Growing
traffic congestion coupled with ease of maneuverability and higher
fuel efficiency offered by two-wheelers to drive Brazil
two wheeler market through 2024
According
to TechSci Research report, “Brazil Two Wheeler Market By Vehicle Type, By Engine Capacity, Competition,
Forecast & Opportunities, 2024”, Brazil
two wheeler market is one of the largest motorcycle markets in the world and is
projected to grow at a CAGR of more than 10% during 2019-2024, backed by lower
price of two wheelers when compared with car prices. Number of cars in major
metropolis of Brazil doubled from 2001 to 2011, resulting in traffic jam in
cities, which in turn is driving the country’s two wheeler market. Moreover,
increasing need for connectivity in mid-sized and smaller cities and rising purchasing
power is expected to have a positively impact on the market in coming years.
Browse market data Tables and Figures spread
through 70 Pages and an
in-depth TOC on "Brazil Two-Wheeler Market"
In terms of vehicle type, the market can be
segmented into motorcycle, scooter/moped and electric two wheeler. Motorcycle
is the major segment of the market, as it offers better power with high fuel
economy when compared with other counterparts. On the basis of engine capacity,
the two wheeler market can be segmented into less than 100cc, 10-125cc,
126-250cc, 250-500cc and more than 500cc. Owing to its cost effectiveness and
high fuel efficiency, 100-125 cc is the preferred segment for two wheelers
among riders in the country. Moto Honda da Amazônia, Ltda., Triumph Motorcycles
Ltd., Harley Davidson Inc., Yamaha Motor do Brasil Ltda., Dafra Motos, Suzuki Motor
Corp., Traxx, Bayerische Motoren Werke AG and Kawasaki Motors Corp. are some of
the leading market players. Companies operating in the market are using organic
strategies such as product launches, mergers and collaborations to boost their
share.
Customers
can also request for 10% free customization on this report.
“Two wheeler market in Brazil is expected to grow at a double-digit CAGR
during 2019-2024, owing to the presence of various multinational companies such
as Honda, Suzuki, Yamaha, BMW and Kawasaki coupled with their increasing focus
on research & development activities and expanding their product portfolio
to meet different consumer requirements. Moreover, growing consumer inclination
towards electric two-wheelers, due to rising environmental concerns, is
expected to further steer growth in Brazil two-wheeler market over the next
five years.,” said Mr. Karan Chechi, Research Director with TechSci Research, a
research based global management consulting firm.
“Brazil Two Wheeler Market By Vehicle Type, By
Engine Capacity, Competition, Forecast & Opportunities, 2024” has evaluated the future growth potential of Brazil
two wheeler market and provides statistics & information on market size,
structure and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges and opportunities in Brazil two wheeler market.
Global Two Wheeler Market By Vehicle Type
(Scooter/Moped & Motorcycle), By Engine Capacity (Up to 125cc, 126-250cc,
251-500cc, & Above 500cc), By Region (APAC, Africa, South America, Europe,
& Others), Competition Forecast & Opportunities, 2022
India Two Wheeler Market By Vehicle Type
(Motorcycle, Scooter, Moped, Electric Two Wheeler), By Engine Capacity
(<100cc, 100-125cc, 150-180cc, 180-250cc, 250-500cc, >500cc), Competition
Forecast & Opportunities, FY2013 – FY2023
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