Online Used Two Wheeler Market In India Future Outlook: Ken ResearchPosted by kenresearch on March 30th, 2021 The online used two wheeler market has been emerging with the rise in the popularity of e-commerce platforms in the country. Online platforms such as Flipkart, Amazon, and Snapdeal have enabled Indian users to trust online platforms and make high-value transactions online using their debit/credit cards and net banking. The growth of online advertising, which has fuelled the rise of online classified platforms such as Droom, OLX, Quikr, and others has revolutionized the way in which pre-owned vehicles have been sold in the country. The online used two-wheeler market grew from INR ~ Crores in FY’2018 to INR ~ Crore in FY’2020. With the growth in the number of vehicles sold online, these players not only witnessed a sharp growth in marketplace revenue but also from other sources including advertisements, subscriptions, and other value-added services. Comparative Landscape In India Used Two Wheeler Market India used a two-wheelers market competition structure that was observed to be highly fragmented with the presence of a large number of local dealers, small mechanics, and individual sellers, thus making ~ % unorganized market space in the FY’2020. ~ % of the used two-wheelers market in terms of sales volume was observed to be unorganized which comprises individual sellers, local mechanics, and small dealerships. Whereas the remaining ~ % of the market constitutes the organized players such as Droom, Honda Best Deal, CredR, BikeDekho.com, Mahindra First Choice Wheels Limited (MFCWL), and others. Certification and authentication, brand, price, mileage and performance, engine quality/power, and a total number of dealers are some of the critical parameters on the basis of which companies compete in the organized segment. Franchise Model Need for Franchise Model: Widening Reach à Automotive companies focusing on expanding reach (online & offline) for customers to access the branches near them & therefore connect better. With demand increasing from Tier 2 and Tier 3 cities, it becomes difficult to establish showrooms therefore franchisee model becomes more cost-effective Impact Of COVID On India Used Two Wheeler Market A sudden spike in demand post lockdown can be attributed to consumers shifting from market segments of new bikes/shared mobility to used vehicles; majorly observed in Tier 1 & Tier 2 cities. While a surge in demand was seen during Unlock 1, an increase in supply was not seen Owing to cash crunch, people retained their vehicles thereby avoiding shifting to new vehicle purchase for a while India Used Two Wheeler Market Future Outlook And Projections India Used Two Wheeler Market is expected to grow in the coming years as used vehicles are much cheaper to purchase than a new one, since the introduction of BS-VI Standards. Projections for the future suggest that the overall market for used two-wheelers in India is likely to showcase a vibrant growth from ~ million units of sales volume in FY’2020 to ~ million units of sales volume in FY’2025. Individuals mostly in smaller cities and towns who wish to own a vehicle begin with buying a second-hand two-wheeler to get hold of it. Similar is the case of women drivers who prefer purchasing a pre-owned vehicle to learn driving before they actually purchase a new vehicle. Key Segments Covered in India Used Two-Wheeler Market, FY’2020: - By Type of Market Organized Unorganized By Sales Channel C2C Channel B2C Channel By Source Domestic Imports By Modification Stock Piece Customized By Type of Bike Motorcycles Scooters By Engine Capacity 100CC-110CC 125CC-135CC 150CC-200CC By Replacement Cycle 2 years-4 years 3 years-5 years 5 years - 6 years By Certification Certified Non Certified By Financing Financed Non Financed Key Target Audience Two Wheeler OEM’s Two Wheeler Dealers Online Portals (Aggregators/Marketplace Platform) Online Classified Platforms E-Commerce & Hyperlocal Companies Private Equity Investors Time Period Captured in the Report: Historical Period: FY’2015-FY’2020 Forecast Period: FY’2021–FY’2025 Companies Covered: Organized Used 2W Companies Honda Best Deal CredR Mahindra First Choice Bike Bazaar Bikers Highway Royal Enfield Vintage Online Used 2W Platforms Droom Quikr Olx Bikes4Sale CarandBike Bike Jinni Key Topics Covered in the Report: - Market size of India used two wheeler markets Market size of India online used two wheeler markets Value chain in India used two wheeler markets Market segmentation of India used two wheeler markets on the basis of market structure, stock piece & customized vehicle, distribution channels, source of Manufacturing, type of two-wheeler, engine capacity, average ownership period, by manufacturer, body type, certification and financed & non-financed vehicle Trends and Developments in India used two wheeler market Growth Drivers and Restraints in India used two wheeler market SWOT analysis in India used two wheeler market Pre-Requisites to Enter the India used two wheeler market Government Regulations in India used two wheeler market Major players and their business models Customer Profile in India used two wheeler market Analyst Recommendations For More Info on the Research Report, Click on the Below Link: - India Used Two Wheeler Market Growth Contact Us: - Like it? 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