Market Size of global two-wheeler Industry
| Icons | Lable | Value |
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Study Period | 2016 - 2029 |
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Market Size (2024) | USD 349.35 Billion |
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Market Size (2029) | USD 393.16 Billion |
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CAGR (2024 - 2029) | 2.39 % |
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Largest Share by Region | North America |
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Market Concentration | High |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Two-Wheeler Market Analysis
The Global Two-Wheeler Market size is estimated at USD 349.35 billion in 2024, and is expected to reach USD 393.16 billion by 2029, growing at a CAGR of 2.39% during the forecast period (2024-2029).
- Largest Segment by Vehicle Type - ICE : ICE is the largest segment for 2-wheelers due to a lack of charging infrastructure, lesser mileage per charge, and longer charging times.
- Fastest-growing Segment by Vehicle Type - Electric : Due to rising fuel prices , pollution, and favorable government initiatives, many companies are developing electric two-wheelers for the general public, propelling the electric 2-wheelers growth.
- Fastest-growing Segment by Region - Africa : The Asia-Pacific region is expected to dominate the market due to rising public awareness of the environmental benefits of electric vehicles and rising gas and diesel prices.
- Largest Segment by Country - Mexico : More than 200 motorcycle manufacturers are located in China. Growing population, expansions and demand from other countries is making China the largest two wheeler market.
