Africa Two-Wheeler Market to Surpass $ 10 Billion by 2022
Growing population, increasing demand for motorcycle taxis,
and inadequate & poorly developed public transportation system to drive
two-wheeler market in Africa through 2022
According to TechSci Research report, “Africa
Two-Wheeler Market By Vehicle Type, By Country, Competition Forecast
& Opportunities, 2022”, the two-wheeler market in Africa is forecast to grow at a
CAGR of 3.2% during 2017-2022. Backed by poor road connectivity, absence of
reliable public transportation system, and growing demand for an affordable and
reliable mode of transportation in the region, Africa two-wheeler market is
anticipated to register a robust growth in the coming years. Moreover,
increasing use of motorcycle taxis, popularly known as Boda Boda, for carrying
passengers and goods is anticipated to boost demand for two-wheelers in Africa during
forecast period.
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Two-wheeler market has been segmented into
two categories, namely, Motorcycles and Scooters, in Africa. Of these
categories, motorcycle segment dominated the Africa two-wheeler market in 2016,
and the maximum demand was reported for motorcycles with an engine capacity
less than 150cc. Owing to booming motorcycle taxis business in the region, the segment
is expected to maintain its dominance over the next five years as well. South
Africa was the largest market for two-wheelers in the region during 2012-2016, and
the same trend is anticipated to continue during the forecast period, on
account of growing per capita income, increasing employment opportunities, and
developing infrastructure across the country.
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“With rising population
across Africa, governments of various African countries are under pressure to
enhance their road transportation system as well as offer modes of
transportation that are affordable and reliable. Africa, is undoubtedly, one of
the key regions for two-wheelers in the world, as they are a cheap and reliable
means of transportation. In most of the African countries,
Chinese two-wheeler companies have high penetration, however, by offering
customized products and increasing the number of dealers and distributors,
several Indian companies are looking to tap the growing opportunities in Africa
two-wheeler market”, said Mr. Karan Chechi, Research Director with
TechSci Research, a research based global management consulting firm.
“Africa Two-Wheeler Market By Vehicle Type, By
Country, Competition Forecast & Opportunities, 2022” has analyzed the potential of Africa two-wheeler
market, and provides information and statistics on market structure and trends.
The report is intended to provide
cutting-edge market intelligence and help decision makers take sound investment
evaluation. The report also identifies and analyzes emerging trends
along with essential drivers and key challenges faced by the Africa
two-wheeler market.
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