Two-Wheeler Market Size to Reach USD 245.9 Billion by 2033: Key Trends & Forecast

Market Overview:

According to IMARC Group's latest research publication, "Two-Wheeler Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2025-2033", The global two-wheeler market size reached USD 138.6 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 245.9 Billion by 2033, exhibiting a growth rate (CAGR) of 6.25% during 2025-2033.

This detailed analysis primarily encompasses industry size, business trends, market share, key growth factors, and regional forecasts. The report offers a comprehensive overview and integrates research findings, market assessments, and data from different sources. It also includes pivotal market dynamics like drivers and challenges, while also highlighting growth opportunities, financial insights, technological improvements, emerging trends, and innovations. Besides this, the report provides regional market evaluation, along with a competitive landscape analysis.

How AI is Reshaping the Future of Two-Wheeler Market

• AI-powered Advanced Driver Assistance Systems like BYTES now predict and warn riders about dangers in real time, aiming to tackle the 60% share two-wheelers have in global traffic accidents.
• The new PM E-DRIVE scheme provides a ₹10,000 subsidy for every electric two-wheeler, fueling smart EV adoption and digital transformation across markets.
• AI-driven predictive maintenance cuts vehicle downtime by up to 30% and slashes maintenance costs by 20%, making riding safer and ownership more affordable.
• Kawasaki’s smart bikes integrate machine learning to personalize feedback, monitor rider emotion, and recommend routes, while CFMOTO’s conversational AI creates a more natural man-machine experience.
• AI-powered resale apps now reduce bike inspection time by 60% and paperwork by 80%, streamlining trade-ins and boosting trust for millions of sellers worldwide.

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Key Trends in the Two-Wheeler Market

• Surge in Electric Two-Wheeler Adoption: Riders are switching to electric scooters and bikes, drawn by eco-friendly vibes and cost savings. India’s FAME-II scheme offers INR 10,000/kWh subsidies, boosting sales to 2.07 million units.
• Smart Features Enhance Rider Experience: Tech-savvy riders love GPS navigation and smartphone connectivity in two-wheelers. Ola Electric’s S1X scooter, with a 3.5-inch display, sold millions, making rides safer and cooler.
• AI-Powered Safety Systems Gain Traction: AI-driven rider assistance, like Spark Minda’s collision detection with Ride Vision, is a game-changer. Over 31% of riders prioritize safety, pushing demand for smarter motorcycles.
• Urban Mobility Drives Scooter Popularity: Scooters dominate with an 80% market share, perfect for zipping through city traffic. Honda’s 6.5 lakh unit production boost meets urban commuters’ need for agile rides.
• Ride-Sharing Fuels Market Growth: Electric two-wheeler sharing, valued at $1.9 billion, tackles last-mile needs. Companies like EMotorad partner with Booz Mobility, expanding eco-friendly urban transport with thousands of e-scooters.

Growth Factors in the Two-Wheeler Market

• Surge in Urban Mobility Needs: Rising city congestion drives demand for two-wheelers as affordable, nimble transport. Over 4.4 billion people live in urban areas, boosting sales. Companies like Honda report 16.4% sales growth in India, fueled by urban commuters.
• Electric Two-Wheeler Boom: Eco-conscious riders are shifting to electric scooters and bikes for zero emissions. Global electric two-wheeler sales hit 4.7 million units in China alone. Ola Electric’s shares jumped 8.2% after new subsidy schemes.
• Government Incentives Spark Growth: Subsidies and tax breaks, like India’s FAME II scheme, make electric two-wheelers more affordable. Pune’s BGauss Auto raised $18.6 million to expand production, driven by these supportive policies.
• Tech Upgrades Attract Buyers: Smart features like GPS and connectivity draw tech-savvy riders. Honda and TVS launched models with real-time data, enhancing user experience. Over 130 million e-bikes sold globally reflect this trend.
• Last-Mile Delivery Fuels Demand: E-commerce growth pushes two-wheeler use for quick deliveries. India’s market sees 24.9 million units sold, with companies like Ola and Uber expanding bike fleets for efficient urban logistics.

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Leading Companies Operating in the Global Two-Wheeler Industry:

• Harley Davidson
• Hero MotoCorp Ltd.
• Honda Motor Co., Ltd.
• Suzuki Motor Corporation
• Yamaha Motor Co., Ltd.

Two-Wheeler Market Report Segmentation:

By Type:

• Scooters
• Mopeds
• Motorcycle
• Electric Two-Wheeler

Motorcycle exhibits a clear dominance in the market due to its versatility, affordability, and wide range of models catering to diverse user needs.

By Technology:

• ICE
• Electric

ICE represents the largest segment attributed to its well-established infrastructure, high performance, and cost-effectiveness compared to emerging alternatives.

By Transmission:

• Manual
• Automatic

Manual accounts for the majority of the market share owing to its lower cost, simplicity, and better control over vehicle performance.

By Engine Capacity:

• 1600cc

100-125cc hold the biggest market share. It balances power, fuel efficiency, and affordability, catering to a broad spectrum of users.

By Fuel Type:

• Gasoline
• Petrol
• Diesel
• LPG/CNG
• Battery

Petrol exhibits a clear dominance in the market accredited to its widespread availability, established supply chain, and compatibility with the majority of two-wheelers.

By End-User:

• Personal
• Commercial

Personal represents the largest segment, as two-wheelers are primarily used for personal mobility for offering convenience and affordability.

By Distribution Channel:

• Offline Channels
• Online Channels

Offline channels hold the biggest market share, driven by the rising preference for physical inspections, test rides, and immediate purchase processes offered by dealerships.

Regional Insights:

• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa

Asia Pacific dominates the market owing to the essential role of two-wheelers in daily transportation within densely populated cities.

Recent News and Developments in Two-Wheeler Market

• February 2025: Segway-Ninebot introduces Ninebot SIGHT, an AI visual assist system powered by three advanced chips, delivering real-time collision alerts, blind spot monitoring, and gesture recognition, raising the bar for two-wheeler safety and rider confidence.
• May 2025: Smartphone-linked connectivity becomes mainstream, with motorcycles and scooters offering seamless integration for navigation, remote diagnostics, and entertainment. Smartphones now account for the majority of connected system interfaces on new models, transforming daily riding experiences.
• June 2025: India’s electric two-wheeler segment registers a 9% monthly jump, with over 100,000 units sold. Ongoing government incentives and fast-charging innovation continue to drive rapid EV adoption and reshape the nation’s mobility landscape.

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