Kenya Motorcycle Market Witnessing Impressive Growth in Africa Two Wheelers Industry

According to Goldstein Research, "Africa Two Wheelers Market is anticipated to expand at a compound annual growth rate of 9.1% over the forecast period i.e. 2016-2024.Rising urbanization and decline in dependable public transport system has led to the rapid growth of non-conventional modes of public transport, initially provided by the shared vans and mini buses and more recently by motorcycles, which led to the rapid growth of Africa two wheelers market. Based on geography, Kenya motorcycle market represents vast opportunity for the growth in the country. As per statistics by the Kenya National Bureau of Statistics (KNBS) 126,822 motorcycles were imported in the first half of 20147, up from 70,770 units imported in the same period last year.

Unlike cities in Asia, ownership of two-wheelers as a personalized vehicle is very small in sub-Saharan cities. However, over the past few years there has been significant growth in the usage and sales of motorcycles as a commercial public mode of transport.

Moreover, the global 2 wheeler market valued USD 90.1 billion in 2016, including electrically powered two wheelers and also accounted for more than 135 million units sold in same year. Further, the market is anticipated to expand at a CAGR of 6.9% to reach USD 154.3 billion over the forecast period i.e. by 2024.

Market Segmentation

Africa two wheelers market segmentation has been carried out on the basis of vehicle type and by fuel type. Vehicle type segment is further bifurcated into motorcycles, scooters and mopeds.

By Vehicle Type

• Scooters
• Mopeds

By Fuel Type

• Gasoline
• Electric

By Geography

• Nigeria {Market Share (%), Market Size (USD Billion), Sales (Million Unit)}
• Egypt {Market Share (%), Market Size (USD Billion), Sales (Million Unit)}
• South Africa {Market Share (%), Market Size (USD Billion), Sales (Million Unit) }
• Algeria {Market Share (%), Market Size (USD Billion), Sales (Million Unit) }
• Morocco {Market Share (%), Market Size (USD Billion), Sales (Million Unit) }
• Ethiopia {Market Share (%), Market Size (USD Billion), Sales (Million Unit) }
• Angola {Market Share (%), Market Size (USD Billion), Sales (Million Unit) }
• Kenya {Market Share (%), Market Size (USD Billion), Sales (Million Unit) }
• Rest of the Africa {Market Share (%), Market Size (USD Billion), Sales (Million Unit) }

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"Africa Two Wheelers Industry Outlook 2024" contains detailed overview of the Africa two wheelers market in terms of market segmentation by vehicle type, by fuel type and by region(Kenya, Nigeria, Egypt, Morocco etc.).

Further, for the in-depth analysis, Africa Two Wheelers Market Research Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis.

Africa Two Wheelers Market Report also provides competitive outlook of some of the major players which includes profiling of companies such as Ducati Motor Holding S.p.A., Hero Motocorp Ltd., TVS Motor Company, Bajaj Auto Limited, Suzuki Motor Corporation, Harley-Davidson, Inc, BMW AG, Honda, Kawasaki, etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.

Overall, the report represents comprehensive synopsis on the Africa two wheelers market trends that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

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Our analysts working on automotive industry analysis report to help various tech-giants, tech start-ups and entry players to assess the current and upcoming business scenario. We believe in vigorous examination of the current industry scenario and build around creative ideas and approaches that are most suitable to our clients’ needs and business agenda.

With more than 12 years of experience in Market Research Industry, I have scaled up my skills in strategic consulting as well. Currently working as a Director in the Research Department in a well known U.S. based market research & advisory firm.