The report titled “India Used Two Wheeler Market Outlook to
2025- Driven by Increase in Workforce Migration and Aversion towards Using
Public Transportation” provides a comprehensive
analysis of pre-owned two wheelers services in India. The report focuses on
sales volume, industry revenue, segmentation by unorganized and organized
sector, by C2C and B2C distribution channel, by stock piece and customized two
wheelers, by source of manufacturing of two wheelers (domestically manufactured
and imported bikes), by type of two wheelers (motorcycles and scooters), by
engine capacity of two wheelers (100-110cc, 125-135cc, 150-200cc and others),
by average ownership of two wheelers (3-4 years, 4-5 years, 5-6 years and
others), by manufacturer of two wheelers (Hero, Bajaj, Honda and others), by
body type of two-wheelers (commuter, scooter, sports and others), by
certification of two-wheelers (non-certified and certified) and by financing of
two-wheelers (non-financed and financed). The report also covers the overall
competitive landscape; government role and regulations, growth restraints,
drivers, trends and developments. The report concludes with market projections
for future for the market described above highlighting the major opportunities
and challenges.
India Used Two Wheeler Market Overview and Size
India is the largest producer
and manufacturer of two wheelers in the world followed by the Republic of
China. Rising fuel prices is one of the primary growth drivers for two-wheelers
due to their higher fuel efficiency. In India, commuters across all age groups
use motorized vehicles, especially two wheelers owing to the escalating
population and rapid increase in traffic congestion, thereby making two
wheelers as the most appropriate and convenient mode of transportation in urban
areas. The market has attained speedy growth over the period of five years from
FY'2015 to FY'2020. The demand for used two wheelers has seen a constant rise
over the past few years, especially from models like Honda Activa, Aviator, TVS
Jupiter, Bajaj Pulsar and Discover. Even in terms of exports, two-wheelers
produced in India are the proud products of the "Make-in-India"
initiative where
nearly 7 in 10 automobiles delivered out of India are two-wheelers
India Used Two Wheeler Market Segmentation
By
Market Structure
In FY'2020 the sales
volume through the unorganized sector is generated through individual sellers,
local dealers/mechanics and small dealerships which collectively contributed to
a majority of the proportion in the overall used two wheelers market.
By
Distribution Channel
Due to low awareness
regarding the existence of organized online and offline players, the majority
of transactions conducted in the market are through C2C or offline B2C channel.
The C2C channel controlled a major proportion of the total sales volume in the
used two-wheeler market during the FY'2020.
By
Type of Two Wheelers
India used two
wheelers market was continuously dominated by motorcycles with a massive volume
share during FY'2020. This is because male riders travelling a longer distance
still prefer motorbikes instead of a scooter due to larger engine and greater
mileage offered by motorcycles. On the other hand, gearless scooters are
trending in the country, especially among female population.
By
Engine Capacity
On the basis of
engine capacity of two-wheelers, it has been observed that used bikes with
100-110 cc engine capacity have been mostly purchased by buyers. On the other
hand, engine capacities with 125-135 cc, 150-200 cc and others have been
gaining traction in India.
By
Average Ownership Period of Used Two Wheelers
The buying behavior
of Indians has witnessed changes over the review period majorly due to a
reduction in the ownership period of two wheelers by the owners. It has been
observed that presently, Indians mostly use a two-wheeler for at least a period
of three to five years before disposing it off.
By
Manufacturer of Two Wheelers
The category of
commuter bikes such as Hero Splendor, Bajaj Discover, and Honda CB Twister
contributed to a dominant volume share of used two-wheelers during the FY'2020.
The next popular vehicle category in the used-two wheeler space in India has
been scooters.
Snapshot on Online Used Two Wheeler Landscape
The online used two wheeler market has been emerging with the rise in
the popularity of e-commerce platforms in the country. Online platforms such as
Flipkart, Amazon and Snapdeal have enabled India users to trust online
platforms and make high value transactions online using their debit/credit
cards and net banking. The growth of online advertising, which has fuelled the
rise of online classified platforms such as Droom, OLX, Quikr and others have
revolutionized the way in which pre-owned vehicles have been sold in the
country. With the growth in the number of vehicles sold online, these players
not only witnessed a sharp growth in marketplace revenue but also from other
sources including advertisements, subscriptions and other value added services.
The Overall Online Market is expected to Increase at a double Digit Positive
CAGR during the period FY’2020-FY’2025
Comparative Landscape in India Used Two Wheeler
Market
India used two wheelers market competition structure was observed to
be highly fragmented with the presence of large number of local dealers, small
mechanics and individual sellers. Organized players such as Droom, Honda Best
Deal, CredR, BikeDekho.com, Mahindra First Choice Wheels Limited (MFCWL) and
others contribute very limited to the overall market. Certification and
authentication, brand, price, mileage and performance, engine quality/power and
total number of dealers are some of the critical parameters on the basis of
which companies compete in the organized segment.
India Used Two Wheeler Market Future Outlook and Projections
India Used Two Wheeler Market is expected to grow in the coming years
as used vehicles are much cheaper to purchase than a new one, since the
introduction of BS VI Standards.
Individuals mostly in smaller cities and towns who wish to own a vehicle begin
with buying a second hand two-wheeler to get hold of it. Similar is the case of
women drivers who prefer purchasing a pre-owned vehicle to learn driving before
they actually purchase a new vehicle. Also, local dealers who have been facing
tough competition from the online classifieds will be seen associating with the
online players to reach out to greater audiences.
Key Segments Covered in India
Used Two Wheeler Market, FY’2020: -
By Type of Market
Organized
Unorganized
By Sales Channel
C2C Channel
B2C Channel
By Source
Domestic
Imports
By Modification
Stock Piece
Customized
By Type of Bike
Motorcycles
Scooters
By Engine Capacity
100CC-110CC
125CC-135CC
150CC-200CC
By Replacement Cycle
2 years-4 years
3 years-5 years
5 years - 6 years
By Certification
Certified
Non Certified
By Financing
Financed
Non Financed
Key Target Audience
Two Wheeler OEM’s
Two Wheeler Dealers
Online Portals (Aggregators/Marketplace Platform)
Online Classified Platforms
E-Commerce & Hyperlocal Companies
Private Equity Investors
Time Period Captured in the Report:
Historical Period: FY’2015-FY’2020
Forecast Period: FY’2021–FY’2025
Companies Covered:
Organized Used
2W Companies
Honda Best Deal
CredR
Mahindra First Choice
Bike Bazaar
Bikers Highway
Royal Enfield Vintage
Online Used 2W
Platforms
Droom
Quikr
Olx
Bikes4Sale
CarandBike
Bike Jinni
Key
Topics Covered in the Report: -
Market size of India used two wheeler markets
Market size of India online used two wheeler markets
Value chain in India used two wheeler markets
Market segmentation of India used two wheeler markets
on the basis of market structure, stock piece & customized vehicle,
distribution channels, source of
Manufacturing, type of two-wheeler, engine capacity,
average ownership period, by manufacturer, body type, certification and financed
& non-financed vehicle
Trends and Developments in India used two wheeler
market
Growth Drivers and Restraints in India used two
wheeler market
SWOT analysis in India used two wheeler market
Pre-Requisites to Enter the India used two wheeler
market
Government Regulations in India used two wheeler
market
Major players and their business models
Customer Profile in India used two wheeler market
Analyst Recommendations
For More Info on the Research
Report, Click on the Below Link: -
India Used Two Wheeler Market Growth
Related Reports by Ken Research: -
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