India Used Two Wheeler (2W) Market- Revenue, Growth, Analysis, Outlook, Trends, Sales and Size, Forecast, Competitions and Major Players: Ken Research

0


Industry Structure for India Used 2W Market

The Indian two wheelers industry has evolved in many folds in terms of technology and total number of two wheelers being manufactured and produced. Two wheelers in India can be seen as an alternative to walking, riding bicycle and public transit systems. Presently, the country is the largest producer and manufacturer of two wheelers in the world followed by China. Rising fuel prices is one of the primary growth drivers for two-wheelers due to their higher fuel efficiency. In India, commuters across all age groups use motorized vehicles, especially two wheelers owing to the escalating population and rapid increase in traffic congestion, thereby making two wheelers as the most appropriate and convenient mode of transportation in urban areas.

The market has attained speedy growth over the review period of five years from FY’2015 to FY’2021. The demand for used two wheelers has seen a constant rise over the past few years, especially from models like Honda Activa, Aviator, TVS Jupiter, Bajaj Pulsar and Discover. 99.5% of the used two wheelers market in terms of sales volume was observed to be unorganized which comprises of individual sellers, local mechanics and small dealerships.

Market Size and Market Segmentation, FY’2021

India Used Two Wheeler Market is at the Growth Stage, with organized players increasing their market penetration. The overall market increased from ~ Mn Units in FY’2015 to ~ Mn Units in FY’2021, growing at a double digit positive CAGR during the period.

By Type of Market Structure

The India used two wheeler market is dominated by the unorganized market with a share of ~% during the FY’2021, while organized sector is making its presence in the overall market.

By Type of Two Wheeler

The market has continued to be dominated by motorcycles with a massive volume share of ~% during the FY’2021. This is because male riders travelling a longer distance still prefer motorbikes instead of a scooter due to larger engine and greater mileage.

Request For Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTE1MDY2

By Distribution Channel

Due to low awareness regarding the existence of organized online and offline players, the majority of transactions conducted in the market are through C2C or offline B2C channel. The C2C channel controlled a share of ~ % to the total sales volume in the used two-wheeler market during the FY’2021. On the other hand, the B2C channel controlled the remaining significant share of ~ % in the used two wheeler sales space. C2C Market is dominated by buying and selling of Used Two Wheelers between Friends and Family.

By Stock Piece and Customized Vehicles

During FY’2021, stock piece contributed to a majority of the used two-wheelers sold in India and consisted of standard vehicles manufactured by companies, thus evaluated at a volume share of ~ % in India used two wheelers market.

The total numbers of individuals who are bike enthusiasts and are able to afford expensive bikes constitute a very small proportion of buyers in the market for new customized bikes, thereby capturing the remaining ~ % volume share in the FY’2021.

india-used-two-wheeler-market

By Source of Manufacturing

Domestically manufactured bikes have dominated the sale of used bikes and scooters in India with a hefty share of ~ % in the sales volume during FY’2021. Since India is a middle income country, price and mileage are the most important factors that Indians consider before purchasing a new vehicle. This is the major factor behind domestic companies focusing on production of low maintenance and high performance bikes and scooters.

By Engine Capacity

On the basis of engine capacity of two-wheelers, it has been observed that used bikes with 100-110 cc engine capacity have been mostly purchased by buyers. The share of this segment in the volume sales was noted at ~% during FY’2021. On the other hand, engine capacities with 125-135 cc, 150-200 cc and others were observed to capture the remaining ~% volume share in the FY’2021.

By Average Ownership Period of Used Two Wheelers

It has been observed that presently, Indians mostly use a two-wheeler for at least a period of three to five years before disposing it off. This figure has dropped from an average of six to seven years in the recent past due to frequent launches of two wheelers and effective marketing techniques used by companies.

By Manufacturer of Two Wheelers

It has been found that hero is the major players in the Indian used two wheeler market which is also the global leader and largest player in the new two-wheeler market. Honda is the second most dominating company in the Indian used two wheeler market. Other players include Hero, Honda, TVS, Bajaj and others.

By Certification of Two Wheelers

The Indian used two wheeler market is further segmented into certified and non-certified vehicles where certification is both verbal and written warranty provided. Certain unorganized regional players might be giving certification too. The market is highly dominated by the Non-Certified vehicles with ~ % share in FY’2021.

By Financing of Two Wheeler

During FY’2021, Non-Financed two wheeler contributed to a majority of the used two-wheelers sold in India, thus evaluated at a volume share of ~ % in India used two wheelers market.

Key Segments Covered in India Used Two Wheeler Market, FY’2021:-

By Type of Market

Organized

Unorganized

By Sales Channel

C2C Channel

B2C Channel

By Source

Domestic

Imports

By Modification

Stock Piece

Customized

By Type of Bike

Motorcycles

Scooters

By Engine Capacity

100CC-110CC

125CC-135CC

150CC-200CC

Others

Request For Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTE1MDY2

By Replacement Cycle

0-2 years

2 years-4 years

4 years-5 years

5 years – 6 years

6+ years

By Certification

Certified

Non Certified

By Financing

Financed

Non Financed

Key Target Audience:-

Two Wheeler OEM’s

Two Wheeler Dealers

Online Portals (Aggregators/Marketplace Platform)

Online Classified Platforms

E-Commerce & Hyperlocal Companies

Private Equity Investors

Time Period Captured in the Report:-

Historical Period: FY’2015-FY’2021

Forecast Period: FY’2021–FY’2025

Companies Covered:-

Organized Used 2W Companies

Honda Best Deal

CredR

Mahindra First Choice

Bike Bazaar

Suzuki Best Value

Bikers Highway

Royal Enfield Vintage

Ducati

Online Used 2W Platforms

Droom

Quikr

Olx

Bikes4Sale

CarandBike

Bike Jinni

Bikes24

Key Topics Covered in the Report:-

Market size of India used two wheeler market

Market size of India online used two wheeler market

Value chain in India used two wheeler market

Market segmentation of India used two wheeler market on the basis of market structure, stock piece & customized vehicle, distribution channels, source of

Manufacturing, type of two-wheeler, engine capacity, average ownership period, by manufacturer, body type, certification and financed & non-financed vehicle.

Trends and Developments in India used two wheeler market

Growth Drivers and Restraints in India used two wheeler market

SWOT analysis in India used two wheeler market

Pre-Requisites to Enter the India used two wheeler market

Government Regulations in India used two wheeler market

Major players and their business models

Customer Profile in India used two wheeler market

Analyst Recommendations

For More Information on the research report, refer to below link:-

India Used Two Wheeler Market

Related Reports:-

Saudi Arabia Used Car Market Outlook to 2025-By Market Structure, By Type of Car, By Brand, By Age of Vehicle, By Kms and By Region

Malaysia Automotive Lubricant Market Outlook to 2025- Driven by growing adoption of high-performance lubricants, increasing vehicles on road coupled with the availability of products on E-commerce platforms

Singapore Used Car Market Outlook To 2025: Increasing Used Cars Demand Due To The Pandemic Contributes To Increase In Used Cars Sales During The Economic Crisis

Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Support@kenresearch.com
+91-9015378249

Share.