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.
