Explore our APAC two-wheeler industry outlook to reframe your ideas and strategy for future developments.

1. "EXPLORE" APAC TWO
WHEELER INDUSTRY
Goldstein Market Intelligence
A U G U S T 2 0 2 0
W R I T T E N B Y :
Dennis Abraham
Vice President
Goldstein Market Intelligence
Goldstein
Market Intelligence
TM

2. 2018 2019 2020
100
75
50
25
0
Asia Pacific automobile industry is fastest growing and is
transforming to be a hub of automotive industry. Globally
two wheelers are the most accessible & affordable
automobile for transportation. But this trend is most
evident in Asia Pacific region. The region accounts for
nearly 80% two wheelers of all the vehicles on road.
Global two wheeler manufacturers in the past decade
have established their manufacturing unit across APAC
region.
Global Vehicle
Sales (In million
units)
2016
2017
2018
2019
2020
2021
2022
2023
2024
125
100
75
50
25
0
Goldstein
Market Intelligence
©GOLDSTEIN MARKET INTELLIGENCE PAGE 02
INTRODUCTION
6.26%
TM
Asia Pacific two wheeler market s estimated at USD 6.06
billion in 2016. The market is anticipated to grow at a
compounded annual growth rate (CAGR) of 6.26% during
the forecast period 2016-2024, to reach a market size of
USD 123.98billion by the end of 2024.
CAGR: (2016-2024)
76.30%
81.01%
86.03%
91.39%
97.10%
103.18%
109.66%
116.59%
123.98%

3. Goldstein
Market Intelligence
Taiw
an
G
uangdong
H
ong
Kong
Bangkok
South
Vietnam
N
orth
Vietnam
Singapore
D
elhi
Karachi
25%
20%
15%
10%
5%
0%
©GOLDSTEIN MARKET INTELLIGENCE PAGE 03
CHALLENGES TO
CONFRONT
Two wheelers, as with all other internal combustion
engine-powered vehicles, emit the products of full and
partial fuel combustion. Several of these emitted products
have been identified as direct or indirect causes of air
pollution. A limited number of studies have evaluated the
contribution of motorcycles to conventional and toxic
urban air pollution inventories and pollutant exposure in
Asia.
Motorcycles have been identified as the largest source of
particulate emissions at busy traffic intersections,
accounting for almost half of the emissions measured.
Moreover, a study of toxic air emissions from vehicles in
Bangkok, Thailand found a strong correlation between
motorcycle traffic patterns and airborne benzene
concentrations.
TM
Enviornmental Challenges
4.5%
7.8%
1.9%
10.8%
4.0% 2.8%
1.7%
1.4%
8.9%
5.0%
9.2%
2.0%
10.2%
3.7%
3.6%
1.3%
2.7%
9.1%
2010
2015
Share of Total Fuel
Consumption by
2S Scooters, 2010-
2015

4. Goldstein
Market Intelligence
South East Asian countries also termed as ASEAN bloc, is
witnessing huge expansion of two wheeler industry. The
elimination of tariffs on imported completely built-up
(CBU) vehicles enables OEMs to treat the region as a
single market.
Thailand, the region’s biggest manufacturer, wants to
raise annual production to 3.5 million units by 2025.
Countries in the bloc are laying favorable conditions for
electrification. Thailand is planning tax exemptions for
companies who want to manufacture EVs and EV
components, and the Philippines will introduce excise duty
exemptions for EVs and hybrids. Japanese OEMs
continue to dominate the market.
2010
2015
©GOLDSTEIN MARKET INTELLIGENCE PAGE 04
TRENDS &
OPPORTUNITIES
TM
Expansion of Two Wheeler Market in South East Asian
Countries
Share of Total Fuel Consumption by 2S Scooters, 2010-2015

5. ©GOLDSTEIN MARKET INTELLIGENCE PAGE 05
The two wheeler sales is highest in India & China on
account of being the two largest & developing economies
in Asia Pacific. But the Southeast Asian countries
including Thailand, Vietnam, Indonesia, Malaysia,
Philippines and Bangladesh have huge penetration of two
wheelers. Nearly nine out of every ten households own a
two wheeler.
The presence of huge population in APAC region with
majority falling in the low income to middle income
category. Thus the adoption of two wheelers is the most
affordable and wise choice across the region. Hence the
market players recorded huge sales over the past decade.
But rising per capita income of people in nearly every
country in Asia Pacific, is thus registering a shift in
automotive preference. People are shifting towards buying
entry level passenger cars. Such changing environment is
anticipated to bring stagnation in the growth of two
wheeler industry in near future.
Asia Pacific two wheeler market s estimated at USD 6.06
billion in 2016. The market is anticipated to grow at a
compounded annual growth rate (CAGR) of 6.26% during the
forecast period 2016-2024, to reach a market size of USD
123.98billion by the end of 2024.
FUTURE OF APAC TWO
WHEELER INDUSTRY
Goldstein
Market Intelligence
TM

6. Scan the QR code or click the link below
for our study on future of automotive
industry.
https://bit.ly/3iFfuGj
Goldstein
Market Intelligence
Goldstein Market Intelligence helping businesses to be
successful at strategy and take informed decisions to
grow the business in future. Goldstein Market
Intelligence is one of the leading professional services
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Advisory and research related services to clients. We,
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organisation.
Dennis Abraham Ph.D, senior vice president at Goldstein
Market Intelligence, leads GMI's syndicated health and
wellness research. Before joining Goldstein Market
Intelligence, Dennis held a variety of senior leadership
positions in global and regional consulting roles covering
consumer and retail insights across a broad range of
healthcare categories. Dennis has been providing cross-
category strategic insights to healthcare brands for over 12
years on topics including digital disruption, ecommerce, and
healthcare technology. Dennis holds a Ph.d from Havard
University.
©GOLDSTEIN MARKET INTELLIGENCE PAGE 06
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