Kazakhstan Two-Wheeler Market is projected to grow at a CAGR of 12.9% during 2024-2030

Non-electric two-wheelers category by type accomplished the maximum revenue share in Kazakhstan Two-Wheeler Market – 6Wresearch

By type, non-electric two-wheelers have emerged as the dominant vehicle type due to their superior performance and capability to travel longer distances on a single fuel refill. Additionally, the extensive availability of fueling stations further enhances their convenience for long-distance journeys. This preference for non-electric two-wheelers underscores their reliability and practicality in meeting transportation needs across varied terrain and distances within Kazakhstan. As a result, these factors continue to uphold their strong market position amidst evolving consumer preferences and the growing dynamics of the transportation sector in the region.

According to 6Wresearch, Kazakhstan Two-Wheeler Market is projected to grow at a CAGR of 12.9% during 2024-2030. Kazakhstan's 2-wheeler market is expanding owing to a shift towards electric mobility, with electric vehicle numbers rising dramatically and government incentives boosting adoption. The development of extensive charging infrastructure and the need to address severe air pollution, which costs over $10.5 billion annually, further drive the demand for electric two-wheelers.

Kazakhstan's 2-wheeler market is on the rise, driven by government initiatives for promoting electric vehicles (EVs). These include exemptions from customs duties, transport taxes, and recycling fees. A comprehensive "Roadmap" and a draft law with KazAutoProm which aims to establish EV infrastructure and mandate charging station allocations, supporting the market growth.

The two-wheeler market in Kazakhstan faces significant challenges due to its reliance on imports, geopolitical conflicts, and supply chain disruptions, particularly involving Russia. Additionally, a growing preference for safer and more comfortable four-wheelers, evidenced by a 69.1% surge in car sales in February 2023, is expected to limit the two-wheeler market growth. Strategic planning and supportive policies are needed to mitigate these risks and support the local auto industry.

According to Shubham Deep, Senior Research Associate, 6Wresearch, the south region is expected to register the highest growth rate owing to urbanization and higher population densities in the south which further contribute to increased traffic congestion, prompting residents to opt for two-wheelers as a convenient means of navigating busy city streets.

Kazakhstan Two-Wheeler Market (2024-2030) report provides an in-depth analysis with 20 figures and 12 tables, covered 76 pages. The report comprehensively covers the market by type and region. The report provides a detailed as well as unbiased analysis of the ongoing drivers, opportunities/high growth areas, and trends of the sector which are projected to support the stakeholders to align as well as devise their market strategies as per the latest and future market dynamics.