Bangladesh Two Wheeler Market (2024-2030) | Size, Value, Outlook, Share, Revenue, Analysis, Growth, Forecast, Industry, Companies & Trends

Bangladesh Two Wheeler Market Highlights

Report Name	Bangladesh Two Wheeler Market
Forecast Period	2024-2030
CAGR	8.6%
Growing Sector	Transportation

Topics Covered in the Bangladesh Two Wheeler Market

Bangladesh Two Wheeler Market report thoroughly covers the market by vehicle types and engine capacity. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Bangladesh Two Wheeler Market Synopsis

Bangladesh Two Wheeler Market has been growing substantially since numerous factors have been contributing to its growth. The growth of the market is propelled by burgeoning urbanization, growing disposable income, and a rising need for affordable transportation solutions. With increasing environmental concerns, there is a growing interest in electric two-wheelers and this will further boost the market growth.

According to 6Wresearch, Bangladesh Two Wheeler Market is projected to grow at a CAGR of 8.6% during the forecast period of 2024-2030. The primary drivers of the two-wheeler market in Bangladesh can be attributed to factors like high fuel efficiency, affordability, convenience, and ease of navigation through congested road networks. Furthermore, with the increase in urbanization and rising traffic congestion, two-wheelers have become a preferred mode of transportation for daily commutes, especially in cities. This trend has been further accelerated by the increasing number of women joining the workforce and requiring a cost-effective means of transportation. 

Despite the prominent growth potential, Bangladesh two-wheeler industry faces several challenges. The most critical challenge is a lack of proper road infrastructure and safety regulations. The inadequate road networks and poor traffic management have led to an increase in accidents, which has impacted consumer sentiment towards two-wheelers as a safe mode of transportation.

Bangladesh Two Wheeler Market Trends

One of the emerging trends in the Bangladesh two-wheeler market is the increasing popularity of electric two-wheelers. With rising concerns about environmental pollution and the government's push towards promoting clean energy, more people are opting for electric scooters and motorcycles. Another trend that has been observed in recent years is the growing demand for high-performance bikes, especially among urban youth. This can be attributed to the influence of Western culture and the rise of biking communities in major cities.

Investment Opportunities in Bangladesh Two Wheeler Market 

• Growing demand for electric bikes: As Bangladesh aims to become a greener and more sustainable country, there is a significant push towards adopting electric vehicles. This presents an excellent opportunity for investors looking to enter the electric two-wheeler market in the nation.
• Rising focus on rural markets: As the motorcycle penetration rate is higher in urban areas, there is untapped potential for growth in rural areas. With the government's efforts to improve infrastructure and connectivity in these regions, investing in targeting rural markets can be a lucrative opportunity.
• Production of local parts and components: Currently, most of the two-wheelers sold in Bangladesh are imported as completely built units (CBUs). There is a significant opportunity for investors to set up manufacturing facilities for local production of parts and components, which would reduce costs and dependency on imports.
• Development of supporting industries: The two-wheeler market also presents opportunities for the development of supporting industries such as battery manufacturing, charging infrastructure, and repair and maintenance services. 

Leading Players in Bangladesh Two Wheeler Market 

Some of the major players in the Bangladesh two-wheeler market include Bajaj Auto, TVS Motor Company, Hero MotoCorp, Yamaha Motors, and Suzuki Motor Corporation. These companies have a strong presence in the market and offer a wide range of models catering to different segments of consumers. Apart from these international brands, there are also several local manufacturers who cater to the demand for affordable two-wheelers in rural areas.

Government Regulations

The government of the country has introduced various policies to support the two-wheeler industry, such as tax breaks for manufacturers and importers of two-wheelers. The implementation of these initiatives aims to create a favourable environment for the growth of the market and attract more investments in the sector. The reduction of import duties on spare parts and components used in manufacturing two-wheelers has encouraged local production and reduced costs for manufacturers.

