India Two-Wheeler Market Size, Share, Growth Surge, Industry Outlook, Leading Segments and Report by 2033

IMARC Group, a leading global market research and consulting company, has recently released a comprehensive report titled "India Two-Wheeler Market Size, Share, Trends, and Forecast by Type, Technology, Transmission, Engine Capacity, Fuel Type, End-User, and Region, 2025-2033." The study offers a profound analysis of the industry, encompassing market share, size, growth factors, key trends, and regional insights.

Market Growth and Outlook: According to the latest analysis by IMARC Group, the India two-wheeler market size was valued at 24.9 Million Units in 2024.

Looking ahead, the market is projected to witness substantial growth, reaching 92.0 Million Units by 2033, exhibiting a robust Compound Annual Growth Rate (CAGR) of 15.64% during the forecast period of 2025–2033.

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Factors Driving the India Two-Wheeler Market: The market is witnessing strong growth primarily due to the country's need for affordable personal mobility and evolving consumer lifestyles.

• Growing Urbanization and Affordability: Rapid urbanization and the increasing need for affordable personal transportation are primary drivers, with two-wheelers offering a practical solution for navigating congested city traffic.
• Government Incentives and EV Adoption: Favorable government policies, such as FAME II subsidies and state-level incentives, are accelerating the adoption of electric two-wheelers, making them a cost-effective and eco-friendly alternative.
• Improved Infrastructure and Connectivity: Better road networks and connectivity between cities and rural towns are boosting demand for both daily commuting and long-distance travel.
• E-commerce and Logistics Boom: The rapid expansion of e-commerce and hyperlocal delivery services has significantly increased the demand for two-wheelers in commercial fleets for last-mile delivery.
• Availability of Financing Options: Easy access to financing, digital loan approvals, and attractive EMI schemes have made two-wheeler ownership more accessible to a broader population, including those in rural areas.

Key Industry Trends: The report highlights several transformative trends shaping the future of the two-wheeler industry in India:

• Shift Towards Electric Mobility: There is a significant shift towards electric two-wheelers (E2Ws) driven by environmental awareness, lower running costs, and government support. The market is seeing a surge in E2W launches with improved battery range and performance.
• Premiumization and Lifestyle Riding: Demand for premium motorcycles (250cc–650cc) is rising, fueled by increasing disposable incomes and a growing culture of leisure and adventure touring among young professionals.
• Integration of Advanced Features: Modern two-wheelers are increasingly equipped with advanced features like Bluetooth connectivity, GPS navigation, digital instrument clusters, and safety features like ABS and traction control, enhancing the overall rider experience.
• Expansion of Organized Pre-Owned Market: The pre-owned two-wheeler market is becoming more organized, with digital platforms offering certified vehicles, transparency, and warranty options, attracting budget-conscious buyers.
• Focus on Women Riders: Manufacturers are launching lightweight scooters with trendy designs, better storage, and improved handling to cater specifically to the growing segment of female riders.

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Comprehensive Market Report Highlights & Segmentation Analysis:

The market report offers a comprehensive analysis of the segments, highlighting those with the largest India two-wheeler market share. It includes forecasts for the period 2025-2033 and historical data from 2019-2024 for the following segments.

Type Insights:

• Scooters 
• Mopeds 
• Motorcycles (Dominant Segment) 
• Electric Two-Wheelers

Technology Insights:

• ICE (Internal Combustion Engine) (Dominant Segment)
• Electric

Transmission Insights:

• Manual (Dominant Segment)
• Automatic

Engine Capacity Insights:

• <100cc
• 100-125cc (Dominant Segment)
• 126-180cc
• 181-250cc
• 251-500cc
• 501-800cc
• 801-1600cc
• >1600cc

Fuel Type Insights:

• Gasoline
• Petrol (Dominant Segment)
• Diesel
• LPG/CNG
• Battery

End-User Insights:

• Personal (Dominant Segment)
• Commercial

Breakup by Distribution Channel:

• Offline Channels (Dominant Segment)
• Online Channels

Regional Insights:

• North India
• West and Central India (Dominant Region)
• South India
• East India

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Competitor Landscape: The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant.

Key players include: 

• Bajaj Auto Limited
• Hero MotoCorp Ltd
• Honda Motorcycle and Scooter India Pvt. Ltd.
• India YAMAHA Motor Pvt. Ltd
• Royal Enfield
• Suzuki Motorcycle India
• TVS Motor Company

Other key areas covered in the report:

• COVID-19 Impact on the Market
• Porter’s Five Forces Analysis
• Strategic Recommendations
• Market Dynamics
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain Analysis 
• Comprehensive Mapping of the Competitive Landscape 
• Top Winning Strategies
• Recent Industry News
• Key Technological Trends & Development

Frequently Asked Questions:

Q1. What was the size of the India two-wheeler market in 2024?

A1. The market reached a volume of 24.9 Million Units in 2024.

Q2. What is the forecast for the market by 2033?

A2. It is expected to grow to 92.0 Million Units by 2033, with a CAGR of 15.64% during 2025–2033.

Q3. Which vehicle type dominates the market?

A3. Motorcycles currently hold the largest market share due to their affordability, fuel efficiency, and suitability for diverse road conditions.

Q4. What is the status of electric two-wheelers in India?

A4. The electric two-wheeler segment is growing rapidly, driven by government subsidies (FAME II) and rising fuel prices, with a projected high growth rate in the coming years.

Q5. Who are the key players in the Indian two-wheeler market?

A5. Major players include Hero MotoCorp, Honda Motorcycle and Scooter India, TVS Motor Company, Bajaj Auto, and Royal Enfield.

Q6. Which region holds the largest market share?

A6. West and Central India currently accounts for the largest market share, driven by industrial growth and strong consumer demand.

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Sources: IMARC Group

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