Rising Prices of New Two Wheelers due to BS VI Standards and Aversion towards using Public Transportation in the Pandemic driving the Used Two Wheeler Market in India : 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 “Customer preference towards upgrading to higher segment two wheelers with budget constraints driving the used two wheeler market in India” Decrease in Replacement Cycle for Two Wheelers: The replacement cycle or average ownership period for two wheelers in India has come down from 7-8 years to 3-5 years over the past decade driven by rising aspirations of Indian consumers, frequent two wheeler launches and easy availability of financing for New Two Wheelers. Need for better exchange rates and saving on further depreciation is also bringing down the replacement cycle for new two wheelers. COVID-19 Impact on Used Two Wheeler Market: Sudden spike in demand post lockdown can be attributed to consumers shifting from market segments of new bikes/shared mobility to used vehicles; majorly observed in Tier 1 & Tier 2 cities. While a surge in demand was seen during Unlock 1, increase in supply was not seen Owing to cash crunch, people retained their vehicles thereby avoiding shifting to new vehicle purchase for a while. Supply of used two wheelers mainly originated from individuals looking for immediate cash or from food delivery companies selling out vehicles & laying off their delivery agents in order to meet cash flow needs. As lockdown eases further, Sale of Used Two Wheelers expected to Increase mainly from non metro cities as consumers prefer to have their own vehicle as compared to travelling in Public Transport System. Growth in Tier II & Tier III Cities: The Indian government was observed to particularly spend towards rural programs and huge road-construction projects that have led to increase in two wheeler volumes in smaller towns and cities of India. Besides rising incomes and growing infrastructure in rural areas, one of the primary growth drivers for the spurt in sales has been rise in total number of women commuters. Consumer Shift Towards Online Sales Channels: People residing in Metro cities such as Delhi NCR, Mumbai, Chennai, Bangalore and others along with rising internet penetration were observed to shift towards online classifieds and websites which act as a one stop shop for customers, therefore displaying product features along with pricing and other factors and promoting C2C transactions. On the other hand, people residing non-metro cities prefer to buy through offline channels. The report titled “India Used Two Wheeler Market Driven by Increase in Workforce Migration and Aversion towards Using Public Transportation” by Ken Research suggested that the used two wheeler market is expected to grow at a double digit positive CAGR. Rising Aspirations of young consumers along with increasing in demand from Tier II & Tier III cities is driving the used two wheeler market in India. 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 Saudi Arabia Used Car Market Outlook to 2025-By Market Structure, By Type of Car, By Brand, By Age of Vehicle, By Kms and By Region Malaysia Automotive Lubricant Market Outlook to 2025- Driven by Growing Vehicle Ownership & Preference for Synthetic Lubricants Spain Used Car Market Outlook to 2023 – Growth within Car Rental Companies Coupled with Shared Vehicle Mobility Segment to drive Used Car Sales Volume in Spain Contact Us: Ken Research Ankur Gupta, Head Marketing & Communications support@kenresearch.com +91-9015378249 Tags: BS VI Impact on Used Two Wheeler Market India, COVID 19 Impact on India Used Two Wheeler Market, CredR Used Two Wheeler Revenue Share, Droom Used Two Wheeler Sales Volume, Future of India Used Two Wheeler Market, Honda Second Hand Bike Market Sales Growth, Impact of COronavirus on India Used Two Wheeler Market, Imports of India Used Two Wheeler Market, India Organized Used Two Wheeler Industry Size, India Pre Owned Two Wheeler Industry, India Pre Owned Two Wheeler Market, India Scooters Market Demand, India Second Hand Scooter Sales, India Second Hand Two Wheeler Market, India Second Hand Two Wheeler Revenue Growth, India Unorganized Used Two Wheeler Growth, India Used Motorcycles Demand and Supply, India Used Two Wheeler B2C Channel Market, India Used Two Wheeler C2C Channel Market, India Used Two Wheeler Industry, India Used Two Wheeler Industry Research Report, India used two wheeler market, India Used Two Wheeler Market Analysis, India Used Two Wheeler Market End Users, India Used Two Wheeler Market Forecast, India Used Two Wheeler Market Growth Rate, India Used Two Wheeler Market Major Players, India Used Two Wheeler Market Outlook, India Used Two Wheeler Market Research Report, India Used Two Wheeler Market Revenue, India Used Two Wheeler Market Sales Channel, India Used Two Wheeler Market Segmentation, India Used Two Wheeler Market Share, India Used Two Wheeler Market Size, India Used Two Wheeler Sales By Engine Capacity, Luxury Used Bikes Market India, Mahindra First Choice Used Two Wheeler, Manufacturer of Two Wheelers in India, Motorcycle and Scooter Sales in India, OLX Used Two Wheeler Listings, Online Used Two Wheeler Market in India, Online Used Two Wheeler Platforms in India, Online Vs Offline Business Model of India Used Two Wheeler, Organized Used Two Wheeler Companies in India, Pre Owned Two Wheeler Financing In India, Quikr Second Hand Bike Listings, Second Hand Two Wheeler Market, Second Hand Used Two Wheelers Growth, Target Audience Used Two Wheeler Industry in India, Total Used Two Wheelers in India, USED Two Wheeler Dealers Share in India, Used Two Wheeler Industry India, Used Two Wheeler Market India, Used Two Wheeler Sales Growth in India, Used Two Wheeler Volume India