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Rising Sales through Online Channel and Potential Entry of OEMs in Online Marketplace to Foster Growth in Online Used Two Wheelers Sales in India: Ken Research
Ken Research announced its latest publication on “India Used Two Wheeler Market Outlook to 2020” which provides a comprehensive analysis of the pre-owned motorcycles and scooters sold in India.
*** Future of India Used Two Wheeler Market is expected to be led by online classifieds and marketplaces
*** The market is anticipated to witness the entry of number of players focusing largely on quality of the two wheelers and offering value added services
Ken Research announced its latest publication on “India Used Two Wheeler Market Outlook to 2020” which provides a comprehensive analysis of the pre-owned motorcycles and scooters sold in India. The report covers various aspects such as market size of India Used Two Wheeler market, segmentation on the basis of market structure, stock piece & customized vehicle, distribution channel, source of manufacturing, type of two-wheeler, engine capacity, average ownership period, manufacturer, body type, certification and financed & non financed vehicles. This report also offers prevalent trends and developments in industry, government regulations, SWOT analysis and challenges in the industry.
The report also covers the competitive landscape of the industry, in which the information related to the players operating in this industry has been comprehensively presented. It also includes information on the pre-requisites to enter the market along with the major macroeconomic indicators affecting the market. Moreover, the report also offers information regarding the business models operating in the market. The report is useful for online classifieds platforms, two-wheeler manufacturers, dealers of used two-wheelers, and new players venturing in the used two wheeler market.
The used two-wheeler market in India has witnessed unparalleled growth over the period 2010-2015. The market has witnessed an unprecedented CAGR of ~% during the period 2010-2015 in terms of revenue. The growth of this sector has been majorly driven by rising aspirations of Indian consumers, frequent launches of two-wheelers and availability of easy financing options which have led to a greater supply of pre-owned vehicles in the market. Additionally, the reduction in the ownership period of two-wheelers has also been an important factor that has driven the used two wheeler sales in the country.
According to the research report, the India Used Two Wheeler Market will record revenue of over INR 7 billion by 2020, growing at a CAGR of ~% during the forecast period 2016-2020 due to more players entering the market and rising number of buyers congregating the used two wheeler market seeking great deals as it is an excellent buying decision for an individual.
“While the two-wheeler dealers will utilize the current economic situation to provide value services and excellent second hand vehicles to improve their individual sales, they will face tough competition from the online classifieds and will be seen associating with the online players to reach out to greater audiences. Further, it is important for new entrants to make buyers and sellers aware of their existence as well as to beat competition by increasing their brand recall.”, according to the Research Analyst, Ken Research.