Africa Two-Wheeler Market by Vehicle Type (Scooter/Moped and Motorcycle), By Capacity (Up to 125cc, 126-250cc, 250-500cc, above 500cc and Electric), By End Use (Individual and Institutional) and By Country, Competition, Forecast & Opportunities, 2018-2028

Industry : Automotive
Pages : NA
Published Date : NA

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Report Description

Forecast Period	2024-2028
Market Size (2022)	USD 3.05 Billion
CAGR (2023-2028)	9.96%
Market Size (2028)	USD 5.35 Billion

Africa Two-Wheeler Market has valued at USD 3.05 Billion in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 9.96% through 2028. Africa Two-Wheeler Market is expected to generate new opportunities during the forecast years as the sales of the two-wheeler is rising in the region. Major factors that are influencing the market growth in the region is the growth in the demand of the two-wheeler taxis as a public transportation. Similarly, the rapid urbanization in the region is also leading to the growth of the two-wheeler segment in the region. The increase in the penetration of the India and China based two-wheeler companies is also leading to the increase in the market share.

Africa Two-Wheeler Market Scope

The two-wheeler market in Africa has a significant scope for growth due to several factors such as increasing population and rising urbanization. Additionally, the lack of reliable public transportation infrastructure in many African countries makes two-wheelers an attractive and practical mode of transportation for both personal and commercial use. In recent years, the African two-wheeler market has seen significant growth in sales of motorcycles, scooters, and mopeds, particularly in countries such as Nigeria, Kenya, and Egypt. This growth is driven by factors such as increasing demand for affordable and efficient transportation, expanding distribution networks, and favorable government policies. Furthermore, the expansion of e-commerce and delivery services in Africa has created a significant demand for two-wheelers, particularly in urban areas.

The Africa Two-Wheeler market is segmented on the basis of vehicle type, by capacity, by end use and by region. Based on vehicle type, the market is segmented into scooters/moped and motorcycle. Based on capacity, the market is further segmented into up to 125cc, 126-250cc, 250-500cc, above 500cc and electric. By end use, the market is further bifurcated into individual and institutional. The market analysis also studies the country-wise segmentation.

Africa Two-Wheeler Market Overview

Africa two-wheeler market is dominated by Japanese brands such as Honda, Yamaha, and Suzuki, followed by Indian brands such as Bajaj and TVS. Chinese brands such as Jialing and Lifan are also gaining popularity in the market owing to their low prices. Nigeria is the largest market for two-wheelers in Africa, followed by Egypt and South Africa. The demand for two-wheelers in these countries is driven by the high population density, traffic congestion, and the need for affordable transportation. However, the African two-wheeler market faces several challenges such as poor road safety standards, lack of financing options, and a lack of proper infrastructure for sales and service. These challenges present significant growth opportunities for companies that can provide affordable and reliable two-wheelers, as well as financing and after-sales support. Overall, the Africa two-wheeler market is expected to continue its growth trajectory in the coming years, driven by factors such as population growth, urbanization, and improving economic conditions. Similarly, E-commerce platforms such as Jumia and Kilimall are making it easier for consumers to purchase two-wheelers online, increasing accessibility to these vehicles.

Africa Two-Wheeler Market Drivers

Africa has a rapidly growing population, which is expected to reach 2.5 billion by 2050. This growth is driving demand for affordable transportation options, which two-wheelers provide. Similarly, the rapid urbanization of many African countries is creating a need for efficient and affordable modes of transportation. Two-wheelers are becoming increasingly popular in urban areas, where they can navigate through traffic and offer more flexibility than cars. The expansion of e-commerce and delivery services in Africa is driving demand for two-wheelers. Companies such as Jumia and Uber Eats are investing heavily in two-wheelers to support their operations, creating a significant market for both motorcycles and scooters. Many African governments are implementing policies to support the growth of the two-wheeler market. For example, some governments have lowered import tariffs on motorcycles, making them more affordable for consumers. Overall, the Africa two-wheeler market is expected to generate new opportunities during the forecast period.

Africa Two-Wheeler Market Trends

With rising environmental concerns and the need for sustainable transportation, the demand for electric two-wheelers is increasing in Africa. Several manufacturers have started introducing electric two-wheelers in the market, and this trend is expected to continue in the coming years and the growth of e-commerce and the need for last-mile delivery services are driving the demand for two-wheelers in Africa. Many companies are now using motorcycles and scooters for delivering goods and services, and this trend is expected to continue with the growth of the e-commerce sector. Similarly, with the high number of accidents involving two-wheelers in Africa, there is an increasing focus on safety. Several manufacturers are introducing safety features such as anti-lock braking systems and helmets, and governments are implementing regulations to improve road safety standards. Many manufacturers are introducing new models of two-wheelers in the African market, catering to different segments such as entry-level, mid-range, and premium. This is driving competition in the market and providing consumers with more options to choose from.

