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Innovations Shaping the Global Two-Wheeler Market
Being a convenient mode of transport and an element of multi-modality in urban market, two-wheelers are rapidly increasing in demand across the globe. In 2021, the global production of two-wheelers reached to 160 million units. As automobile industry is witnessing a major transformation in recent years, the two-wheeler technology is constantly evolving, resulting into more efficient, powerful, safe, and enjoyable to ride vehicles. In 2021, the global two-wheeler market reached a value of USD108.73 billion, owing to rise in personal disposable income and rising urban population. Telematics and new technologies such as drive assistance systems are already being implemented into some of the commercial and passenger two-wheeler vehicles. The current trend of digital connectivity and electrification is swiftly expanding to the contemporary motorcycles and mopeds, which is projected to positively influence the global two-wheeler market growth in the coming years.
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