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Latin America Two-Wheeler Market Report by Vehicle Type (Motorcycle, Scooter, Moped), Fuel Type (Gasoline, Electric), Engine Capacity (Less Than 100cc, 100-125cc, 126-250cc, 250-500cc, More Than 500cc), Technology (Manual, Automatic), and Country 2024-2032

Market Report I 2024-04-08 I 137 Pages I IMARC Group

The Latin America two-wheeler market size reached 12.1 Million Units in 2023. Looking forward, IMARC Group expects the market to reach 36.2 Million Units by 2032, exhibiting a growth rate (CAGR) of 12.6% during 2024-2032.

Two-wheeler vehicles mainly include scooters, motorcycles, and mopeds. The high adoption rate of two-wheelers can be primarily attributed to their enhanced fuel efficiency, compact design, cost-effectiveness, and lower carbon emissions. Two-wheelers are one of the most versatile modes of transportation, particularly for easy maneuvering through congested roads.

The prevalent trend of personal vehicle ownership, particularly among the millennial population, is driving the demand for two-wheelers in Latin America. Additionally, the increasing number of women commuters, especially across Brazil, Mexico, Argentina, etc., is also augmenting the sales of two-wheelers. In line with this, several regional manufacturers are launching specialized vehicles designed to cater to the preferences of the women population. Moreover, the growing penetration of various international two-wheeler OEMs in the region is also driving the market growth. In line with this, improving consumer living standards supported by their rising disposable income levels are catalyzing the demand for advanced and highly-powered motorcycles and scooters. Furthermore, the rapid launch of new, attractive two-wheeler models equipped with the latest technologies at affordable prices is also propelling the market in Latin America. Apart from this, the rising environmental concerns towards increasing vehicular pollution levels have augmented the need for electric two-wheelers. In the coming years, the growing number of government initiatives for promoting the adoption of electric and hybrid two-wheelers will continue to drive the market growth in Latin America.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the Latin America two-wheeler market report, along with forecasts at the regional and country levels from 2024-2032. Our report has categorized the market based on vehicle type, fuel type, engine capacity and technology.

Breakup by Vehicle Type:

Motorcycle
Scooter
Moped

Breakup by Fuel Type:

Gasoline
Electric

Breakup by Engine Capacity:

Less Than 100cc
100-125cc
126-250cc
250-500cc
More Than 500cc

Breakup by Technology:

Manual
Automatic

Breakup by Country:

Brazil
Mexico
Colombia
Argentina
Peru
Ecuador
Chile
Others

Competitive Landscape:
The competitive landscape of the industry has also been examined with some of the key players being Bajaj Auto Limited (Bajaj Group), Dafra Motos (Itavema S/A), Honda de Mexico S.A. de C.V. (The Honda Motor Company Ltd.), Kawasaki Motors Manufacturing Corp. U.S.A. (Kawasaki Heavy Industries, Ltd.), Lifan Industry (Group) Co. Ltd, Motomel S.A., Shineray Do Brasil SA, Suzuki Motor Corporation, TVS Motor Mexico (TVS Motor Company Limited), Wanxin Group International, Yamaha Motor de Mexico SA de CV (Yamaha Motor Co. Ltd.), Zanella Hnos & Cia SACIFI., and Zongshen Automobile Industry Manufacturing Co. Ltd. (Zongshen Industry Group Co. Ltd.).

Key Questions Answered in This Report

1. What was the size of the Latin America two-wheeler market in 2023?
2. What is the expected growth rate of the Latin America two-wheeler market during 2024-2032?
3. What are the key factors driving the Latin America two-wheeler market?
4. What has been the impact of COVID-19 on the Latin America two-wheeler market?
5. What is the breakup of the Latin America two-wheeler market based on the vehicle type?
6. What are the key regions in the Latin America two-wheeler market?
7. Who are the key players/companies in the Latin America two-wheeler market?

