Market overview
The global two wheeler market is worth USD 105 bn in 2026 and is forecast to reach USD 171 bn by 2036, growing at a 5.0% CAGR. China is the largest country market and Motorcycles is the largest by type segment.
| Scope | New motorcycles, scooters and mopeds with petrol or electric motors, sold at retail value. |
|---|---|
| Industry | Automotive |
| Value 2025 | USD 100 bn |
| Value 2026 | USD 105 bn |
| Value 2036 | USD 171 bn |
| CAGR 2026-2036 | 5.0% |
| Volume 2026 | 62.1 million units |
| Volume 2036 | 87.1 million units |
| Average price 2026 | USD 1,692 per unit |
| Report price | Starts from USD 1,999 |
| Published | November 2026 |
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Two Wheeler market size and forecast, 2026-2036
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Year | Market value |
|---|---|
| 2026 | USD 105 bn |
| 2027 | USD 110 bn |
| 2028 | USD 116 bn |
| 2029 | USD 122 bn |
| 2030 | USD 128 bn |
| 2031 | USD 134 bn |
| 2032 | USD 141 bn |
| 2033 | USD 148 bn |
| 2034 | USD 155 bn |
| 2035 | USD 163 bn |
| 2036 | USD 171 bn |
Two Wheeler market segmentation
By type
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Motorcycles | 52.0% | 48.0% | USD 54.6 bn | 4.2% |
| Scooters | 32.0% | 35.7% | USD 33.6 bn | 6.2% |
| Mopeds | 16.0% | 16.3% | USD 16.8 bn | 5.2% |
By powertrain
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Petrol | 70.0% | 45.2% | USD 73.5 bn | 0.5% |
| Electric | 22.0% | 47.2% | USD 23.1 bn | 13.3% |
| Other fuels | 8.0% | 7.6% | USD 8.4 bn | 4.5% |
By engine size
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Up to 125 cc | 56.0% | 56.6% | USD 58.8 bn | 5.1% |
| 126 to 500 cc | 32.0% | 32.4% | USD 33.6 bn | 5.1% |
| Above 500 cc | 12.0% | 11.0% | USD 12.6 bn | 4.1% |
By price tier
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Budget | 48.0% | 40.0% | USD 50.4 bn | 3.1% |
| Mid-range | 38.0% | 40.0% | USD 39.9 bn | 5.5% |
| Premium | 14.0% | 20.0% | USD 14.7 bn | 8.8% |
By use
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Personal commuting | 66.0% | 60.0% | USD 69.3 bn | 4.0% |
| Commercial and delivery | 24.0% | 28.0% | USD 25.2 bn | 6.6% |
| Recreation and sport | 10.0% | 12.0% | USD 10.5 bn | 6.9% |
Top 25 countries for two wheeler by revenue
Countries are ranked by revenue earned from sales in the country, not by where the product is made. The ten largest hold 70.5% of 2026 revenue and the 25 countries below together hold 91.7%.
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| # | Country | Value 2026 | Share 2026 | Value 2036 | CAGR 2026-36 |
|---|---|---|---|---|---|
| 1 | China | USD 21.0 bn | 20.0% | USD 34.4 bn | 5.0% |
| 2 | India | USD 18.9 bn | 18.0% | USD 34.0 bn | 6.1% |
| 3 | Indonesia | USD 8.4 bn | 8.0% | USD 12.5 bn | 4.0% |
| 4 | United States | USD 7.3 bn | 7.0% | USD 9.9 bn | 3.0% |
| 5 | Vietnam | USD 4.2 bn | 4.0% | USD 6.8 bn | 5.0% |
| 6 | Brazil | USD 4.2 bn | 4.0% | USD 7.5 bn | 6.0% |
| 7 | Thailand | USD 3.1 bn | 3.0% | USD 4.6 bn | 3.9% |
| 8 | Philippines | USD 2.6 bn | 2.5% | USD 4.3 bn | 5.0% |
| 9 | Italy | USD 2.1 bn | 2.0% | USD 2.9 bn | 3.3% |
| 10 | Mexico | USD 2.1 bn | 2.0% | USD 3.4 bn | 5.0% |
| 11 | Pakistan | USD 2.0 bn | 1.9% | USD 6.2 bn | 11.8% |
| 12 | Bangladesh | USD 2.0 bn | 1.9% | USD 5.5 bn | 10.4% |
| 13 | Taiwan | USD 2.0 bn | 1.9% | USD 3.7 bn | 6.2% |
| 14 | Colombia | USD 2.0 bn | 1.9% | USD 4.2 bn | 7.6% |
| 15 | Malaysia | USD 2.0 bn | 1.9% | USD 2.9 bn | 3.5% |
| 16 | Nigeria | USD 2.0 bn | 1.9% | USD 3.3 bn | 5.0% |
| 17 | Argentina | USD 1.8 bn | 1.7% | USD 2.2 bn | 2.3% |
