Asia-Pacific Two-Wheeler Market to register growth CAGR of 9.27% until 2029

The growing acceptance of electric vehicles and surge in purchasing power is expected to boost the demand for the Asia Pacific Two-Wheeler market over the forecast period, 2025-2029.

According to TechSci Research report, “Asia Pacific Two-Wheeler Market – By Country, Competition, Forecast & Opportunities, 2019-2029F”, the Asia Pacific Two-Wheeler market was valued at USD 70.23 Billion in 2023 and is expected to reach USD 119.55 Billion by 2029 with a CAGR of 9.27% during the forecast period. The two-wheeler market in Asia Pacific is experiencing steady growth, driven by increasing disposable incomes, the demand for more affordable transportation solutions, and the need for efficient mobility in densely populated regions. As cities grow, many consumers are turning to two-wheelers for their ability to navigate through heavy traffic, lower purchase costs, and lower maintenance costs. Technological innovations, especially in electric two-wheelers, are further accelerating the growth of the market. Governments are implementing stricter emission standards, encouraging the adoption of electric models through financial incentives, and the development of charging networks. As urban air quality becomes a concern, many consumers are turning to electric two-wheelers as a cleaner alternative. Battery improvements are also enhancing the range and reliability of electric vehicles, making them an increasingly viable option for a broader range of consumers. The growth of electric two-wheelers is expected to continue as more riders seek affordable, sustainable mobility solutions in urban environments.

The Asia Pacific two-wheeler market is driven by growing urban populations and the increasing demand for affordable, convenient, and flexible transportation. As cities become more congested, two-wheelers offer an efficient alternative to cars, enabling commuters to navigate traffic more easily while benefiting from lower costs. The expanding middle class and rising disposable incomes are also contributing to the increasing affordability of motorcycles, scooters, and mopeds. Furthermore, the push for environmentally friendly transportation has accelerated interest in both electric and traditional two-wheelers, which are gaining popularity due to their economic advantages and practical benefits.

Technological progress is a significant factor propelling market growth. Electric two-wheelers are benefiting from improvements in battery technology, which have extended their range and reduced charging times. With increasing government support through incentives and stricter emission norms, electric two-wheelers are becoming more attractive to consumers seeking greener alternatives. Lower operating costs and easier maintenance have made electric vehicles a viable option for urban commuters. As infrastructure for charging stations expands and public awareness of sustainability rises, the demand for electric two-wheelers is expected to continue its upward trajectory in the coming years.

The market does face some challenges that could slow growth. The development of charging infrastructure remains a key issue, particularly in rural and less urbanized areas. While electric two-wheelers are gaining traction, high initial costs still act as a barrier to widespread adoption, despite the reduction in prices over time. The market is also highly competitive, with various players working to differentiate their offerings. Regulatory challenges and policy shifts in different countries add an element of uncertainty for manufacturers. Overcoming these hurdles will be critical to ensuring the continued success and growth of the two-wheeler market in Asia Pacific.

Browse over XX market data Figures spread through XX Pages and an in-depth TOC on the "Asia Pacific Two-Wheeler Market"

The Asia-Pacific Two-Wheeler Market is segmented into Vehicle Type, Propulsion Type, and country.

The Asia Pacific two-wheeler market is segmented into motorcycles, scooters, and mopeds, each meeting distinct consumer needs. Motorcycles, with larger engines, offer higher power, speed, and versatility, making them ideal for long distances, diverse terrains, and commercial use like delivery services. They are widely used for personal commuting and recreational purposes. Scooters, known for their compact design and fuel efficiency, are popular in urban centers where navigating through traffic is essential. Their lighter frames, ease of use, and lower maintenance costs make them especially attractive to younger consumers and women. Scooters are also increasingly used for last-mile delivery services. Mopeds, with smaller engines and minimal design, provide an economical solution for short-distance travel, especially in rural areas. They are valued for their low fuel consumption, affordability, and simplicity, making them a top choice for budget-conscious consumers. While motorcycles are favored for their power and versatility, scooters offer convenience and efficiency for urban commuting, and mopeds serve as a cost-effective transportation option. As urbanization and economic growth continue across the region, each of these vehicle types plays a crucial role in providing mobility solutions tailored to diverse consumer needs.

Based on country, Indonesia was the fastest-growing market for two-wheelers in the Asia-Pacific region in 2023, driven by increasing disposable income, a growing population, and the need for efficient transportation in congested cities. The demand for motorcycles and scooters is fueled by their affordability and flexibility, particularly in areas with limited public transport. The country is also experiencing a shift towards electric two-wheelers, supported by government incentives and expanding charging infrastructure. This growth is further bolstered by the rise of ride-hailing services and the need for cost-effective mobility solutions in both urban and rural areas.

Major market players operating in Asia Pacific Two-Wheeler market are:

•       Honda Motor Co., Ltd
•        Hero MotoCorp Ltd
•        Yadea Technology Group Co., Ltd.
•       Yamaha Motor Co., Ltd.
•         TVS Motor Company
•        Bajaj Auto Ltd.
•        Suzuki Motor Corporation
•            Jiangmen Dachangjiang Group Co., Ltd.
•         Kawasaki Motors, Ltd
•          ZHEJIANG CFMOTO POWER CO., LTD.

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“BEV two-wheelers are gaining significant traction in urban centers, driven by a growing focus on environmental sustainability and government incentives supporting clean energy solutions. With lower operating costs, and fewer maintenance requirements, electric two-wheelers are becoming increasingly appealing to city dwellers. As charging infrastructure expands and battery technology improves, BEVs are emerging as an ideal alternative for short-distance commuting. While ICE models still dominate in rural regions, BEVs are poised for significant growth in cities as infrastructure and consumer adoption continue to evolve," said Mr. Karan Chechi, Research Director of TechSci Research, a research-based global management consulting firm.

"Asia-Pacific Two-Wheeler Market By Vehicle Type (Motorcycle, Scooter & Moped), By Propulsion Type (ICE, BEV), By Country, Competition, Forecast & Opportunities, 2019-2029F”, evaluates the future growth potential of Asia Pacific 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 make sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the Asia Pacific Two-Wheeler market.

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