Africa Two-Wheeler Market Size
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Study Period | 2017 - 2030 |
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Market Size (2024) | USD 8.73 Billion |
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Market Size (2030) | USD 11.71 Billion |
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Largest Share by Propulsion Type | ICE |
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CAGR (2024 - 2030) | 5.01 % |
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Largest Share by Country | South Africa |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Africa Two-Wheeler Market Analysis
The Africa Two-Wheeler Market size is estimated at 8.73 billion USD in 2024, and is expected to reach 11.71 billion USD by 2030, growing at a CAGR of 5.01% during the forecast period (2024-2030).
8.73 Billion
Market Size in 2024 (USD)
11.71 Billion
Market Size in 2030 (USD)
3.97 %
CAGR (2017-2023)
5.01 %
CAGR (2024-2030)
Largest Segment by Propulsion Type
98.13 %
value share, ICE, 2023
ICE two-wheelers dominate due to their affordability, widespread availability, and well-established refueling infrastructure across Africa.
Fastest-growing Segment by Propulsion Type
18.69 %
Projected CAGR, Hybrid and Electric Vehicles, 2024-2030
Electric two-wheelers are the fastest-growing due to increasing government incentives, rising fuel prices, and growing consumer awareness of sustainable transportation options.
Leading Market Player
13.20 %
market share, BMW Motorrad, 2023
BMW Motorrad leads the market with its premium two-wheeler models, advanced technology, and strong brand recognition, catering to the high-end segment of the African two-wheeler market.
Second leading Market Player
11.50 %
market share, Sym, 2023
SYM is a key player due to its innovative and high-quality two-wheeler models, strong brand reputation, and widespread distribution network supporting its market presence across Africa.
Third Leading Market Player
11.40 %
market share, Honda Motor Co. Ltd., 2023
Honda Motor Co. Ltd. holds a significant market position due to its reliable and affordable two-wheelers, extensive product range, and strong presence across Africa, meeting diverse consumer needs.
Africa's two-wheeler market is gearing up for significant growth, driven by urbanization and the demand for sustainable transportation solutions
- In 2023, the African two-wheeler market showcased resilience and growth, with sales figures reaching 1,880,000 units, marking an improvement from 2022's 1,850,000 units. This growth highlights the increasing reliance on two-wheelers across the continent, driven by their affordability, flexibility in navigating diverse terrains, and growing consumer interest in sustainable and efficient mobility solutions, including electric two-wheelers (E2Ws).
- The forecast for 2024 anticipates a notable increase in sales to 1,990,000 units, reflecting the robust demand for two-wheelers as essential vehicles for both urban and rural transportation needs. Governmental initiatives across various African countries, focusing on improving road safety, enhancing infrastructure, and promoting environmentally friendly transportation options, have positively impacted the two-wheeler market. While policies and incentives for E2Ws vary across the continent, there is a gradual shift towards sustainable mobility, aligning with global trends and local environmental goals.
- From 2024 to 2030, the African two-wheeler market is poised for significant growth, with projections indicating sales could reach 2,325,000 units by the end of the forecast period. This expected growth is likely to be propelled by ongoing urbanization, economic development, and the critical need for accessible transportation solutions. The potential increase in E2W adoption, driven by improvements in technology, affordability, and infrastructure, alongside a heightened awareness of environmental sustainability, sets the stage for a dynamic expansion of the two-wheeler market across Africa.
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The Asian two-wheeler market is experiencing robust growth driven by urbanization, economic factors, and the rising demand for affordable, sustainable transportation solutions
- The African two-wheeler market is experiencing significant growth, driven by urbanization, economic development, and the increasing demand for affordable and efficient transportation solutions. As cities across the continent continue to expand, two-wheelers have emerged as a practical and cost-effective alternative to private cars, offering greater mobility and convenience in navigating congested urban areas.
- South Africa's two-wheeler landscape is witnessing consistent growth, positioning itself as a pivotal player in the realm of urban mobility solutions. The year 2023 witnessed a surge in sales, with figures reaching 15,620 units, a notable uptick from the 15,120 units sold in 2022. This escalation signifies a burgeoning interest in two-wheelers within the nation, fueled by their affordability, agility in navigating traffic congestion, and the escalating cost of fuel, which renders two-wheelers an alluring alternative for personal transportation.
