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PUBLISHER: IMARC | PRODUCT CODE: 1820130
PUBLISHER: IMARC | PRODUCT CODE: 1820130
Latin America Two-Wheeler Market Report by Vehicle Type, Fuel Type, Engine Capacity, Technology, and Country 2025-2033
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PAGES: 116 Pages
DELIVERY TIME: 2-3 business days
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The Latin America two-wheeler market size reached 13.6 Million Units in 2024. Looking forward, IMARC Group expects the market to reach 39.6 Million Units by 2033, exhibiting a growth rate (CAGR) of 11.94% during 2025-2033.
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:
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 2024?
- 2.What is the expected growth rate of the Latin America two-wheeler market during 2025-2033?
- 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?
Product Code: SR112025A3315
Table of Contents
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
- 15.3.1 Bajaj Auto Limited (Bajaj Group)
Product Code: SR112025A3315
List of Figures
- Figure 1: Latin America: Two-Wheeler Market: Major Drivers and Challenges
- Figure 2: Latin America: Two-Wheeler Market: Sales Volume (in Million Units), 2019-2024
- Figure 3: Latin America: Two-Wheeler Market Forecast: Sales Volume (in Million Units), 2025-2033
- Figure 4: Latin America: Two-Wheeler Market: Breakup by Vehicle Type (in %), 2024
- Figure 5: Latin America: Two-Wheeler Market: Breakup by Fuel Type (in %), 2024
- Figure 6: Latin America: Two-Wheeler Market: Breakup by Engine Capacity (in %), 2024
- Figure 7: Latin America: Two-Wheeler Market: Breakup by Technology (in %), 2024
- Figure 8: Latin America: Two-Wheeler Market: Breakup by Country (in %), 2024
- Figure 9: Latin America: Two-Wheeler (Motorcycle) Market: Sales Volume (in Million Units), 2019 & 2024
- Figure 10: Latin America: Two-Wheeler (Motorcycle) Market Forecast: Sales Volume (in Million Units), 2025-2033
- Figure 11: Latin America: Two-Wheeler (Scooter) Market: Sales Volume (in Million Units), 2019 & 2024
- Figure 12: Latin America: Two-Wheeler (Scooter) Market Forecast: Sales Volume (in Million Units), 2025-2033
- Figure 13: Latin America: Two-Wheeler (Moped) Market: Sales Volume (in Million Units), 2019 & 2024
- Figure 14: Latin America: Two-Wheeler (Moped) Market Forecast: Sales Volume (in Million Units), 2025-2033
- Figure 15: Latin America: Two-Wheeler (Gasoline) Market: Sales Volume (in Million Units), 2019 & 2024
- Figure 16: Latin America: Two-Wheeler (Gasoline) Market Forecast: Sales Volume (in Million Units), 2025-2033
- Figure 17: Latin America: Two-Wheeler (Electric) Market: Sales Volume (in Million Units), 2019 & 2024
- Figure 18: Latin America: Two-Wheeler (Electric) Market Forecast: Sales Volume (in Million Units), 2025-2033
- Figure 19: Latin America: Two-Wheeler (Less Than 100cc) Market: Sales Volume (in Million Units), 2019 & 2024
- Figure 20: Latin America: Two-Wheeler (Less Than 100cc) Market Forecast: Sales Volume (in Million Units), 2025-2033
- Figure 21: Latin America: Two-Wheeler (100-125cc) Market: Sales Volume (in Million Units), 2019 & 2024
- Figure 22: Latin America: Two-Wheeler (100-125cc) Market Forecast: Sales Volume (in Million Units), 2025-2033
- Figure 23: Latin America: Two-Wheeler (126-250cc) Market: Sales Volume (in Million Units), 2019 & 2024
- Figure 24: Latin America: Two-Wheeler (126-250cc) Market Forecast: Sales Volume (in Million Units), 2025-2033
- Figure 25: Latin America: Two-Wheeler (250-500cc) Market: Sales Volume (in Million Units), 2019 & 2024
- Figure 26: Latin America: Two-Wheeler (250-500cc) Market Forecast: Sales Volume (in Million Units), 2025-2033
- Figure 27: Latin America: Two-Wheeler (More Than 500cc) Market: Sales Volume (in Million Units), 2019 & 2024
- Figure 28: Latin America: Two-Wheeler (More Than 500cc) Market Forecast: Sales Volume (in Million Units), 2025-2033
- Figure 29: Latin America: Two-Wheeler (Manual) Market: Sales Volume (in Million Units), 2019 & 2024
- Figure 30: Latin America: Two-Wheeler (Manual) Market Forecast: Sales Volume (in Million Units), 2025-2033
- Figure 31: Latin America: Two-Wheeler (Automatic) Market: Sales Volume (in Million Units), 2019 & 2024
- Figure 32: Latin America: Two-Wheeler (Automatic) Market Forecast: Sales Volume (in Million Units), 2025-2033
- Figure 33: Brazil: Two-Wheeler Market: Sales Volume (in Million Units), 2019 & 2024
