South Africa Two-Wheeler Market Size
| Icons | Lable | Value |
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Study Period | 2017 - 2030 |
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Market Size (2024) | USD 93.06 Million |
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Market Size (2030) | USD 261.3 Million |
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Largest Share by Propulsion Type | ICE |
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CAGR (2024 - 2030) | 18.77 % |
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Fastest Growing by Propulsion Type | Hybrid and Electric Vehicles |
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Market Concentration | Medium |
Major Players |
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*Disclaimer: Major Players sorted in alphabetical order. |
South Africa Two-Wheeler Market Analysis
The South Africa Two-Wheeler Market size is estimated at 93.06 million USD in 2024, and is expected to reach 261.3 million USD by 2030, growing at a CAGR of 18.77% during the forecast period (2024-2030).
93.06 Million
Market Size in 2024 (USD)
261.3 Million
Market Size in 2030 (USD)
8.78 %
CAGR (2017-2023)
18.77 %
CAGR (2024-2030)
Largest Segment by Propulsion Type
79.17 %
value share, ICE, 2023
ICE two-wheelers lead due to their affordability, widespread availability, and established infrastructure, making them a popular choice in South Africa.
Fastest-growing Segment by Propulsion Type
40.61 %
Projected CAGR, Hybrid and Electric Vehicles, 2024-2030
Electric two-wheelers are growing rapidly due to increasing government incentives, rising fuel prices, and growing consumer awareness of sustainable transportation options.
Leading Market Player
13.20 %
market share, BMW Motorrad, 2023
BMW Motorrad dominates the market with its range of high-performance motorcycles, strong brand loyalty, and focus on providing premium two-wheeler solutions to South African consumers.
Second leading Market Player
11.40 %
market share, Honda Motor Co. Ltd., 2023
Honda Motor Co. Ltd holds the second spot in South Africa's two-wheeler market due to its reliable product quality and widespread dealer network.
Third Leading Market Player
7.90 %
market share, KTM Motorcycles, 2023
KTM Motorcycles is a major player due to its innovative and high-quality motorcycles, strong presence in the adventure and sports segments, and growing popularity among South African riders.
The South African two-wheeler market predicts consistent growth from 2024 to 2030, playing a key role in urban mobility solutions
- In 2023, the South African two-wheeler market observed growth, with sales reaching 15,620 units, up from 15,120 units in 2022. This increase signifies a steady interest in two-wheelers within the country, driven by their affordability, flexibility in navigating traffic, and rising fuel costs, which make two-wheelers an attractive alternative for personal mobility. The gradual growth in the South African two-wheeler market is reflective of broader trends in personal mobility, where consumers are increasingly looking for cost-effective, efficient, and environment-friendly alternatives to cars.
- While the market for electric two-wheelers in South Africa is still nascent, the global shift toward electrification is starting to shape consumer preferences and market dynamics. As infrastructure improves and environmental concerns gain traction, the potential for significant growth in the electric two-wheeler segment becomes evident.
- From 2024 to 2030, the South African two-wheeler market is expected to witness consistent growth, with sales estimated to reach 22,740 units by 2030. This upward trajectory underscores the growing acceptance of two-wheelers as a primary mode of transport, propelled by urbanization, economic factors, and an increasing recognition of their cost-effectiveness and convenience. As South Africa continues to enhance its transportation infrastructure and policies, especially in the electric segment, the two-wheeler market stands to benefit, presenting avenues for further expansion and the adoption of sustainable mobility solutions.
Understand The Key Trends Shaping This Market
South Africa Two-Wheeler Market Trends
South Africa is experiencing a steady rise in vehicle electrification across all segments, with future forecasts suggesting significant growth by 2030, emphasizing the nation's dedication to sustainable mobility, carbon emission reduction, and alignment with global electrification trends
- The automotive sector in South Africa is witnessing a notable push toward electrification. In the passenger cars segment, the electrification rate stood at 2% in 2022 and 4% in 2023. Light commercial vehicles' (LCVs) electrification percentage rose from 0.20% in 2022 to 1.09% in 2023. The medium and heavy-duty truck (M&HDT) category, though slower to adopt, initiated its foray into electrification in 2023, starting at a 0.10% rate. Buses, a vital component of public transportation, are transitioning as well, with their electrification rate forecasted to climb from 0.50% in 2022 to 1.96% in 2023.