- The Rest-of-Africa region's two-wheeler market finds itself on an upward trajectory, propelled by economic growth and a growing inclination towards sustainable transportation preferences. In 2023, this market segment witnessed an expansion, with sales reaching an impressive 1,866,540 units, a modest increment from the 1,836,980 units sold in 2022. This growth underscores the indispensable role two-wheelers play in the region's mobility ecosystem, offering affordable, accessible, and efficient transportation solutions across diverse geographic and socio-economic landscapes.
Africa Two-Wheeler Market Trends
Africa's transport electrification is expanding rapidly, with significant increases across all vehicle types
- Electrification in Africa's transport sector is gaining momentum. In 2022, the electrification rate for passenger cars was 2%, which climbed to 4% in 2023. Light commercial vehicles (LCVs) followed suit, with their electrification rate rising from 0.20% in 2022 to 1.09% in 2023. Buses, a crucial part of public transport in many African countries, saw their electrification rate surge from 0.50% in 2022 to 1.96% in 2023. Even two-wheelers, a popular mode of transport in several regions, witnessed a significant uptick, with their electrification rate leaping from 1.50% in 2022 to 4.65% in 2023.
- Over the past five years, Africa's commitment to greener transportation has been evident. The electrification rate for passenger cars rose from 2% in 2017 to 5% in 2022. LCVs, crucial for goods transport across the continent, saw their electrification rate surge from 0.20% in 2017 to nearly 2% by 2022. Buses, pivotal for mass transit, made notable progress, going from a 0.50% rate in 2017 to 3.42% by 2022. Meanwhile, the electrification percentage for two-wheelers, widely used for daily commutes, climbed from 1.50% in 2017 to 7.81% in 2022.
- Looking ahead to the period of 2024-2030, all vehicle categories in Africa are expected to witness consistent growth in electrification. By 2030, passenger cars with electric components are projected to account for 12% of the total. LCVs are anticipated to reach a 6% electrification rate, while buses, crucial for sustainable urban and inter-city travel, are forecasted to hit a 10% electrification rate by the end of the decade. The two-wheelers segment, known for its efficiency and affordability, is set to achieve a significant electrification rate of 22% by 2030.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Africa's demographic evolution demonstrates consistent growth with a notable acceleration in recent years
- South Africa's consumer vehicle population shows signs of stabilization
- The auto interest rates across Africa are influenced by a blend of economic policies, global conditions, and local factors
- Battery pack prices in Africa continued to decline from USD 186 in 2022 to USD 176 in 2023, driven by technological advancements and increased market competition
- Between 2017 and 2022, Africa Witnessed steady increases in diesel and gasoline prices, with a notable spike in diesel prices in 2022. These fluctuations were influenced by global events, regional economic conditions, and potential supply chain disruptions
- Despite a GDP per capita decline in 2022-2023, Africa shows potential for future economic stability through trade agreements and infrastructure development
- South Africa, Kenya, and Morocco exhibit declining inflation rates, while Nigeria faces a sharp inflation increase
- Africa's EV infrastructure is experiencing growth, with a notable increase in fast charging stations from 2022 to 2023
- The launch of new electric vehicle models in South Africa enhances market diversity, incorporates advanced technology, and is supported by government incentives.
Africa Two-Wheeler Industry Overview
The Africa Two-Wheeler Market is moderately consolidated, with the top five companies occupying 49.80%. The major players in this market are BMW Motorrad, Harley-Davidson, Honda Motor Co. Ltd., KTM Motorcycles and Sym (sorted alphabetically).
Africa Two-Wheeler Market Leaders
BMW Motorrad
Harley-Davidson
Honda Motor Co. Ltd.
KTM Motorcycles
Sym
Other important companies include Bajaj Auto Ltd., Hero MotoCorp Ltd., Lifan Technology (Group) Co. Ltd., Suzuki Motor Corporation, TVS Motor Company Limited, Yamaha Motor Company Limited.
*Disclaimer: Major Players sorted in alphabetical order.
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Africa Two-Wheeler Market News
- September 2023: KTM India launched the two all-new, single-cylinder Duke 390 and 250 motorcycles priced at INR 310,520 and INR 239,000 respectively.
- July 2023: Harley-Davidson spinoff LiveWire Unveils Its Second Motorcycle – and It Can Hit 103 MPH.
- July 2023: Hero Motocorp and Harley-Davidson launched their co-developed premium motorcycle – the Harley-Davidson X440 in India from a starting price of INR 229 thousand and going to INR 269 thousand.
