The Global reverse mode two-wheeler market is expected to experience significant growth during the forecast period of 2023-2027, according to a report by TechSci Research titled "Reverse Mode Two Wheeler Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027". The growth is attributed to the increasing adoption of technology and evolution of two-wheelers. Sales of electric two-wheelers and production surges have also validated imports and exports between nations, while market players have played an active role in the growth of the global reverse mode two-wheeler market over the next five years.
The comfort of commuting for short distances, fuel consumption efficiency, and affordability of two-wheelers have contributed to their increasing sales, adding to the growth of the global reverse mode two-wheeler market. Additionally, the high-speed and low-speed modulation options are enticing more people to opt for two-wheelers over four-wheelers, further contributing to market growth.
Electric two-wheelers are rapidly gaining traction due to their convenience in traveling, as well as easier charging and better battery backup. However, the demand for frequently distanced electric vehicle charging infrastructure may pose a potential area for growth. The latest technology in reverse mode two-wheelers is also a factor driving up the sales of premium two-wheelers in the market.
Market players like BMW are actively investing in the advancement and evolving the technologies to enhance the products and thereby aiding the growth of the market. Higher investment from the market players and their resources embedment into the evolution of the reverse mode two wheeler would substantiate the growth of the global reverse mode two wheelers market in the forecast years through 2027.
The global reverse mode two-wheeler market is segmented based on vehicle type, propulsion, distribution channel, regional distribution, and competitive landscape. The market is differentiated between scooter/moped and motorcycle based on vehicle type, with the scooter/moped segment expected to hold the largest revenue share and dominate the market segment in the next five years due to higher sales. Additionally, the surge in demand for electric scooters and electric mopeds is expected to add value to the growth of the global reverse mode two-wheeler market in the next five years.
The market is further segmented into conventional and electric by propulsion, with electric vehicles anticipated to hold the largest revenue share and dominate the market segment in the next five years due to growing demand for them in the industry. Furthermore, the technological advancement of reverse modes is actively incorporated in electric two-wheelers over conventional ones, thereby aiding the growth of the global reverse mode two-wheeler market in the next five years. Rising concerns towards environmental depletion also act as a catalyst for the growing demand for electric propulsion-based vehicles, thus substantiating the growth of the global reverse mode two-wheeler market through 2027.
Based on distribution channel, the market is fragmented into offline and online. The market analysis also studies the regional segmentation, divided among Asia-Pacific region, North American region, European & CIS region, South American region, and Middle East & African region.
Some of the market players, dominating the global reverse mode two wheeler market are:
- Damon Motors Inc.
- BMW AG
- Ather Energy
- ANI Technologies Private Limited
- Bajaj Auto Limited
- Okinawa Autotech Pvt. Ltd.
Browse over XX market data Figures spread through 110 Pages and an in-depth TOC on " Global reverse mode two wheeler Market"
“Europe & CIS region is anticipated to hold the largest revenue shares of the market and dominate the regional segment of the market in the upcoming five years. Growing demand for the electric vehicle with advanced technology facilitates the market growth in the region. Countries like Germany, Sweden, United Kingdom have bigger industries for the electric vehicles and electric scooters that adds value to the future potential to the reverse mode two wheeler market. Also, availability of the multiple market players highly invested in the development of the evolving technology and further advancement with their active investments in the segment also add to the growth of the global reverse mode two wheeler market in the future five years. Rising disposable income among the population incorporated with the demands for the ownership of the premium vehicles such as reverse mode two wheeler also substantiate the growth of the global reverse mode two wheeler market in the future five years. New market players may focus on research and product development. Technological advancement in the reverse mode two wheeler to enhance their performance would allow them to establish their brands in the market and support the market growth in future too,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Reverse Mode Two Wheeler Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027, Segmented By Vehicle Type (Scooter/Moped, Motorcycle), By Propulsion (Conventional, Electric), By Distribution Channel (Offline, Online), By Region”, has evaluated the future growth potential of global reverse mode two wheeler and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in global reverse mode two wheeler market.
About TechSci Research:
TechSci Research is a research based management consulting firm providing market research and advisory solutions to its customers worldwide, spanning a range of industries. TechSci Research’s core values are value, integrity and insight. Led by a team of dynamic industry experts, TechSci Research provides its customers with high value market research and advisory services that helps them identify new market opportunities, growth engines and innovative ways to capture the market share. As a result, TechSci’s client leads rather than follow market trends. Not bound by legacy, TechSci’s cutting-edge research model leverages its decades of research knowledge and an increased use of technology as engines of innovation to deliver unique research value. Provided as an alternative to traditional market research, TechSci Research reports do not just deliver data and knowledge rather highlights the insights in a more usable and interactive format for its clients.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Comments