In addition, the government has also launched initiatives to improve road infrastructure and safety, which has further boosted the demand for two-wheelers in the country.

Future Insights of Bangladesh Two Wheeler Industry

The future of the Bangladesh two-wheeler market appears positive with increasing disposable incomes and changing consumer preferences. The introduction of new technologies, such as electric and hybrid bikes, is also expected to drive the market growth. Moreover, with the government's focus on promoting a sustainable transportation system, there will be more opportunities for electric two-wheelers in the country. The industry is also expected to witness consolidation as smaller players may struggle to compete with larger manufacturers in terms of technology and resources.

The two-wheeler market in Bangladesh shows great potential for further growth. With favourable government policies and evolving consumer preferences, it is likely to become one of the leading markets for two-wheelers. 

Market Segmentation Analysis

The report offers a comprehensive study of the subsequent market segments and their leading categories. 

 Motorcycle to Dominate the Market - By Vehicle Type

According to Dhaval, Research Manager, 6Wresearch, the motorcycle segment has been dominating the market for many years now and continues to hold a prominent share in the overall two-wheeler industry. This growth can be attributed to various factors such as increasing disposable income, easy availability of credit for purchasing vehicles, and government initiatives promoting the use of motorcycles.

126-250cc to Dominate the Market – By Engine Capacity

Out of all the segments, the 126-250cc segment dominates the two wheeler market in Bangladesh. This segment accounts for nearly 50% of all sales in the nation, followed by the up to 125cc segment.

Key Attractiveness of the Report

• 10 Years of Market Numbers.
• Historical Data Starting from 2020 to 2023.
• Base Year: 2023
• Forecast Data until 2030.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Bangladesh Two-Wheeler Market Outlook
• Market Size of Bangladesh Two-Wheeler Market, 2023
• Forecast of Bangladesh Two-Wheeler Market, 2030
• Historical Data and Forecast of Bangladesh Two Wheeler Revenues & Volume for the Period 2020 - 2030
• Bangladesh Two Wheeler Market Trend Evolution
• Bangladesh Two Wheeler Market Drivers and Challenges
• Bangladesh Two Wheeler Price Trends
• Bangladesh Two Wheeler Porter's Five Forces
• Bangladesh Two Wheeler Industry Life Cycle
• Historical Data and Forecast of Bangladesh Two Wheeler Market Revenues & Volume By Vehicle Type for the Period 2020 - 2030
• Historical Data and Forecast of Bangladesh Two Wheeler Market Revenues & Volume By Motorcycle for the Period 2020 - 2030
• Historical Data and Forecast of Bangladesh Two Wheeler Market Revenues & Volume By Scooter/Moped for the Period 2020 - 2030
• Historical Data and Forecast of Bangladesh Two Wheeler Market Revenues & Volume By Engine Capacity for the Period 2020 - 2030
• Historical Data and Forecast of Bangladesh Two Wheeler Market Revenues & Volume By Up to 125cc for the Period 2020 - 2030
• Historical Data and Forecast of Bangladesh Two Wheeler Market Revenues & Volume By 126-250cc for the Period 2020 - 2030
• Historical Data and Forecast of Bangladesh Two Wheeler Market Revenues & Volume By 251-500cc for the Period 2020 - 2030
• Historical Data and Forecast of Bangladesh Two Wheeler Market Revenues & Volume By Above 500cc for the Period 2020 - 2030
• Bangladesh Two Wheeler Import Export Trade Statistics
• Market Opportunity Assessment By Vehicle Type
• Market Opportunity Assessment By Engine Capacity
• Bangladesh Two Wheeler Top Companies Market Share
• Bangladesh Two Wheeler Competitive Benchmarking By Technical and Operational Parameters
• Bangladesh Two Wheeler Company Profiles
• Bangladesh Two Wheeler Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Vehicle Type

• Motorcycle
• Scooter/Moped

By Engine Capacity

• Up To 125cc
• 126-250cc
• 251-500cc
• Above 500cc