Africa Two-Wheeler Market Challenges

Most of the African population has limited purchasing power, making it difficult for them to afford expensive two-wheelers. As a result, low-priced motorcycles and scooters dominate the African two-wheeler market. Similarly, access to financing is a significant challenge in Africa. Many potential two-wheeler buyers cannot access financing due to high interest rates, lack of credit history, and inadequate collateral so the lack of such financing options is restricting the market growth. At the same time, high import duties and taxes increase the cost of two-wheelers, making them more expensive for consumers. There is a shortage of service and repair infrastructure for two-wheelers in many African countries, making it difficult for owners to maintain and repair their vehicles.

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Recent Developments

In 2022, TVS Motor Company launched TVS HLX 125 Gold and TVS HLX 150 Gold in Kenya, similarly the company has also launched TVS Star HLX 150 in Egypt. Similarly, other key players operating in the different regions of Africa are also launching new models and upgrading existing product lines.
Pure EV, an India-based electric two-wheeler company is planning to expand in the Africa region, with the launch of electric two-wheeler in the market. Similarly, Yulu, an India-based startup is also planning to expand its market to Africa region.

Africa Two-Wheeler Market Opportunity

Africa has a young population, with more than 60% of the population under the age of 25. This demographic is expected to be a significant driver of the two-wheeler market as younger people seek affordable and convenient transportation solutions. Moreover, several African countries are investing in infrastructure development, including road networks and transportation systems. Similarly, the African continent is experiencing rapid urbanization, with more people moving to cities in search of better economic opportunities. This trend is expected to increase the demand for two-wheelers as a convenient and affordable mode of transportation in urban areas as investment is expected to create new opportunities for the two-wheeler market.

Macro-economic factors such as high inflation rates can lead to price increase for two-wheelers, reducing their affordability and demand in the market. The Africa market is importing driven market so the exchange rates can have a significant impact on the cost of the two-wheelers as fluctuations in exchange rates can impact the pricing strategies for manufacturers.

Company Insights

Bajaj Auto Ltd. is a leading Indian two-wheeler manufacturer and the company has a significant presence in Africa and has a wide distribution network in the continent. Similarly, the TVS Motor Company has a good presence in Africa two-wheeler market and the company is witnessing the growth in the market. The company is also providing competition to the China-based players in the market. The top selling models of the company includes XL, Ntorq, Star, Apache, and Jupiter. TVS Motor Company has also planned to set up local assembly plant in Uganda to cater to the rising demand of the two-wheelers.

Company Profiles

Bajaj Auto Ltd.,
TVS Motor Company Limited,
Yamaha Motor Co., Ltd,
Hero MotoCorp Ltd,
Honda Motor Co, Ltd,
Kwang Yang Motor Co., Ltd,
Suzuki Motor Corporation,
Sanyang Motor Co., Ltd,
Lifan Motors,
Luoyang Northern EK Chor Motorcycle Co., Ltd.

These are the leading companies operating in the Africa two-wheeler market.

Attribute	Details
Base Year	2022
Historical Years	2018 – 2022
Estimated Year	2023
Forecast Period	2024 – 2028
Quantitative Units	Revenue in USD Billion, Volume in Thousand Units, and CAGR for 2018-2022 and 2023-2028
Report Coverage	Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends
Segments Covered	By Vehicle Type By Capacity By End Use By Region
Regional Scope	Africa
Country Scope	Egypt, Nigeria, Kenya, Angola, Morocco, Ethiopia, South Africa, Uganda
Key Companies Profiled	Bajaj Auto Ltd., TVS Motor Company Limited, Yamaha Motor Co., Ltd., Hero MotoCorp Ltd, Honda Motor Co., Ltd., Kwang Yang Motor Co., Ltd, Suzuki Motor Corporation, Sanyang Motor Co., Ltd, Lifan Motors and Luoyang Northern EK Chor Motorcycle Co., Ltd.
Customization Scope	10% free report customization with purchase. Addition or alteration to country, regional & segment scope.
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Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request)

Report Scope:

In this report, Africa Two-Wheeler Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

· Two-Wheeler Market, By Vehicle Type:

Scooter/Moped
Motorcycle

Two-Wheeler Market, By Capacity:

Up to 125cc
126-250cc
250-500cc
Above 500cc
Electric

Two-Wheeler Market, By End Use:

