India Two-Wheeler Aftermarket Service Market Share and Size, Growth...

India Two-Wheeler Aftermarket Service Market Share and Size, Growth Drivers, Demand, Key Players, Scope, Business Challenges, Opportunities and Forecast Report Till 2032: SPER Market Research

Posted 2024-07-12 10:02:40

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The two-wheeler aftermarket service refers to the industry and activities involved in providing maintenance, repair, customization, and parts replacement for motorcycles, scooters, and other similar vehicles after their initial sale and outside of the manufacturer's authorized service network. This sector plays a crucial role in catering to the diverse needs of two-wheeler owners, offering a range of services from routine maintenance to complex repairs and upgrades. It includes independent repair shops, specialized service centers, and online platforms that provide spare parts, accessories, and aftermarket modifications. These services are essential for maintaining the performance, reliability, and safety of two-wheelers over their lifespan. The increasing sales of motorcycles and scooters globally, leading to higher demand for maintenance and repair services.

According to SPER Market Research, ‘India Two Wheeler Aftermarket Service Market Size- By Type of Vehicle, By Age of Two-Wheeler, By type of Workshop, By Service Split, By Booking Mode, By Expenditure Category- Regional Outlook, Competitive Strategies and Segment Forecast to 2032’ states that the India Two Wheeler Aftermarket Service Market is estimated to reach USD XX billion by 2032 with a CAGR of XX%.

The widespread adoption of motorcycles and scooters as primary modes of transportation across urban and rural areas creates a substantial demand for maintenance, repair, and customization services. The affordability and convenience offered by two-wheelers make them popular among commuters and enthusiasts alike, thereby driving the need for reliable aftermarket service providers. A robust network of independent repair shops, service centers, and aftermarket parts suppliers. These establishments cater to a diverse range of needs, from routine servicing to complex repairs and performance upgrades, fostering a competitive aftermarket service ecosystem. Increasing disposable incomes and changing consumer preferences towards vehicle personalization and modification contribute to the expansion of the aftermarket service market. Enthusiasts often seek aftermarket parts and accessories to enhance the aesthetics, performance, and comfort of their two-wheelers.

There is a widespread issue of counterfeit and substandard spare parts flooding the market, compromising vehicle safety and performance. Ensuring the authenticity and quality of aftermarket parts remains a significant concern for both consumers and service providers, impacting trust and reliability in the market. The fragmented nature of the aftermarket service industry, with a multitude of small and medium-sized repair shops and service centers, poses challenges in standardizing service quality and customer experience. Variability in expertise, capabilities, and service standards among providers can lead to inconsistent service delivery and customer satisfaction. Logistical challenges such as sourcing genuine parts, managing inventory, and ensuring timely delivery to remote and rural areas of India can hinder operational efficiency and service effectiveness. This is exacerbated by infrastructure limitations and transportation issues in certain regions.

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Impact of COVID-19 on the India Two Wheeler Aftermarket Service Market

The Coronavirus pandemic fundamentally affects the India two-wheeler aftermarket service industry. Here are a portion of the manners in which the pandemic has impacted the business: Disturbance of supply chains: The lockdowns and travel limitations forced in India to check the spread of Coronavirus have upset the stock chains of numerous enterprises, including the bike secondary selling administration industry. This has brought about a deficiency of extra parts and frill, which has made it hard for specialist co-ops to offer opportune and effective support.

India Two Wheeler Aftermarket Service Market Key Players:

The largest market share for India Two-Wheeler Aftermarket Service Market is held by Delhi-NCR due to major economic hub, stands out due to its large population base and extensive network of independent repair shops, service centers, and aftermarket parts suppliers. Bajaj Auto, Hero, Honda, Okinawa, Pure EV are few of the major names in the market.

India Two Wheeler Aftermarket Service Market Segmentation:

The SPER Market Research report seeks to give market dynamics, demand, and supply forecast for the years up to 2032. This report contains statistics on product type segment growth estimates and forecasts

By Type of Vehicle: Based on the Type of Vehicle, India Two Wheeler Aftermarket Service Market is segmented as: Motorcycles, Scooters.

By Age of Two-Wheeler: Based on the Age of Two-Wheeler, India Two Wheeler Aftermarket Service Market is segmented as:0-2 years, 2-4 years, 4-6 years, 6-8 years, 8 years & above.

By Type of Workshop: Based on the Type of Workshop, India Two Wheeler Aftermarket Service Market is Segmented as: Organized, Unorganized.

By Service Split: Based on the Service split, India Two Wheeler Aftermarket Service Market is Segmented as: Non-Crash Repair, Crash Repair, Body Care.

By Booking Mode: Based on the Booking Mode, India Two Wheeler Aftermarket Service Market is Segmented as: Offline, Online.

By Expenditure Category: Based on the Expenditure Category, India Two Wheeler Aftermarket Service Market is Segmented as: Service, Spare-Parts, Consumables.

By Region: This report also provide the data for key regional segments of India; Karnataka, Maharashtra, Delhi NCR, Haryana, Tamil Nadu, Telangana, Gujarat, Others.

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.

For More Information, refer to below link:-

India Two Wheeler Aftermarket Service Market Trends

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