Two-Wheeler Market Research Report 2025
Two-Wheeler Market Global Industry Analysis and Forecast (2025-2032) By Type (Scooter, Motorcycle, Moped), Fuel type (Gasoline, Petrol, Diesel, Battery), Engine Capacity (Below 100cc, 101cc to 150cc, 151cc to 250cc, 251cc to 500cc, Above 500cc), Technology (ICE, Electric) Distribution channel (Online, Offline), and Region
Two-Wheeler Market Synopsis:
Two-Wheeler Market Size Was Valued at USD 136.6 Billion in 2024, and is Projected to Reach USD 226.07 Billion by 2032, Growing at a CAGR of 6.5% from 2025-2032.
A Two-Wheeler industry is a fast-growing and dynamic industry that comprises motorcycles, scooters, mopeds, and now electric Two-Wheelers. It is a key driver of personal and commercial mobility, particularly in urban agglomerations. With affordability, convenience of mobility, and fuel efficiency, Two-Wheelers continue to be the most popular mode of transport for millions of people across the globe.
One of the main drivers of growth is urbanisation, which has resulted in deteriorating traffic congestion, and thus compact and agile vehicles are more in demand. Increased disposable incomes in emerging markets have also widened consumer availability of Two-Wheelers, and the gig economy food and parcel delivery has also increased demand. Government incentives in the form of EV subsidies and easing of regulations are also driving adoption, particularly of electric variants.With ongoing innovation, infrastructure growth, and policy support, the Two-Wheeler market is set to experience strong long-term growth, particularly as consumer preferences shift towards environmentally friendly and technology-infused mobility solutions.
Top Active Players Involved Are:
“Bajaj Auto Ltd. (India), Benelli Q.J (Italy), BMW India Private Limited (India), Ducati India Private Limited (India), Geely (Zhejiang Geely Holding Group Co., Ltd.) (China), Harley-Davidson, Inc. (USA), Hero MotoCorp Ltd. (India), Honda Motor Co., Ltd. (Japan), Kawasaki Motors Corp. (Japan), Lifan Industry (Group) Co., Ltd. (China), Lohia Auto Industries (India), Loncin Motor Co., Ltd (China), Niu Technologies (China), Okinawa Autotech Pvt. Ltd (India), Royal Enfield Ltd. (India), Suzuki Motor Corporation (Japan), TVS Motor Company Limited (India), and Other Active Players.”
Two-Wheeler Market Growth and Trend Analysis:
Growth Driver Growing Urbanization and Congestion in Traffic
- Urbanization has increased enormously over the last decade, especially in developing nations. Traffic has worsened as cities become more populated, which has forced commuters to seek faster and better means of traveling around.
- Because they can navigate through clogged city roads and reduce commute time, Two-Wheelers have become the choice of transportation for millions of commuters. They are also cheaper compared to cars in maintenance and fuel efficiency. Two-Wheelers also allow for quicker last-mile connectivity, hence ideal for congested areas, based on stories in urban mobility journals.
Limiting Factor Safety Issues and the Frequency of Accidents
- As per articles on public transportation and safety, Two-Wheelers are generally associated with higher chances of accidents although they are extremely popular. They give fewer physical protections to riders than vehicles, making them more vulnerable when involved in a collision.
- Road safety questionnaires often identify that Two-Wheelers account for a considerable portion of road fatalities in countries such as Vietnam and India. It puts off many would-be buyers for this feeling of risk, especially families and the elderly.
- These concerns are also augmented by poor road infrastructure, abusive enforcement of traffic regulations, and reckless riding. Due to this, safety remains a major barrier to the wider adoption of Two-Wheelers, particularly for prudent buyers.
Expansion Opportunity Electric Two-Wheelers' ascent and government pressure
- Electric Two-Wheelers have a rosy future considering the global movement toward ecological mobility. Governments everywhere are encouraging cleaner vehicle uptake using legislative bonuses, subsidies, and relaxed regulations. EVs are being touted as a long-term solution to increasing fuel costs and urban air pollution, news coverage and auto industry commentary report.
- Electric Two-Wheelers are evolving rapidly with intelligent offerings such as app connectivity and enhanced battery technology. A substantial growth prospect is established by the union of consumer demand and regulatory incentives.
