Over the past decade, the motorcycles market in Uganda has shown a generally upward trend with a significant increase in market size value expressed in million US dollars. Despite some fluctuations between 2014 and 2016, the market recovered and accelerated with consistent year-on-year growth from 2017 onwards. By 2023, the market reached a value of $444.74 million, driven by positive economic dynamics and increasing demand for mobility solutions.
Trends for the last two years indicate robust growth, with a higher year-on-year percentage compared to the earlier years, pointing towards a healthy market trajectory. The compound annual growth rate (CAGR) over the last five years stood at 9.75%, demonstrating strong market growth over the period.
Looking forward, future trends to watch in Uganda’s motorcycle market include the increasing adoption of electric motorcycles, the impact of government policies on import taxes and environmental regulations, as well as the influence of urbanization on transport needs. It's crucial for stakeholders to monitor technological advancements and consumer preferences in shaping the market landscape.
| # | 15 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 9,469,400,000 | 2023 | +3.95% | +6.61% | View data |
| 2 | 2 Italy | 5,294,200,000 | 2023 | -1.59% | -0.74% | View data |
| 3 | 3 France | 4,765,200,000 | 2023 | -10.74% | -6.61% | View data |
| 4 | 4 United Kingdom | 3,144,100,000 | 2023 | -0.48% | -1.07% | View data |
| 5 | 5 Canada | 1,822,400,000 | 2023 | -0.11% | -1.67% | View data |
| 9 | 9 Israel | 585,200,000 | 2023 | +8.96% | +4.2% | View data |
| 10 | 10 New Zealand | 529,820,000 | 2023 | +3.26% | +2.12% | View data |
| 11 | 11 Uganda | 444,740,000 | 2023 | +7.21% | +9.75% | |
| 12 | 12 Ethiopia | 220,050,000 | 2023 | +1.97% | +2.26% | View data |
| 13 | 13 South Africa | 171,720,000 | 2023 | -17.09% | -11.51% | View data |
