Market Size of india two wheeler Industry
| Icons | Lable | Value |
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Study Period | 2016 - 2029 |
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Base Year For Estimation | 2023 |
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Market Size (2024) | USD 299.18 Billion |
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Market Size (2029) | USD 347.41 Billion |
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CAGR (2024 - 2029) | 3.03 % |
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Market Concentration | High |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
India Two Wheeler Market Analysis
The India Two Wheeler Market size is estimated at USD 299.18 billion in 2024, and is expected to reach USD 347.41 billion by 2029, growing at a CAGR of 3.03% during the forecast period (2024-2029).
- Fastest-growing Segment by Fuel Type - : A number of domestic companies are introducing their first electric two-wheeler models with alluring characteristics to attract buyers. During the projection period in 2028, the market for electric two-wheelers is anticipated to increase as a result of these innovative motorbike designs and technological advancements.
- Largest Segment by Vehicle Type - Passenger Vehicles : The presence of a large number of lithium-ion battery manufacturers and growing investment in electric power propulsion technology are driving the market growth for motorcycles.
