Over the past few
years, scooters have successfully made a comeback in the Indian market with the
launch of gearless and electric scooters in India, especially gaining attention
of the youth of India.
The report titled “India
Used Two Wheelers Market Outlook to 2023 – By Unorganized and Organized Sector,
By C2C and B2C Distribution Channel, By Stock Piece and Customized Two
Wheelers; By Motorcycles and Scooters” by Ken Research suggested a
growth at a noteworthy CAGR of 21.2% in terms of sales volume in India used two
wheelers market in the upcoming years till the year ending 2023E.
The two wheelers industry in India
can be categorized among motorcycles, scooters and mopeds. Two wheelers in
India can be seen as an alternative to walking, riding bicycle and public
transit systems. Presently, India 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. Even
in terms of exports, two-wheelers produced in India are the proud products of
the “Make-in-India” initiative where nearly seven in ten automobiles delivered
out of India are two-wheelers.
In India, emergence of organized
online marketplaces for used two wheelers such as Droom, CredR, BikeDekho,
BikersHighway and others have given a boost to two wheeler sales via online
portals. The players have realized the potential of this market and have been
attempting to tap the potential by offering quality products at reasonable
rates. Also, in the online space, OLX and Quikr have allowed dealers to list
products, but some kind of trust factor has to be given to the customer so that
they can rely on the product. Companies now are focusing towards arranging a
facility where any user can come back if they have any problems/issues/concerns
with the product. The rising aspirations of Indian masses coupled with the ease
of viewing and comparing vehicles on automobile platforms and online classified
portals has added to the growth of used two-wheeler sales in the country.
Keywords:-
Used Two Wheelers Market in India
India Used Two Wheelers Market
Two Wheeler Aftermarket Industry
India Two Wheeler Sales
India Used Two Wheelers Sales
Used Two Wheelers Services in India
India Used Two Wheelers Segment
Used Commuter Bike on Sale
Type of Used Two Wheelers in India
B2C Channel Used Two Wheeler Sales
C2C Channel Sales Used Two Wheeler
Imported Used Two Wheeler Market
Online Sales Two Wheeler
Used Scooter Sales in India
Used Bike Market in India
Financing Used Two Wheelers
Regulations Two Wheeler Industry
Used Two Wheelers Future Outlook India
For more information on the research
report, refer to below link:-
Related
Reports:-
Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