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Latin America Two-Wheeler Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Vehicle Type
6.1 Motorcycle
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Scooter
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Moped
6.3.1 Market Trends
6.3.2 Market Forecast
7 Market Breakup by Fuel Type
7.1 Gasoline
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Electric
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by Engine Capacity
8.1 Less Than 100cc
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 100-125cc
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 126-250cc
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 250-500cc
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 More Than 500cc
8.5.1 Market Trends
8.5.2 Market Forecast
9 Market Breakup by Technology
9.1 Manual
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Automatic
9.2.1 Market Trends
9.2.2 Market Forecast
10 Market Breakup by Country
10.1 Brazil
10.1.1 Market Trends
10.1.2 Market Breakup by Vehicle Type
10.1.3 Market Breakup by Fuel Type
10.1.4 Market Breakup by Engine Capacity
10.1.5 Market Breakup by Technology
10.1.6 Market Forecast
10.2 Mexico
10.2.1 Market Trends
10.2.2 Market Breakup by Vehicle Type
10.2.3 Market Breakup by Fuel Type
10.2.4 Market Breakup by Engine Capacity
10.2.5 Market Breakup by Technology
10.2.6 Market Forecast
10.3 Colombia
10.3.1 Market Trends
10.3.2 Market Breakup by Vehicle Type
10.3.3 Market Breakup by Fuel Type
10.3.4 Market Breakup by Engine Capacity
10.3.5 Market Breakup by Technology
10.3.6 Market Forecast
10.4 Argentina
10.4.1 Market Trends
10.4.2 Market Breakup by Vehicle Type
10.4.3 Market Breakup by Fuel Type
10.4.4 Market Breakup by Engine Capacity
10.4.5 Market Breakup by Technology
10.4.6 Market Forecast
10.5 Peru
10.5.1 Market Trends
10.5.2 Market Breakup by Vehicle Type
10.5.3 Market Breakup by Fuel Type
10.5.4 Market Breakup by Engine Capacity
10.5.5 Market Breakup by Technology
10.5.6 Market Forecast
10.6 Ecuador
10.6.1 Market Trends
10.6.2 Market Breakup by Vehicle Type
10.6.3 Market Breakup by Fuel Type
10.6.4 Market Breakup by Engine Capacity
10.6.5 Market Breakup by Technology
10.6.6 Market Forecast
10.7 Chile
10.7.1 Market Trends
10.7.2 Market Breakup by Vehicle Type
10.7.3 Market Breakup by Fuel Type
10.7.4 Market Breakup by Engine Capacity
10.7.5 Market Breakup by Technology
10.7.6 Market Forecast
10.8 Others
10.8.1 Market Trends
10.8.2 Market Breakup by Vehicle Type
10.8.3 Market Breakup by Fuel Type
10.8.4 Market Breakup by Engine Capacity
10.8.5 Market Breakup by Technology
10.8.6 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 Bajaj Auto Limited (Bajaj Group)
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.1.3 Financials
15.3.2 Dafra Motos (Itavema S/A)
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.3 Honda de Mexico S.A. de C.V. (The Honda Motor Company Ltd.)
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.4 Kawasaki Motors Manufacturing Corp. U.S.A. (Kawasaki Heavy Industries Ltd.)
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.5 Lifan Industry (Group) Co., Ltd.
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.5.3 Financials
15.3.6 Motomel S.A.
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.7 Shineray Do Brasil SA
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.8 Suzuki Motor Corporation
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.8.3 Financials
15.3.8.4 SWOT Analysis
15.3.9 TVS Motor Mexico (TVS Motor Company Limited)
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.10 Wanxin Group International
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
15.3.11 Yamaha Motor de Mexico SA de CV (Yamaha Motor Co. Ltd.)
15.3.11.1 Company Overview
15.3.11.2 Product Portfolio
15.3.12 Zanella Hnos & Cia SACIFI
15.3.12.1 Company Overview
15.3.12.2 Product Portfolio
15.3.13 Zongshen Automobile Industry Manufacturing Co. Ltd. (Zongshen Industry Group Co. Ltd.)
15.3.13.1 Company Overview
15.3.13.2 Product Portfolio

