Africa Two-Wheeler Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 3.69 Billion |
| Market Size (2029) | USD 5.94 Billion |
| CAGR (2024 - 2029) | 10.03 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Africa Two-Wheeler Market Analysis
The Africa Two-Wheeler Market size is estimated at USD 3.69 billion in 2024, and is expected to reach USD 5.94 billion by 2029, growing at a CAGR of 10.03% during the forecast period (2024-2029).
The African two-wheeler market is being driven by several factors, such as rising demand for two-wheelers for daily commuting, increasing road congestion and traffic, growing urbanization, and a decline in dependable public transportation, which have resulted in the rapid growth of non-conventional modes of public transportation, such as motorcycle taxis, resulting in the rapid growth of the market.
The COVID-19 pandemic hindered the African two-wheeler market by resulting in a production slowdown. As all countries in the region were in lockdown, a combination of demand and supply issues plagued the two-wheeler market. However, as situations returned to normalcy, the demand for two-wheelers and electric mobility also gained momentum. For instance,
- In October 2023, Honda Motors updated its iconic dual-sport motorcycle, the Honda Africa Twin. As a result, the company started selling two variants of the motorcycle, the CRF1100L Africa Twin and the Africa Twin Adventure Sports, both having undergone an extensive update for a better ride experience.
Further, the lack of public transportation in these developing countries has fueled a surge in demand for motorcycle taxis, as well as a desire for two-wheelers for the same purpose. Increased penetration of Chinese and Indian low-cost two-wheelers in the African two-wheeler market via two-wheeler importers is also providing buyers with additional options, which is projected to favorably influence the market during the forecast period. For instance,
- In January 2022, TVS Motor Company announced the launch of its motorcycle TVS Star HLX 150 Disc Variant in Egypt. The company aims to provide an appealing personal mobility option to Egyptian commuters in both rural and urban areas. The all-new TVS Star HLX 150cc Disc variant will join the company's Egyptian two-wheeler market portfolio, offering unique propositions such as high durability, comfort, and other appealing attributes.
Africa Two-Wheeler Market Trends
Electric Segment Expected to be the Fastest-growing Segment
The electric two-wheeler market in Africa is currently very niche but is the fastest-growing segment in the region's EV market, primarily due to its suitability for the continent's unique economic and geographic landscape. Factors contributing to this rapid growth include the high cost and limited availability of four-wheel electric vehicles, making two-wheelers a more accessible and affordable option.
Additionally, the widespread use of two- and three-wheelers for transportation and delivery services in urban and rural areas alike amplifies the potential for electric models. Governments and private sector initiatives across Africa are also increasingly supporting the shift toward electric mobility, further accelerating the adoption of electric two-wheelers.
- Kenya, for example, aims for 5% of all newly registered vehicles to be electric by 2025, with a notable focus on the two- and three-wheeler segment.
- Rwanda is implementing policies such as reduced electricity tariffs for EVs and zero VAT on EV consumables.
However, the growth of e-mobility in Africa faces challenges like low demand for EVs, lack of supportive regulatory frameworks, and inadequate charging infrastructure. Despite these challenges, the market for electric two-wheelers in the region is expected to witness significant growth during the forecast period, owing to ongoing developments and governmental support for sustainable transportation.
South Africa is the Largest Market for Two-wheelers in the African Market
South Africa is the leading market for two-wheelers in Africa. The country has a relatively well-developed transportation infrastructure compared to other African nations. Additionally, the presence of a sizeable middle-income population group has fueled the demand for affordable and convenient modes of personal transportation, particularly in urban areas.
Two-wheelers, such as motorcycles and scooters, provide a cost-effective and agile solution for commuting and navigating through traffic congestion. Additionally, the thriving tourism industry in South Africa has also contributed to the popularity of two-wheelers as a preferred means of exploration for visitors.
Sociocultural factors have also played a significant role in the widespread acceptance of two-wheelers in South Africa. The country's diverse population, with a significant youth demographic, has embraced the concept of two-wheelers as a symbol of independence and mobility. The relatively dry and temperate climate in many parts of South Africa also makes two-wheeler riding more appealing compared to other African regions. Furthermore, the growth of ride-hailing and delivery services has created new economic opportunities, fueling the demand for two-wheelers among entrepreneurs and gig workers.
Moreover, the country is also witnessing a surge in e-mobility owing to growing consumer awareness and governmental support. Additionally, the players in the market are also engaged actively in investments related to their electric two-wheeler product portfolios.
Africa Two-Wheeler Industry Overview
TVS Motor Company Limited, Honda Motor Company Limited, Bajaj Auto Ltd, Hero MotoCorp Ltd, Suzuki Motor Corporation, Yamaha Motor Co. Ltd, Lifan Technology (Group) Co. Ltd, Honda Motor Company Ltd, Sanyang Motor Co. Ltd, and Kwang Yang Motor Co. Ltd are some of the major players operating in the African two-wheeler market.
These players are significantly engaged in launching new products in the market studied. For instance, in September 2023, Uber announced the launch of its first electric motorcycle taxis in the Kenyan capital, Nairobi. The company's decision came after the Kenyan government's announcement to roll out electric vehicles nationwide as part of its green mobility scheme.
