The Latin America two-wheeler components market size is expected to exhibit a growth rate (CAGR) of 2.79% during 2024-2032.
Report Attribute
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Key Statistics
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Base Year
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2023
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Forecast Years
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2024-2032
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Historical Years
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2018-2023
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Market Growth Rate (2024-2032) | 2.79% |
Two-wheeler components refer to automotive parts that are mainly installed in scooters, motorcycles, and mopeds. They are primarily manufactured by using steel, aluminum, carbon fiber, titanium, polymers, etc. Some of the common two-wheeler components include filters, drivetrain, engine, exhaust components, fuel injection systems, ignition systems, tires, brakes, suspension systems, etc. These components are widely adopted for providing enhanced vehicle performance, better fuel efficiency, compact design, etc. In Latin America, the rising adoption of two-wheelers for their lower cost, fuel efficiency and easy maneuvering through congested roads is propelling the market for two-wheeler components.
The emerging trend of personal vehicle ownership, particularly among the millennial population, is currently driving the demand for two-wheelers in the region. Furthermore, the growing number of women commuters in Latin America is also augmenting the market growth. Several regional manufacturers are introducing specialized vehicles with compact and lightweight components to cater to the preferences of the women population, thereby bolstering the market. Apart from this, the rising sales of secondhand two-wheelers are also catalyzing the demand for automotive components in repair and refurbishment activities. Moreover, the increasing penetration of various international two-wheeler OEMs in the region has led to the launch of advanced and highly-powered components for two-wheelers. Besides this, the growing environmental concerns towards rising vehicular pollution levels have led to a gradual shift from fuel-based two-wheelers towards their electric alternatives. This has led to the emergence of hybrid and battery-based automotive components for reducing carbon emissions and enhancing vehicular performance of two-wheelers.
IMARC Group provides an analysis of the key trends in each segment of the Latin America two-wheeler components market report, along with forecasts at the regional and country levels from 2024-2032. Our report has categorized the market based on components, vehicle type, engine capacity and distribution channel.
Breakup by Components:
Breakup by Vehicle Type:
Breakup by Engine Capacity:
Breakup by Distribution Channel:
Breakup by Country:
The competitive landscape of the industry has also been examined with some of the key players being Bajaj Auto Limited, Fras Le. Brazil, Harley-Davidson Inc, Hella KGaA Hueck & Co (HELLA GmbH & Co. KGaA), KYB Corporation, Robert Bosch (Robert Bosch Stiftung Gmbh), Tenneco Inc, TVS Motor Company (Sundaram- Clayton Limited), Yamaha Motor Co. Ltd. and ZF Friedrichshafen AG.
Report Features | Details |
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Base Year of the Analysis | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Units | US$ Billion |
Segment Coverage | Components, Vehicle Type, Engine Capacity, Distribution Channel, Country |
Countries Covered | Brazil, Mexico, Argentina, Colombia, Chile, Peru, Others |
Companies Covered | Bajaj Auto Limited, Fras Le. Brazil, Harley-Davidson Inc, Hella KGaA Hueck & Co (HELLA GmbH & Co. KGaA), KYB Corporation, Robert Bosch (Robert Bosch Stiftung Gmbh), Tenneco Inc, TVS Motor Company (Sundaram- Clayton Limited), Yamaha Motor Co. Ltd. and ZF Friedrichshafen AG |
Customization Scope | 10% Free Customization |
Report Price and Purchase Option | Single User License: US$ 3699 Five User License: US$ 4699 Corporate License: US$ 5699 |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |