Two-Wheeler Market to Grow with a CAGR of 2.52% through 2030

Rising urbanization, increasing demand for affordable personal mobility, and rapid advancements in electric two-wheeler technology are the factors driving the market in the forecast period 2026–2030.

According to TechSci Research report, “Two-Wheeler Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2020-2030F”, The Global Two-Wheeler Market was valued at USD 686.88 Billion in 2024 and is expected to reach USD 797.51 Billion by 2030 with a CAGR of 2.52% during the forecast period.

The global two-wheeler market is undergoing structural evolution, influenced by changing consumer behaviors, infrastructure developments, and logistics sector dynamics. One of the most notable shifts is the rising utility of two-wheelers beyond personal commuting—such as their increased adoption in e-commerce last-mile delivery and urban goods transportation. Compact frame sizes, affordability, and time efficiency make them ideal for navigating urban logistics in densely populated cities.

Demographic shifts also play a major role, especially among younger age groups that prefer individual mobility and embrace minimalist transportation over traditional car ownership. This behavioral change is paired with growing interest in lifestyle-oriented motorcycles, particularly in developed and upper-middle-income economies where touring and recreational motorcycling are gaining momentum.

On the supply side, the expansion of localized manufacturing hubs is facilitating faster delivery timelines and reducing unit costs for OEMs. Suppliers are increasingly focusing on modular vehicle architecture, allowing flexible model development to suit varied terrain and user needs. In many emerging markets, two-wheelers are replacing conventional public transport options, especially in regions where urban transit systems are underdeveloped or overburdened.

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Two-Wheeler Market Is Segmented by Vehicle Type, Propulsion Type, and By Region.

In 2024, electric two-wheelers emerged as the fastest-growing propulsion segment within the global market, driven by a confluence of regulatory, technological, and economic factors. Rising concerns over carbon emissions and air pollution have accelerated the shift away from internal combustion engine (ICE) vehicles, pushing governments and consumers alike toward sustainable alternatives. Many countries introduced incentives such as subsidies, reduced registration fees, and tax exemptions for electric two-wheeler buyers, effectively lowering acquisition costs and encouraging first-time adoption. Parallel to this, battery technology has seen significant progress, with newer models offering improved energy density, longer ranges, and shorter charging times. This progress has helped alleviate range anxiety, a primary barrier for electric two-wheeler uptake in previous years.

Among all global regions, the Middle East & Africa recorded the fastest growth in two-wheeler adoption in 2024. Economic diversification efforts across several countries have led to increased investment in infrastructure and urban mobility solutions, where two-wheelers offer low-cost, efficient alternatives. In densely populated urban centers, traffic congestion and limited parking spaces have made two-wheelers a preferred choice among daily commuters. Furthermore, the informal economy and gig sectors particularly in delivery and transportation are growing, encouraging demand for low-maintenance and cost-effective mobility solutions. Several governments in the region have introduced regulatory frameworks supporting electric mobility, including waivers on import duties and pilot programs for electric vehicle charging networks.

Major Market Players Operating in Global Two-Wheeler Market Are:

• MotoCorp Ltd.
• 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 global two-wheeler market is really picking up pace, and it’s not just about getting from point A to B anymore,”. “We’re seeing a real shift in how people view two-wheelers whether it’s for convenience, work, or even as a lifestyle choice. With electric models gaining ground and younger consumers looking for smarter, more affordable mobility, the next few years are going to be exciting for this industry”, according to Mr. Karan Chechi, Research Director of TechSci Research, a global research-based management consulting firm.

“Two-Wheeler Market– Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Vehicle Type (Scooter/Moped, Motorcycles), By Propulsion Type (ICE, Electric), By Region & 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 Global Two-Wheeler Market.

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