Kenya two wheeler market is projected
to grow at a CAGR of over 5% during 2024-2028. The major factors propelling the
growth of the market are increasing per capita income, growing demand for
affordable transportation in the country, worsening traffic gridlocks and
rising fuel prices.
Low two wheeler sales due to
COVID-19 is projected to negatively impact the two wheeler market of Kenya in 2023;
however, increasing number of motorcycle assembly plants and increasing demand
for latest models in the country is expected the drive the market through 2028.
Based on vehicle type, in terms of
volume, in 2022, the motorcycle segment dominated the market and is expected to
maintain its dominance over the next five years as well. Kenya’s transport
system, especially in rural areas, is not very well developed. Due to the
absence of proper public transport, motorcycles are being extensively used in
various parts of the country. Two wheeler companies in Kenya are cashing
opportunities created by the inefficiency of public transport in the country.
Some of
the major players operating in Kenya two wheeler market are Bajaj, TVS, Hero, Honda, Kymco,
Kawasaki, Suzuki, SYM, Piaggio, CF Moto etc. Major companies are developing
advanced technologies and launching new products in order to stay competitive
in the market. Other competitive strategies include mergers & acquisitions
and new product developments.
Download Free Sample Report
Objective of the Study:
- To analyse and forecast the
market size of Two Wheeler Market, in terms of value and volume.
- To classify and forecast Kenya
Two Wheeler Market based on vehicle type, engine capacity and
regional distribution.
- To identify drivers and
challenges for Kenya Two Wheeler Market.
- To examine competitive
developments such as expansions, new product launches, mergers &
acquisitions, etc., in Kenya Two Wheeler Market.
- To conduct the pricing
analysis for Two Wheeler Market.
- To identify and analyse the
profile of leading players involved in the manufacturing of Kenya Two
Wheeler Market.
To perform the study, TechSci Research
conducted primary as well as exhaustive secondary research. Initially, TechSci
Research prepared an exhaustive list of Two Wheeler manufacturers and dealers
operating in Kenya. Subsequently, TechSci Research conducted primary research
surveys, which include primary calls, email responses, etc., with the
identified companies. While interviewing, the respondents were also asked about
their major competitors. TechSci Research analysed product offerings,
distribution channels and regional presence of all major Two Wheeler companies
across Kenya.
TechSci Research calculated the market size for Kenya Two
Wheeler market using a bottom-up technique, wherein sales volume data of
different engine capacities was recorded as well as forecast for the future
years. TechSci Research sourced these values from industry experts and company
representatives, and externally validated through analysing historical sales
data of respective manufacturers to arrive at the overall market size.
Key Target
Audience:
- Two
Wheeler Manufacturers
- Automotive
OEMs
- Two
Wheeler Component Manufacturers
- Traders,
Distributors, and Suppliers
- Industry
associations and experts
- Research
organizations and consulting companies.
- Research
Institutes
- Industry
associations
- Market
research and consulting firm.
The study is useful in providing answers
to several critical questions that are important for the industry stakeholders
such as collaboration manufacturer and partners, end users, etc., besides
allowing them in strategizing investments and capitalizing on market
opportunities.
|
Attribute
|
Details
|
|
Base Year
|
2022
|
|
Historical Years
|
2018 – 2021
|
|
Estimated Year
|
2023E
|
|
Forecast Period
|
2024F – 2028F
|
|
Quantitative Units
|
Revenue in USD Million, Volume in Units and CAGR for 2018-2022
and 2023E-2028F
|
|
Report Coverage
|
Revenue forecast, volume forecast, company share, competitive
landscape, growth factors, and trends
|
|
Segments Covered
|
·
Vehicle
type
·
Engine
Capacity Type
|
|
Region Scope
|
Eastern Region; Coast Region; North Eastern Region; Nairobi
Region; Central Region; Nyanza Region; Western Region; Rift Valley
|
|
Key Companies Profiled
|
Bajaj, TVS, Hero, Honda, Kymco, Kawasaki, Suzuki, SYM,
Piaggio, CF Moto.
|
|
Customization Scope
|
10% free report customization with purchase. Addition or
alteration to regional & segment scope.
|
|
Pricing and Purchase Options
|
Avail customized purchase options to meet your exact research
needs. Explore purchase
options
|
|
Delivery Format
|
PDF and Excel through Email
(We can also provide the editable version of the report in PPT/Word format on
special request)
|
Report Scope:
In this report, Kenya Two Wheeler Market has
been segmented into following categories, in addition to the industry trends
which have also been detailed below:
- Kenya Two
Wheeler Market, By Vehicle Type:
·
Kenya Two-Wheeler Market, By Engine
Capacity Type:
o Up to 125cc
o 126-250cc
o 250-500cc
o Above 500cc
- Kenya Two-Wheeler Market, by Region:
- Eastern
Region
- Coast
Region
- North
Eastern Region
- Nairobi
Region
- Central
Region
- Nyanza
Region
- Western
Region
- Rift
Valley
Competitive
Landscape
Company Profiles: Detailed analysis of the major
companies present in Two Wheeler Market.
Available
Customizations:
With the given market data, TechSci
Research offers customizations according the 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).
Profit Margin Analysis
- Profit
margin analysis in case of direct and indirect sales channel.
It is an upcoming report to be released
soon. If you wish an early delivery of this report or want to confirm the date
of release, please contact us at [email protected]