Africa Two-Wheeler Market Leaders
Yamaha Motor Co., Ltd
Suzuki Motor Corporation
TVS Motor Company
Bajaj Auto Ltd
Hero MotoCorp Ltd
*Disclaimer: Major Players sorted in no particular order
Africa Two-Wheeler Market News
- November 2023: TVS announced the launch of the TVS NEO AMI across all TVS partner showrooms in Guinea, Mali, the Ivory Coast, Burkina Faso, Togo, Ghana, Senegal, Benin, Nigeria, the DR Congo, the PR Congo, Chad, the Central African Republic, and Niger. The model consists of a well-tuned 124.8 CC 4-stroke 3-valve single-cylinder with an air-cooled SOHC (single overhead camshaft) fuel-injected engine.
- August 2023: After having received new financing of USD 63 million, African startup Spiro announced its plan to expand its leasing of electric scooters and motorcycles to Kenya and Uganda. The company was already present then in Benin, Togo, and Rwanda.
- March 2023: TVS Motor Company launched six new two-wheeler products in Ghana. The seven new products include Bebek - TVS Neo NX, three variants of the TVS HLX series (TVS HLX 125, TVS HLX 150 & TVS HLX 150X), and the TVS Apache 180. The products are designed specifically for the demands and requirements of the African market.
Africa Two-Wheeler Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.1.1 Population Growth and Improving Economic Conditions Driving the Market
4.2 Market Restraints
4.2.1 Limited Purchasing Power and Lack of Proper Financing Options Act as Challenges
4.3 MARKET COMPETITIVENESS - Porter's Five Forces' Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION (Market Size by Value USD million)
5.1 Vehicle Type
5.1.1 Motorcycles
5.1.2 Scooters/Mopeds
5.2 Propulsion Type
5.2.1 Conventional
5.2.2 Electric
5.3 Engine Capacity
5.3.1 Up to 125cc
5.3.2 126-250cc
5.3.3 251-500cc
5.3.4 Above 500cc
5.4 Country
5.4.1 South Africa
5.4.2 Morocco
5.4.3 Algeria
5.4.4 Egypt
5.4.5 Nigeria
5.4.6 Ghana
5.4.7 Kenya
5.4.8 Rest of Africa
6. COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles
6.2.1 TVS Motor Company Limited
6.2.2 Honda Motor Company Limited
6.2.3 Bajaj Auto Ltd
6.2.4 Hero MotoCorp. Ltd
6.2.5 Suzuki Motor Corporation
6.2.6 Yamaha Motor Co. Ltd
6.2.7 Lifan Technology (Group) Co. Ltd
6.2.8 Honda Motor Company Ltd
6.2.9 Sanyang Motor Co. Ltd
6.2.10 Kwang Yang Motor Co. Ltd
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 THE EXPANSION OF E-COMMERCE AND DELIVERY SERVICES PRESENTS GROWTH OPPORTUNITIES
8. MARKET SIZE AND FORECAST IN TERMS OF VOLUME
Africa Two-Wheeler Indsutry Segmentation
A two-wheeler is a vehicle that runs on two wheels. As with single-track vehicles, the two wheels can be arranged in tandem, one behind the other.
The African two-wheeler market is segmented by vehicle type, propulsion type, engine capacity, and country. By vehicle type, the market is segmented into motorcycles and scooters/mopeds. By propulsion type, the market is segmented into conventional and electric. By engine capacity, the market is segmented into up to 125cc, 126cc-250cc, 251cc-500cc, and above 500cc. By country, the market is segmented into South Africa, Morocco, Algeria, Egypt, Nigeria, Ghana, Kenya, and the Rest of Africa. The report offers market size and forecasts for all the above segments in terms of value (USD).
| Vehicle Type | |
| Motorcycles | |
| Scooters/Mopeds |
| Propulsion Type | |
| Conventional | |
| Electric |
| Engine Capacity | |
| Up to 125cc | |
| 126-250cc | |
| 251-500cc | |
| Above 500cc |
| Country | |
| South Africa | |
| Morocco | |
| Algeria | |
| Egypt | |
| Nigeria | |
| Ghana | |
| Kenya | |
| Rest of Africa |
Africa Two-Wheeler Market Research FAQs
How big is the Africa Two-Wheeler Market?
The Africa Two-Wheeler Market size is expected to reach USD 3.69 billion in 2024 and grow at a CAGR of 10.03% to reach USD 5.94 billion by 2029.
What is the current Africa Two-Wheeler Market size?
In 2024, the Africa Two-Wheeler Market size is expected to reach USD 3.69 billion.
Who are the key players in Africa Two-Wheeler Market?
Yamaha Motor Co., Ltd, Suzuki Motor Corporation, TVS Motor Company, Bajaj Auto Ltd and Hero MotoCorp Ltd are the major companies operating in the Africa Two-Wheeler Market.
What years does this Africa Two-Wheeler Market cover, and what was the market size in 2023?
In 2023, the Africa Two-Wheeler Market size was estimated at USD 3.32 billion. The report covers the Africa Two-Wheeler Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Africa Two-Wheeler Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Africa Two-Wheeler Industry Report
Statistics for the 2024 Africa Two Wheeler market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Africa Two Wheeler analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