- From 2017 to 2022, South Africa showcased a growing commitment to greener transportation. The electrification rate for passenger cars surged from 2% in 2017 to 5% by 2022. LCVs witnessed a similar trend, with their electrification rate expanding from 0.20% in 2017 to nearly 2% in 2022. While the M&HDT category remained largely untouched by electrification until 2022, it did exhibit a nascent interest, starting at a 0.10% rate. In contrast, the two-wheeler segment, known for its affordability, saw a significant jump in electrification, from 1.50% in 2017 to 7.81% in 2022.
- From 2024 to 2030, South Africa is poised for a steady surge in vehicle electrification across all segments. Projections indicate that by 2030, electrified passenger cars will make up 12% of the market. LCVs are expected to hit a 6% electrification rate, while the M&HDT segment is expected to expand its electric fleet, reaching 4% by 2030. Buses, crucial for sustainable urban mobility, are anticipated to achieve a 10% electrification rate by 2030. The two-wheeler segment, prized for its efficiency and affordability, is forecasted to make a significant leap, reaching a 22% electrification rate by 2030.
Understand The Key Trends Shaping This Market
OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- South Africa's population growth, driven by factors like improved healthcare and economic conditions, is expected to continue steadily, reaching 68.34 million by 2030
- After significant fluctuations from 2017-2022, CVP in South Africa is projected to steadily rise from 2024-2030, driven by technological advancements, financing options, and a growing middle class.
- South Africa's auto interest rates experienced fluctuations, influenced by economic policies and global conditions, with a notable increase in 2022
- Downward trend in pack prices and promising future prospects
- Average Brent crude oil price increased from USD 79.75 to USD 84.78 in September 2023 due to tightening supply resulting from production cuts by Saudi Arabia
- GDP per capita on a steady growth trajectory, reaching USD 7,235.46 by 2030, driven by economic reforms and improved business conditions.
- Harnessing stability in inflation is pivotal for South Africa's prosperous economic future
- The South African EV charging station market is set to expand in line with sustainability goals
- South Africa's EV market is on the cusp of expansion with key investments and new model introductions setting the stage for a greener automotive landscape.
South Africa Two-Wheeler Industry Overview
The South Africa Two-Wheeler Market is moderately consolidated, with the top five companies occupying 43.50%. The major players in this market are BMW Motorrad, Harley-Davidson, Honda Motor Co. Ltd., KTM Motorcycles and Yamaha Motor Company Limited (sorted alphabetically).
South Africa Two-Wheeler Market Leaders
BMW Motorrad
Harley-Davidson
Honda Motor Co. Ltd.
KTM Motorcycles
Yamaha Motor Company Limited
Other important companies include Bajaj Auto Ltd., Kawasaki Heavy Industries Ltd., Royal Enfield, Suzuki Motor Corporation, Triumph Motorcycles Ltd.
*Disclaimer: Major Players sorted in alphabetical order.
Need More Details on Market Players and Competitors?
South Africa Two-Wheeler Market News
- September 2023: KTM India launched the two all-new, single-cylinder Duke 390 and 250 motorcycles priced at INR 310,520 and INR 239,000 respectively.
- July 2023: Harley-Davidson spinoff LiveWire Unveils Its Second Motorcycle – and It Can Hit 103 MPH.
- July 2023: Hero Motocorp and Harley-Davidson launched their co-developed premium motorcycle – the Harley-Davidson X440 in India from a starting price of INR 229 thousand and going to INR 269 thousand.
Free with this Report
For the Vehicle Hub report, we provide an extensive collection of over 150 free charts, delivering detailed insights on regional and country-level dynamics within the vehicle industry. This encompasses in-depth analyses of vehicle registrations, usage patterns in both consumer and business segments, and evaluations of various vehicle configurations and body types. The report delves into critical industrial trends such as shifts in vehicle production and distribution centers, changes in vehicle ownership costs, and advancements in automotive technologies. Further, our report offers comprehensive market segmentation by vehicle type, body type, propulsion, and fuel categories, providing a nuanced understanding of the market landscape. It also explores the adoption rate of new technologies, the impact of regulatory changes, and the influence of economic factors on the vehicle market. We include a thorough examination of key industry players, regulatory frameworks, and market size in terms of both revenue and unit sales, leading to strategic projections and forecasts that account for emerging trends and potential shifts in the industry.
