Owing to growing traffic congestion, ease of maneuverability along with
higher fuel efficiency offered by two-wheelers, global two wheeler market is
anticipated to grow at a brisk pace through 2022
 |
| Two Wheeler Tire Market 2022 |
According
to TechSci Research report, “Global
Two Wheeler Market By Vehicle Type, By Engine Capacity, By
Region, Competition Forecast & Opportunities, 2012–2022”, the global
market of two-wheelers is projected to cross $ 127 billion, by 2022. Backed by easy manoeuvrability and high fuel
efficiency of two-wheelers, the global two-wheeler market is anticipated to
witness a robust growth during the forecast period. Moreover, due to rising
traffic congestion and environmental concerns across the globe, demand for
two-wheelers is further expected to surge as they are eco-friendly on account
of lower emissions. Though, two-wheeler market in South America, Middle East
and Asia-Pacific witnessed negative CAGRs during 2012-16 due to crude oil price
crisis, political instability, etc., however, the governments across different
countries are taking various steps for economic revival, which is expected to
positively influence the global two-wheeler market in the coming years.
Browse
147 market data Tables and 392 Figures spread through 503 Pages and an in-depth
TOC on "Global
Two-Wheeler Market" https://www.techsciresearch.com/report/global-two-wheeler-market/1416.html
“Growing
presence of various multinational companies such as Honda, Suzuki, Yamaha,
Bajaj, BMW, Piaggio, Kawasaki, etc., coupled with their increasing focus on research
and development activities and expanding their product portfolio to meet
different consumer requirements is expected to surge demand for two-wheelers in
the coming years across the globe. Moreover, growing consumer inclination
towards electric two-wheelers, due to rising environmental concerns, is expected
to further steer growth in the global two-wheeler market over the next five
years.” said Mr. Karan Chechi, Research Director with TechSci Research, a
research based global management consulting firm.
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