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(Transportation-News.com, October 25, 2019 ) Market Overview:
Increase in commercial use of two-wheelers globally for the delivery and two-wheeler taxi services is expected fuel the significant growth in the market over the forecast period.
Automotive Two-wheelers is most versatile forms of transportation. The adaptative ability of a motorized two-wheeler can be characterized by its usage. It is used just used for commuting, quickly transport small packages of goods through traffic and other uses. Now, the two wheelers are powered by electric battery or by internal combustion engine using fossil fuel.
Market Dynamics:
The Two-wheelers market growth is primarily driven by rising use of the two wheelers in the business. The rise in the delivery services and two wheelers taxi in the developing nations like India, China, Indonesia and other is the major driver for the two-wheeler market in the forecast period.
However, the stringent regulation for emission by petrol two wheelers and the availability of low-cost cars in the market are the major factors that will hinder the growth of the Two-wheelers market for the forecast period.
Market Segmentation:
By Vehicle Type, the Two-wheelers market is segmented into Motorcycle, Scooter, and Moped. Motorcycle have the dominant position in the Two-wheelers Vehicle Type segment and is expected to retain its dominance in the forecasted period due to the rise in the disposable income among the rural population in India and the growing interest among males to ride motorcycles will drive the market. With the rise in the delivery services and the need for the extra space in the vehicle will make the market for scooter grow with the higher CAGR in the forecast period.
By Fuel Type, the Two-wheelers market is segmented into Petrol power Internal Combustion Engines, and Electric battery powered Motors. Petrol power internal combustion engine has the dominant share in the Fuel Type segment and is expected to retain its dominance in the forecast period. However, the favorable government policies and the rising awareness among the people reducing carbon footprint is expected to drive the market for the electric battery powered motors in the forecast period.
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Geographical Analysis:
Geographically, the market is divided into North America, Europe, South America, Asia-Pacific and the Middle East and Africa.
Asia-Pacific holds the largest market share for Two-wheelers Market, due to the rise in the population coupled with the increasing disposable income of the people in the region are the major factor driving the market. China, India, Indonesia, and Malaysia are major countries owing to the larger share of Asia-pacific for two-wheeler market. Asian countries have larger penetration regarding the two-wheelers in the world. In India, about 102 out of 1000 people have two-wheelers, while have Indonesia 281 and Thailand 291 which is the highest.
Europe is after Asia-Pacific in terms of market share in Two-wheelers market, due to rise in the export of premium two wheelers. With the growing in the urbanization, rise in the disposable income and the improvement in the infrastructure for roads have increased the demand for the two-wheelers market in the South African. The companies are launching new products to penetrate the market. For instance, in April 2019, Vespa’s First Electric Scooter Has Finally Arrived In SA.
Competitive Analysis:
The major players include Honda, Yamaha, Hero Moto Corp, Bajaj Auto, and TVS. Other key players in the market include Suzuki, BMW, Royal Enfield, KTM, and Piaggio.
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Sai Kiran
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pr@datamintelligence.com
Source: EmailWire.Com 
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