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For the Vehicle Hub report, we provide an extensive collection of over 150 free charts, delivering detailed insights on regional and country-level dynamics within the vehicle industry. This encompasses in-depth analyses of vehicle registrations, usage patterns in both consumer and business segments, and evaluations of various vehicle configurations and body types. The report delves into critical industrial trends such as shifts in vehicle production and distribution centers, changes in vehicle ownership costs, and advancements in automotive technologies. Further, our report offers comprehensive market segmentation by vehicle type, body type, propulsion, and fuel categories, providing a nuanced understanding of the market landscape. It also explores the adoption rate of new technologies, the impact of regulatory changes, and the influence of economic factors on the vehicle market. We include a thorough examination of key industry players, regulatory frameworks, and market size in terms of both revenue and unit sales, leading to strategic projections and forecasts that account for emerging trends and potential shifts in the industry.
Africa Two-Wheeler Market Report - Table of Contents
1. EXECUTIVE SUMMARY & KEY FINDINGS
2. REPORT OFFERS
3. INTRODUCTION
- 3.1 Study Assumptions & Market Definition
- 3.2 Scope of the Study
- 3.3 Research Methodology
4. KEY INDUSTRY TRENDS
- 4.1 Population
- 4.2 GDP Per Capita
- 4.3 Consumer Spending For Vehicle Purchase (cvp)
- 4.4 Inflation
- 4.5 Interest Rate For Auto Loans
- 4.6 Impact Of Electrification
- 4.7 EV Charging Station
- 4.8 Battery Pack Price
- 4.9 New Xev Models Announced
- 4.10 Fuel Price
- 4.11 Regulatory Framework
- 4.12 Value Chain & Distribution Channel Analysis
5. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2030 and analysis of growth prospects)
- 5.1 Propulsion Type
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5.2 Country
- 5.2.1 South Africa
- 5.2.2 Rest-of-Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Key Strategic Moves
- 6.2 Market Share Analysis
- 6.3 Company Landscape
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6.4 Company Profiles
- 6.4.1 Bajaj Auto Ltd.
- 6.4.2 BMW Motorrad
- 6.4.3 Harley-Davidson
- 6.4.4 Hero MotoCorp Ltd.
- 6.4.5 Honda Motor Co. Ltd.
- 6.4.6 KTM Motorcycles
- 6.4.7 Lifan Technology (Group) Co. Ltd.
- 6.4.8 Suzuki Motor Corporation
- 6.4.9 Sym
- 6.4.10 TVS Motor Company Limited
- 6.4.11 Yamaha Motor Company Limited
- *List Not Exhaustive
7. KEY STRATEGIC QUESTIONS FOR VEHICLES CEOS
8. APPENDIX
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8.1 Global Overview
- 8.1.1 Overview
- 8.1.2 Porter’s Five Forces Framework
- 8.1.3 Global Value Chain Analysis
- 8.1.4 Market Dynamics (DROs)
- 8.2 Sources & References
- 8.3 List of Tables & Figures
- 8.4 Primary Insights
- 8.5 Data Pack
- 8.6 Glossary of Terms
List of Tables & Figures
- Figure 1:
- POPULATION TRENDS, VOLUME IN UNITS, AFRICA, 2017 - 2030
- Figure 2:
- GDP PER CAPITA AT CURRENT PRICES, VALUE IN USD, AFRICA, 2017 - 2030
- Figure 3:
- AVERAGE CONSUMER SPENDING PER CAPITA ON PURCHASE OF VEHICLES, VALUE IN USD, AFRICA, 2017 - 2030
- Figure 4:
- INFLATION RATE AT AVERAGE CONSUMER PRICES, PERCENTAGE CHANGE, AFRICA, 2017 - 2030
- Figure 5:
- AUTO LOAN INTEREST RATES, PERCENTAGE, AFRICA, 2017 - 2022
- Figure 6:
- ELECTRIC VEHICLE MARKET PENETRATION RATE, BY VEHICLE TYPE, PERCENTAGE OF VOLUME, AFRICA, 2017 - 2030
- Figure 7:
- CHARGING STATION DEPLOYMENT, BY TYPE, VOLUME IN UNITS, AFRICA, 2017 - 2022
- Figure 8:
- AVERAGE LITHIUM-ION BATTERY PACK PRICE, VALUE IN USD, AFRICA, 2017 - 2030
- Figure 9:
- FUEL PRICE, BY FUEL TYPE, USD/LITER, AFRICA, 2017 - 2022
