Bike Market Share In India
July sales data shows hyundai s share at 19 4 per cent the maximum its achieved in its over 20 years in india.
Bike market share in india. Electric bikes market overview. A complete catalogue of new bikes available in india. Honda has tasted success with a lot of cars in india recently with the wr v and of course we cannot forget the city s contribution to the company s growing pie in india. However the japanese car maker wants to make big strides in the country and it will be launching 6 new cars in the indian market in the next three years.
Also checkout latest bike models prices current news bike comparisons and our expert reviews and ratings on top selling best in india. Hyundai motor india has been able to corner its highest ever share of the indian car market. The 45 km hr models which are type approved and for which the insurance and helmet obligation applies. Remaining 0 5 of the total e bikes sold are of speed pedelecs.
Following the trend the second largest two wheeler maker honda motorcycle scooter india also saw a decline of 2 per cent in market share over last year at 26 1 per cent. For this it will be making a significant investment in the indian market. The global e bike market is projected to grow at a cagr of 9 01 during the forecast period to reach usd 38 6 billion by 2025 from an estimated usd 21 1 billion in 2018 class i electric bike is estimated to be the largest segment in the global electric bikes market. India bike helmet market is projected to grow at a cagr of 14 during 2021 2026 owing to increasingly stringent regulations and strictness at roads in india for both commuters and manufacturers of helmets in the country.
A class i electric bike is equipped with a motor that provides assistance only when the rider is pedaling and stops assisting. In 2018 the e bike sales in germany captured a 23 5 share in the total bicycle market. With increase in consumer spending and demand for safer helmets due to rising number of road accidents in india sales of bike helmets are forecast to continue growing across. The global electric bikes market size was valued at 16 34 billion in 2017 and is expected to reach 23 83 billion by 2025 registering a cagr of 4 9 from 2018 to 2025.
India is the world s largest two wheeler market and despite the losses suffered by bike and scooter makers in india during the shift to bs iv the industry recovered well with a massive growth.
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