New York, NY, March 08, 2017 --(PR.com
)-- According to the TechSci Research report, “South America Two-Wheeler Market By Type, By Country Competition Forecast & Opportunities, 2011 – 2021,” the two-wheeler market in South America is forecast to cross $7 billion by 2021. Brazil, Colombia and Argentina are the largest two-wheeler markets in the entire region. Growing population in South America is one of the major factor propelling demand for two-wheelers in the region. As per World Bank, population base countries such as Brazil, Colombia and Argentina expanded at a CAGR of about 0.90%, 0.97% and 1.04%, respectively during 2011-2015. Moreover, GNI per capita of Paraguay, Ecuador, Peru and Colombia exhibited a CAGR of 6.48%, 5.32%, 5.87% and 3.68%, respectively during 2011-2015, as per the World Bank. Thus, expanding population base and rising per capita income are the major indicators that are anticipated to propel demand for two-wheelers in South America during the forecast period.
Browse 26 market data tables and 104 figures spread through 261 pages and an in-depth TOC on "South America Two-Wheeler Market."
On the basis of two-wheeler type, the market of South America has been categorized into two segments, namely motorcycles and scooters. During 2015, motorcycles dominated the two-wheeler market in South America, due to a number of advantages such as quicker acceleration, better engine, larger fuel tank and greater ease of maintenance as compared to a scooter. Moreover, the motorcycle is expected to maintain its dominance in the South American two-wheeler market through 2021. The two-wheeler market in the South American region is largely concentrated in Brazil, Colombia and Argentina. Moreover, in 2015, the above mentioned countries cumulatively garnered a market share of over 78% in the South American two-wheeler market and these countries are further anticipated to continue dominate the market during 2016-2021.
“Growing presence of various multinational companies such as Honda, Suzuki, Yamaha, Bajaj, BMW, Lifan and Kawasaki, coupled with increasing penetration of domestic players such as Dafra, Motomel, Corven, Mavilla and Zanella are expected to intensify South America two-wheeler market in the coming years. Moreover, introduction of supplementary features in the prominent two-wheeler models is expected to moderately increase the average selling price of two-wheelers in the region. Therefore, escalating average selling price and rising sales of two-wheelers are forecast to boost revenue of South America two-wheeler market during 2016-2021,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“South America Two-Wheeler Market By Type, By Country Competition Forecast & Opportunities, 2011 – 2021” has analyzed the potential of two-wheelers in South America and provides statistics and information on market sizes, shares and trends. The report will suffice in providing intending clients with cutting-edge market intelligence and help them in making sound investment decisions. Besides, the report also identifies and analyzes emerging trends along with essential drivers and key challenges faced by the two-wheeler market in South America.
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