From 2012 to 2022, the motorcycle market size in South Africa exhibited a declining trend, starting at $673.17 million in 2012 and dropping to $225.36 million by 2022. The initial years saw significant declines, with a notable 20.5% drop in 2013 and sustained negative year-on-year growth through 2022. The most dramatic drop occurred in 2016 with a 23.81% decrease. Although there was a slight positive uptick in 2017 at 8.26%, the market continued to shrink overall. The Compound Annual Growth Rate (CAGR) over the last five years is -10.81%, indicating a consistent downward trajectory.
In 2023, the market value stood at $XX million, continuing the trend from the previous years. Over the last two years (2021-2022), the market has seen an average year-on-year decline of approximately 7.935%, reflecting ongoing challenges within the industry. Looking back over the past five years, the average annual decrease as indicated by the CAGR is -10.81%.
Future trends to watch for include potential market stabilization as consumers adjust to economic factors and possible growth due to advancements in electric motorcycles, environmental regulations, and emerging middle-class demands. Monitoring technological advancements and shifts in consumer preferences will be crucial in understanding and predicting market dynamics.
| # | 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 |
| 11 | 11 Uganda | 444,740,000 | 2023 | +7.21% | +9.75% | View data |
| 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% | |
| 14 | 14 Niger | 26,579,000 | 2023 | +1.93% | +1.59% | View data |
| 15 | 15 Jordan | 13,272,000 | 2023 | +1.82% | -0.35% | View data |
