The motorcycle parts market in Belgium experienced fluctuations in its size between 2012 and 2022. After a notable decline from 2012 to 2015, with year-on-year decreases peaking at -12.06% in 2013, the market showed signs of gradual recovery. The period from 2016 to 2018 marked a rebound, highlighted by a significant 13.05% increase in 2017. Despite minor dips in 2019 and 2021, the market stabilized around $144.45 million in 2022, with a recent CAGR of 0.77% over the last five years.
Future trends to watch for include the impact of technological advancements in motorcycle parts, increasing environmental regulations, and the influence of economic conditions which could drive market expansion or contraction. Additionally, shifts in consumer preferences towards electric motorcycles might alter the market dynamics significantly.
How does Belgium rank in Motorcycle Parts (Except Saddles) Market Size Value?
| # | 26 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 6,271,200,000 | 2023 | +0.87% | +0.89% | View data |
| 2 | 2 Germany | 2,381,600,000 | 2023 | +3.05% | +4.57% | View data |
| 3 | 3 France | 1,274,000,000 | 2023 | +0.088% | +0.44% | View data |
| 4 | 4 Mexico | 1,099,700,000 | 2023 | +5.25% | +4.91% | View data |
| 5 | 5 United Kingdom | 648,070,000 | 2023 | -2.3% | -2.54% | View data |
| 9 | 9 Peru | 257,660,000 | 2023 | +2.71% | +3.25% | View data |
| 10 | 10 Switzerland | 188,690,000 | 2023 | +0.77% | +2.21% | View data |
| 11 | 11 Belgium | 142,350,000 | 2023 | -0.51% | -1.09% | |
| 12 | 12 Guatemala | 97,644,000 | 2023 | +6.08% | +2.86% | View data |
| 13 | 13 Sweden | 92,699,000 | 2023 | -1.4% | -0.067% | View data |
