India Two Wheeler Market 2023 | Industry Trends and Forecast 2028

According to the latest report by IMARC Group, titled  “ India Two Wheeler Market : Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028, ” The study provides a detailed analysis of the industry, including the two wheeler market share in india , size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advances in the market.

Report Highlights:

How big is the India two-wheeler market?

The India two-wheeler market size reached a volume of 18 Million Units in 2022. Looking forward, IMARC Group expects the market to reach a volume of 48.1 Million Units by 2028, exhibiting a growth rate (CAGR) of 17.80% during 2023-2028.

What is two-wheeler?

Two wheelers refer to vehicles such as motorcycles, bicycles, mopeds, scooters, etc. They can be manual or operated on electric- and fuel-based motors. Two wheelers have several benefits over three or four-wheeled vehicles, including maneuverability, higher fuel efficiency, cost-effectiveness, lower carbon emissions, etc. Additionally, they reduce dependency on public transit systems and decrease travel time.

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What are the growth prospects and trends in the India two-wheeler industry?

The escalating levels of urbanization coupled with the inflating disposable incomes of the consumers are primarily augmenting the growth of India two wheeler market. In addition to this, the improving living standards and the growing number of female drivers are also driving the sales of two-wheelers in the country. Besides this, the increasing environmental awareness towards high vehicular pollution from heavy-duty automobiles is further creating a positive outlook for the market. Apart from this, the soaring popularity of electric and hybrid two-wheelers that emit lower carbon emissions is acting as a significant growth-inducing factor. Furthermore, the expanding tourism industry is fueling the requirement for two-wheeler rentals, thereby stimulating the product demand in the country. Additionally, the emergence of several advanced technologies,

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Vehicle Type:

Breakup by Engine Capacity:

Breakup by Region:

Who are the key players operating in the industry?

The report covers the major market players including:

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