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
The Global Two-Wheeler Market was valued at USD 686.88 billion in 2024 and is projected to reach USD 797.51 billion by 2030, growing at a CAGR of 2.52% during the forecast period. The market is undergoing significant evolution, driven by the increasing need for affordable personal mobility, rising fuel costs, and rapid urbanization. Two-wheelers continue to be a preferred mode of transport in congested cities due to their cost-efficiency, lower maintenance, and fuel economy. According to SIAM, India's two-wheeler sector recorded a 16.23% rise in unit sales between January and November 2024, indicating robust domestic demand fueled by positive consumer sentiment, favorable monsoon, and festive season sales. Technological advancements such as smart connectivity, enhanced safety features, and electric propulsion are transforming product offerings and user expectations. The growing adoption of electric two-wheelers is being driven by stringent emission standards and consumer inclination toward sustainable transportation. Opportunities are also emerging through shared mobility services, flexible ownership models like subscriptions, and greater access to financing options, particularly for first-time buyers. Manufacturers are investing in innovations related to battery efficiency, lightweight construction, and AI-integrated mobility to remain competitive.
Market Overview
Forecast Period
2026-2030
Market Size 2024
USD 686.88 Billion
Market Size 2030
USD 797.51 Billion
CAGR 2025-2030
2.52 %
Fastest Growing Segment
Electric
Largest Market
Asia-Pacific
Market Drivers
Rising Demand for Cost-Effective Urban Mobility
The surge in urbanization and escalating traffic congestion are key factors boosting the appeal of two-wheelers as an economical mode of transportation. Their agility, fuel efficiency, and low upkeep make them an ideal solution for navigating busy urban areas. The affordability of scooters and motorcycles attracts a wide consumer base, including daily commuters and gig economy workers. With rising income levels among lower- and middle-income populations, the accessibility of two-wheelers remains strong. Higher fuel prices have further intensified interest in economical commuting options. Government-backed financing schemes and credit access programs are also encouraging adoption. Additionally, modern features such as digital dashboards, GPS navigation, and smartphone integration are being included without significantly increasing cost, enhancing the value proposition. In parallel, the rise of shared mobility is reshaping transportation habits-revenues from hailed mobility reached USD 130 billion, with projections of USD 450-860 billion by 2030. Shared micromobility alone is expected to contribute up to USD 90 billion, offering further growth opportunities for the two-wheeler segment.
Key Market Challenges
Inadequate Charging Infrastructure for Electric Variants
A major obstacle to the growth of the electric two-wheeler market is the insufficient availability of reliable charging infrastructure. Electric vehicles require a broad and accessible charging network to meet user expectations and ease concerns around limited range. However, infrastructure development has not kept pace with electric vehicle adoption, particularly in developing regions. Range anxiety remains a significant barrier, with many potential users deterred by the lack of convenient public charging facilities. In densely populated urban environments, the absence of personal parking spaces or electrical connections further complicates at-home charging. These limitations restrict the usability and growth potential of electric two-wheelers, posing a challenge for manufacturers and governments aiming to accelerate electrification.
Key Market Trends
Rise of Subscription and Leasing Models
Shifting consumer attitudes toward ownership are leading to increased interest in subscription and leasing models within the two-wheeler industry. These flexible alternatives provide access to vehicles without the financial burden of long-term commitments or upfront costs. Subscription models typically include bundled services such as insurance, maintenance, and repairs, appealing to cost-conscious and convenience-driven users. This model is gaining popularity among urban residents, delivery personnel, and younger consumers who prioritize flexibility and technological access over traditional ownership. Leasing is also becoming attractive in the electric vehicle segment due to rapid technological innovation and the risk of obsolescence. Fleet operators in the delivery and ride-sharing sectors are adopting these models to scale operations efficiently while managing expenses.
Key Market Players
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
Report Scope:
In this report, the global Two-Wheeler Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Two-Wheeler Market, By Vehicle Type:
Scooter/Moped
Motorcycles
Two-Wheeler Market, By Propulsion Type:
ICE
Electric
Two-Wheeler Market, By Region:
North America
United States
Canada
Mexico
Europe & CIS
Germany
France
U.K.
Spain
Italy
Asia-Pacific
China
Japan
India
Vietnam
South Korea
Australia
Thailand
Middle East & Africa
South Africa
Saudi Arabia
UAE
Turkey
South America
Brazil
Argentina
Colombia
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the global Two-Wheeler Market.
Available Customizations:
Global Two-Wheeler Market report with the given market data, TechSci Research offers customizations according to 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).