- Figure 10:
- AFRICA TWO-WHEELER MARKET, VOLUME IN UNITS, 2017 - 2030
- Figure 11:
- AFRICA TWO-WHEELER MARKET, VALUE IN USD, 2017 - 2030
- Figure 12:
- AFRICA TWO-WHEELER MARKET, BY PROPULSION TYPE, BY VOLUME IN UNITS, 2017 - 2030
- Figure 13:
- AFRICA TWO-WHEELER MARKET, BY PROPULSION TYPE, BY VALUE IN USD, 2017 - 2030
- Figure 14:
- AFRICA TWO-WHEELER MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
- Figure 15:
- AFRICA TWO-WHEELER MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
- Figure 16:
- AFRICA TWO-WHEELER MARKET, BY COUNTRY, BY VOLUME IN UNITS, 2017 - 2030
- Figure 17:
- AFRICA TWO-WHEELER MARKET, BY COUNTRY, BY VALUE IN USD, 2017 - 2030
- Figure 18:
- AFRICA TWO-WHEELER MARKET MARKET, SHARE(%), BY COUNTRY, 2017 - 2030
- Figure 19:
- AFRICA TWO-WHEELER MARKET MARKET, SHARE(%), BY COUNTRY, 2017 - 2030
- Figure 20:
- AFRICA TWO-WHEELER MARKET, BY SOUTH AFRICA, BY VOLUME IN UNITS, 2017 - 2030
- Figure 21:
- AFRICA TWO-WHEELER MARKET, BY SOUTH AFRICA, BY VALUE IN USD, 2017 - 2030
- Figure 22:
- AFRICA TWO-WHEELER MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
- Figure 23:
- AFRICA TWO-WHEELER MARKET, BY REST-OF-AFRICA, BY VOLUME IN UNITS, 2017 - 2030
- Figure 24:
- AFRICA TWO-WHEELER MARKET, BY REST-OF-AFRICA, BY VALUE IN USD, 2017 - 2030
- Figure 25:
- AFRICA TWO-WHEELER MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
- Figure 26:
- AFRICA TWO-WHEELER MARKET, MOST ACTIVE COMPANIES, BY NUMBER OF STRATEGIC MOVES, 2017 - 2030
- Figure 27:
- AFRICA TWO-WHEELER MARKET, MOST ADOPTED STRATEGIES, 2017 - 2030
- Figure 28:
- AFRICA TWO-WHEELER MARKET SHARE(%), BY MAJOR PLAYERS, 2021
Africa Two-Wheeler Industry Segmentation
are covered as segments by Propulsion Type. South Africa, Rest-of-Africa are covered as segments by Country.
- In 2023, the African two-wheeler market showcased resilience and growth, with sales figures reaching 1,880,000 units, marking an improvement from 2022's 1,850,000 units. This growth highlights the increasing reliance on two-wheelers across the continent, driven by their affordability, flexibility in navigating diverse terrains, and growing consumer interest in sustainable and efficient mobility solutions, including electric two-wheelers (E2Ws).
- The forecast for 2024 anticipates a notable increase in sales to 1,990,000 units, reflecting the robust demand for two-wheelers as essential vehicles for both urban and rural transportation needs. Governmental initiatives across various African countries, focusing on improving road safety, enhancing infrastructure, and promoting environmentally friendly transportation options, have positively impacted the two-wheeler market. While policies and incentives for E2Ws vary across the continent, there is a gradual shift towards sustainable mobility, aligning with global trends and local environmental goals.
- From 2024 to 2030, the African two-wheeler market is poised for significant growth, with projections indicating sales could reach 2,325,000 units by the end of the forecast period. This expected growth is likely to be propelled by ongoing urbanization, economic development, and the critical need for accessible transportation solutions. The potential increase in E2W adoption, driven by improvements in technology, affordability, and infrastructure, alongside a heightened awareness of environmental sustainability, sets the stage for a dynamic expansion of the two-wheeler market across Africa.
| Country | South Africa |
| Rest-of-Africa |
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Market Definition
- Vehicle Type - The category covers motorized two-wheelers.
- Vehicle Body Type - This includes Scooters and Motorcycles, while Kick-scooters and Bicycles are excluded.
