250cc-500 cc
sweet spot, even the higher end 600 cc plus
segment is clocking significant growth.
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Global Two-Wheelers Market Attractiveness-By
Country, 2016-2024
Sample Report
CAGR ()
Market Size (USD Million)
RoAPAC
Sample
Source Goldstein Research
According to the above graph, Indian Two Wheeler
market share is anticipated to be the most
attractive market across the region, for new
entrants looking to enter in the market, existing
players looking for business expansion and
investors seeking investment opportunities over
the forecast period i.e. 2016-2024 To penetrate
fertile geographies, two wheeler manufacturers
must work with top-level distributors. These
distributors will eventually have to devise sound
marketing strategies and persuasive selling
points for two wheelers. A winning policy will
include innovative and low-cost products for
South American markets, along with high
configuration design and robust aftersales
service. Automobile businesses must also make the
investment necessary to produce a motorcycle
model suitable for each geography.
Global Two-Wheelers Market BPS Analysis- By
Country, 2016-2024
Source Goldstein Research
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Our mission is simple to develop insightful
business solutions, help our clients make
powerful future decisions to keep them well ahead
of the game which is the market, and leave a mark
across businesses and communities through our
well-defined ideas and clear cut forecasts.
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