India Two Wheeler Aftermarket Service Market Growth, Share, Opportunities and Forecast Trends
India Two Wheeler Aftermarket Service Market Size- By Type of Vehicle, By Age of Two-Wheeler, By type of Workshop, By Service Split, By Booking Mode, By Expenditure Category- Regional Outlook, Competitive Strategies and Segment Forecast to 2032
| Published: Feb-2023 | Report ID: AMIN2337 | Pages: 1 - 101 | Formats*: |
| Category : Automotive & Transportation | |||
India Two-Wheeler Aftermarket Service Market Overview
According to SPER Market Research, the India Two Wheeler Aftermarket Service Market is estimated to reach USD XX billion by 2032 with a CAGR of XX%.
The two-wheeler aftermarket service industry in India is a significant sector that caters to the repair and maintenance of two-wheelers. It includes a range of services such as regular servicing, repairs, and customization of two-wheelers. In India, the two-wheeler aftermarket service industry is predominantly unorganized, with small and medium-sized garages and service centers dominating the market. However, there are some organized players as well, such as TVS, Hero MotoCorp, and Bajaj Auto, which have their own service centers and networks. The aftermarket service industry is an essential part of the two-wheeler market in India as it provides customers with affordable options for maintenance and repair of their vehicles. This is particularly important in a country like India where two-wheelers are the most common mode of transportation and are heavily used.
The aftermarket service industry is also growing due to the increasing demand for customized bikes and scooters. Many customers prefer to add new features and accessories to their two-wheelers, which can be done through aftermarket service providers. Overall, the two-wheeler aftermarket service industry in India is a crucial component of the two-wheeler market, providing customers with affordable and customized services, and is likely to continue to grow in the future.
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Impact of COVID-19 on the India Two Wheeler Aftermarket Service Market
The COVID-19 pandemic has had a significant impact on the India two-wheeler aftermarket service industry. Here are some of the ways the pandemic has affected the industry: Disruption of supply chains: The lockdowns and travel restrictions imposed in India to curb the spread of COVID-19 have disrupted the supply chains of many industries, including the two-wheeler aftermarket service industry. This has resulted in a shortage of spare parts and accessories, which has made it difficult for service providers to provide timely and efficient service. Decrease in demand: The pandemic has also resulted in a decrease in demand for two-wheeler services, as people have been staying at home and reducing their travel. This has led to a decrease in revenue for service providers, which has affected their profitability. Change in consumer behaviour: The pandemic has also led to a change in consumer behavior, with many people now preferring to buy their two-wheelers online and avoid visiting physical stores. This has forced service providers to adapt their business models and invest in digital platforms to reach customers.
Increase in safety measures: With the risk of infection still high, two-wheeler service providers have had to increase their safety measures to protect their customers and staff. This has led to additional costs, such as purchasing personal protective equipment and implementing new sanitation protocols. Overall, the India two-wheeler aftermarket service industry has been significantly impacted by the COVID-19 pandemic. However, as the country continues to recover and reopen, the industry is expected to bounce back, with service providers adapting to the new normal and finding innovative ways to reach customers.
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Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2032 |
| Base year considered | 2021 |
| Forecast period | 2022-2032 |
| Segments covered | By Type of Vehicle, By Age of Two-Wheeler, By Type of Workshop, By Service Split, By Booking Mode, By Expenditure Category |
| Regions covered | Karnataka, Maharashtra, Delhi NCR, Haryana, Tamil Nadu, Telangana, Gujarat, Others |
| Companies Covered | Bajaj Auto, Hero, Honda, Okinawa, Pure EV, Suzuki, TVS |
India Two Wheeler Aftermarket Service Market Segmentation:
1. By Type of Vehicle:
- Motorcycles
- Scooters
2. By Age of Two-Wheeler:
- 0-2 years
- 2-4 years
- 4-6 years
- 6-8 years
- 8 years & above
3. By Type of Workshop:
- Organized
- Unorganized
4. By Service Split:
- Non-Crash Repair
- Crash Repair
- Body Care
5. By Booking Mode:
- Offline
- Online
6. By Expenditure category:
- Service
- Spare-Parts
- Consumables
7. By Region:
- Karnataka
- Maharashtra
- Delhi NCR
- Haryana
- Tamil Nadu
- Telangana
- Gujarat
- Others
Key Topics Covered in the Report:
- Size of India Two Wheeler Aftermarket Service Market (FY’2019-FY’2032)
- Overview of India Two Wheeler Aftermarket Service Market
- Segmentation of India Two Wheeler Aftermarket Service Market By Type of Vehicle (Motorcycles, Scooters)
- Segmentation of India Two Wheeler Aftermarket Service Market By Age of Two Wheeler (0-2 years, 2-4 years, 4-6 years, 6-8 years, 8 years & above)
- Segmentation of India Two Wheeler Aftermarket Service Market By Type of Workshop (Organized, Unorganized)
- Segmentation of India Two Wheeler Aftermarket Service Market By Service Split (Non-Crash Repair, Crash Repair, Body Care)