Table of Contents
1. Introduction
1.1. Product Overview
1.2. Key Highlights of the Report
1.3. Market Coverage
1.4. Market Segments Covered
1.5. Research Tenure Considered
2. Research Methodology
2.1. Methodology Landscape
2.2. Objective of the Study
2.3. Baseline Methodology
2.4. Formulation of the Scope
2.5. Assumptions and Limitations
2.6. Sources of Research
2.7. Approach for the Market Study
2.8. Methodology Followed for Calculation of Market Size & Market Shares
2.9. Forecasting Methodology
3. Executive Summary
3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions
3.5. Overview of Market Drivers, Challenges, and Trends
4. Global Two-Wheeler Market Outlook
4.1. Market Size & Forecast
4.1.1. By Value
4.2. Market Share & Forecast
4.2.1. By Vehicle Type (Scooter/Moped, Motorcycles)
4.2.2. By Propulsion Type (ICE, Electric)
4.2.3. By Region
4.2.4. By Company (2024)
4.3. Market Map
5. North America Two-Wheeler Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1. By Vehicle Type
5.2.2. By Propulsion Type
5.2.3. By Country
5.3. North America: Country Analysis
5.3.1. United States Two-Wheeler Market Outlook
5.3.1.1. Market Size & Forecast
5.3.1.1.1. By Value
5.3.1.2. Market Share & Forecast
5.3.1.2.1. By Vehicle Type
5.3.1.2.2. By Propulsion Type
5.3.2. Canada Two-Wheeler Market Outlook
5.3.2.1. Market Size & Forecast
5.3.2.1.1. By Value
5.3.2.2. Market Share & Forecast
5.3.2.2.1. By Vehicle Type
5.3.2.2.2. By Propulsion Type
5.3.3. Mexico Two-Wheeler Market Outlook
5.3.3.1. Market Size & Forecast
5.3.3.1.1. By Value
5.3.3.2. Market Share & Forecast
5.3.3.2.1. By Vehicle Type
5.3.3.2.2. By Propulsion Type
6. Europe Two-Wheeler Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Vehicle Type
6.2.2. By Propulsion Type
6.2.3. By Country
6.3. Europe: Country Analysis
6.3.1. France Two-Wheeler Market Outlook
6.3.1.1. Market Size & Forecast
6.3.1.1.1. By Value
6.3.1.2. Market Share & Forecast
6.3.1.2.1. By Vehicle Type
6.3.1.2.2. By Propulsion Type
6.3.2. Germany Two-Wheeler Market Outlook
6.3.2.1. Market Size & Forecast
6.3.2.1.1. By Value
6.3.2.2. Market Share & Forecast
6.3.2.2.1. By Vehicle Type
6.3.2.2.2. By Propulsion Type
6.3.3. Spain Two-Wheeler Market Outlook
6.3.3.1. Market Size & Forecast
6.3.3.1.1. By Value
6.3.3.2. Market Share & Forecast
6.3.3.2.1. By Vehicle Type
6.3.3.2.2. By Propulsion Type
6.3.4. Italy Two-Wheeler Market Outlook
6.3.4.1. Market Size & Forecast
6.3.4.1.1. By Value
6.3.4.2. Market Share & Forecast
6.3.4.2.1. By Vehicle Type
6.3.4.2.2. By Propulsion Type
6.3.5. United Kingdom Two-Wheeler Market Outlook
6.3.5.1. Market Size & Forecast
6.3.5.1.1. By Value
6.3.5.2. Market Share & Forecast
6.3.5.2.1. By Vehicle Type
6.3.5.2.2. By Propulsion Type
7. Asia-Pacific Two-Wheeler Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Vehicle Type
7.2.2. By Propulsion Type
7.2.3. By Country
7.3. Asia-Pacific: Country Analysis
7.3.1. China Two-Wheeler Market Outlook
7.3.1.1. Market Size & Forecast
7.3.1.1.1. By Value
7.3.1.2. Market Share & Forecast
7.3.1.2.1. By Vehicle Type
7.3.1.2.2. By Propulsion Type
7.3.2. Japan Two-Wheeler Market Outlook
7.3.2.1. Market Size & Forecast
7.3.2.1.1. By Value
7.3.2.2. Market Share & Forecast
7.3.2.2.1. By Vehicle Type
7.3.2.2.2. By Propulsion Type
7.3.3. India Two-Wheeler Market Outlook
7.3.3.1. Market Size & Forecast
7.3.3.1.1. By Value
7.3.3.2. Market Share & Forecast
7.3.3.2.1. By Vehicle Type
7.3.3.2.2. By Propulsion Type
7.3.4. Vietnam Two-Wheeler Market Outlook
7.3.4.1. Market Size & Forecast
7.3.4.1.1. By Value
7.3.4.2. Market Share & Forecast
7.3.4.2.1. By Vehicle Type
7.3.4.2.2. By Propulsion Type
7.3.5. South Korea Two-Wheeler Market Outlook
7.3.5.1. Market Size & Forecast
7.3.5.1.1. By Value
7.3.5.2. Market Share & Forecast
7.3.5.2.1. By Vehicle Type
7.3.5.2.2. By Propulsion Type
7.3.6. Australia Two-Wheeler Market Outlook
7.3.6.1. Market Size & Forecast
7.3.6.1.1. By Value
7.3.6.2. Market Share & Forecast
7.3.6.2.1. By Vehicle Type
7.3.6.2.2. By Propulsion Type
7.3.7. Thailand Two-Wheeler Market Outlook
7.3.7.1. Market Size & Forecast
7.3.7.1.1. By Value
7.3.7.2. Market Share & Forecast
7.3.7.2.1. By Vehicle Type
7.3.7.2.2. By Propulsion Type
8. Middle East & Africa Two-Wheeler Market Outlook