Colombia's Two-Wheeler Market size is projected to grow at a CAGR of 7.0% during 2021-27
Colombia Two-Wheeler Market report thoroughly covers the market by product types and regions. The report provides an unbiased and detailed analysis of the ongoing market trends, opportunities, high growth areas, market drivers, and market share by Brands, which would help stakeholders to device and align market strategies according to the current and future market dynamics.
Colombia Two-Wheeler Market Synopsis
Colombia Two-Wheeler Market witnessed significant growth in 2017-2019 owing to improvement in lifestyle, rise in the purchasing power of the middle class, and preference for fast and efficient means of transport for commuting to workplaces. Additionally, the two-wheelers market size increased in 2018-19 due to rise in demand for electric two-wheelers owing to government efforts to promote e-vehicles such as the Electric Mobility Law, passed in 2018 which reduced the tax rate on e-vehicles to 1%, and the National Strategy for Electric Mobility launched in 2019 aimed at reducing vehicle emissions. However, on account of the outbreak of COVID-19 and subsequent lockdown in 2020, the two-wheeler market in Colombia experienced a setback leading to a decline in volume size by nearly 14%, due to a fall in demand and halt in manufacturing, assembly, and dealership operations and disruptions in the supply chain in the country. Besides, the volume size for two-wheelers is anticipated to experience a quick recovery in 2021, due to the upliftment of lockdown restrictions and resumption of business activities.
According to the publisher, Colombia's Two-Wheeler Market size is projected to grow at a CAGR of 7.0% during 2021-27. The rising working population and increasing use of two-wheelers in the police force, delivery and taxi service, and growing popularity of two-wheelers among the youth, especially motorcycles and automatic scooters would fuel the demand for two-wheeler in the country in coming years. Additionally, government initiatives like bilateral growth initiative between the Colombian government and US International Finance Corporation to strengthen economic development and Fourth Generation (4G) road infrastructure program 2014-2024, would contribute to the increase in demand for two-wheeler in the country in the forthcoming years.
Market Analysis by Components
By components, cameras accounted for the highest revenue share in the market in 2020 owing to the surging use of cameras by the law enforcement agencies and deployment of CCTV cameras across vertical like transportation with advanced intelligent functionalities like AI and machine learning solutions which enables facial recognition, thermal scanning and monitoring in order to combat COVID- 19 limitations. Further, with the growing development of smart cities and smart home applications in the country along with the strengthening IT infrastructure due to National Digital Communication Policy-2018, it is expected that IP surveillance cameras would remain the largest revenue shareholder, by type, during the forecast period.
Key Attractiveness of the Report:
- COVID-19 Impact on the Market
- 10 Years Market Numbers
- Historical Data Starting from 2017 to 2020
- Base Year: 2020
- Forecast Data until 2027
- Key Performance Indicators Impacting the Market
- Major Upcoming Developments and Projects
Key Highlights of the Report:
- Colombia Two-Wheeler Market Overview
- Colombia Two-Wheeler Market Outlook
- Colombia Two-Wheeler Market Forecast
- Historical data and Forecast of Colombia Two-Wheeler Market Revenues and Volume, for the Period, 2017-2027F.
- Historical data and Forecast of Revenues and Volume, By Product Types, for the Period, 2017-2027F
- Historical data and Forecast of Revenues and Volume, By Regions, for the Period, 2017-2027F
