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Global Two-wheeler Growth Outlook 2024
Electrification, Disruptive Tech, and Adventure Appeal Fuel the Industry s Growth Trajectory
17-May-2024
Global
Market Outlook
MH43-01-00-00-00
AU_2024_721
The global two-wheeler (2W) industry—comprising motorcycles, scooters, and mopeds—is a dynamic space fueled by various factors. It has recorded remarkable growth in recent years, driven by the urbanization boom, rising disposable income, and personal mobility needs. In addition, legacy 2W participants are introducing new models with updated and advanced features. Another reason is the increasing popularity of adventure motorcycles among the younger generation.
However, Frost & Sullivan’s analysis indicates that the landscape is shifting. While traditional 2Ws remain popular, a significant trend is emerging—the rise of electric two-wheelers (E2Ws) due to factors like fuel price fluctuation, environmental concerns, and technological advancements.
Several leading 2W manufacturers are investing heavily in developing new electric models with better performance and features. The future of the 2W industry hinges on collaboration and innovation. Partnerships between established manufacturers, technology start-ups, and government bodies will be crucial for developing a robust 2W ecosystem, including E2W.
Thus, by embracing innovation, fostering collaboration, and addressing environmental concerns, the industry can ensure sustainable and inclusive growth in the years to come.
This analysis’ study period is 2018–2028, with 2023 as the base year and 2024–2028 as the forecast period. The global geographic scope includes Asia-Pacific, the Association of Southeast Asian Nations, South Asia, Europe, North America, Latin America, and Africa.
Important information include:
• Government regulations
• Leading industry participants and notable mergers, acquisitions, and partnerships
• Industry drivers and restraints
• Sales forecasts and analyses by region
• Trends and focus areas of 2W stakeholders
Most importantly, we provide insights and opportunities that participants can capitalize on amid the expected major shifts in the industry over the next decade as countries increasingly prioritize sustainable personal transportation to curb carbon emissions and mitigate climate change.
Author: Shraddha Ramdas Manjrekar
Highlights of the Global Two-wheeler (2W) Industry 2023
Global Two-wheeler Industry Historic Sales
Top Predictions for 2024
Regulations/Policies Impacting the 2W Industry in 2024
Notable Mergers and Acquisitions (M&As) Impacting the 2W Industry in 2024
Key OEM Partnerships Impacting the 2W Industry in 2024
Key OEM Partnerships Impacting the 2W Industry in 2024 (continued)
Key OEM Partnerships Impacting the 2W Industry in 2024 (continued)
Why Is It Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top 3 Strategic Imperatives on the Global 2W Industry
Research Scope
2W Segmentation
Global 2W Industry Segmentation
Leading Competitors in the Global 2W Industry
Growth Metrics
Growth Drivers
Growth Restraints
Forecast Assumptions
Top 10 Trends for 2024
Top 10 Growth Opportunities
Global GDP Growth
Inflation and Interest Rates
Currency Trajectory
Labor Market
Oil Markets
Critical Minerals Supplies
North America
Western Europe
Middle East
Asia
Global 2W Sales Forecast by Region
Evolution of the Global ICE 2W Industry
Global 2W Industry Profiles
Sales Performance Snapshot of Key 2W Industry Participants
Diversification and Portfolio Expansion
Integration of Connectivity and Vehicle Telematics
Circular Economy and Sustainable Practices
Digitalization: Online Sales and Marketing
Agile Financial Solution Offerings
Major E2W Regions
E2W Sales and Service Business Models
Main Trends Defining the Future of Connected E2Ws
Types of Business Entities Entering the E2W Industry
Increased Investments in E2W Start-ups Creating Growth Opportunities
Global 2W Industry Trends
Top Trends Driving the Global 2W Industry
Trend 1: Integrated Dashcams
Trend 2: Liquid-cooled Motors in E2Ws
Trend 3: Smart Helmets
Trend 4: Light Electric Off-road Motorcycles
Trend 5: Camera Sensor-based ARAS
Trend 6: Cybersecurity
Trend 7: Built-in Navigation Systems
Trend 8: ADV Motorcycles
Trend 9: Strong Hybrid Technology
Trend 10: eClutch/Smart Clutch Technology
South Asia: Analysis
South Asia: Scenario
ASEAN: Analysis
ASEAN: Scenario
APAC: Analysis
APAC: Scenario
Europe: Analysis
Europe: Scenario
North America: Analysis
North America: Scenario
Latin America: Analysis
Latin America: Scenario
Africa: Analysis
Africa: Scenario
Growth Opportunity 1: The Emergence of Flexible Fuels
Growth Opportunity 1: The Emergence of Flexible Fuels (continued)
Growth Opportunity 2: Strong Hybrid Systems for 2Ws
Growth Opportunity 2: Strong Hybrid Systems for 2Ws (continued)
Growth Opportunity 3: The Rising Popularity of Adventure Motorcycles
Growth Opportunity 3: The Rising Popularity of Adventure Motorcycles (continued)
Conclusions and Outlook
Best Practices Recognition
Frost Radar
Benefits and Impacts of Growth Opportunities
Next Steps
Take the Next Step
List of Exhibits
List of Exhibits (continued)
Legal Disclaimer
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