Latin America Two-wheeler Market Size, Share and Competitive Landscape Analysis 2033

Latin America Two-Wheeler Market Forecast by 2033

Market Size in 2024: 13.6 Million Units
Market Forecast in 2033: 39.6 Million Units
Market Growth Rate 2025-2033: 11.94%

The Latin America two-wheeler market reached 13.6 Million Units in 2024 and is projected to expand to 39.6 Million Units by 2033, growing at a CAGR of 11.94% during 2025-2033. This growth is supported by rising urbanization, increasing disposable incomes, and the growing demand for affordable, fuel-efficient, and eco-friendly mobility solutions across the region.

Growth Drivers of the Latin America Two-Wheeler Market

Rising Urbanization and Traffic Congestion

Rapid urbanization in Latin America is driving the motorized two-wheeler boom as an answer to traffic congestion. More than four in five people in Latin America are urban, according to United Nations data. For these reasons, the ability to move around is important. Two-wheeled vehicles are used to an increasing extent in cities, as they are smaller and consume less fuel. Brazil, Mexico and other governments have previously invested into two-wheeler infrastructure with lanes and parking. Cities will likely continue to drive two-wheeler growth throughout the coming years.

Growing Popularity of Electric Two-Wheelers

Environmentalists worry and governments legislate to reduce carbon emissions through accelerating the adoption of electric two-wheelers within Latin America. Colombia and Chile governments have pushed electric mobility policies with tax exemptions and subsidies. In 2024, after the Colombian government announced it would expand the electric vehicle charging network including two-wheelers, manufacturers began to launch low-cost electric scooters and motorcycles in the country for global sustainment. This trend should impact on a meaningful way the electric two-wheeler market.

Expanding Middle-Class Population and Rising Incomes

The growing middle-class population of Latin America is expected to drive the Latin America two-wheeler market. The World Bank states disposable income grows in Latin America enabling consumers to purchase two-wheelers for commuting. The demand for two-wheeler vehicles has also been increased by the growing number of female riders and commuters in Brazil and Argentina, as well as the growing demand for scooters and mopeds focused on comfort and convenience. Financing options such as paying in instalments are also increasing two-wheeler vehicle sales.

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Latin America Two-Wheeler Market Segmentation

Analysis by Vehicle Type

• Motorcycle
• Scooter
• Moped

Analysis by Fuel Type

• Gasoline
• Electric

Analysis by Engine Capacity

• Less Than 100cc
• 100-125cc
• 126-250cc
• 250-500cc
• More Than 500cc

Analysis by Technology

• Manual
• Automatic

Analysis by Country

• Brazil
• Mexico
• Colombia
• Argentina
• Peru
• Ecuador
• Chile
• Others

Top Latin American Two-Wheeler Companies:

• Bajaj Auto Limited (Bajaj Group)
• Dafra Motos (Itavema S/A)
• Honda de México S.A. de C.V. (The Honda Motor Company Ltd.)
• Kawasaki Motors Manufacturing Corp. U.S.A. (Kawasaki Heavy Industries, Ltd.)
• Lifan Industry (Group) Co. Ltd
• Motomel S.A.
• Shineray Do Brasil SA
• Suzuki Motor Corporation
• TVS Motor México (TVS Motor Company Limited)
• Wanxin Group International
• Yamaha Motor de México SA de CV (Yamaha Motor Co. Ltd.)
• Zanella Hnos & Cia SACIFI
• Zongshen Automobile Industry Manufacturing Co. Ltd. (Zongshen Industry Group Co. Ltd.)

Latin America Two-Wheeler Market News

• Brazil announced new incentives in 2024 to promote electric mobility, including subsidies for electric motorcycles and scooters.
• Colombia expanded its EV charging infrastructure in 2024, with a focus on supporting electric two-wheelers.
• Yamaha and Honda launched new scooter models in Mexico tailored to urban commuters.
• Argentina witnessed a surge in women commuters adopting scooters, prompting manufacturers to design gender-inclusive models.
• Regional governments introduced stricter emission standards in 2024, encouraging the adoption of eco-friendly two-wheelers.

Key highlights of the Report:

• Market Performance (2019-2024)
• Market Outlook (2025-2033)
• COVID-19 Impact on the Market
• Porter’s Five Forces Analysis
• Strategic Recommendations
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as part of the customization.

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