Two-wheeler aftermarket services industry generated a revenue of Rs 40,000 Crore in FY’22. Will India aftermarket services industry continue this growth trajectory? 1.Extension of Warranty Period and Free Service is a major growth driver of After Sale service in two-wheeler market. Two-wheeler manufacturers such as Hero, Honda and Yamaha announced the extension of warranty period and free service by two months during FY’21 due to the health crisis faced by consumers followed by the advent of COVID-19.… Read More »
Two-wheeler aftermarket services industry in India expanded at a CAGR of 7.9% in between FY’17 and FY’22. Will India aftermarket services industry continue this growth trajectory? 1. Enhancement of online presence is gaining traction among the existing players Trends and Developments in Two-wheeler Aftermarket Services Online Ecosystem COVID-19 era has witnessed businesses strengthening their digital presence in order to attract consumers as their preferences have shifted from availing services through face-to-face interaction to an online experience. Therefore, automotive aftermarket firms must… Read More »
India Two-Wheeler Aftermarket Services Industry is expected to expand at a CAGR of ~7.7% in Revenue in between FY’22 and FY’27: Ken Research Doorstep aftermarket services model offered by organized multi-brand players will gain traction among consumers post COVID-19 era. Two-wheeler aftermarket services industry would also witness strategic shift from technologies used to service fuel operated vehicles to electric vehicles along with enhancing the skill set of mechanics to service electric two-wheelers. Digital is the Future Entities operating… Read More »
India Two Wheeler Aftermarket Services Market — Revenue, Shares, Major Players, Growth and Analysis, Trends, Sales, Forecast and Outlook to 2027: Ken Research Buy Now Overview of India Two-Wheeler Aftermarket Services industry and Market Size India two-wheeler aftermarket services industry was valued at INR ~XX Crore in FY’22, expanding at a CAGR of XX% in between FY’17 and FY’22 on the basis of revenue generated. While the sales of two-wheeler contracted at a CAGR of XX% in between… Read More »
Shifting consumer preference towards availing private transportation medium is the post COVID scenario has resulted in resurgence of the two-wheeler aftermarket services industry ~ Ken Research Buy Now Preference for Availing Private Transportation Increased awareness on health and hygiene brought about by the advent of COVID-19 is a major determinant for the shift in consumer’s preference in availing private transportation medium rather than utilizing public transport. The shifting preference and integration of electric two-wheeler vehicles in the industry coupled with increasing… Read More »
India Two Wheeler Aftermarket Services Market Outlook to 2027: Ken Research Buy Now The publication titled ‘India Two-Wheeler Aftermarket Services Industry Outlook to 2027: Driven by growing sales of two-wheelers and shifting consumer preference towards availing private transportation medium” provides a comprehensive analysis of the aftermarket services industry by analyzing historical statistics and corresponding developments in the aftermarket industry. The report covers various aspects including aftermarket… Read More »
