Market Size of Africa Two-Wheeler Industry
| 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 |
Need a report that reflects how COVID-19 has impacted this market and its growth?
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.
