Two Wheeler Market in India - 2022 Edition
The two wheeler industry in India has grown rapidly in the country since the announcement of the process of liberalization in 1991. The trend of owning two wheelers is due to a variety of facts peculiar to India. One of the chief factors is poor public transport in many parts of India. Additionally, two wheelers offer a great deal of convenience and mobility for the Indian family. According to latest analysis by Gen Consulting Company, the two wheeler market in India is projected to climb to USD 21,228 million by 2028-end, progressing at a CAGR of 5.2% during 2022-2028.
The report provides in-depth analysis and insights regarding the current global market scenario, latest trends and drivers into two wheeler market in India. It offers an exclusive insight into various details such as market size, key trends, competitive landscape, growth rate and market segments. This study also provides an analysis of the impact of the COVID-19 crisis on the two wheeler industry.
This industry report offers market estimates and forecasts of the India market, followed by a detailed analysis of the power source, product, displacement, curb weight, and maxium engine power. The India market for two wheeler can be segmented by power source: electric two wheelers, internal combustion engine (ICE) two wheelers. In 2021, the ICE two wheelers segment made up the largest share of revenue generated by the two wheeler market. Two wheeler market is further segmented by product: moped, motorcycle, scooter. Based on displacement, the two wheeler market is segmented into: 75 cc - 110 cc, 110 cc - 125 cc, 125 cc - 150 cc, others. On the basis of curb weight, the two wheeler market also can be divided into: <= 100 kg, 100 - 125 kg, 125 - 150 kg, 150 - 200 kg. Two wheeler market by maxium engine power is categorized into: 2 - 4 kW, 4 - 6 kW, 6 - 8 kW, 8 - 10 kW, > 10 kW.
By power source:
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