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According to the latest report of the IMARC group, entitled “Two-wheeler market in Latin America: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027the market reached a volume of 9.1 million units in 2021. Two-wheelers are lightweight vehicles that run and balance on two tires. They include motorcycles, scooters, mopeds and electric two-wheelers. The two wheels are arranged on the same axle and one behind the other. Two-wheelers are made from structural frames, wheels, seats, metallic and non-metallic components, chains, brakes, rims, and handlebars that help the rider control and balance the vehicle. They are widely used to travel short distances and avoid traffic jams. Compared to four-wheelers, two-wheelers are easy to maneuver, smaller in size, more economical and have better fuel efficiency.

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The two-wheeler market in Latin America is mainly driven by the emerging trend of personal vehicle ownership, especially among millennials. Two-wheelers are widely adopted for commuting due to low cost of ownership and increasing traffic congestion in urban areas. Moreover, various technological advancements, such as the integration of Internet of Things (IoT) and Bluetooth systems in two-wheelers, are driving the growth of the market. These connected vehicles can also be integrated with smartphone apps for location and infotainment services. Other factors including growing consumer spending abilities along with the implementation of various government initiatives driving the adoption of electric two-wheelers are creating a positive outlook for the market. Looking ahead, IMARC Group expects the two-wheeler market in Latin America to reach 20.9 million units by 2027, showing a CAGR of 14.6% during the period 2022 -2027.

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Like the novel coronavirus (COVID-19[feminine]) the crisis is taking over the world, we are constantly monitoring the changes in the markets, as well as the behaviors of the consumers of the sector in the world and our estimates on the latest market trends and forecasts are made after taking into account the impact of this pandemic.

Competitive landscape with key players:

  • Bajaj Auto Limited (Bajaj Group)
  • Dafra Motos (Itavema S/A)
  • Honda de México SA de CV (The Honda Motor Company Ltd.)
  • Kawasaki Motors Manufacturing Corp. United States (Kawasaki Heavy Industries, Ltd.)
  • Lifan Industry (Group) Co. Ltd
  • Motomel SA
  • SAS Uno Engine
  • Shineray Do Brasil SA
  • Suzuki Motor Corporation
  • TVS Motor Mexico (TVS Motor Company Limited)
  • International Wanxin Group
  • Yamaha Motor de México SA de CV (Yamaha Motor Co. Ltd.)
  • Zanella Hnos & Cia SACIFI.
  • Zongshen Automobile Industry Manufacturing Co.Ltd. (Zongshen Industry Group Co. Ltd.)

Market segmentation :

Breakdown by type of vehicle:

Breakdown by type of fuel:

Breakdown by engine capacity:

  • Less than 100cc
  • 100-125cc
  • 126-250cc
  • 250-500cc
  • Over 500cc

Breakdown by technology:

Breakdown by country:

  • Brazil
  • Mexico
  • Colombia
  • Argentina
  • Peru
  • Ecuador
  • Chile
  • Others

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Main highlights of the report:

  • Market Performance (2016-2021)
  • Market Outlook (2022-2027)
  • Market trends
  • Market drivers and success factors
  • Impact of COVID-19
  • Value chain analysis
  • Complete mapping of the competitive landscape

If you need specific information that is not currently covered in the report, we will provide it to you as part of the customization.

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