The ASEAN 2-Wheeler Rental Market Report Forecast 2021 – 2025 offers a clear understanding of the subject matter. The report has been gathered using principal and subordinate research methodologies. Both these methods are directed towards cooperating accurate and meticulous data concerning the market dynamics, historical events, and the current market landscape. Additionally, the report also includes a SWOT analysis that concludes the strengths, weaknesses, opportunities, and threats impacting the segments of the overall market. The report also takes into account the impact of the COVID-19 and also forecasts its recovery post-COVID-19.
The ASEAN 2-wheeler Rental Market is anticipated to register a CAGR of about 4.8% during the forecast period (2020 – 2025).
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Top Key Players in the ASEAN 2-Wheeler Rental Market: Honda, Yamaha, Suzuki, Kawasaki, Piaggio, Triumph, and BMW
Key Market Trends
Technological Advancements and Traffic Congestion Are Driving the Growth For 2-Wheeler Rental Market
ASEAN cities have jam-packed roads. With the increasing number of vehicles, the existing infrastructure is unable to meet needs in every town and lanes. Traffic congestion inhibits the productivity of people with a lot of time lost waiting. As a result of the ASEAN governments, today are promoting the sales for 2-wheeler as they occupy lesser space resulting in more minor traffic jams.
In the rental segment, despite recent growth for taxi players such as Uber and Lift, significant cities are now switching towards 2-wheeler’s ride-hailing apps as well, basically to counter the growing traffic congestions and environmental problems.
Electric 2-wheeler is environmentally friendly, running majorly on Li-ion chargeable battery. It can offer a maximum range of 99.4 miles (160 km) in one single charge. With options of battery typing 8, 12, or 18-amp hour batteries, it also provides choice for the customer as per their utility.
Indonesia Is the Largest 2-Wheeler Rental Market
The Indonesian 2-wheeler industry is the World’s third-largest. Over 20 years, 2-Wheelers is the primary form of the private transport sector for people with an estimation of being six times bigger than the personal car industry itself.
In 2019, Indonesia was also the largest country in the ASEAN region, with reported sales of over 6.5 million increasing at 1.3% from 2018. Honda gained 73% of its market share in 2019, leading the Indonesian two-wheeler market, followed by Yamaha at 21%.
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This ASEAN 2-Wheeler Rental Market report addresses:
– The Market size from 2015-2020
– Expected market growth until 2025
– Forecast of how market drivers, restraints, and future opportunities will affect
– Segment and regions that will drive or lead market growth and why
– Comprehensive mapping of the competitive landscape
– In-depth analysis of key sustainability strategies adopted by market place
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– The market estimate (ME) sheet in Excel format
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Covid-19 Impact Analysis:
All the reports that we list have been tracking the impact of COVID-19 on the market. Both upstream and downstream of the entire supply chain have been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check with the sales team.
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