The Chilean market for motorcycles with spark ignition engines over 800cc reached a value of 109.76 million USD in 2023. The market saw fluctuations over the past decade, with significant declines in 2016 and 2020. In recent years, the market showed a steady recovery, with a year-on-year increase of 1.71% in 2023. The Compound Annual Growth Rate (CAGR) over the last five years stands at 1.99%, reflecting moderate growth.
Future trends to watch for:
- Increasing urbanization and disposable incomes, potentially boosting demand for luxury motorcycles.
- Environmental regulations could lead to increased interest in electric motorcycles over the next decade.
- Continued economic recovery and consumer confidence will likely sustain market growth.
How does Chile rank in Motorcycles (With Spark Ignition Engine of More than 800 Cc) Market Size Value?
| # | 16 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 10,244,000,000 | 2023 | +0.44% | +0.095% | View data |
| 2 | 2 Japan | 4,741,600,000 | 2023 | -0.82% | -1.27% | View data |
| 3 | 3 France | 3,038,800,000 | 2023 | +2% | +1.4% | View data |
| 4 | 4 Italy | 2,255,800,000 | 2023 | +1.79% | +1.66% | View data |
| 5 | 5 United Kingdom | 2,030,100,000 | 2023 | +1.36% | +0.86% | View data |
| 10 | 10 New Zealand | 163,600,000 | 2023 | +1.17% | +1.27% | View data |
| 11 | 11 Norway | 152,710,000 | 2023 | +4.53% | -0.43% | View data |
| 12 | 12 Chile | 109,760,000 | 2023 | +1.71% | +1.99% | |
| 13 | 13 Poland | 106,850,000 | 2023 | +2.87% | +3.05% | View data |
| 14 | 14 Guatemala | 25,774,000 | 2023 | +6.94% | +3.96% | View data |