Figure 1: Latin America: Two-Wheeler Market: Major Drivers and Challenges
Figure 2: Latin America: Two-Wheeler Market: Sales Volume (in Million Units), 2018-2023
Figure 3: Latin America: Two-Wheeler Market Forecast: Sales Volume (in Million Units), 2024-2032
Figure 4: Latin America: Two-Wheeler Market: Breakup by Vehicle Type (in %), 2023
Figure 5: Latin America: Two-Wheeler Market: Breakup by Fuel Type (in %), 2023
Figure 6: Latin America: Two-Wheeler Market: Breakup by Engine Capacity (in %), 2023
Figure 7: Latin America: Two-Wheeler Market: Breakup by Technology (in %), 2023
Figure 8: Latin America: Two-Wheeler Market: Breakup by Country (in %), 2023
Figure 9: Latin America: Two-Wheeler (Motorcycle) Market: Sales Volume (in Million Units), 2018 & 2023
Figure 10: Latin America: Two-Wheeler (Motorcycle) Market Forecast: Sales Volume (in Million Units), 2024-2032
Figure 11: Latin America: Two-Wheeler (Scooter) Market: Sales Volume (in Million Units), 2018 & 2023
Figure 12: Latin America: Two-Wheeler (Scooter) Market Forecast: Sales Volume (in Million Units), 2024-2032
Figure 13: Latin America: Two-Wheeler (Moped) Market: Sales Volume (in Million Units), 2018 & 2023
Figure 14: Latin America: Two-Wheeler (Moped) Market Forecast: Sales Volume (in Million Units), 2024-2032
Figure 15: Latin America: Two-Wheeler (Gasoline) Market: Sales Volume (in Million Units), 2018 & 2023
Figure 16: Latin America: Two-Wheeler (Gasoline) Market Forecast: Sales Volume (in Million Units), 2024-2032
Figure 17: Latin America: Two-Wheeler (Electric) Market: Sales Volume (in Million Units), 2018 & 2023
Figure 18: Latin America: Two-Wheeler (Electric) Market Forecast: Sales Volume (in Million Units), 2024-2032
Figure 19: Latin America: Two-Wheeler (Less Than 100cc) Market: Sales Volume (in Million Units), 2018 & 2023
Figure 20: Latin America: Two-Wheeler (Less Than 100cc) Market Forecast: Sales Volume (in Million Units), 2024-2032
Figure 21: Latin America: Two-Wheeler (100-125cc) Market: Sales Volume (in Million Units), 2018 & 2023
Figure 22: Latin America: Two-Wheeler (100-125cc) Market Forecast: Sales Volume (in Million Units), 2024-2032
Figure 23: Latin America: Two-Wheeler (126-250cc) Market: Sales Volume (in Million Units), 2018 & 2023
Figure 24: Latin America: Two-Wheeler (126-250cc) Market Forecast: Sales Volume (in Million Units), 2024-2032
Figure 25: Latin America: Two-Wheeler (250-500cc) Market: Sales Volume (in Million Units), 2018 & 2023
Figure 26: Latin America: Two-Wheeler (250-500cc) Market Forecast: Sales Volume (in Million Units), 2024-2032
Figure 27: Latin America: Two-Wheeler (More Than 500cc) Market: Sales Volume (in Million Units), 2018 & 2023
Figure 28: Latin America: Two-Wheeler (More Than 500cc) Market Forecast: Sales Volume (in Million Units), 2024-2032
Figure 29: Latin America: Two-Wheeler (Manual) Market: Sales Volume (in Million Units), 2018 & 2023
Figure 30: Latin America: Two-Wheeler (Manual) Market Forecast: Sales Volume (in Million Units), 2024-2032
Figure 31: Latin America: Two-Wheeler (Automatic) Market: Sales Volume (in Million Units), 2018 & 2023
Figure 32: Latin America: Two-Wheeler (Automatic) Market Forecast: Sales Volume (in Million Units), 2024-2032
Figure 33: Brazil: Two-Wheeler Market: Sales Volume (in Million Units), 2018 & 2023
Figure 34: Brazil: Two-Wheeler Market: Breakup by Vehicle Type (in %), 2023
Figure 35: Brazil: Two-Wheeler Market: Breakup by Fuel Type (in %), 2023
Figure 36: Brazil: Two-Wheeler Market: Breakup by Engine Capacity (in %), 2023
Figure 37: Brazil: Two-Wheeler Market: Breakup by Technology (in %), 2023
Figure 38: Brazil: Two-Wheeler Market Forecast: Sales Volume (in Million Units), 2024-2032
Figure 39: Mexico: Two-Wheeler Market: Sales Volume (in Million Units), 2018 & 2023
Figure 40: Mexico: Two-Wheeler Market: Breakup by Vehicle Type (in %), 2023
