Two-wheeler Engine Market Share and New Trends Analysis: By Its Type, Application, End-use and Forecast for period from 2024 to 2031
The "Two-wheeler Engine Market" has experienced impressive growth in recent years, expanding its market presence and product offerings. Its focus on research and development contributes to its success in the market.
Two-wheeler Engine Market Overview and Report Coverage
A two-wheeler engine refers to the power unit that is used in motorcycles, scooters, and other similar vehicles. These engines typically run on either gasoline or electric power and are responsible for propelling the two-wheeler forward.
The current outlook of the two-wheeler engine market is promising, with a strong demand for motorcycles and scooters worldwide. The market is expected to experience steady growth in the coming years, driven by factors such as increasing urbanization, rising disposable incomes, and a growing preference for two-wheeler vehicles as a mode of transportation.
According to market research, the Two-wheeler Engine Market is expected to grow at a CAGR of 7.9% during the forecasted period(2024 - 2031). This growth is fueled by advancements in engine technology, increasing focus on fuel efficiency and emission control, and the introduction of electric two-wheeler engines.
The latest market trends in the two-wheeler engine industry include a shift towards electric engines, lightweight and compact engine designs, and a focus on integrating smart features and connectivity options. Overall, the future looks bright for the two-wheeler engine market, with increasing innovation and demand driving growth in the industry.
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Market Segmentation
The Two-wheeler Engine Market Analysis by Types is segmented into:
<100 cc100-200 cc200-300 cc>300 cc
The two-wheeler engine market is segmented into four types based on engine capacity: <100 cc, 100-200 cc, 200-300 cc, and >300 cc. The <100 cc market caters to economical and fuel-efficient commuter bikes. The 100-200 cc segment includes mid-range bikes suitable for daily commuting and occasional long rides. The 200-300 cc market consists of high-performance bikes ideal for enthusiasts and thrill-seekers. Finally, the >300 cc market offers premium and powerful bikes targeted at elite riders and sports enthusiasts.
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The Two-wheeler Engine Market Industry Research by Application is segmented into:
CivilMilitary
The two-wheeler engine market finds application in both civil and military sectors. In the civil market, two-wheeler engines are used for transportation, commuting, and recreational purposes. They provide a cost-effective and convenient mode of travel for individuals in urban and rural areas. In the military market, two-wheeler engines are utilized for reconnaissance, patrol, and transport purposes. They offer mobility and agility in various terrains, making them valuable assets for military operations.
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In terms of Region, the Two-wheeler Engine Market available by Region are:
North America: United States Canada Europe: Germany France U.K. Italy Russia Asia-Pacific: China Japan South Korea India Australia China Taiwan Indonesia Thailand Malaysia Latin America: Mexico Brazil Argentina Korea Colombia Middle East & Africa: Turkey Saudi Arabia UAE Korea
The Two-wheeler Engine market in North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa is experiencing significant growth due to increasing demand for fuel-efficient and environmentally friendly vehicles. Key players such as Bajaj Auto, Hero Moto, Honda Motor, TVS Motor, Yamaha Motor, Suzuki, Kawasaki, Zongshen, and The Matsumura Mold & Pattern are driving this growth through innovative products and strategic partnerships. Market opportunities include rising disposable income, urbanization, and government initiatives promoting electric vehicles. The market dynamics are influenced by factors such as changing consumer preferences, technological advancements, and stringent emission norms. Overall, the Two-wheeler Engine market is set for steady growth, with key players focusing on expanding their product portfolios and geographical presence.
Two-wheeler Engine Market Emerging Trends
The global two-wheeler engine market is experiencing several emerging trends, including the growing demand for electric and alternative fuel engines to reduce emissions and dependence on fossil fuels. Additionally, there is a shift towards smaller, more efficient engines that offer better fuel economy and environmental sustainability. The market is also seeing an increase in the adoption of advanced technologies such as electronic fuel injection and variable valve timing to improve performance and efficiency. Current trends include the rising popularity of motorcycles and scooters in urban areas for commuting and recreational purposes, driving the expansion of the two-wheeler engine market.
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Major Market Players
Bajaj AutoHero MotoHonda MotorTVS MotorYamaha MotorSuzukiKawasakiZongshenThe Matsumura Mold & Pattern
The two-wheeler engine market is highly competitive with key players such as Bajaj Auto, Hero MotoCorp, Honda Motor, TVS Motor, Yamaha Motor, Suzuki, Kawasaki, Zongshen, and The Matsumura Mold & Pattern.
Bajaj Auto is one of the leading players in the market with a strong presence in India and key international markets. The company has seen significant market growth in recent years due to its focus on producing high-performance and fuel-efficient engines. Bajaj Auto reported a sales revenue of USD 4.26 billion in FY 2020.
Hero MotoCorp is another major player in the two-wheeler engine market with a dominant market share in India. The company has been focusing on introducing technologically advanced engines and electric vehicles to cater to the growing demand for sustainable transportation solutions. Hero MotoCorp reported a sales revenue of USD 4.2 billion in FY 2020.
Honda Motor is a global leader in the two-wheeler engine market with a strong presence in key markets such as Japan, Southeast Asia, and India. The company has been investing heavily in research and development to introduce innovative engine technologies and improve fuel efficiency. Honda Motor reported a sales revenue of USD 5.9 billion in FY 2020.
Overall, the two-wheeler engine market is witnessing a shift towards electric and hybrid engines, as companies focus on reducing carbon emissions and meeting stringent environmental regulations. The market size is expected to grow significantly in the coming years, driven by increasing demand for two-wheelers in emerging markets and the growing trend towards sustainable transportation solutions.
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