India Used Two Wheelers Market Research Report: Ken Research REQUEST FOR SAMPLE REPORT Buy Now 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 How India Used Two Wheelers Market is Positioned? The Indian two wheelers industry has evolved in many folds in terms of technology and total number of two wheelers being manufactured and produced. Two wheelers in India can be seen as an alternative to walking, riding bicycle and public transit systems. Presently, India is the largest producer and manufacturer of two wheelers in the world followed by 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. In terms of value, India used two wheelers market generated gross revenue of INR ~ billion by selling off ~ million units in FY’2013. In the pre-owned two wheeler segment, both motorcycles and scooters were observed to become second vehicles in the households, thus showcasing high growth year on year. Demand exists for two wheelers below 150 cc generally, from young male students, especially in metro regions. 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 FY’2018 the sales volume through the unorganized sector individual sellers, local mechanics and small dealerships collectively contributed to nearly ~% of the market. Indian consumers who may want to use a vehicle for a short period of time or who may not be able to afford a new vehicle find it convenient to visit a nearby dealer and purchase it as per their budget. On the other hand organized sector was observed to capture the remaining ~% volume share in the FY’2018. By Distribution Channel of 2 Wheelers 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 share of ~% to the total sales volume in the used two-wheeler market during the FY’2018. On the other hand, the B2C channel controlled the remaining significant share of ~% in the used two wheeler sales space. By Stock Piece and Customized Two Wheelers During FY’2018, stock piece contributed to a majority of the used two-wheelers sold in India and consisted of standard vehicles manufactured by companies, thus evaluated at a volume share of ~% in India used two wheelers market. The total number of individuals who are bike enthusiasts and are able to afford expensive bikes constitute a very small proportion of buyers in the market for new customized bikes, thereby capturing the remaining ~% volume share in the FY’2018. By Type of Two Wheelers The share of scooters in the used two-wheeler space was recorded at ~% in the overall sales volume during FY’2018 in comparison to ~% in FY’2013. However, the market has continued to be dominated by motorcycles with a massive volume share of ~% during the FY’2018. 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. Competitive Landscape in India Used Two Wheelers Market In the FY’2017, ~% of the used two wheelers market in terms of sales volume was observed to be unorganized which comprises of individual sellers, local mechanics and small dealerships. Whereas the remaining ~% of the market constitutes of the organized players like Droom, CredR, BikeDekho.com, BikeWale.com, Mahindra First Choice Wheels Limited (MFCWL), Bikers Highway and others. 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. Snapshot on India Online Used Two Wheelers Market 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 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-wheeler market grew from INR ~ million in FY’2016 to INR ~ million in FY’2018. 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. India Used Two Wheelers Market Future Outlook and Projections It is anticipated that the used two wheelers market in the country 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 from ~ million units of sales volume in FY’2019E to ~ million units of sales volume in FY’2023E. The CAGR during this period is expected to be around ~% during the forecast period FY’2019E-FY’2023E. 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. Keywords Covered in this report:- Used Two Wheelers Market in India, India Used Two Wheelers Market, Preowned Two Wheelers Industry India, Two Wheeler Aftermarket Industry, India Two Wheeler Sales, India Online Used Two Wheelers Market, India Used Two Wheelers Sales, Used Two Wheelers Services in India, India Used Two Wheelers Segment, Used Commuter Bike on Sale, Type of Used Two Wheelers in India, India Used Two Wheelers Sales Volume, Imported Used Two Wheeler Market, Online Sales Two Wheeler, Used Scooter Sales in India, Used Bike Market in India, Financing Used Two Wheelers, Market Share Online Auto Classified Market For more information on the research report, refer to below link:- https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/india-used-two-wheeler-market/157169-100.html Related Reports:- https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/china-used-vehicle-market/149475-100.html https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/russia-used-car-market/146656-100.html https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/indonesia-used-car-report/79410-100.html Contact Us:- Ken Research Ankur Gupta, Head Marketing & Communications support@kenresearch.com +91-9015378249 Post Views: 3 Tags: Average Ownership Period Two Wheelers, B2C Channel Used Two Wheeler Sales, C2C Channel Sales Used Two Wheeler, Financing Used Two Wheelers, Imported Used Two Wheeler Market, India Online Used Two Wheelers Market, India Two Wheeler Sales, India Used Two Wheelers Market, India Used Two Wheelers Sales, India Used Two Wheelers Sales Volume, India Used Two Wheelers Segment, List of Organized Dealers Used Two Wheelers India, Market Share Online Auto Classified Market, Number of Unorganized Used Two Wheeler Dealers, Online Sales Two Wheeler, Preowned Two Wheelers Industry India, Regulations Two Wheeler Industry, Stock Piece and Customized Two Wheelers Sales, Two Wheeler Aftermarket Industry, Type of Used Two Wheelers in India, Unorganized Dealers Used Two Wheelers Market, Used Bike Market in India, Used Commuter Bike on Sale, Used Scooter Sales in India, Used Two Wheelers Future Outlook India, Used Two Wheelers Market in India, Used Two Wheelers Services in India