Challenge Barrier Insufficient Infrastructure for Charging
- Lack of adequate charging infrastructure is one of the key challenges for the electric Two-Wheeler industry. The lack of supporting infrastructure is repeatedly brought to the fore in pieces in energy and transportation publications even as product propositions are on the mend.
- The problem is compounded by the absence of standardized charging standards and the slow progress of the roll out of fast-charging infrastructure. Even with more fervor, the take-up of electric Two-Wheelers will be limited without a reliable and widespread charging infrastructure. For the EV market to expand smoothly, the manufacturers and governments should collaborate and try to solve this problem urgently.
Two-Wheeler Market Segment Analysis:
Two-Wheeler Market is segmented based on Type, Fuel type, Engine capacity, Distribution channel and Region
By Fuel type, Battery-powered (electric) Segment is Expected to Dominate the Market During the Forecast Period
- During the forecasting period, battery-powered (electric) segment is expected to dominate the global Two-Wheeler market. Tighter emissions regulations, increased environmental awareness, and strong government encouragement in terms of subsidies and incentives are the key drivers behind this growth.
- The market for batteries is increasing rapidly because of the expanding charging infrastructure and expanding usage of electric scooters as a mode of metropolitan commuting and the gig economy. Over the next few years, it is thus poised to surpass more traditional fuels such as gasoline and diesel.
By Type, Motorcycle Segment Held the Largest Share in 2024
- The motorcycle segment had the highest share of the global Two-Wheeler market in 2024. Motorcycles' versatility, higher engine size, and suitability for long-distance and urban commute are the prime reasons why they dominate the market. They are widely used across Asia-Pacific, Latin America, and Africa—not just for personal use, but also for commercial and practical purposes such as rural transport and the transportation of goods.
- Motorcycles are favored where there are varied road conditions, and performance and longevity are needed, and there are more varieties of them in different price ranges, from lower to high end. As far as volume and revenue, motorcycles were the preferred choice worldwide in 2024, though scooters are rapidly gaining favor, especially with urban riders and women riders, because they are easy to use.
Source: World population review
- The chart presents a comparison of the top five countries in the world that have the highest number of motorcycles in use, measured in millions. This data is significant as it reflects transportation trends, economic conditions, infrastructure development, and cultural preferences related to two-wheeled vehicles.
Two-Wheeler Market Regional Insights:
Asia Pacific is Expected to Dominate the Market Over the Forecast Period
- Throughout the forecast period, the Asia-Pacific region is projected to dominate the global Two-Wheeler industry. tremendous population densities, rapid urbanization, and a tremendous demand for affordable, fuel-efficient personal vehicles in countries like China, India, Indonesia, Vietnam, and Thailand are the primary reasons behind this dominance.
- India, for example, boasts the largest Two-Wheeler market in the world due to a strong manufacturing base and a large consumer base comprising both rural and urban dwellers. Chinese regional growth is being further driven by the expanding usage of electric scooters and motorcycles. Increasing fuel prices, congested urban infrastructure, and government incentives towards electric vehicles are some of the primary drivers favoring Asia-Pacific's leadership in the Two-Wheeler space.
Two-Wheeler Market Active Players:
- Bajaj Auto Ltd. (India)
- Benelli Q.J (Italy)
- BMW India Private Limited (India)
- Ducati India Private Limited (India)
- Geely (Zhejiang Geely Holding Group Co., Ltd.) (China)
- Harley-Davidson, Inc. (USA)
- Hero MotoCorp Ltd. (India)
- Honda Motor Co., Ltd. (Japan)
- Kawasaki Motors Corp. (Japan)
- Lifan Industry (Group) Co., Ltd. (China)
- Lohia Auto Industries (India)
- Loncin Motor Co., Ltd (China)
- Niu Technologies (China)
- Okinawa Autotech Pvt. Ltd (India)
- Royal Enfield Ltd. (India)
- Suzuki Motor Corporation (Japan)
- TVS Motor Company Limited (India)
- Other Active Players
Key Industry Developments in the Two-Wheeler Market:
- In December 2024, Bajaj Auto had launched its flagship electric scooter series, the Chetak 35, featuring three variants with enhanced features. Industry sources noted the standout specs, including a 153 km range, 35L under-seat storage, and a TFT touchscreen with smart connectivity. The models, priced starting at ₹1.20 lakh ex-showroom Bangalore, were made available for booking both online and at dealerships.
