Over the past decade, the Motorcycle Parts and Accessories market in Namibia has experienced fluctuations in its size, with notable peaks and troughs. The sector saw a significant value drop in 2015 by 26.57%. It then experienced modest recovery phases, with the largest recent year-on-year growth of 11.99% seen in 2021 before again declining slightly by -2.16% in 2023, standing at 1.4839 million USD. The 5-year CAGR reflects an average annual decrease of -2.24%, indicating a long-term decline in market value.
Looking ahead, the market's future trends will likely be influenced by:
- Technological advancements in motorcycle parts.
- Economic factors affecting consumer purchasing power.
- Regulatory changes promoting or hindering motorcycle usage.
- Trends in motorcycle usage patterns and preferences.
- Global supply chain adjustments affecting parts availability and pricing.
| # | 12 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 1,287,300,000 | 2023 | +0.27% | +0.65% | View data |
| 2 | 2 United Kingdom | 676,960,000 | 2023 | +1.24% | -1.68% | View data |
| 3 | 3 Switzerland | 185,990,000 | 2023 | -0.49% | +1.92% | View data |
| 4 | 4 Sweden | 93,108,000 | 2023 | -0.75% | +0.021% | View data |
| 5 | 5 New Zealand | 66,684,000 | 2023 | +3.19% | +3.39% | View data |
| 10 | 10 Croatia | 10,114,000 | 2023 | +7.32% | +8.61% | View data |
| 11 | 11 Mauritius | 1,989,600 | 2023 | +0.21% | -1.42% | View data |
| 12 | 12 Namibia | 1,483,900 | 2023 | -2.16% | -2.24% | |
