Southeast Asians Prefer Two-Wheeled Vehicles

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Erlina Fury Santika 25/04/2024 19:10 WIB

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Research by Bain & Company, GenZero, Standard Chartered Bank, and Temasek shows that Southeast Asians prefer to buy and use two-wheeled vehicles over four-wheeled vehicles.

Passenger Vehicle Market Share by Vehicle Type in 5 Southeast Asian Countries (2024)*

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Southeast Asians Prefer Two-Wheeled Vehicles

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Passenger Vehicle Market Share by Vehicle Type in 5 Southeast Asian Countries (2024)*

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Research by Bain & Company, GenZero, Standard Chartered Bank, and Temasek shows that citizens in several Southeast Asian countries prefer two-wheeled vehicles to four-wheeled ones.

Vietnam recorded the highest share of passenger vehicles consisting of motorcycles and mopeds among other countries, at 96% of the total vehicle share in the country. The remainder is comprised of cars.

Indonesia follows with an 88% share of motorcycles. Thailand has a 69% share.

The Philippines has a 63% share of motorcycles, and Malaysia has 49%.

Singapore, on the other hand, predominantly uses cars, with motorcycles accounting for only 18%.

The research team observes that this proportion indicates significant opportunities for the adoption of two-wheeled electric vehicles in ASEAN.

Note that data for 2022 and 2023 is unavailable. The type of vehicle is not further specified, for example, whether it is conventional, electric, or includes both. The research team mentions a decline in two-wheeled electric vehicle sales following a reduction in government incentives.

This data is compiled from Euromonitor, IEA, and Marklines.

Editor : Erlina Fury Santika

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."