Used Two Wheelers Future Outlook India-Ken Research

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India Used Two Wheelers Market Outlook to
2023-Ken Research
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The report titled India Used Two Wheelers Market
Outlook to 2023 By Unorganized and Organized
Sector, By C2C and B2C Distribution Channel, By
Stock Piece and Customized Two Wheelers By
Motorcycles and Scooters 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 Wheelers 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.
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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 FY2013 to FY2018. 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 Wheelers Market
Segmentation By Market Structure In FY2018 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. On the other hand organized sector was
observed to capture the remaining volume share in
the FY2018. 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.
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The C2C channel controlled a major proportion of
the total sales volume in the used two-wheeler
market during the FY2018. By Type of Two
Wheelers India used two wheelers market was
continuously dominated by motorcycles with a
massive volume share during FY2018. 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.
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By Manufacturer of Two Wheelers The Indian used
two wheeler market is dominated by Hero which is
also the global leader and largest player in the
new two-wheeler market. The company caters to a
wide consume base and has segmented its market on
the basis of income and age group. Other players
including Bajaj, Honda, Yamaha, TVS and Suzuki
have been able to contribute the remaining sales
volume in India used two wheelers markets during
the FY2018. By Body Type 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 FY2018. The next popular vehicle
category in the used-two wheeler space in India
has been scooters. Competitive Landscape in
India Used Two Wheelers Market In the FY2017,
majority of the used two wheelers market in terms
of sales volume was observed to be highly
unorganized thereby constituting individual
sellers, local mechanics and small dealerships.
On the other hand, the market constitutes of the
organized players like Droom, CredR,
BikeDekho.com, BikeWale.com, Mahindra First
Choice Wheels Limited (MFCWL), BikersHighway and
others. The online used two wheeler market has
been emerging along with the rise in the
popularity of E-commerce platforms in the
country.
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Growth of online advertising has fuelled the rise
of online classified platforms such as OLX,
Quikr, Gaadi.com and others have revolutionized
the way in which pre-owned vehicles have been
sold in the country. The online used two-wheelers
market in India has seen year on year growth
during the FY2018. Future Outlook and
Projections It is anticipated that the used two
wheelers market in India will continue to grow in
the coming years as used vehicles are much
cheaper to purchase than a new one. Projections
for the future suggest that the overall market
for used two wheelers in India is likely to
showcase a vibrant growth in terms of sales
volume in FY2023E. 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. In addition, 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- Market
Structure Unorganized Sector Organized
Sector Distribution Channel C2C B2C
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Stock Piece and Customized Two Wheelers Source
of Manufacturing of Two Wheelers Domestically
Manufactured Imported Bikes Type of Two
Wheelers Motorcycles Scooters Engine Capacity of
Two Wheelers 100-110cc 125-135cc 150-200cc Others
(Above 200cc) Average Ownership Period of Two
Wheelers 3-4 Years 4-5 Years 5-6 Years Others
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Manufacturer of Two Wheelers Hero Bajaj Honda Othe
rs (TVS and Yamaha) Body Type of Two
Wheelers Commuter Scooter Sports Others
(Off-roading bikes, super bikes and cruiser
bikes) Certification of Two Wheelers Non-Certifie
d Certified Financing of Two Wheelers Non-Finance
d Financed
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Key Target Audience Automobile Companies Two
Wheeler Companies Online Classifieds Time Period
Captured in the Report Historical Period -
FY2013-FY2018 Forecast Period -
FY2018-FY2023E Companies Covered Droom Honda
Best Deal CredR Bikes4Sale BikersHighway Mahindra
First Choice Key Topics Covered in the
Report- Executive Summary Research
Methodology India Used Two Wheelers Market
Overview and Genesis Business Models Prevalent in
India Used Two Wheelers Market
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India Used Two Wheelers Market Size,
FY2013-FY2018 Replacement Cycle for Two
Wheelers in India Compared to Other Asian
Countries (China and Japan) India Used Two
Wheelers Market Segmentation, FY2013-FY2018 Owne
rship Transfer Registration for Used Two
Wheelers Share of Offline and Online Used Two
Wheelers Sales in Major Cities of India,
FY2018 Key Purchase Criteria for Buying a Used
Two Wheeler in India Key Sales Criteria for
Selling a Used Two Wheelers in India Trends and
Developments in India Used Two Wheelers
Market Growth Restraints in India Used Two
Wheelers Market Pre-Requisites to Enter the
Online Used Two Wheelers Market Space Franchise
Scenario in India Organized Used Two Wheelers
Market Government Regulations in India Used Two
Wheelers Market India Used Two Wheelers Market
Customer Profile SWOT Analysis in India Used Two
Wheelers Market Competitive Landscape in India
Used Two Wheelers Market Snapshot on India Online
Used Two Wheelers Market, FY'2015 - FY'2018 India
Used Two Wheelers Market Future Outlook and
Projections Analyst Recommendations in India Used
Two Wheelers Market
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For more information on the research report,
refer to below link- https//www.kenresearch.com/
automotive-transportation-and-warehousing/automoti
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Contact Us Ken ResearchAnkur Gupta, Head
Marketing CommunicationsSales_at_kenresearch.com
91-9015378249
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