South Africa Two-Wheeler Market Report - Table of Contents
EXECUTIVE SUMMARY & KEY FINDINGS
REPORT OFFERS
1. INTRODUCTION
1.1. Study Assumptions & Market Definition
1.2. Scope of the Study
1.3. Research Methodology
2. KEY INDUSTRY TRENDS
2.1. Population
2.2. GDP Per Capita
2.3. Consumer Spending For Vehicle Purchase (cvp)
2.4. Inflation
2.5. Interest Rate For Auto Loans
2.6. Impact Of Electrification
2.7. EV Charging Station
2.8. Battery Pack Price
2.9. New Xev Models Announced
2.10. Fuel Price
2.11. Regulatory Framework
2.12. Value Chain & Distribution Channel Analysis
3. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2030 and analysis of growth prospects)
3.1. Propulsion Type
3.1.1. Hybrid and Electric Vehicles
3.1.2. ICE
3.2. Country
3.2.1. South Africa
4. COMPETITIVE LANDSCAPE
4.1. Key Strategic Moves
4.2. Market Share Analysis
4.3. Company Landscape
4.4. Company Profiles
4.4.1. Bajaj Auto Ltd.
4.4.2. BMW Motorrad
4.4.3. Harley-Davidson
4.4.4. Honda Motor Co. Ltd.
4.4.5. Kawasaki Heavy Industries Ltd.
4.4.6. KTM Motorcycles
4.4.7. Royal Enfield
4.4.8. Suzuki Motor Corporation
4.4.9. Triumph Motorcycles Ltd
4.4.10. Yamaha Motor Company Limited
5. KEY STRATEGIC QUESTIONS FOR VEHICLES CEOS
6. APPENDIX
6.1. Global Overview
6.1.1. Overview
6.1.2. Porter’s Five Forces Framework
6.1.3. Global Value Chain Analysis
6.1.4. Market Dynamics (DROs)
6.2. Sources & References
6.3. List of Tables & Figures
6.4. Primary Insights
6.5. Data Pack
6.6. Glossary of Terms
List of Tables & Figures
- Figure 1:
- POPULATION TRENDS, VOLUME IN UNITS, SOUTH AFRICA, 2017 - 2030
- Figure 2:
- GDP PER CAPITA AT CURRENT PRICES, VALUE IN USD, SOUTH AFRICA, 2017 - 2030
- Figure 3:
- AVERAGE CONSUMER SPENDING PER CAPITA ON PURCHASE OF VEHICLES, VALUE IN USD, SOUTH AFRICA, 2017 - 2030
- Figure 4:
- INFLATION RATE AT AVERAGE CONSUMER PRICES, PERCENTAGE CHANGE, SOUTH AFRICA, 2017 - 2030
- Figure 5:
- AUTO LOAN INTEREST RATES, PERCENTAGE, SOUTH AFRICA, 2017 - 2022
- Figure 6:
- ELECTRIC VEHICLE MARKET PENETRATION RATE, BY VEHICLE TYPE, PERCENTAGE OF VOLUME, SOUTH AFRICA, 2017 - 2030
- Figure 7:
- CHARGING STATION DEPLOYMENT, BY TYPE, VOLUME IN UNITS, SOUTH AFRICA, 2017 - 2022
- Figure 8:
- AVERAGE LITHIUM-ION BATTERY PACK PRICE, VALUE IN USD, SOUTH AFRICA, 2017 - 2030
- Figure 9:
- ANNOUNCEMENT OF NEW XEV MODELS, BY VEHICLE TYPE, VOLUME IN UNITS, SOUTH AFRICA, 2023 - 2027
- Figure 10:
- FUEL PRICE, BY FUEL TYPE, USD/LITER, SOUTH AFRICA, 2017 - 2022
- Figure 11:
- SOUTH AFRICA TWO-WHEELER MARKET, VOLUME IN UNITS, 2017 - 2030
- Figure 12:
- SOUTH AFRICA TWO-WHEELER MARKET, VALUE IN USD, 2017 - 2030
- Figure 13:
- SOUTH AFRICA TWO-WHEELER MARKET, BY PROPULSION TYPE, BY VOLUME IN UNITS, 2017 - 2030
- Figure 14:
- SOUTH AFRICA TWO-WHEELER MARKET, BY PROPULSION TYPE, BY VALUE IN USD, 2017 - 2030
- Figure 15:
- SOUTH AFRICA TWO-WHEELER MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
- Figure 16:
- SOUTH AFRICA TWO-WHEELER MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
- Figure 17:
- SOUTH AFRICA TWO-WHEELER MARKET, BY HYBRID AND ELECTRIC VEHICLES, BY VOLUME IN UNITS, 2017 - 2030
- Figure 18:
- SOUTH AFRICA TWO-WHEELER MARKET, BY HYBRID AND ELECTRIC VEHICLES, BY VALUE IN USD, 2017 - 2030
- Figure 19:
- SOUTH AFRICA TWO-WHEELER MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
- Figure 20:
- SOUTH AFRICA TWO-WHEELER MARKET, BY ICE, BY VOLUME IN UNITS, 2017 - 2030
- Figure 21:
- SOUTH AFRICA TWO-WHEELER MARKET, BY ICE, BY VALUE IN USD, 2017 - 2030
- Figure 22:
- SOUTH AFRICA TWO-WHEELER MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
- Figure 23:
- SOUTH AFRICA TWO-WHEELER MARKET, BY SOUTH AFRICA, BY VOLUME IN UNITS, 2017 - 2030
- Figure 24:
- SOUTH AFRICA TWO-WHEELER MARKET, BY SOUTH AFRICA, BY VALUE IN USD, 2017 - 2030
- Figure 25:
- SOUTH AFRICA TWO-WHEELER MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
- Figure 26:
- SOUTH AFRICA TWO-WHEELER MARKET, MOST ACTIVE COMPANIES, BY NUMBER OF STRATEGIC MOVES, 2017 - 2030
- Figure 27:
- SOUTH AFRICA TWO-WHEELER MARKET, MOST ADOPTED STRATEGIES, 2017 - 2030
- Figure 28:
- SOUTH AFRICA TWO-WHEELER MARKET SHARE(%), BY MAJOR PLAYERS, 2021
South Africa Two-Wheeler Industry Segmentation
Hybrid and Electric Vehicles, ICE are covered as segments by Propulsion Type. South Africa are covered as segments by Country.
- In 2023, the South African two-wheeler market observed growth, with sales reaching 15,620 units, up from 15,120 units in 2022. This increase signifies a steady interest in two-wheelers within the country, driven by their affordability, flexibility in navigating traffic, and rising fuel costs, which make two-wheelers an attractive alternative for personal mobility. The gradual growth in the South African two-wheeler market is reflective of broader trends in personal mobility, where consumers are increasingly looking for cost-effective, efficient, and environment-friendly alternatives to cars.
- While the market for electric two-wheelers in South Africa is still nascent, the global shift toward electrification is starting to shape consumer preferences and market dynamics. As infrastructure improves and environmental concerns gain traction, the potential for significant growth in the electric two-wheeler segment becomes evident.
- From 2024 to 2030, the South African two-wheeler market is expected to witness consistent growth, with sales estimated to reach 22,740 units by 2030. This upward trajectory underscores the growing acceptance of two-wheelers as a primary mode of transport, propelled by urbanization, economic factors, and an increasing recognition of their cost-effectiveness and convenience. As South Africa continues to enhance its transportation infrastructure and policies, especially in the electric segment, the two-wheeler market stands to benefit, presenting avenues for further expansion and the adoption of sustainable mobility solutions.
| Propulsion Type | |
| Hybrid and Electric Vehicles | |
| ICE |
| Country | |
| South Africa |
Need A Different Region Or Segment?
Market Definition
- Vehicle Type - The category covers motorized two-wheelers.
- Vehicle Body Type - This includes Scooters and Motorcycles, while Kick-scooters and Bicycles are excluded.
- Fuel Category - Coverage extends to vehicles powered by Internal Combustion Engines (ICE) and electric propulsion systems.
