Global Two-wheeler Growth Outlook 2024

Global Two-wheeler Growth Outlook 2024

Electrification, Disruptive Tech, and Adventure Appeal Fuel the Industry s Growth Trajectory

The global two-wheeler (2W) industry—comprising motorcycles, scooters, and mopeds—is a dynamic space fueled by various factors. It has recorded remarkable growth in recent years, driven by the urbanization boom, rising disposable income, and personal mobility needs. In addition, legacy 2W participants are introducing new models with updated and advanced features. Another reason is the increasing popularity of adventure motorcycles among the younger generation.

However, Frost & Sullivan’s analysis indicates that the landscape is shifting. While traditional 2Ws remain popular, a significant trend is emerging—the rise of electric two-wheelers (E2Ws) due to factors like fuel price fluctuation, environmental concerns, and technological advancements.

Several leading 2W manufacturers are investing heavily in developing new electric models with better performance and features. The future of the 2W industry hinges on collaboration and innovation. Partnerships between established manufacturers, technology start-ups, and government bodies will be crucial for developing a robust 2W ecosystem, including E2W.

Thus, by embracing innovation, fostering collaboration, and addressing environmental concerns, the industry can ensure sustainable and inclusive growth in the years to come.

This analysis’ study period is 2018–2028, with 2023 as the base year and 2024–2028 as the forecast period. The global geographic scope includes Asia-Pacific, the Association of Southeast Asian Nations, South Asia, Europe, North America, Latin America, and Africa.

Important information include:
• Government regulations
• Leading industry participants and notable mergers, acquisitions, and partnerships
• Industry drivers and restraints
• Sales forecasts and analyses by region
• Trends and focus areas of 2W stakeholders

Most importantly, we provide insights and opportunities that participants can capitalize on amid the expected major shifts in the industry over the next decade as countries increasingly prioritize sustainable personal transportation to curb carbon emissions and mitigate climate change.