The manufacturing of motorcycles in Sweden has experienced a significant decline over the past years. In 2023, the production stood at 23.4 million Swedish Kronas, marking a 9.3% year-on-year decrease. Earlier, the sector saw a marginal 3.35% increase in 2019, but followed by consistent declines, including a significant 24.83% drop in 2020. Over the past five years, the Compound Annual Growth Rate (CAGR) was -8.85%. Forecast data indicates a continuous downward trend, with production expected to decrease to 10.77 million Swedish Kronas by 2028, representing a five-year forecasted CAGR of -12.21% and an overall decline of 47.85%.
Future trends to watch for include:
- The impact of alternative and emerging transportation technologies.
- Environmental regulations influencing shifts towards electric motorcycles.
- Changes in consumer preferences and mobility patterns post-2024.
