Latin America Two-Wheeler Market Overview
Market Size in 2024: 13.6 Million Units
Market Forecast in 2033: 39.6 Million Units
Market Growth Rate (2025-2033): 11.94%
The Latin America two-wheeler market size reached 13.6 Million Units in 2024. Looking forward, IMARC Group expects the market to reach 39.6 Million Units by 2033, exhibiting a growth rate (CAGR) of 11.94% during 2025-2033.
Latin America Two-Wheeler Market Trends and Drivers:
The two-wheeler market in Latin America, primarily consisting of motorcycles and scooters, is on a remarkable growth trajectory. This boom is fueled by a growing desire for personal vehicles, an increasing need for urban mobility, and a notable rise in female riders. With environmental issues gaining attention and government incentives coming into play, there’s a clear shift towards electric two-wheelers. At the same time, international brands are stepping up their game by introducing advanced models. Countries like Argentina, Colombia, and Peru are particularly lively markets for two-wheelers and their components.
Several key factors are driving this growth, including a rise in personal vehicle ownership, especially among millennials, which is boosting the demand for two-wheelers as a convenient mode of transport. Rapid urbanization and densely populated areas make motorcycles and scooters practical choices for weaving through traffic and tackling challenging terrains. The increasing number of female riders is also creating a demand for specialized, lightweight, and compact two-wheelers. Additionally, as environmental awareness grows, there’s a heightened interest in electric and hybrid models, although affordability remains a significant concern for many.
Emerging trends showcase the rise of electric mobility, with battery-powered and hybrid two-wheelers helping to reduce emissions while improving performance. The entry of international Original Equipment Manufacturers (OEMs) is introducing more powerful and tech-savvy components. Manufacturers are also focusing on designing vehicles that cater to specific user groups, such as women riders, and providing a range of engine sizes to meet the demand for both fuel-efficient small models and larger performance bikes suited for sport and touring.
When examining country-specific trends, Argentina is witnessing a growing appetite for both motorcycles and scooters, while Colombia’s market is expanding due to urbanization and population growth. In Peru, steady growth is driven by the need for practical and affordable transportation solutions.
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Latin America Two-Wheeler Market Industry Segmentation:
Breakup by Vehicle Type:
- Motorcycle
- Scooter
- Moped
Breakup by Fuel Type:
- Gasoline
- Electric
Breakup by Engine Capacity:
- Less Than 100cc
- 100-125cc
- 126-250cc
- 250-500cc
- More Than 500cc
Breakup by Technology:
- Manual
- Automatic
Breakup by Country:
- Brazil
- Mexico
- Colombia
- Argentina
- Peru
- Ecuador
- Chile
- Others
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
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Key highlights of the Report:
- Market Performance (2019-2024)
- Market Outlook (2025-2033)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Strategic Recommendations
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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