Individual
Institutional

Two-Wheeler Market, By Country:

Egypt
Nigeria
Kenya
Angola
Morocco
Ethiopia
South Africa
Uganda

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Africa Two-wheeler Market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Table of content

1. Introduction

2. Product Overview

3. Research Methodology

4. Executive Summary

5. Impact of COVID-19 on Africa Two-Wheeler Market

6. Voice of Customer

6.1. Factors Influencing Purchase Decision

6.2. Aided Brand Recall and Unaided Brand Recall

6.3. Challenges/Unmet Needs

7. Asia-Pacific Electric Three-Wheeler Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value and Volume

7.2. Market Share & Forecast

7.2.1. By Vehicle Type (Scooter/Moped and Motorcycle)

7.2.2. By Capacity ((Up to 125cc, 126-250cc, 250-500cc, Above 500cc and Electric)

7.2.3. By End Use (Individual and Institutional)

7.2.4. By Country (Egypt, Nigeria, Kenya, Angola, Morocco, Ethiopia, South Africa, Uganda)

7.2.5. By Company (2022)

7.3. Product Market Map (By Vehicle Type, By Country)

7.3.1. Egypt Electric Three-Wheeler Market Outlook

7.3.1.1. Market Size & Forecast

7.3.1.1.1. By Volume

7.3.1.1.2. By Value

7.3.1.2. Market Share & Forecast

7.3.1.2.1. By Vehicle Type (Scooter/Moped and Motorcycle)

7.3.1.2.2. By Capacity (Up to 125cc, 126-250cc, 250-500cc, Above 500cc and Electric)

7.3.1.2.3. By End Use (Individual and Institutional)

7.3.2. Nigeria Electric Three-Wheeler Market Outlook

7.3.2.1. Market Size & Forecast

7.3.2.1.1. By Volume

7.3.2.1.2. By Value

7.3.2.2. Market Share & Forecast

7.3.2.2.1. By Vehicle Type (Scooter/Moped and Motorcycle)

7.3.2.2.2. By Capacity (Up to 125cc, 126-250cc, 250-500cc, Above 500cc and Electric)

7.3.2.2.3. By End Use (Individual and Institutional)

7.3.3. Kenya Electric Three-Wheeler Market Outlook

7.3.3.1. Market Size & Forecast

7.3.3.1.1. By Volume

7.3.3.1.2. By Value

7.3.3.2. Market Share & Forecast

7.3.3.2.1. By Vehicle Type (Scooter/Moped and Motorcycle)

7.3.3.2.2. By Capacity (Up to 125cc, 126-250cc, 250-500cc, Above 500cc and Electric)

7.3.3.2.3. By End Use (Individual and Institutional)

7.3.4. Angola Electric Three-Wheeler Market Outlook

7.3.4.1. Market Size & Forecast

7.3.4.1.1. By Volume

7.3.4.1.2. By Value

7.3.4.2. Market Share & Forecast

7.3.4.2.1. By Vehicle Type (Scooter/Moped and Motorcycle)

7.3.4.2.2. By Capacity (Up to 125cc, 126-250cc, 250-500cc, Above 500cc and Electric)

7.3.4.2.3. By End Use (Individual and Institutional)

7.3.5. Morocco Electric Three-Wheeler Market Outlook

7.3.5.1. Market Size & Forecast

7.3.5.1.1. By Volume

7.3.5.1.2. By Value

7.3.5.2. Market Share & Forecast

7.3.5.2.1. By Vehicle Type (Scooter/Moped and Motorcycle)

7.3.5.2.2. By Capacity (Up to 125cc, 126-250cc, 250-500cc, Above 500cc and Electric)

7.3.5.2.3. By End Use (Individual and Institutional)

7.3.6. Ethiopia Electric Three-Wheeler Market Outlook

7.3.6.1. Market Size & Forecast

7.3.6.1.1. By Volume

7.3.6.1.2. By Value

7.3.6.2. Market Share & Forecast

7.3.6.2.1. By Vehicle Type (Scooter/Moped and Motorcycle)

7.3.6.2.2. By Capacity (Up to 125cc, 126-250cc, 250-500cc, Above 500cc and Electric)

7.3.6.2.3. By End Use (Individual and Institutional)

7.3.7. South Africa Electric Three-Wheeler Market Outlook

7.3.7.1. Market Size & Forecast

7.3.7.1.1. By Volume

7.3.7.1.2. By Value

7.3.7.2. Market Share & Forecast

7.3.7.2.1. By Vehicle Type (Scooter/Moped and Motorcycle)

7.3.7.2.2. By Capacity (Up to 125cc, 126-250cc, 250-500cc, Above 500cc and Electric)

7.3.7.2.3. By End Use (Individual and Institutional)

7.3.8. Uganda Electric Three-Wheeler Market Outlook

7.3.8.1. Market Size & Forecast

7.3.8.1.1. By Volume

7.3.8.1.2. By Value

