South America Two Wheeler Market Top Players, Size, Demand and Forecast Report 2021 | TechSci Research
According to TechSci Research report, “ South America Two-Wheeler Market By Type, By Country Competition Forecast & Opportunities, 2011 – 2021 ”, two-wheeler market in South America is forecast to cross $7 billion by 2021. Brazil, Colombia and Argentina are the largest two-wheeler markets in the entire region. Growing population in South America is one of the major factor propelling demand for two-wheelers in the region. As per World Bank, population base countries such as Brazil, Colombia and Argentina expanded at a CAGR of about 0.90%, 0.97% and 1.04%, respectively during 2011-2015. Moreover, GNI per capita of Paraguay, Ecuador, Peru and Colombia exhibited a CAGR of 6.48%, 5.32%, 5.87% and 3.68%, respectively during 2011-2015, as per the World Bank. Thus, expanding population base and rising per capita income are the major indicators that are anticipated to propel demand for two-wheelers in South America during the forecast period. Browse 26 market data Tables ...