The Indian used two-wheeler market is a significant segment of the country's overall two-wheeler market, which is one of the largest in the world. In India, owning a two-wheeler is a popular and affordable mode of transportation for individuals and families. Due to factors such as rising fuel prices, growing traffic congestion, and the need for better mobility, the demand for two-wheelers, especially used ones, has been steadily increasing in recent years.
The used two-wheeler market in India comprises various types of vehicles, including scooters, motorcycles, mopeds, and electric bikes. The market is largely unorganized, with many small and medium-sized dealers operating in various regions of the country. However, in recent years, several online platforms have emerged, providing a more organized and streamlined process for buying and selling used two-wheelers.
The pricing of used two-wheelers in India is affected by various factors, such as the brand, model, age, mileage, condition, and location of the vehicle. Additionally, there is a significant price difference between two-wheelers in different regions of the country, with prices generally higher in urban areas.
Overall, the used two-wheeler market in India is expected to continue growing in the coming years, driven by factors such as increasing demand for affordable transportation, rising popularity of online platforms, and growing awareness of sustainability and electric mobility.
The COVID-19 pandemic has had a significant impact on the used two-wheeler market in India. During the early months of the pandemic, there was a sharp decline in demand for used two-wheelers, as the country went into a lockdown, and people were confined to their homes. This led to a considerable drop in sales, with many dealerships temporarily closing down due to the lack of customers and difficulty in procuring inventory. However, as the pandemic continued, the demand for used two-wheelers gradually began to pick up, as people started looking for affordable and safe transportation options. With public transport systems operating at reduced capacity, and people avoiding shared modes of transportation, the demand for two-wheelers, both new and used, increased. Additionally, as the pandemic forced many people to face financial hardships, the demand for used two-wheelers surged, as they are generally more affordable than new ones. This led to an increase in sales for many dealerships, with some even reporting a shortage of inventory due to the high demand.
However, the pandemic also led to disruptions in the supply chain, with several dealerships facing challenges in procuring parts and maintaining their inventory levels. Furthermore, the uncertainty around the pandemic and its impact on the economy has made many consumers more cautious with their spending, leading to a slower recovery in the market.
Overall, the COVID-19 pandemic has had a mixed impact on the used two-wheeler market in India, with a sharp decline in demand during the initial months, followed by a gradual recovery. The market is expected to continue growing, but the pandemic's long-term impact on the economy and consumer behavior remains uncertain.
India Used Two Wheeler Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Bike Bazaar, Bikers Highway, CredR, Ducati, Honda Best Deal, Mahindra First Choice, Royal Enfield Vintage, Suzuki Best Value.
India Used Two Wheeler Market Segmentation:
By Market: Based on the Market, India Used Two Wheeler Market is segmented as: Organized, Unorganized.
By Sales Channel: Based on the Sales Channel, India Used Two Wheeler Market is segmented as: C2C Channel, B2C Channel.
By Source: Based on the Source, India Used Two Wheeler Market is Segmented as: Domestic, Imports.
By Modification: Based on the Modifications, India Used Two Wheeler Market is Segmented as: Stock Price, Customized.
By Type of Bike: Based on the Type of Bike, India Used Two Wheeler Market is Segmented as: Motorcycles, Scooters.
By Engine Capacity: Based on the Engine Capacity, India Used Two Wheeler Market is Segmented as: 100CC-110CC, 125CC-135CC, 150CC-200CC, Others.
By Certification: Based on the Certification, India Used Two Wheeler Market is Segmented as: Certified, Non Certified.
By Region: This report also provide the data for key regional segments of India; Karnataka, Maharashtra, Delhi NCR, Haryana, Tamil Nadu, Telangana, Gujarat, Others.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.