The Two-Wheeler Market is segmented by Propulsion Type (Electric, Hybrid and Electric Vehicles, ICE) and by Region (Africa, Asia-Pacific, Europe, Middle East, North America, South America). The report offers market size in both market value in USD and market volume in unit. Further, the report includes a market split by Vehicle Type, Vehicle Configuration, Vehicle Body Type, Propulsion Type, and Fuel Category.

The Two Wheeler Market is projected to grow at a CAGR of around 5.32% during the forecast period, says MarkNtel Advisors in its latest market analysis report.

The Electric Two-Wheeler Market is segmented by Region (Africa, Asia-Pacific, Europe, Middle East, North America, South America). The report offers market size in both market value in USD and market volume in unit. Further, the report includes a market split by Vehicle Type, Vehicle Configuration, Vehicle Body Type, Propulsion Type, and Fuel Category.

This statistic represents the size of the global market for electricity-powered two-wheelers between 2017 and 2024. It is predicted that the market for electric motorcycles and scooters will reach some ** billion U.S. dollars in 2024.

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The two-wheeler engine market is estimated to grow at a CAGR of 6.82% between 2022 and 2027. The size of the market is forecast to increase by 24.64 million units. The growth of the market depends on serval factors, including rising levels of road congestion due to rapid urbanization, growth of multinational two-wheeler OEMs in emerging countries, and increasing electronic content in two-wheelers.

This report extensively covers market segmentation by application (motorcycles and scooters), technology (ICE and electric), and geography (APAC, South America, North America, Europe, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

What will be the size of the Two-Wheeler Engine Market During the Forecast Period?

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Parent Market Analysis

Technavio categorizes the global two-wheeler engine market as a part of the global auto parts and equipment market within the global auto components market. The global auto parts and equipment market covers companies engaged in the production of parts and accessories for automobiles like passenger cars (PCs), electric vehicles (EVs), commercial vehicles (CVs), heavy-duty vehicles, off-road vehicles, motorcycles, scooters, quad bikes, and three-wheelers. Our research report has extensively covered external factors influencing the parent market growth during the forecast period.

Two-Wheeler Engine Market: Key Drivers, Trends, Challenges, and Customer Landscape

The increasing electronic content in two-wheelers is notably driving the market growth, although factors such as the growth of the two-wheeler rental market may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Two-Wheeler Engine Market Driver

The increasing electronic content in two-wheelers is notably driving the motorcycle engine market growth. The worldwide demand for two-wheelers is on the rise. There is an increasing demand for enhancing the safety and comfort levels of two-wheelers, which is made possible by the integration of advanced electronics. This demand is enabling the rapid electrification of mechanical components and increasing the adoption of electronic technologies in two-wheelers.

The major goal of the industry is autonomous two-wheelers that are electronically driven by onboard computers. This goal is resulting in the industry adopting new technologies such as start-stop systems. Additionally, the development of electronic fuel injection and ride-by-wire technologies paved the way for the development of motorcycle cruise control mechanisms. Furthermore, the range of consumer needs and OEM offerings has widened to include safety, performance, stability, and comfort, as these parameters are being refined and improved every day. This evolution has outgrown the utility of conventional mechanical components, which lack the capabilities to solve several emerging automotive challenges. It has also led to an upsurge in the growth rate of the automotive electronics market. Thus, these aspects are expected to drive the growth of the global motorcycle engine market during the forecast period.

Significant Two-Wheeler Engine Market Trend

The emergence of dual-sport motorcycles is an emerging trend in the motorcycle engine market growth. Growing competitive intensity in the global two-wheeler industry is leading to the launch of new models across segments. There have been sub-segments within the two-wheeler industry that have emerged in the past few years. The popularity of such segments is rapidly increasing among riders as they boast of the combined benefits of two categories of two-wheelers.

The popularity of dual-sport motorcycles is growing among motorcycle enthusiasts. The broad capabilities and potential associated with such a category of motorcycles make them suitable for use as sports motorcycles while riding through streets or off-roading. These motorcycles are often known as street versions of endure-type off-road motorcycles. These motorcycles come equipped with a large displacement multi-cylinder engine for adequate performance in both on-road and off-road conditions. Some of these motorcycles are also offered with saddlebags. Hence, these factors will fuel the growth of the motorcycle engine market during the forecast period.

