Rising demand for economical and personal means of transportation coupled with increasing female riders, improving road infrastructure and growing popularity of bank financing facilities to boost two-wheelers market in APAC
According to TechSci Research report, “APAC Two Wheeler Market By Vehicle Type (Scooter/Moped, Motorcycle), By Engine Capacity (Up to 125cc, 126cc- 250cc, 251-500cc & Above 500cc), By Country (India, China, Indonesia, Vietnam, Pakistan, Philippines, Thailand, Bangladesh, Malaysia, Japan, and Rest of the APAC), Competition, Forecast & Opportunities, 2025”, APAC two-wheeler market is forecast to grow at CAGR of 8.63% to reach USD 67.52 Billion by 2025, owing to rising demand for economical personal transportation across the region. Moreover, a tremendous rise in the per capita income of people in the APAC region over past few years has led to increasing consumer spending, which is driving demand for economical, safe and personal means of transportation. Moreover, increase in number of female riders, growing road infrastructure and rising popularity of bank financing will be the key factors responsible for the growth of two-wheelers market in APAC during the forecast period.
Browse over 44 market data Tables and 135 Figures spread through 198 Pages and an in-depth TOC on “APAC Two Wheeler Market”
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APAC two wheeler market is classified based on vehicle type, by engine capacity, and by country. Based on vehicle type, the market is segmented into scooters/mopeds and motorcycles. Scooters/Mopeds account for a majority share in APAC two wheeler market due to their automatic transmission and comfortable ride, however, the motorcycle segment is expected to grow at a faster growth rate during the forecast period.
India, China, and Indonesia are the top three demand generating countries for two wheelers in the APAC. In 2020, India, China, and Indonesia cumulatively accounted for over 75% of the APAC two wheeler market in volume terms. Two wheelers are in high demand in these countries owning to the occurrence of massive road congestions, especially in the peak hours, as a result of high population density. Moreover, these countries comprise of price sensitive consumers for whom owning a passenger car can be a costly affair, thus, two wheelers appears as the most convenient alternative because of their lower price than passenger cars.
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“In APAC two wheeler market, up to 125 cc engine capacity two wheeler segment is leading the market with a market share of around 80% in 2020 in volume terms. Owing to the availability of a wide range of up to 125 cc engine capacity two wheeler models by various brands at lower prices and better fuel economy, demand for up to 125 cc engine capacity two wheelers in APAC continues to grow.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“APAC Two Wheeler Market By Vehicle Type (Scooter/Moped, Motorcycle), By Engine Capacity (Up to 125cc, 126cc- 250cc, 251-500cc & Above 500cc), By Country (India, China, Indonesia, Vietnam, Pakistan, Philippines, Thailand, Bangladesh, Malaysia, Japan, and Rest of the APAC), Competition, Forecast & Opportunities, 2025” has evaluated the future growth potential of APAC two-wheeler market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in APAC two wheeler market.
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