Latin America Two-Wheeler Market Trends, Growth Factor and Opportunity 2023-2028

According to IMARC Group’s latest report, titled “Latin America Two-Wheeler Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, the Latin America two-wheeler market size reached 10.6 Million Units in 2022. Looking forward, IMARC Group expects the market to reach 23.7 million Units by 2028, exhibiting a growth rate (CAGR) of 14.2% during 2023-2028.

Two-wheeler represents vehicles that run on two wheels, which are arranged in tandem, one behind the other. They can be of several types, such as scooters, mopeds, motorcycles, etc. Two-wheeler vehicles feature a compact design and have enhanced fuel efficiency and lower carbon emissions. They are extremely cost-effective and prove to be a versatile mode of transportation, particularly for convenient manoeuvring through congested roads. As a result, two-wheeler models are in extensive demand among consumers across Latin America.

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Latin America Two-Wheeler Market Trends:

The emerging trend of personal vehicle ownership, especially among the millennials in the region, is among the key factors driving the Latin America two-wheeler market. In line with this, the elevating number of women commuters and the development of specialized vehicle models by various leading manufacturers catering to the preferences and requirements of the women population are acting as significant growth-inducing factors.

Apart from this, the shifting preferences toward advanced and highly powered scooters and motorcycles and the introduction of new and attractive two-wheeler models integrated with the latest technologies at affordable rates are further catalyzing the market across the region. In addition to this, the rising environmental concerns and the launch of numerous initiatives and policies by the government bodies aimed at promoting the adoption of hybrid and electric vehicles for reducing emission levels and air pollution are expected to propel the Latin America two-wheeler market over the forecasted period.

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Note: In this report you will get detailed analysis of the market, growth analysis graphs, historical period analysis, forecast period analysis, major market segmentation, top leading key players of the market, table of content, list of figures, and list of tables.

Competitive Landscape with Key Players:

The competitive landscape of the industry has also been examined with some of the key players.

  • Bajaj Auto Limited (Bajaj Group)
  • Dafra Motos (Itavema S/A)
  • Honda de México S.A. de C.V. (The Honda Motor Company Ltd.)
  • Kawasaki Motors Manufacturing Corp. U.S.A. (Kawasaki Heavy Industries, Ltd.)
  • Lifan Industry (Group) Co. Ltd
  • Motomel S.A.
  • Motor Uno S A S
  • Shineray Do Brasil SA
  • Suzuki Motor Corporation
  • TVS Motor México (TVS Motor Company Limited)
  • Wanxin Group International
  • Yamaha Motor de México SA de CV (Yamaha Motor Co. Ltd.)
  • Zanella Hnos & Cia SACIFI.
  • Zongshen Automobile Industry Manufacturing Co. Ltd. (Zongshen Industry Group Co. Ltd.)

Key Market Segmentation:

The report has categorized the market based on vehicle type, fuel type, engine capacity and technology.

Breakup by Vehicle Type:

  • Motorcycle
  • Scooter
  • Moped

Breakup by Fuel Type:

  • Gasoline
  • Electric

Breakup by Engine Capacity:

  • Less than 100cc
  • 100-125cc
  • 126-250cc
  • 250-500cc
  • More than 500cc

Breakup by Technology:

  • Manual
  • Automatic

Breakup by Country:

  • Brazil
  • Mexico
  • Colombia
  • Argentina
  • Peru
  • Ecuador
  • Chile
  • Others

Ask Analyst for Customization and Explore full report with TOC & List of Figureshttps://www.imarcgroup.com/request?type=report&id=3315&flag=C

Key highlights of the report:                                                    

  • Market Performance (2017-2022)
  • Market Outlook (2023-2028)
  • Market Trends
  • Market Drivers and Success Factors
  • Impact of COVID-19
  • Value Chain Analysis
  • Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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