Major Two-Wheeler Engine Market Challenge

The growth of the two-wheeler rental market is a major challenge impeding the motorcycle engine market growth. Two-wheelers are mainly used for commuting over short distances, which can be fulfilled by renting a vehicle. The increasing launch of rental services for motorcycles and scooters p

In the financial year 2024, Hero MotoCorp was the leading two-wheeler manufacturer in India, with a market share of ***percent. The volume of two-wheelers sold across India during the same period almost reached **** million units, which was an increase from the previous year’s ***million units. Two-wheel vehicles industry in India Two-wheel vehicles are divided into three subcategories in India, namely, motorcycles, scooters, and mopeds. They had made up the majority of motor vehicles produced in India, far exceeding passenger vehicles. As the leading manufacturer in India, Hero MotoCorp was also the world’s largest manufacturer of two-wheel vehicles. Meanwhile, the leading foreign manufacturers were exclusively Japanese companies. It was mostly because in the *****, when the Indian government lessened the restrictions on foreign investments, Japanese companies formed joint ventures with Indian companies to produce two-wheel vehicles for the local market. Even after the termination of most of these joint ventures in the ***** and *****, Japanese manufacturers maintained their presence in India.  Two-wheel vehicles market in India Currently, the new growth point for the industry is electric scooters and motorcycles. Many of the leading manufacturers have already started the production of electric vehicles. The Indian government has set a goal to electrify a major part of India’s two-wheelers and has provided considerable financial incentives. However, because of the impact of the COVID-19 pandemic on the sales of automobiles in India, the electrification target might be delayed. More investment in the electricity infrastructure, especially the renewable energy sector, could potentially accelerate the process.

The global Two-Wheeler Market size is expected to expand from USD 279.5 billion in 2024 to USD 481.97 billion by 2034, demonstrating a CAGR of more than 5.6% between 2025 and 2034. Key industry players include Ather, Bajaj, BMW Motorrad, Ducati, Harley-Davidson, Hero MotoCorp, Honda, Jiangsu Xinri E-Vehicle, Kawasaki, KTM, Niu Technologies, Ola, Piaggio, Royal Enfield, Suzuki, Texas Instruments, Triumph Motorcycles, TVS Motor, Yadea Group Holdings, Yamaha Motor.

The Two-Wheeler/Motorcycle Insurance Market is Segmented by Policy Type (Third Party, Comprehensive, Collision and More), Distribution Channel (Direct To Customer, Intermediated, and Embedded), Vehicle Propulsion (Internal Combustion, Electric) and Region (North America, Europe, Asia-Pacific, South America, and Middle East and Africa). The Market Forecasts are Provided in Terms of Value (USD).

The Global Electric Vehicle Two-Wheeler Market was valued at USD 126.04 billion in 2024 and is expected to reach USD 218.46 billion by 2030 with a CAGR of 9.60% during the forecast period.

Germany Market Share: Motorcycle: by Brand: KTM data was reported at 7.510 % in 2024. This records an increase from the previous number of 6.830 % for 2023. Germany Market Share: Motorcycle: by Brand: KTM data is updated yearly, averaging 8.460 % from Dec 2010 (Median) to 2024, with 15 observations. The data reached an all-time high of 10.330 % in 2020 and a record low of 5.300 % in 2010. Germany Market Share: Motorcycle: by Brand: KTM data remains active status in CEIC and is reported by Federal Motor Transport Authority. The data is categorized under Global Database’s Germany – Table DE.RA016: Market Share: Motorcycle: by Brand.

Market Research Intellect presents the Two Wheeler Accessories Market Report-estimated at 25 billion USD in 2024 and predicted to grow to 40 billion USD by 2033, with a CAGR of 6.5% over the forecast period. Gain clarity on regional performance, future innovations, and major players worldwide.

