Africa Two Wheelers Market is Expected to Reach USD 9.3 Billion by 2024

According to Goldstein Research, Africa Two Wheelers market is expected to reach USD 9.3 billion by 2024 from USD 4.6 billion in 2016, growing at a CAGR of 9.1% over the forecast period 2016-2024. Rising urbanization and decline in dependable public transport system has led to the rapid growth of non-conventional modes of public transport, which majorly drives the rapid growth of the market.

Africa Two Wheelers market segmentation has been carried out on the basis of vehicle type and by fuel type. In 2016, motorcycles accounted for the highest revenue share of more than 58% of total two-wheelers market owing to the high fuel efficiency of motorcycles and low cost as compared to costly passenger cars in Africa. Africa Two Wheelers market has the vast opportunity in Ethiopia for the growth of the market. Ethiopia is one of Africa's most impressive growth performers over the last decade averaging 10.9% growth between 2005 and 2016, with GDP of USD 63 billion in 2015. Ethiopia has the lowest motorization rate globally, with only two cars per 1000 inhabitants in 2015.
Market Segmentation

On the basis of our in-depth analysis, Africa Two Wheelers Market can be segmented as follows:

· By Vehicle Type

o Motorcycles
o Scooters
o Mopeds

· By Fuel Type

o Gasoline
o Electric

· By Region

o West Africa (Benin, Cape Verde, Ghana, Guinea, Mali, Nigeria) {Market Share (%), Market Size (USD Million), Adoption Rate (%)}
o East Africa (Burundi, Dijbouti, Ethiopia, Kenya, Madagascar, Rwanda, Tanzania, Uganda, Zambia) {Market Share (%), Market Size (USD Million), Adoption Rate (%)}
o North Africa (Algeria, Egypt, Libya, Morocco, Tunisia, Sudan) {Market Share (%), Market Size (USD Million), Adoption Rate (%)}
o South Africa (Botwana, Lesotho, Namibia, South Africa and Swaziland) {Market Share (%), Market Size (USD Million), Adoption Rate (%)}
o Central Africa (Central African Republic, Chad, Congo Republic, Angola, Cameroon) {Market Share (%), Market Size (USD Million), Adoption Rate (%)}

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“Africa Two Wheelers Market Outlook 2024” contains detailed overview of the Africa Two Wheelers market. On the basis of our in-depth analysis, market can be segmented in terms of market segmentation by vehicle type and by fuel type.

Further, for the in-depth analysis, Africa Two Wheelers Market Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such as Ducati Motor Holding S.p.A., Hero Motocorp Ltd., TVS Motor Company, Bajaj Auto Limited, Suzuki Motor Corporation, Harley-Davidson, Inc, BMW AG, Honda, Kawasaki, etc.

The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments. Overall, the report represents the Africa Two Wheelers market trends along with market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

Browse full Report @ https://www.goldsteinresearch.com/report/africa-two-wheelers-market-outlook-2024-regional-opportunity-assessment-and-demand-analysis-market-forecast-2016-2024

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