Percentage of female riders in the two-wheeler market is increasing

Commercial Usage, Female Riders, and Rural Markets Support Strong Growth for the MCO Market through 2022

The global two-wheeler population is estimated to increase at a CAGR of over 5% through 2022, with the highest growth coming from Asia-Pacific. Consequently, the total demand for motorcycle oils (MCO) is forecast to grow strong at a CAGR of 3.5% during the same period. Three-fourths of the total MCO demand comes from Asia-Pacific, where four countries—India, China, Indonesia, and Thailand—combined account for more than half of the total MCO demand globally,Continue reading