- Figure 34: Brazil: Two-Wheeler Market: Breakup by Vehicle Type (in %), 2024
- Figure 35: Brazil: Two-Wheeler Market: Breakup by Fuel Type (in %), 2024
- Figure 36: Brazil: Two-Wheeler Market: Breakup by Engine Capacity (in %), 2024
- Figure 37: Brazil: Two-Wheeler Market: Breakup by Technology (in %), 2024
- Figure 38: Brazil: Two-Wheeler Market Forecast: Sales Volume (in Million Units), 2025-2033
- Figure 39: Mexico: Two-Wheeler Market: Sales Volume (in Million Units), 2019 & 2024
- Figure 40: Mexico: Two-Wheeler Market: Breakup by Vehicle Type (in %), 2024
- Figure 41: Mexico: Two-Wheeler Market: Breakup by Fuel Type (in %), 2024
- Figure 42: Mexico: Two-Wheeler Market: Breakup by Engine Capacity (in %), 2024
- Figure 43: Mexico: Two-Wheeler Market: Breakup by Technology (in %), 2024
- Figure 44: Mexico: Two-Wheeler Market Forecast: Sales Volume (in Million Units), 2025-2033
- Figure 45: Colombia: Two-Wheeler Market: Sales Volume (in Million Units), 2019 & 2024
- Figure 46: Colombia: Two-Wheeler Market: Breakup by Vehicle Type (in %), 2024
- Figure 47: Colombia: Two-Wheeler Market: Breakup by Fuel Type (in %), 2024
- Figure 48: Colombia: Two-Wheeler Market: Breakup by Engine Capacity (in %), 2024
- Figure 49: Colombia: Two-Wheeler Market: Breakup by Technology (in %), 2024
- Figure 50: Colombia: Two-Wheeler Market Forecast: Sales Volume (in Million Units), 2025-2033
- Figure 51: Argentina: Two-Wheeler Market: Sales Volume (in Million Units), 2019 & 2024
- Figure 52: Argentina: Two-Wheeler Market: Breakup by Vehicle Type (in %), 2024
- Figure 53: Argentina: Two-Wheeler Market: Breakup by Fuel Type (in %), 2024
- Figure 54: Argentina: Two-Wheeler Market: Breakup by Engine Capacity (in %), 2024
- Figure 55: Argentina: Two-Wheeler Market: Breakup by Technology (in %), 2024
- Figure 56: Argentina: Two-Wheeler Market Forecast: Sales Volume (in Million Units), 2025-2033
- Figure 57: Peru: Two-Wheeler Market: Sales Volume (in Million Units), 2019 & 2024
- Figure 58: Peru: Two-Wheeler Market: Breakup by Vehicle Type (in %), 2024
- Figure 59: Peru: Two-Wheeler Market: Breakup by Fuel Type (in %), 2024
- Figure 60: Peru: Two-Wheeler Market: Breakup by Engine Capacity (in %), 2024
- Figure 61: Peru: Two-Wheeler Market: Breakup by Technology (in %), 2024
- Figure 62: Peru: Two-Wheeler Market Forecast: Sales Volume (in Million Units), 2025-2033
- Figure 63: Ecuador: Two-Wheeler Market: Sales Volume (in Million Units), 2019 & 2024
- Figure 64: Ecuador: Two-Wheeler Market: Breakup by Vehicle Type (in %), 2024
- Figure 65: Ecuador: Two-Wheeler Market: Breakup by Fuel Type (in %), 2024
- Figure 66: Ecuador: Two-Wheeler Market: Breakup by Engine Capacity (in %), 2024
- Figure 67: Ecuador: Two-Wheeler Market: Breakup by Technology (in %), 2024
- Figure 68: Ecuador: Two-Wheeler Market Forecast: Sales Volume (in Million Units), 2025-2033
- Figure 69: Chile: Two-Wheeler Market: Sales Volume (in Million Units), 2019 & 2024
- Figure 70: Chile: Two-Wheeler Market: Breakup by Vehicle Type (in %), 2024
- Figure 71: Chile: Two-Wheeler Market: Breakup by Fuel Type (in %), 2024
- Figure 72: Chile: Two-Wheeler Market: Breakup by Engine Capacity (in %), 2024
- Figure 73: Chile: Two-Wheeler Market: Breakup by Technology (in %), 2024
- Figure 74: Chile: Two-Wheeler Market Forecast: Sales Volume (in Million Units), 2025-2033
- Figure 75: Others: Two-Wheeler Market: Sales Volume (in Million Units), 2019 & 2024
- Figure 76: Others: Two-Wheeler Market Forecast: Sales Volume (in Million Units), 2025-2033
- 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
List of Tables
- Table 1: Latin America: Two-Wheeler Market: Key Industry Highlights, 2024 and 2033
- Table 2: Latin America: Two-Wheeler Market Forecast: Breakup by Vehicle Type (in Million Units), 2025-2033
- Table 3: Latin America: Two-Wheeler Market Forecast: Breakup by Fuel Type (in Million Units), 2025-2033
- Table 4: Latin America: Two-Wheeler Market Forecast: Breakup by Engine Capacity (in Million Units), 2025-2033
- Table 5: Latin America: Two-Wheeler Market Forecast: Breakup by Technology (in Million Units), 2025-2033
- Table 6: Latin America: Two-Wheeler Market Forecast: Breakup by Country (in Million Units), 2025-2033
- Table 7: Latin America: Two-Wheeler Market: Competitive Structure
- Table 8: Latin America: Two-Wheeler Market: Key Players
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