The data on motorcycle ownership in Chile exhibited steady growth from 2013 to 2014 with notable expansion (10% to 11.89% year-on-year variations). From 2015 onwards, growth rates showed more modest trends, varying between slight increases and occasionally dipping negatives, such as in 2020 when there was a -5.16% decrease. By 2023, motorcycle ownership stood at 10.07 units per thousand persons. The average annual growth rate (CAGR) in the last 5 years was a minimal -0.096%, indicating a near-stagnant trend in recent times.
Future forecasts suggest a gradual increase with the CAGR for the next 5 years estimated at 0.39%. Ownership is projected to reach 10.35 units per thousand persons by 2028 with a 1.96% growth over this period.
Trends to watch for in the future include shifts in economic conditions, urbanization rates, changes in consumer preferences towards more sustainable transport options, and potential regulatory changes impacting the automotive sector.
