PRN: South America $7 Billion Two-Wheeler Market Competition Forecast & Opportunities Report 2017 - Research and Markets
South America $7 Billion Two-Wheeler Market Competition Forecast & Opportunities Report 2017 - Research and Markets
DUBLIN, Mar 17, 2017 /PRNewswire/ --
Research and Markets has announced the addition of the "South America Two-Wheeler Market By Type (Motorcycle and Scooter), By Country (Brazil, Colombia, Argentina, Peru, Ecuador, Chile, Venezuela, Paraguay, Bolivia, Suriname and Rest of South America), Competition Forecast & Opportunities, 2011-2021" report to their offering.
Two-wheeler market in South America is projected to cross USD7 billion by 2021.
Two-wheeler market in South America has been segmented on the basis of type into motorcycles and scooters, out of which motorcycle two-wheeler type dominated South America two-wheeler market during 2011-2015, and the same trend is anticipated to continue through 2021. Leading two-wheeler markets in South America include Brazil, Colombia and Argentina.
Two-wheelers can be segmented on the basis of type into motorcycles and scooters. Motorcycles are two-wheelers with engine mounted in middle and fuel tank above it. Whereas, scooters are two-wheelers with engine located in between the rider and the rear. Demand for two-wheelers in South America region declined at a significant pace during 2011-2015, owing to economic slowdown witnessed in most of the countries in this region.
Two-wheeler market in Brazil, Argentina and Colombia were also impacted by the political instability witnessed in these countries over the past few years. Moreover, economy of Venezuela has been in a state of recession since 2009, which significantly impacted the two-wheeler market in the country. However, economic crises in most of the countries in South America is anticipated to fade away in the coming years, which would significantly boost demand for two-wheelers in the region during the forecast period. Furthermore, rapid urbanization and lack of proper public transport infrastructure are other major factors anticipated to boost growth in South America two-wheeler market during 2016-2021.
In 2015, these countries cumulatively garnered a volume share of more than 75% in South America two-wheeler market.
Major companies operating in two-wheeler market in South America are
Key Topics Covered:
1. Product Overview
Laura Wood, Senior Manager