7.3.8.2. Market Share & Forecast

7.3.8.2.1. By Vehicle Type (Scooter/Moped and Motorcycle)

7.3.8.2.2. By Capacity (Up to 125cc, 126-250cc, 250-500cc, Above 500cc and Electric)

7.3.8.2.3. By End Use (Individual and Institutional)

8. Key Developments in the Industry

8.1. Research and Innovation

8.2. New Products in the Market

8.3. Key Investments

8.4. Technological Developments

8.5. Key Takeaways

9. Market Dynamics

9.1. Drivers

9.1.1. Rapid Urbanization

9.1.2. Rising Two-wheeler adoption in e-commerce services

9.2. Challenges

9.2.1. Lack of financing leading to less purchase power.

10. Market Trends

10.1. Rising demand of fuel efficient Electric Two wheelers.

10.2. Rising Emissions Standards

11. Porter’s Five Forces Model

11.1. Competition Landscape

11.2. Buyer Power

11.3. Supplier Power

11.4. Threat of New Entrants

11.5. Threat of Substitutes

12. Competitive Landscape

12.1. Bajaj Auto Ltd.

12.1.1. Company Details

12.1.2. Products & Services

12.1.3. Financial (As Reported)

12.1.4. Key Market Focus & Geographical Presence

12.1.5. Recent Development

12.1.6. Key Management Personnel

12.2. TVS Motor Company Ltd.

12.2.1. Company Details

12.2.2. Products & Services

12.2.3. Financial (As Reported)

12.2.4. Key Market Focus & Geographical Presence

12.2.5. Recent Development

12.2.6. Key Management Personnel

12.3. Yamaha Motor Co., Ltd.

12.3.1. Company Details

12.3.2. Products & Services

12.3.3. Financial (As Reported)

12.3.4. Key Market Focus & Geographical Presence

12.3.5. Recent Development

12.3.6. Key Management Personnel

12.4. Hero MotoCorp Ltd.

12.4.1. Company Details

12.4.2. Products & Services

12.4.3. Financial (As Reported)

12.4.4. Key Market Focus & Geographical Presence

12.4.5. Recent Development

12.4.6. Key Management Personnel

12.5. Honda Motor Co, Ltd.

12.5.1. Company Details

12.5.2. Products & Services

12.5.3. Financial (As Reported)

12.5.4. Key Market Focus & Geographical Presence

12.5.5. Recent Development

12.5.6. Key Management Personnel

12.6. Kwang Yang Motor Co., Ltd.

12.6.1. Company Details

12.6.2. Products & Services

12.6.3. Financial (As Reported)

12.6.4. Key Market Focus & Geographical Presence

12.6.5. Recent Development

12.6.6. Key Management Personnel

12.7. Suzuki Motor Corporation

12.7.1. Company Details

12.7.2. Products & Services

12.7.3. Financial (As Reported)

12.7.4. Key Market Focus & Geographical Presence

12.7.5. Recent Development

12.7.6. Key Management Personnel

12.8. Sanyang Motor Co., Ltd.

12.8.1. Company Details

12.8.2. Products & Services

12.8.3. Financial (As Reported)

12.8.4. Key Market Focus & Geographical Presence

12.8.5. Recent Development

12.8.6. Key Management Personnel

12.9. Lifan Motors

12.9.1. Company Details

12.9.2. Products & Services

12.9.3. Financial (As Reported)

12.9.4. Key Market Focus & Geographical Presence

12.9.5. Recent Development

12.9.6. Key Management Personnel

12.10. Luoyang Northern EK Chor Motorcycle Co. Ltd

12.10.1. Company Details

12.10.2. Products & Services

12.10.3. Financial (As Reported)

12.10.4. Key Market Focus & Geographical Presence

12.10.5. Recent Development

12.10.6. Key Management Personnel

13. Strategic Recommendations

13.1. Key Focus Areas

13.2. Target Regions & Countries

13.3. Target Type

13.4. Target Category

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Press Release

Africa Two-Wheeler Market is Growing as Nigeria, Kenya, and Egypt have Witnessed Rise in Demand of Two-Wheelers

Apr, 2023

The rapid urbanization in the region and the rise in the adoption of two wheelers in e-commerce services is expected to drive the market in the forecast years.

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