Malaysia Two Wheeler (Motorcycle, Scooter & Mopeds) Market, Forecast & Opportunities, 2021-2026 - ResearchAndMarkets.com
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Thursday, February 11, 2021
The Malaysian Two Wheeler Market was valued USD 0.81 Billion in 2019 and is forecast to grow at CAGR of 8.96% until 2025, to reach USD 1.07 Billion by 2025.
Key Points:
- The Malaysian Two Wheeler Market was valued USD 0.81 Billion in 2019 and is forecast to grow at CAGR of 8.96% until 2025, to reach USD 1.07 Billion by 2025.
- Anticipated growth in the market can be attributed to increasing penetration of motorcycles as compared to four-wheelers in the country.
- Government initiatives such as tax incentives and favourable regulations will play a key role in the adoption of electric two-wheelers in the coming years.
- Major companies operating in the two wheeler market of Malaysia are Boon Siew Honda Sdn Bhd, Suzuki Malaysia Sdn Bhd, Hong Leong Yamaha Motor, TVS Motor Company, Kawasaki Motors (Malaysia) Sdn Bhd, Sanyang Motor Co., KTM Malaysia, Motosikal dan Enjin Nasional Sdn Bhd, Harley Davidson Petaling Jaya and Eclimo Sdn Bhd.