Global Two-wheeler Growth Outlook 2024

Global Two-wheeler Growth Outlook 2024

Electrification, Disruptive Tech, and Adventure Appeal Fuel the Industry s Growth Trajectory

RELEASE DATE
17-May-2024
REGION
Global
Deliverable Type
Market Outlook
Research Code: MH43-01-00-00-00
SKU: AU_2024_721
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Description

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

Table of Contents

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

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
More Information
Deliverable Type Market Outlook
Author Shradha Manjrekar
Industries Automotive
No Index No
Is Prebook No
Podcast No
Predecessor PE90-01-00-00-00
WIP Number MH43-01-00-00-00