- Segmentation of India Two Wheeler Aftermarket Service Market By Booking Mode (Offline, Online)
- Segmentation of India Two Wheeler Aftermarket Service Market By Expenditure Category (Service, Spare-Parts, Consumables)
- Statistical Snap of India Two Wheeler Aftermarket Service Market
- Growth Analysis of India Two Wheeler Aftermarket Service Market
- Problems and Challenges in India Two Wheeler Aftermarket Service Market
- Competitive Landscape in the India Two Wheeler Aftermarket Service Market
- Impact of COVID-19 and Demonetization on India Two Wheeler Aftermarket Service Market
- Details on Recent Investment in India Two Wheeler Aftermarket Service Market
- Competitive Analysis of India Two Wheeler Aftermarket Service Market
- Major Players in the India Two Wheeler Aftermarket Service Market
- SWOT Analysis of India Two Wheeler Aftermarket Service Market
- India Two Wheeler Aftermarket Service Market Future Outlook and Projections (FY’2019-FY’2032)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1 Research data source
2.1.1 Secondary data2.1.2 Primary data2.1.3 SPER’s internal database2.1.4 Premium insight from KOL’s
2.2 Market size estimation
2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1 Drivers4.1.2 Restraints4.1.3 Opportunities4.1.4 Challenges
4.2. COVID-19 Impacts of the India Two Wheeler Aftermarket Service Market
5. Market variables and outlook
5.1. SWOT analysis
5.1.1 Strengths5.1.2 Weaknesses5.1.3 Opportunities5.1.4 Threats
5.2. PESTEL analysis
5.2.1 Political landscape5.2.2 Economic landscape5.2.3 Social landscape5.2.4 Technological landscape5.2.5 Environmental landscape5.2.6 Legal landscape
5.3. PORTER’S five forces analysis
5.3.1 Bargaining power of suppliers5.3.2 Bargaining power of Buyers5.3.3 Threat of Substitute5.3.4 Threat of new entrant
5.3.5 Competitive rivalry
5.4. Heat map analysis
6. Competitive Landscape
6.1 India Two Wheeler Aftermarket Service Market Manufacturing Base Distribution, Sales Area, Product Type6.2 Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in India Two Wheeler Aftermarket Service Market
7. India Two Wheeler Aftermarket Service Market, By Type of Vehicle, 2019-2032 (USD Million)
7.1 Motorcycles7.2 Scooters
8. India Two Wheeler Aftermarket Service Market, By Age of Two-Wheeler, 2019-2032(USD Million)
8.1 0-2 years8.2 2-4 years8.3 4-6 years8.4 6-8 years8.5 8 years & above
9. India Two Wheeler Aftermarket Service Market, By Type of Workshop, 2019-2032(USD Million)
9.1 Organized9.2 Unorganized
10. India Two Wheeler Aftermarket Service Market, By Service Split, 2019-2032(USD Million)
10.1 Non-Crash Repair10.2 Crash Repair10.3 Body Care
11. India Two Wheeler Aftermarket Service Market, By Booking Mode, 2019-2032(USD Million)
11.1 Offline11.2 Online
12. India Two Wheeler Aftermarket Service Market, By Expenditure category, 2019-2032(USD Million)
12.1 Service12.2 Spare-Parts12.3 Consumables
13. India Two Wheeler Aftermarket Service Market, By Region, 2019-2032 (USD Million)
13.1 India Two Wheeler Aftermarket Service Market Size and Market Share by Region (2019-2025)13.2 India Two Wheeler Aftermarket Service Market Size and Market Share by Region (2026-2032)13.3 Karnataka13.4 Maharashtra13.5 Delhi NCR13.6 Haryana13.7 Tamil Nadu13.8 Telangana13.9 Gujarat13.10 Others
14. Company Profiles
14.1 Bajaj Auto
14.1.1 Company details14.1.2 Financial outlook14.1.3 Product summary14.1.4 Recent developments
14.2 Hero
14.2.1 Company details14.2.2 Financial outlook14.2.3 Product summary14.2.4 Recent developments
14.3 Honda
14.3.1 Company details14.3.2 Financial outlook14.3.3 Product summary14.3.4 Recent developments
14.4 Okinawa
14.4.1 Company details14.4.2 Financial outlook14.4.3 Product summary14.4.4 Recent developments
14.5 Pure EV
14.5.1 Company details14.5.2 Financial outlook14.5.3 Product summary14.5.4 Recent developments
14.6 Suzuki
14.6.1 Company details14.6.2 Financial outlook14.6.3 Product summary14.6.4 Recent developments
14.7 TVS
14.7.1 Company details14.7.2 Financial outlook14.7.3 Product summary14.7.4 Recent developments
15. List of Abbreviations
16. Reference Links
17. Conclusion
18. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
India Two Wheeler Aftermarket Service Market is projected to reach USD XX billion by 2032, growing at a CAGR of XX% during the forecast period.
India Two Wheeler Aftermarket Service Market grew in market size from 2021. The Market is expected to reach USD XX billion by 2032, at a CAGR of XX% during the forecast period.
India Two Wheeler Aftermarket Service Market CAGR of XX% during the forecast period.
You can get the sample pages by clicking the link - Click Here
India Two Wheeler Aftermarket Service Market size is USD XX billion from 2022 to 2032.
India Two Wheeler Aftermarket Service Market Segment is Covered By Type of Vehicle, By Age of Two-Wheeler, By Type of Workshop, By Service Split, By Booking Mode, By Expenditure Category.
The Asia-Pacific region is anticipated to have the highest market share in the India Two Wheeler Aftermarket Service Market.
The key players in the market include Companies Covered Bajaj Auto, Hero, Honda, Okinawa, Pure EV, Suzuki, TVS.
The aftermarket service industry is also growing due to the increasing demand for customized bikes and scooters. Many customers prefer to add new features and accessories to their two-wheelers, which can be done through aftermarket service providers.
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