Latin America Two-Wheeler Market to Grow with a CAGR of 3.68% through 2030
Rising urban congestion, growing demand for affordable personal
mobility, and expansion of last-mile delivery services are the factors driving
the market in the forecast period 2026–2030.
According to TechSci Research report, “Latin America Two-Wheeler
Market – Industry Size, Share, Trends, Opportunity, and Forecast, 2020-2030F”,
The Latin America Two-Wheeler Market was valued at USD 1.82 Billion in 2024 and
is expected to reach USD 2.27 Billion by 2030 with a CAGR of 3.68% during the
forecast period.
The Latin America two-wheeler market is evolving into a dynamic mobility
ecosystem shaped by shifting employment patterns, changing consumer behavior,
and the digitalization of transport services. A significant portion of the
region’s workforce is employed in informal sectors and gig economy roles,
creating sustained demand for reliable, low-cost mobility tools. Two-wheelers
are increasingly being used as income-generating assets, especially by delivery
agents, mobile vendors, and service professionals. This functional value is
driving a surge in vehicle uptake beyond traditional personal use. In parallel,
the integration of two-wheelers into app-based logistics and e-commerce
networks is fueling demand for fleet-grade motorcycles optimized for heavy-duty
use.
Growing government attention on urban mobility reform is also
influencing the sector. Local administrations are promoting compact mobility
solutions to reduce congestion and pollution, which encourages the use of
lightweight and efficient vehicles like motorcycles and scooters. Advances in
product engineering—such as better suspension systems, ergonomic seating, and
improved safety features—are making modern two-wheelers suitable for longer,
more frequent usage. Meanwhile, the rise of mobility startups, vehicle
subscription models, and embedded digital platforms is expanding consumer
access and reshaping ownership patterns. With rising demand from both
professional and personal user segments, the two-wheeler market in Latin
America is undergoing a shift toward purpose-driven, tech-enabled mobility
solutions.
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in-depth TOC on "Latin America Two-Wheeler Market"
Latin
America Two-Wheeler Market Is Segmented by Vehicle Type, Propulsion Type, and Country.
In 2024, electric
two-wheelers registered the fastest growth in the Latin America market, driven
by a combination of environmental reforms, rising operational costs of
fuel-powered vehicles, and evolving consumer attitudes toward sustainable
mobility. Significant improvements in battery efficiency, charging speed, and
vehicle design made electric scooters and motorcycles more appealing for daily
use. Manufacturers introduced competitively priced models targeting both
individual riders and fleet operators, helping expand the addressable market.
Increased integration with digital platforms and fleet management systems also
positioned electric two-wheelers as efficient tools for last-mile delivery and
shared mobility services. Infrastructure advancements, including wider
deployment of public charging points and battery-swapping stations, supported
greater adoption across urban centers. Financial incentives, reduced
registration fees, and low-interest financing options made electric variants
more accessible to a broader audience. The growing perception of electric
two-wheelers as modern, low-maintenance, and cost-saving alternatives further
fueled their adoption.
Colombia stood out as the
fastest-growing country in the electric two-wheeler segment during 2024. The
surge was driven by local government initiatives focused on reducing urban
emissions, which favored low- and zero-emission vehicles for personal and commercial
use. Rising environmental awareness among consumers, coupled with targeted
policy support, created favorable conditions for market expansion. Electric
scooters and motorcycles gained traction not only among individual commuters
but also among gig economy and delivery workers. The country’s temperate
climate, dense urban layout, and shorter average travel distances made it
well-suited for electric mobility. As a result, Colombia recorded the sharpest
percentage increase in electric two-wheeler adoption across the region,
underscoring its growing role in reshaping mobility preferences.
Major Market
Players Operating in Latin America Two-Wheeler Market Are:
- Hero
MotoCorp Limited
- Bajaj
Auto Ltd
- Yamaha
Motor Co., Ltd
- Piaggio
& C. S.p.A
- TVS
Motor Company Limited
- Harley
Davidson
- Suzuki
Motor Corporation
- Kawasaki
Heavy Industries, Ltd
- Honda
Motor Co., Ltd
- BMW
Motorrad
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“The Latin America two-wheeler
market is evolving beyond just personal transportation—it's becoming a lifeline
for economic activity, especially with the rise of delivery services and
independent mobility needs. What’s fascinating is how motorcycles and scooters
are no longer just about affordability—they’re now part of a larger ecosystem
that includes digital platforms, electric mobility, and flexible ownership
models. The shift toward electric two-wheelers and connected features reflects
a deeper change in how people across the region view mobility—as something
smarter, more sustainable, and increasingly tied to livelihood.”, said Mr.
Karan Chechi, Research Director of TechSci Research, a research-based global
management consulting firm.
“Latin America Two-Wheeler
Market – Size, Share, Trends, Opportunity, and Forecast, Segmented By Vehicle
Type (Scooter/Moped, Motorcycle), By Propulsion Type (ICE, Electric), By
Country, By Competition, 2020-2030F”, assesses the market's future
growth potential and provides data on market size, trends, and forecasts. It
aims to offer comprehensive market insights, helping decision-makers make
informed investment choices. The report also highlights emerging trends, key
drivers, challenges, and opportunities in the Latin America Two-Wheeler Market.
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