Key Market Indicators
Global demand for motorcycles is expected to remain strong over the next five years. According to a recent report, demand is predicted to rise from $4.46 billion in 2020 to $4.52 billion in 2026, marking a 0% year-on-year decrease on average. The United States, Japan, and Italy are some of the biggest markets for motorcycles, ranked second, third, and fourth respectively. Meanwhile, Latvian motorcycle registration is anticipated to drop from 645.05 registrations in 2021 to 546.73 registrations in 2026, marking a 3% year-on-year decrease on average. Since 2015, the Latvian market has decreased by just 0.2% year-on-year.
Motorcycle Market Data and Forecasts
How much will Motorcycle Market grow to 2026?
More in Motorcycle Industry for 2028Improve your Knowledge with the latest Indicators and Trends
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Motorcycle Industry: Examining Opportunities, Trends, and Future of Rentals and Electric Models
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Motorcycle Equipment: Exploring Trends and Opportunities in Airbags and Riding Gloves Market
The role of airbags in motorcycles, despite being a relatively recent addition, has gained significant market traction. Enhancing safety measures is the primary reason behind the growth, coinciding with the global increase in motorcycle sales and a heightened awareness of rider safety. OEMs are incorporating airbag systems in premium motorcycle...
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Motorcycle Seats Industry: Exploring Heat Features and Market Evolution Patterns
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