Ethiopia two wheeler market is projected to grow at CAGR of above 12.34% by 2035 and will reach at USD 343.23 million
(USD 343.23 million) Ethiopia two wheeler market is projected to grow at CAGR of above 12.34% by 2035 in value terms, owing to government initiatives to develop the transportation system. Ethiopia’s public transportation system lacks effective management for meeting the growing trip frequency and the need of mobility of people as well as goods, which is likely to propel the demand of two wheelers in the next five years. Moreover, poor access to workplace, education, health and other services due to ineffective public transport network in Ethiopia has led to two wheelers emerging out as a prominent mode of transport in the country.
Based on the vehicle type, the motorcycle segment dominated the market in terms of volume and the segment is expected to maintain its position in the next five years, owing to high adoption in areas of heavy traffic congestion, utilitarian nature of two wheelers and high demand of motorcycles among tourists.
Major companies operating in the two weler market of Ethiopia are Honda Motors, Harley Davidson, Piaggio, BMW, Bajaj Auto Ltd., Kawasaki Motors, Yamaha, Suzuki, KTM, TVS Motor Company etc.The companies operating in the market are focusing on launching new products with increased speed to increase their share in the market.
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Objective of the Study
- To analyse and forecast the market size of Ethiopia Two Wheeler Market, in terms of value and volume.
- To classify and forecast Ethiopia Two Wheeler Market based on vehicle type, engine capacity and regional distribution.
- To identify drivers and challenges for Ethiopia Two Wheeler Market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Ethiopia Two Wheeler Market.
- To conduct the pricing analysis for Ethiopia Two Wheeler Market.
- To identify and analyse the profile of leading players involved in the manufacturing of Ethiopia Two Wheeler Market.
To perform the study, Market Insights Research conducted primary as well as exhaustive secondary research. Initially, Market Insights Research prepared an exhaustive list of Two Wheeler manufacturers and dealers operating in Ethiopia. Subsequently, Market Insights Research conducted primary research surveys, which include primary calls, email responses, etc., with the identified companies. While interviewing, the respondents were also asked about their major competitors. Market Insights Research analysed product offerings, distribution channels and regional presence of all major Two Wheeler companies in Ethiopia.
Market Insights Research calculated the market size for Ethiopia Two Wheeler market using a bottom-up technique, wherein sales volume data of various engine capacities was recorded as well as forecast for the future years. Market Insights Research sourced these values from industry experts and company representatives, and externally validated through analysing historical sales data of respective manufacturers to arrive at the overall market-size.
Key Target Audience
- Two Wheeler Manufacturers
- Dealers
- Automotive OEMs
- Two Wheeler Component Manufacturers
- Traders, Distributors, and Suppliers
- Industry associations and experts
- Research organizations and consulting companies.
- Research Institutes
- Industry associations
- Market research and consulting firm.
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as collaboration manufacturer and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
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Attribute
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Details
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Base Year
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2024
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Historical Years
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2018 – 2024
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Estimated Year
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2023E
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Forecast Period
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2024F – 2035F
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Quantitative Units
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Revenue in USD Million, Volume in Units and CAGR for 2019-2024 and 2024E-2035F
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Report Coverage
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Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends
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Segments Covered
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· Vehicle type
· Engine Capacity
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Region Scope
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Addis Ababa, Harari & Oromia Regions; Amhara, Tigray & Benishangul-Gumuz Regions; Southern Nations & Gambela Regions; Somali, Afar & Dire Dawa Regions
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Key Companies Profiled
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Honda Motors, Harley Davidson, Piaggio, BMW, Bajaj Auto Ltd., Kawasaki Motors, Yamaha, Suzuki, KTM, TVS Motor Company etc.
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Customization Scope
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10% free report customization with purchase. Addition or alteration to regional & segment scope.
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Pricing and Purchase Options
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Avail customized purchase options to meet your exact research needs. Explore purchase options
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Delivery Format
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PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)
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Report Scope
In this report, Ethiopia Two Wheeler Market has been segmented into following categories, in addition to the industry trends which have also been detailed below
Ethiopia Two Wheeler Market,
By Vehicle Type
Motorcycle
Scooter/Moped
· Two-Wheeler Market, By Engine Capacity Type
o Up to 125cc
o 126-250cc
o 250-500cc
o Above 500cc
Ethiopia Two Wheeler Market Market, By Region
Addis Ababa, Harari & Oromia Regions
Amhara, Tigray & Benishangul-Gumuz Regions
Southern Nations & Gambela Regions
Somali, Afar & Dire Dawa Regions
Hence, the government is now focusing on addressing such issues and bringing favorable policies & norms that would attract foreign investments across different industrial verticals, including the automotive & tire industry. This aspect is anticipated to create lucrative opportunities for prominent tire manufacturers to establish their manufacturing units and promulgate the two-wheeler tire market over the coming years.
Besides, as the overall economic conditions of people are still undergoing steady improvements, the sales of two-wheelers are rapidly surging across Ethiopia, which, as a result, is positively influencing the demand for two-wheeler tires. Moreover, the growing consumer requirements for easily available & affordable tires for two-wheelers entwined with the dominance of Chinese tires are other prominent factors projected to fuel the growth of the Ethiopia Two-Wheeler Tire Market in the years to come.
Available Customizations
With the given market data, we offers customizations according the company’s specific needs. The following customization options are available for the report
Company Information
• Detailed analysis and profiling of additional market players (up to five).
Profit Margin Analysis
• Profit margin analysis in case of direct and indirect sales channe
Market Dynamics
Key DriverRaising Consumer Awareness about Timely Repairs & Replacement of Tires
With a rise in the number of two-wheeler ownerships, customers are becoming increasingly aware of the importance of providing timely repairs & replacement of tires to ensure the utmost safety & long life of their vehicles. It is the most prominent aspect instigating the leading players to increase tire imports & enhance their distribution capacities, i.e., projected to drive the Ethiopia Two-Wheeler Tire Market during 2022-27.
Key Questions Answered in the Market Research Report
- What are the overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares) of the Ethiopia Two-Wheeler Tire Market?
- What are the region-wise industry size, growth drivers, and challenges?
- What are the key innovations, opportunities, current & future trends, and regulations in the Ethiopia Two-Wheeler Tire Market?
- Who are the key competitors, their key strengths & weaknesses, and how do they perform in the Ethiopia Two-Wheeler Tire Market based on the competitive benchmarking matrix?
- What are the key results derived from surveys conducted during the Ethiopia Two-Wheeler Tire Market study?