The global motorcycle market, valued at $82.08 billion in 2025, is poised for significant growth. While the exact CAGR isn't provided, considering the robust growth in emerging economies and the increasing popularity of electric motorcycles, a conservative estimate of 5% CAGR over the forecast period (2025-2033) seems reasonable. This would project the market to surpass $120 billion by 2033. Key drivers include rising disposable incomes in developing nations, increasing urbanization leading to greater commuting needs, and the growing appeal of motorcycles as a cost-effective and efficient mode of transportation. Furthermore, advancements in electric motorcycle technology, including longer battery life and improved performance, are fueling market expansion. However, stricter emission regulations in certain regions and the fluctuating prices of raw materials, particularly for fuel-based motorcycles, present challenges to consistent growth. The market is segmented by application (personal and commercial) and type (fuel and electric), with the electric segment exhibiting the fastest growth trajectory due to environmental concerns and government incentives. The Asia Pacific region, particularly India and China, holds the largest market share due to high motorcycle production and consumption. Competition is fierce among major players like Honda, Yamaha, Hero MotoCorp, and emerging electric motorcycle manufacturers, leading to innovation in design, technology, and affordability. The market's future trajectory will be largely determined by the successful integration of electric motorcycle technology, governmental policies supporting sustainable transportation, and the overall economic growth in key markets. The continuous development of advanced features like connected technology and enhanced safety systems in both fuel and electric motorcycles will also play a crucial role in shaping consumer preferences and driving market expansion. Despite potential headwinds such as economic downturns and supply chain disruptions, the overall outlook for the motorcycle market remains optimistic due to its inherent adaptability and the enduring appeal of two-wheeled transportation.

Find detailed analysis in Market Research Intellect's Two Wheeler Logistics Market Report, estimated at USD 75 billion in 2024 and forecasted to climb to USD 120 billion by 2033, reflecting a CAGR of 6.5%.Stay informed about adoption trends, evolving technologies, and key market participants.

The Two-Wheelers Market was valued at $365.32 billion, in 2024, and it is projected to surge to $455.32 billion by 2030 due to rising urbanization worldwide

Germany Market Share: Motorcycle: by Brand: Kawasaki data was reported at 6.990 % in 2024. This records an increase from the previous number of 6.870 % for 2023. Germany Market Share: Motorcycle: by Brand: Kawasaki data is updated yearly, averaging 7.230 % from Dec 2010 (Median) to 2024, with 15 observations. The data reached an all-time high of 10.600 % in 2011 and a record low of 6.330 % in 2022. Germany Market Share: Motorcycle: by Brand: Kawasaki data remains active status in CEIC and is reported by Federal Motor Transport Authority. The data is categorized under Global Database’s Germany – Table DE.RA016: Market Share: Motorcycle: by Brand.

As of December 2024, Honda held the largest share of the U.S. motorcycle market, marginally outpacing Wisconsin-based Harley-Davidson, which reached a market share of around **** percent of the motorcycle market in the United States. Asian motorcycle brands dominate the market The leading Asian motorcycle brands made up nearly **** of the U.S. motorcycle market in 2024. Honda, alone, accounted for a ***** of the market, while Yamaha, Kawasaki, and Suzuki constituted the remaining ** percent. The U.S. is an important market globally for these brands, with annual revenue in the sector amounting to nearly ***** billion U.S. dollars. However, the U.S. no longer among the **** largest motorcycle markets globally, as it had before 2021. Instead, Asian countries, including India and China, and Brazil now lead the global market. U.S. motorcycle manufacturer market share Harley-Davidson is the close second in motorcycle sales in the United States. The name alone conjures up the stinging scent of burnt gasoline and the roaring sound of bulky chrome and steel bikes glinting in the sun. Harley-Davidson was founded over 100 years ago in Milwaukee, Wisconsin by William S. Harley, as well as Arthur, Walter and William A. Davidson. The company has established itself as one of the key brands on the global as well as the domestic U.S. motorcycle market.