- Market Drivers and Restraints
- Colombia Two-Wheeler Market Trends
- Industry Life Cycle
- Porter’s Five Forces Analysis
- Market Opportunity Assessment
- Colombia Two-Wheeler Market Share, By Brands
- Competitive Benchmarking
- Company Profiles
- Key Strategic Recommendations
Table of Contents
1. Executive Summary
2. Introduction
2.1. Report Description
2.2. Key Highlights of the Report
2.3. Market Scope & Segmentation
2.4. Research Methodology
2.5. Assumptions
3. Colombia Two-Wheeler Market Overview
3.1 Colombia Two-Wheeler Market Revenues and Volume, 2017-2027F
3.2 Colombia Two-Wheeler Market Industry Life Cycle
3.3 Colombia Two-Wheeler Market Ecosystem
3.4 Colombia Two-Wheeler Market- Porter’s Five Forces
3.5 Colombia Two-Wheeler Market Revenue and Volume Share, By Product Types, 2020 & 2027F
3.5.1 Colombia Electric Two-Wheeler Market Revenues and Volume, 2017-2027F
3.5.2 Colombia Non-Electric Two-Wheeler Market Revenues and Volume, 2017-2027F
3.6 Colombia Two-Wheeler Market Volume Share, By Regions, 2020 & 2027F
4. Covid-19 Impact Analysis on Colombia Two-Wheeler Market
5. Colombia Two-Wheeler Market Dynamics
5.1 Impact Analysis
5.2 Market Drivers
5.3 Market Restraints
6. Colombia Two-Wheeler Market Trends
7. Colombia Electric Two-Wheeler Market Overview
7.1 Colombia Electric Two-Wheeler Market Revenue and Volume Share, By Types, 2020 & 2027F
7.2 Colombia Electric Two-Wheeler Market Revenues and Volume, By Types, 2017-2027F
7.2.1 Colombia Electric Scooter Two-Wheeler Market Revenues and Volume, 2017-2027F
7.2.2 Colombia Electric Motorcycle Two-Wheeler Market Revenues and Volume, 2017-2027F
7.3 Colombia Electric Two-Wheeler Market Revenue and Volume Share, By Battery Type, 2020 & 2027F
7.4 Colombia Electric Two-Wheeler Market Revenues and Volume By Battery Type, 2017-2027F
7.4.1 Colombia Electric Two-Wheeler Market Revenues and Volume, By Lead Acid, 2017-2027F
7.4.2 Colombia Electric Two-Wheeler Market Revenues and Volume, By Lithium Ion, 2017-2027F
8. Colombia Non-Electric Two-Wheeler Market Overview
8.1 Colombia Non-Electric Two-Wheeler Market Revenue and Volume Share, By Types, 2020 & 2027F
8.2 Colombia Non-Electric Two-Wheeler Market Revenues and Volume, By Types, 2017-2027F
8.2.1 Colombia Non-Electric Scooter Two-Wheeler Market Revenues and Volume, 2017-2027F
8.2.2 Colombia Non-Electric Motorcycle Two-Wheeler Market Revenues and Volume, 2017-2027F
8.2.3 Colombia Non-Electric Moped Two-Wheeler Market Revenues and Volume, 2017-2027F
8.3 Colombia Non-Electric Two-Wheeler Market Revenue and Volume Share, By Power, 2020 & 2027F
8.4 Colombia Non-Electric Two-Wheeler Market Revenues and Volume, By Power, 2017-2027F
8.4.1 Colombia Non-Electric Two-Wheeler Market Revenues and Volume, By Upto 125 CC, 2017-2027F
8.4.2 Colombia Non-Electric Two-Wheeler Market Revenues and Volume, By 125.1 to 250 CC, 2017-2027F
8.4.3 Colombia Non-Electric Two-Wheeler Market Revenues and Volume, By Above 250 CC, 2017-2027F
9. Colombia Two-Wheeler Market Overview, By Regions
9.1 Colombia Two-Wheeler Market Volume, By Regions, 2017-2027F
9.1.1 Colombia Andean Region Two-Wheeler Market Volume, 2017-2027F
9.1.2 Colombia Caribbean Region Two-Wheeler Market Volume, 2017-2027F
9.1.3 Colombia Pacific Region Two-Wheeler Market Volume, 2017-2027F
9.1.4 Colombia Orinoco Region Two-Wheeler Market Volume, 2017-2027F
9.1.5 Colombia Amazon Region Two-Wheeler Market Volume, 2017-2027F
9.1.6 Colombia Insular Region Two-Wheeler Market Volume, 2017-2027F
10. Colombia Two-Wheeler Market Key Performance Indicators
11. Colombia Two-Wheeler Market Opportunity Assessment
11.1 Colombia Two-Wheeler Market Opportunity Assessment, By Product Types, 2027F
11.2 Colombia Two-Wheeler Market Opportunity Assessment, By Regions, 2027F
12. Clombia Two-Wheeler Market Competitive Landscape
12.1 Colombia Two-Wheeler Market Volume Share, By Brands, 2020
12.1.1 Colombia Non-Electric Two-Wheeler Market Volume Share, By Brands, 2020
12.1.2 Colombia Electric Two-Wheeler Market Volume Share, By Brands, 2020
12.2 Colombia Two-Wheeler Market Volume, By Models, 2019 & 2020
12.3 Colombia Two-Wheeler Market Competitive Benchmarking, By Operating Parameters
12.4 Colombia Two-Wheeler Market Competitive Benchmarking, By Technical Parameters
13. Company Profiles