Figure 41: Mexico: Two-Wheeler Market: Breakup by Fuel Type (in %), 2023
Figure 42: Mexico: Two-Wheeler Market: Breakup by Engine Capacity (in %), 2023
Figure 43: Mexico: Two-Wheeler Market: Breakup by Technology (in %), 2023
Figure 44: Mexico: Two-Wheeler Market Forecast: Sales Volume (in Million Units), 2024-2032
Figure 45: Colombia: Two-Wheeler Market: Sales Volume (in Million Units), 2018 & 2023
Figure 46: Colombia: Two-Wheeler Market: Breakup by Vehicle Type (in %), 2023
Figure 47: Colombia: Two-Wheeler Market: Breakup by Fuel Type (in %), 2023
Figure 48: Colombia: Two-Wheeler Market: Breakup by Engine Capacity (in %), 2023
Figure 49: Colombia: Two-Wheeler Market: Breakup by Technology (in %), 2023
Figure 50: Colombia: Two-Wheeler Market Forecast: Sales Volume (in Million Units), 2024-2032
Figure 51: Argentina: Two-Wheeler Market: Sales Volume (in Million Units), 2018 & 2023
Figure 52: Argentina: Two-Wheeler Market: Breakup by Vehicle Type (in %), 2023
Figure 53: Argentina: Two-Wheeler Market: Breakup by Fuel Type (in %), 2023
Figure 54: Argentina: Two-Wheeler Market: Breakup by Engine Capacity (in %), 2023
Figure 55: Argentina: Two-Wheeler Market: Breakup by Technology (in %), 2023
Figure 56: Argentina: Two-Wheeler Market Forecast: Sales Volume (in Million Units), 2024-2032
Figure 57: Peru: Two-Wheeler Market: Sales Volume (in Million Units), 2018 & 2023
Figure 58: Peru: Two-Wheeler Market: Breakup by Vehicle Type (in %), 2023
Figure 59: Peru: Two-Wheeler Market: Breakup by Fuel Type (in %), 2023
Figure 60: Peru: Two-Wheeler Market: Breakup by Engine Capacity (in %), 2023
Figure 61: Peru: Two-Wheeler Market: Breakup by Technology (in %), 2023
Figure 62: Peru: Two-Wheeler Market Forecast: Sales Volume (in Million Units), 2024-2032
Figure 63: Ecuador: Two-Wheeler Market: Sales Volume (in Million Units), 2018 & 2023
Figure 64: Ecuador: Two-Wheeler Market: Breakup by Vehicle Type (in %), 2023
Figure 65: Ecuador: Two-Wheeler Market: Breakup by Fuel Type (in %), 2023
Figure 66: Ecuador: Two-Wheeler Market: Breakup by Engine Capacity (in %), 2023
Figure 67: Ecuador: Two-Wheeler Market: Breakup by Technology (in %), 2023
Figure 68: Ecuador: Two-Wheeler Market Forecast: Sales Volume (in Million Units), 2024-2032
Figure 69: Chile: Two-Wheeler Market: Sales Volume (in Million Units), 2018 & 2023
Figure 70: Chile: Two-Wheeler Market: Breakup by Vehicle Type (in %), 2023
Figure 71: Chile: Two-Wheeler Market: Breakup by Fuel Type (in %), 2023
Figure 72: Chile: Two-Wheeler Market: Breakup by Engine Capacity (in %), 2023
Figure 73: Chile: Two-Wheeler Market: Breakup by Technology (in %), 2023
Figure 74: Chile: Two-Wheeler Market Forecast: Sales Volume (in Million Units), 2024-2032
Figure 75: Others: Two-Wheeler Market: Sales Volume (in Million Units), 2018 & 2023
Figure 76: Others: Two-Wheeler Market Forecast: Sales Volume (in Million Units), 2024-2032
Figure 77: Latin America: Two-Wheeler Industry: SWOT Analysis
Figure 78: Latin America: Two-Wheeler Industry: Value Chain Analysis
Figure 79: Latin America: Two-Wheeler Industry: Porter's Five Forces Analysis

Table 1: Latin America: Two-Wheeler Market: Key Industry Highlights, 2023 and 2032
Table 2: Latin America: Two-Wheeler Market Forecast: Breakup by Vehicle Type (in Million Units), 2024-2032
Table 3: Latin America: Two-Wheeler Market Forecast: Breakup by Fuel Type (in Million Units), 2024-2032
Table 4: Latin America: Two-Wheeler Market Forecast: Breakup by Engine Capacity (in Million Units), 2024-2032
Table 5: Latin America: Two-Wheeler Market Forecast: Breakup by Technology (in Million Units), 2024-2032
Table 6: Latin America: Two-Wheeler Market Forecast: Breakup by Country (in Million Units), 2024-2032
Table 7: Latin America: Two-Wheeler Market: Competitive Structure
Table 8: Latin America: Two-Wheeler Market: Key Players

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