The Used Two Wheeler Market is Expected to Showcase a Growth of More than 20% in the Coming Years – Ken Research REQUEST FOR SAMPLE REPORT Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit The India used two-wheeler market has displayed a strong growth over the five year period from 2010-2015 on account of increasing income of households, immigration of working individuals in search of work or education as well as greater availability of used two-wheelers in the country. The sales continued to incline at a healthy pace with the increase in new two-wheeler sales growth which ultimately expanded the supply of used vehicles in the market. With the rising popularity of gearless scooters, their demand amongst the women and youth picked up. The used two-wheeler market has been witnessing a speedy growth in terms of the revenue generated. Though the market is still dominated by small unorganized players, the entry of organized marketplaces and Original Equipment Manufacturer (OEM) has led to structural changes particularly in the year 2015. The market has been able to achieve a fair growth despite the effect of economic slowdown. The major reason behind is that the inability of consumers to purchase new vehicles induced them to opt for pre-owned bikes and scooters. Due to the unorganized nature of this market, online marketplaces such as Droom, CredR and Bikerhighway have emerged in the used two-wheeler space. Further OEM’s such as HMSI have set up their pre-owned and certified vehicle outlets to offer good quality products that have undergone stringent quality checks. However, the contribution of such players to the overall used-two wheeler market is insignificant. 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 and credit cards. The growth of online advertising, which has fuelled the rise of online classified platforms such as OLX, Quikr, Gaadi.com, Carwale.com and others have revolutionized the way in which pre-owned vehicles have been sold in the country. The sale of used-two wheelers has always been traditionally channel through unorganized dealers or sellers themselves. However, with the growth of organized used car market and the rise in the popularity of automobile classified portals, the C2C channel has been preferred by consumers to eliminate intermediaries. It is believed that an emerging economy such as that of India offers huge potential for the used two wheeler market. The used two-wheeler dealers can utilize the current economic situation to provide value services and excellent second hand vehicles to improve their individual sales. In the coming few years, it is expected that the used two wheeler market will continue to flourish as more buyers will congregate the used two wheeler market seeking great deals as it is an excellent buying decision for an individual. 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. For more information on the market research report please refer to the below mentioned link: https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/india-preowned-two-wheelers-market-report/6912-100.html Contact Us: Ken Research Ankur Gupta, Head Marketing & Communications Ankur@kenresearch.com +91-9015378249 Post Views: 5 Tags: BikeDekho Revenue Preowned Bikes, C2C Transactions Used Vehicles, CredR Competition Owned Bikes, Dealers Market Share Used Vehicles, Droom Technology Business Model, Droom Technology Number of Transactions, Droom Technology Revenue, Future Used Bikes Market, India Preowned Two Wheelers Market, India Used Bikes Revenue, India Used Two Wheelers Market, Online Automobiles Marketplace India, Online Used Two Wheelers Market, Outlook India Two Wheelers Sales, Preowned Vehicles Sales IndiaCompetition, Transaction Used Bikes Sold India, Used Scooters Commission in India, Used Scooters Sales India, Used Scooty Sales India, Value Added Services Used Two Wheelers