| 18 | Turkey | USD 1.6 bn | 1.5% | USD 1.9 bn | 2.2% |
| 19 | Egypt | USD 1.4 bn | 1.3% | USD 2.2 bn | 5.0% |
| 20 | Japan | USD 1.2 bn | 1.1% | USD 1.2 bn | 0.06% |
| 21 | Germany | USD 1.1 bn | 1.0% | USD 1.1 bn | 0.0% |
| 22 | France | USD 934 mn | 0.9% | USD 941 mn | 0.07% |
| 23 | Spain | USD 819 mn | 0.8% | USD 821 mn | 0.02% |
| 24 | Myanmar | USD 724 mn | 0.7% | USD 1.2 bn | 5.0% |
| 25 | Sri Lanka | USD 640 mn | 0.6% | USD 1.0 bn | 5.0% |
| Rest of world | USD 8.7 bn | 8.3% | USD 12.1 bn | 3.4% |
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
Competitive landscape
Group 1: Global leaders
- Honda
- Hero MotoCorp
- Yamaha Motor
- TVS Motor
- Bajaj Auto
- Suzuki Motor
Group 2: Regional and specialist players
- Royal Enfield
- Harley-Davidson
- BMW Motorrad
- Kawasaki
- KTM
- Yadea
- Piaggio Group
- Kymco
- Ducati
Group 3: Emerging and niche players
- Ola Electric
- Ather Energy
- CFMOTO
- Triumph Motorcycles
- Niu Technologies
- Zero Motorcycles
- Ultraviolette
Research methodology
Every figure on this page comes from the research framework that we apply to all of the markets we cover. The 2025 base for the two wheeler market is built from the volume sold and the price that buyers pay, and is cross-checked against the size of the wider industry the market belongs to. Where a market can be sized in more than one way, the routes are compared before a figure is set.
The forecast runs year by year from the 2025 base to 2036. Growth in each year reflects demand from the industries that buy the product, adoption of new technology, pricing, regulation and replacement cycles. Volume and price are modelled together, so revenue in each year equals volume multiplied by average price. The 2026 to 2036 compound annual growth rate of 5.0% is calculated from the resulting values.
The market is divided by type, by powertrain, by engine size, by price tier, by use. The 25 largest countries are ranked by revenue earned from sales to buyers in each country, not by where the product is made. Segment values and country values add up to the market total in every year, and every report is checked for consistency before it is published.
Companies are placed in three groups: global leaders, regional and specialist players, and emerging and niche players. The groups describe how companies compete in the market. They are not a ranking and they are not market shares.
Our analysts also carry out primary research. Customized reports add interviews with key opinion leaders, such as senior executives, technical specialists and buyers, to test the assumptions behind the numbers for the question being asked.
Frequently asked questions
How big is the two wheeler market?
The global two wheeler market is estimated at USD 100 bn in 2025 and USD 105 bn in 2026.
How fast will the two wheeler market grow?
It is forecast to reach USD 171 bn by 2036, a compound annual growth rate of 5.0% from 2026, an increase of USD 66.0 bn.
Which country is the largest market for two wheeler?
China is the largest market by revenue at USD 21.0 bn in 2026, 20.0% of the global total. The three largest countries together hold 46.0%.
Which country is growing fastest?
Among the ten largest markets, India is growing fastest at 6.1% a year from 2026 to 2036.
Which two wheeler segment is largest?
In the by type split, Motorcycles is the largest segment with 52.0% of 2026 revenue.
Who are the leading two wheeler companies?
Global leaders include Honda, Hero MotoCorp, Yamaha Motor, TVS Motor.
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