13.1 Yamaha Motor Co. Ltd
13.2 Bajaj Auto Ltd.
13.3 Honda Motor Co. Ltd.
13.4 Suzuki Motor Corporation
13.5 Colombiana De Comercio SA
13.6 TVS Motor Company Ltd.
13.7 Hero Motocorp Limited
13.8 Auteco Mobility SAS
13.9 BMW AG
13.10 Sanyang Motor Co. Ltd.
14. Key Strategic Recommendations
15. Disclaimer
List of Figures
Figure 1. Colombia Two-Wheeler Market Revenues and Volume, 2017-2027F ($ Million, Thousand Units)
Figure 2. Colombia Two-Wheeler Market Revenue Share, By Product Types, 2020 & 2027F
Figure 3. Colombia Two-Wheeler Market Volume Share, By Product Types, 2020 & 2027F
Figure 4. Colombia Two-Wheeler Market Volume Share, By Regions, 2020 & 2027F
Figure 5. Colombia Number of Registered Units of Electric Vehicles, 2016-2020
Figure 6. Colombia Electric Two-Wheeler Market Revenue Share, By Types, 2020 & 2027F
Figure 7. Colombia Electric Two-Wheeler Market Volume Share, By Types, 2020 & 2027F
Figure 8. Colombia Electric Two-Wheeler Market Revenue Share, By Battery Type, 2020 & 2027F
Figure 9. Colombia Electric Two-Wheeler Market Volume Share, By Battery Type, 2020 & 2027F
Figure 10. Colombia Non-Electric Two-Wheeler Market Revenue Share, By Types, 2020 & 2027F
Figure 11. Colombia Non-Electric Two-Wheeler Market Volume Share, By Types, 2020 & 2027F
Figure 12. Colombia Non-Electric Two-Wheeler Market Revenue Share, By Power, 2020 & 2027F
Figure 13. Colombia Non-Electric Two-Wheeler Market Volume Share, By Power, 2020 & 2027F
Figure 14. Colombia Number of Registered Units of Vehicle, 2020 & 2021E
Figure 15. Colombia Number of Registered Units of Motorcycle, 2019-2021
Figure 16. Department-wise Electric Two-Wheeler Andean Region’s Volume Sales (No. of Units), 2019 vs 2020
Figure 17. Department-wise Electric Two-Wheeler Caribbean Region’s Volume Sales (No. of Units), 2019 vs 2020
Figure 18. Department-wise Electric Two-Wheeler Amazon Region’s Volume Sales (No. of Units), 2019 vs 2020
Figure 19. Department-wise Electric Two-Wheeler Orinoco Region’s Volume Sales (No. of Units), 2019 vs 2020
Figure 20. Department-wise Electric Two-Wheeler Pacific Region’s Volume Sales (No. of Units), 2019 vs 2020
Figure 21. Department-wise Electric Two-Wheeler Insular Region’s Volume Sales (No. of Units), 2019 vs 2020
Figure 22. Colombia Electric Two-Wheeler Consumer’s Living Situation, 2020
Figure 23. Colombia Two-Wheeler Market Opportunity Assessment, By Product Types, 2027F
Figure 24. Colombia Two-Wheeler Market Opportunity Assessment, By Regions, 2027F
Figure 25. Colombia Non-Electric Two-Wheeler Market Volume Share, By Brands, 2020
Figure 26. Colombia Electric Two-Wheeler Market Volume Share, By Brands, 2020
Figure 27. Colombia Age-wise Population Distribution (in %), as of 2020
Figure 28. Colombia Urbanization Rate (in %), 2017-2020
List of Tables
Table 1. Colombia Two-Wheeler Market Revenues, By Product Types, 2017-2027F ($ Million)
Table 2. Colombia Two-Wheeler Market Volume, By Product Types, 2017-2027F (Thousand Units)
Table 3. Top Selling Electric Two-Wheeler Models in Colombia with Specifications, 2020
Table 4. Colombia Electric Two-Wheeler Market Revenues, By Types, 2017-2027F ($ Million)
Table 5. Colombia Electric Two-Wheeler Market Volume, By Types, 2017-2027F (Thousand Units)
Table 6. Colombia Electric Two-Wheeler Market Revenues, By Battery Type, 2017-2027F ($ Million)
Table 7. Colombia Electric Two-Wheeler Market Volume, By Battery Type, 2017-2027F (Thousand Units)
Table 8. Colombia Non-Electric Two-Wheeler Market Revenues, By Types, 2017-2027F ($ Million)
Table 9. Colombia Non-Electric Two-Wheeler Market Volume, By Types, 2017-2027F (Thousand Units)
Table 10 Colombia Non-Electric Two-Wheeler Market Revenues, By Power, 2017-2027F ($ Million)
Table 11. Colombia Non-Electric Two-Wheeler Market Volume, By Power, 2017-2027F (Thousand Units)
Table 12. Colombia Two-Wheeler Market Volume, By Regions, 2017-2027F (Thousand Units)
Table 13. Model-wise Electric Two-Wheeler Volume Sales in Colombia (No. of Units) and Year-on-Year Change (in %) , 2019 vs 2020
Companies Mentioned
- Auteco Mobility SAS
- Bajaj Auto Ltd.
- BMW AG
- Colombiana De Comercio SA
- Hero Motocorp Limited
- Honda Motor Co. Ltd.
- Suzuki Motor Corporation
- TVS Motor Company Ltd.
- Yamaha Motor Co. Ltd
- Sanyang Motor Co. Ltd.
