LATIN AMERICA TWO WHEELER MARKET
The growth in the world’s population and its concentration in cities has had a variety of environmental consequences. One of the most important is the release of greenhouse gas emissions and the resulting influence on the climate system caused by transportation.
With 80 percent of its people living in cities and 15 percent of Greenhouse Gas emissions originating from the transportation sector, Latin America and the Caribbean must shift to more efficient, but also clean, transportation.
This would also enable it to address the health issues linked with air pollution, which now takes the lives of 300,000 people living in the area each year.
Street bikes, sometimes known as ordinary motorcycles, are by far the most popular form of motorbike in India and Africa.
They are favoured by beginning riders not only because they are inexpensive and provide great mileage, but also because they are readily fixed and the harm inflicted to bikes is limited due to the little covering of these motorbikes.
Two-wheeled vehicles are among the most popular types of transportation. Non-motorized vehicles (e.g., bicycles) and semitrucks (power two- or three-wheelers, PTW), which also include three-wheelers, are included.
Electric vehicles are becoming more popular in metropolitan areas as part of the aim to minimise exhaust emissions. ABS Connectivity at various levels is a current technology development which has been ongoing inside the two-wheeler industry.
The system’s speed sensor continually detects the speed of each wheel. During braking, the system controller assumes the recorded wheel speed differs from the system’s expected wheel speed.
LATIN AMERICA TWO WHEELER MARKET DYNAMICS
Motorcycles that’s used for utilitarian excursions has increased dramatically in Latin American cities in recent years. While motorbikes are mostly used for recreation in rich nations, they are also used for utilitarian purposes in poor countries.
Substantial rises in motorcycle ownership rates, like with other motorised vehicles, have been most noticeable in emerging nations.
Although Asia has seen the biggest development, motorbikes are becoming more common in Latin American countries. For example, whereas vehicle sales in Brazil climbed fourfold between 1992 and 2007, motorbike sales increased twelvefold over the same timeframe.
So Paulo, Brazil’s largest city, saw its motorbike fleet grow from 50,000 in 1990 to 500,000 in 2007. Motorcycle sales in Colombia grew by 38% between 2010 and 2011.
Because of shorter travel times in urban areas compared to public transportation, as well as cheaper prices and more mobility compared to automobiles, income-generating activities such as motorcycle taxi and metropolitan delivery have flourished in Brazil in recent decades.
While Silva et al. contend that the expansion of these activities has enhanced income and quality of life in Brazilian cities, Vasconcellos contends that populist politics in Brazil prioritise employment development tied to motorbikes while disregarding the social consequences of this manner.
Bike sharing systems (BSS) have shown to be a powerful ally of environmental sustainability in a variety of ways, including increasing health and well-being, enhancing mobility, promoting gender equality, conserving resources, and lowering carbon footprint.
By the end of 2019, there have been 92 Public Bike Sharing Systems in 11 Latin American countries. Brazil leads the way with 42 systems, followed by Colombia and Mexico, each with 18 and 15 systems.
LATIN AMERICA TWO WHEELER MARKET SEGMENTATION
The Latin America Two Wheeler Market can be segmented into following categories for further analysis.
By Vehicle Infrastructure Type
- Two Stroke Motorcycles
- Electric Two Wheelers
By Fuel Integration / Structure Type
By Technological Usage Type
- Sports Technology
- Enduro Type
- Chopper Type
- Classic Type
- Commuter Type
- Military Integrations Type
By Engine Capacity
- Up to 125 cc
- 126 – 250 cc
- 251 – 500 cc
- Above 500 cc
By Transmission Type
- Manual Transmission
- Automatic Transmission
- Self-Drive / Autonomous Transmission
By Regional Classification
- Costa Rica
- El Salvador
RECENT TECHNOLOGICAL TRENDS IN LATIN AMERICA TWO WHEELER MARKET
The incorporation of mopeds and gearless vehicles into the market has resulted in a rise in utilisation statistics among Latin American two-wheeler manufacturers.
There has also been a contemporary electrification directed towards the Latin American region, with the goal of pushing the production of EVs as part of global sustainability practices.
The two firms intend to work together on the sales and support of Damon-branded bikes, including Damon’s flagship Hyper Sport superbike, as well as the development and production of new Damon goods tailored to the demands of Latin American riders.
Electric cars have the advantage of reducing urban air pollution and CO2 emissions, albeit the latter is dependent on how power is generated.
Air pollution is becoming increasingly severe in Africa’s developing cities. Premature fatalities in Africa as a result of environmental pollution (aerosol particulate matter) are increasing quickly, while being lower than in China.
Auteco also intends to licence portions of Damon’s Co-pilot collision avoidance systems for use in their own Victory brand motorcycles.
The Damon Co-pilot device is the motorbike industry’s first adaptive 360-degree safety warning system. Damon’s elevated Hyper Sport has piqued the interest of Latin American motorcyclists looking for safer, more technologically sophisticated electric bikes.
While there has been a rise in technology miniaturisation to provide e bikes with lower framing flexibility. The main innovation is the frame.
There is really no other electric bike (or ordinary bike) with the same frame as this one. It houses the batteries as well as the entire electrical system.
It also has LED lights, white in the front and red in the back. Depending on the rider’s preferences, the frame may also carry a variety of extras.
LATIN AMERICA TWO WHEELER MARKET COMPETITIVE LANDSCAPE
Within the Latin America Two-Wheeler market, there has been a continual acceptance of technology and the introduction of automated control systems.
The primary parties are involved in developing new technological solutions to provide a better and safer ride for clients.
In these nations, demand for Made in India cars has increased recently, with Bajaj Auto and TVS Motors being the most renowned and favoured two-wheeler providers.
Motomel SA, a localised manufacturing firm, has made a significant contribution to the local efforts of successful manufacturing competence through national integration.
Motomel is an Argentine firm with 25 years of experience that has built its reputation on quality and continuous progress, making it the indisputable leader in the motorbike industry.
The Motomel SA’s most recent release has been the Blitz 110 Automatic version, that features a completely redesigned design with a youthful and urban style: with colourful and diverse graphics for history’s men and women.
It has an automatic transmission, a modern signal system, a two-seater double-stitched seat and non-slip material, a big helmet compartment, a complete dash, and a variety of colour options.
Dafra Motos, another Latin American-based two-wheeler company, just debuted the Horizon 150 Sports prototype two-wheeler.
The Horizon 150 has the look of the loss of balance cars in this category, with plenty of chrome and rounded lines, but it also has modern features like FH-CBS brakes, light alloy wheels, an LED flashlight, and a dashboard that combines analogue and digital displays.
LATIN AMERICA TWO WHEELER MARKET COMPANIES PROFILED
- Bajaj Auto Limited
- Honda Motor Co Ltd
- Dafra Motos – Itavema S/A
- Kawasaki Motors Manufacturing Corporation
- Lifan Industry
- Motomel SA
- Shineray Do Brasil SA
- TVS Motor Mexico
- Wanxin Group International
- Zanella Hnos and Cia SACIFI
- Zongshen Industry Group Co Ltd