The repair and maintenance of two-wheelers is a significant sector in India, known as the two-wheeler aftermarket service market. This industry encompasses various services such as regular servicing, repairs, and customization of two-wheelers. In India, this industry is largely unorganized, dominated by small and medium-sized garages and service centers. However, there are also organized players, including TVS, Hero MotoCorp, and Bajaj Auto, which operate their own service centers and networks. The importance of the aftermarket service industry in India cannot be overstated, as it provides customers with affordable options for maintaining and repairing their vehicles. This is especially critical in a country like India, where two-wheelers are the most common mode of transportation and are heavily relied upon. Furthermore, the aftermarket service market is growing due to the increased demand for customized bikes and scooters. Many customers prefer to add new features and accessories to their two-wheelers, which can be achieved through Aftermarket Service Market providers. In summary, the two-wheeler aftermarket service industry in India plays a crucial role in the overall two-wheeler market, providing customers with affordable and customized services, and is expected to continue growing in the future.
Firstly, the lockdowns and travel restrictions enforced in India to control the spread of COVID-19 have disrupted the supply chains of many sectors, including the two-wheeler Aftermarket Service Market. This disruption has caused a scarcity of spare parts and accessories, making it challenging for service providers to offer timely and efficient service.
Secondly, due to the pandemic, there has been a decrease in demand for two-wheeler services as people have been staying at home and reducing their travel, leading to a decline in revenue for service providers and negatively impacting their profitability.
Thirdly, the pandemic has caused a change in consumer behavior, with many individuals opting to buy their two-wheelers online to avoid visiting physical stores. This trend has forced service providers to alter their business models and invest in digital platforms to reach consumers.
Finally, with the risk of infection still high, two-wheeler service providers have had to increase their safety measures to safeguard their customers and staff. This has resulted in additional costs, such as purchasing personal protective equipment and implementing new sanitation protocols.
Despite the challenges faced by the India two-wheeler aftermarket service market during the COVID-19 pandemic, service providers are adapting to the new normal, finding innovative ways to reach their customers, and the industry is expected to recover as the country continues to recover and reopen.
India Two Wheeler Aftermarket Service Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Bajaj Auto, Hero, Honda, Okinawa, Pure EV, Suzuki, TVS.
India Two Wheeler Aftermarket Service Market Segmentation:
By Type of Vehicle: Based on the Type of Vehicle, India Two Wheeler Aftermarket Service Market is segmented as: Motorcycles, Scooters.
By Age of Two-Wheeler: Based on the Age of Two-Wheeler, India Two Wheeler Aftermarket Service Market is segmented as:0-2 years, 2-4 years, 4-6 years, 6-8 years, 8 years & above.
By Type of Workshop: Based on the Type of Workshop, India Two Wheeler Aftermarket Service Market is Segmented as: Organized, Unorganized.
By Service Split: Based on the Service split, India Two Wheeler Aftermarket Service Market is Segmented as: Non-Crash Repair, Crash Repair, Body Care.
By Booking Mode: Based on the Booking Mode, India Two Wheeler Aftermarket Service Market is Segmented as: Offline, Online.
By Expenditure Category: Based on the Expenditure Category, India Two Wheeler Aftermarket Service Market is Segmented as: Service, Spare-Parts, Consumables.
By Region: This report also provide the data for key regional segments of India; Karnataka, Maharashtra, Delhi NCR, Haryana, Tamil Nadu, Telangana, Gujarat, Others.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.