Two-Wheeler Market Set to Surge to USD 245.9 Billion by 2033 at a 6.25% CAGR

Market Overview:

The two-wheeler market is experiencing rapid growth, driven by urbanization and traffic congestion, rising demand for electric two-wheelers, and growing disposable incomes. According to IMARC Group's latest research publication, "Two-Wheeler Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2025-2033", The global two-wheeler market size reached USD 138.6 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 245.9 Billion by 2033, exhibiting a growth rate (CAGR) of 6.25% during 2025-2033. 

This detailed analysis primarily encompasses industry size, business trends, market share, key growth factors, and regional forecasts. The report offers a comprehensive overview and integrates research findings, market assessments, and data from different sources. It also includes pivotal market dynamics like drivers and challenges, while also highlighting growth opportunities, financial insights, technological improvements, emerging trends, and innovations. Besides this, the report provides regional market evaluation, along with a competitive landscape analysis.

Download a sample PDF of this report: https://www.imarcgroup.com/two-wheeler-market/requestsample

Our report includes: 

• Market Dynamics
• Market Trends And Market Outlook
• Competitive Analysis
• Industry Segmentation
• Strategic Recommendations

Growth Factors Driving the Two-Wheeler Industry

• Urbanization and Traffic Congestion:

Rapid urbanization is pushing people toward two-wheelers as a practical way to navigate crowded cities. With over half the world’s population now living in urban areas, two-wheelers offer a nimble solution to traffic jams and limited parking. In India alone, two-wheeler sales hit 18 million units in the latest financial year, reflecting their role as a go-to transport option. Their compact size and ability to zip through congested streets make them ideal for daily commutes. Plus, they’re often more affordable than cars, appealing to young, urban professionals. Governments are also supporting this shift by improving road infrastructure, which boosts two-wheeler accessibility. This trend is especially strong in Asia-Pacific, where cities like Delhi and Jakarta see heavy reliance on scooters and motorcycles for efficient mobility.

• Rising Demand for Electric Two-Wheelers:

The push for greener transport is fueling demand for electric two-wheelers. Consumers are drawn to their lower running costs and eco-friendly nature, especially as fuel prices climb. In India, electric two-wheeler sales reached 2.07 million units recently, driven by government incentives like the Electric Mobility Promotion Scheme 2024, which makes EVs more affordable. Manufacturers like Hero MotoCorp and Ola Electric are rolling out models like the Hero Electric and S1X, with ranges up to 151 km. Advancements in battery tech are also improving performance, easing concerns about range and charging times. As urban air pollution worsens, with two-wheelers contributing over 20% of CO2 emissions in some cities, the shift to electric models is a game-changer for sustainable mobility.

• Growing Disposable Incomes:

Rising disposable incomes, especially in emerging markets, are making two-wheelers more accessible. In India, the middle class is expanding rapidly, with millions gaining the financial power to buy vehicles. This has driven sales to 17.8 million units recently, as people see two-wheelers as affordable, convenient transport. Financing options and low-interest loans are also making purchases easier, particularly for young buyers. Companies like Bajaj Auto and TVS Motor are tapping into this by offering budget-friendly models like the Pulsar and Jupiter, catering to diverse income levels. In rural areas, better crop prices and government schemes are boosting purchasing power, further driving demand. This economic uplift is helping two-wheelers remain a top choice for personal mobility across various demographics.

Trends in the Global Two-Wheeler Market

• Electrification of Two-Wheeler Models:

The shift to electric two-wheelers is reshaping the industry as manufacturers prioritize sustainability. Companies like Honda and Ather are launching models like the Activa e and Rizta, with over 4.7 million units sold in China alone recently. These vehicles offer zero tailpipe emissions, appealing to eco-conscious riders. Governments are backing this trend with subsidies, like India’s FAME II program, which has boosted electric scooter sales. Improved battery tech now delivers ranges up to 150 km, making EVs practical for daily use. Startups like Dat Bike in Vietnam are also gaining traction with affordable electric scooters. This trend is transforming urban mobility, reducing pollution, and aligning with global carbon neutrality goals, especially in high-traffic regions like Asia-Pacific and Europe.