- In September 2024, BMW Motorrad India had introduced its first electric scooter, the BMW CE 04, marking the brand’s entry into the premium EV segment. Industry observers highlighted its futuristic design, advanced technology, and urban-friendly performance. Priced at ₹14.9 lakh ex-showroom, the scooter was set to be delivered from September 2024 in select metro cities.
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Two-Wheeler Market |
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Base Year: |
2024 |
Forecast Period: |
2025-2032 |
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Historical Data: |
2018 to 2024 |
Market Size in 2024: |
USD 136.6 Bn. |
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Forecast Period 2025-32 CAGR: |
6.5% |
Market Size in 2032: |
USD 226.07 Bn. |
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Segments Covered: |
By Type |
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By Fuel type |
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By Engine Capacity |
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By Distribution channel |
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By Region |
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Growth Driver: |
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Limiting Factor |
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Expansion Opportunity |
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Challenge Barrier |
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Companies Covered in the Report: |
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Chapter 1: Introduction
1.1 Scope and Coverage
Chapter 2:Executive Summary
Chapter 3: Market Landscape
3.1 Market Dynamics and Opportunity Analysis
3.1.1 Growth Drivers
3.1.2 Limiting Factors
3.1.3 Growth Opportunities
3.1.4 Challenges and Risks
3.2 Market Trend Analysis
3.3 Industry Ecosystem
3.4 Industry Value Chain Mapping
3.5 Strategic PESTLE Overview
3.6 Porter's Five Forces Framework
3.7 Regulatory Framework
3.8 Pricing Trend Analysis
3.9 Intellectual Property Review
3.10 Technology Evolution
3.11 Import-Export Analysis
3.12 Consumer Behavior Analysis
3.13 Investment Pocket Analysis
3.14 Go-To Market Strategy
Chapter 4: Two Wheeler Market by Type (2018-2032)
4.1 Two Wheeler Market Snapshot and Growth Engine
4.2
Frequently Asked Questions
What is the Forecast Period Covered in the Two-Wheeler Market Research Report?
The projected forecast period for the Two-Wheeler Market Research Report is 2025-2032.
Who are the Key Players in the Two-Wheeler Market?
Bajaj Auto Ltd. (India), Benelli Q.J (Italy), BMW India Private Limited (India), Ducati India Private Limited (India), Geely (Zhejiang Geely Holding Group Co., Ltd.) (China), Harley-Davidson, Inc. (USA), Hero MotoCorp Ltd. (India), Honda Motor Co., Ltd. (Japan), Kawasaki Motors Corp. (Japan), Lifan Industry (Group) Co., Ltd. (China), Lohia Auto Industries (India), Loncin Motor Co., Ltd (China), Niu Technologies (China), Okinawa Autotech Pvt. Ltd (India), Royal Enfield Ltd. (India), Suzuki Motor Corporation (Japan), TVS Motor Company Limited (India), and Other Active Players, and Other Active Players.
How is the Two-Wheeler Market segmented?
The Two-Wheeler Market is segmented into Type, Fuel type, Engine capacity, Distribution channel and Region. By Type, the market is categorized into Scooter, Motorcycle, Moped. By Fuel type, the market is categorized into Gasoline, Petrol, Diesel, Battery. By Engine capacity, the market is categorized into Below 100cc, 101cc to 150cc, 151cc to 250cc, 251cc to 500cc, Above 500cc. By Distribution channel, the market is categorized into Online, Offline. By Region, it is analyzed across North America (U.S.; Canada; Mexico), Eastern Europe (Russia; Bulgaria; The Czech Republic; Hungary; Poland; Romania; Rest of Eastern Europe), Western Europe (Germany; UK; France; The Netherlands; Italy; ; Spain; Rest of Western Europe), Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC), Middle East & Africa (Türkiye, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa), South America (Brazil; Argentina, etc.).
What defines the Two-Wheeler Market?
The Two-Wheeler industry is a fast-growing and dynamic industry that comprises motorcycles, scooters, mopeds, and now electric Two-Wheelers. It is a key driver of personal and commercial mobility, particularly in urban agglomerations. With affordability, convenience of mobility, and fuel efficiency, Two-Wheelers continue to be the most popular mode of transport for millions of people across the globe.
What is the market size of the Two-Wheeler Market?
Two-Wheeler Market Size Was Valued at USD 136.6 Billion in 2024, and is Projected to Reach USD 226.07 Billion by 2032, Growing at a CAGR of 6.5% from 2025-2032.
