Forecast data for the motorcycle market in Canada with engines of 50-250 cc is as follows (in Million US Dollars):
- 2024: 149.81
- 2025: 149.38
- 2026: 148.96
- 2027: 148.55
- 2028: 148.14
Year-on-year variations percentage and CAGR:
- 2024-2025: -0.29%
- 2025-2026: -0.28%
- 2026-2027: -0.28%
- 2027-2028: -0.28%
- CAGR (2024-2028): -0.28%
The market shows a slight but consistent decline at an annualized rate of -0.28% over the forecasted period. Future trends to watch include the potential impact of environmental regulations, the adoption of electric motorcycles, and changing consumer preferences towards more eco-friendly transportation options.
