Bike Market Share In India
Hyundai motor india has been able to corner its highest ever share of the indian car market.
Bike market share in india. In 2018 the e bike sales in germany captured a 23 5 share in the total bicycle market. 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. 107 pages report india electric two wheeler market size share outlook electric two wheeler market analysis 2023 by vehicle type electric scooter and electric motorcycle by voltage capacity by battery type by motor placement competition forecast opportunities. 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.
The 45 km hr models which are type approved and for which the insurance and helmet obligation applies. July sales data shows hyundai s share at 19 4 per cent the maximum its achieved in its over 20 years in india. 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.
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. Hmsi s market share. 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. Electric bikes market overview.
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. Also checkout latest bike models prices current news bike comparisons and our expert reviews and ratings on top selling best in india. Out of the total e bikes sold in germany 99 5 are of 250w 25km h models. A complete catalogue of new bikes available in india.
Remaining 0 5 of the total e bikes sold are of speed pedelecs.
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