In 2023, the share of motorcycles in total road motor vehicles stood at 6.75%. The forecasted data indicates a steady increase in this share, reaching 6.89% in 2024 and climbing progressively to 7.34% by 2028. This represents a year-on-year increase of approximately 1.6% to 1.7%, with a compound annual growth rate (CAGR) of around 2.1% over the five-year period.

Future trends to watch for include:

Increased urbanization and traffic congestion potentially leading to a higher preference for motorcycles.
Technological advancements in electric motorcycles contributing to higher adoption rates.
Regulatory changes and environmental policies possibly influencing the overall vehicle mix on the roads.