• Integration of Smart Features:

Two-wheelers are getting smarter with tech like GPS navigation, connectivity, and advanced safety systems. For example, BMW Motorrad’s latest models include touchscreen displays and smartphone integration, enhancing rider experience. Over 30% of premium motorcycles now feature anti-lock braking systems (ABS), improving safety. In India, TVS’s Ntorq scooter offers Bluetooth-enabled dashboards, letting riders track calls and navigation. These features attract tech-savvy consumers, especially younger riders. Manufacturers are also adding diagnostic tools to predict maintenance needs, cutting downtime. This trend is growing fast in Europe, where countries like Germany and the UK see demand for connected vehicles. As digital integration becomes standard, it’s making two-wheelers more appealing and practical for modern lifestyles.

• Rise of Shared Mobility Solutions:

Shared electric two-wheeler services are booming, especially in urban hubs. Companies like Yulu and Lime are rolling out e-scooter sharing in cities like London and Dubai, with the market hitting $1.9 billion recently. These services cater to last-mile needs, offering a cheap, green alternative to cars. In the UK, 16% of households now have access to e-bikes, driven by city-backed programs. High smartphone penetration makes app-based access easy, while designated parking zones streamline operations. This trend reduces urban congestion and emissions, aligning with sustainability goals. In India, Ola’s bike-sharing services are gaining popularity, showing how shared mobility is reshaping transport. As cities invest in micro-mobility infrastructure, this trend is set to grow, offering flexible commuting options.

Buy Full Report: https://www.imarcgroup.com/checkout?id=6618&method=1670

Leading Companies Operating in the Global Two-Wheeler Industry:

• Harley Davidson
• Hero MotoCorp Ltd.
• Honda Motor Co., Ltd.
• Suzuki Motor Corporation
• Yamaha Motor Co., Ltd.

Two-Wheeler Market Report Segmentation:

By Type:

• Scooters
• Mopeds
• Motorcycle
• Electric Two-Wheeler

Motorcycle exhibits a clear dominance in the market due to its versatility, affordability, and wide range of models catering to diverse user needs.

By Technology:

• ICE
• Electric

ICE represents the largest segment attributed to its well-established infrastructure, high performance, and cost-effectiveness compared to emerging alternatives.

By Transmission:

• Manual
• Automatic

Manual accounts for the majority of the market share owing to its lower cost, simplicity, and better control over vehicle performance.

By Engine Capacity:

• 1600cc

100-125cc hold the biggest market share. It balances power, fuel efficiency, and affordability, catering to a broad spectrum of users.

By Fuel Type:

• Gasoline
• Petrol
• Diesel
• LPG/CNG
• Battery

Petrol exhibits a clear dominance in the market accredited to its widespread availability, established supply chain, and compatibility with the majority of two-wheelers.

By End-User:

• Personal
• Commercial

Personal represents the largest segment, as two-wheelers are primarily used for personal mobility for offering convenience and affordability.

By Distribution Channel:

• Offline Channels
• Online Channels

Offline channels hold the biggest market share, driven by the rising preference for physical inspections, test rides, and immediate purchase processes offered by dealerships.

Regional Insights:

• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa

Asia Pacific dominates the market owing to the essential role of two-wheelers in daily transportation within densely populated cities.

Research Methodology:

The report employs a comprehensive research methodology, combining primary and secondary data sources to validate findings. It includes market assessments, surveys, expert opinions, and data triangulation techniques to ensure accuracy and reliability.

Note: If you require specific details, data, or insights that are not currently included in the scope of this report, we are happy to accommodate your request. As part of our customization service, we will gather and provide the additional information you need, tailored to your specific requirements. Please let us know your exact needs, and we will ensure the report is updated accordingly to meet your expectations.

About Us:

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

Contact Us:

IMARC Group

134 N 4th St. Brooklyn, NY 11249, USA

Email: sales@imarcgroup.com

Tel No:(D) +91 120 433 0800

United States: +1-631-791-1145