The Latin America two-wheeler market size reached 10.6 Million Units in 2022. Looking forward, the publisher expects the market to reach 23.7 Million Units by 2028, exhibiting a CAGR of 14.35% during 2022-2028.
Two-wheeler vehicles mainly include scooters, motorcycles, and mopeds. The high adoption rate of two-wheelers can be primarily attributed to their enhanced fuel efficiency, compact design, cost-effectiveness, and lower carbon emissions. Two-wheelers are one of the most versatile modes of transportation, particularly for easy maneuvering through congested roads.
The prevalent trend of personal vehicle ownership, particularly among the millennial population, is driving the demand for two-wheelers in Latin America. Additionally, the increasing number of women commuters, especially across Brazil, Mexico, Argentina, etc., is also augmenting the sales of two-wheelers. In line with this, several regional manufacturers are launching specialized vehicles designed to cater to the preferences of the women population. Moreover, the growing penetration of various international two-wheeler OEMs in the region is also driving the market growth. In line with this, improving consumer living standards supported by their rising disposable income levels are catalyzing the demand for advanced and highly-powered motorcycles and scooters. Furthermore, the rapid launch of new, attractive two-wheeler models equipped with the latest technologies at affordable prices is also propelling the market in Latin America. Apart from this, the rising environmental concerns towards increasing vehicular pollution levels have augmented the need for electric two-wheelers. In the coming years, the growing number of government initiatives for promoting the adoption of electric and hybrid two-wheelers will continue to drive the market growth in Latin America.
Two-wheeler vehicles mainly include scooters, motorcycles, and mopeds. The high adoption rate of two-wheelers can be primarily attributed to their enhanced fuel efficiency, compact design, cost-effectiveness, and lower carbon emissions. Two-wheelers are one of the most versatile modes of transportation, particularly for easy maneuvering through congested roads.
The prevalent trend of personal vehicle ownership, particularly among the millennial population, is driving the demand for two-wheelers in Latin America. Additionally, the increasing number of women commuters, especially across Brazil, Mexico, Argentina, etc., is also augmenting the sales of two-wheelers. In line with this, several regional manufacturers are launching specialized vehicles designed to cater to the preferences of the women population. Moreover, the growing penetration of various international two-wheeler OEMs in the region is also driving the market growth. In line with this, improving consumer living standards supported by their rising disposable income levels are catalyzing the demand for advanced and highly-powered motorcycles and scooters. Furthermore, the rapid launch of new, attractive two-wheeler models equipped with the latest technologies at affordable prices is also propelling the market in Latin America. Apart from this, the rising environmental concerns towards increasing vehicular pollution levels have augmented the need for electric two-wheelers. In the coming years, the growing number of government initiatives for promoting the adoption of electric and hybrid two-wheelers will continue to drive the market growth in Latin America.
Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the Latin America two-wheeler market report, along with forecasts at the regional and country level from 2023-2028. Our report has categorized the market based on vehicle type, fuel type, engine capacity and technology.Breakup by Vehicle Type:
- Motorcycle
- Scooter
- Moped
Breakup by Fuel Type:
- Gasoline
- Electric
Breakup by Engine Capacity:
- Less than 100cc
- 100-125cc
- 126-250cc
- 250-500cc
- More than 500cc
Breakup by Technology:
- Manual
- Automatic
Breakup by Country:
- Brazil
- Mexico
- Colombia
- Argentina
- Peru
- Ecuador
- Chile
- Others
Competitive Landscape:
The competitive landscape of the industry has also been examined with some of the key players being Bajaj Auto Limited (Bajaj Group), Dafra Motos (Itavema S/A), Honda de México S.A. de C.V. (The Honda Motor Company Ltd.), Kawasaki Motors Manufacturing Corp. U.S.A. (Kawasaki Heavy Industries, Ltd.), Lifan Industry (Group) Co. Ltd, Motomel S.A., Shineray Do Brasil SA, Suzuki Motor Corporation, TVS Motor México (TVS Motor Company Limited), Wanxin Group International, Yamaha Motor de México SA de CV (Yamaha Motor Co. Ltd.), Zanella Hnos & Cia SACIFI., and Zongshen Automobile Industry Manufacturing Co. Ltd. (Zongshen Industry Group Co. Ltd.).Key Questions Answered in This Report:
- How has the Latin America two-wheeler market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the Latin America two-wheeler market?
- What are the key regional markets?
- What is the breakup of the market based on the vehicle type?
- What is the breakup of the market based on the fuel type?
- What is the breakup of the market based on the engine capacity?
- What is the breakup of the market based on the technology?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the Latin America two-wheeler market and who are the key players?
- What is the degree of competition in the industry?
Table of Contents
1 Preface3 Executive Summary12 Value Chain Analysis14 Price Analysis
2 Scope and Methodology
4 Introduction
5 Latin America Two-Wheeler Market
6 Market Breakup by Vehicle Type
7 Market Breakup by Fuel Type
8 Market Breakup by Engine Capacity
9 Market Breakup by Technology
10 Market Breakup by Country
11 SWOT Analysis
13 Porters Five Forces Analysis
15 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Bajaj Auto Limited (Bajaj Group)
- Dafra Motos (Itavema S/A)
- Honda de México S.A. de C.V. (The Honda Motor Company Ltd.)
- Kawasaki Motors Manufacturing Corp. U.S.A. (Kawasaki Heavy Industries Ltd.)
- Lifan Industry (Group) Co. Ltd
- Motomel S.A.
- Shineray Do Brasil SA
- Suzuki Motor Corporation
- TVS Motor México (TVS Motor Company Limited)
- Wanxin Group International
- Yamaha Motor de México SA de CV (Yamaha Motor Co. Ltd.)
- Zanella Hnos & Cia SACIFI
- Zongshen Automobile Industry Manufacturing Co. Ltd. (Zongshen Industry Group Co. Ltd.)
Methodology
LOADING...
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 110 |
| Published | March 2023 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value in 2022 | 10.6 Million Units |
| Forecasted Market Value by 2028 | 23.7 Million Units |
| Compound Annual Growth Rate | 14.3% |
| Regions Covered | Latin America |
| No. of Companies Mentioned | 13 |
Related Reports
Global Two Wheeler Fuel Injection System Market Report and Forecast 2023-2028
- Report
- 193 Pages
- Global
From
From
Two-Wheeler Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F
- Report
- 117 Pages
- Global
From
From
About the Market
The two-wheeler market within the context of motorcycles is a highly competitive industry. It is composed of a wide range of manufacturers, from small-scale local producers to large multinational corporations. Motorcycles are a popular form of transportation in many countries, and the market is driven by consumer demand for convenience, affordability, and style. Motorcycles come in a variety of sizes, styles, and price points, and manufacturers are constantly innovating to meet the needs of their Read more
This product is a market research report. Each license type allows a set number of users to access the report. Please select an option from the list below. This product is a market research report. This is a single user license, allowing one user access to the product. The electronic report will be emailed to you. The file formats are PDF and Excel. This product is a market research report. This is a 1-5 user license, allowing up to five users have access to the product. The electronic report will be emailed to you. The file formats are PDF and Excel. This product is a market research report. This is an enterprise license, allowing all employees within your organization access to the product. The electronic report will be emailed to you. The file formats are PDF and Excel. 
