Bangladesh Two Wheeler Market (2023-2029) | Size, Value, Outlook, Share, Revenue, Analysis, Growth, Forecast, Industry, COVID-19 IMPACT, Companies & Trends

Bangladesh Two Wheeler Market Highlights

Report Name	Bangladesh Two Wheeler Market
Base Year	2022
Historical Period	2019-2022
Forecast Period	2023-2029
Growth Rate (CAGR)	6%
Report Coverage	Revenues & Volume, Market Trends, Drivers & Challenges, Market Forecast, Market Share
Segment Coverage	By Vehicle Type, By Engine Capacity
Customization Scope	100% customized reports available along with reliable data. Moreover, you can alter the segments, countries, and regions according to your needs. For further details, you can contact our research expert at sales@6wresearch.com
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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 is a significant segment within the country's automotive industry. It encompasses the production and sale of motorcycles, scooters, and other vehicles. The Bangladesh Two Wheeler Market growth 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. In response to this, some manufacturers have started introducing electric models to cater to this emerging market segment.

According to 6Wresearch, the Bangladesh Two Wheeler Market is projected to grow at a CAGR of 6% during the forecast period of 2023-2029. The Bangladesh two-wheeler market share is consistently growing, primarily proliferated by rising urbanization and the need for affordable, efficient transportation. Urbanization has amplified the need for affordable transportation, driving demand for two-wheelers in the country. Also, the young and growing population actively contributes to the demand for motorcycles and scooters. Additionally, the country is experiencing economic growth, led to increased disposable income, making two-wheelers more affordable for a larger segment of the population. However, traffic congestion and inadequate road infrastructure pose challenges for two-wheeler riders and safety remains a major concern while driving two-wheelers. To eliminate the risk of accidents, major efforts are needed to improve road safety and promote the use of helmets. Nevertheless, there is potential for market expansion in rural areas where two-wheelers are essential for transportation.

Recent News of The Market

The government of Bangladesh has been encouraging domestic motorcycle manufacturing and exploring options for electric two-wheeler production to reduce dependence on imports. Moreover, various local and international companies were launching advanced models and expanding their dealership networks in the country.

Government policies and schemes introduced in the Bangladesh Two Wheeler Market 

The government of Bangladesh introduced the Motorcycle Industry Development Policy in 2018 to encourage the production of motorcycles in the country to reduce dependency on imported two-wheelers and promote the domestic motorcycle industry. Moreover, the government has occasionally reduced import tariffs on two-wheelers to make them more affordable for the general public. Also, these tariffs are introduced to encourage the import of motorcycles, especially from neighbouring countries. Further, the government has worked on simplifying the registration and licensing processes for two-wheelers, making it easier for individuals to ride motorcycles legally.

The Impact of COVID-19 on the Bangladesh Two Wheeler Market

The COVID-19 pandemic had both positive and negative effects on the Bangladesh Two Wheeler Industry. The two-wheeler market experienced supply chain disruptions due to lockdowns and restrictions which led to delays in the manufacturing and distribution of several vehicles. During the pandemic, there was a surge in demand for personal mobility options to avoid jam-packed public transportation. This led to increased interest in motorcycles and scooters as a convenient mode of transportation.

Leading players in the Bangladesh Two Wheeler Market

The market is populated by both domestic and international manufacturers. Local brands coexist with well-known global players, offering a wide range of products to cater to different consumer segments. The Bangladesh Two Wheeler Market which is also a major part of the Asia Pacific Two Wheeler Market is highly competitive with the presence of major players such as;

• Runner Automobiles Ltd: This company is one of the leading motorcycle manufacturers in Bangladesh, known for producing a wide range of motorcycles and other vehicles.
• Hero MotoCorp Bangladesh: Hero MotoCorp is another major company which has been actively participating in the Bangladesh motorcycle market.
• Bajaj Auto Bangladesh: Bajaj is a well-known Indian motorcycle manufacturer with a significant presence in the market.
• Honda Bangladesh: Honda is a popular Japanese motorcycle brand with a strong presence in the country.
• Yamaha Bangladesh: Yamaha is another Japanese motorcycle manufacturer which has been serving the market with varied models.

Market Analysis by Vehicle Type

According to Dhaval, Research Manager, 6Wresearch, Motorcycles are the dominant segment of Bangladesh Two Wheeler Market followed by scooters and mopeds.

Key attractiveness of the report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2019 to 2022.
• Base Year: 2022.
• Forecast Data until 2029.
• 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, 2022
• Forecast of Bangladesh Two-Wheeler Market, 2029
• Historical Data and Forecast of Bangladesh Two Wheeler Revenues & Volume for the Period 2019 - 2029
• 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 2019 - 2029
• Historical Data and Forecast of Bangladesh Two Wheeler Market Revenues & Volume By Motorcycle for the Period 2019 - 2029
• Historical Data and Forecast of Bangladesh Two Wheeler Market Revenues & Volume By Scooter/Moped for the Period 2019 - 2029
• Historical Data and Forecast of Bangladesh Two Wheeler Market Revenues & Volume By Engine Capacity for the Period 2019 - 2029
• Historical Data and Forecast of Bangladesh Two Wheeler Market Revenues & Volume By Up to 125cc for the Period 2019 - 2029
• Historical Data and Forecast of Bangladesh Two Wheeler Market Revenues & Volume By 126-250cc for the Period 2019 - 2029
• Historical Data and Forecast of Bangladesh Two Wheeler Market Revenues & Volume By 251-500cc for the Period 2019 - 2029
• Historical Data and Forecast of Bangladesh Two Wheeler Market Revenues & Volume By Above 500cc for the Period 2019 - 2029
• 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

Bangladesh Two Wheeler Market: FAQs