Explore the thriving Global Electric Two Wheeler market, which is expected to grow at an impressive CAGR of 25.57% from 2023 to 2028. This remarkable growth is fueled by the increasing environmental concerns of governments across Southeast Asia, North America, Europe, the Middle East, and South America.

In 2023, ***** was the leading motorcycle manufacturer worldwide, accounting for over ********* of all motorcycles sold globally. The second-largest motorcycle manufacturer was ****, which held a *** percent market share.

Connected Two-Wheeler Market Outlook

According to our latest research, the global connected two-wheeler market size reached USD 3.2 billion in 2024, reflecting robust momentum driven by rising consumer adoption of smart mobility solutions. The sector is poised for significant expansion, exhibiting a CAGR of 12.6% from 2025 to 2033. By 2033, the market is forecasted to attain a value of USD 9.4 billion. This notable growth trajectory is primarily fueled by the increasing penetration of IoT technologies, growing consumer preference for enhanced safety and navigation features, and the rapid proliferation of urbanization, which is reshaping the landscape of personal and fleet mobility worldwide.

One of the most significant growth drivers for the connected two-wheeler market is the surging demand for real-time connectivity and advanced telematics among urban commuters. Consumers are increasingly seeking vehicles that offer seamless integration with smartphones and cloud-based services, enabling features such as remote diagnostics, ride analytics, and anti-theft alerts. These capabilities not only enhance the riding experience but also contribute to improved safety and operational efficiency. The growing awareness regarding the benefits of connected mobility, coupled with a broadening ecosystem of mobile applications and digital services, is propelling OEMs and technology providers to invest heavily in R&D, accelerating the deployment of next-generation two-wheeler connectivity solutions.

Another pivotal factor underpinning market expansion is the evolving regulatory landscape and government initiatives aimed at improving road safety and reducing emissions. Several countries, particularly in Europe and Asia Pacific, are introducing mandates for advanced safety features, such as emergency call systems and vehicle-to-everything (V2X) communication, in two-wheelers. These regulations are compelling manufacturers to integrate sophisticated connectivity modules and telematics platforms as standard offerings. Additionally, the proliferation of electric two-wheelers, which inherently rely on digital interfaces for battery management and route optimization, is further amplifying the demand for connected solutions. This confluence of regulatory support and technological innovation is expected to sustain long-term growth across diverse markets.

The rising influence of shared mobility and the emergence of connected fleet management solutions are also shaping the market landscape. Fleet operators and ride-sharing platforms are increasingly adopting connected two-wheelers to optimize route planning, monitor rider behavior, and ensure timely maintenance. The integration of cloud-based analytics and real-time data exchange is enabling these enterprises to enhance operational efficiency, reduce downtime, and deliver superior customer experiences. This trend is particularly pronounced in densely populated urban centers, where last-mile delivery services and micro-mobility solutions are gaining traction. As digitalization becomes a cornerstone of mobility strategies, the connected two-wheeler market is set to witness accelerated adoption among both individual consumers and institutional buyers.

Regionally, Asia Pacific continues to dominate the global connected two-wheeler market, accounting for nearly 48% of total revenues in 2024. This leadership is attributed to the region’s vast two-wheeler population, rapid urbanization, and the proactive adoption of smart mobility technologies by both consumers and governments. North America and Europe are also experiencing robust growth, propelled by technological advancements and supportive regulatory frameworks. Meanwhile, emerging markets in Latin America and the Middle East & Africa are gradually embracing connected mobility, presenting untapped opportunities for market participants. The interplay of demographic trends, infrastructure development, and policy initiatives across regions will play a crucial role in shaping the future trajectory of the connected two-wheeler market.

Vehicle Type Analysis

The connected two-wheeler market is segmented by vehicle type into scooters, motorcycles, mopeds, and others, each contributing uniquely to the overall industry dynamics. Among these, motorcycles continue to command the largest share, accounting for approximately 52% of the market in 2024. This dominance is attributed to the widespread popularity of motorcycles

Discover the booming two-wheeler motorcycle market! Explore key trends, growth drivers, and regional insights in this comprehensive analysis. Learn about leading brands, market segmentation, and future projections until 2033.