| Keyword | Definition |
|---|---|
| Electric Vehicle (EV) | A vehicle which uses one or more electric motors for propulsion. Includes cars, buses, and trucks. This term includes all-electric vehicles or battery electric vehicles and plug-in hybrid electric vehicles. |
| BEV | A BEV relies completely on a battery and a motor for propulsion. The battery in the vehicle must be charged by plugging it into an outlet or public charging station. BEVs do not have an ICE and hence are pollution-free. They have a low cost of operation and reduced engine noise as compared to conventional fuel engines. However, they have a shorter range and higher prices than their equivalent gasoline models. |
| PEV | A plug-in electric vehicle is an electric vehicle that can be externally charged and generally includes all-electric vehicles as well as plug-in hybrids. |
| Plug-in Hybrid EV | A vehicle that can be powered either by an ICE or an electric motor. In contrast to normal hybrid EVs, they can be charged externally. |
| Internal combustion engine | An engine in which the burning of fuels occurs in a confined space called a combustion chamber. Usually run with gasoline/petrol or diesel. |
| Hybrid EV | A vehicle powered by an ICE in combination with one or more electric motors that use energy stored in batteries. These are continually recharged with power from the ICE and regenerative braking. |
| Commercial Vehicles | Commercial vehicles are motorized road vehicles designed for transporting people or goods. The category includes light commercial vehicles (LCVs) and medium and heavy-duty vehicles (M&HCV). |
| Passenger Vehicles | Passenger cars are electric motor– or engine-driven vehicles with at least four wheels. These vehicles are used for the transport of passengers and comprise no more than eight seats in addition to the driver’s seat. |
| Light Commercial Vehicles | Commercial vehicles that weigh less than 6,000 lb (Class 1) and in the range of 6,001–10,000 lb (Class 2) are covered under this category. |
| M&HDT | Commercial vehicles that weigh in the range of 10,001–14,000 lb (Class 3), 14,001–16,000 lb (Class 4), 16,001–19,500 lb (Class 5), 19,501–26,000 lb (Class 6), 26,001–33,000 lb (Class 7) and above 33,001 lb (Class 8) are covered under this category. |
| Bus | A mode of transportation that typically refers to a large vehicle designed to carry passengers over long distances. This includes transit bus, school bus, shuttle bus, and trolleybuses. |
| Diesel | It includes vehicles that use diesel as their primary fuel. A diesel engine vehicle have a compression-ignited injection system rather than the spark-ignited system used by most gasoline vehicles. In such vehicles, fuel is injected into the combustion chamber and ignited by the high temperature achieved when gas is greatly compressed. |
| Gasoline | It includes vehicles that use gas/petrol as their primary fuel. A gasoline car typically uses a spark-ignited internal combustion engine. In such vehicles, fuel is injected into either the intake manifold or the combustion chamber, where it is combined with air, and the air/fuel mixture is ignited by the spark from a spark plug. |
| LPG | It includes vehicles that use LPG as their primary fuel. Both dedicated and bi-fuel LPG vehicles are considered under the scope of the study. |
| CNG | It includes vehicles that use CNG as their primary fuel. These are vehicles that operate like gasoline-powered vehicles with spark-ignited internal combustion engines. |
| HEV | All the electric vehicles that use batteries and an internal combustion engine (ICE) as their primary source for propulsion are considered under this category. HEVs generally use a diesel-electric powertrain and are also known as hybrid diesel-electric vehicles. An HEV converts the vehicle momentum (kinetic energy) into electricity that recharges the battery when the vehicle slows down or stops. The battery of HEV cannot be charged using plug-in devices. |
| PHEV | PHEVs are powered by a battery as well as an ICE. The battery can be charged through either regenerative breaking using the ICE or by plugging into some external charging source. PHEVs have a better range than BEVs but are comparatively less eco-friendly. |
| Hatchback | These are compact-sized cars with a hatch-type door provided at the rear end. |
| Sedan | These are usually two- or four-door passenger cars, with a separate area provided at the rear end for luggage. |
| SUV | Popularly known as SUVs, these cars come with four-wheel drive, and usually have high ground clearance. These cars can also be used as off-road vehicles. |
| MPV | These are multi-purpose vehicles (also called minivans) designed to carry a larger number of passengers. They carry between five and seven people and have room for luggage too. They are usually taller than the average family saloon car, to provide greater headroom and ease of access, and they are usually front-wheel drive. |
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Research Methodology
Mordor Intelligence follows a four-step methodology in all its reports.
- Step-1: Identify Key Variables: To build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built based on these variables.
- Step-2: Build a Market Model: Market-size estimations for the historical and forecast years have been provided in revenue and volume terms. Market revenue is calculated by multiplying the sales volume with their respective average selling price (ASP). While estimating ASP factors like average inflation, market demand shift, manufacturing cost, technological advancement, and varying consumer preference, among others have been taken into account.
- Step-3: Validate and Finalize: In this important step, all market numbers, variables, and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms.
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