South America Two Wheeler Market to Cross $7 Billion Sales by 2021
Growing demand for scooters, lack public transport
infrastructure and rising young population to drive demand for two-wheelers
across South America by 2021
According to TechSci Research report, “South America Two-Wheeler Market By Type, By Country Competition Forecast &
Opportunities, 2011 – 2021”, two-wheeler market
in South America is forecast to cross $7 billion by 2021. Brazil, Colombia and
Argentina are the largest two-wheeler markets in the entire region. Growing
population in South America is one of the major factor propelling demand for
two-wheelers in the region. As per World Bank, population base countries such
as Brazil, Colombia and Argentina expanded at a CAGR of about 0.90%, 0.97% and
1.04%, respectively during 2011-2015. Moreover, GNI per capita of Paraguay,
Ecuador, Peru and Colombia exhibited a CAGR of 6.48%, 5.32%, 5.87% and 3.68%,
respectively during 2011-2015, as per the World Bank. Thus, expanding population
base and rising per capita income are the major indicators that are anticipated
to propel demand for two-wheelers in South America during the forecast period.
Browse 26 market data
Tables and 104 Figures spread through 261 Pages and an in-depth TOC on "South America
Two-Wheeler Market"
https://www.techsciresearch.com/report/south-america-two-wheeler-market-by-type-motorcycle-and-scooter-by-country-brazil-colombia-argentina-peru-ecuador-chile-venezuela-paraguay-bolivia-suriname-and-rest-of-south-america-competition-forecast-opportunities/913.html
On the basis of two-wheeler type, the market of South
America has been categorized into two segments, namely, motorcycles and scooters.
During 2015, motorcycles dominated the two-wheeler market in South America, due
to number of advantages such as quicker acceleration, better engine, larger
fuel tank and is more easy to maintain as compared to a scooter. Moreover,
motorcycle is expected to maintain its dominance in South America two-wheeler
market through 2021. Two-wheeler market in South America region is largely
concentrated in Brazil, Colombia and Argentina. Moreover, in 2015 above
mentioned countries cumulatively garnered a market share of over 78% in South
America two-wheeler market and these countries are further anticipated to
continue dominate the market during 2016-2021.
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“Growing presence of various multinational
companies such as Honda, Suzuki, Yamaha, Bajaj, BMW, Lifan and Kawasaki,
coupled with increasing penetration of domestic players such as Dafra, Motomel,
Corven, Mavilla and Zanella are expected to intensify South America two-wheeler
market in the coming years. Moreover, introduction of supplementary features in
the prominent two-wheeler models is expected to moderately increase the average
selling price of two-wheelers in the region. Therefore, escalating average
selling price and rising sales of two-wheelers are forecast to boost revenue of
South America two-wheeler market during 2016-2021.”, said Mr. Karan Chechi,
Research Director with TechSci Research, a research based global management
consulting firm.
“South America Two-Wheeler Market By Type, By Country
Competition Forecast & Opportunities, 2011 – 2021” has analyzed
the potential of two-wheeler in South America and provides statistics and
information on market sizes, shares and trends. The report will suffice in
providing intending clients with cutting-edge market intelligence and help them
in taking sound investment decisions. Besides, the report also identifies and
analyzes emerging trends along with essential drivers and key challenges faced
by the two-wheeler market in South America.
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