Mexico Two-Wheeler Market Report, Segments, Share, Trends & Forecast 2033
According to the UnivDatos, Rising urban congestion, growth in last-mile delivery services, and increasing demand for affordable personal mobility, would drive the Mexico Two-Wheeler market. As per their “Mexico Two-Wheeler Market” report, the market was valued at USD 2,424.7 Million in 2024, growing at a CAGR of about 6.7% during the forecast period from 2025 - 2033 to reach USD Million by 2033.
The Mexican two-wheeler market consists of internal combustion engine (ICE) motorcycles, scooters, and electric pathways; 2024 has been quite overwhelming to the market, where about 1.9 million units were sold. Increasing urban traffic, inadequate capacity of the available transport systems, and the soaring need to afford yearning modes of personal transport are the driving factors in the market. The scooters and motor-bicycles are less expensive to maintain and can be navigated through traffic faster, making them ideal for inner-city commuting and delivering items. The volume segment is controlled by local manufacturers such as Italika, whereas electric variants are experiencing a market penetration with the support of government policies and awareness of environmental issues.
1. Honda
|
Founded Year |
1946 |
|
Headquarter |
Japan |
|
Number of Employees |
1,94,173 |
|
Revenue 2024 (USD) |
1,35,062.00 |
Honda Motor Co., Ltd. develops, manufactures, and distributes motorcycles, automobiles, power, and other products in Japan, North America, Europe, Asia, and internationally. It operates through four segments: Motorcycle Business, Automobile Business, Financial Services Business, and Power Product and Other Businesses. The Motorcycle Business segment produces motorcycles, including sports, business, and commuter models; and various off-road vehicles, such as all-terrain vehicles and side-by-sides. The Automobile Business segment offers passenger cars, light trucks, and mini vehicles. The Financial Services Business segment provides various financial services, including retail lending and leasing services to customers, as well as wholesale financing services to dealers. The Power Product and Other Businesses manufactures and sells power products, such as general purpose engines, lawn mowers, generators, water pumps, brush cutters, tillers, outboard marine engines, and snow throwers. This segment also offers HondaJet aircraft. The company also sells spare parts; and provides after-sale services through retail dealers directly, as well as through independent distributors and licensees. Honda Motor Co., Ltd. was founded in 1946 and is headquartered in Tokyo, Japan.
2. Bajaj Auto
|
Founded Year |
1945 |
|
Headquarter |
India |
|
Number of Employees |
6,192 |
|
Revenue 2024 (USD) |
5,540.38 |
Bajaj Auto Limited, together with its subsidiaries, engages in the development, manufacture, and distribution of automobiles in India and internationally. The company offers motorcycles, bikes, commercial vehicles, electric two-wheelers, and three-wheeler, as well as related parts. It also exports its products. The company was founded in 1945 and is based in Pune, India.
3. TVS Motor
|
Founded Year |
1992 |
|
Headquarter |
India |
|
Number of Employees |
5,980 |
|
Revenue 2024 (USD) |
4,708.44 |
TVS Motor Company Limited, together with its subsidiaries, engages in the manufacture and sale of automotive vehicles and components, spare parts, and accessories in India. It operates through four segments: Automotive Vehicles and Parts, Automotive Components, Financial Services, and Others. The company offers motorcycles under the Apache RTR, Apache RR, Radeon, Ronin, RTE, Raider, StaR City+, and Sport brand names; scooters under the Ntorq, Jupiter, Zest 110, and Scooty Pep+ brands; mopeds under the XL 100 brand name; electric vehicles under the TVS X and TVS iQUBE brands; and three wheelers under the TVS King brand name. It also provides e-mobility solutions under the Cilo, Simpel, Allegro, and Zenith-Bikes brands; and financing services for two-wheelers. The company operates in the Middle East, Africa, Southeast Asia, France, and Latin and Central America. It distributes its products through a network of authorized dealers. The company was incorporated in 1992 and is headquartered in Chennai, India. TVS Motor Company Limited operates as a subsidiary of TVS Holdings Limited.
Access sample report (including graphs, charts, and figures): https://univdatos.com/reports/mexico-two-wheeler-market?popup=report-enquiry
4. CF Moto
|
Founded Year |
1989 |
|
Headquarter |
China |
|
Number of Employees |
6,911 |
|
Revenue 2024 (USD) |
2,060.26 |
Zhejiang Cfmoto Power Co.,Ltd engages in the research and development, production, and sales of all-terrain vehicles, motorcycles and leisure sports equipment worldwide. It also offers accessories, apparel, lifestyle and gift products, and gears, as well as power generator. The company was founded in 1989 and is based in Hangzhou, China.
5. Triumph
|
Founded Year |
1993 |
|
Headquarter |
United States |
|
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