Colombia Two-Wheeler Market report thoroughly covers the market by product types and regions. The report provides an unbiased and detailed analysis of the ongoing market trends, opportunities, high growth areas, market drivers, and market share by Brands, which would help stakeholders to device and align market strategies according to the current and future market dynamics.
Colombia Two-wheeler Market Synopsis
Two Wheeler Market in Colombia witnessed significant growth owing to improvement in lifestyle, rise in the purchasing power of the middle class, and preference for fast and efficient means of transport for commuting to workplaces. Additionally, the two-wheelers market size increased in 2018-19 due to a rise in demand for electric two-wheelers owing to government efforts to promote e-vehicles such as the Electric Mobility Law, passed in 2018 which reduced the tax rate on e-vehicles to 1%, and the National Strategy for Electric Mobility launched in 2019 aimed at reducing vehicle emissions.
According to 6Wresearch, Colombia Two Wheeler Market size is projected to grow at CAGR of 7.0% during 2021-2027. The rising working population and increasing use of two-wheelers in the police force, delivery and taxi service, and growing popularity of two-wheelers among the youth, especially motorcycles and automatic scooters would fuel the demand for a two-wheeler in the country in coming years. Additionally, government initiatives like bilateral growth initiative between the Colombian government and US International Finance Corporation to strengthen economic development and Fourth Generation (4G) road infrastructure program 2014-2024, would contribute to the increase in demand for a two-wheeler in the country in the forthcoming years.
Key Highlights of the Report
- Colombia Two-Wheeler Market Overview
- Colombia Two-Wheeler Market Outlook
- Colombia Two-Wheeler Market Forecast
- Historical data and Forecast of Colombia Two-Wheeler Market Revenues and Volume, for the Period, 2017-2027F.
- Historical data and Forecast of Revenues and Volume, By Product Types, for the Period, 2017-2027F
- Historical data and Forecast of Revenues and Volume, By Regions, for the Period, 2017-2027F
- Market Drivers and Restraints
About Us-
6Wresearch is the premier, one stop market intelligence and advisory center, known for its best in class business research and consulting activity. We provide industry research reports and consulting service across different industries and geographies which provide industry players an in-depth coverage and help them in decision making before investing or enter into a particular geography.
Contact Us: Phone: +911143024305 | Email Id: sales@6wresearch.com