- Fuel Category - Coverage extends to vehicles powered by Internal Combustion Engines (ICE) and electric propulsion systems.
| Keyword | Definition |
|---|---|
| Electric Vehicle (EV) | A vehicle which uses one or more electric motors for propulsion. Includes cars, buses, and trucks. This term includes all-electric vehicles or battery electric vehicles and plug-in hybrid electric vehicles. |
| BEV | A BEV relies completely on a battery and a motor for propulsion. The battery in the vehicle must be charged by plugging it into an outlet or public charging station. BEVs do not have an ICE and hence are pollution-free. They have a low cost of operation and reduced engine noise as compared to conventional fuel engines. However, they have a shorter range and higher prices than their equivalent gasoline models. |
| PEV | A plug-in electric vehicle is an electric vehicle that can be externally charged and generally includes all-electric vehicles as well as plug-in hybrids. |
| Plug-in Hybrid EV | A vehicle that can be powered either by an ICE or an electric motor. In contrast to normal hybrid EVs, they can be charged externally. |
| Internal combustion engine | An engine in which the burning of fuels occurs in a confined space called a combustion chamber. Usually run with gasoline/petrol or diesel. |
| Hybrid EV | A vehicle powered by an ICE in combination with one or more electric motors that use energy stored in batteries. These are continually recharged with power from the ICE and regenerative braking. |
| Commercial Vehicles | Commercial vehicles are motorized road vehicles designed for transporting people or goods. The category includes light commercial vehicles (LCVs) and medium and heavy-duty vehicles (M&HCV). |
| Passenger Vehicles | Passenger cars are electric motor– or engine-driven vehicles with at least four wheels. These vehicles are used for the transport of passengers and comprise no more than eight seats in addition to the driver’s seat. |
| Light Commercial Vehicles | Commercial vehicles that weigh less than 6,000 lb (Class 1) and in the range of 6,001–10,000 lb (Class 2) are covered under this category. |
| M&HDT | Commercial vehicles that weigh in the range of 10,001–14,000 lb (Class 3), 14,001–16,000 lb (Class 4), 16,001–19,500 lb (Class 5), 19,501–26,000 lb (Class 6), 26,001–33,000 lb (Class 7) and above 33,001 lb (Class 8) are covered under this category. |
| Bus | A mode of transportation that typically refers to a large vehicle designed to carry passengers over long distances. This includes transit bus, school bus, shuttle bus, and trolleybuses. |
| Diesel | It includes vehicles that use diesel as their primary fuel. A diesel engine vehicle have a compression-ignited injection system rather than the spark-ignited system used by most gasoline vehicles. In such vehicles, fuel is injected into the combustion chamber and ignited by the high temperature achieved when gas is greatly compressed. |
| Gasoline | It includes vehicles that use gas/petrol as their primary fuel. A gasoline car typically uses a spark-ignited internal combustion engine. In such vehicles, fuel is injected into either the intake manifold or the combustion chamber, where it is combined with air, and the air/fuel mixture is ignited by the spark from a spark plug. |
| LPG | It includes vehicles that use LPG as their primary fuel. Both dedicated and bi-fuel LPG vehicles are considered under the scope of the study. |
| CNG | It includes vehicles that use CNG as their primary fuel. These are vehicles that operate like gasoline-powered vehicles with spark-ignited internal combustion engines. |
| HEV | All the electric vehicles that use batteries and an internal combustion engine (ICE) as their primary source for propulsion are considered under this category. HEVs generally use a diesel-electric powertrain and are also known as hybrid diesel-electric vehicles. An HEV converts the vehicle momentum (kinetic energy) into electricity that recharges the battery when the vehicle slows down or stops. The battery of HEV cannot be charged using plug-in devices. |
| PHEV | PHEVs are powered by a battery as well as an ICE. The battery can be charged through either regenerative breaking using the ICE or by plugging into some external charging source. PHEVs have a better range than BEVs but are comparatively less eco-friendly. |
| Hatchback | These are compact-sized cars with a hatch-type door provided at the rear end. |
| Sedan | These are usually two- or four-door passenger cars, with a separate area provided at the rear end for luggage. |
| SUV | Popularly known as SUVs, these cars come with four-wheel drive, and usually have high ground clearance. These cars can also be used as off-road vehicles. |
| MPV | These are multi-purpose vehicles (also called minivans) designed to carry a larger number of passengers. They carry between five and seven people and have room for luggage too. They are usually taller than the average family saloon car, to provide greater headroom and ease of access, and they are usually front-wheel drive. |
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Research Methodology
Mordor Intelligence follows a four-step methodology in all its reports.
- Step-1: Identify Key Variables: To build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built based on these variables.
- Step-2: Build a Market Model: Market-size estimations for the historical and forecast years have been provided in revenue and volume terms. Market revenue is calculated by multiplying the sales volume with their respective average selling price (ASP). While estimating ASP factors like average inflation, market demand shift, manufacturing cost, technological advancement, and varying consumer preference, among others have been taken into account.
- Step-3: Validate and Finalize: In this important step, all market numbers, variables, and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms.
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