Two-Wheeler Market to Grow with a CAGR of 3.47% in Algeria through to 2028
The major drivers for the Algeria
Two-Wheeler Market include increasing urbanization, rising traffic congestion,
and the growing demand for cost-effective and fuel-efficient transportation
options, particularly in urban areas.
According to TechSci Research report, “Algeria Two-Wheeler
Market - Industry Size, Share, Trends, Competition Forecast &
Opportunities, 2028”, the Algeria Two-Wheeler Market stood at USD 430 Million
in 2022 and is anticipated to grow with a CAGR of 3.47% in the forecast period,
2024-2028. The Algeria Two-Wheeler Market is experiencing significant growth
driven by various factors. Firstly, the growing urban population in Algeria has
resulted in increased traffic congestion, prompting people to seek alternative
modes of transportation. Moreover, rising fuel costs have compelled consumers
to shift towards more cost-effective and fuel-efficient commuting options,
leading to a surge in demand for two-wheelers.
Furthermore, the government's emphasis on eco-friendly
transportation has further boosted the market. With increasing concerns about
environmental sustainability, the popularity of electric two-wheelers has been
on the rise. This shift towards electric vehicles aligns with the government's
push for eco-friendly transportation solutions, contributing to the overall
growth of the two-wheeler market in Algeria.
Lastly, the expansion of the Algeria Two-Wheeler
Market is also supported by improved road infrastructure and enhanced
purchasing power. The development of better roads and infrastructure
facilitates smoother and safer travel, making two-wheelers a convenient choice
for commuters. Additionally, the increase in purchasing power among Algerian
consumers has made two-wheelers more accessible, further driving market growth.
In summary, the Algeria Two-Wheeler Market is thriving
due to a combination of factors, including the growing urban population,
increasing traffic congestion, rising fuel costs, the government's focus on
eco-friendly transportation, the popularity of electric two-wheelers, improved
road infrastructure, and enhanced purchasing power.
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Two-Wheeler Market”
The Algeria Two-Wheeler market is a rapidly evolving
sector characterized by significant growth and dynamic shifts in consumer
preferences. This market encompasses a wide range of vehicles, including
motorcycles, scooters, and mopeds. One of the driving factors behind the growth
of this market is the ongoing urbanization in Algeria. As major cities like
Algiers and Oran continue to expand, traffic congestion has become a pressing
issue. Consequently, many Algerians are turning to two-wheelers as a practical
and efficient mode of transportation, allowing them to navigate through
congested urban streets with ease.
Chinese motorcycle manufacturers have established a
dominant presence in the Algerian market, with brands like Loncin, Lifan, and
Haojue enjoying substantial market share. These manufacturers have gained
popularity by offering affordable and reliable models that cater to the diverse
needs of Algerian consumers.
Environmental concerns have also left their mark on
the market. As global attention increasingly focuses on sustainability and
reduced carbon emissions, Algeria has witnessed a rising interest in electric
scooters and motorcycles. Manufacturers are responding to this demand by
gradually introducing electric models to cater to environmentally-conscious
consumers.
Government regulations have played a pivotal role in
shaping the Algerian Two-Wheeler market. Authorities have implemented
regulations aimed at improving road safety and reducing emissions. These
regulations encompass mandatory helmet use, licensing requirements, and
emissions standards for vehicles. Compliance with these regulations has become
a critical consideration for both manufacturers and riders.
To make two-wheelers more accessible to a broader
range of consumers, financing options and leasing arrangements have become
increasingly prevalent. These schemes allow consumers to purchase motorcycles
and scooters with manageable monthly payments, reducing the financial barrier
to entry.
Algeria has also imposed restrictions on the import of
fully assembled motorcycles and scooters, aiming to promote local manufacturing
and job creation. This has led to the establishment of assembly plants by some
foreign manufacturers within the country.
In recent years, the market has seen a diversification
of brands. While Chinese brands dominate, European and Japanese manufacturers
have also made inroads, providing consumers with a broader range of options in
terms of quality, design, and performance.
After-sales services, including maintenance and spare
parts availability, are critical factors influencing consumer satisfaction.
Manufacturers and dealerships are investing in building robust after-sales
service networks to ensure customer loyalty and long-term brand success.
The digitalization of the Algerian economy has not
left the two-wheeler market untouched. Online platforms and e-commerce channels
have gained popularity, allowing consumers to research, compare, and even
purchase motorcycles and scooters online, reflecting the broader global trend
towards digital commerce.
In conclusion, the Algeria Two-Wheeler market is
undergoing significant changes driven by urbanization, environmental concerns,
government regulations, and the introduction of new financing options. These
factors, coupled with a diverse product range and the emergence of online sales
channels, are shaping the landscape of the industry. However, it's essential to
note that market conditions may have evolved since my last knowledge update,
and for the most up-to-date information, consulting current sources is
advisable.
Major companies operating in Algeria Two-Wheeler
Market are:
- Honda Motor Co., Ltd.
- Hero MotoCorp Ltd.
- TVS Motor Company Ltd.
- Bajaj Auto Ltd.
- Yamaha Motor Co., Ltd.
- Suzuki Motor Corporation
- Piaggio & C. SpA
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“The major drivers for the Algeria Two-Wheeler Market
include a growing urban population, increasing traffic congestion, and rising
fuel costs. The consumer shift towards cost-effective and fuel-efficient
commuting options has led to a surge in demand for two-wheelers. Additionally,
the government's push for eco-friendly transportation and the increasing
popularity of electric two-wheelers are also contributing to market growth.
Lastly, improved road infrastructure and enhanced purchasing power provide a
conducive environment for the expansion of the Algeria Two-Wheeler Market.”
said Mr. Karan Chechi, Research Director with TechSci Research, a
research-based management consulting firm.
“Algeria Two-Wheeler Market – Algeria
Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028, Segmented Market By Vehicle Type
(Scooter/Moped, Motorcycle), By Propulsion Type (ICE and Electric), By Region, Competition”, has evaluated the future growth potential of ALGERIA
Two-Wheeler Market and provides statistics & information on market size,
structure and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions.
Besides, the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in Algeria Two-Wheeler Market.
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