Key Market Indicators
Motorcycle demand is expected to surge in the coming years. A report from MarketsandMarkets forecasts that the global market will reach a worth of $47.9 million by 2026, up 1.6% annually from 2020. The highest growth rate of 4.1% was seen in 2020. The United States, Japan and Italy dominated the market, holding the second, third and fourth spots, respectively. In Norway, the motorcycle registration market is anticipated to reach 13,040 registrations by 2026, growing at a CAGR of 2.1%. From 2015, the market has increased by 4.9% each year.
